Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.014%

Price spread now: Bybit against Aevo−0.010%59s7-day average — · you buy dearer than you sell

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

Long on Aevo Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 5 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 59 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	Aevo XAG-PERP	66.407	0.0168	pay 0.0021% / 1h	16m 29s	$48K	—	10x
Short	Bybit XAGUSDT	66.400	0.0128	get 0.0064% / 4h	2h 16m	$26.6M	$36.4M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Aevo. 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 AevobpFee BybitbpOrdersPrice spread, now −0.010%Rate

Funding earned: −$8.4
Price spread: −0.010% → 0.000%: −$1
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$36.4
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Bybit: live order book, 2 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 Aevo no order-book sample	—	—	—	—	—
Sell Bybit live order book, 2 min ago	0.75 bp	6.9 bp −$7	8.7 bp −$87	15.2 bp −$1,516	55.4 bp −$27.7K

Aevo: 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 43 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	66.363	−0.066%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.410	+0.005%	$153.1M	$164.3M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.430	+0.035%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.450	+0.065%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.440	+0.050%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.319	−0.133%	$120K	—	250x	as long as short
Hotstuff SILVER-PERP	+0.0024%	1h	66.375	−0.048%	$35K	$21K	20x	as long as short
Lighter RH XAG	+0.0032%	1h	66.397	−0.015%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.340	−0.100%	$5.4M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.010%	$11K	$94K	52x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	66.390	−0.025%	$799K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.846	+0.662%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.402	−0.007%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.378	−0.043%	$3.9M	$669K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.339	−0.102%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.300	−0.161%	$5.7M	$9.6M	25x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.380	−0.040%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0062%	24h	66.362	−0.067%	$542K	$23.7M	8.1x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.412	+0.009%	$1.2M	$4.4M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0099%	1h	66.368	−0.058%	$166.0M	$76.1M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.354	−0.079%	$472K	$606K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.380	−0.040%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.380	−0.040%	$126K	$23K	50x	as long as short
Bybit XAGUSDTshort	+0.0128%	4h	66.400	−0.010%	$26.6M	$36.4M	150x
Aster XAGUSDT	+0.0132%	4h	66.409	+0.003%	$2.8M	$939K	100x	as long as short
Paradex XAG-USD-PERP	+0.0136%	8h	66.403	−0.005%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0159%	4h	66.443	+0.054%	$5.5M	$9.8M	—	as long as short
Aevo XAG-PERPlong	+0.0168%	1h	66.407	long leg	$48K	—	10x
MEXC SILVER_USDT	+0.0176%	4h	66.400	−0.010%	$102.8M	$158.5M	1000x	as long as short
Binance XAGUSDT	+0.0179%	4h	66.390	−0.025%	$192.3M	$706.4M	100x	as long as short
edgeX XAGUSDC	+0.0184%	4h	66.421	+0.022%	$674K	$315K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.410	+0.005%	$1.9M	$971K	20x	as long as short
Lighter XAG	+0.0192%	1h	66.402	−0.007%	$5.3M	$10.6M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0210%	8h	66.370	−0.055%	$28.0M	$65.7M	50x	as long as short
Nado XAG-PERP	+0.0223%	1h	66.355	−0.078%	$1.3M	$6.5M	10x	as long as short
Hibachi XAG/USDT-P	+0.0224%	1h	66.365	−0.063%	$20K	$22K	10x	as long as short
Aftermath Perps XAGUSD	+0.0233%	1h	66.381	−0.038%	$80K	$38K	10x	as long as short
Bitget XAGUSDT	+0.0248%	4h	66.410	+0.005%	$23.9M	$46.0M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0266%	4h	66.450	+0.065%	$395K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0287%	1h	66.408	+0.002%	$46K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.435	+0.043%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0353%	1h	66.390	−0.025%	$50K	$325K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0462%	1h	66.370	−0.055%	$765K	$478K	25x	as long as short