Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0095%/8h= −10.4% APRpaid last 24h −0.017%

Price spread now: RISEx against OKX−0.023%7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$200.199% of the position

Long on OKX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.023%+$2 on $10k

Price spread, last 7 days+0.005%$0 · spread now −0.023%, 7d avg −0.007%

Together, before fees+0.028%+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.007%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XAG-USDT-SWAP	66.180	0.0232	pay 0.0232% / 8h	4h 32m	$27.8M	$65.5M	50x
Short	RISEx XAG/USDC	66.165	0.0137	get 0.0017% / 1h	32m 38s	$1.3M	$4.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.023%Rate

Funding earned: −$20.03
Price spread: −0.023% → −0.007%: −$1.56
Slippage, 4 orders: −$3.93
Fee OKX: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$41.53
Costs to cover: 0.199%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; RISEx: live order book, 1 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, 1 min ago	0.76 bp	5.8 bp −$6	6.1 bp −$61	10.4 bp −$1,043	doesn't fit
Sell RISEx live order book, 1 min ago	1.21 bp	4.2 bp −$4	4.9 bp −$49	doesn't fit	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
dYdX XAG-USD	0.0000%	1h	66.081	−0.149%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.190	+0.015%	$150.2M	$163.2M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.160	−0.030%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.160	−0.030%	$1.0M	$971K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.150	−0.045%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.074	−0.160%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.154	−0.040%	$4.8M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.097	−0.125%	$5.2M	$11.7M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.332%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.120	−0.091%	$795K	$3.0M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SI-PERP	+0.0046%	1h	66.573	+0.594%	—	—	25x	as long as short
Hotstuff SILVER-PERP	+0.0048%	1h	66.114	−0.100%	$35K	$21K	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.115	−0.098%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.068	−0.169%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.060	−0.181%	$5.7M	$9.6M	25x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.140	−0.060%	$115K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0060%	1h	66.080	−0.151%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0069%	24h	66.118	−0.094%	$521K	$25.5M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	66.118	−0.094%	$470K	$619K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.120	−0.091%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.050	−0.196%	$113K	$30K	50x	as long as short
tradeXYZ xyz:SILVER	+0.0134%	1h	66.116	−0.097%	$165.5M	$74.0M	25x	as long as short
RISEx XAG/USDCshort	+0.0137%	1h	66.165	−0.023%	$1.3M	$4.5M	20x
Aster XAGUSDT	+0.0146%	4h	66.146	−0.052%	$2.7M	$876K	100x	as long as short
Paradex XAG-USD-PERP	+0.0152%	8h	66.157	−0.035%	$30K	$1K	5x	as long as short
Bybit XAGUSDT	+0.0165%	4h	66.200	+0.030%	$27.0M	$36.1M	150x	as long as short
Nado XAG-PERP	+0.0196%	1h	66.092	−0.133%	$1.3M	$6.5M	10x	as long as short
Lighter XAG	+0.0200%	1h	66.163	−0.025%	$5.2M	$10.5M	25x	as long as short
Aevo XAG-PERP	+0.0200%	1h	66.140	−0.061%	$47K	—	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.130	−0.076%	$1.8M	$999K	20x	as long as short
BloFin XAG-USDT	+0.0205%	4h	66.160	−0.030%	$2.6M	$554K	100x	as long as short
Variational Omni XAG	+0.0210%	4h	66.123	−0.085%	$5.6M	$9.7M	—	as long as short
MEXC SILVER_USDT	+0.0216%	4h	66.170	−0.015%	$109.3M	$152.5M	1000x	as long as short
Binance XAGUSDT	+0.0217%	4h	66.168	−0.019%	$192.9M	$700.8M	100x	as long as short
Aftermath Perps XAGUSD	+0.0229%	1h	66.095	−0.129%	$80K	$37K	10x	as long as short
OKX XAG-USDT-SWAPlong	+0.0232%	8h	66.180	long leg	$27.8M	$65.5M	50x
edgeX XAGUSDC	+0.0235%	4h	66.098	−0.123%	$671K	$312K	30x	as long as short
Bitget XAGUSDT	+0.0260%	4h	66.170	−0.015%	$23.8M	$45.5M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0282%	4h	66.121	−0.090%	$389K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0309%	1h	66.163	−0.025%	$44K	$76K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0355%	1h	66.120	−0.091%	$62K	$348K	20x	as long as short
Hibachi XAG/USDT-P	+0.0376%	1h	66.060	−0.181%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0376% / S −0.0411%	1h	66.155	−0.038%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0485%	1h	66.114	−0.100%	$912K	$676K	25x	as long as short