Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against SunX+0.030%7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$890.888% of the position

Long on SunX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.023%−$2 · spread now +0.030%, 7d avg +0.038%

Together, before fees−0.023%−$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XAG-USDT	65.690	0	get 0.0000% / 4h	2h 09m	$2K	$2.6M	20x
Short	HTX XAG-USDT	65.710	0	get 0.0000% / 4h	2h 09m	$1.1M	$1.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.030%Rate

Funding earned: $0
Price spread: +0.030% → +0.038%: −$0.74
Slippage, 4 orders: −$68.76
Fee SunX: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$89.49
Costs to cover: 0.888%
Break-even: never at this rate

Slippage from SunX: live order book, 7 min ago; HTX: live order book, 4 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 SunX live order book, 7 min ago	29.80 bp	33.8 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 4 min ago	4.58 bp	10.6 bp −$11	11.8 bp −$118	14.0 bp −$1,399	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	65.576	−0.174%	$12K	$5K	5x	as long as short
SunX XAG-USDTlong	0.0000%	4h	65.690	long leg	$2K	$2.6M	20x
HTX XAG-USDTshort	0.0000%	4h	65.710	+0.030%	$1.1M	$1.1M	75x
Phemex XAGUSDT	0.0000%	4h	65.690	0.000%	$1.5M	$280K	100x	as long as short
Ondo Perps XAG-USD.P	+0.0001%	1h	65.560	−0.198%	$5.6M	$9.7M	25x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.616	−0.112%	$119K	—	250x	as long as short
RISEx XAG/USDC	+0.0030%	1h	65.662	−0.042%	$1.2M	$4.9M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	65.671	−0.029%	$4.7M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.639	−0.078%	$5.1M	$11.7M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.081%	$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	65.418	−0.414%	$56K	$26K	25x	as long as short
Gate XAG_USDT	+0.0040%	4h	65.710	+0.030%	$145.2M	$179.9M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.570	−0.183%	$789K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.068	+0.575%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.627	−0.096%	$3.9M	$710K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.636	−0.082%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.630	−0.091%	$157K	$2.8M	20x	as long as short
Hotstuff SILVER-PERP	+0.0056%	1h	65.607	−0.126%	$35K	$21K	20x	as long as short
Paradex XAG-USD-PERP	+0.0064%	8h	65.616	−0.113%	$29K	$1K	5x	as long as short
Kalshi KXSILVERPERP	+0.0076%	24h	65.640	−0.076%	$450K	$28.9M	8.1x	as long as short
tradeXYZ xyz:SILVER	+0.0081%	1h	65.659	−0.047%	$171.1M	$82.7M	25x	as long as short
Aster XAGUSDT	+0.0088%	4h	65.680	−0.015%	$2.7M	$944K	100x	as long as short
Pacifica XAG	+0.0100%	1h	65.585	−0.160%	$468K	$626K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.660	−0.046%	$24.7M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.400	−0.441%	$112K	$23K	50x	as long as short
Bybit XAGUSDT	+0.0125%	4h	65.700	+0.015%	$28.9M	$38.9M	150x	as long as short
Variational Omni XAG	+0.0127%	4h	65.584	−0.162%	$5.5M	$9.5M	—	as long as short
Lighter XAG	+0.0128%	1h	65.691	+0.001%	$5.3M	$11.2M	25x	as long as short
Hibachi XAG/USDT-P	+0.0136%	1h	65.476	−0.326%	$20K	$19K	10x	as long as short
Aevo XAG-PERP	+0.0136%	1h	65.678	−0.019%	$47K	—	10x	as long as short
Binance XAGUSDT	+0.0138%	4h	65.690	0.000%	$189.4M	$744.8M	100x	as long as short
MEXC SILVER_USDT	+0.0138%	4h	65.680	−0.015%	$123.8M	$161.7M	1000x	as long as short
Nado XAG-PERP	+0.0155%	1h	65.582	−0.164%	$1.3M	$5.5M	10x	as long as short
edgeX XAGUSDC	+0.0158%	4h	65.443	−0.376%	$666K	$311K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.530	−0.244%	$1.6M	$1.3M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0204%	4h	65.430	−0.396%	$397K	$1.5M	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0207%	1h	65.680	−0.015%	$66K	$368K	20x	as long as short
Aftermath Perps XAGUSD	+0.0208%	1h	65.471	−0.334%	$79K	$37K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0216%	8h	65.700	+0.015%	$28.0M	$70.2M	50x	as long as short
Bitget XAGUSDT	+0.0216%	4h	65.700	+0.015%	$23.8M	$46.3M	100x	as long as short
Bullet SILVER-USD	+0.0245%	1h	65.681	−0.014%	$43K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0366% / S −0.0361%	1h	65.675	−0.023%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0379%	4h	65.610	−0.122%	$2.6M	$622K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0469%	1h	65.657	−0.050%	$916K	$735K	25x	as long as short