Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0055%/8h= +6.0% APRpaid last 24h +0.019%

Price spread now: tradeXYZ against SunX−0.067%52s7-day average −0.072% · you buy dearer than you sell

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$860.856% of the position

Long on SunX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.135%+$13 on $10k

Price spread, last 4 days (all we have)−0.059%−$6 · spread now −0.067%, 7d avg −0.072%

Together, before fees+0.076%+ Points / potential airdroptradeXYZ: Active · farm board+$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.072%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XAG-USDT	66.070	0	get 0.0000% / 4h	3h 13m	$2K	$2.6M	20x
Short	tradeXYZ xyz:SILVER	66.026	0.0055	get 0.0007% / 1h	13m 34s	$166.3M	$74.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.067%Rate

Funding earned: $11.48
Price spread: −0.067% → −0.072%: $0.49
Slippage, 4 orders: −$59.61
Fee SunX: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$73.64
Costs to cover: 0.856%
Break-even: 51.9 days

Slippage from SunX: live order book, 4 min ago; tradeXYZ: live order book, 6 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, 4 min ago	29.51 bp	33.5 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 6 min ago	0.08 bp	9.1 bp −$9	9.1 bp −$91	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
Ondo Perps XAG-USD.P	−0.0057%	1h	65.960	−0.166%	$5.7M	$9.2M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.989	−0.123%	$14K	$66	5x	as long as short
SunX XAG-USDTlong	0.0000%	4h	66.070	long leg	$2K	$2.6M	20x
HTX XAG-USDT	0.0000%	4h	66.080	+0.015%	$1.0M	$949K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.060	−0.015%	$1.5M	$320K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.993	−0.116%	$120K	—	250x	as long as short
Hotstuff SILVER-PERP	+0.0024%	1h	66.024	−0.070%	$35K	$21K	20x	as long as short
Gate XAG_USDT	+0.0030%	4h	66.070	0.000%	$149.8M	$164.2M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	66.050	−0.030%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.995	−0.113%	$5.2M	$11.5M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.499%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.060	−0.015%	$795K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.477	+0.616%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.026	−0.067%	$3.9M	$676K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.994	−0.115%	$3K	$6K	20x	as long as short
tradeXYZ xyz:SILVERshort	+0.0055%	1h	66.026	−0.067%	$166.3M	$74.0M	25x
Paradex XAG-USD-PERP	+0.0056%	8h	66.044	−0.039%	$30K	$1K	5x	as long as short
QFEX SILVER-USD	+0.0060%	1h	66.050	−0.030%	$114K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0073%	1h	65.996	−0.112%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0073%	24h	66.020	−0.076%	$557K	$26.4M	8.1x	as long as short
RISEx XAG/USDC	+0.0080%	1h	66.061	−0.013%	$1.3M	$4.9M	20x	as long as short
Pacifica XAG	+0.0100%	1h	66.000	−0.106%	$470K	$605K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.020	−0.076%	$24.4M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.010	−0.091%	$113K	$30K	50x	as long as short
Bybit XAGUSDT	+0.0104%	4h	66.080	+0.015%	$27.8M	$36.5M	150x	as long as short
Lighter XAG	+0.0112%	1h	66.049	−0.032%	$5.2M	$10.9M	25x	as long as short
Aster XAGUSDT	+0.0121%	4h	66.065	−0.008%	$2.7M	$866K	100x	as long as short
Variational Omni XAG	+0.0165%	4h	66.053	−0.025%	$5.6M	$9.5M	—	as long as short
BloFin XAG-USDT	+0.0165%	4h	66.060	−0.015%	$2.6M	$563K	100x	as long as short
Aevo XAG-PERP	+0.0168%	1h	66.053	−0.026%	$47K	—	10x	as long as short
MEXC SILVER_USDT	+0.0176%	4h	66.050	−0.030%	$115.0M	$152.7M	1000x	as long as short
Nado XAG-PERP	+0.0177%	1h	66.013	−0.087%	$1.4M	$5.8M	10x	as long as short
Binance XAGUSDT	+0.0177%	4h	66.066	−0.006%	$191.6M	$702.0M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0186%	4h	66.074	+0.006%	$395K	$1.5M	25x	as long as short
edgeX XAGUSDC	+0.0191%	4h	66.054	−0.024%	$670K	$313K	30x	as long as short
Aftermath Perps XAGUSD	+0.0192%	1h	66.046	−0.036%	$80K	$36K	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	66.030	−0.061%	$1.8M	$1.0M	20x	as long as short
OKX XAG-USDT-SWAP	+0.0225%	8h	66.060	−0.015%	$27.7M	$64.6M	50x	as long as short
Bitget XAGUSDT	+0.0226%	4h	66.060	−0.015%	$23.9M	$45.2M	100x	as long as short
Bullet SILVER-USD	+0.0231%	1h	66.064	−0.009%	$44K	$75K	10x	as long as short
Hibachi XAG/USDT-P	+0.0296%	1h	66.020	−0.076%	$20K	$19K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0356%	1h	66.040	−0.045%	$75K	$363K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0388% / S −0.0440%	1h	66.065	−0.008%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0624%	1h	66.029	−0.062%	$911K	$683K	25x	as long as short