Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against SunX+0.045%7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$890.887% of the position

Long on SunX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.030%−$3 · spread now +0.045%, 7d avg +0.038%

Together, before fees−0.030%−$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XAG-USDT	66.150	0	get 0.0000% / 4h	2h 50m	$2K	$2.6M	20x
Short	HTX XAG-USDT	66.180	0	get 0.0000% / 4h	2h 50m	$1.1M	$1.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.045%Rate

Funding earned: $0
Price spread: +0.045% → +0.038%: $0.74
Slippage, 4 orders: −$68.68
Fee SunX: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$87.94
Costs to cover: 0.887%
Break-even: never at this rate

Slippage from SunX: live order book, 7 min ago; HTX: live order book, 4 min ago.

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, 7 min ago	29.52 bp	33.5 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 4 min ago	4.54 bp	11.1 bp −$11	12.0 bp −$120	14.1 bp −$1,405	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
Ondo Perps XAG-USD.P	−0.0026%	1h	66.040	−0.166%	$5.7M	$9.3M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	66.104	−0.070%	$14K	$66	5x	as long as short
SunX XAG-USDTlong	0.0000%	4h	66.150	long leg	$2K	$2.6M	20x
HTX XAG-USDTshort	0.0000%	4h	66.180	+0.045%	$1.1M	$1.1M	75x
Phemex XAGUSDT	0.0000%	4h	66.160	+0.015%	$1.5M	$257K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.093	−0.086%	$121K	—	250x	as long as short
RISEx XAG/USDC	+0.0030%	1h	66.159	+0.013%	$1.3M	$4.8M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	66.141	−0.013%	$4.8M	$9.3M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.095	−0.083%	$5.2M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.378%	$11K	$94K	52x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix SILVER	+0.0036%	1h	66.018	−0.200%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	66.160	+0.015%	$796K	$3.0M	40x	as long as short
Gate XAG_USDT	+0.0044%	4h	66.170	+0.030%	$149.9M	$153.9M	100x	as long as short
Vest SI-PERP	+0.0046%	1h	66.581	+0.652%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.122	−0.042%	$3.9M	$676K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.091	−0.089%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.130	−0.030%	$114K	$2.7M	20x	as long as short
Paradex XAG-USD-PERP	+0.0054%	8h	66.139	−0.017%	$30K	$1K	5x	as long as short
Kalshi KXSILVERPERP	+0.0075%	24h	66.126	−0.036%	$513K	$26.7M	8.1x	as long as short
tradeXYZ xyz:SILVER	+0.0079%	1h	66.121	−0.044%	$166.7M	$73.8M	25x	as long as short
Bybit XAGUSDT	+0.0092%	4h	66.160	+0.015%	$27.8M	$36.4M	150x	as long as short
Pacifica XAG	+0.0100%	1h	66.102	−0.073%	$471K	$605K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.120	−0.045%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.060	−0.136%	$113K	$30K	50x	as long as short
Aster XAGUSDT	+0.0113%	4h	66.151	+0.002%	$2.7M	$873K	100x	as long as short
Lighter XAG	+0.0144%	1h	66.147	−0.005%	$5.2M	$10.6M	25x	as long as short
Variational Omni XAG	+0.0151%	4h	66.143	−0.010%	$5.7M	$9.5M	—	as long as short
Aevo XAG-PERP	+0.0152%	1h	66.143	−0.010%	$47K	—	10x	as long as short
BloFin XAG-USDT	+0.0156%	4h	66.120	−0.045%	$2.6M	$571K	100x	as long as short
Binance XAGUSDT	+0.0165%	4h	66.150	−0.001%	$191.3M	$703.3M	100x	as long as short
MEXC SILVER_USDT	+0.0166%	4h	66.140	−0.015%	$116.4M	$151.8M	1000x	as long as short
Nado XAG-PERP	+0.0169%	1h	66.118	−0.048%	$1.4M	$5.6M	10x	as long as short
edgeX XAGUSDC	+0.0172%	4h	66.086	−0.097%	$671K	$311K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.980	−0.257%	$1.8M	$1.0M	20x	as long as short
Aftermath Perps XAGUSD	+0.0198%	1h	66.063	−0.131%	$79K	$36K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0204%	1h	66.130	−0.030%	$74K	$364K	20x	as long as short
GRVT XAG_USDT_Perp	+0.0212%	4h	66.113	−0.056%	$395K	$1.5M	25x	as long as short
Bitget XAGUSDT	+0.0222%	4h	66.160	+0.015%	$24.0M	$44.9M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0222%	8h	66.160	+0.015%	$27.8M	$64.7M	50x	as long as short
Bullet SILVER-USD	+0.0234%	1h	66.167	+0.026%	$44K	$76K	10x	as long as short
Hotstuff SILVER-PERP	+0.0240%	1h	66.123	−0.041%	$35K	$21K	20x	as long as short
Hibachi XAG/USDT-P	+0.0328%	1h	66.096	−0.082%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0388% / S −0.0443%	1h	66.155	+0.008%	$106K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0466%	1h	66.123	−0.041%	$909K	$688K	25x	as long as short