Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0141%/8h= −15.4% APRpaid last 24h −0.026%

Price spread now: Extended against OKX−0.114%7-day average −0.068% · you buy dearer than you sell

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$190.191% of the position

Long on OKX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 7 days+0.075%+$8 · spread now −0.114%, 7d avg −0.068%

Together, before fees+0.108%+ Points / potential airdropExtended: Active · farm board+$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Extended is 0.046% cheaper against OKX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.068%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XAG-USDT-SWAP	65.100	0.0173	pay 0.0173% / 8h	6m 56s	$28.4M	$70.5M	50x
Short	Extended XAG-USD	65.026	0.0032	get 0.0004% / 1h	6m 56s	$5.0M	$11.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against OKX. 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 OKXbpFee ExtendedbpOrdersPrice spread, now −0.114%Rate

Funding earned: −$29.51
Price spread: −0.114% → −0.068%: −$4.59
Slippage, 4 orders: −$4.14
Fee OKX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$53.24
Costs to cover: 0.191%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Extended: 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 OKX live order book, 2 min ago	0.77 bp	5.8 bp −$6	5.9 bp −$59	10.2 bp −$1,023	93.6 bp −$46.8K
Sell Extended live order book, 2 min ago	0.08 bp	5.0 bp −$5	6.5 bp −$65	14.2 bp −$1,416	doesn't fit

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	−0.0026%	1h	64.970	−0.200%	$5.7M	$9.9M	25x	as long as short
Hotstuff SILVER-PERP	−0.0024%	1h	65.035	−0.100%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	64.997	−0.158%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.100	0.000%	$27.7M	$39.1M	150x	as long as short
Variational Omni XAG	0.0000%	4h	65.227	+0.195%	$5.5M	$9.1M	—	as long as short
SunX XAG-USDT	0.0000%	4h	65.090	−0.015%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.150	+0.077%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.100	0.000%	$1.5M	$278K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.023	−0.118%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0030%	4h	65.100	0.000%	$140.2M	$181.7M	100x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XAG	+0.0032%	1h	65.088	−0.018%	$4.6M	$10.0M	25x	as long as short
Extended XAG-USDshort	+0.0032%	1h	65.026	−0.114%	$5.0M	$11.8M	10x
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.997%	$11K	$94K	52x	as long as short
MEXC SILVER_USDT	+0.0034%	4h	65.080	−0.031%	$124.5M	$162.6M	1000x	as long as short
Binance XAGUSDT	+0.0034%	4h	65.090	−0.015%	$191.6M	$755.9M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.110	+0.015%	$783K	$3.0M	40x	as long as short
Aster XAGUSDT	+0.0040%	4h	65.094	−0.010%	$2.7M	$982K	100x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.070	−0.046%	$170K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.493	+0.604%	—	—	25x	as long as short
Aevo XAG-PERP	+0.0048%	1h	65.077	−0.036%	$47K	—	10x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.041	−0.091%	$3.8M	$892K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.025	−0.115%	$3K	$6K	20x	as long as short
edgeX XAGUSDC	+0.0050%	4h	65.251	+0.232%	$664K	$312K	30x	as long as short
Paradex XAG-USD-PERP	+0.0053%	8h	65.054	−0.070%	$29K	$1K	5x	as long as short
Phoenix SILVER	+0.0061%	1h	65.076	−0.037%	$56K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0071%	1h	65.046	−0.083%	$172.9M	$84.5M	25x	as long as short
Kalshi KXSILVERPERP	+0.0080%	24h	65.055	−0.069%	$489K	$32.2M	8.1x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	65.030	−0.108%	$1.6M	$1.4M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.011	−0.137%	$463K	$598K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.050	−0.077%	$25.2M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.200	+0.154%	$111K	$19K	50x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.077	−0.036%	$1.3M	$4.9M	20x	as long as short
BloFin XAG-USDT	+0.0136%	4h	65.100	0.000%	$2.7M	$624K	100x	as long as short
GRVT XAG_USDT_Perp	+0.0144%	4h	65.219	+0.182%	$394K	$1.6M	25x	as long as short
Nado XAG-PERP	+0.0155%	1h	65.031	−0.106%	$1.2M	$4.7M	10x	as long as short
Bitget XAGUSDT	+0.0162%	4h	65.090	−0.015%	$23.2M	$44.9M	100x	as long as short
OKX XAG-USDT-SWAPlong	+0.0173%	8h	65.100	long leg	$28.4M	$70.5M	50x
Lighter XAG	+0.0184%	1h	65.094	−0.010%	$5.3M	$11.3M	25x	as long as short
Aftermath Perps XAGUSD	+0.0194%	1h	65.101	+0.002%	$78K	$37K	10x	as long as short
Hibachi XAG/USDT-P	+0.0224%	1h	65.052	−0.073%	$20K	$16K	10x	as long as short
Bullet SILVER-USD	+0.0234%	1h	65.077	−0.035%	$45K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.075	−0.038%	$92K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0365%	1h	65.053	−0.072%	$1.0M	$869K	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0365%	1h	65.080	−0.031%	$65K	$398K	20x	as long as short