Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0094%/8h= +10.2% APRpaid last 24h +0.014%

Price spread now: Lighter against Aster−0.099%7-day average −0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs+$4as in the Funding arb table

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

costs, in and out, $10k−$110.110% of the position

Long on Aster Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.148%+$15 on $10k

Price spread, last 7 days+0.065%+$6 · spread now −0.099%, 7d avg −0.034%

Together, before fees+0.213%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board+$21 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.065% cheaper against Aster than usual: you would sell low and buy high (spread −0.099% now, against its 7-day average of −0.034%). If the spread goes back, that is −$6 on $10k: about 2.3 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XAGUSDT	65.380	0.0042	pay 0.0021% / 4h	58m 31s	$2.7M	$958K	100x
Short	Lighter XAG	65.315	0.0136	get 0.0017% / 1h	58m 31s	$5.3M	$11.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.099%Rate

Funding earned: $19.65
Price spread: −0.099% → −0.034%: −$6.49
Slippage, 4 orders: −$3.03
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: $2.13
Costs to cover: 0.110%
Break-even: 6.2 days

Slippage from Aster: live order book, 5 min ago; Lighter: 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, 5 min ago	0.77 bp	4.8 bp −$5	6.1 bp −$61	15.4 bp −$1,536	doesn't fit
Sell Lighter live order book, 5 min ago	0.63 bp	0.6 bp −$1	0.8 bp −$8	11.1 bp −$1,112	25.2 bp −$12.6K

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	65.293	−0.133%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.400	+0.031%	$27.8M	$39.6M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.340	−0.061%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.370	−0.015%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.340	−0.061%	$1.5M	$281K	100x	as long as short
Ondo Perps XAG-USD.P	+0.0001%	1h	65.270	−0.168%	$5.6M	$9.7M	25x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.281	−0.151%	$118K	—	250x	as long as short
Variational Omni XAG	+0.0030%	4h	65.314	−0.102%	$5.5M	$9.2M	—	as long as short
Lighter RH XAG	+0.0032%	1h	65.325	−0.084%	$4.6M	$9.7M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.274	−0.163%	$5.1M	$11.6M	10x	as long as short

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	+1.560%	$11K	$94K	52x	as long as short
Gate XAG_USDT	+0.0034%	4h	65.370	−0.015%	$141.3M	$176.0M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.330	−0.076%	$786K	$2.9M	40x	as long as short
Aster XAGUSDTlong	+0.0042%	4h	65.380	long leg	$2.7M	$958K	100x
QFEX SILVER-USD	+0.0044%	1h	65.390	+0.015%	$152K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.764	+0.587%	—	—	25x	as long as short
Hotstuff SILVER-PERP	+0.0048%	1h	65.291	−0.136%	$35K	$21K	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.351	−0.044%	$3.8M	$856K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.273	−0.164%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0053%	8h	65.329	−0.079%	$29K	$1K	5x	as long as short
MEXC SILVER_USDT	+0.0054%	4h	65.320	−0.092%	$116.8M	$155.9M	1000x	as long as short
Binance XAGUSDT	+0.0055%	4h	65.377	−0.004%	$191.6M	$763.3M	100x	as long as short
Phoenix SILVER	+0.0061%	1h	65.274	−0.162%	$56K	$30K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0064%	1h	65.276	−0.159%	$170.4M	$83.2M	25x	as long as short
Aevo XAG-PERP	+0.0072%	1h	65.318	−0.094%	$47K	—	10x	as long as short
edgeX XAGUSDC	+0.0075%	4h	65.308	−0.111%	$665K	$314K	30x	as long as short
Kalshi KXSILVERPERP	+0.0079%	24h	65.295	−0.130%	$481K	$31.2M	8.1x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	65.230	−0.229%	$1.6M	$1.4M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.289	−0.139%	$468K	$621K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.280	−0.153%	$25.3M	$5.0M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.260	−0.184%	$112K	$19K	50x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.382	+0.003%	$1.2M	$4.9M	20x	as long as short
Lighter XAGshort	+0.0136%	1h	65.315	−0.099%	$5.3M	$11.1M	25x
GRVT XAG_USDT_Perp	+0.0142%	4h	65.325	−0.085%	$391K	$1.6M	25x	as long as short
Hibachi XAG/USDT-P	+0.0152%	1h	65.288	−0.141%	$20K	$18K	10x	as long as short
Nado XAG-PERP	+0.0167%	1h	65.305	−0.115%	$1.2M	$5.1M	10x	as long as short
Bitget XAGUSDT	+0.0170%	4h	65.380	0.000%	$23.7M	$45.9M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0183%	8h	65.390	+0.015%	$28.1M	$71.0M	50x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.320	−0.092%	$66K	$385K	20x	as long as short
Aftermath Perps XAGUSD	+0.0214%	1h	65.304	−0.116%	$78K	$37K	10x	as long as short
BloFin XAG-USDT	+0.0222%	4h	65.310	−0.107%	$2.6M	$598K	100x	as long as short
Bullet SILVER-USD	+0.0236%	1h	65.346	−0.053%	$44K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.345	−0.054%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0363%	1h	65.299	−0.123%	$1.0M	$878K	25x	as long as short