Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0182%/8h= −19.9% APRpaid last 24h −0.023%

Price spread now: StandX against edgeX+0.011%63s7-day average −0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$360.363% of the position

Long on edgeX Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.062%−$6 · spread now +0.011%, 7d avg −0.017%

Together, before fees−0.064%+ Points / potential airdropedgeX: Active · StandX: Active · farm board−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. StandX is 0.028% dearer against edgeX than usual: you sell high and buy low (spread +0.011% now, against its 7-day average of −0.017%): +$3 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 12 hours. At the pace of the last 7 days (−0.002% in total) that is about 4 months. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XAGUSDC	66.092	0.0222	pay 0.0111% / 4h	11m 54s	$671K	$313K	30x
Short	StandX XAG-USD	66.100	0.0040	get 0.0005% / 1h	11m 54s	$795K	$3.1M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now +0.011%Rate

Funding earned: −$38.25
Price spread: +0.011% → −0.017%: $2.81
Slippage, 4 orders: −$19.29
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee StandX: 4 bp × 2 orders: −$8
Net: −$71.72
Costs to cover: 0.363%
Break-even: never at this rate

Slippage from edgeX: live order book, 47 min ago; StandX: live order book, 2 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, 47 min ago	2.27 bp	6.8 bp −$7	6.8 bp −$68	9.2 bp −$918	21.0 bp −$10.5K
Sell StandX live order book, 2 min ago	3.03 bp	11.6 bp −$12	11.6 bp −$116	33.2 bp −$3,319	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	−0.113%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.070	−0.034%	$150.0M	$163.7M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.050	−0.064%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.130	+0.057%	$1.0M	$969K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.090	−0.004%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.981	−0.168%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.048	−0.068%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.988	−0.158%	$5.2M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.465%	$11K	$94K	52x	as long as short
StandX XAG-USDshort	+0.0040%	1h	66.100	+0.011%	$795K	$3.1M	40x

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAG-USD.P	+0.0043%	1h	65.960	−0.200%	$5.7M	$9.6M	25x	as long as short
Vest SI-PERP	+0.0046%	1h	66.489	+0.600%	—	—	25x	as long as short
Hotstuff SILVER-PERP	+0.0048%	1h	66.052	−0.061%	$35K	$21K	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.021	−0.108%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.980	−0.170%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.060	−0.049%	$115K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0060%	1h	66.025	−0.102%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0071%	24h	66.038	−0.082%	$547K	$25.4M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	66.023	−0.105%	$470K	$615K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.030	−0.094%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.060	−0.049%	$113K	$30K	50x	as long as short
tradeXYZ xyz:SILVER	+0.0125%	1h	66.027	−0.099%	$165.8M	$74.3M	25x	as long as short
RISEx XAG/USDC	+0.0137%	1h	66.075	−0.026%	$1.3M	$4.5M	20x	as long as short
Paradex XAG-USD-PERP	+0.0140%	8h	66.066	−0.041%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0143%	4h	66.062	−0.046%	$2.7M	$868K	100x	as long as short
Bybit XAGUSDT	+0.0167%	4h	66.080	−0.019%	$27.1M	$36.1M	150x	as long as short
Lighter XAG	+0.0184%	1h	66.040	−0.079%	$5.2M	$10.7M	25x	as long as short
Aevo XAG-PERP	+0.0192%	1h	66.051	−0.062%	$47K	—	10x	as long as short
BloFin XAG-USDT	+0.0193%	4h	66.120	+0.042%	$2.6M	$554K	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.040	−0.079%	$1.8M	$1.0M	20x	as long as short
Variational Omni XAG	+0.0203%	4h	66.163	+0.107%	$5.6M	$9.5M	—	as long as short
MEXC SILVER_USDT	+0.0210%	4h	66.060	−0.049%	$110.7M	$153.0M	1000x	as long as short
Nado XAG-PERP	+0.0211%	1h	66.008	−0.127%	$1.4M	$6.4M	10x	as long as short
Binance XAGUSDT	+0.0211%	4h	66.068	−0.037%	$192.3M	$700.9M	100x	as long as short
Aftermath Perps XAGUSD	+0.0222%	1h	66.060	−0.050%	$80K	$36K	10x	as long as short
edgeX XAGUSDClong	+0.0222%	4h	66.092	long leg	$671K	$313K	30x
OKX XAG-USDT-SWAP	+0.0234%	8h	66.070	−0.034%	$27.7M	$65.0M	50x	as long as short
Bitget XAGUSDT	+0.0256%	4h	66.060	−0.049%	$23.8M	$45.4M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0274%	4h	66.094	+0.002%	$389K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0287%	1h	66.061	−0.047%	$44K	$76K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0356%	1h	66.030	−0.094%	$62K	$349K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0383% / S −0.0424%	1h	66.065	−0.041%	$103K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0384%	1h	66.050	−0.064%	$20K	$19K	10x	as long as short
Kraken Futures PF_XAGUSD	+0.0485%	1h	66.028	−0.097%	$912K	$683K	25x	as long as short