Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0230%/8h= +25.1% APRpaid last 24h +0.051%

Price spread now: Hibachi against Aster−0.091%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 5 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 · Hibachi: Active · farm boardneeds both histories

Funding pays, the price is against you. Hibachi is 0.091% cheaper against Aster than usual: you would sell low and buy high (spread −0.091% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 32 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XAGUSDT	66.080	0.0146	pay 0.0073% / 4h	9m 26s	$2.7M	$868K	100x
Short	Hibachi XAG/USDT-P	66.020	0.0376	get 0.0047% / 1h	9m 26s	$20K	$19K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi 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 HibachibpOrdersPrice spread, now −0.091%Rate

Funding earned: $48.2
Price spread: −0.091% → 0.000%: −$9.08
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: $22.12
Costs to cover: 0.170%
Break-even: 3.8 days

Slippage unknown: Aster: live order book, 4 min ago; Hibachi: 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, 4 min ago	0.76 bp	4.8 bp −$5	6.2 bp −$62	15.1 bp −$1,509	doesn't fit
Sell Hibachi no order-book sample	—	—	—	—	—

Hibachi: 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
dYdX XAG-USD	0.0000%	1h	66.018	−0.094%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.120	+0.061%	$150.2M	$163.8M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.100	+0.030%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.130	+0.076%	$1.0M	$968K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.140	+0.091%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.028	−0.079%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.099	+0.028%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.040	−0.061%	$5.2M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.484%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.070	−0.015%	$795K	$3.1M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAG-USD.P	+0.0044%	1h	65.980	−0.151%	$5.7M	$9.6M	25x	as long as short
Vest SI-PERP	+0.0046%	1h	66.530	+0.681%	—	—	25x	as long as short
Hotstuff SILVER-PERP	+0.0048%	1h	66.079	−0.002%	$35K	$21K	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.080	0.000%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.021	−0.089%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.110	+0.045%	$115K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0060%	1h	66.053	−0.041%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0071%	24h	66.057	−0.035%	$547K	$25.4M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	66.054	−0.039%	$470K	$615K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.080	0.000%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.030	−0.076%	$113K	$30K	50x	as long as short
tradeXYZ xyz:SILVER	+0.0126%	1h	66.073	−0.011%	$166.0M	$73.3M	25x	as long as short
RISEx XAG/USDC	+0.0137%	1h	66.100	+0.030%	$1.3M	$4.6M	20x	as long as short
Paradex XAG-USD-PERP	+0.0142%	8h	66.111	+0.047%	$30K	$1K	5x	as long as short
Aster XAGUSDTlong	+0.0146%	4h	66.080	long leg	$2.7M	$868K	100x
Bybit XAGUSDT	+0.0172%	4h	66.130	+0.076%	$27.1M	$36.1M	150x	as long as short
Lighter XAG	+0.0184%	1h	66.101	+0.032%	$5.2M	$10.7M	25x	as long as short
Aevo XAG-PERP	+0.0192%	1h	66.097	+0.026%	$47K	—	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.020	−0.091%	$1.8M	$1.0M	20x	as long as short
Variational Omni XAG	+0.0204%	4h	66.063	−0.026%	$5.6M	$9.5M	—	as long as short
BloFin XAG-USDT	+0.0212%	4h	66.120	+0.061%	$2.6M	$554K	100x	as long as short
MEXC SILVER_USDT	+0.0212%	4h	66.110	+0.045%	$110.6M	$153.0M	1000x	as long as short
Nado XAG-PERP	+0.0213%	1h	66.060	−0.031%	$1.4M	$6.4M	10x	as long as short
Binance XAGUSDT	+0.0215%	4h	66.123	+0.065%	$192.8M	$700.0M	100x	as long as short
Aftermath Perps XAGUSD	+0.0221%	1h	66.069	−0.017%	$80K	$36K	10x	as long as short
edgeX XAGUSDC	+0.0227%	4h	66.058	−0.034%	$670K	$311K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0234%	8h	66.110	+0.045%	$27.7M	$65.0M	50x	as long as short
Bitget XAGUSDT	+0.0258%	4h	66.110	+0.045%	$23.8M	$45.4M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0276%	4h	66.090	+0.016%	$389K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0289%	1h	66.104	+0.036%	$44K	$76K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0356%	1h	66.080	0.000%	$75K	$362K	20x	as long as short
Hibachi XAG/USDT-Pshort	+0.0376%	1h	66.020	−0.091%	$20K	$19K	10x
GMX SILVER/USD [ETH-USDC]	L +0.0383% / S −0.0424%	1h	66.115	+0.053%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0485%	1h	66.070	−0.015%	$912K	$683K	25x	as long as short