Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: SoDEX against SunX−0.097%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 SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 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. SoDEX is 0.097% cheaper against SunX than usual: you would sell low and buy high (spread −0.097% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 6.4 days 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	65.280	0	get 0.0000% / 4h	11m 37s	$2K	$2.4M	20x
Short	SoDEX SILVER-USD	65.217	0.0050	get 0.0006% / 1h	11m 37s	$3K	$6K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.097%Rate

Funding earned: $10.5
Price spread: −0.097% → 0.000%: −$9.65
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$15.15
Costs to cover: 0.160%
Break-even: 17.1 days

Slippage unknown: SunX: live order book, 6 min ago; SoDEX: 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, 6 min ago	501.65 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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
Ondo Perps XAG-USD.P	−0.0028%	1h	65.170	−0.169%	$5.7M	$9.8M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.197	−0.126%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.250	−0.046%	$27.7M	$39.1M	150x	as long as short
Variational Omni XAG	0.0000%	4h	65.125	−0.238%	$5.5M	$9.1M	—	as long as short
SunX XAG-USDTlong	0.0000%	4h	65.280	long leg	$2K	$2.4M	20x
HTX XAG-USDT	0.0000%	4h	65.310	+0.046%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.280	0.000%	$1.5M	$278K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.227	−0.081%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0026%	4h	65.260	−0.031%	$140.6M	$181.5M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.253	−0.041%	$4.6M	$9.9M	25x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XAG-USD	+0.0032%	1h	65.194	−0.132%	$5.0M	$11.8M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.716%	$11K	$94K	52x	as long as short
Binance XAGUSDT	+0.0036%	4h	65.230	−0.077%	$191.6M	$755.5M	100x	as long as short
MEXC SILVER_USDT	+0.0036%	4h	65.240	−0.061%	$126.7M	$162.1M	1000x	as long as short
StandX XAG-USD	+0.0040%	1h	65.250	−0.046%	$785K	$3.0M	40x	as long as short
Aster XAGUSDT	+0.0040%	4h	65.253	−0.041%	$2.7M	$976K	100x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.220	−0.092%	$161K	$1.4M	20x	as long as short
edgeX XAGUSDC	+0.0046%	4h	65.107	−0.264%	$663K	$314K	30x	as long as short
Vest SI-PERP	+0.0046%	1h	65.684	+0.619%	—	—	25x	as long as short
Aevo XAG-PERP	+0.0048%	1h	65.279	−0.001%	$47K	—	10x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.253	−0.041%	$3.8M	$892K	20x	as long as short
SoDEX SILVER-USDshort	+0.0050%	1h	65.217	−0.097%	$3K	$6K	20x
Paradex XAG-USD-PERP	+0.0054%	8h	65.235	−0.068%	$29K	$1K	5x	as long as short
Phoenix SILVER	+0.0061%	1h	65.101	−0.274%	$56K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0069%	1h	65.222	−0.089%	$173.3M	$84.9M	25x	as long as short
Hotstuff SILVER-PERP	+0.0080%	1h	65.220	−0.092%	$35K	$21K	20x	as long as short
Kalshi KXSILVERPERP	+0.0080%	24h	65.255	−0.038%	$483K	$32.2M	8.1x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	64.970	−0.475%	$1.6M	$1.4M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.194	−0.132%	$464K	$600K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.230	−0.077%	$25.3M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.180	−0.153%	$111K	$19K	50x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.245	−0.053%	$1.3M	$4.8M	20x	as long as short
BloFin XAG-USDT	+0.0141%	4h	65.220	−0.092%	$2.7M	$626K	100x	as long as short
GRVT XAG_USDT_Perp	+0.0146%	4h	65.293	+0.020%	$395K	$1.6M	25x	as long as short
Nado XAG-PERP	+0.0156%	1h	65.241	−0.060%	$1.2M	$4.7M	10x	as long as short
Bitget XAGUSDT	+0.0160%	4h	65.250	−0.046%	$23.2M	$44.9M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0173%	8h	65.240	−0.061%	$28.4M	$70.5M	50x	as long as short
Lighter XAG	+0.0184%	1h	65.255	−0.038%	$5.3M	$11.3M	25x	as long as short
Aftermath Perps XAGUSD	+0.0192%	1h	65.133	−0.225%	$78K	$37K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0210%	1h	65.260	−0.031%	$65K	$397K	20x	as long as short
Hibachi XAG/USDT-P	+0.0232%	1h	65.106	−0.267%	$20K	$17K	10x	as long as short
Bullet SILVER-USD	+0.0236%	1h	65.288	+0.012%	$45K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.285	+0.008%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0363%	1h	65.269	−0.017%	$1.0M	$869K	25x	as long as short