Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0035%/8h= +3.8% APRpaid last 24h +0.015%

Price spread now: Aster against Lighter RH+0.029%7-day average +0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$140.139% of the position

Long on Lighter RH Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 7 days+0.030%+$3 · spread now +0.029%, 7d avg +0.051%

Together, before fees+0.014%+ Points / potential airdropLighter RH: Points live · Aster: Stage 5 · farm board+$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.023% cheaper against Lighter RH than usual: you would sell low and buy high (spread +0.029% now, against its 7-day average of +0.051%). If the spread goes back, that is −$2 on $10k: about 2.2 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH XAG	65.578	0.0032	pay 0.0004% / 1h	43m 13s	$4.6M	$9.6M	25x
Short	Aster XAGUSDT	65.596	0.0067	get 0.0033% / 4h	43m 13s	$2.7M	$1.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Lighter RH. 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 Lighter RHbpFee AsterbpOrdersPrice spread, now +0.029%Rate

Funding earned: $7.28
Price spread: +0.029% → +0.051%: −$2.26
Slippage, 4 orders: −$5.93
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$8.9
Costs to cover: 0.139%
Break-even: 15.6 days

Slippage from Lighter RH: live order book, 4 min ago; Aster: 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 Lighter RH live order book, 4 min ago	1.13 bp	1.1 bp −$1	2.1 bp −$21	22.4 bp −$2,244	doesn't fit
Sell Aster live order book, 3 min ago	1.53 bp	5.5 bp −$6	6.9 bp −$69	12.4 bp −$1,245	doesn't fit

XAG on 44 exchanges

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	65.558	−0.030%	$13K	$8K	5x	as long as short
RISEx XAG/USDC	0.0000%	1h	65.584	+0.010%	$1.3M	$5.5M	20x	as long as short
Hotstuff SILVER-PERP	0.0000%	1h	65.599	+0.033%	$39K	$26K	20x	as long as short
Gate XAG_USDT	0.0000%	4h	65.600	+0.034%	$136.1M	$201.4M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.590	+0.019%	$2K	$2.3M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.630	+0.080%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.620	+0.065%	$1.5M	$257K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.528	−0.076%	$118K	—	250x	as long as short
Lighter RH XAGlong	+0.0032%	1h	65.578	long leg	$4.6M	$9.6M	25x
Extended XAG-USD	+0.0032%	1h	65.529	−0.074%	$5.1M	$12.2M	10x	as long as short

Show all 44 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	64.602	−1.488%	$11K	$240	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.520	−0.088%	$788K	$3.0M	40x	as long as short
QFEX SILVER-USD	+0.0042%	1h	65.560	−0.027%	$446K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	66.017	+0.670%	—	—	25x	as long as short
Variational Omni XAG	+0.0047%	4h	65.488	−0.136%	$5.5M	$9.0M	—	as long as short
Bybit XAGUSDT	+0.0047%	4h	65.600	+0.034%	$30.3M	$48.7M	150x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.550	−0.042%	$3.8M	$1.5M	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.533	−0.068%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	65.500	−0.118%	$5.7M	$11.0M	25x	as long as short
Paradex XAG-USD-PERP	+0.0052%	8h	65.564	−0.020%	$29K	—	5x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0055%	1h	65.560	−0.027%	$77K	$397K	20x	as long as short
Aster XAGUSDTshort	+0.0067%	4h	65.596	+0.029%	$2.7M	$1.2M	100x
Binance XAGUSDT	+0.0070%	4h	65.590	+0.019%	$189.5M	$866.1M	100x	as long as short
MEXC SILVER_USDT	+0.0070%	4h	65.580	+0.004%	$119.0M	$164.1M	1000x	as long as short
Lighter XAG	+0.0072%	1h	65.580	+0.003%	$5.3M	$11.9M	25x	as long as short
Aevo XAG-PERP	+0.0072%	1h	65.599	+0.033%	$47K	—	10x	as long as short
GRVT XAG_USDT_Perp	+0.0088%	4h	65.590	+0.019%	$389K	$1.6M	25x	as long as short
edgeX XAGUSDC	+0.0090%	4h	65.502	−0.115%	$668K	$316K	30x	as long as short
tradeXYZ xyz:SILVER	+0.0095%	1h	65.561	−0.025%	$175.5M	$87.7M	25x	as long as short
Pacifica XAG	+0.0100%	1h	65.543	−0.052%	$462K	$518K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.560	−0.027%	$25.3M	$4.4M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.520	−0.088%	$112K	$19K	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	65.560	−0.027%	$1.6M	$2.0M	20x	as long as short
Kalshi KXSILVERPERP	+0.0108%	24h	65.567	−0.016%	$744K	$39.5M	8.1x	as long as short
Nado XAG-PERP	+0.0116%	1h	65.552	−0.039%	$1.2M	$3.4M	10x	as long as short
Phoenix SILVER	+0.0134%	1h	65.542	−0.054%	$55K	$15K	25x	as long as short
OKX XAG-USDT-SWAP	+0.0167%	8h	65.590	+0.019%	$27.6M	$87.5M	50x	as long as short
Bitget XAGUSDT	+0.0204%	4h	65.590	+0.019%	$23.2M	$54.1M	100x	as long as short
Aftermath Perps XAGUSD	+0.0218%	1h	65.552	−0.039%	$79K	$37K	10x	as long as short
Bullet SILVER-USD	+0.0223%	1h	65.603	+0.038%	$45K	$72K	10x	as long as short
Hibachi XAG/USDT-P	+0.0224%	1h	65.562	−0.024%	$21K	$12K	10x	as long as short
BloFin XAG-USDT	+0.0281%	4h	65.580	+0.004%	$2.7M	$784K	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0284% / S −0.0256%	1h	65.585	+0.011%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0540%	1h	65.561	−0.025%	$1.0M	$947K	25x	as long as short