Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0195%/8h= −21.4% APRpaid last 24h −0.025%

Price spread now: Lighter RH against edgeX+0.025%7-day average −0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$170.174% of the position

Long on edgeX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 4 days (all we have)−0.076%−$8 · spread now +0.025%, 7d avg −0.026%

Together, before fees−0.092%+ Points / potential airdropedgeX: Active · Lighter RH: Points live · farm board−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter RH is 0.052% dearer against edgeX than usual: you sell high and buy low (spread +0.025% now, against its 7-day average of −0.026%): +$5 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 21 hours. At the pace of the last 7 days (−0.016% in total) that is about 23 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.016% in total (about -0.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XAGUSDC	66.058	0.0227	pay 0.0114% / 4h	7m 25s	$670K	$311K	30x
Short	Lighter RH XAG	66.074	0.0032	get 0.0004% / 1h	7m 25s	$4.8M	$9.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.025%Rate

Funding earned: −$41.04
Price spread: +0.025% → −0.026%: $5.17
Slippage, 4 orders: −$8.39
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$53.26
Costs to cover: 0.174%
Break-even: never at this rate

Slippage from edgeX: live order book, 51 min ago; Lighter RH: live order book, 1 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, 51 min ago	2.27 bp	6.8 bp −$7	6.8 bp −$68	9.2 bp −$918	21.0 bp −$10.5K
Sell Lighter RH live order book, 1 min ago	1.08 bp	1.1 bp −$1	1.9 bp −$19	16.8 bp −$1,684	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
dYdX XAG-USD	0.0000%	1h	66.018	−0.060%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.100	+0.064%	$150.1M	$163.9M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.060	+0.004%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.130	+0.110%	$1.0M	$968K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.130	+0.110%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.022	−0.053%	$120K	—	250x	as long as short
Lighter RH XAGshort	+0.0032%	1h	66.074	+0.025%	$4.8M	$9.6M	25x
Extended XAG-USD	+0.0032%	1h	66.015	−0.065%	$5.2M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.518%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.110	+0.079%	$795K	$3.1M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAG-USD.P	+0.0044%	1h	65.960	−0.148%	$5.7M	$9.6M	25x	as long as short
Vest SI-PERP	+0.0046%	1h	66.517	+0.695%	—	—	25x	as long as short
Hotstuff SILVER-PERP	+0.0048%	1h	66.057	−0.001%	$35K	$21K	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.057	−0.001%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.996	−0.093%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.090	+0.049%	$115K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0060%	1h	66.053	−0.007%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0071%	24h	66.040	−0.027%	$547K	$25.4M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	66.033	−0.037%	$470K	$615K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.060	+0.004%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.030	−0.042%	$113K	$30K	50x	as long as short
tradeXYZ xyz:SILVER	+0.0127%	1h	66.054	−0.005%	$166.0M	$73.5M	25x	as long as short
RISEx XAG/USDC	+0.0137%	1h	66.077	+0.029%	$1.3M	$4.6M	20x	as long as short
Paradex XAG-USD-PERP	+0.0144%	8h	66.084	+0.040%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0149%	4h	66.080	+0.034%	$2.7M	$868K	100x	as long as short
Bybit XAGUSDT	+0.0172%	4h	66.100	+0.064%	$27.1M	$36.1M	150x	as long as short
Lighter XAG	+0.0184%	1h	66.078	+0.030%	$5.3M	$10.8M	25x	as long as short
Aevo XAG-PERP	+0.0200%	1h	66.082	+0.037%	$47K	—	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.020	−0.057%	$1.8M	$1.0M	20x	as long as short
Variational Omni XAG	+0.0204%	4h	66.063	+0.008%	$5.6M	$9.5M	—	as long as short
MEXC SILVER_USDT	+0.0214%	4h	66.090	+0.049%	$110.7M	$153.0M	1000x	as long as short
Nado XAG-PERP	+0.0215%	1h	66.038	−0.030%	$1.4M	$6.4M	10x	as long as short
Binance XAGUSDT	+0.0217%	4h	66.090	+0.049%	$192.7M	$700.1M	100x	as long as short
Aftermath Perps XAGUSD	+0.0222%	1h	66.069	+0.017%	$80K	$36K	10x	as long as short
edgeX XAGUSDClong	+0.0227%	4h	66.058	long leg	$670K	$311K	30x
OKX XAG-USDT-SWAP	+0.0235%	8h	66.090	+0.049%	$27.7M	$65.0M	50x	as long as short
Bitget XAGUSDT	+0.0258%	4h	66.090	+0.049%	$23.8M	$45.4M	100x	as long as short
BloFin XAG-USDT	+0.0264%	4h	66.120	+0.094%	$2.6M	$554K	100x	as long as short
GRVT XAG_USDT_Perp	+0.0276%	4h	66.090	+0.049%	$389K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0291%	1h	66.096	+0.058%	$44K	$76K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0356%	1h	66.050	−0.012%	$75K	$362K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0383% / S −0.0424%	1h	66.095	+0.057%	$103K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0384%	1h	66.054	−0.006%	$20K	$19K	10x	as long as short
Kraken Futures PF_XAGUSD	+0.0485%	1h	66.045	−0.019%	$911K	$683K	25x	as long as short