Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0008%/8h= −0.9% APRpaid last 24h +0.019%

Price spread now: BloFin against tradeXYZ+0.094%7-day average +0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$350.350% of the position

Long on tradeXYZ Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.278%−$28 on $10k

Price spread, last 3 days (all we have)+0.018%+$2 · spread now +0.094%, 7d avg +0.074%

Together, before fees−0.260%+ Points / potential airdroptradeXYZ: Active · farm board−$26 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 0.021% dearer against tradeXYZ than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:SILVER	66.747	0.0050	pay 0.0006% / 1h	45m 03s	$166.1M	$86.2M	25x
Short	BloFin XAG-USDT	66.810	0.0042	get 0.0021% / 4h	3h 45m	$2.6M	$692K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.094%Rate

Funding earned: −$1.68
Price spread: +0.094% → +0.074%: $2.07
Slippage, 4 orders: −$4.99
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$34.6
Costs to cover: 0.350%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 4 min ago; BloFin: 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 tradeXYZ live order book, 4 min ago	0.30 bp	9.4 bp −$9	10.4 bp −$104	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	0.75 bp	9.2 bp −$9	9.7 bp −$97	10.3 bp −$1,034	14.8 bp −$7,375

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
Hotstuff SILVER-PERP	−0.0032%	1h	66.754	+0.010%	$36K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	66.743	−0.006%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.770	+0.034%	$26.1M	$35.3M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	66.820	+0.109%	$2K	$3.0M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.800	+0.079%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.790	+0.064%	$1.5M	$252K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.734	−0.020%	$121K	—	250x	as long as short
Gate XAG_USDT	+0.0004%	4h	66.780	+0.049%	$155.6M	$166.2M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	66.767	+0.030%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.710	−0.056%	$5.4M	$12.6M	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	−0.520%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.750	+0.004%	$803K	$2.7M	40x	as long as short
BloFin XAG-USDTshort	+0.0042%	4h	66.810	+0.094%	$2.6M	$692K	100x
Vest SI-PERP	+0.0046%	1h	67.235	+0.731%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.733	−0.021%	$57K	$26K	25x	as long as short
tradeXYZ xyz:SILVERlong	+0.0050%	1h	66.747	long leg	$166.1M	$86.2M	25x
Polymarket Perps SILVER-USD	+0.0050%	1h	66.763	+0.024%	$3.9M	$700K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.728	−0.028%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.700	−0.070%	$5.7M	$9.8M	25x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.780	+0.049%	$115K	$2.8M	20x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.740	−0.010%	$573K	$21.9M	8.1x	as long as short
Lighter XAG	+0.0072%	1h	66.774	+0.041%	$5.4M	$10.4M	25x	as long as short
Paradex XAG-USD-PERP	+0.0087%	8h	66.790	+0.065%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0092%	4h	66.785	+0.056%	$5.6M	$9.9M	—	as long as short
Aster XAGUSDT	+0.0098%	4h	66.770	+0.034%	$2.8M	$1.1M	100x	as long as short
Pacifica XAG	+0.0100%	1h	66.744	−0.004%	$476K	$629K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.740	−0.010%	$24.7M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.780	+0.049%	$127K	$26K	50x	as long as short
Binance XAGUSDT	+0.0102%	4h	66.760	+0.019%	$191.8M	$725.0M	100x	as long as short
MEXC SILVER_USDT	+0.0102%	4h	66.750	+0.004%	$108.7M	$157.0M	1000x	as long as short
Aevo XAG-PERP	+0.0104%	1h	66.782	+0.052%	$48K	—	10x	as long as short
edgeX XAGUSDC	+0.0114%	4h	66.841	+0.141%	$678K	$315K	30x	as long as short
GRVT XAG_USDT_Perp	+0.0118%	4h	66.810	+0.094%	$397K	$1.5M	25x	as long as short
Nado XAG-PERP	+0.0136%	1h	66.757	+0.015%	$1.3M	$6.5M	10x	as long as short
RISEx XAG/USDC	+0.0148%	1h	66.803	+0.083%	$1.3M	$4.2M	20x	as long as short
Bitget XAGUSDT	+0.0164%	4h	66.760	+0.019%	$24.8M	$48.7M	100x	as long as short
Aftermath Perps XAGUSD	+0.0176%	1h	66.775	+0.042%	$80K	$40K	10x	as long as short
Bullet SILVER-USD	+0.0183%	1h	66.794	+0.071%	$45K	$75K	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.780	+0.049%	$1.9M	$967K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0188%	8h	66.770	+0.034%	$28.2M	$67.4M	50x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0200%	1h	66.770	+0.034%	$51K	$344K	20x	as long as short
Hibachi XAG/USDT-P	+0.0224%	1h	66.746	−0.002%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.795	+0.072%	$104K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0487%	1h	66.755	+0.012%	$766K	$589K	25x	as long as short