Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.012%

Price spread now: StandX against Phemex−0.092%7-day average −0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$410.410% of the position

Long on Phemex Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.076%+$8 on $10k

Price spread, last 4 days (all we have)−0.058%−$6 · spread now −0.092%, 7d avg −0.056%

Together, before fees+0.018%+ Points / potential airdropStandX: Active · farm board+$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. StandX is 0.037% cheaper against Phemex than usual: you would sell low and buy high (spread −0.092% now, against its 7-day average of −0.056%). If the spread goes back, that is −$4 on $10k: about 3.0 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex XAGUSDT	65.030	0	get 0.0000% / 4h	3h 19m	$1.5M	$346K	100x
Short	StandX XAG-USD	64.970	0.0040	get 0.0005% / 1h	19m 40s	$781K	$3.0M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX against Phemex. 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 PhemexbpFee StandXbpOrdersPrice spread, now −0.092%Rate

Funding earned: $8.4
Price spread: −0.092% → −0.056%: −$3.66
Slippage, 4 orders: −$21.02
Fee Phemex: 6 bp × 2 orders: −$12
Fee StandX: 4 bp × 2 orders: −$8
Net: −$36.28
Costs to cover: 0.410%
Break-even: 37.2 days

Slippage from Phemex: live order book, 3 min ago; StandX: live order book, 4 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 Phemex live order book, 3 min ago	3.08 bp	12.0 bp −$12	15.4 bp −$154	doesn't fit	doesn't fit
Sell StandX live order book, 4 min ago	2.31 bp	6.3 bp −$6	10.1 bp −$101	31.6 bp −$3,156	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	65.013	−0.026%	$12K	$6K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.030	0.000%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.030	0.000%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDTlong	0.0000%	4h	65.030	long leg	$1.5M	$346K	100x
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	64.953	−0.118%	$117K	—	250x	as long as short
Gate XAG_USDT	+0.0016%	4h	65.130	+0.154%	$138.3M	$187.9M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.068	+0.059%	$4.5M	$9.9M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	64.973	−0.088%	$5.0M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	64.602	−0.658%	$11K	$240	52x	as long as short
StandX XAG-USDshort	+0.0040%	1h	64.970	−0.092%	$781K	$3.0M	40x

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SI-PERP	+0.0046%	1h	65.431	+0.617%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0047%	1h	65.000	−0.046%	$446K	$1.5M	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	64.990	−0.062%	$3.8M	$890K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	64.953	−0.118%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	64.900	−0.200%	$5.6M	$10.1M	25x	as long as short
Variational Omni XAG	+0.0065%	4h	65.026	−0.007%	$5.4M	$9.2M	—	as long as short
edgeX XAGUSDC	+0.0071%	4h	64.801	−0.353%	$660K	$314K	30x	as long as short
Paradex XAG-USD-PERP	+0.0076%	8h	65.002	−0.043%	$29K	$166	5x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0080%	1h	64.840	−0.292%	$1.6M	$1.5M	20x	as long as short
Kalshi KXSILVERPERP	+0.0087%	24h	64.993	−0.057%	$488K	$35.1M	8.1x	as long as short
MEXC SILVER_USDT	+0.0094%	4h	65.080	+0.077%	$124.0M	$160.3M	1000x	as long as short
Pacifica XAG	+0.0100%	1h	64.949	−0.125%	$463K	$591K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.020	−0.015%	$25.1M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	64.750	−0.431%	$111K	$19K	50x	as long as short
Aevo XAG-PERP	+0.0104%	1h	65.017	−0.019%	$47K	—	10x	as long as short
Binance XAGUSDT	+0.0105%	4h	65.070	+0.062%	$198.4M	$790.4M	100x	as long as short
Phoenix SILVER	+0.0111%	1h	64.615	−0.638%	$55K	$31K	25x	as long as short
Aster XAGUSDT	+0.0122%	4h	65.070	+0.062%	$2.7M	$1.0M	100x	as long as short
Hotstuff SILVER-PERP	+0.0128%	1h	64.968	−0.095%	$35K	$21K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0136%	1h	65.068	+0.058%	$173.5M	$89.0M	25x	as long as short
RISEx XAG/USDC	+0.0158%	1h	65.030	+0.001%	$1.2M	$4.9M	20x	as long as short
Nado XAG-PERP	+0.0166%	1h	64.979	−0.079%	$1.2M	$4.2M	10x	as long as short
OKX XAG-USDT-SWAP	+0.0210%	8h	65.070	+0.062%	$29.1M	$76.3M	50x	as long as short
Aftermath Perps XAGUSD	+0.0218%	1h	64.827	−0.312%	$78K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0220%	4h	65.120	+0.138%	$23.0M	$48.4M	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0237% / S −0.0196%	1h	65.025	−0.008%	$92K	—	111x	as long as short
Lighter XAG	+0.0240%	1h	65.088	+0.090%	$5.2M	$11.3M	25x	as long as short
GRVT XAG_USDT_Perp	+0.0298%	4h	64.847	−0.282%	$386K	$1.6M	25x	as long as short
Bullet SILVER-USD	+0.0310%	1h	65.025	−0.008%	$45K	$75K	10x	as long as short
BloFin XAG-USDT	+0.0336%	4h	64.980	−0.077%	$2.7M	$697K	100x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0366%	1h	65.010	−0.031%	$76K	$435K	20x	as long as short
Hibachi XAG/USDT-P	+0.0368%	1h	64.890	−0.215%	$20K	$15K	10x	as long as short
Bybit XAGUSDT	+0.0382%	4h	65.080	+0.077%	$30.2M	$43.6M	150x	as long as short
Kraken Futures PF_XAGUSD	+0.0419%	1h	65.003	−0.042%	$1.0M	$894K	25x	as long as short