Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0137%/8h= +15.0% APRpaid last 24h +0.029%

Price spread now: RISEx against SunX−0.024%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$750.754% of the position

Long on SunX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.069%+$7 on $10k

Price spread, last 4 days (all we have)−0.044%−$4 · spread now −0.024%, 7d avg −0.006%

Together, before fees+0.025%+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.006%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

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	40m 24s	$2K	$2.7M	20x
Short	RISEx XAG/USDC	66.134	0.0137	get 0.0017% / 1h	40m 24s	$1.3M	$4.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.024%Rate

Funding earned: $28.75
Price spread: −0.024% → −0.006%: −$1.77
Slippage, 4 orders: −$61.35
Fee SunX: 4 bp × 2 orders: −$8
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$48.37
Costs to cover: 0.754%
Break-even: 18.8 days

Slippage from SunX: live order book, 7 min ago; RISEx: 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	29.49 bp	33.5 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell RISEx live order book, 4 min ago	1.19 bp	4.2 bp −$4	5.3 bp −$53	doesn't fit	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	66.085	−0.098%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.150	0.000%	$150.2M	$163.2M	100x	as long as short
SunX XAG-USDTlong	0.0000%	4h	66.150	long leg	$2K	$2.7M	20x
HTX XAG-USDT	0.0000%	4h	66.170	+0.030%	$1.0M	$978K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.170	+0.030%	$1.5M	$316K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.070	−0.121%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.114	−0.055%	$4.8M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.058	−0.139%	$5.2M	$11.7M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.378%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.140	−0.015%	$796K	$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	66.557	+0.615%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.101	−0.074%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.066	−0.127%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.010	−0.212%	$5.7M	$9.6M	25x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.130	−0.030%	$115K	$2.7M	20x	as long as short
Hotstuff SILVER-PERP	+0.0056%	1h	66.096	−0.082%	$35K	$21K	20x	as long as short
Phoenix SILVER	+0.0060%	1h	66.069	−0.122%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0068%	24h	66.111	−0.059%	$504K	$25.3M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	66.083	−0.101%	$470K	$616K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.100	−0.076%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.100	−0.076%	$113K	$30K	50x	as long as short
tradeXYZ xyz:SILVER	+0.0133%	1h	66.092	−0.088%	$165.4M	$74.1M	25x	as long as short
RISEx XAG/USDCshort	+0.0137%	1h	66.134	−0.024%	$1.3M	$4.5M	20x
Aster XAGUSDT	+0.0143%	4h	66.134	−0.024%	$2.7M	$877K	100x	as long as short
Bybit XAGUSDT	+0.0148%	4h	66.150	0.000%	$27.0M	$36.1M	150x	as long as short
Paradex XAG-USD-PERP	+0.0150%	8h	66.126	−0.037%	$30K	$1K	5x	as long as short
Nado XAG-PERP	+0.0187%	1h	66.079	−0.107%	$1.3M	$6.5M	10x	as long as short
Aevo XAG-PERP	+0.0192%	1h	66.142	−0.013%	$47K	—	10x	as long as short
Lighter XAG	+0.0200%	1h	66.121	−0.044%	$5.2M	$10.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.130	−0.030%	$1.8M	$1.0M	20x	as long as short
Variational Omni XAG	+0.0202%	4h	66.133	−0.026%	$5.6M	$9.7M	—	as long as short
MEXC SILVER_USDT	+0.0212%	4h	66.130	−0.030%	$109.0M	$152.4M	1000x	as long as short
Binance XAGUSDT	+0.0213%	4h	66.145	−0.008%	$192.8M	$701.2M	100x	as long as short
edgeX XAGUSDC	+0.0226%	4h	66.170	+0.031%	$671K	$310K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0229%	8h	66.130	−0.030%	$27.7M	$65.5M	50x	as long as short
Aftermath Perps XAGUSD	+0.0231%	1h	66.101	−0.074%	$80K	$37K	10x	as long as short
BloFin XAG-USDT	+0.0240%	4h	66.140	−0.015%	$2.6M	$554K	100x	as long as short
Bitget XAGUSDT	+0.0256%	4h	66.140	−0.015%	$23.9M	$45.7M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0276%	4h	66.163	+0.020%	$389K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0313%	1h	66.139	−0.017%	$45K	$75K	10x	as long as short
Hibachi XAG/USDT-P	+0.0344%	1h	66.098	−0.079%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0372% / S −0.0405%	1h	66.145	−0.008%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0485%	1h	66.109	−0.062%	$912K	$676K	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0507%	1h	66.130	−0.030%	$62K	$348K	20x	as long as short