Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h −0.024%

Price spread now: Bybit against Aftermath Perps+0.056%7-day average — · you sell dearer than you buy

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

Long on Aftermath Perps 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—needs both histories

The price spread pays, funding is against you. Bybit is 0.056% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.056% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps XAGUSD	66.033	0.0186	pay 0.0023% / 1h	18m 33s	$79K	$36K	10x
Short	Bybit XAGUSDT	66.070	0.0118	get 0.0059% / 4h	3h 18m	$27.8M	$36.6M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Aftermath Perps. 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 Aftermath PerpsbpFee BybitbpOrdersPrice spread, now +0.056%Rate

Funding earned: −$14.19
Price spread: +0.056% → 0.000%: $5.56
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$28.63
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Bybit live order book, 5 min ago	0.76 bp	6.3 bp −$6	8.5 bp −$85	17.1 bp −$1,712	62.9 bp −$31.4K

Aftermath Perps: 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
Ondo Perps XAG-USD.P	−0.0063%	1h	65.950	−0.126%	$5.7M	$9.3M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.989	−0.068%	$14K	$66	5x	as long as short
SunX XAG-USDT	0.0000%	4h	66.100	+0.101%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.100	+0.101%	$1.0M	$949K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.090	+0.086%	$1.5M	$320K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.989	−0.066%	$120K	—	250x	as long as short
Gate XAG_USDT	+0.0004%	4h	66.080	+0.071%	$149.9M	$164.0M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	66.060	+0.040%	$4.7M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.009	−0.037%	$5.2M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.555%	$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	66.090	+0.086%	$795K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.481	+0.678%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.014	−0.029%	$166.3M	$74.0M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.013	−0.031%	$3.9M	$674K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.025	−0.013%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0056%	8h	66.048	+0.023%	$30K	$1K	5x	as long as short
QFEX SILVER-USD	+0.0060%	1h	66.050	+0.025%	$114K	$2.7M	20x	as long as short
Hotstuff SILVER-PERP	+0.0072%	1h	66.049	+0.024%	$35K	$21K	20x	as long as short
Phoenix SILVER	+0.0073%	1h	65.995	−0.058%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0073%	24h	66.054	+0.031%	$518K	$26.1M	8.1x	as long as short
RISEx XAG/USDC	+0.0080%	1h	66.069	+0.054%	$1.3M	$4.9M	20x	as long as short
Pacifica XAG	+0.0100%	1h	66.013	−0.031%	$470K	$605K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.010	−0.035%	$24.4M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.030	−0.005%	$113K	$30K	50x	as long as short
Lighter XAG	+0.0104%	1h	66.061	+0.042%	$5.2M	$10.8M	25x	as long as short
Bybit XAGUSDTshort	+0.0118%	4h	66.070	+0.056%	$27.8M	$36.6M	150x
Aster XAGUSDT	+0.0123%	4h	66.053	+0.029%	$2.7M	$866K	100x	as long as short
Aevo XAG-PERP	+0.0168%	1h	66.073	+0.060%	$47K	—	10x	as long as short
Nado XAG-PERP	+0.0170%	1h	66.023	−0.016%	$1.4M	$5.8M	10x	as long as short
BloFin XAG-USDT	+0.0170%	4h	66.060	+0.040%	$2.6M	$563K	100x	as long as short
Variational Omni XAG	+0.0171%	4h	66.073	+0.061%	$5.7M	$9.5M	—	as long as short
GRVT XAG_USDT_Perp	+0.0178%	4h	66.085	+0.078%	$395K	$1.5M	25x	as long as short
Binance XAGUSDT	+0.0178%	4h	66.057	+0.036%	$190.8M	$701.9M	100x	as long as short
MEXC SILVER_USDT	+0.0180%	4h	66.050	+0.025%	$114.9M	$152.7M	1000x	as long as short
Aftermath Perps XAGUSDlong	+0.0186%	1h	66.033	long leg	$79K	$36K	10x
edgeX XAGUSDC	+0.0187%	4h	66.071	+0.057%	$670K	$311K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	66.030	−0.005%	$1.8M	$1.0M	20x	as long as short
OKX XAG-USDT-SWAP	+0.0225%	8h	66.050	+0.025%	$27.7M	$64.6M	50x	as long as short
Bullet SILVER-USD	+0.0226%	1h	66.055	+0.034%	$45K	$75K	10x	as long as short
Bitget XAGUSDT	+0.0226%	4h	66.050	+0.025%	$23.9M	$45.2M	100x	as long as short
Hibachi XAG/USDT-P	+0.0296%	1h	66.042	+0.014%	$20K	$19K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0356%	1h	66.080	+0.071%	$75K	$363K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0388% / S −0.0440%	1h	66.095	+0.094%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0623%	1h	66.056	+0.034%	$912K	$683K	25x	as long as short