Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0104%/8h= −11.3% APRpaid last 24h −0.013%

Price spread now: Lighter RH against Aster−0.010%7-day average −0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$10as in the Price arb table

costs, in and out, $10k−$150.146% of the position

Long on Aster Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 7 days+0.015%+$1 · spread now −0.010%, 7d avg −0.052%

Together, before fees+0.032%+ Points / potential airdropAster: Stage 5 · Lighter RH: Points live · farm board+$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter RH is 0.041% dearer against Aster than usual: you sell high and buy low (spread −0.010% now, against its 7-day average of −0.052%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 32 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XAGUSDT	66.218	0.0136	pay 0.0068% / 4h	1h 48m	$2.7M	$916K	100x
Short	Lighter RH XAG	66.211	0.0032	get 0.0004% / 1h	48m 34s	$4.8M	$9.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.010%Rate

Funding earned: −$21.75
Price spread: −0.010% → −0.052%: $4.14
Slippage, 4 orders: −$6.59
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$32.2
Costs to cover: 0.146%
Break-even: never at this rate

Slippage from Aster: live order book, 5 min ago; Lighter RH: 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	1.51 bp	5.5 bp −$6	7.2 bp −$72	16.5 bp −$1,645	doesn't fit
Sell Lighter RH live order book, 5 min ago	1.54 bp	2.0 bp −$2	2.4 bp −$24	18.1 bp −$1,814	doesn't fit

XAG on 43 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	66.176	−0.063%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	66.178	−0.060%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.250	+0.049%	$151.4M	$161.8M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.220	+0.004%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.280	+0.094%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.230	+0.019%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.144	−0.111%	$121K	—	250x	as long as short
Lighter RH XAGshort	+0.0032%	1h	66.211	−0.010%	$4.8M	$9.4M	25x
Extended XAG-USD	+0.0032%	1h	66.160	−0.086%	$5.3M	$12.1M	10x	as long as short
Ondo Perps XAG-USD.P	+0.0033%	1h	66.110	−0.162%	$5.7M	$9.7M	25x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.276%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.250	+0.049%	$797K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.668	+0.680%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.200	−0.026%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.141	−0.116%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.240	+0.034%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0063%	24h	66.189	−0.043%	$546K	$24.5M	8.1x	as long as short
Phoenix SILVER	+0.0084%	1h	66.206	−0.017%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0090%	1h	66.179	−0.058%	$165.7M	$74.7M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.180	−0.057%	$471K	$607K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.170	−0.072%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.330	+0.170%	$113K	$30K	50x	as long as short
Aster XAGUSDTlong	+0.0136%	4h	66.218	long leg	$2.7M	$916K	100x
Paradex XAG-USD-PERP	+0.0136%	8h	66.227	+0.014%	$30K	$1K	5x	as long as short
Bybit XAGUSDT	+0.0142%	4h	66.250	+0.049%	$26.7M	$36.1M	150x	as long as short
Lighter XAG	+0.0168%	1h	66.212	−0.008%	$5.3M	$10.4M	25x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.210	−0.012%	$48K	—	10x	as long as short
Variational Omni XAG	+0.0176%	4h	66.242	+0.037%	$5.5M	$9.7M	—	as long as short
RISEx XAG/USDC	+0.0181%	1h	66.235	+0.026%	$1.2M	$4.4M	20x	as long as short
MEXC SILVER_USDT	+0.0190%	4h	66.230	+0.019%	$110.5M	$151.9M	1000x	as long as short
Binance XAGUSDT	+0.0190%	4h	66.230	+0.019%	$191.8M	$705.9M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.350	+0.200%	$1.9M	$972K	20x	as long as short
edgeX XAGUSDC	+0.0201%	4h	66.366	+0.224%	$673K	$314K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0216%	8h	66.230	+0.019%	$27.8M	$65.6M	50x	as long as short
Aftermath Perps XAGUSD	+0.0234%	1h	66.247	+0.045%	$80K	$38K	10x	as long as short
Nado XAG-PERP	+0.0239%	1h	66.188	−0.045%	$1.3M	$6.6M	10x	as long as short
Bitget XAGUSDT	+0.0252%	4h	66.230	+0.019%	$23.9M	$46.1M	100x	as long as short
Hibachi XAG/USDT-P	+0.0256%	1h	66.199	−0.028%	$20K	$22K	10x	as long as short
Bullet SILVER-USD	+0.0263%	1h	66.226	+0.013%	$46K	$75K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0278%	4h	66.277	+0.090%	$400K	$1.5M	25x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0331% / S −0.0342%	1h	66.215	−0.004%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0355%	1h	66.190	−0.042%	$50K	$326K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0550%	1h	66.171	−0.070%	$763K	$475K	25x	as long as short