Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0203%/8h= −22.2% APRpaid last 24h −0.036%

Price spread now: dYdX against Binance−0.055%7-day average — · you buy dearer than you sell

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

Long on Binance Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and dYdX is 0.055% cheaper against Binance than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XAGUSDT	65.970	0.0203	pay 0.0102% / 4h	3h 41m	$191.0M	$702.5M	100x
Short	dYdX XAG-USD	65.934	0	get 0.0000% / 1h	41m 05s	$14K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Binance. 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 BinancebpFee dYdXbpOrdersPrice spread, now −0.055%Rate

Funding earned: −$42.66
Price spread: −0.055% → 0.000%: −$5.5
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$68.17
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 3 min ago; dYdX: 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 Binance live order book, 3 min ago	0.76 bp	5.8 bp −$6	5.8 bp −$58	8.6 bp −$860	20.0 bp −$10.0K
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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
Ondo Perps XAG-USD.P	−0.0046%	1h	65.830	−0.212%	$5.7M	$9.3M	25x	as long as short
dYdX XAG-USDshort	0.0000%	1h	65.934	−0.055%	$14K	—	5x
Gate XAG_USDT	0.0000%	4h	65.980	+0.015%	$149.5M	$163.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.970	0.000%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.020	+0.076%	$1.0M	$966K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.980	+0.015%	$1.5M	$320K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.914	−0.085%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.956	−0.021%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.910	−0.091%	$5.1M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.652%	$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	65.970	0.000%	$793K	$3.1M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.389	+0.635%	—	—	25x	as long as short
Hotstuff SILVER-PERP	+0.0048%	1h	65.922	−0.073%	$35K	$21K	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.940	−0.045%	$3.9M	$674K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.909	−0.092%	$3K	$6K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0051%	1h	65.927	−0.065%	$165.9M	$73.6M	25x	as long as short
QFEX SILVER-USD	+0.0060%	1h	65.950	−0.030%	$114K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0072%	24h	65.930	−0.061%	$539K	$25.9M	8.1x	as long as short
Phoenix SILVER	+0.0073%	1h	65.889	−0.123%	$56K	$26K	25x	as long as short
RISEx XAG/USDC	+0.0080%	1h	65.970	0.000%	$1.3M	$4.9M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.894	−0.115%	$469K	$614K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.930	−0.061%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.920	−0.076%	$113K	$30K	50x	as long as short
Lighter XAG	+0.0112%	1h	65.958	−0.018%	$5.2M	$10.6M	25x	as long as short
Paradex XAG-USD-PERP	+0.0119%	8h	65.951	−0.028%	$30K	$1K	5x	as long as short
Bybit XAGUSDT	+0.0121%	4h	65.990	+0.030%	$27.4M	$36.5M	150x	as long as short
Aster XAGUSDT	+0.0138%	4h	65.970	0.000%	$2.7M	$871K	100x	as long as short
Nado XAG-PERP	+0.0180%	1h	65.919	−0.078%	$1.4M	$6.0M	10x	as long as short
Aevo XAG-PERP	+0.0184%	1h	65.960	−0.016%	$47K	—	10x	as long as short
Variational Omni XAG	+0.0188%	4h	65.963	−0.010%	$5.6M	$9.4M	—	as long as short
MEXC SILVER_USDT	+0.0202%	4h	65.960	−0.015%	$112.8M	$152.1M	1000x	as long as short
Binance XAGUSDTlong	+0.0203%	4h	65.970	long leg	$191.0M	$702.5M	100x
Deribit SILVER_USDC-PERPETUAL	+0.0205%	1h	65.950	−0.030%	$75K	$363K	20x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	65.950	−0.030%	$1.8M	$1.0M	20x	as long as short
Aftermath Perps XAGUSD	+0.0217%	1h	65.937	−0.049%	$79K	$36K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0218%	4h	66.022	+0.079%	$394K	$1.5M	25x	as long as short
edgeX XAGUSDC	+0.0219%	4h	65.962	−0.013%	$669K	$310K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0234%	8h	65.970	0.000%	$27.7M	$64.8M	50x	as long as short
Bullet SILVER-USD	+0.0235%	1h	65.974	+0.007%	$45K	$76K	10x	as long as short
BloFin XAG-USDT	+0.0238%	4h	65.960	−0.015%	$2.6M	$556K	100x	as long as short
Bitget XAGUSDT	+0.0244%	4h	65.970	0.000%	$23.9M	$45.3M	100x	as long as short
Hibachi XAG/USDT-P	+0.0336%	1h	65.912	−0.089%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0387% / S −0.0440%	1h	65.975	+0.008%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0625%	1h	65.935	−0.053%	$910K	$683K	25x	as long as short