Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0183%/8h= −20.1% APRpaid last 24h −0.043%

Price spread now: Bybit against Bullet−0.022%7-day average — · you buy dearer than you sell

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

Long on Bullet Short on Bybit

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 −$6 a day on $10k at the current rate, and Bybit is 0.022% cheaper against Bullet than usual: you would sell low and buy high (−$2 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	Bullet SILVER-USD	66.815	0.0183	pay 0.0023% / 1h	47m 53s	$45K	$75K	10x
Short	Bybit XAGUSDT	66.800	0	get 0.0000% / 4h	3h 47m	$26.1M	$35.3M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Bullet. 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 BulletbpFee BybitbpOrdersPrice spread, now −0.022%Rate

Funding earned: −$38.52
Price spread: −0.022% → 0.000%: −$2.25
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$59.77
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bullet: no order-book sample; Bybit: live order book, 1 min ago. 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 Bullet no order-book sample	—	—	—	—	—
Sell Bybit live order book, 1 min ago	0.75 bp	6.3 bp −$6	8.5 bp −$85	14.4 bp −$1,443	57.3 bp −$28.6K

Bullet: 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	66.797	−0.026%	$15K	—	5x	as long as short
Bybit XAGUSDTshort	0.0000%	4h	66.800	−0.022%	$26.1M	$35.3M	150x
Gate XAG_USDT	0.0000%	4h	66.800	−0.022%	$155.6M	$166.0M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.820	+0.007%	$2K	$3.0M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.820	+0.007%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.800	−0.022%	$1.5M	$252K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.746	−0.103%	$121K	—	250x	as long as short
Hotstuff SILVER-PERP	+0.0016%	1h	66.793	−0.033%	$36K	$21K	20x	as long as short
Lighter RH XAG	+0.0032%	1h	66.784	−0.047%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.738	−0.115%	$5.4M	$13.2M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.621%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.760	−0.082%	$803K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	67.263	+0.671%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.759	−0.084%	$57K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.746	−0.103%	$166.2M	$86.1M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.778	−0.055%	$3.9M	$700K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.742	−0.109%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.730	−0.127%	$5.7M	$9.8M	25x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.810	−0.007%	$115K	$2.8M	20x	as long as short
Kalshi KXSILVERPERP	+0.0060%	24h	66.769	−0.069%	$570K	$21.9M	8.1x	as long as short
Lighter XAG	+0.0072%	1h	66.785	−0.044%	$5.4M	$10.4M	25x	as long as short
Paradex XAG-USD-PERP	+0.0089%	8h	66.822	+0.011%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0091%	4h	66.775	−0.060%	$5.7M	$9.9M	—	as long as short
Pacifica XAG	+0.0100%	1h	66.771	−0.066%	$476K	$629K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.770	−0.067%	$24.7M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.750	−0.097%	$127K	$26K	50x	as long as short
Aster XAGUSDT	+0.0103%	4h	66.793	−0.033%	$2.8M	$1.1M	100x	as long as short
Aevo XAG-PERP	+0.0104%	1h	66.785	−0.045%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0106%	4h	66.780	−0.052%	$116.8M	$155.7M	1000x	as long as short
Binance XAGUSDT	+0.0107%	4h	66.793	−0.033%	$192.3M	$725.9M	100x	as long as short
edgeX XAGUSDC	+0.0115%	4h	66.802	−0.020%	$678K	$314K	30x	as long as short
Nado XAG-PERP	+0.0130%	1h	66.786	−0.044%	$1.3M	$6.5M	10x	as long as short
RISEx XAG/USDC	+0.0148%	1h	66.830	+0.022%	$1.3M	$4.2M	20x	as long as short
Bitget XAGUSDT	+0.0164%	4h	66.790	−0.037%	$24.8M	$48.7M	100x	as long as short
BloFin XAG-USDT	+0.0164%	4h	66.830	+0.022%	$2.6M	$692K	100x	as long as short
Aftermath Perps XAGUSD	+0.0174%	1h	66.769	−0.068%	$80K	$40K	10x	as long as short
Bullet SILVER-USDlong	+0.0183%	1h	66.815	long leg	$45K	$75K	10x
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.780	−0.052%	$1.9M	$967K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0189%	8h	66.780	−0.052%	$28.2M	$67.4M	50x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0199%	1h	66.780	−0.052%	$51K	$344K	20x	as long as short
Hibachi XAG/USDT-P	+0.0224%	1h	66.775	−0.060%	$20K	$22K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0274%	4h	66.790	−0.037%	$397K	$1.5M	25x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.795	−0.030%	$104K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0487%	1h	66.769	−0.068%	$767K	$589K	25x	as long as short