Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0236%/8h= +25.8% APRpaid last 24h +0.064%

Price spread now: Deribit against Aster−0.032%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$240.240% of the position

Long on Aster Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.110%+$11 on $10k

Price spread, last 3 days (all we have)+0.023%+$2 · spread now −0.032%, 7d avg −0.008%

Together, before fees+0.133%+ Points / potential airdropAster: Stage 5 · farm board+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.023% cheaper against Aster than usual: you would sell low and buy high (spread −0.032% now, against its 7-day average of −0.008%). If the spread goes back, that is −$2 on $10k: about 8 hours of funding at the current rate (+$7 a day). At the pace of the last 4 days (+0.110% in total) that is about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XAGUSDT	66.511	0.0116	pay 0.0058% / 4h	2h 39m	$2.8M	$971K	100x
Short	Deribit SILVER_USDC-PERPETUAL	66.490	0.0352	get 0.0044% / 1h	39m 46s	$50K	$325K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.032%Rate

Funding earned: $49.49
Price spread: −0.032% → −0.008%: −$2.35
Slippage, 4 orders: −$8.95
Fee Aster: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $23.19
Costs to cover: 0.240%
Break-even: 3.7 days

Slippage from Aster: live order book, 4 min ago; Deribit: live order book, 29 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, 4 min ago	0.75 bp	4.8 bp −$5	6.7 bp −$67	16.6 bp −$1,659	doesn't fit
Sell Deribit live order book, 29 min ago	0.75 bp	10.2 bp −$10	10.6 bp −$106	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
Hotstuff SILVER-PERP	−0.0008%	1h	66.483	−0.042%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	66.423	−0.133%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.520	+0.013%	$154.5M	$161.9M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.530	+0.028%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.540	+0.044%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.530	+0.028%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.449	−0.093%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.500	−0.017%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.439	−0.109%	$5.4M	$12.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.167%	$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	66.480	−0.047%	$800K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.952	+0.663%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.413	−0.147%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.489	−0.033%	$3.9M	$669K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.438	−0.110%	$3K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.410	−0.152%	$5.7M	$9.6M	25x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.530	+0.028%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0061%	24h	66.473	−0.057%	$574K	$23.1M	8.1x	as long as short
Bybit XAGUSDT	+0.0072%	4h	66.530	+0.028%	$26.4M	$35.9M	150x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.524	+0.019%	$1.2M	$4.3M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0096%	1h	66.484	−0.041%	$166.0M	$76.0M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.456	−0.083%	$473K	$605K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.480	−0.047%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.490	−0.032%	$126K	$23K	50x	as long as short
BloFin XAG-USDT	+0.0103%	4h	66.570	+0.089%	$2.6M	$624K	100x	as long as short
Aster XAGUSDTlong	+0.0116%	4h	66.511	long leg	$2.8M	$971K	100x
Paradex XAG-USD-PERP	+0.0122%	8h	66.500	−0.016%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0129%	4h	66.505	−0.010%	$5.5M	$9.8M	—	as long as short
Aevo XAG-PERP	+0.0136%	1h	66.511	0.000%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0148%	4h	66.520	+0.013%	$108.2M	$156.6M	1000x	as long as short
Binance XAGUSDT	+0.0151%	4h	66.524	+0.019%	$193.0M	$707.8M	100x	as long as short
edgeX XAGUSDC	+0.0153%	4h	66.569	+0.087%	$676K	$313K	30x	as long as short
Lighter XAG	+0.0160%	1h	66.512	+0.001%	$5.4M	$10.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.520	+0.013%	$1.9M	$967K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0197%	8h	66.520	+0.013%	$28.1M	$65.9M	50x	as long as short
Aftermath Perps XAGUSD	+0.0220%	1h	66.494	−0.026%	$80K	$38K	10x	as long as short
Nado XAG-PERP	+0.0223%	1h	66.465	−0.070%	$1.3M	$6.5M	10x	as long as short
Bitget XAGUSDT	+0.0224%	4h	66.520	+0.013%	$24.4M	$45.8M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0238%	4h	66.591	+0.119%	$395K	$1.5M	25x	as long as short
Hibachi XAG/USDT-P	+0.0272%	1h	66.447	−0.096%	$20K	$22K	10x	as long as short
Bullet SILVER-USD	+0.0281%	1h	66.528	+0.025%	$45K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0292% / S −0.0281%	1h	66.515	+0.006%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUALshort	+0.0352%	1h	66.490	−0.032%	$50K	$325K	20x
Kraken Futures PF_XAGUSD	+0.0462%	1h	66.484	−0.041%	$767K	$488K	25x	as long as short