Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.012%

Price spread now: SunX against StandX+0.137%7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$900.900% of the position

Long on StandX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.079%−$8 on $10k

Price spread, last 4 days (all we have)−0.073%−$7 · spread now +0.137%, 7d avg +0.033%

Together, before fees−0.152%+ Points / potential airdropStandX: Active · farm board−$15 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.104% dearer against StandX than usual: you sell high and buy low (spread +0.137% now, against its 7-day average of +0.033%): +$10 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX XAG-USD	65.620	0.0040	pay 0.0005% / 1h	9m 02s	$789K	$3.0M	40x
Short	SunX XAG-USDT	65.710	0	get 0.0000% / 4h	2h 09m	$2K	$2.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against StandX. 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 StandXbpFee SunXbpOrdersPrice spread, now +0.137%Rate

Funding earned: −$8.4
Price spread: +0.137% → +0.033%: $10.4
Slippage, 4 orders: −$73.99
Fee StandX: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$87.98
Costs to cover: 0.900%
Break-even: never at this rate

Slippage from StandX: live order book, 5 min ago; SunX: live order book, 8 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 StandX live order book, 5 min ago	2.29 bp	13.0 bp −$13	15.8 bp −$158	40.0 bp −$3,998	doesn't fit
Sell SunX live order book, 8 min ago	29.80 bp	33.8 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	65.642	+0.034%	$12K	$5K	5x	as long as short
SunX XAG-USDTshort	0.0000%	4h	65.710	+0.137%	$2K	$2.6M	20x
HTX XAG-USDT	0.0000%	4h	65.720	+0.152%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.680	+0.091%	$1.5M	$280K	100x	as long as short
Ondo Perps XAG-USD.P	+0.0001%	1h	65.610	−0.015%	$5.6M	$9.7M	25x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.675	+0.083%	$119K	—	250x	as long as short
RISEx XAG/USDC	+0.0030%	1h	65.723	+0.157%	$1.2M	$4.9M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	65.674	+0.083%	$4.7M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.652	+0.049%	$5.1M	$11.7M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.189%	$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	65.648	+0.043%	$56K	$26K	25x	as long as short
StandX XAG-USDlong	+0.0040%	1h	65.620	long leg	$789K	$3.0M	40x
Gate XAG_USDT	+0.0042%	4h	65.700	+0.122%	$144.9M	$180.1M	100x	as long as short
Vest SI-PERP	+0.0046%	1h	66.136	+0.786%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.693	+0.111%	$3.9M	$710K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.647	+0.041%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.690	+0.107%	$157K	$2.8M	20x	as long as short
Hotstuff SILVER-PERP	+0.0056%	1h	65.667	+0.072%	$35K	$21K	20x	as long as short
Hibachi XAG/USDT-P	+0.0056%	1h	65.545	−0.114%	$20K	$19K	10x	as long as short
Paradex XAG-USD-PERP	+0.0064%	8h	65.692	+0.110%	$29K	$1K	5x	as long as short
Kalshi KXSILVERPERP	+0.0076%	24h	65.695	+0.114%	$449K	$28.9M	8.1x	as long as short
tradeXYZ xyz:SILVER	+0.0080%	1h	65.653	+0.050%	$171.1M	$82.2M	25x	as long as short
Aster XAGUSDT	+0.0086%	4h	65.700	+0.122%	$2.7M	$944K	100x	as long as short
Pacifica XAG	+0.0100%	1h	65.635	+0.022%	$469K	$629K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.690	+0.107%	$24.7M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.580	−0.061%	$112K	$23K	50x	as long as short
Bybit XAGUSDT	+0.0121%	4h	65.730	+0.168%	$29.0M	$39.0M	150x	as long as short
Variational Omni XAG	+0.0127%	4h	65.584	−0.056%	$5.5M	$9.5M	—	as long as short
Lighter XAG	+0.0128%	1h	65.684	+0.098%	$5.4M	$11.3M	25x	as long as short
MEXC SILVER_USDT	+0.0136%	4h	65.680	+0.091%	$124.0M	$161.8M	1000x	as long as short
Aevo XAG-PERP	+0.0136%	1h	65.709	+0.135%	$47K	—	10x	as long as short
Binance XAGUSDT	+0.0137%	4h	65.705	+0.130%	$189.5M	$745.4M	100x	as long as short
edgeX XAGUSDC	+0.0147%	4h	65.560	−0.091%	$667K	$312K	30x	as long as short
Nado XAG-PERP	+0.0154%	1h	65.655	+0.053%	$1.3M	$5.5M	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.530	−0.137%	$1.6M	$1.3M	20x	as long as short
Aftermath Perps XAGUSD	+0.0207%	1h	65.502	−0.181%	$79K	$37K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0207%	1h	65.710	+0.137%	$66K	$368K	20x	as long as short
GRVT XAG_USDT_Perp	+0.0208%	4h	65.644	+0.037%	$398K	$1.5M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0215%	8h	65.710	+0.137%	$28.0M	$70.2M	50x	as long as short
Bitget XAGUSDT	+0.0216%	4h	65.710	+0.137%	$23.9M	$46.3M	100x	as long as short
Bullet SILVER-USD	+0.0243%	1h	65.726	+0.161%	$44K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0366% / S −0.0361%	1h	65.725	+0.160%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0377%	4h	65.680	+0.091%	$2.6M	$622K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0469%	1h	65.690	+0.107%	$916K	$735K	25x	as long as short