Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0044%/8h= +4.8% APRpaid last 24h +0.011%

Price spread now: Lighter against KuCoin+0.030%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$190.186% of the position

Long on KuCoin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.068%+$7 on $10k

Price spread, last 7 days−0.014%−$1 · spread now +0.030%, 7d avg +0.032%

Together, before fees+0.054%+ Points / potential airdropLighter: Season 3 · farm board+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.032%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XAGUSDTM	65.360	0.0100	pay 0.0050% / 4h	1h 23m	$25.3M	$5.0M	75x
Short	Lighter XAG	65.380	0.0144	get 0.0018% / 1h	23m 02s	$5.4M	$11.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against KuCoin. 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 KuCoinbpFee LighterbpOrdersPrice spread, now +0.030%Rate

Funding earned: $9.24
Price spread: +0.030% → +0.032%: −$0.21
Slippage, 4 orders: −$6.64
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$9.61
Costs to cover: 0.186%
Break-even: 14.3 days

Slippage from KuCoin: live order book, 6 min ago; Lighter: live order book, 5 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 KuCoin live order book, 6 min ago	0.76 bp	8.6 bp −$9	15.7 bp −$157	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	0.28 bp	0.3 bp $0	2.0 bp −$20	7.3 bp −$732	21.0 bp −$10.5K

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
Hibachi XAG/USDT-P	−0.0160%	1h	65.311	−0.075%	$20K	$19K	10x	as long as short
Ondo Perps XAG-USD.P	−0.0087%	1h	65.260	−0.153%	$5.6M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.295	−0.099%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.410	+0.076%	$27.9M	$40.0M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.390	+0.046%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.410	+0.076%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.390	+0.046%	$1.5M	$280K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.321	−0.060%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0026%	4h	65.390	+0.046%	$141.1M	$182.7M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.376	+0.024%	$4.6M	$9.8M	25x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XAG-USD	+0.0032%	1h	65.342	−0.028%	$5.1M	$11.5M	10x	as long as short
Hotstuff SILVER-PERP	+0.0032%	1h	65.339	−0.032%	$35K	$21K	20x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.591%	$11K	$94K	52x	as long as short
Variational Omni XAG	+0.0035%	4h	65.364	+0.005%	$5.5M	$9.4M	—	as long as short
Aster XAGUSDT	+0.0038%	4h	65.366	+0.009%	$2.7M	$975K	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.360	0.000%	$786K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.793	+0.662%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0050%	1h	65.370	+0.015%	$152K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.351	−0.014%	$170.4M	$83.5M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.340	−0.031%	$3.8M	$718K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.323	−0.057%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0055%	8h	65.369	+0.014%	$29K	$1K	5x	as long as short
Binance XAGUSDT	+0.0058%	4h	65.397	+0.056%	$191.0M	$763.8M	100x	as long as short
MEXC SILVER_USDT	+0.0060%	4h	65.370	+0.015%	$116.1M	$157.5M	1000x	as long as short
RISEx XAG/USDC	+0.0061%	1h	65.384	+0.036%	$1.2M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0061%	1h	65.347	−0.020%	$56K	$31K	25x	as long as short
edgeX XAGUSDC	+0.0066%	4h	65.342	−0.028%	$665K	$312K	30x	as long as short
Aevo XAG-PERP	+0.0072%	1h	65.366	+0.009%	$47K	—	10x	as long as short
Kalshi KXSILVERPERP	+0.0077%	24h	65.359	−0.002%	$517K	$31.0M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	65.333	−0.042%	$467K	$624K	10x	as long as short
KuCoin XAGUSDTMlong	+0.0100%	4h	65.360	long leg	$25.3M	$5.0M	75x
ApeX Omni XAGUSDT	+0.0100%	1h	65.290	−0.107%	$112K	$19K	50x	as long as short
GRVT XAG_USDT_Perp	+0.0116%	4h	65.363	+0.004%	$385K	$1.6M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0120%	1h	65.320	−0.061%	$1.6M	$1.4M	20x	as long as short
Nado XAG-PERP	+0.0129%	1h	65.340	−0.030%	$1.2M	$5.3M	10x	as long as short
Lighter XAGshort	+0.0144%	1h	65.380	+0.030%	$5.4M	$11.4M	25x
Bitget XAGUSDT	+0.0174%	4h	65.410	+0.076%	$23.8M	$46.4M	100x	as long as short
Bullet SILVER-USD	+0.0179%	1h	65.379	+0.029%	$44K	$76K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0182%	8h	65.400	+0.061%	$28.0M	$70.8M	50x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.370	+0.015%	$65K	$379K	20x	as long as short
Aftermath Perps XAGUSD	+0.0220%	1h	65.347	−0.020%	$79K	$37K	10x	as long as short
BloFin XAG-USDT	+0.0233%	4h	65.380	+0.031%	$2.6M	$601K	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0273% / S −0.0241%	1h	65.375	+0.023%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0493%	1h	65.350	−0.015%	$916K	$746K	25x	as long as short