Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0154%/8h= +16.9% APRpaid last 24h +0.056%

Price spread now: Bitget against Lighter RH−0.013%7-day average +0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$190.186% of the position

Long on Lighter RH Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.056%+$6 on $10k

Price spread, last 7 days+0.063%+$6 · spread now −0.013%, 7d avg +0.056%

Together, before fees+0.119%+ Points / potential airdropLighter RH: Points live · farm board+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.069% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.013% now, against its 7-day average of +0.056%). If the spread goes back, that is −$7 on $10k: about 36 hours of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.056% in total) that is about 8.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH XAG	65.398	0.0032	pay 0.0004% / 1h	40m 06s	$4.6M	$9.8M	25x
Short	Bitget XAGUSDT	65.390	0.0186	get 0.0093% / 4h	1h 40m	$23.8M	$46.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.013%Rate

Funding earned: $32.34
Price spread: −0.013% → +0.056%: −$6.87
Slippage, 4 orders: −$6.65
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: $6.83
Costs to cover: 0.186%
Break-even: 5.5 days

Slippage from Lighter RH: live order book, 4 min ago; Bitget: 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 RH live order book, 4 min ago	1.66 bp	2.3 bp −$2	3.1 bp −$31	24.2 bp −$2,417	doesn't fit
Sell Bitget live order book, 4 min ago	0.76 bp	7.9 bp −$8	9.8 bp −$98	18.8 bp −$1,883	45.6 bp −$22.8K

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
Hibachi XAG/USDT-P	−0.0120%	1h	65.360	−0.059%	$20K	$20K	10x	as long as short
Ondo Perps XAG-USD.P	−0.0081%	1h	65.300	−0.150%	$5.6M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.350	−0.074%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.430	+0.048%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.450	+0.079%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.440	+0.064%	$1.5M	$280K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.349	−0.076%	$118K	—	250x	as long as short
Bybit XAGUSDT	+0.0018%	4h	65.400	+0.002%	$28.4M	$39.6M	150x	as long as short
Gate XAG_USDT	+0.0030%	4h	65.420	+0.033%	$141.3M	$181.2M	100x	as long as short
Lighter RH XAGlong	+0.0032%	1h	65.398	long leg	$4.6M	$9.8M	25x

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XAG-USD	+0.0032%	1h	65.350	−0.073%	$5.1M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.532%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.410	+0.018%	$787K	$3.0M	40x	as long as short
Aster XAGUSDT	+0.0045%	4h	65.395	−0.006%	$2.7M	$973K	100x	as long as short
Vest SI-PERP	+0.0046%	1h	65.825	+0.652%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0050%	1h	65.390	−0.013%	$152K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.364	−0.053%	$170.3M	$83.8M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.370	−0.043%	$3.8M	$718K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.346	−0.080%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0057%	8h	65.398	−0.001%	$29K	$1K	5x	as long as short
Variational Omni XAG	+0.0060%	4h	65.414	+0.023%	$5.5M	$9.4M	—	as long as short
RISEx XAG/USDC	+0.0061%	1h	65.412	+0.021%	$1.3M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0061%	1h	65.384	−0.022%	$56K	$31K	25x	as long as short
Hotstuff SILVER-PERP	+0.0064%	1h	65.386	−0.019%	$35K	$21K	20x	as long as short
Binance XAGUSDT	+0.0076%	4h	65.388	−0.015%	$189.7M	$763.3M	100x	as long as short
MEXC SILVER_USDT	+0.0076%	4h	65.390	−0.013%	$115.4M	$157.1M	1000x	as long as short
Kalshi KXSILVERPERP	+0.0077%	24h	65.386	−0.019%	$509K	$30.5M	8.1x	as long as short
Aevo XAG-PERP	+0.0088%	1h	65.401	+0.005%	$47K	—	10x	as long as short
edgeX XAGUSDC	+0.0090%	4h	65.433	+0.053%	$666K	$314K	30x	as long as short
Pacifica XAG	+0.0100%	1h	65.363	−0.054%	$467K	$627K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.380	−0.028%	$25.4M	$5.0M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.410	+0.018%	$112K	$19K	50x	as long as short
Lighter XAG	+0.0104%	1h	65.400	+0.003%	$5.4M	$11.3M	25x	as long as short
Nado XAG-PERP	+0.0114%	1h	65.360	−0.058%	$1.2M	$5.5M	10x	as long as short
GRVT XAG_USDT_Perp	+0.0116%	4h	65.427	+0.044%	$397K	$1.6M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0120%	1h	65.380	−0.028%	$1.6M	$1.4M	20x	as long as short
Bullet SILVER-USD	+0.0156%	1h	65.416	+0.027%	$43K	$77K	10x	as long as short
Bitget XAGUSDTshort	+0.0186%	4h	65.390	−0.013%	$23.8M	$46.6M	100x
OKX XAG-USDT-SWAP	+0.0189%	8h	65.400	+0.002%	$27.9M	$71.3M	50x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.390	−0.013%	$65K	$374K	20x	as long as short
Aftermath Perps XAGUSD	+0.0212%	1h	65.408	+0.014%	$79K	$37K	10x	as long as short
BloFin XAG-USDT	+0.0306%	4h	65.440	+0.064%	$2.6M	$610K	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0318% / S −0.0301%	1h	65.415	+0.025%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0492%	1h	65.380	−0.028%	$916K	$746K	25x	as long as short