Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0072%/8h= −7.8% APRpaid last 24h +0.003%

Price spread now: Extended against Aster−0.093%7-day average −0.068% · you buy dearer than you sell

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$150.152% of the position

Long on Aster Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.063%+$6 on $10k

Price spread, last 7 days+0.060%+$6 · spread now −0.093%, 7d avg −0.068%

Together, before fees+0.123%+ Points / potential airdropAster: Stage 5 · Extended: Active · farm board+$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Extended is 0.025% cheaper against Aster than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.068%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.063%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XAGUSDT	66.841	0.0104	pay 0.0052% / 4h	3h 49m	$2.8M	$1.1M	100x
Short	Extended XAG-USD	66.778	0.0032	get 0.0004% / 1h	49m 19s	$5.4M	$13.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.093%Rate

Funding earned: −$15.04
Price spread: −0.093% → −0.068%: −$2.54
Slippage, 4 orders: −$2.25
Fee Aster: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$32.83
Costs to cover: 0.152%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; Extended: live order book, 5 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, 4 min ago	0.75 bp	4.7 bp −$5	6.6 bp −$66	17.1 bp −$1,708	doesn't fit
Sell Extended live order book, 5 min ago	0.08 bp	2.9 bp −$3	5.5 bp −$55	12.2 bp −$1,225	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	66.797	−0.065%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.840	−0.001%	$26.1M	$35.3M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.830	−0.016%	$155.6M	$165.7M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.840	−0.001%	$2K	$3.0M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.870	+0.044%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.840	−0.001%	$1.5M	$252K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.774	−0.099%	$121K	—	250x	as long as short
Hotstuff SILVER-PERP	+0.0016%	1h	66.827	−0.020%	$36K	$21K	20x	as long as short
Lighter RH XAG	+0.0032%	1h	66.818	−0.034%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USDshort	+0.0032%	1h	66.778	−0.093%	$5.4M	$13.2M	10x

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.659%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.760	−0.121%	$803K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	67.282	+0.660%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.759	−0.122%	$57K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.793	−0.071%	$166.3M	$86.0M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.808	−0.049%	$3.9M	$700K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.779	−0.092%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.750	−0.136%	$5.7M	$9.8M	25x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.840	−0.001%	$115K	$2.8M	20x	as long as short
Kalshi KXSILVERPERP	+0.0060%	24h	66.790	−0.076%	$570K	$21.9M	8.1x	as long as short
Lighter XAG	+0.0080%	1h	66.820	−0.031%	$5.4M	$10.4M	25x	as long as short
Paradex XAG-USD-PERP	+0.0090%	8h	66.853	+0.019%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0091%	4h	66.775	−0.099%	$5.7M	$9.9M	—	as long as short
Pacifica XAG	+0.0100%	1h	66.809	−0.048%	$476K	$629K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.830	−0.016%	$24.7M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.750	−0.136%	$127K	$26K	50x	as long as short
Aster XAGUSDTlong	+0.0104%	4h	66.841	long leg	$2.8M	$1.1M	100x
Aevo XAG-PERP	+0.0104%	1h	66.803	−0.056%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0106%	4h	66.830	−0.016%	$116.4M	$155.6M	1000x	as long as short
Binance XAGUSDT	+0.0107%	4h	66.839	−0.002%	$192.4M	$725.9M	100x	as long as short
edgeX XAGUSDC	+0.0115%	4h	66.802	−0.058%	$678K	$314K	30x	as long as short
Nado XAG-PERP	+0.0128%	1h	66.819	−0.033%	$1.3M	$6.5M	10x	as long as short
RISEx XAG/USDC	+0.0148%	1h	66.861	+0.031%	$1.3M	$4.2M	20x	as long as short
BloFin XAG-USDT	+0.0164%	4h	66.830	−0.016%	$2.6M	$692K	100x	as long as short
Bitget XAGUSDT	+0.0166%	4h	66.840	−0.001%	$24.8M	$48.7M	100x	as long as short
Aftermath Perps XAGUSD	+0.0175%	1h	66.754	−0.130%	$80K	$40K	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.780	−0.091%	$1.9M	$967K	20x	as long as short
Bullet SILVER-USD	+0.0187%	1h	66.846	+0.008%	$45K	$76K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0190%	8h	66.840	−0.001%	$28.2M	$67.6M	50x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0199%	1h	66.820	−0.031%	$51K	$344K	20x	as long as short
Hibachi XAG/USDT-P	+0.0232%	1h	66.779	−0.092%	$20K	$22K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0274%	4h	66.790	−0.076%	$397K	$1.5M	25x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.825	−0.023%	$104K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0486%	1h	66.812	−0.043%	$767K	$589K	25x	as long as short