Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0075%/8h= +8.2% APRpaid last 24h +0.011%

Price spread now: Bybit against Vest−0.601%7-day average — · you buy dearer than you sell

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

Long on Vest 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—+ Points / potential airdropVest: Active · farm boardneeds both histories

Funding pays, the price is against you. Bybit is 0.601% cheaper against Vest than usual: you would sell low and buy high (spread −0.601% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$60 on $10k: about 27 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest SI-PERP	66.389	0.0046	pay 0.0006% / 1h	41m 02s	—	—	25x
Short	Bybit XAGUSDT	65.990	0.0121	get 0.0060% / 4h	3h 41m	$27.4M	$36.5M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Vest. 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 VestbpFee BybitbpOrdersPrice spread, now −0.601%Rate

Funding earned: $15.81
Price spread: −0.601% → 0.000%: −$60.1
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$57.29
Costs to cover: 0.130%
Break-even: 32.4 days

Slippage unknown: Vest: no order-book sample; Bybit: live order book, 3 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 Vest no order-book sample	—	—	—	—	—
Sell Bybit live order book, 3 min ago	0.76 bp	6.3 bp −$6	8.6 bp −$86	16.4 bp −$1,635	56.4 bp −$28.2K

Vest: 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	65.830	−0.842%	$5.7M	$9.3M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.934	−0.686%	$14K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	65.980	−0.616%	$149.5M	$163.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.970	−0.631%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.020	−0.556%	$1.0M	$966K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.980	−0.616%	$1.5M	$320K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.914	−0.716%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.956	−0.652%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.910	−0.722%	$5.1M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.017%	$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	−0.631%	$793K	$3.1M	40x	as long as short
Vest SI-PERPlong	+0.0046%	1h	66.389	long leg	—	—	25x
Hotstuff SILVER-PERP	+0.0048%	1h	65.922	−0.703%	$35K	$21K	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.940	−0.676%	$3.9M	$674K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.909	−0.723%	$3K	$6K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0051%	1h	65.927	−0.696%	$165.9M	$73.6M	25x	as long as short
QFEX SILVER-USD	+0.0060%	1h	65.950	−0.661%	$114K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0072%	24h	65.930	−0.691%	$539K	$25.9M	8.1x	as long as short
Phoenix SILVER	+0.0073%	1h	65.889	−0.753%	$56K	$26K	25x	as long as short
RISEx XAG/USDC	+0.0080%	1h	65.970	−0.631%	$1.3M	$4.9M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.894	−0.746%	$469K	$614K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.930	−0.691%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.920	−0.706%	$113K	$30K	50x	as long as short
Lighter XAG	+0.0112%	1h	65.958	−0.649%	$5.2M	$10.6M	25x	as long as short
Paradex XAG-USD-PERP	+0.0119%	8h	65.951	−0.659%	$30K	$1K	5x	as long as short
Bybit XAGUSDTshort	+0.0121%	4h	65.990	−0.601%	$27.4M	$36.5M	150x
Aster XAGUSDT	+0.0138%	4h	65.970	−0.631%	$2.7M	$871K	100x	as long as short
Nado XAG-PERP	+0.0180%	1h	65.919	−0.708%	$1.4M	$6.0M	10x	as long as short
Aevo XAG-PERP	+0.0184%	1h	65.960	−0.647%	$47K	—	10x	as long as short
Variational Omni XAG	+0.0188%	4h	65.963	−0.641%	$5.6M	$9.4M	—	as long as short
MEXC SILVER_USDT	+0.0202%	4h	65.960	−0.646%	$112.8M	$152.1M	1000x	as long as short
Binance XAGUSDT	+0.0203%	4h	65.970	−0.631%	$191.0M	$702.5M	100x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0205%	1h	65.950	−0.661%	$75K	$363K	20x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	65.950	−0.661%	$1.8M	$1.0M	20x	as long as short
Aftermath Perps XAGUSD	+0.0217%	1h	65.937	−0.680%	$79K	$36K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0218%	4h	66.022	−0.553%	$394K	$1.5M	25x	as long as short
edgeX XAGUSDC	+0.0219%	4h	65.962	−0.644%	$669K	$310K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0234%	8h	65.970	−0.631%	$27.7M	$64.8M	50x	as long as short
Bullet SILVER-USD	+0.0235%	1h	65.974	−0.624%	$45K	$76K	10x	as long as short
BloFin XAG-USDT	+0.0238%	4h	65.960	−0.646%	$2.6M	$556K	100x	as long as short
Bitget XAGUSDT	+0.0244%	4h	65.970	−0.631%	$23.9M	$45.3M	100x	as long as short
Hibachi XAG/USDT-P	+0.0336%	1h	65.912	−0.719%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0387% / S −0.0440%	1h	65.975	−0.624%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0625%	1h	65.935	−0.684%	$910K	$683K	25x	as long as short