Settings8H · net · $10k
Funding arb · Price arb /

XAG

RWAall XAG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0046%/8h= +5.0% APRnext payment +$0.06 per $10,000 · paid last 24h +0.036%
Price spread now: Coinbase International against tradeXYZ−0.006%7-day average +0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$320.321% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.121%+$12 on $10k
Price spread, last 4 days (all we have)+0.080%+$8 · spread now −0.006%, 7d avg +0.028%
Together, before fees+0.201%+ Points / potential airdroptradeXYZ: Active · farm board+$20 on $10k · with fees, hour by hour
Funding pays, the price is against you. Coinbase International is 0.034% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.006% now, against its 7-day average of +0.028%). If the spread goes back, that is −$3 on $10k: about 2.5 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongtradeXYZ xyz:SILVER65.3040.0050pay 0.0006% / 1h34m 07s$169.7M$81.6M25x
ShortCoinbase International SILVER-PERP-INTX65.3000.0096get 0.0012% / 1h34m 07s$1.6M$1.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Funding earned
$9.66
Price spread: −0.006% → +0.028%
−$3.41
Slippage, 4 orders
−$4.05
Fee tradeXYZ: 9 bp × 2 orders
−$18
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$25.8
Costs to cover
0.321%
Break-even
25.7 days
Slippage from tradeXYZ: live order book, 6 min ago; Coinbase International: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy tradeXYZ live order book, 6 min ago0.08 bp9.1 bp −$910.3 bp −$103doesn't fitdoesn't fit
Sell Coinbase International live order book, 4 min ago0.77 bp5.8 bp −$67.3 bp −$73doesn't fitdoesn't fit

XAG on 44 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps XAG-USD.P−0.0041%1h65.240−0.098%$5.6M$9.7M25xas long as short
dYdX XAG-USD0.0000%1h65.297−0.011%$12K$5K5xas long as short
Bybit XAGUSDT0.0000%4h65.350+0.070%$27.8M$39.4M150xas long as short
SunX XAG-USDT0.0000%4h65.340+0.055%$2K$2.5M20xas long as short
HTX XAG-USDT0.0000%4h65.390+0.132%$1.1M$1.3M75xas long as short
Phemex XAGUSDT0.0000%4h65.340+0.055%$1.5M$281K100xas long as short
Variational Omni XAG0.0000%4h65.332+0.043%$5.5M$9.1Mas long as short
gTrade (Gains Network) XAG/USDL +0.0004% / S −0.0006%1h65.298−0.009%$118K250xas long as short
Aster XAGUSDT+0.0024%4h65.348+0.067%$2.7M$928K100xas long as short
Hotstuff SILVER-PERP+0.0024%1h65.316+0.018%$35K$21K20xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC SILVER_USDT+0.0026%4h65.340+0.055%$118.8M$157.3M1000xas long as short
Binance XAGUSDT+0.0027%4h65.340+0.056%$191.7M$753.5M100xas long as short
Lighter RH XAG+0.0032%1h65.341+0.057%$4.6M$9.8M25xas long as short
Extended XAG-USD+0.0032%1h65.297−0.010%$5.1M$11.6M10xas long as short
Gate XAG_USDT+0.0032%4h65.360+0.086%$140.8M$178.2M100xas long as short
edgeX XAGUSDC+0.0032%4h65.342+0.058%$665K$313K30xas long as short
Injective XAG/USDC PERP+0.0033%1h66.400+1.678%$11K$94K52xas long as short
StandX XAG-USD+0.0040%1h65.350+0.070%$786K$2.9M40xas long as short
QFEX SILVER-USD+0.0044%1h65.330+0.040%$157K$1.4M20xas long as short
Vest SI-PERP+0.0046%1h65.766+0.707%25xas long as short
Aevo XAG-PERP+0.0048%1h65.341+0.056%$47K10xas long as short
tradeXYZ xyz:SILVERlong+0.0050%1h65.304long leg$169.7M$81.6M25x
Polymarket Perps SILVER-USD+0.0050%1h65.316+0.018%$3.8M$856K20xas long as short
SoDEX SILVER-USD+0.0050%1h65.290−0.021%$3K$6K20xas long as short
Paradex XAG-USD-PERP+0.0052%8h65.322+0.028%$29K$1K5xas long as short
Phoenix SILVER+0.0061%1h65.297−0.011%$56K$31K25xas long as short
Kalshi KXSILVERPERP+0.0079%24h65.329+0.038%$530K$31.8M8.1xas long as short
Coinbase International SILVER-PERP-INTXshort+0.0096%1h65.300−0.006%$1.6M$1.4M20x
Pacifica XAG+0.0100%1h65.288−0.024%$465K$611K10xas long as short
KuCoin XAGUSDTM+0.0100%4h65.310+0.009%$25.3M$4.7M75xas long as short
ApeX Omni XAGUSDT+0.0100%1h65.310+0.009%$112K$19K50xas long as short
BloFin XAG-USDT+0.0111%4h65.360+0.086%$2.7M$575K100xas long as short
RISEx XAG/USDC+0.0118%1h65.353+0.076%$1.2M$4.8M20xas long as short
GRVT XAG_USDT_Perp+0.0128%4h65.357+0.081%$384K$1.6M25xas long as short
Bitget XAGUSDT+0.0154%4h65.340+0.055%$23.2M$44.7M100xas long as short
Nado XAG-PERP+0.0160%1h65.3040.000%$1.2M$4.7M10xas long as short
Lighter XAG+0.0160%1h65.349+0.068%$5.3M$11.1M25xas long as short
OKX XAG-USDT-SWAP+0.0167%8h65.330+0.040%$28.2M$69.8M50xas long as short
Aftermath Perps XAGUSD+0.0182%1h65.330+0.040%$79K$37K10xas long as short
Hibachi XAG/USDT-P+0.0184%1h65.330+0.039%$20K$17K10xas long as short
Deribit SILVER_USDC-PERPETUAL+0.0209%1h65.340+0.055%$65K$390K20xas long as short
Bullet SILVER-USD+0.0220%1h65.359+0.085%$45K$75K10xas long as short
GMX SILVER/USD [ETH-USDC]L +0.0238% / S −0.0196%1h65.345+0.063%$93K111xas long as short
Kraken Futures PF_XAGUSD+0.0363%1h65.320+0.024%$1.0M$868K25xas long as short