Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0016%/8h= −1.7% APRpaid last 24h −0.025%

Price spread now: RISEx against Bitget+0.025%48s7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$210.212% of the position

Long on Bitget Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.015%−$1 on $10k

Price spread, last 7 days−0.051%−$5 · spread now +0.025%, 7d avg −0.015%

Together, before fees−0.066%−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. RISEx is 0.040% dearer against Bitget than usual: you sell high and buy low (spread +0.025% now, against its 7-day average of −0.015%): +$4 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 8.5 days. The two prices were read 48 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	Bitget XAGUSDT	66.790	0.0164	pay 0.0082% / 4h	3h 45m	$24.8M	$48.7M	100x
Short	RISEx XAG/USDC	66.807	0.0148	get 0.0019% / 1h	45m 47s	$1.3M	$4.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Bitget. 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 BitgetbpFee RISExbpOrdersPrice spread, now +0.025%Rate

Funding earned: −$3.27
Price spread: +0.025% → −0.015%: $3.98
Slippage, 4 orders: −$3.24
Fee Bitget: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$20.53
Costs to cover: 0.212%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; RISEx: live order book, 3 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 Bitget live order book, 3 min ago	0.75 bp	7.4 bp −$7	9.6 bp −$96	18.8 bp −$1,878	36.2 bp −$18.1K
Sell RISEx live order book, 3 min ago	0.54 bp	3.5 bp −$4	4.8 bp −$48	doesn't fit	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
dYdX XAG-USD	0.0000%	1h	66.743	−0.070%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.800	+0.015%	$26.1M	$35.3M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.790	0.000%	$155.6M	$166.2M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.800	+0.015%	$2K	$3.0M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.810	+0.030%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.790	0.000%	$1.5M	$252K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.735	−0.082%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.772	−0.027%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.736	−0.081%	$5.4M	$13.2M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.584%	$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	66.780	−0.015%	$804K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	67.241	+0.675%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.747	−0.064%	$57K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.753	−0.055%	$166.1M	$86.2M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.755	−0.052%	$3.9M	$700K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.739	−0.076%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.700	−0.135%	$5.7M	$9.8M	25x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.770	−0.030%	$115K	$2.8M	20x	as long as short
Kalshi KXSILVERPERP	+0.0060%	24h	66.747	−0.064%	$573K	$21.9M	8.1x	as long as short
BloFin XAG-USDT	+0.0060%	4h	66.810	+0.030%	$2.6M	$692K	100x	as long as short
Lighter XAG	+0.0072%	1h	66.784	−0.010%	$5.4M	$10.4M	25x	as long as short
Hotstuff SILVER-PERP	+0.0080%	1h	66.796	+0.009%	$36K	$21K	20x	as long as short
Paradex XAG-USD-PERP	+0.0087%	8h	66.787	−0.004%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0092%	4h	66.785	−0.008%	$5.6M	$9.9M	—	as long as short
Aster XAGUSDT	+0.0098%	4h	66.798	+0.012%	$2.8M	$1.1M	100x	as long as short
Pacifica XAG	+0.0100%	1h	66.757	−0.049%	$476K	$629K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.760	−0.045%	$24.7M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.770	−0.030%	$127K	$26K	50x	as long as short
Binance XAGUSDT	+0.0103%	4h	66.792	+0.003%	$191.9M	$725.6M	100x	as long as short
MEXC SILVER_USDT	+0.0104%	4h	66.790	0.000%	$108.6M	$157.0M	1000x	as long as short
Aevo XAG-PERP	+0.0104%	1h	66.783	−0.011%	$48K	—	10x	as long as short
edgeX XAGUSDC	+0.0114%	4h	66.841	+0.077%	$678K	$315K	30x	as long as short
GRVT XAG_USDT_Perp	+0.0118%	4h	66.810	+0.030%	$397K	$1.5M	25x	as long as short
Nado XAG-PERP	+0.0135%	1h	66.748	−0.063%	$1.3M	$6.5M	10x	as long as short
RISEx XAG/USDCshort	+0.0148%	1h	66.807	+0.025%	$1.3M	$4.2M	20x
Bitget XAGUSDTlong	+0.0164%	4h	66.790	long leg	$24.8M	$48.7M	100x
Aftermath Perps XAGUSD	+0.0175%	1h	66.776	−0.021%	$80K	$40K	10x	as long as short
Bullet SILVER-USD	+0.0183%	1h	66.794	+0.006%	$45K	$75K	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.780	−0.015%	$1.9M	$967K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0189%	8h	66.790	0.000%	$28.2M	$67.4M	50x	as long as short
Hibachi XAG/USDT-P	+0.0224%	1h	66.742	−0.072%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.795	+0.007%	$104K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0349%	1h	66.790	0.000%	$51K	$344K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0487%	1h	66.761	−0.044%	$766K	$589K	25x	as long as short