Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0186%/8h= +20.4% APRpaid last 24h +0.049%

Price spread now: Aftermath Perps against SunX−0.101%54s7-day average — · you buy dearer than you sell

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

Long on SunX Short on Aftermath Perps

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

Funding pays, the price is against you. Aftermath Perps is 0.101% cheaper against SunX than usual: you would sell low and buy high (spread −0.101% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 43 hours of funding at the current rate (+$6 a day). The two prices were read 54 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	SunX XAG-USDT	66.100	0	get 0.0000% / 4h	3h 18m	$2K	$2.6M	20x
Short	Aftermath Perps XAGUSD	66.033	0.0186	get 0.0023% / 1h	18m 23s	$79K	$36K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against SunX. 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 SunXbpFee Aftermath PerpsbpOrdersPrice spread, now −0.101%Rate

Funding earned: $39.04
Price spread: −0.101% → 0.000%: −$10.1
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $11.94
Costs to cover: 0.170%
Break-even: 4.9 days

Slippage unknown: SunX: live order book, 9 min ago; Aftermath Perps: no order-book sample. 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 SunX live order book, 9 min ago	29.53 bp	33.5 bp −$34	62.7 bp −$627	doesn't fit	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath Perps: 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	−0.0063%	1h	65.950	−0.227%	$5.7M	$9.3M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.989	−0.169%	$14K	$66	5x	as long as short
SunX XAG-USDTlong	0.0000%	4h	66.100	long leg	$2K	$2.6M	20x
HTX XAG-USDT	0.0000%	4h	66.100	0.000%	$1.0M	$949K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.090	−0.015%	$1.5M	$320K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.989	−0.167%	$120K	—	250x	as long as short
Gate XAG_USDT	+0.0004%	4h	66.080	−0.030%	$149.9M	$164.0M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	66.060	−0.061%	$4.7M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.009	−0.138%	$5.2M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.454%	$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	66.090	−0.015%	$795K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.481	+0.576%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.014	−0.130%	$166.3M	$74.0M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.013	−0.132%	$3.9M	$674K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.025	−0.113%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0056%	8h	66.048	−0.078%	$30K	$1K	5x	as long as short
QFEX SILVER-USD	+0.0060%	1h	66.050	−0.076%	$114K	$2.7M	20x	as long as short
Hotstuff SILVER-PERP	+0.0072%	1h	66.049	−0.077%	$35K	$21K	20x	as long as short
Phoenix SILVER	+0.0073%	1h	65.995	−0.159%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0073%	24h	66.054	−0.070%	$518K	$26.1M	8.1x	as long as short
RISEx XAG/USDC	+0.0080%	1h	66.069	−0.047%	$1.3M	$4.9M	20x	as long as short
Pacifica XAG	+0.0100%	1h	66.013	−0.132%	$470K	$605K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.010	−0.136%	$24.4M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.030	−0.106%	$113K	$30K	50x	as long as short
Lighter XAG	+0.0104%	1h	66.061	−0.059%	$5.2M	$10.8M	25x	as long as short
Bybit XAGUSDT	+0.0118%	4h	66.070	−0.045%	$27.8M	$36.6M	150x	as long as short
Aster XAGUSDT	+0.0123%	4h	66.053	−0.072%	$2.7M	$866K	100x	as long as short
Aevo XAG-PERP	+0.0168%	1h	66.073	−0.041%	$47K	—	10x	as long as short
Nado XAG-PERP	+0.0170%	1h	66.023	−0.117%	$1.4M	$5.8M	10x	as long as short
BloFin XAG-USDT	+0.0170%	4h	66.060	−0.061%	$2.6M	$563K	100x	as long as short
Variational Omni XAG	+0.0171%	4h	66.073	−0.040%	$5.7M	$9.5M	—	as long as short
GRVT XAG_USDT_Perp	+0.0178%	4h	66.085	−0.023%	$395K	$1.5M	25x	as long as short
Binance XAGUSDT	+0.0178%	4h	66.057	−0.065%	$190.8M	$701.9M	100x	as long as short
MEXC SILVER_USDT	+0.0180%	4h	66.050	−0.076%	$114.9M	$152.7M	1000x	as long as short
Aftermath Perps XAGUSDshort	+0.0186%	1h	66.033	−0.101%	$79K	$36K	10x
edgeX XAGUSDC	+0.0187%	4h	66.071	−0.044%	$670K	$311K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	66.030	−0.106%	$1.8M	$1.0M	20x	as long as short
OKX XAG-USDT-SWAP	+0.0225%	8h	66.050	−0.076%	$27.7M	$64.6M	50x	as long as short
Bullet SILVER-USD	+0.0226%	1h	66.055	−0.067%	$45K	$75K	10x	as long as short
Bitget XAGUSDT	+0.0226%	4h	66.050	−0.076%	$23.9M	$45.2M	100x	as long as short
Hibachi XAG/USDT-P	+0.0296%	1h	66.042	−0.087%	$20K	$19K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0356%	1h	66.080	−0.030%	$75K	$363K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0388% / S −0.0440%	1h	66.095	−0.008%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0623%	1h	66.056	−0.067%	$912K	$683K	25x	as long as short