Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0075%/8h= +8.2% APRpaid last 24h +0.025%

Price spread now: OKX against Bybit−0.030%7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$240.243% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 7 days+0.007%+$1 · spread now −0.030%, 7d avg −0.017%

Together, before fees+0.039%+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.017%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit XAGUSDT	66.230	0.0141	pay 0.0071% / 4h	1h 49m	$26.7M	$36.1M	150x
Short	OKX XAG-USDT-SWAP	66.210	0.0216	get 0.0216% / 8h	5h 49m	$27.8M	$65.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Bybit. 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 BybitbpFee OKXbpOrdersPrice spread, now −0.030%Rate

Funding earned: $15.79
Price spread: −0.030% → −0.017%: −$1.34
Slippage, 4 orders: −$3.27
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$9.83
Costs to cover: 0.243%
Break-even: 11.4 days

Slippage from Bybit: live order book, 5 min ago; OKX: live order book, 5 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 Bybit live order book, 5 min ago	0.75 bp	6.3 bp −$6	8.9 bp −$89	15.4 bp −$1,541	55.7 bp −$27.9K
Sell OKX live order book, 5 min ago	0.75 bp	5.8 bp −$6	6.6 bp −$66	12.3 bp −$1,229	71.6 bp −$35.8K

XAG on 43 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	66.178	−0.078%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.230	0.000%	$151.3M	$161.7M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.220	−0.015%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.280	+0.075%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.230	0.000%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.144	−0.130%	$121K	—	250x	as long as short
Hotstuff SILVER-PERP	+0.0024%	1h	66.194	−0.054%	$35K	$21K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0030%	1h	66.120	−0.166%	$5.7M	$9.7M	25x	as long as short
Lighter RH XAG	+0.0032%	1h	66.195	−0.053%	$4.8M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.145	−0.128%	$5.3M	$12.1M	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.257%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.250	+0.030%	$797K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.661	+0.651%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.185	−0.068%	$3.9M	$673K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.141	−0.134%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.220	−0.015%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0063%	24h	66.189	−0.062%	$546K	$24.5M	8.1x	as long as short
Phoenix SILVER	+0.0084%	1h	66.206	−0.036%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0090%	1h	66.174	−0.085%	$165.7M	$74.7M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.166	−0.097%	$471K	$607K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.180	−0.075%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.330	+0.151%	$113K	$30K	50x	as long as short
Paradex XAG-USD-PERP	+0.0136%	8h	66.216	−0.021%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0138%	4h	66.218	−0.018%	$2.7M	$917K	100x	as long as short
Bybit XAGUSDTlong	+0.0141%	4h	66.230	long leg	$26.7M	$36.1M	150x
Lighter XAG	+0.0168%	1h	66.200	−0.046%	$5.3M	$10.4M	25x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.210	−0.031%	$48K	—	10x	as long as short
Variational Omni XAG	+0.0176%	4h	66.242	+0.018%	$5.5M	$9.7M	—	as long as short
RISEx XAG/USDC	+0.0181%	1h	66.231	+0.001%	$1.2M	$4.4M	20x	as long as short
MEXC SILVER_USDT	+0.0190%	4h	66.210	−0.030%	$110.4M	$151.9M	1000x	as long as short
Binance XAGUSDT	+0.0191%	4h	66.206	−0.036%	$191.8M	$706.2M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.350	+0.181%	$1.9M	$972K	20x	as long as short
edgeX XAGUSDC	+0.0201%	4h	66.366	+0.206%	$673K	$314K	30x	as long as short
OKX XAG-USDT-SWAPshort	+0.0216%	8h	66.210	−0.030%	$27.8M	$65.6M	50x
Aftermath Perps XAGUSD	+0.0234%	1h	66.247	+0.026%	$80K	$38K	10x	as long as short
Nado XAG-PERP	+0.0238%	1h	66.171	−0.089%	$1.3M	$6.6M	10x	as long as short
Bitget XAGUSDT	+0.0252%	4h	66.220	−0.015%	$23.8M	$46.1M	100x	as long as short
Hibachi XAG/USDT-P	+0.0256%	1h	66.199	−0.047%	$20K	$22K	10x	as long as short
Bullet SILVER-USD	+0.0263%	1h	66.226	−0.006%	$46K	$75K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0278%	4h	66.277	+0.071%	$400K	$1.5M	25x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0331% / S −0.0342%	1h	66.215	−0.023%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0355%	1h	66.190	−0.060%	$50K	$326K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0550%	1h	66.171	−0.088%	$763K	$475K	25x	as long as short