Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0081%/8h= +8.9% APRpaid last 24h 0.000%

Price spread now: RISEx against KuCoin+0.074%7-day average +0.056% · 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−$21as in the Price arb table

costs, in and out, $10k−$230.226% of the position

Long on KuCoin Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.036%+$4 on $10k

Price spread, last 7 days−0.055%−$5 · spread now +0.074%, 7d avg +0.056%

Together, before fees−0.019%−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.056%, so right now this pair is about funding alone: +$2 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	66.130	0.0100	pay 0.0050% / 4h	1h 00m	$24.5M	$4.5M	75x
Short	RISEx XAG/USDC	66.179	0.0181	get 0.0023% / 1h	0m 55s	$1.3M	$4.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.074%Rate

Funding earned: $17.11
Price spread: +0.074% → +0.056%: $1.87
Slippage, 4 orders: −$4.58
Fee KuCoin: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$3.6
Costs to cover: 0.226%
Break-even: 8.5 days

Slippage from KuCoin: 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 KuCoin live order book, 3 min ago	1.51 bp	7.9 bp −$8	15.9 bp −$159	doesn't fit	doesn't fit
Sell RISEx live order book, 3 min ago	0.42 bp	3.4 bp −$3	4.6 bp −$46	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	66.087	−0.065%	$15K	—	5x	as long as short
Hotstuff SILVER-PERP	0.0000%	1h	66.134	+0.006%	$35K	$21K	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.190	+0.091%	$149.9M	$165.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.210	+0.121%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.210	+0.121%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.220	+0.136%	$1.5M	$256K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.114	−0.025%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.169	+0.059%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.108	−0.033%	$5.2M	$12.0M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.408%	$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
Ondo Perps XAG-USD.P	+0.0039%	1h	66.050	−0.121%	$5.7M	$9.7M	25x	as long as short
StandX XAG-USD	+0.0040%	1h	66.150	+0.030%	$796K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.594	+0.702%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.133	+0.005%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.108	−0.033%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.160	+0.045%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0066%	24h	66.137	+0.011%	$545K	$24.8M	8.1x	as long as short
Phoenix SILVER	+0.0084%	1h	66.097	−0.050%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0094%	1h	66.145	+0.023%	$165.4M	$73.9M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.114	−0.024%	$470K	$612K	10x	as long as short
KuCoin XAGUSDTMlong	+0.0100%	4h	66.130	long leg	$24.5M	$4.5M	75x
ApeX Omni XAGUSDT	+0.0100%	1h	66.110	−0.030%	$113K	$30K	50x	as long as short
Aster XAGUSDT	+0.0124%	4h	66.180	+0.076%	$2.7M	$877K	100x	as long as short
Paradex XAG-USD-PERP	+0.0129%	8h	66.164	+0.052%	$30K	$1K	5x	as long as short
Bybit XAGUSDT	+0.0134%	4h	66.190	+0.091%	$26.9M	$36.0M	150x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.177	+0.071%	$48K	—	10x	as long as short
Variational Omni XAG	+0.0181%	4h	66.181	+0.078%	$5.6M	$9.8M	—	as long as short
RISEx XAG/USDCshort	+0.0181%	1h	66.179	+0.074%	$1.3M	$4.4M	20x
Lighter XAG	+0.0184%	1h	66.176	+0.070%	$5.2M	$10.6M	25x	as long as short
MEXC SILVER_USDT	+0.0190%	4h	66.170	+0.060%	$107.8M	$154.4M	1000x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.180	+0.076%	$1.8M	$1.0M	20x	as long as short
Binance XAGUSDT	+0.0192%	4h	66.180	+0.076%	$192.3M	$704.5M	100x	as long as short
edgeX XAGUSDC	+0.0198%	4h	66.162	+0.049%	$671K	$315K	30x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0204%	1h	66.150	+0.030%	$63K	$337K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0217%	8h	66.180	+0.076%	$27.7M	$65.8M	50x	as long as short
Nado XAG-PERP	+0.0223%	1h	66.118	−0.018%	$1.3M	$6.5M	10x	as long as short
Aftermath Perps XAGUSD	+0.0228%	1h	66.141	+0.017%	$80K	$37K	10x	as long as short
BloFin XAG-USDT	+0.0233%	4h	66.180	+0.076%	$2.6M	$551K	100x	as long as short
Bitget XAGUSDT	+0.0240%	4h	66.180	+0.076%	$23.8M	$45.6M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0256%	4h	66.163	+0.049%	$397K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0273%	1h	66.190	+0.090%	$45K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0296%	1h	66.100	−0.045%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0362% / S −0.0390%	1h	66.195	+0.098%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0550%	1h	66.148	+0.027%	$913K	$674K	25x	as long as short