Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0098%/8h= +10.7% APRpaid last 24h +0.046%

Price spread now: Bitget against SoDEX+0.129%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 Bitget

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 +$3 a day on $10k at the current rate, and Bitget is 0.129% dearer against SoDEX than usual: you sell high and buy low: +$13 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	66.464	0.0050	pay 0.0006% / 1h	20m 48s	$4K	$5K	20x
Short	Bitget XAGUSDT	66.550	0.0148	get 0.0074% / 4h	20m 48s	$24.4M	$48.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.129%Rate

Funding earned: $20.58
Price spread: +0.129% → 0.000%: $12.94
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: $13.52
Costs to cover: 0.200%
Break-even: 2.4 days

Slippage unknown: SoDEX: no order-book sample; Bitget: live order book, 3 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 Bitget live order book, 3 min ago	0.75 bp	6.8 bp −$7	9.0 bp −$90	15.5 bp −$1,549	37.7 bp −$18.9K

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
dYdX XAG-USD	0.0000%	1h	66.484	+0.029%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.540	+0.114%	$26.2M	$34.5M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.540	+0.114%	$154.5M	$173.6M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.520	+0.084%	$2K	$3.0M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.580	+0.175%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.540	+0.114%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.461	−0.005%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.528	+0.096%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.469	+0.008%	$5.5M	$12.2M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.096%	$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
Phoenix SILVER	+0.0036%	1h	66.485	+0.032%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	66.430	−0.051%	$795K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.971	+0.763%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.491	+0.041%	$3.9M	$699K	20x	as long as short
SoDEX SILVER-USDlong	+0.0050%	1h	66.464	long leg	$4K	$5K	20x
Ondo Perps XAG-USD.P	+0.0050%	1h	66.440	−0.036%	$5.7M	$10.0M	25x	as long as short
Kalshi KXSILVERPERP	+0.0060%	24h	66.489	+0.038%	$581K	$21.4M	8.1x	as long as short
QFEX SILVER-USD	+0.0061%	1h	66.530	+0.099%	$124K	$2.8M	20x	as long as short
Hotstuff SILVER-PERP	+0.0064%	1h	66.450	−0.021%	$35K	$21K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0073%	1h	66.505	+0.062%	$165.7M	$86.8M	25x	as long as short
BloFin XAG-USDT	+0.0080%	4h	66.510	+0.069%	$2.6M	$651K	100x	as long as short
Pacifica XAG	+0.0100%	1h	66.475	+0.017%	$480K	$618K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.500	+0.054%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.450	−0.021%	$126K	$26K	50x	as long as short
Variational Omni XAG	+0.0106%	4h	66.526	+0.093%	$5.6M	$10.1M	—	as long as short
Paradex XAG-USD-PERP	+0.0109%	8h	66.521	+0.086%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0113%	4h	66.541	+0.116%	$2.8M	$1.1M	100x	as long as short
Lighter XAG	+0.0120%	1h	66.529	+0.098%	$5.2M	$10.4M	25x	as long as short
MEXC SILVER_USDT	+0.0120%	4h	66.530	+0.099%	$115.0M	$153.2M	1000x	as long as short
Aevo XAG-PERP	+0.0120%	1h	66.528	+0.096%	$48K	—	10x	as long as short
edgeX XAGUSDC	+0.0122%	4h	66.478	+0.020%	$674K	$314K	30x	as long as short
Binance XAGUSDT	+0.0123%	4h	66.530	+0.099%	$192.5M	$723.0M	100x	as long as short
Bitget XAGUSDTshort	+0.0148%	4h	66.550	+0.129%	$24.4M	$48.2M	100x
Coinbase International SILVER-PERP-INTX	+0.0160%	1h	66.410	−0.081%	$1.9M	$848K	20x	as long as short
Aftermath Perps XAGUSD	+0.0166%	1h	66.430	−0.051%	$80K	$40K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0178%	4h	66.490	+0.039%	$390K	$1.5M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0196%	8h	66.540	+0.114%	$27.9M	$66.6M	50x	as long as short
RISEx XAG/USDC	+0.0208%	1h	66.545	+0.121%	$1.3M	$4.2M	20x	as long as short
Bullet SILVER-USD	+0.0256%	1h	66.532	+0.102%	$45K	$76K	10x	as long as short
Nado XAG-PERP	+0.0258%	1h	66.483	+0.029%	$1.3M	$6.6M	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.525	+0.092%	$103K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0296%	1h	66.484	+0.030%	$20K	$22K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0352%	1h	66.520	+0.084%	$50K	$367K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0595%	1h	66.499	+0.052%	$762K	$586K	25x	as long as short