Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0181%/8h= +19.9% APRpaid last 24h +0.030%

Price spread now: RISEx against HTX+0.015%7-day average −0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$390.390% of the position

Long on HTX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.066%+$7 on $10k

Price spread, last 4 days (all we have)−0.143%−$14 · spread now +0.015%, 7d avg −0.045%

Together, before fees−0.077%−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and RISEx is 0.060% dearer against HTX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XAG-USDT	66.360	0	get 0.0000% / 4h	1h 25m	$1.0M	$1.1M	75x
Short	RISEx XAG/USDC	66.370	0.0181	get 0.0023% / 1h	25m 29s	$1.3M	$4.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against HTX. 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 HTXbpFee RISExbpOrdersPrice spread, now +0.015%Rate

Funding earned: $38.11
Price spread: +0.015% → −0.045%: $5.99
Slippage, 4 orders: −$21.02
Fee HTX: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: $5.08
Costs to cover: 0.390%
Break-even: 6.1 days

Slippage from HTX: live order book, 3 min ago; RISEx: live order book, 3 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 HTX live order book, 3 min ago	3.77 bp	18.4 bp −$18	22.7 bp −$227	doesn't fit	doesn't fit
Sell RISEx live order book, 3 min ago	0.75 bp	3.8 bp −$4	4.3 bp −$43	doesn't fit	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	66.272	−0.133%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.360	0.000%	$150.3M	$164.2M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.330	−0.045%	$2K	$2.7M	20x	as long as short
HTX XAG-USDTlong	0.0000%	4h	66.360	long leg	$1.0M	$1.1M	75x
Phemex XAGUSDT	0.0000%	4h	66.350	−0.015%	$1.5M	$252K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.296	−0.097%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.343	−0.026%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.286	−0.112%	$5.2M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.060%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.270	−0.136%	$797K	$2.9M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SI-PERP	+0.0046%	1h	66.793	+0.653%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.331	−0.044%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.257	−0.155%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.270	−0.136%	$5.7M	$9.8M	25x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.340	−0.030%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0065%	24h	66.289	−0.107%	$536K	$24.6M	8.1x	as long as short
Phoenix SILVER	+0.0084%	1h	66.308	−0.078%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0097%	1h	66.330	−0.045%	$166.1M	$74.3M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.294	−0.099%	$472K	$610K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.310	−0.075%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.280	−0.121%	$113K	$30K	50x	as long as short
Hotstuff SILVER-PERP	+0.0120%	1h	66.301	−0.089%	$35K	$21K	20x	as long as short
Paradex XAG-USD-PERP	+0.0134%	8h	66.341	−0.029%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0135%	4h	66.354	−0.010%	$2.7M	$877K	100x	as long as short
Bybit XAGUSDT	+0.0158%	4h	66.380	+0.030%	$26.9M	$36.1M	150x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.323	−0.055%	$48K	—	10x	as long as short
RISEx XAG/USDCshort	+0.0181%	1h	66.370	+0.015%	$1.3M	$4.5M	20x
Variational Omni XAG	+0.0184%	4h	66.321	−0.058%	$5.6M	$9.8M	—	as long as short
Lighter XAG	+0.0192%	1h	66.346	−0.021%	$5.3M	$10.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.310	−0.075%	$1.9M	$981K	20x	as long as short
MEXC SILVER_USDT	+0.0194%	4h	66.360	0.000%	$103.4M	$153.4M	1000x	as long as short
BloFin XAG-USDT	+0.0195%	4h	66.320	−0.060%	$2.6M	$553K	100x	as long as short
Binance XAGUSDT	+0.0196%	4h	66.370	+0.015%	$192.3M	$705.1M	100x	as long as short
edgeX XAGUSDC	+0.0204%	4h	66.323	−0.056%	$673K	$313K	30x	as long as short
Nado XAG-PERP	+0.0211%	1h	66.300	−0.090%	$1.3M	$6.6M	10x	as long as short
OKX XAG-USDT-SWAP	+0.0217%	8h	66.370	+0.015%	$27.8M	$65.9M	50x	as long as short
Aftermath Perps XAGUSD	+0.0234%	1h	66.277	−0.126%	$80K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0246%	4h	66.370	+0.015%	$23.8M	$45.8M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0268%	4h	66.347	−0.019%	$402K	$1.5M	25x	as long as short
Hibachi XAG/USDT-P	+0.0272%	1h	66.270	−0.136%	$20K	$19K	10x	as long as short
Bullet SILVER-USD	+0.0280%	1h	66.363	+0.005%	$46K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0351% / S −0.0372%	1h	66.365	+0.008%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0354%	1h	66.310	−0.075%	$50K	$322K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0549%	1h	66.299	−0.092%	$915K	$671K	25x	as long as short