Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0080%/8h= +8.7% APRpaid last 24h +0.012%

Price spread now: Paradex against Lighter RH+0.031%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter RH Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter RH: Points live · Paradex: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Paradex is 0.031% dearer against Lighter RH than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH XAG	66.521	0.0032	pay 0.0004% / 1h	0m 17s	$4.8M	$9.6M	25x
Short	Paradex XAG-USD-PERP	66.542	0.0112	get 0.0112% / 8h	7h 00m	$30K	$1K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.031%Rate

Funding earned: $16.77
Price spread: +0.031% → 0.000%: $3.08
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Paradex: 2 bp × 2 orders: −$4
Net: $15.85
Costs to cover: 0.040%
Break-even: 0.4 days

Slippage unknown: Lighter RH: live order book, 3 min ago; Paradex: no order-book sample. Net counts fees only.

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, 3 min ago	1.33 bp	1.3 bp −$1	2.4 bp −$24	22.7 bp −$2,271	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	66.475	−0.069%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.550	+0.043%	$25.5M	$35.7M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.530	+0.013%	$154.7M	$169.6M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.540	+0.028%	$2K	$2.9M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.560	+0.058%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.550	+0.043%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.467	−0.081%	$120K	—	250x	as long as short
Lighter RH XAGlong	+0.0032%	1h	66.521	long leg	$4.8M	$9.6M	25x
Extended XAG-USD	+0.0032%	1h	66.464	−0.085%	$5.4M	$12.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.182%	$11K	$94K	52x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	66.590	+0.103%	$801K	$2.8M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.972	+0.678%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.507	−0.021%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.499	−0.033%	$3.9M	$700K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.463	−0.087%	$3K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.440	−0.122%	$5.7M	$9.5M	25x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.530	+0.013%	$115K	$2.8M	20x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.492	−0.044%	$558K	$22.0M	8.1x	as long as short
tradeXYZ xyz:SILVER	+0.0070%	1h	66.493	−0.042%	$165.9M	$85.0M	25x	as long as short
Hotstuff SILVER-PERP	+0.0072%	1h	66.514	−0.011%	$35K	$21K	20x	as long as short
Aster XAGUSDT	+0.0097%	4h	66.510	−0.017%	$2.8M	$1.0M	100x	as long as short
Pacifica XAG	+0.0100%	1h	66.484	−0.056%	$474K	$619K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.500	−0.032%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.530	+0.013%	$127K	$24K	50x	as long as short
Variational Omni XAG	+0.0108%	4h	66.543	+0.033%	$5.6M	$9.8M	—	as long as short
Paradex XAG-USD-PERPshort	+0.0112%	8h	66.542	+0.031%	$30K	$1K	5x
Aevo XAG-PERP	+0.0120%	1h	66.519	−0.003%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0122%	4h	66.520	−0.002%	$108.9M	$161.4M	1000x	as long as short
BloFin XAG-USDT	+0.0122%	4h	66.590	+0.103%	$2.6M	$683K	100x	as long as short
Binance XAGUSDT	+0.0123%	4h	66.533	+0.018%	$193.5M	$718.2M	100x	as long as short
edgeX XAGUSDC	+0.0123%	4h	66.552	+0.047%	$675K	$315K	30x	as long as short
Lighter XAG	+0.0128%	1h	66.526	+0.007%	$5.4M	$10.6M	25x	as long as short
RISEx XAG/USDC	+0.0148%	1h	66.540	+0.028%	$1.3M	$4.2M	20x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.490	−0.047%	$1.9M	$965K	20x	as long as short
Nado XAG-PERP	+0.0188%	1h	66.502	−0.029%	$1.3M	$6.5M	10x	as long as short
GRVT XAG_USDT_Perp	+0.0190%	4h	66.559	+0.056%	$402K	$1.5M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0195%	8h	66.550	+0.043%	$28.0M	$66.9M	50x	as long as short
Bitget XAGUSDT	+0.0196%	4h	66.530	+0.013%	$24.6M	$47.5M	100x	as long as short
Aftermath Perps XAGUSD	+0.0209%	1h	66.511	−0.016%	$80K	$39K	10x	as long as short
Bullet SILVER-USD	+0.0250%	1h	66.543	+0.033%	$45K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0288%	1h	66.505	−0.025%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.535	+0.021%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0352%	1h	66.520	−0.002%	$50K	$336K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0489%	1h	66.502	−0.029%	$763K	$561K	25x	as long as short