Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0006%/8h= +0.7% APRpaid last 24h +0.006%

Price spread now: Bybit against tradeXYZ+0.057%7-day average +0.089% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

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

costs, in and out, $10k−$310.314% of the position

Long on tradeXYZ Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.091%−$9 on $10k

Price spread, last 7 days+0.029%+$3 · spread now +0.057%, 7d avg +0.089%

Together, before fees−0.062%+ Points / potential airdroptradeXYZ: Active · farm board−$6 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: Bybit is 0.033% cheaper against tradeXYZ than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.089%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:SILVER	65.453	0.0050	pay 0.0006% / 1h	52m 11s	$170.6M	$83.0M	25x
Short	Bybit XAGUSDT	65.490	0.0056	get 0.0028% / 4h	1h 52m	$28.7M	$39.3M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.057%Rate

Funding earned: $1.3
Price spread: +0.057% → +0.089%: −$3.29
Slippage, 4 orders: −$2.44
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$33.43
Costs to cover: 0.314%
Break-even: 187.3 days

Slippage from tradeXYZ: live order book, 7 min ago; Bybit: 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, 7 min ago	0.08 bp	9.1 bp −$9	10.1 bp −$101	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	0.76 bp	6.7 bp −$7	9.1 bp −$91	18.7 bp −$1,865	52.6 bp −$26.3K

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
Hibachi XAG/USDT-P	−0.0112%	1h	65.440	−0.020%	$20K	$19K	10x	as long as short
Hotstuff SILVER-PERP	−0.0104%	1h	65.474	+0.032%	$35K	$21K	20x	as long as short
Ondo Perps XAG-USD.P	−0.0042%	1h	65.370	−0.127%	$5.6M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.471	+0.027%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.490	+0.057%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.510	+0.087%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.500	+0.072%	$1.5M	$281K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.431	−0.034%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0028%	4h	65.500	+0.072%	$143.8M	$177.1M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.474	+0.032%	$4.7M	$9.5M	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	65.435	−0.027%	$5.1M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.447%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.480	+0.041%	$788K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.918	+0.710%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0050%	1h	65.490	+0.057%	$152K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVERlong	+0.0050%	1h	65.453	long leg	$170.6M	$83.0M	25x
Polymarket Perps SILVER-USD	+0.0050%	1h	65.448	−0.008%	$3.9M	$712K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.435	−0.028%	$3K	$6K	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0056%	1h	65.460	+0.011%	$66K	$370K	20x	as long as short
Bybit XAGUSDTshort	+0.0056%	4h	65.490	+0.057%	$28.7M	$39.3M	150x
Aster XAGUSDT	+0.0057%	4h	65.490	+0.057%	$2.7M	$955K	100x	as long as short
Paradex XAG-USD-PERP	+0.0060%	8h	65.479	+0.039%	$29K	$1K	5x	as long as short
RISEx XAG/USDC	+0.0061%	1h	65.487	+0.052%	$1.2M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0061%	1h	65.561	+0.165%	$56K	$31K	25x	as long as short
Kalshi KXSILVERPERP	+0.0077%	24h	65.450	−0.005%	$467K	$29.2M	8.1x	as long as short
Lighter XAG	+0.0096%	1h	65.481	+0.043%	$5.4M	$11.2M	25x	as long as short
Variational Omni XAG	+0.0096%	4h	65.634	+0.276%	$5.5M	$9.4M	—	as long as short
Binance XAGUSDT	+0.0098%	4h	65.480	+0.041%	$188.4M	$750.4M	100x	as long as short
MEXC SILVER_USDT	+0.0098%	4h	65.480	+0.041%	$113.5M	$156.4M	1000x	as long as short
Pacifica XAG	+0.0100%	1h	65.446	−0.011%	$468K	$629K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.460	+0.011%	$24.6M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.610	+0.240%	$112K	$19K	50x	as long as short
Aevo XAG-PERP	+0.0104%	1h	65.473	+0.030%	$47K	—	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0120%	1h	65.430	−0.035%	$1.6M	$1.3M	20x	as long as short
edgeX XAGUSDC	+0.0120%	4h	65.615	+0.248%	$668K	$312K	30x	as long as short
Nado XAG-PERP	+0.0121%	1h	65.465	+0.018%	$1.2M	$5.5M	10x	as long as short
GRVT XAG_USDT_Perp	+0.0142%	4h	65.554	+0.155%	$395K	$1.6M	25x	as long as short
Bullet SILVER-USD	+0.0169%	1h	65.499	+0.070%	$44K	$76K	10x	as long as short
Bitget XAGUSDT	+0.0196%	4h	65.480	+0.041%	$23.8M	$46.4M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0201%	8h	65.480	+0.041%	$27.7M	$70.7M	50x	as long as short
Aftermath Perps XAGUSD	+0.0212%	1h	65.515	+0.094%	$79K	$37K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0321% / S −0.0301%	1h	65.475	+0.034%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0339%	4h	65.520	+0.102%	$2.6M	$618K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0492%	1h	65.447	−0.009%	$917K	$740K	25x	as long as short