Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0230%/8h= +25.2% APRpaid last 24h +0.061%

Price spread now: Bitget against dYdX+0.096%7-day average — · you sell dearer than you buy

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

Long on dYdX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Bitget is 0.096% dearer against dYdX than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX XAG-USD	65.477	0	get 0.0000% / 1h	57m 37s	$12K	$6K	5x
Short	Bitget XAGUSDT	65.540	0.0230	get 0.0115% / 4h	2h 57m	$23.0M	$49.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against dYdX. 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 dYdXbpFee BitgetbpOrdersPrice spread, now +0.096%Rate

Funding earned: $48.3
Price spread: +0.096% → 0.000%: $9.59
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: $35.89
Costs to cover: 0.220%
Break-even: 1.8 days

Slippage unknown: dYdX: no order-book sample; Bitget: live order book, 1 min ago. 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 dYdX no order-book sample	—	—	—	—	—
Sell Bitget live order book, 1 min ago	0.76 bp	7.6 bp −$8	9.5 bp −$95	20.5 bp −$2,047	48.4 bp −$24.2K

dYdX: 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
Injective XAG/USDC PERP	−0.0220%	1h	64.602	−1.337%	$11K	$240	52x	as long as short
Ondo Perps XAG-USD.P	−0.0070%	1h	65.430	−0.072%	$5.7M	$10.2M	25x	as long as short
dYdX XAG-USDlong	0.0000%	1h	65.477	long leg	$12K	$6K	5x
Gate XAG_USDT	0.0000%	4h	65.540	+0.096%	$137.8M	$191.7M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.600	+0.188%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.610	+0.203%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.590	+0.172%	$1.5M	$253K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.591	+0.174%	$119K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.531	+0.083%	$4.5M	$9.2M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.501	+0.036%	$5.1M	$11.9M	10x	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	65.610	+0.203%	$789K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.028	+0.841%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.505	+0.042%	$174.1M	$92.4M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.561	+0.128%	$3.8M	$890K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.530	+0.081%	$3K	$6K	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0055%	1h	65.570	+0.142%	$77K	$435K	20x	as long as short
QFEX SILVER-USD	+0.0062%	1h	65.600	+0.188%	$435K	$1.5M	20x	as long as short
Nado XAG-PERP	+0.0069%	1h	65.570	+0.141%	$1.3M	$4.1M	10x	as long as short
Variational Omni XAG	+0.0076%	4h	65.573	+0.146%	$5.4M	$9.1M	—	as long as short
Paradex XAG-USD-PERP	+0.0077%	8h	65.522	+0.069%	$29K	$166	5x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0088%	1h	65.570	+0.142%	$1.6M	$1.6M	20x	as long as short
Kalshi KXSILVERPERP	+0.0090%	24h	65.591	+0.174%	$660K	$36.2M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	65.491	+0.021%	$466K	$588K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.500	+0.035%	$25.3M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.570	+0.142%	$112K	$19K	50x	as long as short
Phoenix SILVER	+0.0111%	1h	65.549	+0.110%	$56K	$12K	25x	as long as short
MEXC SILVER_USDT	+0.0118%	4h	65.530	+0.081%	$114.8M	$156.5M	1000x	as long as short
Binance XAGUSDT	+0.0119%	4h	65.543	+0.100%	$193.5M	$822.8M	100x	as long as short
Hotstuff SILVER-PERP	+0.0120%	1h	65.612	+0.206%	$35K	$22K	20x	as long as short
Aevo XAG-PERP	+0.0120%	1h	65.573	+0.146%	$47K	—	10x	as long as short
edgeX XAGUSDC	+0.0128%	4h	65.632	+0.237%	$669K	$315K	30x	as long as short
Aster XAGUSDT	+0.0132%	4h	65.547	+0.107%	$2.7M	$1.1M	100x	as long as short
Bullet SILVER-USD	+0.0175%	1h	65.604	+0.193%	$45K	$75K	10x	as long as short
Lighter XAG	+0.0184%	1h	65.549	+0.109%	$5.1M	$11.3M	25x	as long as short
Aftermath Perps XAGUSD	+0.0196%	1h	65.549	+0.110%	$79K	$37K	10x	as long as short
RISEx XAG/USDC	+0.0206%	1h	65.617	+0.213%	$1.2M	$4.9M	20x	as long as short
OKX XAG-USDT-SWAP	+0.0210%	8h	65.530	+0.081%	$28.2M	$81.0M	50x	as long as short
Bitget XAGUSDTshort	+0.0230%	4h	65.540	+0.096%	$23.0M	$49.4M	100x
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.585	+0.165%	$93K	—	111x	as long as short
Bybit XAGUSDT	+0.0252%	4h	65.550	+0.111%	$30.7M	$45.1M	150x	as long as short
GRVT XAG_USDT_Perp	+0.0302%	4h	65.567	+0.137%	$384K	$1.6M	25x	as long as short
BloFin XAG-USDT	+0.0362%	4h	65.620	+0.218%	$2.7M	$711K	100x	as long as short
Hibachi XAG/USDT-P	+0.0368%	1h	65.589	+0.171%	$21K	$12K	10x	as long as short
Kraken Futures PF_XAGUSD	+0.0773%	1h	65.559	+0.125%	$1.0M	$893K	25x	as long as short