Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0250%/8h= −27.4% APRpaid last 24h −0.064%

Price spread now: HTX against Bullet+0.026%7-day average — · you sell dearer than you buy

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

Long on Bullet Short on HTX

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

The price spread pays, funding is against you. HTX is 0.026% dearer against Bullet than usual: you sell high and buy low (spread +0.026% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet SILVER-USD	66.543	0.0250	pay 0.0031% / 1h	59m 35s	$45K	$76K	10x
Short	HTX XAG-USDT	66.560	0	get 0.0000% / 4h	2h 59m	$1.1M	$1.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$52.49
Price spread: +0.026% → 0.000%: $2.55
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$69.94
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Bullet: no order-book sample; HTX: live order book, 4 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 HTX live order book, 4 min ago	4.50 bp	17.7 bp −$18	23.6 bp −$236	36.0 bp −$3,604	doesn't fit

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	66.475	−0.101%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.510	−0.050%	$25.5M	$35.8M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.480	−0.095%	$154.9M	$159.1M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.540	−0.005%	$2K	$2.9M	20x	as long as short
HTX XAG-USDTshort	0.0000%	4h	66.560	+0.026%	$1.1M	$1.1M	75x
Phemex XAGUSDT	0.0000%	4h	66.550	+0.011%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.467	−0.114%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.477	−0.100%	$4.8M	$9.3M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.433	−0.166%	$5.4M	$12.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.215%	$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	66.590	+0.071%	$801K	$2.8M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.972	+0.645%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.507	−0.054%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.499	−0.066%	$3.9M	$700K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.463	−0.120%	$3K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.380	−0.245%	$5.7M	$9.5M	25x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.530	−0.020%	$115K	$2.8M	20x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.492	−0.077%	$558K	$22.0M	8.1x	as long as short
Hotstuff SILVER-PERP	+0.0072%	1h	66.514	−0.044%	$35K	$21K	20x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.496	−0.071%	$1.2M	$4.2M	20x	as long as short
Aster XAGUSDT	+0.0097%	4h	66.520	−0.035%	$2.8M	$1.0M	100x	as long as short
Pacifica XAG	+0.0100%	1h	66.484	−0.089%	$474K	$611K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.500	−0.065%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.530	−0.020%	$127K	$24K	50x	as long as short
tradeXYZ xyz:SILVER	+0.0101%	1h	66.517	−0.039%	$165.9M	$85.0M	25x	as long as short
Variational Omni XAG	+0.0108%	4h	66.543	+0.001%	$5.6M	$9.8M	—	as long as short
Paradex XAG-USD-PERP	+0.0112%	8h	66.511	−0.047%	$30K	$1K	5x	as long as short
Aevo XAG-PERP	+0.0120%	1h	66.519	−0.035%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0122%	4h	66.520	−0.035%	$108.8M	$155.7M	1000x	as long as short
BloFin XAG-USDT	+0.0122%	4h	66.590	+0.071%	$2.6M	$683K	100x	as long as short
edgeX XAGUSDC	+0.0123%	4h	66.552	+0.014%	$675K	$315K	30x	as long as short
Binance XAGUSDT	+0.0124%	4h	66.521	−0.033%	$193.5M	$718.6M	100x	as long as short
Lighter XAG	+0.0128%	1h	66.483	−0.090%	$5.3M	$10.3M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.490	−0.080%	$1.9M	$965K	20x	as long as short
Nado XAG-PERP	+0.0188%	1h	66.502	−0.062%	$1.3M	$6.5M	10x	as long as short
GRVT XAG_USDT_Perp	+0.0190%	4h	66.559	+0.023%	$402K	$1.5M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0193%	8h	66.490	−0.080%	$28.0M	$66.6M	50x	as long as short
Bitget XAGUSDT	+0.0196%	4h	66.490	−0.080%	$24.6M	$46.4M	100x	as long as short
Aftermath Perps XAGUSD	+0.0209%	1h	66.511	−0.049%	$80K	$39K	10x	as long as short
Bullet SILVER-USDlong	+0.0250%	1h	66.543	long leg	$45K	$76K	10x
Hibachi XAG/USDT-P	+0.0288%	1h	66.505	−0.058%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.535	−0.012%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0352%	1h	66.520	−0.035%	$50K	$336K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0489%	1h	66.502	−0.062%	$763K	$561K	25x	as long as short