Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0122%/8h= +13.4% APRpaid last 24h +0.049%

Price spread now: Bitget against SoDEX+0.130%49s7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Bitget is 0.130% dearer against SoDEX than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX SILVER-USD	66.404	0.0050	pay 0.0006% / 1h	23m 34s	$4K	$5K	20x
Short	Bitget XAGUSDT	66.490	0.0172	get 0.0086% / 4h	3h 23m	$24.5M	$47.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against SoDEX. 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 SoDEXbpFee BitgetbpOrdersPrice spread, now +0.130%Rate

Funding earned: $25.62
Price spread: +0.130% → 0.000%: $12.95
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: $18.57
Costs to cover: 0.200%
Break-even: 1.9 days

Slippage unknown: SoDEX: no order-book sample; Bitget: live order book, 5 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 SoDEX no order-book sample	—	—	—	—	—
Sell Bitget live order book, 5 min ago	0.75 bp	8.2 bp −$8	10.3 bp −$103	16.5 bp −$1,646	30.6 bp −$15.3K

SoDEX: 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
dYdX XAG-USD	0.0000%	1h	66.422	+0.027%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.500	+0.145%	$25.7M	$35.6M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.480	+0.114%	$154.8M	$168.2M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.480	+0.114%	$2K	$3.0M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.510	+0.160%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.510	+0.160%	$1.5M	$252K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.450	+0.069%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.432	+0.043%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.398	−0.008%	$5.4M	$12.4M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.006%	$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
StandX XAG-USD	+0.0040%	1h	66.520	+0.175%	$800K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.918	+0.774%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.473	+0.104%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.453	+0.074%	$3.9M	$700K	20x	as long as short
SoDEX SILVER-USDlong	+0.0050%	1h	66.404	long leg	$4K	$5K	20x
Ondo Perps XAG-USD.P	+0.0050%	1h	66.350	−0.081%	$5.7M	$9.6M	25x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.460	+0.084%	$115K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0053%	1h	66.479	+0.113%	$165.4M	$84.8M	25x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.443	+0.059%	$561K	$21.5M	8.1x	as long as short
Hotstuff SILVER-PERP	+0.0064%	1h	66.419	+0.023%	$35K	$21K	20x	as long as short
BloFin XAG-USDT	+0.0081%	4h	66.550	+0.220%	$2.6M	$706K	100x	as long as short
Aster XAGUSDT	+0.0085%	4h	66.456	+0.078%	$2.8M	$1.1M	100x	as long as short
Variational Omni XAG	+0.0089%	4h	66.514	+0.166%	$5.6M	$9.9M	—	as long as short
Paradex XAG-USD-PERP	+0.0098%	8h	66.445	+0.062%	$30K	$1K	5x	as long as short
Pacifica XAG	+0.0100%	1h	66.407	+0.005%	$474K	$623K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.430	+0.039%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.480	+0.114%	$126K	$24K	50x	as long as short
Binance XAGUSDT	+0.0100%	4h	66.475	+0.106%	$192.4M	$722.4M	100x	as long as short
MEXC SILVER_USDT	+0.0102%	4h	66.490	+0.130%	$108.6M	$160.3M	1000x	as long as short
Aevo XAG-PERP	+0.0104%	1h	66.469	+0.098%	$48K	—	10x	as long as short
edgeX XAGUSDC	+0.0112%	4h	66.508	+0.157%	$675K	$314K	30x	as long as short
Lighter XAG	+0.0120%	1h	66.440	+0.054%	$5.4M	$10.5M	25x	as long as short
GRVT XAG_USDT_Perp	+0.0138%	4h	66.523	+0.179%	$391K	$1.5M	25x	as long as short
RISEx XAG/USDC	+0.0148%	1h	66.464	+0.091%	$1.2M	$4.2M	20x	as long as short
Nado XAG-PERP	+0.0169%	1h	66.416	+0.018%	$1.3M	$6.5M	10x	as long as short
Bitget XAGUSDTshort	+0.0172%	4h	66.490	+0.130%	$24.5M	$47.9M	100x
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.580	+0.265%	$1.9M	$929K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0191%	8h	66.490	+0.130%	$27.9M	$67.3M	50x	as long as short
Aftermath Perps XAGUSD	+0.0198%	1h	66.468	+0.097%	$80K	$39K	10x	as long as short
Hibachi XAG/USDT-P	+0.0224%	1h	66.480	+0.114%	$20K	$22K	10x	as long as short
Bullet SILVER-USD	+0.0227%	1h	66.517	+0.170%	$45K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.485	+0.122%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0352%	1h	66.470	+0.099%	$50K	$336K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0489%	1h	66.451	+0.071%	$764K	$565K	25x	as long as short