Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0073%/8h= +8.0% APRpaid last 24h +0.030%

Price spread now: Coinbase International against Aster−0.070%7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$3as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$240.241% of the position

Long on Aster Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.207%+$21 on $10k

Price spread, last 4 days (all we have)+0.088%+$9 · spread now −0.070%, 7d avg −0.029%

Together, before fees+0.294%+ Points / potential airdropAster: Stage 5 · farm board+$29 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.041% cheaper against Aster than usual: you would sell low and buy high (spread −0.070% now, against its 7-day average of −0.029%). If the spread goes back, that is −$4 on $10k: about 45 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XAGUSDT	65.426	0.0047	pay 0.0023% / 4h	1h 43m	$2.7M	$966K	100x
Short	Coinbase International SILVER-PERP-INTX	65.380	0.0120	get 0.0015% / 1h	43m 36s	$1.6M	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.070%Rate

Funding earned: $15.41
Price spread: −0.070% → −0.029%: −$4.1
Slippage, 4 orders: −$6.12
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$12.81
Costs to cover: 0.241%
Break-even: 12.8 days

Slippage from Aster: live order book, 5 min ago; Coinbase International: live order book, 5 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 Aster live order book, 5 min ago	0.76 bp	4.8 bp −$5	6.1 bp −$61	16.0 bp −$1,602	doesn't fit
Sell Coinbase International live order book, 5 min ago	2.30 bp	7.3 bp −$7	8.9 bp −$89	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
Hibachi XAG/USDT-P	−0.0120%	1h	65.402	−0.037%	$20K	$20K	10x	as long as short
Hotstuff SILVER-PERP	−0.0088%	1h	65.414	−0.018%	$35K	$21K	20x	as long as short
Ondo Perps XAG-USD.P	−0.0085%	1h	65.300	−0.193%	$5.6M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.404	−0.034%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.440	+0.021%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.450	+0.037%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.420	−0.009%	$1.5M	$281K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.365	−0.093%	$118K	—	250x	as long as short
Bybit XAGUSDT	+0.0024%	4h	65.430	+0.006%	$28.4M	$39.6M	150x	as long as short
Gate XAG_USDT	+0.0028%	4h	65.440	+0.021%	$141.4M	$180.8M	100x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XAG	+0.0032%	1h	65.414	−0.018%	$4.6M	$9.7M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.365	−0.092%	$5.1M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.489%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.410	−0.024%	$787K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.846	+0.642%	—	—	25x	as long as short
Aster XAGUSDTlong	+0.0047%	4h	65.426	long leg	$2.7M	$966K	100x
QFEX SILVER-USD	+0.0050%	1h	65.400	−0.040%	$152K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.398	−0.043%	$170.3M	$83.7M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.378	−0.073%	$3.8M	$718K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.364	−0.095%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0058%	8h	65.408	−0.027%	$29K	$1K	5x	as long as short
RISEx XAG/USDC	+0.0061%	1h	65.420	−0.009%	$1.2M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0061%	1h	65.384	−0.064%	$56K	$31K	25x	as long as short
Variational Omni XAG	+0.0070%	4h	65.414	−0.019%	$5.5M	$9.4M	—	as long as short
Kalshi KXSILVERPERP	+0.0077%	24h	65.394	−0.049%	$491K	$30.2M	8.1x	as long as short
Binance XAGUSDT	+0.0079%	4h	65.420	−0.009%	$189.8M	$763.1M	100x	as long as short
MEXC SILVER_USDT	+0.0080%	4h	65.410	−0.024%	$115.1M	$157.1M	1000x	as long as short
Aevo XAG-PERP	+0.0088%	1h	65.408	−0.027%	$47K	—	10x	as long as short
Lighter XAG	+0.0088%	1h	65.423	−0.005%	$5.4M	$11.3M	25x	as long as short
edgeX XAGUSDC	+0.0090%	4h	65.433	+0.011%	$666K	$314K	30x	as long as short
Pacifica XAG	+0.0100%	1h	65.371	−0.084%	$467K	$627K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.390	−0.055%	$25.4M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.340	−0.131%	$112K	$19K	50x	as long as short
Nado XAG-PERP	+0.0104%	1h	65.370	−0.086%	$1.2M	$5.5M	10x	as long as short
GRVT XAG_USDT_Perp	+0.0120%	4h	65.397	−0.044%	$397K	$1.6M	25x	as long as short
Coinbase International SILVER-PERP-INTXshort	+0.0120%	1h	65.380	−0.070%	$1.6M	$1.4M	20x
Bullet SILVER-USD	+0.0146%	1h	65.421	−0.007%	$43K	$77K	10x	as long as short
Bitget XAGUSDT	+0.0186%	4h	65.430	+0.006%	$23.8M	$46.7M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0191%	8h	65.430	+0.006%	$27.9M	$71.3M	50x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.410	−0.024%	$66K	$372K	20x	as long as short
Aftermath Perps XAGUSD	+0.0212%	1h	65.420	−0.009%	$79K	$37K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0320% / S −0.0301%	1h	65.425	−0.001%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0322%	4h	65.470	+0.067%	$2.6M	$616K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0492%	1h	65.391	−0.053%	$916K	$746K	25x	as long as short