Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.012%

Price spread now: HTX against StandX+0.061%45s7-day average +0.072% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$390.392% of the position

Long on StandX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.079%−$8 on $10k

Price spread, last 4 days (all we have)−0.001%$0 · spread now +0.061%, 7d avg +0.072%

Together, before fees−0.080%+ Points / potential airdropStandX: Active · farm board−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.072%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX XAG-USD	65.330	0.0040	pay 0.0005% / 1h	58m 29s	$786K	$2.9M	40x
Short	HTX XAG-USDT	65.370	0	get 0.0000% / 4h	58m 29s	$1.1M	$1.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against StandX. 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 StandXbpFee HTXbpOrdersPrice spread, now +0.061%Rate

Funding earned: −$8.4
Price spread: +0.061% → +0.072%: −$1.03
Slippage, 4 orders: −$19.23
Fee StandX: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$48.66
Costs to cover: 0.392%
Break-even: never at this rate

Slippage from StandX: live order book, just now; HTX: live order book, just now.

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 StandX live order book, just now	3.83 bp	9.4 bp −$9	10.3 bp −$103	36.6 bp −$3,658	doesn't fit
Sell HTX live order book, just now	4.59 bp	11.5 bp −$11	12.0 bp −$120	14.0 bp −$1,396	doesn't fit

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	65.293	−0.057%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.400	+0.107%	$27.8M	$39.6M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.340	+0.015%	$2K	$2.6M	20x	as long as short
HTX XAG-USDTshort	0.0000%	4h	65.370	+0.061%	$1.1M	$1.3M	75x
Phemex XAGUSDT	0.0000%	4h	65.340	+0.015%	$1.5M	$281K	100x	as long as short
Ondo Perps XAG-USD.P	+0.0001%	1h	65.270	−0.092%	$5.6M	$9.7M	25x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.281	−0.074%	$118K	—	250x	as long as short
Variational Omni XAG	+0.0030%	4h	65.314	−0.025%	$5.5M	$9.2M	—	as long as short
Lighter RH XAG	+0.0032%	1h	65.325	−0.008%	$4.6M	$9.7M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.274	−0.086%	$5.1M	$11.6M	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	+1.638%	$11K	$94K	52x	as long as short
Gate XAG_USDT	+0.0034%	4h	65.370	+0.061%	$141.3M	$176.0M	100x	as long as short
StandX XAG-USDlong	+0.0040%	1h	65.330	long leg	$786K	$2.9M	40x
Aster XAGUSDT	+0.0042%	4h	65.380	+0.077%	$2.7M	$958K	100x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.390	+0.092%	$152K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.764	+0.664%	—	—	25x	as long as short
Hotstuff SILVER-PERP	+0.0048%	1h	65.291	−0.060%	$35K	$21K	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.351	+0.032%	$3.8M	$856K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.273	−0.087%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0053%	8h	65.329	−0.002%	$29K	$1K	5x	as long as short
MEXC SILVER_USDT	+0.0054%	4h	65.320	−0.015%	$116.8M	$155.9M	1000x	as long as short
Binance XAGUSDT	+0.0055%	4h	65.377	+0.073%	$191.6M	$763.3M	100x	as long as short
Phoenix SILVER	+0.0061%	1h	65.274	−0.086%	$56K	$30K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0064%	1h	65.276	−0.083%	$170.4M	$83.2M	25x	as long as short
Aevo XAG-PERP	+0.0072%	1h	65.318	−0.018%	$47K	—	10x	as long as short
edgeX XAGUSDC	+0.0075%	4h	65.308	−0.034%	$665K	$314K	30x	as long as short
Kalshi KXSILVERPERP	+0.0079%	24h	65.295	−0.054%	$481K	$31.2M	8.1x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	65.230	−0.153%	$1.6M	$1.4M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.289	−0.063%	$468K	$621K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.280	−0.077%	$25.3M	$5.0M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.260	−0.107%	$112K	$19K	50x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.382	+0.079%	$1.2M	$4.9M	20x	as long as short
Lighter XAG	+0.0136%	1h	65.315	−0.023%	$5.3M	$11.1M	25x	as long as short
GRVT XAG_USDT_Perp	+0.0142%	4h	65.325	−0.008%	$391K	$1.6M	25x	as long as short
Hibachi XAG/USDT-P	+0.0152%	1h	65.288	−0.065%	$20K	$18K	10x	as long as short
Nado XAG-PERP	+0.0167%	1h	65.305	−0.038%	$1.2M	$5.1M	10x	as long as short
Bitget XAGUSDT	+0.0170%	4h	65.380	+0.077%	$23.7M	$45.9M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0183%	8h	65.390	+0.092%	$28.1M	$71.0M	50x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.320	−0.015%	$66K	$385K	20x	as long as short
Aftermath Perps XAGUSD	+0.0214%	1h	65.304	−0.039%	$78K	$37K	10x	as long as short
BloFin XAG-USDT	+0.0222%	4h	65.310	−0.031%	$2.6M	$598K	100x	as long as short
Bullet SILVER-USD	+0.0236%	1h	65.346	+0.024%	$44K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.345	+0.023%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0363%	1h	65.299	−0.047%	$1.0M	$878K	25x	as long as short