Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0205%/8h= −22.4% APRpaid last 24h −0.083%

Price spread now: HTX against Deribit+0.076%7-day average +0.059% · 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−$28as in the Price arb table

costs, in and out, $10k−$300.296% of the position

Long on Deribit Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.142%−$14 on $10k

Price spread, last 4 days (all we have)−0.056%−$6 · spread now +0.076%, 7d avg +0.059%

Together, before fees−0.198%−$20 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.059%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SILVER_USDC-PERPETUAL	65.970	0.0205	pay 0.0026% / 1h	39m 13s	$75K	$363K	20x
Short	HTX XAG-USDT	66.020	0	get 0.0000% / 4h	3h 39m	$1.0M	$966K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.076%Rate

Funding earned: −$43.04
Price spread: +0.076% → +0.059%: $1.66
Slippage, 4 orders: −$10.56
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$70.94
Costs to cover: 0.296%
Break-even: never at this rate

Slippage from Deribit: live order book, 14 min ago; HTX: 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 Deribit live order book, 14 min ago	0.76 bp	4.3 bp −$4	4.6 bp −$46	doesn't fit	doesn't fit
Sell HTX live order book, 5 min ago	2.27 bp	8.3 bp −$8	12.3 bp −$123	18.4 bp −$1,844	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	−0.0046%	1h	65.880	−0.136%	$5.7M	$9.3M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.934	−0.055%	$14K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.000	+0.045%	$149.5M	$163.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.990	+0.030%	$2K	$2.6M	20x	as long as short
HTX XAG-USDTshort	0.0000%	4h	66.020	+0.076%	$1.0M	$966K	75x
Phemex XAGUSDT	0.0000%	4h	65.990	+0.030%	$1.5M	$320K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.930	−0.060%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.976	+0.009%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.931	−0.059%	$5.1M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.652%	$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
StandX XAG-USD	+0.0040%	1h	65.970	0.000%	$793K	$3.1M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.408	+0.664%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.958	−0.018%	$3.9M	$674K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.931	−0.059%	$3K	$6K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.952	−0.027%	$166.0M	$73.5M	25x	as long as short
QFEX SILVER-USD	+0.0060%	1h	65.980	+0.015%	$114K	$2.7M	20x	as long as short
Hotstuff SILVER-PERP	+0.0072%	1h	65.963	−0.011%	$35K	$21K	20x	as long as short
Kalshi KXSILVERPERP	+0.0072%	24h	65.954	−0.024%	$540K	$25.9M	8.1x	as long as short
Phoenix SILVER	+0.0073%	1h	65.889	−0.123%	$56K	$26K	25x	as long as short
RISEx XAG/USDC	+0.0080%	1h	65.992	+0.033%	$1.3M	$4.9M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.924	−0.070%	$469K	$612K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.960	−0.015%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.920	−0.076%	$113K	$30K	50x	as long as short
Bybit XAGUSDT	+0.0109%	4h	66.010	+0.061%	$27.4M	$36.4M	150x	as long as short
Lighter XAG	+0.0112%	1h	65.982	+0.018%	$5.2M	$10.6M	25x	as long as short
Paradex XAG-USD-PERP	+0.0116%	8h	65.986	+0.024%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0137%	4h	65.970	0.000%	$2.7M	$871K	100x	as long as short
Nado XAG-PERP	+0.0181%	1h	65.953	−0.026%	$1.4M	$6.0M	10x	as long as short
Aevo XAG-PERP	+0.0184%	1h	65.978	+0.012%	$47K	—	10x	as long as short
Variational Omni XAG	+0.0188%	4h	65.963	−0.010%	$5.6M	$9.4M	—	as long as short
Binance XAGUSDT	+0.0202%	4h	65.990	+0.030%	$191.0M	$702.6M	100x	as long as short
MEXC SILVER_USDT	+0.0202%	4h	65.980	+0.015%	$112.8M	$152.1M	1000x	as long as short
BloFin XAG-USDT	+0.0204%	4h	66.000	+0.045%	$2.6M	$556K	100x	as long as short
Deribit SILVER_USDC-PERPETUALlong	+0.0205%	1h	65.970	long leg	$75K	$363K	20x
GRVT XAG_USDT_Perp	+0.0206%	4h	65.973	+0.005%	$394K	$1.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	65.950	−0.030%	$1.8M	$1.0M	20x	as long as short
Aftermath Perps XAGUSD	+0.0213%	1h	65.945	−0.038%	$79K	$36K	10x	as long as short
edgeX XAGUSDC	+0.0213%	4h	65.953	−0.025%	$669K	$310K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0233%	8h	66.000	+0.045%	$27.7M	$64.8M	50x	as long as short
Bullet SILVER-USD	+0.0234%	1h	65.996	+0.039%	$45K	$76K	10x	as long as short
Bitget XAGUSDT	+0.0242%	4h	65.990	+0.030%	$23.9M	$45.3M	100x	as long as short
Hibachi XAG/USDT-P	+0.0328%	1h	65.930	−0.061%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0387% / S −0.0440%	1h	65.995	+0.038%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0624%	1h	65.958	−0.018%	$910K	$683K	25x	as long as short