Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0174%/8h= +19.1% APRpaid last 24h +0.031%

Price spread now: OKX against SoDEX+0.120%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 OKX

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 +$5 a day on $10k at the current rate, and OKX is 0.120% dearer against SoDEX than usual: you sell high and buy low: +$12 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	66.001	0.0050	pay 0.0006% / 1h	16m 53s	$3K	$6K	20x
Short	OKX XAG-USDT-SWAP	66.080	0.0224	get 0.0224% / 8h	3h 16m	$27.7M	$64.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.120%Rate

Funding earned: $36.59
Price spread: +0.120% → 0.000%: $11.97
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: $30.56
Costs to cover: 0.180%
Break-even: 1.2 days

Slippage unknown: SoDEX: no order-book sample; OKX: live order book, 2 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 OKX live order book, 2 min ago	0.76 bp	5.8 bp −$6	6.9 bp −$69	11.7 bp −$1,174	62.1 bp −$31.0K

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
Ondo Perps XAG-USD.P	−0.0062%	1h	65.950	−0.077%	$5.7M	$9.3M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.989	−0.019%	$14K	$66	5x	as long as short
Hotstuff SILVER-PERP	0.0000%	1h	66.029	+0.042%	$35K	$21K	20x	as long as short
SunX XAG-USDT	0.0000%	4h	66.090	+0.135%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.080	+0.120%	$1.0M	$949K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.070	+0.105%	$1.5M	$320K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.998	−0.005%	$120K	—	250x	as long as short
Gate XAG_USDT	+0.0016%	4h	66.080	+0.120%	$149.9M	$164.0M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	66.058	+0.086%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.007	+0.009%	$5.2M	$11.5M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.605%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.060	+0.089%	$795K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.482	+0.729%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.025	+0.036%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USDlong	+0.0050%	1h	66.001	long leg	$3K	$6K	20x
tradeXYZ xyz:SILVER	+0.0051%	1h	66.034	+0.050%	$166.3M	$74.0M	25x	as long as short
Paradex XAG-USD-PERP	+0.0056%	8h	66.045	+0.066%	$30K	$1K	5x	as long as short
QFEX SILVER-USD	+0.0060%	1h	66.050	+0.074%	$114K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0073%	1h	65.995	−0.009%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0073%	24h	66.018	+0.026%	$557K	$26.4M	8.1x	as long as short
RISEx XAG/USDC	+0.0080%	1h	66.072	+0.107%	$1.3M	$4.9M	20x	as long as short
Pacifica XAG	+0.0100%	1h	66.007	+0.009%	$470K	$605K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.030	+0.044%	$24.4M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.060	+0.089%	$113K	$30K	50x	as long as short
Lighter XAG	+0.0104%	1h	66.061	+0.090%	$5.2M	$10.8M	25x	as long as short
Bybit XAGUSDT	+0.0123%	4h	66.080	+0.120%	$27.8M	$36.5M	150x	as long as short
Aster XAGUSDT	+0.0136%	4h	66.071	+0.106%	$2.7M	$866K	100x	as long as short
Aevo XAG-PERP	+0.0168%	1h	66.053	+0.079%	$47K	—	10x	as long as short
Variational Omni XAG	+0.0171%	4h	66.073	+0.110%	$5.7M	$9.5M	—	as long as short
Nado XAG-PERP	+0.0172%	1h	66.019	+0.028%	$1.4M	$5.8M	10x	as long as short
Binance XAGUSDT	+0.0178%	4h	66.070	+0.105%	$190.9M	$702.8M	100x	as long as short
MEXC SILVER_USDT	+0.0178%	4h	66.060	+0.089%	$115.0M	$152.7M	1000x	as long as short
GRVT XAG_USDT_Perp	+0.0178%	4h	66.085	+0.127%	$395K	$1.5M	25x	as long as short
edgeX XAGUSDC	+0.0187%	4h	66.071	+0.106%	$670K	$311K	30x	as long as short
Aftermath Perps XAGUSD	+0.0188%	1h	66.046	+0.069%	$79K	$36K	10x	as long as short
BloFin XAG-USDT	+0.0207%	4h	66.080	+0.120%	$2.6M	$563K	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	66.030	+0.044%	$1.8M	$1.0M	20x	as long as short
OKX XAG-USDT-SWAPshort	+0.0224%	8h	66.080	+0.120%	$27.7M	$64.5M	50x
Bitget XAGUSDT	+0.0226%	4h	66.070	+0.105%	$23.9M	$45.2M	100x	as long as short
Bullet SILVER-USD	+0.0227%	1h	66.067	+0.100%	$45K	$75K	10x	as long as short
Hibachi XAG/USDT-P	+0.0296%	1h	66.008	+0.010%	$20K	$19K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0356%	1h	66.060	+0.089%	$75K	$363K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0387% / S −0.0440%	1h	66.065	+0.097%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0624%	1h	66.032	+0.047%	$911K	$683K	25x	as long as short