Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0118%/8h= +13.0% APRpaid last 24h +0.007%

Price spread now: Bybit against Vest−0.633%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Vest Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

Funding pays, the price is against you. Bybit is 0.633% cheaper against Vest than usual: you would sell low and buy high (spread −0.633% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$63 on $10k: about 18 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest SI-PERP	66.632	0.0046	pay 0.0006% / 1h	19m 03s	—	—	25x
Short	Bybit XAGUSDT	66.210	0.0164	get 0.0082% / 4h	19m 03s	$27.0M	$36.0M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Vest. 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 VestbpFee BybitbpOrdersPrice spread, now −0.633%Rate

Funding earned: $24.88
Price spread: −0.633% → 0.000%: −$63.33
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$51.46
Costs to cover: 0.130%
Break-even: 21.5 days

Slippage unknown: Vest: no order-book sample; Bybit: live order book, 5 min ago. Net counts fees only.

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 Vest no order-book sample	—	—	—	—	—
Sell Bybit live order book, 5 min ago	0.75 bp	6.3 bp −$6	8.2 bp −$82	13.1 bp −$1,307	55.2 bp −$27.6K

Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	66.141	−0.737%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.210	−0.633%	$150.2M	$163.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.190	−0.663%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.230	−0.603%	$1.0M	$971K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.200	−0.648%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.131	−0.752%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.186	−0.670%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.131	−0.752%	$5.2M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.348%	$11K	$94K	52x	as long as short
Hotstuff SILVER-PERP	+0.0040%	1h	66.185	−0.671%	$35K	$21K	20x	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	66.180	−0.678%	$796K	$3.1M	40x	as long as short
Ondo Perps XAG-USD.P	+0.0041%	1h	66.100	−0.798%	$5.7M	$9.6M	25x	as long as short
Vest SI-PERPlong	+0.0046%	1h	66.632	long leg	—	—	25x
Polymarket Perps SILVER-USD	+0.0050%	1h	66.162	−0.705%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.130	−0.753%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.170	−0.693%	$115K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0060%	1h	66.143	−0.734%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0070%	24h	66.180	−0.678%	$545K	$25.4M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	66.137	−0.743%	$471K	$615K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.170	−0.693%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.120	−0.768%	$113K	$30K	50x	as long as short
tradeXYZ xyz:SILVER	+0.0123%	1h	66.168	−0.696%	$166.0M	$74.2M	25x	as long as short
RISEx XAG/USDC	+0.0137%	1h	66.196	−0.655%	$1.3M	$4.5M	20x	as long as short
Paradex XAG-USD-PERP	+0.0142%	8h	66.180	−0.679%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0144%	4h	66.202	−0.645%	$2.7M	$877K	100x	as long as short
Bybit XAGUSDTshort	+0.0164%	4h	66.210	−0.633%	$27.0M	$36.0M	150x
Lighter XAG	+0.0176%	1h	66.190	−0.663%	$5.2M	$10.7M	25x	as long as short
Aevo XAG-PERP	+0.0192%	1h	66.196	−0.654%	$48K	—	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.170	−0.693%	$1.8M	$1.0M	20x	as long as short
Nado XAG-PERP	+0.0205%	1h	66.156	−0.715%	$1.4M	$6.4M	10x	as long as short
Variational Omni XAG	+0.0206%	4h	66.183	−0.674%	$5.6M	$9.6M	—	as long as short
MEXC SILVER_USDT	+0.0212%	4h	66.180	−0.678%	$110.0M	$152.7M	1000x	as long as short
Binance XAGUSDT	+0.0212%	4h	66.200	−0.648%	$192.6M	$700.7M	100x	as long as short
Aftermath Perps XAGUSD	+0.0218%	1h	66.161	−0.706%	$80K	$36K	10x	as long as short
edgeX XAGUSDC	+0.0228%	4h	66.187	−0.668%	$672K	$311K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0231%	8h	66.200	−0.648%	$27.8M	$65.2M	50x	as long as short
BloFin XAG-USDT	+0.0243%	4h	66.200	−0.648%	$2.6M	$555K	100x	as long as short
Bitget XAGUSDT	+0.0258%	4h	66.190	−0.663%	$23.9M	$45.3M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0278%	4h	66.198	−0.651%	$389K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0289%	1h	66.203	−0.644%	$44K	$76K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0355%	1h	66.180	−0.678%	$62K	$349K	20x	as long as short
Hibachi XAG/USDT-P	+0.0360%	1h	66.140	−0.738%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0383% / S −0.0424%	1h	66.205	−0.641%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0484%	1h	66.172	−0.691%	$913K	$680K	25x	as long as short