Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against HTX−0.046%7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$900.904% of the position

Long on HTX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.031%+$3 · spread now −0.046%, 7d avg −0.039%

Together, before fees+0.031%+$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XAG-USDT	65.410	0	get 0.0000% / 4h	2h 14m	$1.1M	$1.3M	75x
Short	SunX XAG-USDT	65.380	0	get 0.0000% / 4h	2h 14m	$2K	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.046%Rate

Funding earned: $0
Price spread: −0.046% → −0.039%: −$0.68
Slippage, 4 orders: −$70.39
Fee HTX: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$91.07
Costs to cover: 0.904%
Break-even: never at this rate

Slippage from HTX: live order book, 2 min ago; SunX: live order book, 6 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, 2 min ago	5.35 bp	11.4 bp −$11	11.4 bp −$114	14.4 bp −$1,438	doesn't fit
Sell SunX live order book, 6 min ago	29.84 bp	33.8 bp −$34	63.1 bp −$631	doesn't fit	doesn't fit

XAG on 44 exchanges

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
Injective XAG/USDC PERP	−0.0220%	1h	64.602	−1.235%	$11K	$240	52x	as long as short
Ondo Perps XAG-USD.P	−0.0004%	1h	65.280	−0.199%	$5.7M	$10.5M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.326	−0.129%	$12K	$6K	5x	as long as short
Gate XAG_USDT	0.0000%	4h	65.390	−0.031%	$139.1M	$200.2M	100x	as long as short
SunX XAG-USDTshort	0.0000%	4h	65.380	−0.046%	$2K	$2.4M	20x
HTX XAG-USDTlong	0.0000%	4h	65.410	long leg	$1.1M	$1.3M	75x
Phemex XAGUSDT	0.0000%	4h	65.370	−0.061%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.302	−0.165%	$118K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.367	−0.066%	$4.5M	$9.7M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.321	−0.136%	$5.1M	$11.6M	10x	as long as short

Show all 44 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff SILVER-PERP	+0.0040%	1h	65.364	−0.070%	$36K	$23K	20x	as long as short
StandX XAG-USD	+0.0040%	1h	65.330	−0.122%	$786K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.796	+0.590%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.349	−0.093%	$3.8M	$892K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.294	−0.177%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0058%	8h	65.369	−0.063%	$29K	$166	5x	as long as short
QFEX SILVER-USD	+0.0062%	1h	65.370	−0.061%	$444K	$1.4M	20x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0088%	1h	65.330	−0.122%	$1.6M	$1.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0096%	24h	65.361	−0.075%	$613K	$37.5M	8.1x	as long as short
Variational Omni XAG	+0.0100%	4h	65.381	−0.044%	$5.7M	$9.2M	—	as long as short
Pacifica XAG	+0.0100%	1h	65.321	−0.135%	$465K	$574K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.330	−0.122%	$25.2M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.270	−0.214%	$111K	$19K	50x	as long as short
Phoenix SILVER	+0.0110%	1h	65.288	−0.187%	$55K	$13K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0122%	1h	65.344	−0.101%	$174.1M	$93.0M	25x	as long as short
Aevo XAG-PERP	+0.0128%	1h	65.398	−0.019%	$47K	—	10x	as long as short
MEXC SILVER_USDT	+0.0130%	4h	65.360	−0.076%	$119.7M	$166.7M	1000x	as long as short
Binance XAGUSDT	+0.0131%	4h	65.388	−0.034%	$193.1M	$835.8M	100x	as long as short
edgeX XAGUSDC	+0.0135%	4h	65.324	−0.132%	$666K	$315K	30x	as long as short
Aster XAGUSDT	+0.0138%	4h	65.390	−0.031%	$2.7M	$1.1M	100x	as long as short
Nado XAG-PERP	+0.0181%	1h	65.346	−0.098%	$1.2M	$3.9M	10x	as long as short
GRVT XAG_USDT_Perp	+0.0188%	4h	65.336	−0.114%	$394K	$1.6M	25x	as long as short
Lighter XAG	+0.0192%	1h	65.361	−0.076%	$5.1M	$11.7M	25x	as long as short
RISEx XAG/USDC	+0.0206%	1h	65.400	−0.015%	$1.2M	$4.9M	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.350	−0.092%	$77K	$411K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0214%	8h	65.400	−0.015%	$27.9M	$82.4M	50x	as long as short
Bybit XAGUSDT	+0.0216%	4h	65.410	0.000%	$30.5M	$46.8M	150x	as long as short
Aftermath Perps XAGUSD	+0.0217%	1h	65.319	−0.139%	$79K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0248%	4h	65.400	−0.015%	$23.1M	$50.4M	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0263% / S −0.0229%	1h	65.405	−0.008%	$93K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0272%	1h	65.305	−0.161%	$21K	$12K	10x	as long as short
Bullet SILVER-USD	+0.0277%	1h	65.390	−0.030%	$44K	$74K	10x	as long as short
BloFin XAG-USDT	+0.0371%	4h	65.350	−0.092%	$2.7M	$753K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0775%	1h	65.345	−0.099%	$1.0M	$937K	25x	as long as short