Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0018%/8h= +2.0% APRpaid last 24h +0.021%

Price spread now: Coinbase International against edgeX+0.010%7-day average −0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$10as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$280.277% of the position

Long on edgeX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.174%+$17 on $10k

Price spread, last 3 days (all we have)−0.034%−$3 · spread now +0.010%, 7d avg −0.024%

Together, before fees+0.139%+ Points / potential airdropedgeX: Active · farm board+$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Coinbase International is 0.034% dearer against edgeX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XAGUSDC	66.514	0.0166	pay 0.0083% / 4h	2h 35m	$675K	$314K	30x
Short	Coinbase International SILVER-PERP-INTX	66.520	0.0184	get 0.0023% / 1h	35m 33s	$1.9M	$967K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against edgeX. 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 edgeXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.010%Rate

Funding earned: $3.76
Price spread: +0.010% → −0.024%: $3.41
Slippage, 4 orders: −$8.73
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$20.56
Costs to cover: 0.277%
Break-even: 45.3 days

Slippage from edgeX: live order book, 33 min ago; Coinbase International: 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 edgeX live order book, 33 min ago	2.25 bp	6.8 bp −$7	6.8 bp −$68	9.2 bp −$916	20.8 bp −$10.4K
Sell Coinbase International live order book, 3 min ago	0.75 bp	8.5 bp −$8	11.2 bp −$112	doesn't fit	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
Hotstuff SILVER-PERP	−0.0008%	1h	66.447	−0.100%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	66.356	−0.236%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.490	−0.035%	$153.5M	$162.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.430	−0.126%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.450	−0.096%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.440	−0.111%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.350	−0.247%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.455	−0.088%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.409	−0.158%	$5.4M	$12.3M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.171%	$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	66.410	−0.156%	$799K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.845	+0.498%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.413	−0.151%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.384	−0.195%	$3.9M	$669K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.348	−0.249%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.380	−0.201%	$5.7M	$9.6M	25x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.460	−0.081%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0061%	24h	66.357	−0.235%	$563K	$23.2M	8.1x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.489	−0.037%	$1.3M	$4.3M	20x	as long as short
Bybit XAGUSDT	+0.0092%	4h	66.500	−0.020%	$26.4M	$35.9M	150x	as long as short
tradeXYZ xyz:SILVER	+0.0095%	1h	66.433	−0.121%	$165.9M	$76.0M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.432	−0.123%	$473K	$605K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.440	−0.111%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.310	−0.306%	$126K	$23K	50x	as long as short
BloFin XAG-USDT	+0.0103%	4h	66.570	+0.085%	$2.6M	$624K	100x	as long as short
Aster XAGUSDT	+0.0117%	4h	66.462	−0.077%	$2.8M	$962K	100x	as long as short
Paradex XAG-USD-PERP	+0.0124%	8h	66.460	−0.080%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0140%	4h	66.405	−0.164%	$5.5M	$9.8M	—	as long as short
Aevo XAG-PERP	+0.0144%	1h	66.416	−0.146%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0152%	4h	66.480	−0.050%	$102.4M	$158.1M	1000x	as long as short
Binance XAGUSDT	+0.0156%	4h	66.482	−0.047%	$192.9M	$707.8M	100x	as long as short
edgeX XAGUSDClong	+0.0166%	4h	66.514	long leg	$675K	$314K	30x
Lighter XAG	+0.0168%	1h	66.472	−0.062%	$5.3M	$10.5M	25x	as long as short
Coinbase International SILVER-PERP-INTXshort	+0.0184%	1h	66.520	+0.010%	$1.9M	$967K	20x
OKX XAG-USDT-SWAP	+0.0199%	8h	66.480	−0.050%	$28.0M	$66.0M	50x	as long as short
Aftermath Perps XAGUSD	+0.0219%	1h	66.408	−0.159%	$80K	$38K	10x	as long as short
Nado XAG-PERP	+0.0228%	1h	66.393	−0.181%	$1.3M	$6.5M	10x	as long as short
Bitget XAGUSDT	+0.0228%	4h	66.490	−0.035%	$24.1M	$46.1M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0242%	4h	66.526	+0.018%	$391K	$1.5M	25x	as long as short
Hibachi XAG/USDT-P	+0.0272%	1h	66.302	−0.318%	$20K	$22K	10x	as long as short
Bullet SILVER-USD	+0.0280%	1h	66.416	−0.147%	$45K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0292% / S −0.0281%	1h	66.425	−0.133%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0353%	1h	66.400	−0.171%	$50K	$325K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0462%	1h	66.375	−0.208%	$765K	$475K	25x	as long as short