Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: SoDEX against KuCoin−0.039%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and SoDEX is 0.039% cheaper against KuCoin than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XAGUSDTM	64.880	0.0100	pay 0.0050% / 4h	3h 34m	$25.1M	$4.5M	75x
Short	SoDEX SILVER-USD	64.855	0.0050	get 0.0006% / 1h	34m 00s	$3K	$6K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.039%Rate

Funding earned: −$10.5
Price spread: −0.039% → 0.000%: −$3.85
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$34.35
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 5 min ago; SoDEX: no order-book sample. 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 KuCoin live order book, 5 min ago	0.77 bp	8.2 bp −$8	17.8 bp −$178	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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
dYdX XAG-USD	0.0000%	1h	64.862	−0.028%	$12K	$6K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	64.930	+0.077%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	64.950	+0.108%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	64.920	+0.062%	$1.4M	$310K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	64.866	−0.022%	$117K	—	250x	as long as short
Variational Omni XAG	+0.0015%	4h	64.904	+0.037%	$5.3M	$9.1M	—	as long as short
Lighter RH XAG	+0.0032%	1h	64.893	+0.020%	$4.6M	$9.8M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	64.822	−0.089%	$5.0M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+2.343%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	64.890	+0.015%	$780K	$3.0M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate XAG_USDT	+0.0042%	4h	64.900	+0.031%	$139.3M	$182.7M	100x	as long as short
Vest SI-PERP	+0.0046%	1h	65.320	+0.678%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0047%	1h	64.900	+0.031%	$445K	$1.5M	20x	as long as short
MEXC SILVER_USDT	+0.0050%	4h	64.900	+0.031%	$121.0M	$158.1M	1000x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	64.836	−0.068%	$3.8M	$890K	20x	as long as short
SoDEX SILVER-USDshort	+0.0050%	1h	64.855	−0.039%	$3K	$6K	20x
Ondo Perps XAG-USD.P	+0.0050%	1h	64.810	−0.108%	$5.6M	$9.9M	25x	as long as short
Binance XAGUSDT	+0.0054%	4h	64.910	+0.046%	$195.8M	$775.4M	100x	as long as short
Paradex XAG-USD-PERP	+0.0060%	8h	64.908	+0.044%	$29K	$166	5x	as long as short
edgeX XAGUSDC	+0.0061%	4h	64.937	+0.088%	$661K	$313K	30x	as long as short
Aevo XAG-PERP	+0.0064%	1h	64.895	+0.023%	$47K	—	10x	as long as short
Aster XAGUSDT	+0.0067%	4h	64.904	+0.037%	$2.6M	$995K	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0080%	1h	64.910	+0.046%	$1.6M	$1.4M	20x	as long as short
Kalshi KXSILVERPERP	+0.0085%	24h	64.953	+0.113%	$479K	$34.0M	8.1x	as long as short
Hotstuff SILVER-PERP	+0.0088%	1h	64.925	+0.069%	$35K	$21K	20x	as long as short
Pacifica XAG	+0.0100%	1h	64.856	−0.037%	$463K	$592K	10x	as long as short
KuCoin XAGUSDTMlong	+0.0100%	4h	64.880	long leg	$25.1M	$4.5M	75x
GRVT XAG_USDT_Perp	+0.0100%	4h	64.907	+0.041%	$390K	$1.6M	25x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	64.870	−0.015%	$111K	$19K	50x	as long as short
Phoenix SILVER	+0.0111%	1h	64.892	+0.018%	$55K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0135%	1h	64.853	−0.042%	$173.8M	$87.1M	25x	as long as short
Nado XAG-PERP	+0.0156%	1h	64.934	+0.083%	$1.2M	$4.2M	10x	as long as short
RISEx XAG/USDC	+0.0158%	1h	64.912	+0.049%	$1.2M	$4.9M	20x	as long as short
Bitget XAGUSDT	+0.0190%	4h	64.900	+0.031%	$23.4M	$46.3M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0193%	8h	64.900	+0.031%	$28.7M	$72.9M	50x	as long as short
Bybit XAGUSDT	+0.0202%	4h	64.910	+0.046%	$29.2M	$42.4M	150x	as long as short
BloFin XAG-USDT	+0.0205%	4h	64.960	+0.123%	$2.7M	$646K	100x	as long as short
Aftermath Perps XAGUSD	+0.0219%	1h	64.894	+0.022%	$78K	$37K	10x	as long as short
Lighter XAG	+0.0224%	1h	64.889	+0.014%	$5.3M	$11.0M	25x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0237% / S −0.0196%	1h	64.935	+0.085%	$92K	—	111x	as long as short
Bullet SILVER-USD	+0.0300%	1h	64.928	+0.073%	$45K	$75K	10x	as long as short
Hibachi XAG/USDT-P	+0.0344%	1h	64.860	−0.031%	$20K	$15K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0367%	1h	64.920	+0.062%	$76K	$430K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0420%	1h	64.910	+0.046%	$1.0M	$889K	25x	as long as short