Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0059%/8h= +6.5% APRpaid last 24h +0.010%

Price spread now: Bybit against SoDEX+0.143%56s7-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 Bybit

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 +$2 a day on $10k at the current rate, and Bybit is 0.143% dearer against SoDEX than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 56 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	65.916	0.0050	pay 0.0006% / 1h	39m 28s	$3K	$6K	20x
Short	Bybit XAGUSDT	66.010	0.0109	get 0.0055% / 4h	3h 39m	$27.4M	$36.4M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.143%Rate

Funding earned: $12.43
Price spread: +0.143% → 0.000%: $14.26
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $7.69
Costs to cover: 0.190%
Break-even: 2.7 days

Slippage unknown: SoDEX: no order-book sample; Bybit: live order book, 4 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 Bybit live order book, 4 min ago	0.76 bp	6.3 bp −$6	8.6 bp −$86	16.4 bp −$1,635	56.4 bp −$28.2K

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
Ondo Perps XAG-USD.P	−0.0046%	1h	65.880	−0.055%	$5.7M	$9.3M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.934	+0.027%	$14K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.010	+0.143%	$149.6M	$163.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.980	+0.097%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.010	+0.143%	$1.0M	$966K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.980	+0.097%	$1.5M	$320K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.930	+0.022%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.964	+0.073%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.929	+0.020%	$5.1M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.734%	$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	65.970	+0.082%	$793K	$3.1M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.408	+0.746%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.958	+0.064%	$3.9M	$674K	20x	as long as short
SoDEX SILVER-USDlong	+0.0050%	1h	65.916	long leg	$3K	$6K	20x
tradeXYZ xyz:SILVER	+0.0050%	1h	65.954	+0.058%	$166.0M	$73.5M	25x	as long as short
QFEX SILVER-USD	+0.0060%	1h	65.980	+0.097%	$114K	$2.7M	20x	as long as short
Hotstuff SILVER-PERP	+0.0072%	1h	65.963	+0.071%	$35K	$21K	20x	as long as short
Kalshi KXSILVERPERP	+0.0072%	24h	65.935	+0.029%	$539K	$25.9M	8.1x	as long as short
Phoenix SILVER	+0.0073%	1h	65.889	−0.041%	$56K	$26K	25x	as long as short
RISEx XAG/USDC	+0.0080%	1h	65.992	+0.115%	$1.3M	$4.9M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.924	+0.012%	$469K	$612K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.960	+0.067%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.920	+0.006%	$113K	$30K	50x	as long as short
Bybit XAGUSDTshort	+0.0109%	4h	66.010	+0.143%	$27.4M	$36.4M	150x
Lighter XAG	+0.0112%	1h	65.981	+0.098%	$5.2M	$10.6M	25x	as long as short
Paradex XAG-USD-PERP	+0.0116%	8h	65.986	+0.106%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0137%	4h	65.970	+0.082%	$2.7M	$871K	100x	as long as short
Nado XAG-PERP	+0.0181%	1h	65.953	+0.056%	$1.4M	$6.0M	10x	as long as short
Aevo XAG-PERP	+0.0184%	1h	65.978	+0.094%	$47K	—	10x	as long as short
Variational Omni XAG	+0.0188%	4h	65.963	+0.072%	$5.6M	$9.4M	—	as long as short
Binance XAGUSDT	+0.0202%	4h	65.990	+0.112%	$191.0M	$702.6M	100x	as long as short
MEXC SILVER_USDT	+0.0202%	4h	65.980	+0.097%	$112.8M	$152.1M	1000x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0205%	1h	65.960	+0.067%	$75K	$363K	20x	as long as short
GRVT XAG_USDT_Perp	+0.0206%	4h	65.973	+0.086%	$394K	$1.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	65.950	+0.052%	$1.8M	$1.0M	20x	as long as short
Aftermath Perps XAGUSD	+0.0213%	1h	65.945	+0.044%	$79K	$36K	10x	as long as short
edgeX XAGUSDC	+0.0213%	4h	65.953	+0.056%	$669K	$310K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0233%	8h	66.000	+0.127%	$27.7M	$64.8M	50x	as long as short
Bullet SILVER-USD	+0.0234%	1h	65.996	+0.121%	$45K	$76K	10x	as long as short
BloFin XAG-USDT	+0.0238%	4h	65.960	+0.067%	$2.6M	$556K	100x	as long as short
Bitget XAGUSDT	+0.0242%	4h	65.990	+0.112%	$23.9M	$45.3M	100x	as long as short
Hibachi XAG/USDT-P	+0.0328%	1h	65.930	+0.021%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0387% / S −0.0440%	1h	65.995	+0.120%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0624%	1h	65.940	+0.036%	$910K	$683K	25x	as long as short