Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0018%/8h= −2.0% APRpaid last 24h +0.009%

Price spread now: KuCoin against RISEx−0.067%7-day average −0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$240.242% of the position

Long on RISEx Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.037%−$4 on $10k

Price spread, last 7 days+0.072%+$7 · spread now −0.067%, 7d avg −0.056%

Together, before fees+0.034%+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.056%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx XAG/USDC	65.353	0.0118	pay 0.0015% / 1h	34m 07s	$1.2M	$4.8M	20x
Short	KuCoin XAGUSDTM	65.310	0.0100	get 0.0050% / 4h	34m 07s	$25.3M	$4.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against RISEx. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee RISExbpFee KuCoinbpOrdersPrice spread, now −0.067%Rate

Funding earned: −$3.87
Price spread: −0.067% → −0.056%: −$1.02
Slippage, 4 orders: −$6.16
Fee RISEx: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$29.05
Costs to cover: 0.242%
Break-even: never at this rate

Slippage from RISEx: live order book, 5 min ago; KuCoin: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy RISEx live order book, 5 min ago	0.64 bp	3.6 bp −$4	5.4 bp −$54	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	0.77 bp	8.5 bp −$8	14.8 bp −$148	doesn't fit	doesn't fit

XAG on 44 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAG-USD.P	−0.0041%	1h	65.240	−0.174%	$5.6M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.297	−0.086%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.350	−0.005%	$27.8M	$39.4M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.340	−0.021%	$2K	$2.5M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.390	+0.056%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.340	−0.021%	$1.5M	$281K	100x	as long as short
Variational Omni XAG	0.0000%	4h	65.332	−0.032%	$5.5M	$9.1M	—	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.298	−0.085%	$118K	—	250x	as long as short
Aster XAGUSDT	+0.0024%	4h	65.348	−0.009%	$2.7M	$928K	100x	as long as short
Hotstuff SILVER-PERP	+0.0024%	1h	65.316	−0.057%	$35K	$21K	20x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SILVER_USDT	+0.0026%	4h	65.340	−0.021%	$118.8M	$157.3M	1000x	as long as short
Binance XAGUSDT	+0.0027%	4h	65.340	−0.020%	$191.7M	$753.5M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.341	−0.019%	$4.6M	$9.8M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.297	−0.086%	$5.1M	$11.6M	10x	as long as short
Gate XAG_USDT	+0.0032%	4h	65.360	+0.010%	$140.8M	$178.2M	100x	as long as short
edgeX XAGUSDC	+0.0032%	4h	65.342	−0.018%	$665K	$313K	30x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.601%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.350	−0.005%	$786K	$2.9M	40x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.330	−0.036%	$157K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.766	+0.631%	—	—	25x	as long as short
Aevo XAG-PERP	+0.0048%	1h	65.341	−0.020%	$47K	—	10x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.304	−0.076%	$169.7M	$81.6M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.316	−0.057%	$3.8M	$856K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.290	−0.097%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0052%	8h	65.322	−0.048%	$29K	$1K	5x	as long as short
Phoenix SILVER	+0.0061%	1h	65.297	−0.086%	$56K	$31K	25x	as long as short
Kalshi KXSILVERPERP	+0.0079%	24h	65.329	−0.037%	$530K	$31.8M	8.1x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	65.300	−0.082%	$1.6M	$1.4M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.288	−0.100%	$465K	$611K	10x	as long as short
KuCoin XAGUSDTMshort	+0.0100%	4h	65.310	−0.067%	$25.3M	$4.7M	75x
ApeX Omni XAGUSDT	+0.0100%	1h	65.310	−0.067%	$112K	$19K	50x	as long as short
BloFin XAG-USDT	+0.0111%	4h	65.360	+0.010%	$2.7M	$575K	100x	as long as short
RISEx XAG/USDClong	+0.0118%	1h	65.353	long leg	$1.2M	$4.8M	20x
GRVT XAG_USDT_Perp	+0.0128%	4h	65.357	+0.005%	$384K	$1.6M	25x	as long as short
Bitget XAGUSDT	+0.0154%	4h	65.340	−0.021%	$23.2M	$44.7M	100x	as long as short
Nado XAG-PERP	+0.0160%	1h	65.304	−0.076%	$1.2M	$4.7M	10x	as long as short
Lighter XAG	+0.0160%	1h	65.349	−0.007%	$5.3M	$11.1M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0167%	8h	65.330	−0.036%	$28.2M	$69.8M	50x	as long as short
Aftermath Perps XAGUSD	+0.0182%	1h	65.330	−0.035%	$79K	$37K	10x	as long as short
Hibachi XAG/USDT-P	+0.0184%	1h	65.330	−0.037%	$20K	$17K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.340	−0.021%	$65K	$390K	20x	as long as short
Bullet SILVER-USD	+0.0220%	1h	65.359	+0.009%	$45K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.345	−0.013%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0363%	1h	65.320	−0.052%	$1.0M	$868K	25x	as long as short