Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0015%/8h= −1.6% APRpaid last 24h −0.007%

Price spread now: Extended against Aster−0.102%7-day average −0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs−$11as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$170.171% of the position

Long on Aster Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.057%+$6 on $10k

Price spread, last 7 days+0.035%+$3 · spread now −0.102%, 7d avg −0.071%

Together, before fees+0.092%+ Points / potential airdropAster: Stage 5 · Extended: Active · farm board+$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Extended is 0.030% cheaper against Aster than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.071%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.057%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XAGUSDT	65.070	0.0047	pay 0.0023% / 4h	3m 40s	$2.6M	$982K	100x
Short	Extended XAG-USD	65.004	0.0032	get 0.0004% / 1h	3m 40s	$5.0M	$11.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.102%Rate

Funding earned: −$3.07
Price spread: −0.102% → −0.071%: −$3.05
Slippage, 4 orders: −$4.14
Fee Aster: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$23.26
Costs to cover: 0.171%
Break-even: never at this rate

Slippage from Aster: live order book, 5 min ago; Extended: 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	0.77 bp	4.8 bp −$5	4.8 bp −$48	12.6 bp −$1,258	doesn't fit
Sell Extended live order book, 5 min ago	0.08 bp	5.0 bp −$5	6.5 bp −$65	14.2 bp −$1,416	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
Ondo Perps XAG-USD.P	−0.0021%	1h	64.970	−0.154%	$5.6M	$9.9M	25x	as long as short
Hotstuff SILVER-PERP	−0.0008%	1h	65.059	−0.017%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	64.997	−0.112%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.090	+0.031%	$27.7M	$39.0M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.080	+0.015%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.100	+0.046%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.090	+0.031%	$1.5M	$281K	100x	as long as short
Variational Omni XAG	+0.0003%	4h	65.056	−0.021%	$5.5M	$9.1M	—	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.007	−0.098%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0030%	4h	65.080	+0.015%	$140.2M	$182.1M	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	65.062	−0.012%	$4.6M	$10.0M	25x	as long as short
Extended XAG-USDshort	+0.0032%	1h	65.004	−0.102%	$5.0M	$11.8M	10x
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+2.044%	$11K	$94K	52x	as long as short
MEXC SILVER_USDT	+0.0036%	4h	65.080	+0.015%	$126.3M	$162.9M	1000x	as long as short
edgeX XAGUSDC	+0.0036%	4h	65.076	+0.009%	$662K	$313K	30x	as long as short
Binance XAGUSDT	+0.0039%	4h	65.074	+0.007%	$191.5M	$756.2M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.070	0.000%	$783K	$3.0M	40x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.090	+0.031%	$171K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.474	+0.621%	—	—	25x	as long as short
Aster XAGUSDTlong	+0.0047%	4h	65.070	long leg	$2.6M	$982K	100x
Aevo XAG-PERP	+0.0048%	1h	65.060	−0.015%	$47K	—	10x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.045	−0.038%	$3.8M	$890K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.006	−0.098%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0054%	8h	65.062	−0.012%	$29K	$1K	5x	as long as short
Phoenix SILVER	+0.0061%	1h	65.054	−0.025%	$55K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0074%	1h	65.033	−0.057%	$172.9M	$84.7M	25x	as long as short
Kalshi KXSILVERPERP	+0.0081%	24h	65.038	−0.049%	$489K	$32.2M	8.1x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	65.030	−0.061%	$1.6M	$1.4M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.020	−0.077%	$463K	$598K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.020	−0.077%	$25.2M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.070	0.000%	$111K	$19K	50x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.104	+0.053%	$1.3M	$4.9M	20x	as long as short
BloFin XAG-USDT	+0.0141%	4h	65.090	+0.031%	$2.7M	$625K	100x	as long as short
GRVT XAG_USDT_Perp	+0.0144%	4h	65.099	+0.044%	$385K	$1.6M	25x	as long as short
Nado XAG-PERP	+0.0156%	1h	65.030	−0.062%	$1.2M	$4.7M	10x	as long as short
Bitget XAGUSDT	+0.0168%	4h	65.090	+0.031%	$23.2M	$44.9M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0175%	8h	65.080	+0.015%	$28.2M	$70.7M	50x	as long as short
Lighter XAG	+0.0184%	1h	65.058	−0.018%	$5.3M	$11.3M	25x	as long as short
Aftermath Perps XAGUSD	+0.0198%	1h	65.058	−0.018%	$78K	$37K	10x	as long as short
Hibachi XAG/USDT-P	+0.0224%	1h	65.010	−0.092%	$20K	$16K	10x	as long as short
Bullet SILVER-USD	+0.0237%	1h	65.086	+0.025%	$44K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.075	+0.008%	$92K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0365%	1h	65.054	−0.025%	$1.0M	$869K	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0365%	1h	65.060	−0.015%	$65K	$399K	20x	as long as short