Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0076%/8h= +8.3% APRpaid last 24h +0.046%

Price spread now: Hibachi against MEXC−0.030%7-day average — · you buy dearer than you sell

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

Long on MEXC Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropHibachi: Active · farm boardneeds both histories

Funding pays, the price is against you. Hibachi is 0.030% cheaper against MEXC than usual: you would sell low and buy high (spread −0.030% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 32 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SILVER_USDT	66.340	0.0196	pay 0.0098% / 4h	1h 23m	$105.4M	$153.6M	1000x
Short	Hibachi XAG/USDT-P	66.320	0.0272	get 0.0034% / 1h	23m 30s	$20K	$19K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against MEXC. 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 MEXCbpFee HibachibpOrdersPrice spread, now −0.030%Rate

Funding earned: $15.96
Price spread: −0.030% → 0.000%: −$3.01
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: $3.95
Costs to cover: 0.090%
Break-even: 5.3 days

Slippage unknown: MEXC: live order book, 6 min ago; Hibachi: 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 MEXC live order book, 6 min ago	0.75 bp	0.8 bp −$1	0.8 bp −$8	1.2 bp −$121	4.7 bp −$2,355
Sell Hibachi no order-book sample	—	—	—	—	—

Hibachi: 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	66.272	−0.103%	$15K	—	5x	as long as short
Hotstuff SILVER-PERP	0.0000%	1h	66.318	−0.033%	$35K	$21K	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.360	+0.030%	$150.3M	$164.3M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.380	+0.060%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.380	+0.060%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.360	+0.030%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.299	−0.063%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.336	−0.006%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.280	−0.090%	$5.3M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.090%	$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	66.340	0.000%	$798K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.784	+0.669%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.307	−0.050%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.282	−0.087%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.220	−0.181%	$5.7M	$9.8M	25x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.330	−0.015%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0065%	24h	66.335	−0.008%	$536K	$24.6M	8.1x	as long as short
Phoenix SILVER	+0.0084%	1h	66.308	−0.048%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0097%	1h	66.316	−0.036%	$166.1M	$73.4M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.292	−0.072%	$472K	$610K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.300	−0.060%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.320	−0.030%	$113K	$30K	50x	as long as short
Paradex XAG-USD-PERP	+0.0133%	8h	66.335	−0.008%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0135%	4h	66.350	+0.015%	$2.7M	$877K	100x	as long as short
Bybit XAGUSDT	+0.0154%	4h	66.350	+0.015%	$26.9M	$36.1M	150x	as long as short
BloFin XAG-USDT	+0.0175%	4h	66.340	0.000%	$2.6M	$553K	100x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.356	+0.024%	$48K	—	10x	as long as short
RISEx XAG/USDC	+0.0181%	1h	66.343	+0.005%	$1.3M	$4.5M	20x	as long as short
Variational Omni XAG	+0.0184%	4h	66.321	−0.028%	$5.6M	$9.8M	—	as long as short
Lighter XAG	+0.0192%	1h	66.343	+0.005%	$5.3M	$10.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.350	+0.015%	$1.9M	$995K	20x	as long as short
Binance XAGUSDT	+0.0196%	4h	66.341	+0.002%	$192.2M	$704.9M	100x	as long as short
MEXC SILVER_USDTlong	+0.0196%	4h	66.340	long leg	$105.4M	$153.6M	1000x
Nado XAG-PERP	+0.0212%	1h	66.293	−0.070%	$1.3M	$6.6M	10x	as long as short
edgeX XAGUSDC	+0.0215%	4h	66.339	−0.001%	$673K	$314K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0217%	8h	66.350	+0.015%	$27.8M	$65.9M	50x	as long as short
Aftermath Perps XAGUSD	+0.0232%	1h	66.282	−0.087%	$80K	$38K	10x	as long as short
Bitget XAGUSDT	+0.0246%	4h	66.340	0.000%	$23.8M	$45.8M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0268%	4h	66.347	+0.011%	$402K	$1.5M	25x	as long as short
Hibachi XAG/USDT-Pshort	+0.0272%	1h	66.320	−0.030%	$20K	$19K	10x
Bullet SILVER-USD	+0.0279%	1h	66.377	+0.056%	$46K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0351% / S −0.0373%	1h	66.375	+0.053%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0353%	1h	66.340	0.000%	$50K	$322K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0549%	1h	66.335	−0.007%	$915K	$671K	25x	as long as short