Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0075%/8h= +8.2% APRpaid last 24h +0.007%

Price spread now: HTX against Ondo Perps+0.245%7-day average +0.237% · you sell dearer than you buy

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

Long on Ondo Perps Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$1 on $10k

Price spread, last 4 days (all we have)−0.031%−$3 · spread now +0.245%, 7d avg +0.237%

Together, before fees−0.016%+ Points / potential airdropOndo Perps: Active · farm board−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.237%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps XAG-USD.P	65.240	−0.0075	get 0.0009% / 1h	38m 20s	$5.6M	$9.7M	25x
Short	HTX XAG-USDT	65.400	0	get 0.0000% / 4h	1h 38m	$1.1M	$1.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Ondo Perps. 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 Ondo PerpsbpFee HTXbpOrdersPrice spread, now +0.245%Rate

Funding earned: $15.79
Price spread: +0.245% → +0.237%: $0.81
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$0.4
Costs to cover: 0.170%
Break-even: 7.2 days

Slippage unknown: Ondo Perps: no order-book sample; HTX: live order book, just now. 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell HTX live order book, just now	3.06 bp	12.3 bp −$12	13.5 bp −$135	19.7 bp −$1,970	doesn't fit

Ondo Perps: 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
Hibachi XAG/USDT-P	−0.0128%	1h	65.358	+0.181%	$20K	$20K	10x	as long as short
Ondo Perps XAG-USD.Plong	−0.0075%	1h	65.240	long leg	$5.6M	$9.7M	25x
Hotstuff SILVER-PERP	−0.0024%	1h	65.329	+0.136%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	65.295	+0.085%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.370	+0.199%	$2K	$2.6M	20x	as long as short
HTX XAG-USDTshort	0.0000%	4h	65.400	+0.245%	$1.1M	$1.1M	75x
Phemex XAGUSDT	0.0000%	4h	65.370	+0.199%	$1.5M	$280K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.289	+0.076%	$118K	—	250x	as long as short
Bybit XAGUSDT	+0.0015%	4h	65.370	+0.199%	$28.4M	$39.7M	150x	as long as short
Gate XAG_USDT	+0.0028%	4h	65.370	+0.199%	$141.2M	$181.3M	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	65.345	+0.160%	$4.6M	$9.8M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.294	+0.083%	$5.1M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.778%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.350	+0.169%	$786K	$3.0M	40x	as long as short
Aster XAGUSDT	+0.0045%	4h	65.360	+0.183%	$2.7M	$973K	100x	as long as short
Vest SI-PERP	+0.0046%	1h	65.770	+0.812%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0050%	1h	65.360	+0.184%	$152K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.325	+0.130%	$170.2M	$83.1M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.326	+0.132%	$3.8M	$718K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.290	+0.077%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0057%	8h	65.339	+0.152%	$29K	$1K	5x	as long as short
Variational Omni XAG	+0.0060%	4h	65.414	+0.266%	$5.5M	$9.4M	—	as long as short
RISEx XAG/USDC	+0.0061%	1h	65.360	+0.184%	$1.3M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0061%	1h	65.377	+0.210%	$56K	$31K	25x	as long as short
MEXC SILVER_USDT	+0.0074%	4h	65.350	+0.169%	$115.3M	$157.2M	1000x	as long as short
Binance XAGUSDT	+0.0074%	4h	65.357	+0.180%	$189.9M	$763.7M	100x	as long as short
Kalshi KXSILVERPERP	+0.0077%	24h	65.306	+0.101%	$487K	$30.6M	8.1x	as long as short
Aevo XAG-PERP	+0.0080%	1h	65.344	+0.159%	$47K	—	10x	as long as short
edgeX XAGUSDC	+0.0095%	4h	65.402	+0.248%	$666K	$312K	30x	as long as short
Pacifica XAG	+0.0100%	1h	65.291	+0.078%	$466K	$624K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.330	+0.138%	$25.3M	$5.0M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.370	+0.199%	$112K	$19K	50x	as long as short
Lighter XAG	+0.0112%	1h	65.346	+0.163%	$5.4M	$11.4M	25x	as long as short
GRVT XAG_USDT_Perp	+0.0116%	4h	65.409	+0.259%	$397K	$1.6M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0120%	1h	65.380	+0.215%	$1.6M	$1.4M	20x	as long as short
Nado XAG-PERP	+0.0120%	1h	65.321	+0.124%	$1.2M	$5.5M	10x	as long as short
Bullet SILVER-USD	+0.0163%	1h	65.361	+0.185%	$43K	$76K	10x	as long as short
Bitget XAGUSDT	+0.0186%	4h	65.360	+0.184%	$23.8M	$46.6M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0189%	8h	65.350	+0.169%	$27.9M	$71.3M	50x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.330	+0.138%	$65K	$375K	20x	as long as short
Aftermath Perps XAGUSD	+0.0215%	1h	65.355	+0.176%	$79K	$37K	10x	as long as short
BloFin XAG-USDT	+0.0299%	4h	65.410	+0.261%	$2.6M	$610K	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0318% / S −0.0301%	1h	65.345	+0.161%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0493%	1h	65.317	+0.118%	$915K	$746K	25x	as long as short