Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0056%/8hnext payment −$0.07 per $10,000 · paid last 24h −0.047%

Price spread now: Lighter against Hibachi+0.026%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 Lighter

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 · Lighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Lighter is 0.026% dearer against Hibachi than usual: you sell high and buy low (spread +0.026% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 37 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi XAG/USDT-P	66.049	0.0216	pay 0.0027% / 1h	57m 43s	$20K	$21K	10x
Short	Lighter XAG	66.067	0.0160	get 0.0020% / 1h	57m 43s	$5.4M	$10.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$11.76
Price spread: +0.026% → 0.000%: $2.6
Slippage, 4 orders: no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$18.16
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Hibachi: no order-book sample; Lighter: 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 Lighter live order book, 5 min ago	0.07 bp	0.1 bp $0	0.2 bp −$2	6.9 bp −$690	18.8 bp −$9,377

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
Ondo Perps XAG-USD.P	−0.0006%	1h	66.000	−0.075%	$6.2M	$8.9M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	66.039	−0.016%	$15K	$997	5x	as long as short
SunX XAG-USDT	0.0000%	4h	66.070	+0.031%	$2K	$3.5M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.070	+0.031%	$1.1M	$1.1M	75x	as long as short
Bybit XAGUSDT	+0.0004%	4h	66.080	+0.046%	$25.1M	$37.7M	150x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.995	−0.082%	$119K	—	25x	as long as short
Lighter RH XAG	+0.0032%	1h	66.040	−0.014%	$4.6M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.999	−0.077%	$5.4M	$14.9M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.531%	$11K	$94K	52x	as long as short
Phoenix SILVER	+0.0036%	1h	66.092	+0.065%	$56K	$26K	25x	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	66.040	−0.014%	$699K	$2.8M	40x	as long as short
Kalshi KXSILVERPERP	+0.0043%	24h	66.017	−0.049%	$684K	$21.6M	8.1x	as long as short
Vest SI-PERP	+0.0046%	1h	66.519	+0.711%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.031	−0.028%	$3.9M	$740K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.991	−0.088%	$4K	$5K	20x	as long as short
QFEX SILVER-USD	+0.0053%	1h	66.060	+0.016%	$124K	$2.8M	20x	as long as short
Hotstuff SILVER-PERP	+0.0064%	1h	66.030	−0.029%	$35K	$21K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0068%	1h	66.045	−0.007%	$161.7M	$95.3M	25x	as long as short
Paradex XAG-USD-PERP	+0.0073%	8h	66.057	+0.012%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0093%	4h	66.061	+0.018%	$2.8M	$1.2M	100x	as long as short
Pacifica XAG	+0.0100%	1h	66.015	−0.052%	$472K	$698K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.020	−0.044%	$24.0M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.100	+0.077%	$113K	$88K	50x	as long as short
Gate XAG_USDT	+0.0106%	4h	66.060	+0.016%	$133.0M	$192.3M	100x	as long as short
Variational Omni XAG	+0.0116%	4h	66.144	+0.143%	$5.6M	$12.5M	—	as long as short
MEXC SILVER_USDT	+0.0124%	4h	66.060	+0.016%	$114.6M	$189.3M	1000x	as long as short
Binance XAGUSDT	+0.0125%	4h	66.068	+0.029%	$191.0M	$791.1M	100x	as long as short
edgeX XAGUSDC	+0.0127%	4h	66.146	+0.146%	$669K	$314K	30x	as long as short
Aevo XAG-PERP	+0.0128%	1h	66.067	+0.026%	$47K	—	10x	as long as short
Lighter XAGshort	+0.0160%	1h	66.067	+0.026%	$5.4M	$10.6M	25x
RISEx XAG/USDC	+0.0162%	1h	66.063	+0.021%	$1.4M	$4.4M	20x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0168%	1h	66.040	−0.014%	$1.9M	$1.2M	20x	as long as short
OKX XAG-USDT-SWAP	+0.0170%	8h	66.080	+0.046%	$27.5M	$68.2M	50x	as long as short
BloFin XAG-USDT	+0.0172%	4h	66.150	+0.152%	$2.6M	$1.4M	100x	as long as short
Aftermath Perps XAGUSD	+0.0183%	1h	66.070	+0.032%	$79K	$40K	10x	as long as short
Bullet SILVER-USD	+0.0196%	1h	66.063	+0.021%	$45K	$76K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0212%	4h	66.151	+0.154%	$401K	$1.8M	25x	as long as short
Hibachi XAG/USDT-Plong	+0.0216%	1h	66.049	long leg	$20K	$21K	10x
Bitget XAGUSDT	+0.0276%	4h	66.070	+0.031%	$23.2M	$51.0M	100x	as long as short
Nado XAG-PERP	+0.0286%	1h	66.001	−0.073%	$1.3M	$6.5M	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0302% / S −0.0300%	1h	66.065	+0.024%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0356%	1h	66.040	−0.014%	$88K	$501K	20x	as long as short
Phemex XAGUSDT	+0.0377%	4h	66.090	+0.062%	$1.5M	$259K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0402%	1h	66.032	−0.026%	$777K	$652K	25x	as long as short