Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 19:00 UTC−0.0096%/8hpaid last 24h −0.023%

Price spread now: Phoenix against edgeX−0.060%7-day average — · you buy dearer than you sell

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

Long on edgeX Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.051%+$5 on $10k

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

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Phoenix is 0.060% cheaper against edgeX than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.051%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XAGUSDC	66.268	0.0132	pay 0.0066% / 4h	21m 18s	$670K	$313K	30x
Short	Phoenix SILVER	66.228	0.0036	get 0.0005% / 1h	21m 18s	$56K	$26K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.060%Rate

Funding earned: −$20.18
Price spread: −0.060% → 0.000%: −$5.97
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$42.15
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 12 min ago; Phoenix: no order-book sample. 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 edgeX live order book, 12 min ago	2.27 bp	6.8 bp −$7	6.8 bp −$68	9.2 bp −$919	21.2 bp −$10.6K
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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
Ondo Perps XAG-USD.P	−0.0066%	1h	66.150	−0.177%	$6.2M	$8.8M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	66.222	−0.069%	$15K	$997	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.250	−0.026%	$133.4M	$192.3M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.260	−0.011%	$2K	$3.5M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.300	+0.049%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.260	−0.011%	$1.5M	$258K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.202	−0.099%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.244	−0.036%	$4.7M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.196	−0.107%	$5.4M	$14.8M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.200%	$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
Phoenix SILVERshort	+0.0036%	1h	66.228	−0.060%	$56K	$26K	25x
Kalshi KXSILVERPERP	+0.0040%	24h	66.238	−0.045%	$691K	$21.6M	8.1x	as long as short
Hotstuff SILVER-PERP	+0.0040%	1h	66.224	−0.066%	$35K	$21K	20x	as long as short
StandX XAG-USD	+0.0040%	1h	66.210	−0.087%	$701K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.711	+0.669%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.228	−0.060%	$161.8M	$94.9M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.228	−0.060%	$3.9M	$740K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.205	−0.094%	$4K	$5K	20x	as long as short
QFEX SILVER-USD	+0.0052%	1h	66.240	−0.042%	$134K	$2.8M	20x	as long as short
BloFin XAG-USDT	+0.0063%	4h	66.230	−0.057%	$2.6M	$1.4M	100x	as long as short
Paradex XAG-USD-PERP	+0.0077%	8h	66.247	−0.031%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0096%	4h	66.248	−0.029%	$2.8M	$1.2M	100x	as long as short
Pacifica XAG	+0.0100%	1h	66.208	−0.090%	$473K	$701K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.210	−0.087%	$24.1M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.210	−0.087%	$113K	$88K	50x	as long as short
Lighter XAG	+0.0104%	1h	66.247	−0.031%	$5.5M	$10.7M	25x	as long as short
Variational Omni XAG	+0.0118%	4h	66.215	−0.080%	$5.6M	$12.6M	—	as long as short
Aevo XAG-PERP	+0.0120%	1h	66.263	−0.007%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0122%	4h	66.250	−0.026%	$123.9M	$188.0M	1000x	as long as short
Binance XAGUSDT	+0.0122%	4h	66.259	−0.013%	$191.9M	$787.6M	100x	as long as short
edgeX XAGUSDClong	+0.0132%	4h	66.268	long leg	$670K	$313K	30x
Bybit XAGUSDT	+0.0156%	4h	66.270	+0.004%	$25.3M	$37.7M	150x	as long as short
RISEx XAG/USDC	+0.0161%	1h	66.253	−0.022%	$1.4M	$4.3M	20x	as long as short
Nado XAG-PERP	+0.0166%	1h	66.199	−0.103%	$1.3M	$6.5M	10x	as long as short
OKX XAG-USDT-SWAP	+0.0167%	8h	66.260	−0.011%	$27.4M	$67.8M	50x	as long as short
Bullet SILVER-USD	+0.0174%	1h	66.253	−0.021%	$46K	$77K	10x	as long as short
Aftermath Perps XAGUSD	+0.0181%	1h	66.204	−0.096%	$80K	$39K	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.040	−0.343%	$1.9M	$1.2M	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0203%	1h	66.250	−0.026%	$88K	$501K	20x	as long as short
GRVT XAG_USDT_Perp	+0.0214%	4h	66.260	−0.012%	$398K	$1.7M	25x	as long as short
Hibachi XAG/USDT-P	+0.0256%	1h	66.199	−0.104%	$20K	$21K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0278% / S −0.0261%	1h	66.255	−0.019%	$103K	—	111x	as long as short
Bitget XAGUSDT	+0.0284%	4h	66.260	−0.011%	$23.4M	$50.6M	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0421%	1h	66.238	−0.044%	$779K	$644K	25x	as long as short