Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0072%/8h= +7.9% APRpaid last 24h +0.034%

Price spread now: Aevo against SunX−0.032%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 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

Funding pays, the price is against you. Aevo is 0.032% cheaper against SunX than usual: you would sell low and buy high (spread −0.032% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 36 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XAG-USDT	65.130	0	get 0.0000% / 4h	3h 47m	$2K	$2.4M	20x
Short	Aevo XAG-PERP	65.109	0.0072	get 0.0009% / 1h	47m 28s	$47K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against SunX. 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 SunXbpFee AevobpOrdersPrice spread, now −0.032%Rate

Funding earned: $15.12
Price spread: −0.032% → 0.000%: −$3.2
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$12.08
Costs to cover: 0.240%
Break-even: 12.6 days

Slippage unknown: SunX: live order book, 10 min ago; Aevo: no order-book sample. 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 SunX live order book, 10 min ago	29.97 bp	34.0 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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	65.046	−0.129%	$12K	$5K	5x	as long as short
SunX XAG-USDTlong	0.0000%	4h	65.130	long leg	$2K	$2.4M	20x
HTX XAG-USDT	0.0000%	4h	65.160	+0.046%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.120	−0.015%	$1.5M	$291K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.070	−0.092%	$118K	—	250x	as long as short
Variational Omni XAG	+0.0022%	4h	65.154	+0.037%	$5.4M	$9.1M	—	as long as short
Lighter RH XAG	+0.0032%	1h	65.110	−0.030%	$4.6M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.048	−0.126%	$4.9M	$11.8M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.950%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.070	−0.092%	$783K	$3.0M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SI-PERP	+0.0046%	1h	65.533	+0.619%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0047%	1h	65.130	0.000%	$174K	$1.4M	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.068	−0.095%	$3.8M	$890K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.044	−0.132%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	65.020	−0.169%	$5.6M	$9.8M	25x	as long as short
Paradex XAG-USD-PERP	+0.0059%	8h	65.107	−0.035%	$29K	$166	5x	as long as short
MEXC SILVER_USDT	+0.0060%	4h	65.140	+0.015%	$125.0M	$156.0M	1000x	as long as short
Binance XAGUSDT	+0.0062%	4h	65.142	+0.018%	$193.6M	$762.3M	100x	as long as short
edgeX XAGUSDC	+0.0065%	4h	65.127	−0.004%	$663K	$314K	30x	as long as short
Aster XAGUSDT	+0.0071%	4h	65.120	−0.015%	$2.6M	$997K	100x	as long as short
Aevo XAG-PERPshort	+0.0072%	1h	65.109	−0.032%	$47K	—	10x
Bybit XAGUSDT	+0.0072%	4h	65.150	+0.031%	$27.4M	$39.2M	150x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0080%	1h	65.010	−0.184%	$1.6M	$1.4M	20x	as long as short
Kalshi KXSILVERPERP	+0.0082%	24h	65.098	−0.049%	$480K	$33.4M	8.1x	as long as short
Hotstuff SILVER-PERP	+0.0096%	1h	65.075	−0.084%	$35K	$21K	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.068	−0.095%	$463K	$592K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.090	−0.061%	$25.2M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.050	−0.123%	$111K	$19K	50x	as long as short
Gate XAG_USDT	+0.0110%	4h	65.150	+0.031%	$139.9M	$179.4M	100x	as long as short
Phoenix SILVER	+0.0111%	1h	65.067	−0.097%	$55K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0151%	1h	65.108	−0.034%	$174.0M	$85.9M	25x	as long as short
Nado XAG-PERP	+0.0152%	1h	65.055	−0.115%	$1.2M	$4.6M	10x	as long as short
RISEx XAG/USDC	+0.0158%	1h	65.121	−0.013%	$1.3M	$4.9M	20x	as long as short
Bitget XAGUSDT	+0.0188%	4h	65.140	+0.015%	$23.3M	$45.1M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0190%	8h	65.160	+0.046%	$28.6M	$72.3M	50x	as long as short
Aftermath Perps XAGUSD	+0.0206%	1h	65.074	−0.086%	$78K	$37K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0211%	1h	65.090	−0.061%	$77K	$417K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.125	−0.008%	$92K	—	111x	as long as short
BloFin XAG-USDT	+0.0241%	4h	65.130	0.000%	$2.7M	$631K	100x	as long as short
Lighter XAG	+0.0248%	1h	65.109	−0.032%	$5.3M	$10.8M	25x	as long as short
Hibachi XAG/USDT-P	+0.0288%	1h	65.070	−0.092%	$20K	$15K	10x	as long as short
Bullet SILVER-USD	+0.0323%	1h	65.148	+0.028%	$45K	$75K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0396%	4h	65.138	+0.012%	$391K	$1.6M	25x	as long as short
Kraken Futures PF_XAGUSD	+0.0418%	1h	65.094	−0.056%	$1.0M	$868K	25x	as long as short