Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0216%/8h= −23.7% APRpaid last 24h −0.050%

Price spread now: Phemex against Aftermath Perps−0.014%7-day average — · you buy dearer than you sell

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

Long on Aftermath Perps Short on Phemex

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps XAGUSD	65.559	0.0216	pay 0.0027% / 1h	24m 33s	$79K	$37K	10x
Short	Phemex XAGUSDT	65.550	0	get 0.0000% / 4h	2h 24m	$1.5M	$266K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Aftermath Perps. 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 Aftermath PerpsbpFee PhemexbpOrdersPrice spread, now −0.014%Rate

Funding earned: −$45.4
Price spread: −0.014% → 0.000%: −$1.39
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$67.79
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; Phemex: 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Phemex live order book, 3 min ago	1.53 bp	13.4 bp −$13	19.0 bp −$190	doesn't fit	doesn't fit

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	−0.0024%	1h	65.360	−0.304%	$5.6M	$9.4M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.409	−0.229%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.570	+0.017%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.600	+0.062%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDTshort	0.0000%	4h	65.550	−0.014%	$1.5M	$266K	100x
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.524	−0.054%	$118K	—	250x	as long as short
RISEx XAG/USDC	+0.0030%	1h	65.466	−0.142%	$1.3M	$4.9M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	65.473	−0.131%	$4.7M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.413	−0.223%	$5.1M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.283%	$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	65.675	+0.177%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	65.570	+0.017%	$789K	$3.0M	40x	as long as short
Gate XAG_USDT	+0.0042%	4h	65.470	−0.136%	$142.1M	$171.8M	100x	as long as short
Vest SI-PERP	+0.0046%	1h	65.874	+0.480%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.394	−0.252%	$3.9M	$711K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.506	−0.081%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.430	−0.197%	$154K	$2.8M	20x	as long as short
Paradex XAG-USD-PERP	+0.0059%	8h	65.441	−0.181%	$29K	$1K	5x	as long as short
tradeXYZ xyz:SILVER	+0.0061%	1h	65.428	−0.200%	$166.2M	$78.3M	25x	as long as short
Bybit XAGUSDT	+0.0068%	4h	65.440	−0.182%	$28.1M	$39.1M	150x	as long as short
Kalshi KXSILVERPERP	+0.0075%	24h	65.554	−0.008%	$523K	$28.0M	8.1x	as long as short
Aster XAGUSDT	+0.0093%	4h	65.440	−0.182%	$2.7M	$941K	100x	as long as short
Pacifica XAG	+0.0100%	1h	65.413	−0.223%	$466K	$619K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.440	−0.182%	$24.6M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.330	−0.349%	$112K	$30K	50x	as long as short
Lighter XAG	+0.0120%	1h	65.459	−0.153%	$5.3M	$11.1M	25x	as long as short
Variational Omni XAG	+0.0129%	4h	65.384	−0.267%	$5.6M	$9.5M	—	as long as short
Aevo XAG-PERP	+0.0136%	1h	65.570	+0.017%	$47K	—	10x	as long as short
Binance XAGUSDT	+0.0139%	4h	65.445	−0.174%	$190.2M	$731.5M	100x	as long as short
MEXC SILVER_USDT	+0.0140%	4h	65.460	−0.151%	$113.5M	$158.3M	1000x	as long as short
edgeX XAGUSDC	+0.0145%	4h	65.373	−0.283%	$665K	$311K	30x	as long as short
Nado XAG-PERP	+0.0146%	1h	65.420	−0.212%	$1.3M	$5.5M	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.510	−0.075%	$1.7M	$1.4M	20x	as long as short
Hotstuff SILVER-PERP	+0.0184%	1h	65.432	−0.194%	$35K	$21K	20x	as long as short
GRVT XAG_USDT_Perp	+0.0190%	4h	65.406	−0.233%	$386K	$1.5M	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0208%	1h	65.560	+0.001%	$66K	$370K	20x	as long as short
Bitget XAGUSDT	+0.0208%	4h	65.430	−0.197%	$23.2M	$47.7M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0215%	8h	65.430	−0.197%	$27.5M	$69.5M	50x	as long as short
Aftermath Perps XAGUSDlong	+0.0216%	1h	65.559	long leg	$79K	$37K	10x
Bullet SILVER-USD	+0.0229%	1h	65.584	+0.038%	$43K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0336%	1h	65.525	−0.051%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0358% / S −0.0317%	1h	65.585	+0.040%	$87K	—	111x	as long as short
BloFin XAG-USDT	+0.0381%	4h	65.510	−0.075%	$2.6M	$624K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0470%	1h	65.563	+0.005%	$916K	$749K	25x	as long as short