Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0028%/8h= +3.1% APRpaid last 24h −0.015%

Price spread now: Aster against Lighter+0.021%7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$130.134% of the position

Long on Lighter Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.150%−$15 on $10k

Price spread, last 7 days−0.023%−$2 · spread now +0.021%, 7d avg +0.034%

Together, before fees−0.174%+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm board−$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.034%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.150%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XAG	65.960	0.0112	pay 0.0014% / 1h	44m 11s	$5.2M	$10.6M	25x
Short	Aster XAGUSDT	65.974	0.0140	get 0.0070% / 4h	3h 44m	$2.7M	$871K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Lighter. 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 LighterbpFee AsterbpOrdersPrice spread, now +0.021%Rate

Funding earned: $5.96
Price spread: +0.021% → +0.034%: −$1.24
Slippage, 4 orders: −$5.45
Fee Lighter: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$8.73
Costs to cover: 0.134%
Break-even: 17.3 days

Slippage from Lighter: live order book, 4 min ago; Aster: live order book, 4 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 Lighter live order book, 4 min ago	0.64 bp	1.8 bp −$2	2.8 bp −$28	6.2 bp −$619	17.4 bp −$8,682
Sell Aster live order book, 4 min ago	1.51 bp	5.5 bp −$6	7.0 bp −$70	12.0 bp −$1,197	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
Ondo Perps XAG-USD.P	−0.0046%	1h	65.870	−0.136%	$5.7M	$9.3M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.934	−0.040%	$14K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	65.990	+0.045%	$149.5M	$163.3M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.960	0.000%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.030	+0.106%	$1.0M	$967K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.980	+0.030%	$1.5M	$319K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.910	−0.076%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.956	−0.007%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.909	−0.077%	$5.1M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.667%	$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
StandX XAG-USD	+0.0040%	1h	66.010	+0.076%	$794K	$3.1M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.415	+0.690%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.932	−0.042%	$165.9M	$73.6M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.956	−0.006%	$3.9M	$674K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.900	−0.091%	$3K	$6K	20x	as long as short
Hotstuff SILVER-PERP	+0.0056%	1h	65.984	+0.036%	$35K	$21K	20x	as long as short
QFEX SILVER-USD	+0.0060%	1h	65.970	+0.015%	$114K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0072%	24h	65.956	−0.006%	$538K	$25.9M	8.1x	as long as short
Phoenix SILVER	+0.0073%	1h	65.967	+0.011%	$56K	$26K	25x	as long as short
Bybit XAGUSDT	+0.0076%	4h	65.980	+0.030%	$27.3M	$36.4M	150x	as long as short
RISEx XAG/USDC	+0.0080%	1h	65.986	+0.039%	$1.3M	$4.9M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.922	−0.058%	$469K	$614K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.950	−0.015%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.970	+0.015%	$113K	$30K	50x	as long as short
Lighter XAGlong	+0.0112%	1h	65.960	long leg	$5.2M	$10.6M	25x
Paradex XAG-USD-PERP	+0.0122%	8h	65.977	+0.025%	$30K	$1K	5x	as long as short
Aster XAGUSDTshort	+0.0140%	4h	65.974	+0.021%	$2.7M	$871K	100x
BloFin XAG-USDT	+0.0159%	4h	66.000	+0.061%	$2.6M	$556K	100x	as long as short
Nado XAG-PERP	+0.0171%	1h	65.940	−0.031%	$1.4M	$6.1M	10x	as long as short
Aevo XAG-PERP	+0.0192%	1h	65.964	+0.005%	$47K	—	10x	as long as short
Variational Omni XAG	+0.0195%	4h	66.003	+0.066%	$5.6M	$9.4M	—	as long as short
MEXC SILVER_USDT	+0.0204%	4h	65.970	+0.015%	$112.9M	$152.1M	1000x	as long as short
Binance XAGUSDT	+0.0205%	4h	65.970	+0.015%	$190.9M	$702.6M	100x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0205%	1h	65.940	−0.030%	$75K	$363K	20x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	65.950	−0.015%	$1.8M	$1.0M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0212%	4h	66.009	+0.075%	$394K	$1.5M	25x	as long as short
Aftermath Perps XAGUSD	+0.0213%	1h	65.967	+0.011%	$79K	$36K	10x	as long as short
edgeX XAGUSDC	+0.0215%	4h	66.014	+0.082%	$670K	$312K	30x	as long as short
Bullet SILVER-USD	+0.0231%	1h	65.980	+0.030%	$44K	$76K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0234%	8h	65.980	+0.030%	$27.6M	$64.7M	50x	as long as short
Bitget XAGUSDT	+0.0246%	4h	65.960	0.000%	$23.9M	$45.2M	100x	as long as short
Hibachi XAG/USDT-P	+0.0344%	1h	65.945	−0.022%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0387% / S −0.0440%	1h	65.975	+0.023%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0624%	1h	65.945	−0.023%	$910K	$683K	25x	as long as short