Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0158%/8h= −17.3% APRpaid last 24h −0.022%

Price spread now: SunX against RISEx+0.028%7-day average +0.006% · 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−$75as in the Price arb table

costs, in and out, $10k−$770.768% of the position

Long on RISEx Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.074%−$7 on $10k

Price spread, last 4 days (all we have)+0.100%+$10 · spread now +0.028%, 7d avg +0.006%

Together, before fees+0.026%+$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.023% dearer against RISEx than usual: you sell high and buy low (spread +0.028% now, against its 7-day average of +0.006%): +$2 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 11 hours. At the pace of the last 4 days (−0.074% in total) that is about 28 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx XAG/USDC	64.912	0.0158	pay 0.0020% / 1h	34m 19s	$1.2M	$4.9M	20x
Short	SunX XAG-USDT	64.930	0	get 0.0000% / 4h	3h 34m	$2K	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.028%Rate

Funding earned: −$33.19
Price spread: +0.028% → +0.006%: $2.27
Slippage, 4 orders: −$62.79
Fee RISEx: 3 bp × 2 orders: −$6
Fee SunX: 4 bp × 2 orders: −$8
Net: −$107.71
Costs to cover: 0.768%
Break-even: never at this rate

Slippage from RISEx: live order book, 5 min ago; SunX: 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, 5 min ago	1.36 bp	4.4 bp −$4	5.6 bp −$56	doesn't fit	doesn't fit
Sell SunX live order book, 3 min ago	30.03 bp	34.0 bp −$34	63.0 bp −$630	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	64.862	−0.076%	$12K	$6K	5x	as long as short
SunX XAG-USDTshort	0.0000%	4h	64.930	+0.028%	$2K	$2.4M	20x
HTX XAG-USDT	0.0000%	4h	64.950	+0.059%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	64.940	+0.044%	$1.4M	$310K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	64.866	−0.071%	$117K	—	250x	as long as short
Variational Omni XAG	+0.0015%	4h	64.904	−0.011%	$5.3M	$9.1M	—	as long as short
Lighter RH XAG	+0.0032%	1h	64.906	−0.008%	$4.6M	$9.8M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	64.843	−0.106%	$5.0M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+2.293%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	64.890	−0.033%	$780K	$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
Gate XAG_USDT	+0.0042%	4h	64.940	+0.044%	$139.5M	$182.4M	100x	as long as short
Vest SI-PERP	+0.0046%	1h	65.320	+0.629%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0047%	1h	64.900	−0.018%	$445K	$1.5M	20x	as long as short
MEXC SILVER_USDT	+0.0050%	4h	64.910	−0.002%	$121.1M	$158.1M	1000x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	64.836	−0.116%	$3.8M	$890K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	64.850	−0.095%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	64.810	−0.157%	$5.6M	$9.9M	25x	as long as short
Binance XAGUSDT	+0.0054%	4h	64.922	+0.016%	$195.9M	$772.1M	100x	as long as short
Paradex XAG-USD-PERP	+0.0060%	8h	64.908	−0.005%	$29K	$166	5x	as long as short
edgeX XAGUSDC	+0.0061%	4h	64.937	+0.040%	$661K	$313K	30x	as long as short
Aevo XAG-PERP	+0.0064%	1h	64.895	−0.025%	$47K	—	10x	as long as short
Aster XAGUSDT	+0.0067%	4h	64.912	+0.001%	$2.6M	$995K	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0080%	1h	64.880	−0.049%	$1.6M	$1.4M	20x	as long as short
Kalshi KXSILVERPERP	+0.0084%	24h	64.923	+0.018%	$485K	$33.8M	8.1x	as long as short
Hotstuff SILVER-PERP	+0.0088%	1h	64.925	+0.021%	$35K	$21K	20x	as long as short
Pacifica XAG	+0.0100%	1h	64.856	−0.086%	$463K	$592K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	64.870	−0.064%	$25.1M	$4.5M	75x	as long as short
GRVT XAG_USDT_Perp	+0.0100%	4h	64.907	−0.007%	$390K	$1.6M	25x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	64.870	−0.064%	$111K	$19K	50x	as long as short
Phoenix SILVER	+0.0111%	1h	64.892	−0.030%	$55K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0136%	1h	64.881	−0.047%	$173.8M	$86.9M	25x	as long as short
Nado XAG-PERP	+0.0156%	1h	64.934	+0.034%	$1.2M	$4.2M	10x	as long as short
RISEx XAG/USDClong	+0.0158%	1h	64.912	long leg	$1.2M	$4.9M	20x
Bitget XAGUSDT	+0.0190%	4h	64.920	+0.013%	$23.3M	$46.2M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0193%	8h	64.970	+0.090%	$28.6M	$73.0M	50x	as long as short
Bybit XAGUSDT	+0.0202%	4h	64.990	+0.121%	$29.1M	$42.4M	150x	as long as short
BloFin XAG-USDT	+0.0205%	4h	64.960	+0.075%	$2.7M	$646K	100x	as long as short
Aftermath Perps XAGUSD	+0.0219%	1h	64.894	−0.027%	$78K	$37K	10x	as long as short
Lighter XAG	+0.0224%	1h	64.920	+0.013%	$5.3M	$11.0M	25x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0237% / S −0.0196%	1h	64.935	+0.036%	$92K	—	111x	as long as short
Bullet SILVER-USD	+0.0300%	1h	64.928	+0.025%	$45K	$75K	10x	as long as short
Hibachi XAG/USDT-P	+0.0344%	1h	64.860	−0.079%	$20K	$15K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0367%	1h	64.920	+0.013%	$76K	$430K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0420%	1h	64.911	0.000%	$1.0M	$872K	25x	as long as short