Funding arb · Price arb /

XAG

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: SunX against SoDEX+0.133%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 SunX

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

The price spread pays, funding is against you. SunX is 0.133% dearer against SoDEX than usual: you sell high and buy low (spread +0.133% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 8.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX SILVER-USD	66.352	0.0050	pay 0.0006% / 1h	39m 14s	$4K	$5K	20x
Short	SunX XAG-USDT	66.440	0	get 0.0000% / 4h	39m 14s	$2K	$3.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.133%Rate

Funding earned: −$10.5
Price spread: +0.133% → 0.000%: $13.26
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$13.24
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; SunX: live order book, 8 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 SunX live order book, 8 min ago	29.34 bp	33.3 bp −$33	63.0 bp −$630	doesn't fit	doesn't fit

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	66.370	+0.026%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.430	+0.118%	$25.9M	$33.7M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.420	+0.102%	$147.1M	$170.3M	100x	as long as short
SunX XAG-USDTshort	0.0000%	4h	66.440	+0.133%	$2K	$3.1M	20x
HTX XAG-USDT	0.0000%	4h	66.470	+0.178%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.440	+0.133%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.361	+0.013%	$120K	—	250x	as long as short
Hotstuff SILVER-PERP	+0.0024%	1h	66.401	+0.074%	$35K	$21K	20x	as long as short
Lighter RH XAG	+0.0032%	1h	66.406	+0.081%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.358	+0.009%	$5.5M	$12.3M	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	+0.072%	$11K	$94K	52x	as long as short
Phoenix SILVER	+0.0036%	1h	66.418	+0.099%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	66.410	+0.087%	$795K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.872	+0.784%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.399	+0.071%	$3.9M	$699K	20x	as long as short
SoDEX SILVER-USDlong	+0.0050%	1h	66.352	long leg	$4K	$5K	20x
Ondo Perps XAG-USD.P	+0.0050%	1h	66.360	+0.012%	$5.7M	$10.0M	25x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.390	+0.057%	$593K	$21.2M	8.1x	as long as short
QFEX SILVER-USD	+0.0061%	1h	66.430	+0.118%	$124K	$2.8M	20x	as long as short
BloFin XAG-USDT	+0.0067%	4h	66.440	+0.133%	$2.6M	$650K	100x	as long as short
tradeXYZ xyz:SILVER	+0.0070%	1h	66.391	+0.059%	$165.4M	$86.8M	25x	as long as short
Variational Omni XAG	+0.0090%	4h	66.457	+0.158%	$5.6M	$10.1M	—	as long as short
Aster XAGUSDT	+0.0093%	4h	66.427	+0.113%	$2.8M	$1.1M	100x	as long as short
Pacifica XAG	+0.0100%	1h	66.384	+0.048%	$475K	$612K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.400	+0.072%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.410	+0.087%	$126K	$26K	50x	as long as short
MEXC SILVER_USDT	+0.0102%	4h	66.410	+0.087%	$114.4M	$152.9M	1000x	as long as short
Paradex XAG-USD-PERP	+0.0103%	8h	66.419	+0.101%	$30K	$1K	5x	as long as short
Binance XAGUSDT	+0.0104%	4h	66.420	+0.102%	$191.8M	$721.9M	100x	as long as short
Aevo XAG-PERP	+0.0104%	1h	66.424	+0.108%	$48K	—	10x	as long as short
Lighter XAG	+0.0112%	1h	66.402	+0.075%	$5.2M	$10.3M	25x	as long as short
edgeX XAGUSDC	+0.0114%	4h	66.457	+0.157%	$674K	$314K	30x	as long as short
Bitget XAGUSDT	+0.0122%	4h	66.440	+0.133%	$24.2M	$47.9M	100x	as long as short
Aftermath Perps XAGUSD	+0.0150%	1h	66.414	+0.094%	$80K	$40K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0158%	4h	66.470	+0.178%	$395K	$1.4M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0160%	1h	66.420	+0.102%	$1.9M	$848K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0189%	8h	66.420	+0.102%	$27.6M	$66.1M	50x	as long as short
RISEx XAG/USDC	+0.0208%	1h	66.436	+0.127%	$1.3M	$4.2M	20x	as long as short
Bullet SILVER-USD	+0.0246%	1h	66.432	+0.121%	$45K	$75K	10x	as long as short
Nado XAG-PERP	+0.0253%	1h	66.374	+0.033%	$1.3M	$6.6M	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0258% / S −0.0231%	1h	66.435	+0.125%	$103K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0304%	1h	66.409	+0.086%	$20K	$22K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0503%	1h	66.410	+0.087%	$50K	$360K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0596%	1h	66.400	+0.072%	$767K	$566K	25x	as long as short