Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0022%/8h= +2.4% APRpaid last 24h +0.027%

Price spread now: MEXC against Lighter RH0.000%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$5as in the Funding arb table

Net, price: spread back to 7d avg − costs−$9as in the Price arb table

costs, in and out, $10k−$50.050% of the position

Long on Lighter RH Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 7 days+0.060%+$6 · spread now 0.000%, 7d avg +0.041%

Together, before fees+0.058%+ Points / potential airdropLighter RH: Points live · farm board+$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.041% cheaper against Lighter RH than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.041%). If the spread goes back, that is −$4 on $10k: about 6.2 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	65.420	0.0032	pay 0.0004% / 1h	57m 03s	$4.6M	$9.7M	25x
Short	MEXC SILVER_USDT	65.420	0.0054	get 0.0027% / 4h	57m 03s	$116.9M	$156.0M	1000x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now 0.000%Rate

Funding earned: $4.62
Price spread: 0.000% → +0.041%: −$4.08
Slippage, 4 orders: −$4.95
Fee Lighter RH: 0 bp × 2 orders: $0
Fee MEXC: 0 bp × 2 orders: $0
Net: −$4.42
Costs to cover: 0.050%
Break-even: 13.7 days

Slippage from Lighter RH: live order book, 2 min ago; MEXC: live order book, 2 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, 2 min ago	1.70 bp	1.7 bp −$2	2.6 bp −$26	26.6 bp −$2,662	doesn't fit
Sell MEXC live order book, 2 min ago	0.77 bp	0.8 bp −$1	0.8 bp −$8	1.0 bp −$99	2.9 bp −$1,444

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
dYdX XAG-USD	0.0000%	1h	65.293	−0.194%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.450	+0.046%	$27.8M	$39.6M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.390	−0.046%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.430	+0.016%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.420	0.000%	$1.5M	$281K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.351	−0.105%	$118K	—	250x	as long as short
Ondo Perps XAG-USD.P	+0.0009%	1h	65.270	−0.229%	$5.6M	$9.7M	25x	as long as short
Hotstuff SILVER-PERP	+0.0024%	1h	65.360	−0.091%	$35K	$21K	20x	as long as short
Variational Omni XAG	+0.0030%	4h	65.314	−0.162%	$5.5M	$9.2M	—	as long as short
Lighter RH XAGlong	+0.0032%	1h	65.420	long leg	$4.6M	$9.7M	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	65.345	−0.114%	$5.1M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.498%	$11K	$94K	52x	as long as short
Gate XAG_USDT	+0.0034%	4h	65.450	+0.046%	$141.5M	$176.2M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.330	−0.137%	$786K	$2.9M	40x	as long as short
Aster XAGUSDT	+0.0042%	4h	65.410	−0.015%	$2.7M	$954K	100x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.390	−0.046%	$152K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.797	+0.577%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.357	−0.096%	$3.8M	$856K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.358	−0.094%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0053%	8h	65.369	−0.078%	$29K	$1K	5x	as long as short
MEXC SILVER_USDTshort	+0.0054%	4h	65.420	0.000%	$116.9M	$156.0M	1000x
Binance XAGUSDT	+0.0055%	4h	65.435	+0.023%	$191.7M	$763.2M	100x	as long as short
Phoenix SILVER	+0.0061%	1h	65.294	−0.192%	$56K	$31K	25x	as long as short
edgeX XAGUSDC	+0.0066%	4h	65.316	−0.159%	$665K	$315K	30x	as long as short
Aevo XAG-PERP	+0.0072%	1h	65.408	−0.019%	$47K	—	10x	as long as short
Kalshi KXSILVERPERP	+0.0079%	24h	65.357	−0.096%	$483K	$31.5M	8.1x	as long as short
tradeXYZ xyz:SILVER	+0.0081%	1h	65.397	−0.035%	$170.7M	$83.3M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	65.230	−0.290%	$1.6M	$1.4M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.320	−0.153%	$469K	$621K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.390	−0.046%	$25.4M	$5.0M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.260	−0.244%	$112K	$19K	50x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.409	−0.016%	$1.2M	$4.9M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0142%	4h	65.325	−0.145%	$391K	$1.6M	25x	as long as short
Lighter XAG	+0.0144%	1h	65.424	+0.006%	$5.3M	$11.1M	25x	as long as short
Hibachi XAG/USDT-P	+0.0152%	1h	65.288	−0.202%	$20K	$18K	10x	as long as short
Nado XAG-PERP	+0.0153%	1h	65.348	−0.110%	$1.2M	$5.1M	10x	as long as short
Bitget XAGUSDT	+0.0170%	4h	65.430	+0.016%	$23.7M	$45.9M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0182%	8h	65.430	+0.016%	$28.2M	$71.0M	50x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.410	−0.015%	$66K	$385K	20x	as long as short
Aftermath Perps XAGUSD	+0.0210%	1h	65.296	−0.189%	$78K	$37K	10x	as long as short
BloFin XAG-USDT	+0.0220%	4h	65.380	−0.061%	$2.7M	$599K	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.415	−0.007%	$93K	—	111x	as long as short
Bullet SILVER-USD	+0.0248%	1h	65.372	−0.073%	$44K	$75K	10x	as long as short
Kraken Futures PF_XAGUSD	+0.0363%	1h	65.379	−0.062%	$1.0M	$874K	25x	as long as short