Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0076%/8h= −8.3% APRpaid last 24h −0.046%

Price spread now: Binance against Hibachi+0.129%7-day average — · you sell dearer than you buy

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

Long on Hibachi Short on Binance

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

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

The price spread pays, funding is against you. Binance is 0.129% dearer against Hibachi than usual: you sell high and buy low (spread +0.129% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi XAG/USDT-P	66.270	0.0272	pay 0.0034% / 1h	23m 56s	$20K	$19K	10x
Short	Binance XAGUSDT	66.356	0.0196	get 0.0098% / 4h	1h 23m	$192.2M	$705.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Hibachi. 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 HibachibpFee BinancebpOrdersPrice spread, now +0.129%Rate

Funding earned: −$15.93
Price spread: +0.129% → 0.000%: $12.92
Slippage, 4 orders: no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$22.01
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Hibachi: no order-book sample; Binance: live order book, 5 min ago. 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 Hibachi no order-book sample	—	—	—	—	—
Sell Binance live order book, 5 min ago	0.75 bp	5.8 bp −$6	5.8 bp −$58	8.6 bp −$862	22.3 bp −$11.1K

Hibachi: 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
dYdX XAG-USD	0.0000%	1h	66.272	+0.003%	$15K	—	5x	as long as short
Hotstuff SILVER-PERP	0.0000%	1h	66.341	+0.107%	$35K	$21K	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.360	+0.136%	$150.3M	$164.3M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.380	+0.166%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.380	+0.166%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.360	+0.136%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.299	+0.043%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.333	+0.095%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.285	+0.023%	$5.3M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.196%	$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	66.310	+0.060%	$798K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.810	+0.815%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.352	+0.124%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.282	+0.018%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.260	−0.015%	$5.7M	$9.8M	25x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.370	+0.151%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0065%	24h	66.335	+0.098%	$536K	$24.6M	8.1x	as long as short
Phoenix SILVER	+0.0084%	1h	66.308	+0.057%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0097%	1h	66.329	+0.089%	$166.1M	$73.4M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.323	+0.080%	$472K	$610K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.310	+0.060%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.280	+0.015%	$113K	$30K	50x	as long as short
Paradex XAG-USD-PERP	+0.0134%	8h	66.366	+0.145%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0136%	4h	66.363	+0.140%	$2.7M	$877K	100x	as long as short
Bybit XAGUSDT	+0.0154%	4h	66.370	+0.151%	$26.9M	$36.1M	150x	as long as short
BloFin XAG-USDT	+0.0175%	4h	66.340	+0.106%	$2.6M	$553K	100x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.356	+0.130%	$48K	—	10x	as long as short
RISEx XAG/USDC	+0.0181%	1h	66.390	+0.181%	$1.3M	$4.5M	20x	as long as short
Variational Omni XAG	+0.0184%	4h	66.321	+0.078%	$5.6M	$9.8M	—	as long as short
Lighter XAG	+0.0192%	1h	66.340	+0.105%	$5.3M	$10.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.350	+0.121%	$1.9M	$995K	20x	as long as short
MEXC SILVER_USDT	+0.0196%	4h	66.340	+0.106%	$105.4M	$153.6M	1000x	as long as short
Binance XAGUSDTshort	+0.0196%	4h	66.356	+0.129%	$192.2M	$705.4M	100x
edgeX XAGUSDC	+0.0204%	4h	66.323	+0.080%	$673K	$313K	30x	as long as short
Nado XAG-PERP	+0.0211%	1h	66.333	+0.096%	$1.3M	$6.6M	10x	as long as short
OKX XAG-USDT-SWAP	+0.0217%	8h	66.350	+0.121%	$27.8M	$65.9M	50x	as long as short
Aftermath Perps XAGUSD	+0.0232%	1h	66.282	+0.019%	$80K	$38K	10x	as long as short
Bitget XAGUSDT	+0.0246%	4h	66.350	+0.121%	$23.8M	$45.8M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0268%	4h	66.347	+0.116%	$402K	$1.5M	25x	as long as short
Hibachi XAG/USDT-Plong	+0.0272%	1h	66.270	long leg	$20K	$19K	10x
Bullet SILVER-USD	+0.0279%	1h	66.377	+0.162%	$46K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0351% / S −0.0373%	1h	66.375	+0.158%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0353%	1h	66.340	+0.106%	$50K	$322K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0549%	1h	66.335	+0.098%	$915K	$671K	25x	as long as short