Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0076%/8h= +8.3% APRpaid last 24h −0.005%

Price spread now: BloFin against Lighter−0.005%7-day average +0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$150.147% of the position

Long on Lighter Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.331%−$33 on $10k

Price spread, last 4 days (all we have)+0.083%+$8 · spread now −0.005%, 7d avg +0.030%

Together, before fees−0.249%+ Points / potential airdropLighter: Season 3 · farm board−$25 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.035% cheaper against Lighter than usual: you would sell low and buy high (spread −0.005% now, against its 7-day average of +0.030%). If the spread goes back, that is −$3 on $10k: about 37 hours of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.331%, 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	66.063	0.0120	pay 0.0015% / 1h	4m 35s	$5.2M	$10.9M	25x
Short	BloFin XAG-USDT	66.060	0.0196	get 0.0098% / 4h	3h 04m	$2.6M	$570K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.005%Rate

Funding earned: $15.89
Price spread: −0.005% → +0.030%: −$3.48
Slippage, 4 orders: −$2.71
Fee Lighter: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$2.3
Costs to cover: 0.147%
Break-even: 8.0 days

Slippage from Lighter: live order book, 4 min ago; BloFin: 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	0.42 bp	0.8 bp −$1	0.9 bp −$9	4.8 bp −$478	15.7 bp −$7,831
Sell BloFin live order book, 4 min ago	0.76 bp	6.8 bp −$7	6.8 bp −$68	9.7 bp −$967	16.4 bp −$8,214

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	−0.0050%	1h	65.960	−0.156%	$5.7M	$9.2M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.989	−0.113%	$14K	$66	5x	as long as short
SunX XAG-USDT	0.0000%	4h	66.080	+0.026%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.080	+0.026%	$1.1M	$1.0M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.070	+0.010%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.999	−0.097%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.061	−0.003%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.004	−0.090%	$5.2M	$11.5M	10x	as long as short
Hotstuff SILVER-PERP	+0.0032%	1h	66.027	−0.055%	$35K	$21K	20x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.510%	$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	66.060	−0.005%	$795K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.477	+0.627%	—	—	25x	as long as short
Gate XAG_USDT	+0.0048%	4h	66.080	+0.026%	$149.9M	$164.4M	100x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.027	−0.055%	$3.9M	$676K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.997	−0.100%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0056%	8h	66.057	−0.009%	$30K	$1K	5x	as long as short
QFEX SILVER-USD	+0.0060%	1h	66.050	−0.020%	$114K	$2.7M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0060%	1h	66.034	−0.044%	$166.3M	$73.9M	25x	as long as short
Phoenix SILVER	+0.0073%	1h	65.995	−0.103%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0074%	24h	66.028	−0.053%	$530K	$26.7M	8.1x	as long as short
RISEx XAG/USDC	+0.0080%	1h	66.076	+0.020%	$1.3M	$4.9M	20x	as long as short
Pacifica XAG	+0.0100%	1h	66.008	−0.083%	$470K	$604K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.030	−0.050%	$24.4M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.990	−0.111%	$113K	$30K	50x	as long as short
Bybit XAGUSDT	+0.0112%	4h	66.090	+0.041%	$27.8M	$36.5M	150x	as long as short
Lighter XAGlong	+0.0120%	1h	66.063	long leg	$5.2M	$10.9M	25x
Aster XAGUSDT	+0.0120%	4h	66.050	−0.020%	$2.7M	$866K	100x	as long as short
Variational Omni XAG	+0.0164%	4h	66.053	−0.015%	$5.7M	$9.5M	—	as long as short
Aevo XAG-PERP	+0.0168%	1h	66.053	−0.015%	$47K	—	10x	as long as short
MEXC SILVER_USDT	+0.0174%	4h	66.070	+0.010%	$115.1M	$152.9M	1000x	as long as short
Binance XAGUSDT	+0.0174%	4h	66.078	+0.023%	$191.0M	$703.1M	100x	as long as short
edgeX XAGUSDC	+0.0182%	4h	66.013	−0.076%	$670K	$311K	30x	as long as short
Nado XAG-PERP	+0.0187%	1h	66.027	−0.054%	$1.4M	$5.8M	10x	as long as short
BloFin XAG-USDTshort	+0.0196%	4h	66.060	−0.005%	$2.6M	$570K	100x
Aftermath Perps XAGUSD	+0.0198%	1h	66.022	−0.062%	$79K	$36K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0204%	1h	66.040	−0.035%	$75K	$363K	20x	as long as short
GRVT XAG_USDT_Perp	+0.0208%	4h	66.053	−0.016%	$394K	$1.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	65.980	−0.126%	$1.8M	$1.0M	20x	as long as short
OKX XAG-USDT-SWAP	+0.0223%	8h	66.070	+0.010%	$27.8M	$64.6M	50x	as long as short
Bitget XAGUSDT	+0.0228%	4h	66.070	+0.010%	$24.0M	$44.9M	100x	as long as short
Bullet SILVER-USD	+0.0237%	1h	66.064	+0.002%	$44K	$75K	10x	as long as short
Hibachi XAG/USDT-P	+0.0304%	1h	66.010	−0.080%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0388% / S −0.0440%	1h	66.065	+0.003%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0624%	1h	66.039	−0.036%	$911K	$685K	25x	as long as short