Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h −0.019%

Price spread now: SunX against tradeXYZ+0.067%7-day average +0.072% · you sell dearer than you buy

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$860.856% of the position

Long on tradeXYZ Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.135%−$13 on $10k

Price spread, last 4 days (all we have)+0.058%+$6 · spread now +0.067%, 7d avg +0.072%

Together, before fees−0.076%+ Points / potential airdroptradeXYZ: Active · farm board−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.072%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:SILVER	66.036	0.0060	pay 0.0008% / 1h	4m 08s	$166.3M	$73.9M	25x
Short	SunX XAG-USDT	66.080	0	get 0.0000% / 4h	3h 04m	$2K	$2.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.067%Rate

Funding earned: −$12.68
Price spread: +0.067% → +0.072%: −$0.49
Slippage, 4 orders: −$59.63
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee SunX: 4 bp × 2 orders: −$8
Net: −$98.79
Costs to cover: 0.856%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 5 min ago; SunX: 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, 5 min ago	0.08 bp	9.2 bp −$9	9.2 bp −$92	10.7 bp −$1,068	doesn't fit
Sell SunX live order book, 3 min ago	29.52 bp	33.5 bp −$34	doesn't fit	doesn't fit	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
Ondo Perps XAG-USD.P	−0.0050%	1h	65.960	−0.115%	$5.7M	$9.2M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.989	−0.072%	$14K	$66	5x	as long as short
SunX XAG-USDTshort	0.0000%	4h	66.080	+0.067%	$2K	$2.6M	20x
HTX XAG-USDT	0.0000%	4h	66.100	+0.097%	$1.1M	$1.0M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.080	+0.067%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.010	−0.039%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.064	+0.042%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.012	−0.037%	$5.2M	$11.5M	10x	as long as short
Hotstuff SILVER-PERP	+0.0032%	1h	66.027	−0.014%	$35K	$21K	20x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.551%	$11K	$94K	52x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	66.060	+0.036%	$795K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.491	+0.689%	—	—	25x	as long as short
Gate XAG_USDT	+0.0048%	4h	66.090	+0.082%	$149.9M	$164.4M	100x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.035	−0.002%	$3.9M	$676K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.009	−0.041%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0056%	8h	66.057	+0.032%	$30K	$1K	5x	as long as short
QFEX SILVER-USD	+0.0060%	1h	66.050	+0.021%	$114K	$2.7M	20x	as long as short
tradeXYZ xyz:SILVERlong	+0.0060%	1h	66.036	long leg	$166.3M	$73.9M	25x
Phoenix SILVER	+0.0073%	1h	65.995	−0.062%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0074%	24h	66.036	0.000%	$530K	$26.7M	8.1x	as long as short
RISEx XAG/USDC	+0.0080%	1h	66.076	+0.061%	$1.3M	$4.9M	20x	as long as short
Pacifica XAG	+0.0100%	1h	66.008	−0.042%	$470K	$604K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.040	+0.006%	$24.4M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.990	−0.070%	$113K	$30K	50x	as long as short
Bybit XAGUSDT	+0.0112%	4h	66.090	+0.082%	$27.8M	$36.5M	150x	as long as short
Lighter XAG	+0.0120%	1h	66.068	+0.048%	$5.2M	$10.9M	25x	as long as short
Aster XAGUSDT	+0.0120%	4h	66.050	+0.021%	$2.7M	$866K	100x	as long as short
Variational Omni XAG	+0.0164%	4h	66.053	+0.026%	$5.7M	$9.5M	—	as long as short
Aevo XAG-PERP	+0.0168%	1h	66.063	+0.041%	$47K	—	10x	as long as short
MEXC SILVER_USDT	+0.0174%	4h	66.070	+0.051%	$115.1M	$152.9M	1000x	as long as short
Binance XAGUSDT	+0.0174%	4h	66.078	+0.064%	$191.0M	$703.1M	100x	as long as short
edgeX XAGUSDC	+0.0182%	4h	66.013	−0.035%	$670K	$311K	30x	as long as short
Nado XAG-PERP	+0.0187%	1h	66.027	−0.013%	$1.4M	$5.8M	10x	as long as short
BloFin XAG-USDT	+0.0196%	4h	66.060	+0.036%	$2.6M	$570K	100x	as long as short
Aftermath Perps XAGUSD	+0.0198%	1h	66.022	−0.021%	$79K	$36K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0204%	1h	66.050	+0.021%	$75K	$363K	20x	as long as short
GRVT XAG_USDT_Perp	+0.0208%	4h	66.053	+0.026%	$394K	$1.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	65.980	−0.085%	$1.8M	$1.0M	20x	as long as short
OKX XAG-USDT-SWAP	+0.0223%	8h	66.080	+0.067%	$27.8M	$64.6M	50x	as long as short
Bitget XAGUSDT	+0.0228%	4h	66.080	+0.067%	$24.0M	$44.9M	100x	as long as short
Bullet SILVER-USD	+0.0237%	1h	66.080	+0.067%	$44K	$75K	10x	as long as short
Hibachi XAG/USDT-P	+0.0304%	1h	66.020	−0.024%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0387% / S −0.0440%	1h	66.075	+0.059%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0623%	1h	66.045	+0.014%	$911K	$685K	25x	as long as short