Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 19:00 UTC−0.0101%/8hpaid last 24h −0.035%

Price spread now: Aster against Coinbase International+0.121%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$260.256% of the position

Long on Coinbase International Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.195%−$19 on $10k

Price spread, last 3 days (all we have)−0.103%−$10 · spread now +0.121%, 7d avg +0.030%

Together, before fees−0.297%+ Points / potential airdropAster: Stage 5 · farm board−$30 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.091% dearer against Coinbase International than usual: you sell high and buy low (spread +0.121% now, against its 7-day average of +0.030%): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SILVER-PERP-INTX	66.040	0.0192	pay 0.0024% / 1h	4m 35s	$1.9M	$1.2M	20x
Short	Aster XAGUSDT	66.120	0.0091	get 0.0045% / 4h	4m 35s	$2.8M	$1.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Coinbase International. 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 Coinbase InternationalbpFee AsterbpOrdersPrice spread, now +0.121%Rate

Funding earned: −$21.26
Price spread: +0.121% → +0.030%: $9.14
Slippage, 4 orders: −$7.56
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$37.69
Costs to cover: 0.256%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; Aster: live order book, 3 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 Coinbase International live order book, 3 min ago	2.27 bp	7.3 bp −$7	8.7 bp −$87	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	1.51 bp	5.5 bp −$6	7.0 bp −$70	12.8 bp −$1,276	doesn't fit

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
Ondo Perps XAG-USD.P	−0.0092%	1h	66.020	−0.030%	$6.2M	$8.9M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	66.105	+0.098%	$15K	$997	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.140	+0.151%	$133.1M	$192.8M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.120	+0.121%	$2K	$3.5M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.130	+0.136%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.140	+0.151%	$1.5M	$259K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.078	+0.057%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.130	+0.136%	$4.6M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.086	+0.070%	$5.4M	$14.9M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.545%	$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
Phoenix SILVER	+0.0036%	1h	66.078	+0.058%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	66.060	+0.030%	$699K	$2.8M	40x	as long as short
Kalshi KXSILVERPERP	+0.0042%	24h	66.083	+0.065%	$688K	$21.6M	8.1x	as long as short
Vest SI-PERP	+0.0046%	1h	66.582	+0.821%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.112	+0.109%	$161.8M	$95.1M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.095	+0.083%	$3.9M	$740K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.076	+0.055%	$4K	$5K	20x	as long as short
QFEX SILVER-USD	+0.0052%	1h	66.140	+0.151%	$124K	$2.8M	20x	as long as short
Hotstuff SILVER-PERP	+0.0064%	1h	66.111	+0.108%	$35K	$21K	20x	as long as short
Paradex XAG-USD-PERP	+0.0072%	8h	66.129	+0.134%	$30K	$1K	5x	as long as short
Aster XAGUSDTshort	+0.0091%	4h	66.120	+0.121%	$2.8M	$1.2M	100x
Lighter XAG	+0.0096%	1h	66.132	+0.139%	$5.4M	$10.8M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.089	+0.074%	$473K	$697K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.100	+0.091%	$24.1M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.100	+0.091%	$113K	$88K	50x	as long as short
Variational Omni XAG	+0.0115%	4h	66.125	+0.128%	$5.6M	$12.6M	—	as long as short
Aevo XAG-PERP	+0.0120%	1h	66.130	+0.136%	$47K	—	10x	as long as short
MEXC SILVER_USDT	+0.0122%	4h	66.130	+0.136%	$115.3M	$189.5M	1000x	as long as short
Binance XAGUSDT	+0.0122%	4h	66.137	+0.148%	$191.4M	$790.7M	100x	as long as short
edgeX XAGUSDC	+0.0124%	4h	66.142	+0.155%	$669K	$313K	30x	as long as short
Bybit XAGUSDT	+0.0126%	4h	66.140	+0.151%	$25.1M	$37.8M	150x	as long as short
BloFin XAG-USDT	+0.0138%	4h	66.150	+0.167%	$2.6M	$1.4M	100x	as long as short
RISEx XAG/USDC	+0.0161%	1h	66.146	+0.160%	$1.4M	$4.4M	20x	as long as short
Bullet SILVER-USD	+0.0165%	1h	66.126	+0.131%	$45K	$77K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0167%	8h	66.130	+0.136%	$27.5M	$68.2M	50x	as long as short
Nado XAG-PERP	+0.0176%	1h	66.076	+0.055%	$1.3M	$6.5M	10x	as long as short
Aftermath Perps XAGUSD	+0.0182%	1h	66.099	+0.090%	$79K	$40K	10x	as long as short
Coinbase International SILVER-PERP-INTXlong	+0.0192%	1h	66.040	long leg	$1.9M	$1.2M	20x
GRVT XAG_USDT_Perp	+0.0212%	4h	66.140	+0.151%	$401K	$1.8M	25x	as long as short
Hibachi XAG/USDT-P	+0.0240%	1h	66.080	+0.061%	$20K	$21K	10x	as long as short
Bitget XAGUSDT	+0.0276%	4h	66.140	+0.151%	$23.3M	$50.9M	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0300% / S −0.0296%	1h	66.125	+0.129%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0355%	1h	66.130	+0.136%	$88K	$501K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0422%	1h	66.097	+0.087%	$778K	$644K	25x	as long as short