Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0024%/8h= −2.6% APRpaid last 24h +0.017%

Price spread now: MEXC against tradeXYZ+0.006%7-day average +0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$200.204% of the position

Long on tradeXYZ Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.072%−$7 on $10k

Price spread, last 7 days+0.072%+$7 · spread now +0.006%, 7d avg +0.065%

Together, before fees−0.001%+ Points / potential airdroptradeXYZ: Active · farm board$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and MEXC is 0.059% cheaper against tradeXYZ than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.065%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:SILVER	65.276	0.0050	pay 0.0006% / 1h	32m 46s	$169.6M	$81.7M	25x
Short	MEXC SILVER_USDT	65.280	0.0026	get 0.0013% / 4h	32m 46s	$119.1M	$157.4M	1000x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.006%Rate

Funding earned: −$5.04
Price spread: +0.006% → +0.065%: −$5.87
Slippage, 4 orders: −$2.42
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee MEXC: 0 bp × 2 orders: $0
Net: −$31.33
Costs to cover: 0.204%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 7 min ago; MEXC: live order book, 1 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	10.3 bp −$103	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	0.76 bp	0.8 bp −$1	0.8 bp −$8	0.8 bp −$76	2.3 bp −$1,149

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	−0.0056%	1h	65.295	+0.029%	$35K	$21K	20x	as long as short
Ondo Perps XAG-USD.P	−0.0041%	1h	65.240	−0.055%	$5.6M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.297	+0.032%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.290	+0.021%	$27.7M	$39.4M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.320	+0.067%	$2K	$2.5M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.370	+0.144%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.320	+0.067%	$1.5M	$281K	100x	as long as short
Variational Omni XAG	0.0000%	4h	65.332	+0.086%	$5.5M	$9.1M	—	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.268	−0.012%	$118K	—	250x	as long as short
Aster XAGUSDT	+0.0024%	4h	65.300	+0.037%	$2.7M	$928K	100x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SILVER_USDTshort	+0.0026%	4h	65.280	+0.006%	$119.1M	$157.4M	1000x
Binance XAGUSDT	+0.0027%	4h	65.290	+0.021%	$191.5M	$753.8M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.310	+0.052%	$4.6M	$9.8M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.240	−0.056%	$5.1M	$11.6M	10x	as long as short
edgeX XAGUSDC	+0.0032%	4h	65.342	+0.101%	$665K	$313K	30x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.722%	$11K	$94K	52x	as long as short
Gate XAG_USDT	+0.0034%	4h	65.300	+0.037%	$140.7M	$178.3M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.350	+0.113%	$786K	$2.9M	40x	as long as short
Aevo XAG-PERP	+0.0040%	1h	65.316	+0.061%	$47K	—	10x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.330	+0.083%	$157K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.748	+0.723%	—	—	25x	as long as short
tradeXYZ xyz:SILVERlong	+0.0050%	1h	65.276	long leg	$169.6M	$81.7M	25x
Polymarket Perps SILVER-USD	+0.0050%	1h	65.296	+0.031%	$3.8M	$856K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.267	−0.014%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0052%	8h	65.310	+0.053%	$29K	$1K	5x	as long as short
Phoenix SILVER	+0.0061%	1h	65.316	+0.061%	$56K	$31K	25x	as long as short
Kalshi KXSILVERPERP	+0.0079%	24h	65.299	+0.035%	$518K	$31.7M	8.1x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	65.300	+0.037%	$1.6M	$1.4M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.271	−0.008%	$464K	$611K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.270	−0.009%	$25.3M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.310	+0.052%	$112K	$19K	50x	as long as short
BloFin XAG-USDT	+0.0107%	4h	65.350	+0.113%	$2.7M	$574K	100x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.337	+0.093%	$1.2M	$4.8M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0130%	4h	65.372	+0.147%	$384K	$1.6M	25x	as long as short
Bitget XAGUSDT	+0.0152%	4h	65.290	+0.021%	$23.2M	$44.7M	100x	as long as short
Nado XAG-PERP	+0.0159%	1h	65.286	+0.015%	$1.2M	$4.7M	10x	as long as short
Lighter XAG	+0.0160%	1h	65.313	+0.057%	$5.3M	$11.1M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0166%	8h	65.290	+0.021%	$28.1M	$69.8M	50x	as long as short
Aftermath Perps XAGUSD	+0.0182%	1h	65.309	+0.051%	$79K	$37K	10x	as long as short
Hibachi XAG/USDT-P	+0.0184%	1h	65.313	+0.057%	$20K	$17K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0210%	1h	65.310	+0.052%	$65K	$391K	20x	as long as short
Bullet SILVER-USD	+0.0220%	1h	65.339	+0.096%	$45K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.335	+0.090%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0363%	1h	65.292	+0.025%	$1.0M	$868K	25x	as long as short