Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.021%

Price spread now: Binance against SoDEX+0.076%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SoDEX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.076% dearer against SoDEX than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX SILVER-USD	65.390	0.0050	pay 0.0006% / 1h	45m 33s	$3K	$6K	20x
Short	Binance XAGUSDT	65.440	0.0082	get 0.0041% / 4h	1h 45m	$189.5M	$762.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against SoDEX. 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 SoDEXbpFee BinancebpOrdersPrice spread, now +0.076%Rate

Funding earned: $6.73
Price spread: +0.076% → 0.000%: $7.65
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$3.62
Costs to cover: 0.180%
Break-even: 10.8 days

Slippage unknown: SoDEX: no order-book sample; Binance: live order book, 13 min ago. Net counts fees only.

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 SoDEX no order-book sample	—	—	—	—	—
Sell Binance live order book, 13 min ago	0.76 bp	5.8 bp −$6	6.1 bp −$61	8.6 bp −$857	18.8 bp −$9,402

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Hibachi XAG/USDT-P	−0.0120%	1h	65.338	−0.079%	$20K	$20K	10x	as long as short
Hotstuff SILVER-PERP	−0.0088%	1h	65.414	+0.037%	$35K	$21K	20x	as long as short
Ondo Perps XAG-USD.P	−0.0082%	1h	65.280	−0.168%	$5.6M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.404	+0.021%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.420	+0.046%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.440	+0.076%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.440	+0.076%	$1.5M	$281K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.360	−0.046%	$118K	—	250x	as long as short
Bybit XAGUSDT	+0.0026%	4h	65.450	+0.092%	$28.5M	$39.6M	150x	as long as short
Gate XAG_USDT	+0.0026%	4h	65.460	+0.107%	$141.4M	$180.5M	100x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XAG	+0.0032%	1h	65.434	+0.067%	$4.6M	$9.7M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.389	−0.002%	$5.1M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.545%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.380	−0.015%	$786K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.829	+0.671%	—	—	25x	as long as short
Aster XAGUSDT	+0.0047%	4h	65.445	+0.085%	$2.7M	$966K	100x	as long as short
QFEX SILVER-USD	+0.0050%	1h	65.430	+0.061%	$152K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.404	+0.021%	$170.4M	$83.6M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.375	−0.023%	$3.9M	$716K	20x	as long as short
SoDEX SILVER-USDlong	+0.0050%	1h	65.390	long leg	$3K	$6K	20x
Paradex XAG-USD-PERP	+0.0058%	8h	65.423	+0.050%	$29K	$1K	5x	as long as short
RISEx XAG/USDC	+0.0061%	1h	65.448	+0.089%	$1.2M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0061%	1h	65.337	−0.081%	$56K	$31K	25x	as long as short
Variational Omni XAG	+0.0070%	4h	65.414	+0.036%	$5.5M	$9.4M	—	as long as short
Kalshi KXSILVERPERP	+0.0077%	24h	65.393	+0.005%	$510K	$30.0M	8.1x	as long as short
MEXC SILVER_USDT	+0.0082%	4h	65.430	+0.061%	$115.3M	$157.0M	1000x	as long as short
Binance XAGUSDTshort	+0.0082%	4h	65.440	+0.076%	$189.5M	$762.1M	100x
Lighter XAG	+0.0088%	1h	65.432	+0.064%	$5.4M	$11.3M	25x	as long as short
Aevo XAG-PERP	+0.0096%	1h	65.391	+0.002%	$47K	—	10x	as long as short
Pacifica XAG	+0.0100%	1h	65.383	−0.010%	$467K	$627K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.410	+0.031%	$24.6M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.430	+0.061%	$112K	$19K	50x	as long as short
Nado XAG-PERP	+0.0101%	1h	65.376	−0.022%	$1.2M	$5.5M	10x	as long as short
edgeX XAGUSDC	+0.0107%	4h	65.373	−0.026%	$665K	$314K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0120%	1h	65.380	−0.015%	$1.6M	$1.4M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0132%	4h	65.425	+0.054%	$384K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0140%	1h	65.422	+0.049%	$44K	$76K	10x	as long as short
Bitget XAGUSDT	+0.0186%	4h	65.450	+0.092%	$23.8M	$46.7M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0192%	8h	65.440	+0.076%	$27.8M	$71.3M	50x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.400	+0.015%	$65K	$372K	20x	as long as short
Aftermath Perps XAGUSD	+0.0211%	1h	65.414	+0.037%	$79K	$37K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0321% / S −0.0301%	1h	65.425	+0.054%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0323%	4h	65.400	+0.015%	$2.6M	$617K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0492%	1h	65.389	−0.001%	$916K	$747K	25x	as long as short