Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0113%/8h= +12.4% APRpaid last 24h +0.038%

Price spread now: Bullet against Aster+0.105%7-day average — · you sell dearer than you buy

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

Long on Aster Short on Bullet

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 airdropAster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bullet is 0.105% dearer against Aster than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XAGUSDT	65.430	0.0055	pay 0.0028% / 4h	1h 51m	$2.7M	$955K	100x
Short	Bullet SILVER-USD	65.499	0.0169	get 0.0021% / 1h	51m 45s	$44K	$76K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Aster. 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 AsterbpFee BulletbpOrdersPrice spread, now +0.105%Rate

Funding earned: $23.8
Price spread: +0.105% → 0.000%: $10.55
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Bullet: 4 bp × 2 orders: −$8
Net: $18.35
Costs to cover: 0.160%
Break-even: 1.6 days

Slippage unknown: Aster: live order book, 2 min ago; Bullet: no order-book sample. 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 Aster live order book, 2 min ago	1.53 bp	5.5 bp −$6	6.9 bp −$69	14.0 bp −$1,398	doesn't fit
Sell Bullet no order-book sample	—	—	—	—	—

Bullet: 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
Hibachi XAG/USDT-P	−0.0112%	1h	65.440	+0.015%	$20K	$19K	10x	as long as short
Hotstuff SILVER-PERP	−0.0104%	1h	65.474	+0.067%	$35K	$21K	20x	as long as short
Ondo Perps XAG-USD.P	−0.0042%	1h	65.370	−0.092%	$5.6M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.406	−0.036%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.490	+0.092%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.510	+0.122%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.500	+0.107%	$1.5M	$281K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.431	+0.001%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0028%	4h	65.470	+0.061%	$143.6M	$177.2M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.416	−0.021%	$4.7M	$9.6M	25x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XAG-USD	+0.0032%	1h	65.418	−0.019%	$5.1M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.483%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.480	+0.076%	$788K	$3.0M	40x	as long as short
Bybit XAGUSDT	+0.0045%	4h	65.430	0.000%	$28.5M	$39.4M	150x	as long as short
Vest SI-PERP	+0.0046%	1h	65.918	+0.746%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0050%	1h	65.490	+0.092%	$152K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.399	−0.047%	$170.5M	$83.0M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.448	+0.028%	$3.9M	$712K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.435	+0.008%	$3K	$6K	20x	as long as short
Aster XAGUSDTlong	+0.0055%	4h	65.430	long leg	$2.7M	$955K	100x
Deribit SILVER_USDC-PERPETUAL	+0.0056%	1h	65.460	+0.046%	$66K	$370K	20x	as long as short
Paradex XAG-USD-PERP	+0.0059%	8h	65.421	−0.013%	$29K	$1K	5x	as long as short
RISEx XAG/USDC	+0.0061%	1h	65.487	+0.087%	$1.2M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0061%	1h	65.561	+0.200%	$56K	$31K	25x	as long as short
Lighter XAG	+0.0072%	1h	65.413	−0.026%	$5.4M	$11.2M	25x	as long as short
Kalshi KXSILVERPERP	+0.0077%	24h	65.450	+0.031%	$467K	$29.2M	8.1x	as long as short
MEXC SILVER_USDT	+0.0096%	4h	65.420	−0.015%	$113.3M	$156.4M	1000x	as long as short
Binance XAGUSDT	+0.0096%	4h	65.420	−0.015%	$188.2M	$751.1M	100x	as long as short
Variational Omni XAG	+0.0096%	4h	65.634	+0.311%	$5.5M	$9.4M	—	as long as short
Pacifica XAG	+0.0100%	1h	65.386	−0.067%	$467K	$629K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.400	−0.046%	$24.6M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.610	+0.275%	$112K	$19K	50x	as long as short
Aevo XAG-PERP	+0.0104%	1h	65.473	+0.065%	$47K	—	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0120%	1h	65.430	0.000%	$1.6M	$1.3M	20x	as long as short
edgeX XAGUSDC	+0.0120%	4h	65.615	+0.283%	$668K	$312K	30x	as long as short
Nado XAG-PERP	+0.0121%	1h	65.465	+0.053%	$1.2M	$5.5M	10x	as long as short
GRVT XAG_USDT_Perp	+0.0142%	4h	65.554	+0.190%	$395K	$1.6M	25x	as long as short
Bullet SILVER-USDshort	+0.0169%	1h	65.499	+0.105%	$44K	$76K	10x
Bitget XAGUSDT	+0.0194%	4h	65.430	0.000%	$23.8M	$46.4M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0199%	8h	65.430	0.000%	$27.7M	$70.7M	50x	as long as short
Aftermath Perps XAGUSD	+0.0212%	1h	65.515	+0.130%	$79K	$37K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0321% / S −0.0301%	1h	65.475	+0.069%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0339%	4h	65.520	+0.138%	$2.6M	$618K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0492%	1h	65.447	+0.026%	$917K	$740K	25x	as long as short