Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0162%/8h= −17.8% APRpaid last 24h −0.017%

Price spread now: SoDEX against Binance−0.145%45s7-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 SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 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 −$5 a day on $10k at the current rate, and SoDEX is 0.145% cheaper against Binance than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XAGUSDT	66.100	0.0212	pay 0.0106% / 4h	10m 31s	$192.7M	$700.1M	100x
Short	SoDEX SILVER-USD	66.004	0.0050	get 0.0006% / 1h	10m 31s	$3K	$6K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.145%Rate

Funding earned: −$34.08
Price spread: −0.145% → 0.000%: −$14.52
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$66.61
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 3 min ago; SoDEX: 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	7.7 bp −$768	20.2 bp −$10.1K
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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	−0.124%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.090	−0.015%	$150.1M	$163.8M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.090	−0.015%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.120	+0.030%	$1.0M	$968K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.120	+0.030%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.001	−0.149%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.065	−0.052%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.008	−0.139%	$5.2M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.454%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.070	−0.045%	$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	65.960	−0.212%	$5.7M	$9.6M	25x	as long as short
Vest SI-PERP	+0.0046%	1h	66.491	+0.592%	—	—	25x	as long as short
Hotstuff SILVER-PERP	+0.0048%	1h	66.027	−0.110%	$35K	$21K	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.035	−0.098%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USDshort	+0.0050%	1h	66.004	−0.145%	$3K	$6K	20x
QFEX SILVER-USD	+0.0054%	1h	66.090	−0.015%	$115K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0060%	1h	66.025	−0.113%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0071%	24h	66.031	−0.104%	$547K	$25.4M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	66.029	−0.107%	$470K	$615K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.040	−0.091%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.060	−0.061%	$113K	$30K	50x	as long as short
tradeXYZ xyz:SILVER	+0.0126%	1h	66.045	−0.083%	$165.9M	$74.4M	25x	as long as short
RISEx XAG/USDC	+0.0137%	1h	66.077	−0.036%	$1.3M	$4.6M	20x	as long as short
Paradex XAG-USD-PERP	+0.0141%	8h	66.078	−0.033%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0144%	4h	66.080	−0.030%	$2.7M	$868K	100x	as long as short
Bybit XAGUSDT	+0.0168%	4h	66.110	+0.015%	$27.1M	$36.1M	150x	as long as short
Lighter XAG	+0.0184%	1h	66.069	−0.046%	$5.2M	$10.7M	25x	as long as short
Aevo XAG-PERP	+0.0192%	1h	66.072	−0.042%	$47K	—	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.020	−0.121%	$1.8M	$1.0M	20x	as long as short
Variational Omni XAG	+0.0204%	4h	66.063	−0.056%	$5.6M	$9.5M	—	as long as short
MEXC SILVER_USDT	+0.0210%	4h	66.090	−0.015%	$110.6M	$153.0M	1000x	as long as short
BloFin XAG-USDT	+0.0212%	4h	66.120	+0.030%	$2.6M	$554K	100x	as long as short
Binance XAGUSDTlong	+0.0212%	4h	66.100	long leg	$192.7M	$700.1M	100x
Nado XAG-PERP	+0.0213%	1h	66.029	−0.108%	$1.4M	$6.4M	10x	as long as short
edgeX XAGUSDC	+0.0222%	4h	66.092	−0.011%	$671K	$313K	30x	as long as short
Aftermath Perps XAGUSD	+0.0222%	1h	66.046	−0.082%	$80K	$36K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0234%	8h	66.090	−0.015%	$27.7M	$65.0M	50x	as long as short
Bitget XAGUSDT	+0.0256%	4h	66.080	−0.030%	$23.8M	$45.4M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0274%	4h	66.094	−0.009%	$389K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0288%	1h	66.077	−0.034%	$44K	$76K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0356%	1h	66.050	−0.076%	$69K	$355K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0383% / S −0.0424%	1h	66.075	−0.038%	$103K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0384%	1h	66.050	−0.076%	$20K	$19K	10x	as long as short
Kraken Futures PF_XAGUSD	+0.0485%	1h	66.044	−0.085%	$912K	$683K	25x	as long as short