Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0086%/8h= +9.4% APRpaid last 24h +0.034%

Price spread now: Coinbase International against Aster−0.040%7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$3as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$240.240% of the position

Long on Aster Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.207%+$21 on $10k

Price spread, last 3 days (all we have)+0.058%+$6 · spread now −0.040%, 7d avg −0.029%

Together, before fees+0.264%+ Points / potential airdropAster: Stage 5 · farm board+$26 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.029%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XAGUSDT	66.557	0.0098	pay 0.0049% / 4h	3h 01m	$2.8M	$1.0M	100x
Short	Coinbase International SILVER-PERP-INTX	66.530	0.0184	get 0.0023% / 1h	1m 15s	$1.9M	$935K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Aster. 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 AsterbpFee Coinbase InternationalbpOrdersPrice spread, now −0.040%Rate

Funding earned: $18.12
Price spread: −0.040% → −0.029%: −$1.12
Slippage, 4 orders: −$6.01
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$7.01
Costs to cover: 0.240%
Break-even: 9.7 days

Slippage from Aster: live order book, 2 min ago; Coinbase International: live order book, 2 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 Aster live order book, 2 min ago	0.75 bp	4.8 bp −$5	6.4 bp −$64	15.7 bp −$1,569	doesn't fit
Sell Coinbase International live order book, 2 min ago	2.26 bp	7.3 bp −$7	8.5 bp −$85	doesn't fit	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	66.529	−0.041%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.560	+0.005%	$25.6M	$35.7M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.560	+0.005%	$155.5M	$169.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.560	+0.005%	$2K	$2.9M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.590	+0.050%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.550	−0.010%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.489	−0.102%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.521	−0.053%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.483	−0.110%	$5.4M	$12.4M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.236%	$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	66.590	+0.050%	$801K	$2.8M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.989	+0.649%	—	—	25x	as long as short
Hotstuff SILVER-PERP	+0.0048%	1h	66.514	−0.064%	$35K	$21K	20x	as long as short
Phoenix SILVER	+0.0048%	1h	66.507	−0.075%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.522	−0.052%	$3.9M	$700K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.475	−0.123%	$3K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.450	−0.161%	$5.7M	$9.5M	25x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.540	−0.025%	$115K	$2.8M	20x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.519	−0.057%	$566K	$21.7M	8.1x	as long as short
tradeXYZ xyz:SILVER	+0.0070%	1h	66.513	−0.066%	$165.8M	$84.7M	25x	as long as short
Aster XAGUSDTlong	+0.0098%	4h	66.557	long leg	$2.8M	$1.0M	100x
Pacifica XAG	+0.0100%	1h	66.504	−0.079%	$474K	$619K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.520	−0.055%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.530	−0.040%	$127K	$24K	50x	as long as short
Variational Omni XAG	+0.0108%	4h	66.543	−0.020%	$5.6M	$9.8M	—	as long as short
Paradex XAG-USD-PERP	+0.0112%	8h	66.546	−0.017%	$30K	$1K	5x	as long as short
MEXC SILVER_USDT	+0.0120%	4h	66.550	−0.010%	$108.8M	$161.4M	1000x	as long as short
Aevo XAG-PERP	+0.0120%	1h	66.541	−0.024%	$48K	—	10x	as long as short
BloFin XAG-USDT	+0.0122%	4h	66.590	+0.050%	$2.6M	$683K	100x	as long as short
Binance XAGUSDT	+0.0122%	4h	66.545	−0.018%	$193.5M	$716.8M	100x	as long as short
edgeX XAGUSDC	+0.0123%	4h	66.552	−0.007%	$675K	$315K	30x	as long as short
Lighter XAG	+0.0128%	1h	66.528	−0.043%	$5.4M	$10.6M	25x	as long as short
RISEx XAG/USDC	+0.0148%	1h	66.556	−0.001%	$1.3M	$4.2M	20x	as long as short
Coinbase International SILVER-PERP-INTXshort	+0.0184%	1h	66.530	−0.040%	$1.9M	$935K	20x
Nado XAG-PERP	+0.0187%	1h	66.506	−0.077%	$1.3M	$6.5M	10x	as long as short
GRVT XAG_USDT_Perp	+0.0190%	4h	66.559	+0.003%	$402K	$1.5M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0195%	8h	66.550	−0.010%	$28.0M	$66.8M	50x	as long as short
Bitget XAGUSDT	+0.0196%	4h	66.540	−0.025%	$24.6M	$47.5M	100x	as long as short
Aftermath Perps XAGUSD	+0.0208%	1h	66.536	−0.031%	$80K	$39K	10x	as long as short
Bullet SILVER-USD	+0.0250%	1h	66.564	+0.010%	$45K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0288%	1h	66.531	−0.039%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.555	−0.003%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0352%	1h	66.530	−0.040%	$50K	$336K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0488%	1h	66.520	−0.055%	$765K	$564K	25x	as long as short