Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0126%/8h= +13.8% APRpaid last 24h +0.012%

Price spread now: BloFin against Extended+0.084%54s7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as 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−$260.260% of the position

Long on Extended Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.254%−$25 on $10k

Price spread, last 3 days (all we have)+0.054%+$5 · spread now +0.084%, 7d avg +0.056%

Together, before fees−0.200%+ Points / potential airdropExtended: Active · farm board−$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.028% dearer against Extended than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.056%. Mind the row above: over the last 7 days funding on this pair cost −0.254%, so the current rate has only just turned in your favour. The two prices were read 54 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	Extended XAG-USD	66.414	0.0032	pay 0.0004% / 1h	56m 07s	$5.4M	$12.5M	10x
Short	BloFin XAG-USDT	66.470	0.0158	get 0.0079% / 4h	2h 56m	$2.6M	$663K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Extended. 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 ExtendedbpFee BloFinbpOrdersPrice spread, now +0.084%Rate

Funding earned: $26.49
Price spread: +0.084% → +0.056%: $2.79
Slippage, 4 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: $3.28
Costs to cover: 0.260%
Break-even: 6.1 days

Slippage from Extended: live order book, 3 min ago; BloFin: live order book, 7 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 Extended live order book, 3 min ago	0.60 bp	3.1 bp −$3	5.6 bp −$56	12.6 bp −$1,257	doesn't fit
Sell BloFin live order book, 7 min ago	0.75 bp	6.8 bp −$7	6.8 bp −$68	7.4 bp −$744	14.5 bp −$7,238

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	66.388	−0.039%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.620	+0.310%	$26.1M	$35.8M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.580	+0.250%	$154.7M	$159.9M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.570	+0.235%	$2K	$2.9M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.510	+0.144%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.590	+0.265%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.396	−0.027%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.550	+0.204%	$4.8M	$9.3M	25x	as long as short
Extended XAG-USDlong	+0.0032%	1h	66.414	long leg	$5.4M	$12.5M	10x
Hotstuff SILVER-PERP	+0.0032%	1h	66.373	−0.062%	$35K	$21K	20x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.021%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.430	+0.024%	$799K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.907	+0.742%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.369	−0.068%	$56K	$26K	25x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.400	−0.021%	$5.7M	$9.6M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.449	+0.052%	$3.9M	$669K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.470	+0.084%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.450	+0.054%	$115K	$2.8M	20x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.430	+0.024%	$550K	$23.0M	8.1x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.509	+0.142%	$1.2M	$4.3M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0095%	1h	66.539	+0.188%	$166.1M	$85.2M	25x	as long as short
Aster XAGUSDT	+0.0098%	4h	66.506	+0.139%	$2.8M	$1.0M	100x	as long as short
Pacifica XAG	+0.0100%	1h	66.446	+0.048%	$473K	$611K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.470	+0.084%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.390	−0.036%	$126K	$23K	50x	as long as short
Lighter XAG	+0.0112%	1h	66.554	+0.210%	$5.3M	$10.4M	25x	as long as short
Paradex XAG-USD-PERP	+0.0113%	8h	66.459	+0.068%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0115%	4h	66.455	+0.061%	$5.6M	$9.8M	—	as long as short
edgeX XAGUSDC	+0.0123%	4h	66.509	+0.143%	$675K	$316K	30x	as long as short
MEXC SILVER_USDT	+0.0126%	4h	66.560	+0.220%	$108.3M	$156.1M	1000x	as long as short
Binance XAGUSDT	+0.0126%	4h	66.603	+0.284%	$193.0M	$716.0M	100x	as long as short
Aevo XAG-PERP	+0.0128%	1h	66.486	+0.109%	$48K	—	10x	as long as short
BloFin XAG-USDTshort	+0.0158%	4h	66.470	+0.084%	$2.6M	$663K	100x
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.380	−0.051%	$1.9M	$962K	20x	as long as short
GRVT XAG_USDT_Perp	+0.0190%	4h	66.454	+0.060%	$402K	$1.5M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0193%	8h	66.600	+0.280%	$28.0M	$66.8M	50x	as long as short
Bitget XAGUSDT	+0.0200%	4h	66.580	+0.250%	$24.5M	$46.5M	100x	as long as short
Aftermath Perps XAGUSD	+0.0209%	1h	66.470	+0.085%	$80K	$39K	10x	as long as short
Nado XAG-PERP	+0.0226%	1h	66.465	+0.076%	$1.3M	$6.5M	10x	as long as short
Bullet SILVER-USD	+0.0261%	1h	66.466	+0.078%	$45K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0292% / S −0.0281%	1h	66.465	+0.077%	$103K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0304%	1h	66.370	−0.066%	$20K	$22K	10x	as long as short
Kraken Futures PF_XAGUSD	+0.0462%	1h	66.481	+0.101%	$767K	$552K	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0502%	1h	66.540	+0.190%	$50K	$331K	20x	as long as short