Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0005%/8h= −0.6% APRpaid last 24h +0.027%

Price spread now: Binance against Lighter RH−0.003%7-day average +0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$150.152% of the position

Long on Lighter RH Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 7 days+0.056%+$6 · spread now −0.003%, 7d avg +0.056%

Together, before fees+0.055%+ Points / potential airdropLighter RH: Points live · farm board+$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.058% cheaper against Lighter RH than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.056%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH XAG	65.330	0.0032	pay 0.0004% / 1h	33m 20s	$4.6M	$9.8M	25x
Short	Binance XAGUSDT	65.328	0.0027	get 0.0013% / 4h	33m 20s	$191.7M	$753.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.003%Rate

Funding earned: −$1.11
Price spread: −0.003% → +0.056%: −$5.84
Slippage, 4 orders: −$5.17
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$22.13
Costs to cover: 0.152%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 5 min ago; Binance: live order book, 11 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, 5 min ago	1.82 bp	1.8 bp −$2	4.2 bp −$42	28.8 bp −$2,875	doesn't fit
Sell Binance live order book, 11 min ago	0.76 bp	5.8 bp −$6	5.8 bp −$58	7.8 bp −$783	19.4 bp −$9,679

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
Hotstuff SILVER-PERP	−0.0056%	1h	65.295	−0.054%	$35K	$21K	20x	as long as short
Ondo Perps XAG-USD.P	−0.0041%	1h	65.240	−0.138%	$5.6M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.297	−0.051%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.340	+0.015%	$27.8M	$39.4M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.320	−0.016%	$2K	$2.5M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.390	+0.091%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.340	+0.015%	$1.5M	$281K	100x	as long as short
Variational Omni XAG	0.0000%	4h	65.332	+0.003%	$5.5M	$9.1M	—	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.268	−0.095%	$118K	—	250x	as long as short
Aster XAGUSDT	+0.0024%	4h	65.334	+0.005%	$2.7M	$928K	100x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SILVER_USDT	+0.0026%	4h	65.330	0.000%	$119.3M	$157.4M	1000x	as long as short
Binance XAGUSDTshort	+0.0027%	4h	65.328	−0.003%	$191.7M	$753.6M	100x
Lighter RH XAGlong	+0.0032%	1h	65.330	long leg	$4.6M	$9.8M	25x
Extended XAG-USD	+0.0032%	1h	65.271	−0.090%	$5.1M	$11.6M	10x	as long as short
edgeX XAGUSDC	+0.0032%	4h	65.342	+0.018%	$665K	$313K	30x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.637%	$11K	$94K	52x	as long as short
Gate XAG_USDT	+0.0034%	4h	65.350	+0.030%	$140.8M	$178.3M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.350	+0.030%	$786K	$2.9M	40x	as long as short
Aevo XAG-PERP	+0.0040%	1h	65.316	−0.022%	$47K	—	10x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.330	0.000%	$157K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.748	+0.639%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.292	−0.059%	$169.7M	$81.7M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.296	−0.053%	$3.8M	$856K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.267	−0.097%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0052%	8h	65.310	−0.030%	$29K	$1K	5x	as long as short
Phoenix SILVER	+0.0061%	1h	65.316	−0.022%	$56K	$31K	25x	as long as short
Kalshi KXSILVERPERP	+0.0079%	24h	65.329	−0.002%	$530K	$31.8M	8.1x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	65.300	−0.046%	$1.6M	$1.4M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.271	−0.091%	$464K	$611K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.300	−0.046%	$25.3M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.310	−0.031%	$112K	$19K	50x	as long as short
BloFin XAG-USDT	+0.0111%	4h	65.360	+0.045%	$2.7M	$575K	100x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.337	+0.010%	$1.2M	$4.8M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0130%	4h	65.372	+0.064%	$384K	$1.6M	25x	as long as short
Bitget XAGUSDT	+0.0152%	4h	65.330	0.000%	$23.2M	$44.7M	100x	as long as short
Nado XAG-PERP	+0.0159%	1h	65.286	−0.069%	$1.2M	$4.7M	10x	as long as short
Lighter XAG	+0.0160%	1h	65.332	+0.002%	$5.3M	$11.1M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0166%	8h	65.340	+0.015%	$28.2M	$69.8M	50x	as long as short
Aftermath Perps XAGUSD	+0.0182%	1h	65.309	−0.032%	$79K	$37K	10x	as long as short
Hibachi XAG/USDT-P	+0.0184%	1h	65.313	−0.026%	$20K	$17K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0210%	1h	65.310	−0.031%	$65K	$391K	20x	as long as short
Bullet SILVER-USD	+0.0220%	1h	65.339	+0.013%	$45K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.335	+0.007%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0363%	1h	65.292	−0.058%	$1.0M	$868K	25x	as long as short