Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0027%/8h= −3.0% APRpaid last 24h +0.001%

Price spread now: Paradex against Bybit−0.078%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Paradex is 0.078% cheaper against Bybit than usual: you would sell low and buy high (−$8 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	Bybit XAGUSDT	66.130	0.0168	pay 0.0084% / 4h	10m 04s	$27.1M	$36.1M	150x
Short	Paradex XAG-USD-PERP	66.078	0.0141	get 0.0141% / 8h	4h 10m	$30K	$1K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.078%Rate

Funding earned: −$5.74
Price spread: −0.078% → 0.000%: −$7.84
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$28.58
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 4 min ago; Paradex: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 4 min ago	0.76 bp	7.5 bp −$7	8.7 bp −$87	13.1 bp −$1,306	50.7 bp −$25.4K
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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	66.018	−0.169%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.120	−0.015%	$150.2M	$163.8M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.100	−0.045%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.130	0.000%	$1.0M	$968K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.140	+0.015%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.028	−0.155%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.093	−0.056%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.025	−0.159%	$5.2M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.408%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.070	−0.091%	$795K	$3.1M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAG-USD.P	+0.0044%	1h	65.960	−0.257%	$5.7M	$9.6M	25x	as long as short
Vest SI-PERP	+0.0046%	1h	66.514	+0.581%	—	—	25x	as long as short
Hotstuff SILVER-PERP	+0.0048%	1h	66.027	−0.156%	$35K	$21K	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.061	−0.104%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.021	−0.165%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.090	−0.060%	$115K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0060%	1h	66.025	−0.159%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0071%	24h	66.057	−0.110%	$547K	$25.4M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	66.029	−0.153%	$470K	$615K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.050	−0.121%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.060	−0.106%	$113K	$30K	50x	as long as short
tradeXYZ xyz:SILVER	+0.0126%	1h	66.078	−0.079%	$166.0M	$74.4M	25x	as long as short
RISEx XAG/USDC	+0.0137%	1h	66.077	−0.081%	$1.3M	$4.6M	20x	as long as short
Paradex XAG-USD-PERPshort	+0.0141%	8h	66.078	−0.078%	$30K	$1K	5x
Aster XAGUSDT	+0.0144%	4h	66.080	−0.076%	$2.7M	$868K	100x	as long as short
Bybit XAGUSDTlong	+0.0168%	4h	66.130	long leg	$27.1M	$36.1M	150x
Lighter XAG	+0.0184%	1h	66.088	−0.063%	$5.2M	$10.7M	25x	as long as short
Aevo XAG-PERP	+0.0192%	1h	66.097	−0.050%	$47K	—	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.020	−0.166%	$1.8M	$1.0M	20x	as long as short
Variational Omni XAG	+0.0204%	4h	66.063	−0.102%	$5.6M	$9.5M	—	as long as short
MEXC SILVER_USDT	+0.0210%	4h	66.100	−0.045%	$110.5M	$153.0M	1000x	as long as short
BloFin XAG-USDT	+0.0212%	4h	66.120	−0.015%	$2.6M	$554K	100x	as long as short
Binance XAGUSDT	+0.0212%	4h	66.120	−0.015%	$192.8M	$700.3M	100x	as long as short
Nado XAG-PERP	+0.0213%	1h	66.029	−0.153%	$1.4M	$6.4M	10x	as long as short
Aftermath Perps XAGUSD	+0.0221%	1h	66.069	−0.092%	$80K	$36K	10x	as long as short
edgeX XAGUSDC	+0.0222%	4h	66.092	−0.057%	$671K	$313K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0234%	8h	66.110	−0.030%	$27.7M	$65.0M	50x	as long as short
Bitget XAGUSDT	+0.0256%	4h	66.110	−0.030%	$23.8M	$45.4M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0274%	4h	66.094	−0.054%	$389K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0289%	1h	66.104	−0.040%	$44K	$76K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0356%	1h	66.080	−0.076%	$75K	$362K	20x	as long as short
Hibachi XAG/USDT-P	+0.0376%	1h	66.020	−0.166%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0383% / S −0.0424%	1h	66.115	−0.023%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0485%	1h	66.070	−0.091%	$912K	$683K	25x	as long as short