Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0133%/8h= −14.6% APRpaid last 24h −0.019%

Price spread now: HTX against tradeXYZ+0.074%49s7-day average +0.110% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as 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−$420.420% of the position

Long on tradeXYZ Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.134%−$13 on $10k

Price spread, last 4 days (all we have)+0.112%+$11 · spread now +0.074%, 7d avg +0.110%

Together, before fees−0.022%+ Points / potential airdroptradeXYZ: Active · farm board−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and HTX is 0.036% cheaper against tradeXYZ than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.110%). Swap the legs. The two prices were read 49 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	tradeXYZ xyz:SILVER	66.091	0.0133	pay 0.0017% / 1h	34m 32s	$165.5M	$74.0M	25x
Short	HTX XAG-USDT	66.140	0	get 0.0000% / 4h	34m 32s	$1.0M	$978K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.074%Rate

Funding earned: −$27.92
Price spread: +0.074% → +0.110%: −$3.6
Slippage, 4 orders: −$12.03
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee HTX: 6 bp × 2 orders: −$12
Net: −$73.55
Costs to cover: 0.420%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 5 min ago; HTX: live order book, 4 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, 5 min ago	0.15 bp	9.5 bp −$9	9.6 bp −$96	11.2 bp −$1,116	doesn't fit
Sell HTX live order book, 4 min ago	5.29 bp	11.3 bp −$11	11.3 bp −$113	14.4 bp −$1,442	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
dYdX XAG-USD	0.0000%	1h	66.022	−0.104%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.140	+0.074%	$150.1M	$163.2M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.110	+0.029%	$2K	$2.7M	20x	as long as short
HTX XAG-USDTshort	0.0000%	4h	66.140	+0.074%	$1.0M	$978K	75x
Phemex XAGUSDT	0.0000%	4h	66.120	+0.044%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.056	−0.053%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.094	+0.004%	$4.7M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.051	−0.061%	$5.2M	$11.7M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.468%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.110	+0.029%	$795K	$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	66.549	+0.693%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.092	+0.002%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.041	−0.076%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.010	−0.123%	$5.7M	$9.6M	25x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.120	+0.044%	$115K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0060%	1h	66.050	−0.062%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0069%	24h	66.065	−0.039%	$518K	$25.5M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	66.068	−0.035%	$470K	$619K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.080	−0.017%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.070	−0.032%	$113K	$30K	50x	as long as short
Hotstuff SILVER-PERP	+0.0120%	1h	66.074	−0.026%	$35K	$21K	20x	as long as short
tradeXYZ xyz:SILVERlong	+0.0133%	1h	66.091	long leg	$165.5M	$74.0M	25x
RISEx XAG/USDC	+0.0137%	1h	66.124	+0.050%	$1.3M	$4.5M	20x	as long as short
Aster XAGUSDT	+0.0145%	4h	66.100	+0.014%	$2.7M	$876K	100x	as long as short
Paradex XAG-USD-PERP	+0.0151%	8h	66.120	+0.044%	$30K	$1K	5x	as long as short
Bybit XAGUSDT	+0.0159%	4h	66.140	+0.074%	$27.0M	$36.2M	150x	as long as short
Nado XAG-PERP	+0.0195%	1h	66.060	−0.048%	$1.3M	$6.5M	10x	as long as short
Lighter XAG	+0.0200%	1h	66.109	+0.028%	$5.2M	$10.5M	25x	as long as short
Aevo XAG-PERP	+0.0200%	1h	66.103	+0.018%	$47K	—	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.130	+0.059%	$1.8M	$999K	20x	as long as short
BloFin XAG-USDT	+0.0201%	4h	66.110	+0.029%	$2.6M	$554K	100x	as long as short
Variational Omni XAG	+0.0210%	4h	66.123	+0.049%	$5.6M	$9.7M	—	as long as short
MEXC SILVER_USDT	+0.0216%	4h	66.120	+0.044%	$109.2M	$152.5M	1000x	as long as short
Binance XAGUSDT	+0.0216%	4h	66.130	+0.059%	$192.8M	$700.9M	100x	as long as short
edgeX XAGUSDC	+0.0220%	4h	66.135	+0.066%	$671K	$311K	30x	as long as short
Aftermath Perps XAGUSD	+0.0230%	1h	66.091	−0.001%	$80K	$37K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0231%	8h	66.130	+0.059%	$27.8M	$65.5M	50x	as long as short
Bitget XAGUSDT	+0.0260%	4h	66.120	+0.044%	$23.8M	$45.7M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0286%	4h	66.160	+0.104%	$389K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0309%	1h	66.129	+0.057%	$45K	$76K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0356%	1h	66.090	−0.002%	$62K	$348K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0375% / S −0.0409%	1h	66.115	+0.036%	$103K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0376%	1h	66.080	−0.017%	$20K	$19K	10x	as long as short
Kraken Futures PF_XAGUSD	+0.0485%	1h	66.067	−0.036%	$911K	$676K	25x	as long as short