Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Lighter RH against SunX−0.009%7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$720.722% of the position

Long on SunX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.065%+$6 on $10k

Price spread, last 4 days (all we have)−0.073%−$7 · spread now −0.009%, 7d avg −0.044%

Together, before fees−0.008%+ Points / potential airdropLighter RH: Points live · farm board−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.035% dearer against SunX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XAG-USDT	65.320	0	get 0.0000% / 4h	1h 01m	$2K	$2.6M	20x
Short	Lighter RH XAG	65.314	0.0032	get 0.0004% / 1h	1m 00s	$4.6M	$9.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.009%Rate

Funding earned: $6.72
Price spread: −0.009% → −0.044%: $3.53
Slippage, 4 orders: −$64.23
Fee SunX: 4 bp × 2 orders: −$8
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$61.98
Costs to cover: 0.722%
Break-even: 71.6 days

Slippage from SunX: live order book, 6 min ago; Lighter RH: live order book, 3 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, 6 min ago	29.84 bp	33.8 bp −$34	62.6 bp −$626	doesn't fit	doesn't fit
Sell Lighter RH live order book, 3 min ago	1.79 bp	2.7 bp −$3	3.3 bp −$33	15.7 bp −$1,565	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	−0.0070%	1h	65.220	−0.153%	$5.6M	$9.7M	25x	as long as short
Hotstuff SILVER-PERP	−0.0008%	1h	65.239	−0.124%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	65.233	−0.133%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.330	+0.015%	$27.8M	$39.6M	150x	as long as short
SunX XAG-USDTlong	0.0000%	4h	65.320	long leg	$2K	$2.6M	20x
HTX XAG-USDT	0.0000%	4h	65.380	+0.092%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.340	+0.031%	$1.5M	$281K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.264	−0.086%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0030%	4h	65.340	+0.031%	$141.3M	$184.8M	100x	as long as short
Variational Omni XAG	+0.0031%	4h	65.344	+0.036%	$5.5M	$9.3M	—	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XAGshort	+0.0032%	1h	65.314	−0.009%	$4.6M	$9.8M	25x
Extended XAG-USD	+0.0032%	1h	65.262	−0.088%	$5.1M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.653%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.300	−0.031%	$785K	$2.9M	40x	as long as short
Aster XAGUSDT	+0.0042%	4h	65.328	+0.013%	$2.7M	$977K	100x	as long as short
Vest SI-PERP	+0.0046%	1h	65.725	+0.620%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0050%	1h	65.320	0.000%	$152K	$1.4M	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.291	−0.044%	$3.8M	$854K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.254	−0.101%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0053%	8h	65.325	+0.007%	$29K	$1K	5x	as long as short
MEXC SILVER_USDT	+0.0054%	4h	65.320	0.000%	$116.5M	$158.1M	1000x	as long as short
Binance XAGUSDT	+0.0056%	4h	65.320	0.000%	$191.4M	$763.8M	100x	as long as short
tradeXYZ xyz:SILVER	+0.0061%	1h	65.290	−0.046%	$170.5M	$83.1M	25x	as long as short
RISEx XAG/USDC	+0.0061%	1h	65.333	+0.020%	$1.2M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0061%	1h	65.274	−0.070%	$56K	$31K	25x	as long as short
edgeX XAGUSDC	+0.0064%	4h	65.236	−0.128%	$664K	$314K	30x	as long as short
Aevo XAG-PERP	+0.0072%	1h	65.317	−0.004%	$47K	—	10x	as long as short
Kalshi KXSILVERPERP	+0.0079%	24h	65.291	−0.044%	$477K	$31.2M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	65.275	−0.069%	$468K	$625K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.290	−0.046%	$25.3M	$5.0M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.310	−0.015%	$112K	$19K	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0120%	1h	65.230	−0.138%	$1.6M	$1.4M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0140%	4h	65.286	−0.052%	$391K	$1.6M	25x	as long as short
Nado XAG-PERP	+0.0152%	1h	65.293	−0.042%	$1.2M	$5.1M	10x	as long as short
Lighter XAG	+0.0168%	1h	65.319	−0.002%	$5.3M	$11.6M	25x	as long as short
Hibachi XAG/USDT-P	+0.0168%	1h	65.237	−0.127%	$20K	$19K	10x	as long as short
Bitget XAGUSDT	+0.0170%	4h	65.320	0.000%	$23.7M	$46.2M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0184%	8h	65.340	+0.031%	$28.1M	$71.1M	50x	as long as short
Bullet SILVER-USD	+0.0207%	1h	65.327	+0.011%	$44K	$75K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0210%	1h	65.300	−0.031%	$66K	$385K	20x	as long as short
Aftermath Perps XAGUSD	+0.0213%	1h	65.292	−0.042%	$78K	$37K	10x	as long as short
BloFin XAG-USDT	+0.0224%	4h	65.310	−0.015%	$2.6M	$598K	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.325	+0.008%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0493%	1h	65.305	−0.022%	$1.0M	$877K	25x	as long as short