Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0005%/8h= −0.5% APRpaid last 24h −0.001%

Price spread now: Bybit against Paradex+0.054%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Bybit

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 airdropParadex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.054% dearer against Paradex than usual: you sell high and buy low, +$5 on $10k if it 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	Paradex XAG-USD-PERP	65.564	0.0052	pay 0.0052% / 8h	4h 43m	$29K	—	5x
Short	Bybit XAGUSDT	65.600	0.0047	get 0.0024% / 4h	43m 40s	$30.3M	$48.7M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Paradex. 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 ParadexbpFee BybitbpOrdersPrice spread, now +0.054%Rate

Funding earned: −$0.99
Price spread: +0.054% → 0.000%: $5.44
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$10.55
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Bybit: live order book, 3 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell Bybit live order book, 3 min ago	0.76 bp	7.6 bp −$8	9.7 bp −$97	14.1 bp −$1,406	56.3 bp −$28.1K

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 exchanges

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	65.558	−0.010%	$13K	$8K	5x	as long as short
RISEx XAG/USDC	0.0000%	1h	65.584	+0.030%	$1.3M	$5.5M	20x	as long as short
Hotstuff SILVER-PERP	0.0000%	1h	65.599	+0.053%	$39K	$26K	20x	as long as short
Gate XAG_USDT	0.0000%	4h	65.590	+0.039%	$136.0M	$201.4M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.600	+0.054%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.630	+0.100%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.630	+0.100%	$1.5M	$257K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.559	−0.008%	$119K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.586	+0.033%	$4.6M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.532	−0.049%	$5.1M	$12.2M	10x	as long as short

Show all 44 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	64.602	−1.468%	$11K	$240	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.520	−0.068%	$788K	$3.0M	40x	as long as short
QFEX SILVER-USD	+0.0042%	1h	65.560	−0.007%	$446K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	66.020	+0.695%	—	—	25x	as long as short
Variational Omni XAG	+0.0047%	4h	65.488	−0.116%	$5.5M	$9.0M	—	as long as short
Bybit XAGUSDTshort	+0.0047%	4h	65.600	+0.054%	$30.3M	$48.7M	150x
Polymarket Perps SILVER-USD	+0.0050%	1h	65.569	+0.007%	$3.8M	$1.5M	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.543	−0.033%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	65.500	−0.098%	$5.7M	$11.0M	25x	as long as short
Paradex XAG-USD-PERPlong	+0.0052%	8h	65.564	long leg	$29K	—	5x
Deribit SILVER_USDC-PERPETUAL	+0.0055%	1h	65.570	+0.009%	$77K	$396K	20x	as long as short
Aster XAGUSDT	+0.0067%	4h	65.587	+0.034%	$2.7M	$1.2M	100x	as long as short
Binance XAGUSDT	+0.0070%	4h	65.580	+0.024%	$189.4M	$865.9M	100x	as long as short
MEXC SILVER_USDT	+0.0070%	4h	65.590	+0.039%	$119.1M	$164.1M	1000x	as long as short
Lighter XAG	+0.0072%	1h	65.595	+0.047%	$5.3M	$11.9M	25x	as long as short
Aevo XAG-PERP	+0.0080%	1h	65.609	+0.068%	$47K	—	10x	as long as short
GRVT XAG_USDT_Perp	+0.0088%	4h	65.590	+0.039%	$389K	$1.6M	25x	as long as short
edgeX XAGUSDC	+0.0090%	4h	65.502	−0.094%	$668K	$316K	30x	as long as short
tradeXYZ xyz:SILVER	+0.0095%	1h	65.571	+0.010%	$175.6M	$87.7M	25x	as long as short
Pacifica XAG	+0.0100%	1h	65.543	−0.032%	$462K	$518K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.560	−0.007%	$25.3M	$4.4M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.520	−0.068%	$112K	$19K	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	65.570	+0.009%	$1.6M	$2.0M	20x	as long as short
Kalshi KXSILVERPERP	+0.0108%	24h	65.592	+0.042%	$744K	$39.6M	8.1x	as long as short
Nado XAG-PERP	+0.0119%	1h	65.564	−0.001%	$1.2M	$3.4M	10x	as long as short
Phoenix SILVER	+0.0134%	1h	65.480	−0.129%	$55K	$15K	25x	as long as short
OKX XAG-USDT-SWAP	+0.0168%	8h	65.580	+0.024%	$27.6M	$87.5M	50x	as long as short
Bitget XAGUSDT	+0.0204%	4h	65.590	+0.039%	$23.2M	$54.0M	100x	as long as short
Aftermath Perps XAGUSD	+0.0218%	1h	65.536	−0.044%	$79K	$37K	10x	as long as short
Hibachi XAG/USDT-P	+0.0224%	1h	65.500	−0.099%	$21K	$12K	10x	as long as short
Bullet SILVER-USD	+0.0224%	1h	65.617	+0.081%	$44K	$72K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0284% / S −0.0256%	1h	65.615	+0.077%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0284%	4h	65.510	−0.083%	$2.7M	$783K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0540%	1h	65.580	+0.023%	$1.0M	$948K	25x	as long as short