Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0123%/8h= +13.4% APRpaid last 24h +0.014%

Price spread now: BloFin against tradeXYZ+0.024%108s7-day average +0.071% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$320.323% of the position

Long on tradeXYZ Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.282%−$28 on $10k

Price spread, last 4 days (all we have)+0.193%+$19 · spread now +0.024%, 7d avg +0.071%

Together, before fees−0.089%+ Points / potential airdroptradeXYZ: Active · farm board−$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.047% cheaper against tradeXYZ than usual: you would sell low and buy high (spread +0.024% now, against its 7-day average of +0.071%). If the spread goes back, that is −$5 on $10k: about 31 hours of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.282%, so the current rate has only just turned in your favour. The two prices were read 108 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	tradeXYZ xyz:SILVER	66.164	0.0110	pay 0.0014% / 1h	59m 29s	$165.5M	$73.9M	25x
Short	BloFin XAG-USDT	66.180	0.0233	get 0.0116% / 4h	59m 29s	$2.6M	$551K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against tradeXYZ. 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 tradeXYZbpFee BloFinbpOrdersPrice spread, now +0.024%Rate

Funding earned: $25.76
Price spread: +0.024% → +0.071%: −$4.73
Slippage, 4 orders: −$2.31
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$11.28
Costs to cover: 0.323%
Break-even: 10.1 days

Slippage from tradeXYZ: live order book, 10 min ago; BloFin: 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 tradeXYZ live order book, 10 min ago	0.08 bp	9.5 bp −$9	10.0 bp −$100	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	0.76 bp	6.8 bp −$7	7.6 bp −$76	10.2 bp −$1,015	16.3 bp −$8,130

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	66.087	−0.116%	$15K	—	5x	as long as short
Hotstuff SILVER-PERP	0.0000%	1h	66.161	−0.005%	$35K	$21K	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.220	+0.085%	$150.0M	$162.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.190	+0.039%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.190	+0.039%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.210	+0.070%	$1.5M	$256K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.106	−0.087%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.188	+0.037%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.133	−0.047%	$5.2M	$11.9M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.357%	$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	66.180	+0.024%	$796K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.627	+0.700%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.164	0.000%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.111	−0.080%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.050	−0.172%	$5.7M	$9.6M	25x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.200	+0.054%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0066%	24h	66.153	−0.017%	$546K	$24.8M	8.1x	as long as short
Phoenix SILVER	+0.0084%	1h	66.131	−0.050%	$56K	$25K	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.148	−0.024%	$471K	$615K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.160	−0.006%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.130	−0.051%	$113K	$30K	50x	as long as short
tradeXYZ xyz:SILVERlong	+0.0110%	1h	66.164	long leg	$165.5M	$73.9M	25x
Aster XAGUSDT	+0.0126%	4h	66.200	+0.054%	$2.7M	$876K	100x	as long as short
Paradex XAG-USD-PERP	+0.0131%	8h	66.198	+0.052%	$30K	$1K	5x	as long as short
RISEx XAG/USDC	+0.0137%	1h	66.220	+0.084%	$1.3M	$4.4M	20x	as long as short
Bybit XAGUSDT	+0.0138%	4h	66.220	+0.085%	$26.9M	$36.0M	150x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.167	+0.005%	$48K	—	10x	as long as short
Variational Omni XAG	+0.0181%	4h	66.181	+0.026%	$5.6M	$9.8M	—	as long as short
Lighter XAG	+0.0184%	1h	66.194	+0.046%	$5.2M	$10.4M	25x	as long as short
MEXC SILVER_USDT	+0.0192%	4h	66.200	+0.054%	$107.8M	$151.9M	1000x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.180	+0.024%	$1.8M	$1.0M	20x	as long as short
Binance XAGUSDT	+0.0194%	4h	66.208	+0.066%	$192.3M	$704.1M	100x	as long as short
edgeX XAGUSDC	+0.0203%	4h	66.161	−0.004%	$671K	$315K	30x	as long as short
Nado XAG-PERP	+0.0207%	1h	66.148	−0.025%	$1.3M	$6.5M	10x	as long as short
OKX XAG-USDT-SWAP	+0.0217%	8h	66.200	+0.054%	$27.7M	$65.8M	50x	as long as short
Aftermath Perps XAGUSD	+0.0229%	1h	66.154	−0.016%	$80K	$37K	10x	as long as short
BloFin XAG-USDTshort	+0.0233%	4h	66.180	+0.024%	$2.6M	$551K	100x
Bitget XAGUSDT	+0.0240%	4h	66.200	+0.054%	$23.8M	$45.6M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0258%	4h	66.190	+0.039%	$397K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0274%	1h	66.179	+0.023%	$45K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0296%	1h	66.130	−0.051%	$20K	$19K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0355%	1h	66.160	−0.006%	$63K	$337K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0363% / S −0.0391%	1h	66.185	+0.032%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0550%	1h	66.147	−0.025%	$913K	$674K	25x	as long as short