Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0009%/8h= +0.9% APRpaid last 24h +0.002%

Price spread now: MEXC against RISEx−0.014%7-day average 0.000% · 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−$10as in the Price arb table

costs, in and out, $10k−$80.083% of the position

Long on RISEx Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.030%−$3 on $10k

Price spread, last 7 days+0.044%+$4 · spread now −0.014%, 7d avg 0.000%

Together, before fees+0.014%+$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx XAG/USDC	66.179	0.0181	pay 0.0023% / 1h	1m 16s	$1.3M	$4.4M	20x
Short	MEXC SILVER_USDT	66.170	0.0190	get 0.0095% / 4h	1h 01m	$107.7M	$154.4M	1000x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.014%Rate

Funding earned: $1.79
Price spread: −0.014% → 0.000%: −$1.43
Slippage, 4 orders: −$2.34
Fee RISEx: 3 bp × 2 orders: −$6
Fee MEXC: 0 bp × 2 orders: $0
Net: −$7.98
Costs to cover: 0.083%
Break-even: 38.2 days

Slippage from RISEx: live order book, 3 min ago; MEXC: live order book, 3 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, 3 min ago	0.42 bp	3.4 bp −$3	3.8 bp −$38	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	0.76 bp	0.8 bp −$1	0.8 bp −$8	0.8 bp −$76	3.3 bp −$1,671

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
dYdX XAG-USD	0.0000%	1h	66.087	−0.139%	$15K	—	5x	as long as short
Hotstuff SILVER-PERP	0.0000%	1h	66.134	−0.068%	$35K	$21K	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.190	+0.016%	$149.9M	$165.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.210	+0.047%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.210	+0.047%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.220	+0.062%	$1.5M	$256K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.114	−0.099%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.169	−0.016%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.109	−0.106%	$5.2M	$12.0M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.334%	$11K	$94K	52x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAG-USD.P	+0.0039%	1h	66.050	−0.195%	$5.7M	$9.7M	25x	as long as short
StandX XAG-USD	+0.0040%	1h	66.150	−0.044%	$796K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.594	+0.627%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.133	−0.070%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.108	−0.108%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.160	−0.029%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0066%	24h	66.137	−0.064%	$545K	$24.8M	8.1x	as long as short
Phoenix SILVER	+0.0084%	1h	66.097	−0.124%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0094%	1h	66.134	−0.068%	$165.4M	$73.9M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.114	−0.099%	$470K	$612K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.140	−0.059%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.110	−0.105%	$113K	$30K	50x	as long as short
Aster XAGUSDT	+0.0124%	4h	66.174	−0.008%	$2.7M	$877K	100x	as long as short
Paradex XAG-USD-PERP	+0.0129%	8h	66.164	−0.023%	$30K	$1K	5x	as long as short
Bybit XAGUSDT	+0.0134%	4h	66.200	+0.031%	$26.9M	$36.0M	150x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.177	−0.003%	$48K	—	10x	as long as short
Variational Omni XAG	+0.0178%	4h	66.142	−0.056%	$5.6M	$9.8M	—	as long as short
RISEx XAG/USDClong	+0.0181%	1h	66.179	long leg	$1.3M	$4.4M	20x
Lighter XAG	+0.0184%	1h	66.176	−0.004%	$5.2M	$10.6M	25x	as long as short
MEXC SILVER_USDTshort	+0.0190%	4h	66.170	−0.014%	$107.7M	$154.4M	1000x
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.180	+0.001%	$1.8M	$1.0M	20x	as long as short
Binance XAGUSDT	+0.0192%	4h	66.190	+0.016%	$192.3M	$704.5M	100x	as long as short
edgeX XAGUSDC	+0.0198%	4h	66.162	−0.025%	$671K	$315K	30x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0204%	1h	66.150	−0.044%	$63K	$337K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0217%	8h	66.180	+0.001%	$27.7M	$65.8M	50x	as long as short
Nado XAG-PERP	+0.0223%	1h	66.118	−0.092%	$1.3M	$6.5M	10x	as long as short
Aftermath Perps XAGUSD	+0.0228%	1h	66.141	−0.057%	$80K	$37K	10x	as long as short
BloFin XAG-USDT	+0.0233%	4h	66.180	+0.001%	$2.6M	$551K	100x	as long as short
Bitget XAGUSDT	+0.0240%	4h	66.180	+0.001%	$23.8M	$45.6M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0256%	4h	66.163	−0.025%	$397K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0273%	1h	66.190	+0.016%	$45K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0296%	1h	66.100	−0.120%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0362% / S −0.0390%	1h	66.195	+0.024%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0550%	1h	66.148	−0.047%	$913K	$674K	25x	as long as short