Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0030%/8h= −3.3% APRpaid last 24h −0.024%

Price spread now: SunX against RISEx−0.076%7-day average +0.006% · 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−$83as in the Price arb table

costs, in and out, $10k−$750.752% of the position

Long on RISEx Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.071%−$7 on $10k

Price spread, last 4 days (all we have)+0.088%+$9 · spread now −0.076%, 7d avg +0.006%

Together, before fees+0.017%+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and SunX is 0.082% cheaper against RISEx than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.006%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx XAG/USDC	65.440	0.0030	pay 0.0004% / 1h	26m 14s	$1.3M	$4.9M	20x
Short	SunX XAG-USDT	65.390	0	get 0.0000% / 4h	2h 26m	$2K	$2.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.076%Rate

Funding earned: −$6.27
Price spread: −0.076% → +0.006%: −$8.2
Slippage, 4 orders: −$61.2
Fee RISEx: 3 bp × 2 orders: −$6
Fee SunX: 4 bp × 2 orders: −$8
Net: −$89.66
Costs to cover: 0.752%
Break-even: never at this rate

Slippage from RISEx: live order book, 3 min ago; SunX: live order book, 11 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	1.04 bp	4.0 bp −$4	6.1 bp −$61	doesn't fit	doesn't fit
Sell SunX live order book, 11 min ago	29.56 bp	33.6 bp −$34	63.0 bp −$630	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	−0.0027%	1h	65.290	−0.229%	$5.6M	$9.4M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.334	−0.162%	$12K	$5K	5x	as long as short
SunX XAG-USDTshort	0.0000%	4h	65.390	−0.076%	$2K	$2.6M	20x
HTX XAG-USDT	0.0000%	4h	65.440	0.000%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.400	−0.061%	$1.5M	$266K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.339	−0.155%	$118K	—	250x	as long as short
RISEx XAG/USDClong	+0.0030%	1h	65.440	long leg	$1.3M	$4.9M	20x
Lighter RH XAG	+0.0032%	1h	65.419	−0.033%	$4.7M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.348	−0.140%	$5.1M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.467%	$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
Gate XAG_USDT	+0.0036%	4h	65.420	−0.031%	$142.5M	$170.8M	100x	as long as short
Phoenix SILVER	+0.0036%	1h	65.675	+0.359%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	65.350	−0.138%	$786K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.839	+0.610%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.400	−0.061%	$3.9M	$710K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.332	−0.165%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.410	−0.046%	$154K	$2.8M	20x	as long as short
Hotstuff SILVER-PERP	+0.0056%	1h	65.356	−0.128%	$35K	$21K	20x	as long as short
Paradex XAG-USD-PERP	+0.0059%	8h	65.393	−0.072%	$29K	$1K	5x	as long as short
tradeXYZ xyz:SILVER	+0.0061%	1h	65.387	−0.081%	$166.0M	$78.8M	25x	as long as short
Kalshi KXSILVERPERP	+0.0075%	24h	65.360	−0.122%	$522K	$28.0M	8.1x	as long as short
Bybit XAGUSDT	+0.0081%	4h	65.400	−0.061%	$28.2M	$39.0M	150x	as long as short
Aster XAGUSDT	+0.0093%	4h	65.406	−0.052%	$2.7M	$937K	100x	as long as short
Pacifica XAG	+0.0100%	1h	65.371	−0.105%	$466K	$619K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.390	−0.076%	$24.6M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.390	−0.076%	$112K	$30K	50x	as long as short
Lighter XAG	+0.0120%	1h	65.383	−0.087%	$5.3M	$11.1M	25x	as long as short
Aevo XAG-PERP	+0.0136%	1h	65.393	−0.071%	$47K	—	10x	as long as short
Variational Omni XAG	+0.0137%	4h	65.665	+0.344%	$5.6M	$9.5M	—	as long as short
Binance XAGUSDT	+0.0142%	4h	65.410	−0.046%	$190.1M	$729.1M	100x	as long as short
MEXC SILVER_USDT	+0.0142%	4h	65.420	−0.031%	$112.9M	$157.6M	1000x	as long as short
Nado XAG-PERP	+0.0152%	1h	65.377	−0.097%	$1.3M	$5.5M	10x	as long as short
edgeX XAGUSDC	+0.0155%	4h	65.701	+0.399%	$668K	$311K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.370	−0.107%	$1.7M	$1.4M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0190%	4h	65.406	−0.052%	$386K	$1.5M	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.380	−0.092%	$66K	$370K	20x	as long as short
Bitget XAGUSDT	+0.0210%	4h	65.410	−0.046%	$23.3M	$47.7M	100x	as long as short
Aftermath Perps XAGUSD	+0.0215%	1h	65.565	+0.191%	$79K	$37K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0215%	8h	65.410	−0.046%	$27.4M	$69.4M	50x	as long as short
Bullet SILVER-USD	+0.0227%	1h	65.429	−0.017%	$43K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0355% / S −0.0317%	1h	65.405	−0.053%	$86K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0360%	1h	65.325	−0.176%	$20K	$19K	10x	as long as short
BloFin XAG-USDT	+0.0365%	4h	65.420	−0.031%	$2.6M	$623K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0471%	1h	65.389	−0.078%	$914K	$750K	25x	as long as short