Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0245%/8h= +26.8% APRpaid last 24h +0.061%

Price spread now: Deribit against Aster−0.015%55s7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$230.225% of the position

Long on Aster Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.089%+$9 on $10k

Price spread, last 3 days (all we have)+0.106%+$11 · spread now −0.015%, 7d avg −0.008%

Together, before fees+0.194%+ Points / potential airdropAster: Stage 5 · farm board+$19 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.008%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate. The two prices were read 55 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	Aster XAGUSDT	66.040	0.0111	pay 0.0056% / 4h	3h 31m	$2.8M	$1.2M	100x
Short	Deribit SILVER_USDC-PERPETUAL	66.030	0.0356	get 0.0045% / 1h	31m 20s	$88K	$501K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.015%Rate

Funding earned: $51.45
Price spread: −0.015% → −0.008%: −$0.72
Slippage, 4 orders: −$7.52
Fee Aster: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $28.21
Costs to cover: 0.225%
Break-even: 3.2 days

Slippage from Aster: live order book, 3 min ago; Deribit: live order book, 18 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, 3 min ago	0.76 bp	4.8 bp −$5	6.5 bp −$65	15.7 bp −$1,572	doesn't fit
Sell Deribit live order book, 18 min ago	0.76 bp	4.3 bp −$4	5.4 bp −$54	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	65.984	−0.085%	$15K	$997	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.070	+0.045%	$132.8M	$192.7M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.060	+0.030%	$2K	$3.5M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.070	+0.045%	$1.0M	$1.2M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.090	+0.076%	$1.5M	$259K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.993	−0.072%	$119K	—	25x	as long as short
Ondo Perps XAG-USD.P	+0.0004%	1h	65.940	−0.151%	$6.2M	$9.0M	25x	as long as short
Hotstuff SILVER-PERP	+0.0016%	1h	66.013	−0.041%	$35K	$21K	20x	as long as short
Lighter RH XAG	+0.0032%	1h	66.043	+0.004%	$4.6M	$9.6M	25x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.545%	$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	65.980	−0.091%	$698K	$2.8M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.495	+0.689%	—	—	25x	as long as short
Kalshi KXSILVERPERP	+0.0047%	24h	66.016	−0.036%	$687K	$21.6M	8.1x	as long as short
Phoenix SILVER	+0.0048%	1h	65.979	−0.092%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.026	−0.021%	$3.9M	$740K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.991	−0.074%	$4K	$5K	20x	as long as short
QFEX SILVER-USD	+0.0053%	1h	66.060	+0.030%	$144K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0076%	1h	66.022	−0.027%	$161.6M	$95.8M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.006	−0.051%	$472K	$671K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.030	−0.015%	$24.1M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.990	−0.076%	$112K	$88K	50x	as long as short
Aster XAGUSDTlong	+0.0111%	4h	66.040	long leg	$2.8M	$1.2M	100x
Paradex XAG-USD-PERP	+0.0114%	8h	66.052	+0.018%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0144%	4h	66.066	+0.039%	$5.5M	$12.6M	—	as long as short
Aevo XAG-PERP	+0.0152%	1h	66.067	+0.041%	$47K	—	10x	as long as short
MEXC SILVER_USDT	+0.0156%	4h	66.060	+0.030%	$119.2M	$190.1M	1000x	as long as short
Binance XAGUSDT	+0.0160%	4h	66.060	+0.030%	$190.9M	$791.6M	100x	as long as short
BloFin XAG-USDT	+0.0161%	4h	66.070	+0.045%	$2.6M	$1.4M	100x	as long as short
RISEx XAG/USDC	+0.0162%	1h	66.064	+0.036%	$1.4M	$4.3M	20x	as long as short
Extended XAG-USD	+0.0168%	1h	65.987	−0.080%	$5.2M	$15.2M	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0168%	1h	66.040	0.000%	$1.9M	$1.2M	20x	as long as short
edgeX XAGUSDC	+0.0170%	4h	66.045	+0.008%	$668K	$315K	30x	as long as short
Lighter XAG	+0.0192%	1h	66.048	+0.012%	$5.4M	$10.9M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0194%	8h	66.050	+0.015%	$27.5M	$68.1M	50x	as long as short
Aftermath Perps XAGUSD	+0.0195%	1h	66.016	−0.036%	$79K	$40K	10x	as long as short
Bullet SILVER-USD	+0.0254%	1h	66.062	+0.033%	$44K	$76K	10x	as long as short
Nado XAG-PERP	+0.0255%	1h	65.995	−0.068%	$1.3M	$6.5M	10x	as long as short
Bybit XAGUSDT	+0.0291%	4h	66.080	+0.061%	$25.1M	$37.7M	150x	as long as short
Bitget XAGUSDT	+0.0292%	4h	66.070	+0.045%	$23.1M	$51.2M	100x	as long as short
Hibachi XAG/USDT-P	+0.0296%	1h	66.020	−0.030%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0309% / S −0.0312%	1h	66.065	+0.038%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUALshort	+0.0356%	1h	66.030	−0.015%	$88K	$501K	20x
GRVT XAG_USDT_Perp	+0.0366%	4h	66.062	+0.034%	$400K	$1.8M	25x	as long as short
Kraken Futures PF_XAGUSD	+0.0402%	1h	66.029	−0.017%	$777K	$650K	25x	as long as short