Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0171%/8h= −18.7% APRpaid last 24h −0.055%

Price spread now: Aster against Deribit+0.031%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$240.241% of the position

Long on Deribit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.119%−$12 on $10k

Price spread, last 4 days (all we have)−0.022%−$2 · spread now +0.031%, 7d avg +0.009%

Together, before fees−0.141%+ Points / potential airdropAster: Stage 5 · farm board−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.021% dearer against Deribit than usual: you sell high and buy low (spread +0.031% now, against its 7-day average of +0.009%): +$2 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SILVER_USDC-PERPETUAL	65.220	0.0210	pay 0.0026% / 1h	10m 30s	$65K	$397K	20x
Short	Aster XAGUSDT	65.240	0.0040	get 0.0020% / 4h	10m 30s	$2.7M	$976K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Deribit. 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 DeribitbpFee AsterbpOrdersPrice spread, now +0.031%Rate

Funding earned: −$35.84
Price spread: +0.031% → +0.009%: $2.14
Slippage, 4 orders: −$9.12
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$57.83
Costs to cover: 0.241%
Break-even: never at this rate

Slippage from Deribit: live order book, 28 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 Deribit live order book, 28 min ago	0.76 bp	10.3 bp −$10	11.4 bp −$114	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	0.77 bp	4.8 bp −$5	6.2 bp −$62	12.4 bp −$1,239	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	−0.0027%	1h	65.130	−0.138%	$5.7M	$9.8M	25x	as long as short
Hotstuff SILVER-PERP	−0.0024%	1h	65.199	−0.032%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	65.197	−0.035%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.260	+0.061%	$27.7M	$39.1M	150x	as long as short
Variational Omni XAG	0.0000%	4h	65.227	+0.010%	$5.5M	$9.1M	—	as long as short
SunX XAG-USDT	0.0000%	4h	65.240	+0.031%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.280	+0.092%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.230	+0.015%	$1.5M	$278K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.175	−0.069%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0028%	4h	65.260	+0.061%	$140.6M	$181.5M	100x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XAG	+0.0032%	1h	65.228	+0.012%	$4.6M	$9.9M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.175	−0.069%	$5.0M	$11.8M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.809%	$11K	$94K	52x	as long as short
MEXC SILVER_USDT	+0.0034%	4h	65.220	0.000%	$125.9M	$162.2M	1000x	as long as short
Binance XAGUSDT	+0.0035%	4h	65.244	+0.036%	$191.7M	$755.3M	100x	as long as short
Aster XAGUSDTshort	+0.0040%	4h	65.240	+0.031%	$2.7M	$976K	100x
StandX XAG-USD	+0.0040%	1h	65.250	+0.046%	$785K	$3.0M	40x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.230	+0.015%	$161K	$1.4M	20x	as long as short
edgeX XAGUSDC	+0.0046%	4h	65.107	−0.173%	$663K	$314K	30x	as long as short
Vest SI-PERP	+0.0046%	1h	65.658	+0.672%	—	—	25x	as long as short
Aevo XAG-PERP	+0.0048%	1h	65.230	+0.015%	$47K	—	10x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.215	−0.008%	$3.8M	$892K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.170	−0.077%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0054%	8h	65.212	−0.013%	$29K	$1K	5x	as long as short
Phoenix SILVER	+0.0061%	1h	65.211	−0.014%	$56K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0068%	1h	65.187	−0.051%	$173.2M	$84.9M	25x	as long as short
Kalshi KXSILVERPERP	+0.0080%	24h	65.249	+0.044%	$483K	$32.2M	8.1x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	64.970	−0.383%	$1.6M	$1.4M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.182	−0.058%	$464K	$600K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.180	−0.061%	$25.3M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.180	−0.061%	$111K	$19K	50x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.252	+0.050%	$1.3M	$4.9M	20x	as long as short
BloFin XAG-USDT	+0.0143%	4h	65.240	+0.031%	$2.7M	$626K	100x	as long as short
GRVT XAG_USDT_Perp	+0.0146%	4h	65.293	+0.112%	$395K	$1.6M	25x	as long as short
Nado XAG-PERP	+0.0154%	1h	65.207	−0.020%	$1.2M	$4.7M	10x	as long as short
Bitget XAGUSDT	+0.0160%	4h	65.250	+0.046%	$23.2M	$44.8M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0173%	8h	65.260	+0.061%	$28.4M	$70.5M	50x	as long as short
Lighter XAG	+0.0184%	1h	65.225	+0.007%	$5.3M	$11.3M	25x	as long as short
Aftermath Perps XAGUSD	+0.0190%	1h	65.162	−0.088%	$78K	$37K	10x	as long as short
Deribit SILVER_USDC-PERPETUALlong	+0.0210%	1h	65.220	long leg	$65K	$397K	20x
Hibachi XAG/USDT-P	+0.0232%	1h	65.239	+0.029%	$20K	$17K	10x	as long as short
Bullet SILVER-USD	+0.0235%	1h	65.247	+0.041%	$45K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.235	+0.023%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0364%	1h	65.213	−0.010%	$1.0M	$869K	25x	as long as short