Settings8H · net · $10k
Funding arb · Price arb /

XAG

RWAall XAG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0260%/8h= −28.4% APRnext payment $0.32 per $10,000 · paid last 24h −0.049%
Price spread now: SoDEX against Bullet−0.104%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and SoDEX is 0.104% cheaper against Bullet than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBullet SILVER-USD66.1090.0310pay 0.0039% / 1h34m 49s$45K$76K10x
ShortSoDEX SILVER-USD66.0410.0050get 0.0006% / 1h34m 49s$3K$6K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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

Funding earned
−$54.51
Price spread: −0.104% → 0.000%
−$10.35
Slippage, 4 orders
no order book: not counted
Fee Bullet: 4 bp × 2 orders
−$8
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$80.87
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Bullet: no order-book sample; 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
LegHalf-spread$10k$100k$1M$5M
Buy Bullet no order-book sample
Sell SoDEX no order-book sample
Bullet and 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX XAG-USD0.0000%1h66.022−0.132%$15K5xas long as short
Gate XAG_USDT0.0000%4h66.120+0.016%$150.1M$163.2M100xas long as short
SunX XAG-USDT0.0000%4h66.110+0.001%$2K$2.7M20xas long as short
HTX XAG-USDT0.0000%4h66.140+0.046%$1.0M$978K75xas long as short
Phemex XAGUSDT0.0000%4h66.120+0.016%$1.5M$317K100xas long as short
gTrade (Gains Network) XAG/USDL +0.0004% / S −0.0006%1h66.040−0.105%$120K250xas long as short
Lighter RH XAG+0.0032%1h66.094−0.023%$4.8M$9.4M25xas long as short
Extended XAG-USD+0.0032%1h66.036−0.111%$5.2M$11.7M10xas long as short
Injective XAG/USDC PERP+0.0033%1h66.400+0.440%$11K$94K52xas long as short
StandX XAG-USD+0.0040%1h66.130+0.031%$795K$3.0M40xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest SI-PERP+0.0046%1h66.532+0.639%25xas long as short
Polymarket Perps SILVER-USD+0.0050%1h66.065−0.067%$3.9M$672K20xas long as short
SoDEX SILVER-USDshort+0.0050%1h66.041−0.104%$3K$6K20x
Ondo Perps XAG-USD.P+0.0050%1h65.980−0.196%$5.7M$9.6M25xas long as short
QFEX SILVER-USD+0.0054%1h66.090−0.029%$115K$2.7M20xas long as short
Phoenix SILVER+0.0060%1h66.050−0.090%$56K$26K25xas long as short
Kalshi KXSILVERPERP+0.0069%24h66.065−0.067%$518K$25.5M8.1xas long as short
Pacifica XAG+0.0100%1h66.038−0.108%$470K$619K10xas long as short
KuCoin XAGUSDTM+0.0100%4h66.080−0.045%$24.5M$4.5M75xas long as short
ApeX Omni XAGUSDT+0.0100%1h66.070−0.060%$113K$30K50xas long as short
Hotstuff SILVER-PERP+0.0120%1h66.074−0.054%$35K$21K20xas long as short
tradeXYZ xyz:SILVER+0.0133%1h66.079−0.046%$165.4M$74.0M25xas long as short
RISEx XAG/USDC+0.0137%1h66.106−0.005%$1.3M$4.5M20xas long as short
Aster XAGUSDT+0.0147%4h66.100−0.014%$2.7M$876K100xas long as short
Paradex XAG-USD-PERP+0.0152%8h66.087−0.034%$30K$1K5xas long as short
Bybit XAGUSDT+0.0157%4h66.130+0.031%$27.0M$36.2M150xas long as short
Nado XAG-PERP+0.0194%1h66.038−0.108%$1.3M$6.5M10xas long as short
Lighter XAG+0.0200%1h66.102−0.012%$5.2M$10.5M25xas long as short
Aevo XAG-PERP+0.0200%1h66.103−0.010%$47K10xas long as short
Coinbase International SILVER-PERP-INTX+0.0200%1h66.130+0.031%$1.8M$999K20xas long as short
BloFin XAG-USDT+0.0201%4h66.110+0.001%$2.6M$554K100xas long as short
Variational Omni XAG+0.0210%4h66.123+0.021%$5.6M$9.7Mas long as short
MEXC SILVER_USDT+0.0216%4h66.100−0.014%$109.2M$152.5M1000xas long as short
Binance XAGUSDT+0.0217%4h66.112+0.003%$192.8M$701.1M100xas long as short
edgeX XAGUSDC+0.0220%4h66.135+0.038%$671K$311K30xas long as short
Aftermath Perps XAGUSD+0.0230%1h66.074−0.054%$80K$37K10xas long as short
OKX XAG-USDT-SWAP+0.0231%8h66.120+0.016%$27.8M$65.4M50xas long as short
Bitget XAGUSDT+0.0260%4h66.110+0.001%$23.8M$45.7M100xas long as short
GRVT XAG_USDT_Perp+0.0286%4h66.160+0.076%$389K$1.5M25xas long as short
Bullet SILVER-USDlong+0.0310%1h66.109long leg$45K$76K10x
Deribit SILVER_USDC-PERPETUAL+0.0356%1h66.090−0.029%$62K$348K20xas long as short
GMX SILVER/USD [ETH-USDC]L +0.0375% / S −0.0409%1h66.115+0.008%$103K111xas long as short
Hibachi XAG/USDT-P+0.0376%1h66.080−0.045%$20K$19K10xas long as short
Kraken Futures PF_XAGUSD+0.0485%1h66.067−0.064%$911K$676K25xas long as short