Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0098%/8h= +10.7% APRpaid last 24h +0.005%

Price spread now: Bybit against SoDEX+0.130%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 Bybit

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 Bybit is 0.130% 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	66.304	0.0050	pay 0.0006% / 1h	52m 59s	$3K	$6K	20x
Short	Bybit XAGUSDT	66.390	0.0148	get 0.0074% / 4h	1h 52m	$26.7M	$36.2M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.130%Rate

Funding earned: $20.51
Price spread: +0.130% → 0.000%: $12.97
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $14.48
Costs to cover: 0.190%
Break-even: 2.1 days

Slippage unknown: SoDEX: no order-book sample; Bybit: live order book, 1 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 Bybit live order book, 1 min ago	0.75 bp	6.5 bp −$7	8.5 bp −$85	13.8 bp −$1,378	52.3 bp −$26.2K

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 43 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	66.294	−0.016%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.390	+0.130%	$152.4M	$161.6M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.380	+0.115%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.410	+0.160%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.380	+0.115%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.305	+0.001%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.353	+0.074%	$4.8M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.306	+0.003%	$5.3M	$12.2M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.145%	$11K	$94K	52x	as long as short
Ondo Perps XAG-USD.P	+0.0034%	1h	66.260	−0.066%	$5.7M	$9.7M	25x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	66.390	+0.130%	$799K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.808	+0.760%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.341	+0.056%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USDlong	+0.0050%	1h	66.304	long leg	$3K	$6K	20x
QFEX SILVER-USD	+0.0062%	1h	66.360	+0.084%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0063%	24h	66.324	+0.030%	$544K	$24.5M	8.1x	as long as short
Phoenix SILVER	+0.0084%	1h	66.303	−0.002%	$56K	$26K	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.316	+0.018%	$472K	$607K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.330	+0.039%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.330	+0.039%	$113K	$30K	50x	as long as short
tradeXYZ xyz:SILVER	+0.0101%	1h	66.343	+0.059%	$166.0M	$74.7M	25x	as long as short
Paradex XAG-USD-PERP	+0.0140%	8h	66.368	+0.096%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0143%	4h	66.376	+0.108%	$2.7M	$925K	100x	as long as short
Bybit XAGUSDTshort	+0.0148%	4h	66.390	+0.130%	$26.7M	$36.2M	150x
Lighter XAG	+0.0160%	1h	66.364	+0.090%	$5.3M	$10.4M	25x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.373	+0.104%	$48K	—	10x	as long as short
Variational Omni XAG	+0.0178%	4h	66.354	+0.075%	$5.5M	$9.8M	—	as long as short
RISEx XAG/USDC	+0.0181%	1h	66.381	+0.116%	$1.2M	$4.4M	20x	as long as short
MEXC SILVER_USDT	+0.0192%	4h	66.370	+0.100%	$111.6M	$151.6M	1000x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.350	+0.069%	$1.9M	$972K	20x	as long as short
Binance XAGUSDT	+0.0193%	4h	66.380	+0.115%	$192.3M	$706.7M	100x	as long as short
edgeX XAGUSDC	+0.0212%	4h	66.351	+0.070%	$673K	$314K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0217%	8h	66.380	+0.115%	$27.9M	$65.7M	50x	as long as short
Aftermath Perps XAGUSD	+0.0232%	1h	66.341	+0.055%	$80K	$38K	10x	as long as short
Hibachi XAG/USDT-P	+0.0240%	1h	66.320	+0.024%	$20K	$22K	10x	as long as short
Nado XAG-PERP	+0.0241%	1h	66.323	+0.029%	$1.3M	$6.6M	10x	as long as short
Bitget XAGUSDT	+0.0256%	4h	66.380	+0.115%	$23.9M	$46.1M	100x	as long as short
Bullet SILVER-USD	+0.0280%	1h	66.387	+0.125%	$46K	$75K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0282%	4h	66.410	+0.160%	$399K	$1.5M	25x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0330% / S −0.0340%	1h	66.375	+0.107%	$103K	—	111x	as long as short
Hotstuff SILVER-PERP	+0.0344%	1h	66.376	+0.109%	$35K	$21K	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0353%	1h	66.350	+0.069%	$50K	$326K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0549%	1h	66.333	+0.044%	$765K	$475K	25x	as long as short