Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0108%/8h= +11.8% APRpaid last 24h +0.012%

Price spread now: Binance against RISEx+0.012%7-day average +0.014% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$190.186% of the position

Long on RISEx Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.024%−$2 on $10k

Price spread, last 7 days+0.022%+$2 · spread now +0.012%, 7d avg +0.014%

Together, before fees−0.002%$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.014%, 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	RISEx XAG/USDC	65.662	0.0030	pay 0.0004% / 1h	10m 24s	$1.2M	$4.9M	20x
Short	Binance XAGUSDT	65.670	0.0138	get 0.0069% / 4h	2h 10m	$189.4M	$744.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against RISEx. 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 RISExbpFee BinancebpOrdersPrice spread, now +0.012%Rate

Funding earned: $22.63
Price spread: +0.012% → +0.014%: −$0.22
Slippage, 4 orders: −$2.57
Fee RISEx: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: $3.85
Costs to cover: 0.186%
Break-even: 5.8 days

Slippage from RISEx: live order book, 4 min ago; Binance: live order book, 3 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 RISEx live order book, 4 min ago	0.10 bp	3.1 bp −$3	4.8 bp −$48	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	0.76 bp	5.8 bp −$6	5.8 bp −$58	7.7 bp −$775	18.2 bp −$9,081

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	65.576	−0.131%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.610	−0.080%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.640	−0.034%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.630	−0.049%	$1.5M	$280K	100x	as long as short
Ondo Perps XAG-USD.P	+0.0001%	1h	65.560	−0.156%	$5.6M	$9.7M	25x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.616	−0.070%	$119K	—	250x	as long as short
RISEx XAG/USDClong	+0.0030%	1h	65.662	long leg	$1.2M	$4.9M	20x
Lighter RH XAG	+0.0032%	1h	65.610	−0.079%	$4.7M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.593	−0.105%	$5.1M	$11.7M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.123%	$11K	$94K	52x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix SILVER	+0.0036%	1h	65.418	−0.372%	$56K	$26K	25x	as long as short
Gate XAG_USDT	+0.0040%	4h	65.690	+0.042%	$145.1M	$179.8M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.570	−0.141%	$789K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.068	+0.618%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.627	−0.054%	$3.9M	$710K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.567	−0.145%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.630	−0.049%	$157K	$2.8M	20x	as long as short
Hotstuff SILVER-PERP	+0.0056%	1h	65.607	−0.084%	$35K	$21K	20x	as long as short
Paradex XAG-USD-PERP	+0.0064%	8h	65.616	−0.071%	$29K	$1K	5x	as long as short
Kalshi KXSILVERPERP	+0.0076%	24h	65.561	−0.154%	$445K	$28.8M	8.1x	as long as short
tradeXYZ xyz:SILVER	+0.0081%	1h	65.647	−0.023%	$171.1M	$82.7M	25x	as long as short
Aster XAGUSDT	+0.0088%	4h	65.677	+0.022%	$2.7M	$944K	100x	as long as short
Pacifica XAG	+0.0100%	1h	65.585	−0.118%	$468K	$626K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.620	−0.064%	$24.7M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.400	−0.399%	$112K	$23K	50x	as long as short
Bybit XAGUSDT	+0.0125%	4h	65.690	+0.042%	$28.8M	$38.9M	150x	as long as short
Variational Omni XAG	+0.0127%	4h	65.584	−0.120%	$5.5M	$9.5M	—	as long as short
Lighter XAG	+0.0128%	1h	65.617	−0.070%	$5.3M	$11.2M	25x	as long as short
Hibachi XAG/USDT-P	+0.0136%	1h	65.476	−0.284%	$20K	$19K	10x	as long as short
Aevo XAG-PERP	+0.0136%	1h	65.598	−0.097%	$47K	—	10x	as long as short
Binance XAGUSDTshort	+0.0138%	4h	65.670	+0.012%	$189.4M	$744.4M	100x
MEXC SILVER_USDT	+0.0138%	4h	65.650	−0.019%	$123.3M	$161.5M	1000x	as long as short
Nado XAG-PERP	+0.0155%	1h	65.582	−0.122%	$1.3M	$5.5M	10x	as long as short
edgeX XAGUSDC	+0.0158%	4h	65.443	−0.334%	$666K	$311K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.530	−0.202%	$1.6M	$1.3M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0204%	4h	65.430	−0.354%	$397K	$1.5M	25x	as long as short
Aftermath Perps XAGUSD	+0.0208%	1h	65.471	−0.292%	$79K	$37K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0216%	8h	65.690	+0.042%	$27.9M	$70.1M	50x	as long as short
Bitget XAGUSDT	+0.0216%	4h	65.670	+0.012%	$23.8M	$46.2M	100x	as long as short
Bullet SILVER-USD	+0.0245%	1h	65.681	+0.028%	$43K	$76K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0360%	1h	65.620	−0.064%	$66K	$367K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0366% / S −0.0361%	1h	65.675	+0.019%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0379%	4h	65.610	−0.080%	$2.6M	$622K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0470%	1h	65.576	−0.131%	$915K	$735K	25x	as long as short