Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.5% APRpaid last 24h +0.029%

Price spread now: edgeX against Lighter RH−0.007%80s7-day average +0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$190.187% of the position

Long on Lighter RH Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.019%+$2 on $10k

Price spread, last 4 days (all we have)+0.113%+$11 · spread now −0.007%, 7d avg +0.025%

Together, before fees+0.132%+ Points / potential airdropLighter RH: Points live · edgeX: Active · farm board+$13 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: edgeX is 0.033% cheaper against Lighter RH than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.025%. The two prices were read 80 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH XAG	65.081	0.0032	pay 0.0004% / 1h	4m 05s	$4.6M	$10.0M	25x
Short	edgeX XAGUSDC	65.076	0.0036	get 0.0018% / 4h	4m 05s	$662K	$313K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.007%Rate

Funding earned: $0.94
Price spread: −0.007% → +0.025%: −$3.29
Slippage, 4 orders: −$9.71
Fee Lighter RH: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$21.06
Costs to cover: 0.187%
Break-even: 163.7 days

Slippage from Lighter RH: live order book, 5 min ago; edgeX: live order book, 35 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	2.23 bp	2.2 bp −$2	3.3 bp −$33	28.5 bp −$2,852	doesn't fit
Sell edgeX live order book, 35 min ago	2.30 bp	6.8 bp −$7	6.8 bp −$68	9.2 bp −$924	21.3 bp −$10.6K

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	−0.0023%	1h	64.960	−0.185%	$5.6M	$9.9M	25x	as long as short
Hotstuff SILVER-PERP	−0.0016%	1h	65.033	−0.073%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	64.997	−0.129%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.090	+0.014%	$27.7M	$39.0M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.080	−0.001%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.100	+0.030%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.090	+0.014%	$1.5M	$281K	100x	as long as short
Variational Omni XAG	+0.0003%	4h	65.056	−0.037%	$5.5M	$9.1M	—	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.007	−0.114%	$118K	—	250x	as long as short
Lighter RH XAGlong	+0.0032%	1h	65.081	long leg	$4.6M	$10.0M	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	65.015	−0.101%	$5.0M	$11.8M	10x	as long as short
Gate XAG_USDT	+0.0032%	4h	65.090	+0.014%	$140.2M	$182.0M	100x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+2.027%	$11K	$94K	52x	as long as short
MEXC SILVER_USDT	+0.0034%	4h	65.080	−0.001%	$126.4M	$162.9M	1000x	as long as short
edgeX XAGUSDCshort	+0.0036%	4h	65.076	−0.007%	$662K	$313K	30x
Binance XAGUSDT	+0.0037%	4h	65.089	+0.013%	$191.5M	$756.1M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.070	−0.016%	$783K	$3.0M	40x	as long as short
Aster XAGUSDT	+0.0044%	4h	65.070	−0.016%	$2.6M	$982K	100x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.060	−0.032%	$170K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.474	+0.604%	—	—	25x	as long as short
Aevo XAG-PERP	+0.0048%	1h	65.060	−0.031%	$47K	—	10x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.045	−0.055%	$3.8M	$890K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.006	−0.115%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0054%	8h	65.051	−0.046%	$29K	$1K	5x	as long as short
Phoenix SILVER	+0.0061%	1h	65.054	−0.041%	$55K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0074%	1h	65.045	−0.055%	$172.9M	$84.7M	25x	as long as short
Kalshi KXSILVERPERP	+0.0081%	24h	65.038	−0.065%	$489K	$32.2M	8.1x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	65.030	−0.078%	$1.6M	$1.4M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.007	−0.113%	$463K	$598K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.030	−0.078%	$25.2M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.070	−0.016%	$111K	$19K	50x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.078	−0.003%	$1.3M	$4.9M	20x	as long as short
BloFin XAG-USDT	+0.0141%	4h	65.090	+0.014%	$2.7M	$625K	100x	as long as short
GRVT XAG_USDT_Perp	+0.0144%	4h	65.099	+0.028%	$385K	$1.6M	25x	as long as short
Nado XAG-PERP	+0.0156%	1h	65.030	−0.078%	$1.2M	$4.7M	10x	as long as short
Bitget XAGUSDT	+0.0166%	4h	65.090	+0.014%	$23.2M	$44.9M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0174%	8h	65.100	+0.030%	$28.2M	$70.8M	50x	as long as short
Lighter XAG	+0.0184%	1h	65.080	−0.001%	$5.3M	$11.3M	25x	as long as short
Aftermath Perps XAGUSD	+0.0198%	1h	65.058	−0.034%	$78K	$37K	10x	as long as short
Hibachi XAG/USDT-P	+0.0224%	1h	65.010	−0.108%	$20K	$16K	10x	as long as short
Bullet SILVER-USD	+0.0237%	1h	65.086	+0.009%	$44K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.075	−0.009%	$92K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0365%	1h	65.054	−0.042%	$1.0M	$869K	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0365%	1h	65.060	−0.032%	$65K	$399K	20x	as long as short