Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0088%/8h= +9.7% APRpaid last 24h +0.042%

Price spread now: Bitget against tradeXYZ+0.063%7-day average +0.080% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$330.333% of the position

Long on tradeXYZ Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 7 days+0.006%+$1 · spread now +0.063%, 7d avg +0.080%

Together, before fees−0.007%+ Points / potential airdroptradeXYZ: Active · farm board−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.080%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:SILVER	65.179	0.0136	pay 0.0017% / 1h	17m 26s	$173.8M	$89.2M	25x
Short	Bitget XAGUSDT	65.220	0.0224	get 0.0112% / 4h	3h 17m	$23.0M	$48.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against tradeXYZ. 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 tradeXYZbpFee BitgetbpOrdersPrice spread, now +0.063%Rate

Funding earned: $18.54
Price spread: +0.063% → +0.080%: −$1.67
Slippage, 4 orders: −$3.29
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$16.42
Costs to cover: 0.333%
Break-even: 13.2 days

Slippage from tradeXYZ: live order book, 13 min ago; Bitget: live order book, 2 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 tradeXYZ live order book, 13 min ago	0.15 bp	9.2 bp −$9	9.8 bp −$98	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	0.77 bp	7.5 bp −$8	9.3 bp −$93	17.7 bp −$1,767	39.9 bp −$19.9K

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	65.154	−0.038%	$12K	$6K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.140	−0.060%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.220	+0.063%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.190	+0.017%	$1.5M	$346K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.064	−0.177%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0022%	4h	65.230	+0.078%	$138.1M	$189.1M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.207	+0.042%	$4.6M	$9.9M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.145	−0.052%	$5.0M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	64.602	−0.885%	$11K	$240	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.080	−0.152%	$783K	$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	65.617	+0.672%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0047%	1h	65.210	+0.048%	$446K	$1.5M	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.183	+0.006%	$3.8M	$890K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.088	−0.140%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	65.130	−0.075%	$5.6M	$10.1M	25x	as long as short
Variational Omni XAG	+0.0065%	4h	65.026	−0.235%	$5.4M	$9.2M	—	as long as short
Paradex XAG-USD-PERP	+0.0077%	8h	65.207	+0.043%	$29K	$166	5x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0080%	1h	65.090	−0.137%	$1.6M	$1.5M	20x	as long as short
Kalshi KXSILVERPERP	+0.0087%	24h	65.183	+0.006%	$512K	$35.3M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	65.166	−0.020%	$463K	$587K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.180	+0.002%	$25.1M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	64.920	−0.397%	$111K	$19K	50x	as long as short
edgeX XAGUSDC	+0.0103%	4h	65.057	−0.186%	$663K	$315K	30x	as long as short
MEXC SILVER_USDT	+0.0104%	4h	65.220	+0.063%	$112.5M	$160.8M	1000x	as long as short
Aevo XAG-PERP	+0.0104%	1h	65.159	−0.031%	$47K	—	10x	as long as short
Binance XAGUSDT	+0.0108%	4h	65.228	+0.076%	$198.9M	$793.9M	100x	as long as short
Phoenix SILVER	+0.0111%	1h	65.136	−0.066%	$56K	$31K	25x	as long as short
Aster XAGUSDT	+0.0126%	4h	65.245	+0.102%	$2.7M	$1.1M	100x	as long as short
Hotstuff SILVER-PERP	+0.0128%	1h	65.171	−0.012%	$35K	$21K	20x	as long as short
tradeXYZ xyz:SILVERlong	+0.0136%	1h	65.179	long leg	$173.8M	$89.2M	25x
RISEx XAG/USDC	+0.0158%	1h	65.240	+0.094%	$1.2M	$4.9M	20x	as long as short
Nado XAG-PERP	+0.0166%	1h	65.179	0.000%	$1.2M	$4.2M	10x	as long as short
OKX XAG-USDT-SWAP	+0.0212%	8h	65.230	+0.078%	$29.1M	$76.7M	50x	as long as short
Aftermath Perps XAGUSD	+0.0213%	1h	64.944	−0.361%	$78K	$37K	10x	as long as short
Bitget XAGUSDTshort	+0.0224%	4h	65.220	+0.063%	$23.0M	$48.1M	100x
Lighter XAG	+0.0232%	1h	65.192	+0.020%	$5.2M	$11.3M	25x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.145	−0.052%	$92K	—	111x	as long as short
Bullet SILVER-USD	+0.0311%	1h	65.224	+0.069%	$45K	$75K	10x	as long as short
BloFin XAG-USDT	+0.0345%	4h	65.070	−0.167%	$2.8M	$698K	100x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0365%	1h	65.130	−0.075%	$77K	$435K	20x	as long as short
Hibachi XAG/USDT-P	+0.0376%	1h	65.063	−0.178%	$20K	$12K	10x	as long as short
Bybit XAGUSDT	+0.0382%	4h	65.240	+0.094%	$30.4M	$43.8M	150x	as long as short
GRVT XAG_USDT_Perp	+0.0406%	4h	65.100	−0.121%	$388K	$1.6M	25x	as long as short
Kraken Futures PF_XAGUSD	+0.0418%	1h	65.139	−0.061%	$1.0M	$895K	25x	as long as short