Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: HTX against Lighter RH+0.042%7-day average +0.083% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$250.251% of the position

Long on Lighter RH Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.065%−$6 on $10k

Price spread, last 4 days (all we have)+0.060%+$6 · spread now +0.042%, 7d avg +0.083%

Together, before fees−0.004%+ Points / potential airdropLighter RH: Points live · farm board$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and HTX is 0.040% cheaper against Lighter RH than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.083%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH XAG	65.612	0.0032	pay 0.0004% / 1h	42m 51s	$4.6M	$9.5M	25x
Short	HTX XAG-USDT	65.640	0	get 0.0000% / 4h	1h 42m	$1.1M	$1.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.042%Rate

Funding earned: −$6.72
Price spread: +0.042% → +0.083%: −$4.02
Slippage, 4 orders: −$13.11
Fee Lighter RH: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$35.85
Costs to cover: 0.251%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 4 min ago; HTX: 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	1.37 bp	1.4 bp −$1	2.8 bp −$28	26.7 bp −$2,671	doesn't fit
Sell HTX live order book, 4 min ago	2.29 bp	12.8 bp −$13	14.0 bp −$140	16.9 bp −$1,694	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
Hotstuff SILVER-PERP	−3.2000%	1h	65.532	−0.122%	$36K	$23K	20x	as long as short
Ondo Perps XAG-USD.P	−0.0002%	1h	65.490	−0.186%	$5.7M	$11.0M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.525	−0.132%	$13K	$8K	5x	as long as short
Gate XAG_USDT	0.0000%	4h	65.640	+0.042%	$138.4M	$204.9M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.620	+0.012%	$2K	$2.4M	20x	as long as short
HTX XAG-USDTshort	0.0000%	4h	65.640	+0.042%	$1.1M	$1.3M	75x
Phemex XAGUSDT	0.0000%	4h	65.630	+0.027%	$1.5M	$252K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.566	−0.070%	$119K	—	250x	as long as short
Lighter RH XAGlong	+0.0032%	1h	65.612	long leg	$4.6M	$9.5M	25x
Extended XAG-USD	+0.0032%	1h	65.559	−0.082%	$5.1M	$11.8M	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	−1.540%	$11K	$240	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.590	−0.034%	$789K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.035	+0.644%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.571	−0.063%	$3.8M	$893K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.542	−0.107%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.590	−0.034%	$446K	$1.4M	20x	as long as short
Paradex XAG-USD-PERP	+0.0055%	8h	65.586	−0.040%	$29K	—	5x	as long as short
tradeXYZ xyz:SILVER	+0.0059%	1h	65.578	−0.052%	$174.3M	$94.1M	25x	as long as short
Variational Omni XAG	+0.0081%	4h	65.578	−0.052%	$5.7M	$9.1M	—	as long as short
Pacifica XAG	+0.0100%	1h	65.542	−0.107%	$466K	$567K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.590	−0.034%	$25.4M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.590	−0.034%	$112K	$19K	50x	as long as short
Kalshi KXSILVERPERP	+0.0100%	24h	65.595	−0.026%	$718K	$38.7M	8.1x	as long as short
Aevo XAG-PERP	+0.0104%	1h	65.591	−0.033%	$47K	—	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	65.690	+0.119%	$1.6M	$1.9M	20x	as long as short
Aster XAGUSDT	+0.0104%	4h	65.600	−0.019%	$2.7M	$1.1M	100x	as long as short
Binance XAGUSDT	+0.0105%	4h	65.620	+0.011%	$191.5M	$864.1M	100x	as long as short
MEXC SILVER_USDT	+0.0106%	4h	65.620	+0.012%	$110.6M	$163.3M	1000x	as long as short
edgeX XAGUSDC	+0.0115%	4h	65.564	−0.073%	$668K	$315K	30x	as long as short
Bybit XAGUSDT	+0.0116%	4h	65.630	+0.027%	$30.6M	$48.2M	150x	as long as short
RISEx XAG/USDC	+0.0116%	1h	65.606	−0.009%	$1.2M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0122%	1h	65.545	−0.102%	$55K	$14K	25x	as long as short
GRVT XAG_USDT_Perp	+0.0130%	4h	65.656	+0.067%	$396K	$1.5M	25x	as long as short
Nado XAG-PERP	+0.0138%	1h	65.571	−0.063%	$1.2M	$3.6M	10x	as long as short
Lighter XAG	+0.0144%	1h	65.609	−0.005%	$5.1M	$11.6M	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0208%	1h	65.600	−0.019%	$77K	$414K	20x	as long as short
Bullet SILVER-USD	+0.0208%	1h	65.616	+0.006%	$45K	$73K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0210%	8h	65.620	+0.012%	$28.0M	$85.7M	50x	as long as short
Aftermath Perps XAGUSD	+0.0224%	1h	65.609	−0.005%	$79K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0238%	4h	65.630	+0.027%	$23.2M	$52.7M	100x	as long as short
Hibachi XAG/USDT-P	+0.0256%	1h	65.554	−0.088%	$21K	$12K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0271% / S −0.0239%	1h	65.605	−0.011%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0347%	4h	65.590	−0.034%	$2.7M	$771K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0548%	1h	65.578	−0.052%	$1.0M	$943K	25x	as long as short