Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0023%/8h= −2.5% APRpaid last 24h −0.017%

Price spread now: Lighter RH against Aster−0.023%7-day average −0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$150.150% of the position

Long on Aster Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$2 on $10k

Price spread, last 7 days−0.006%−$1 · spread now −0.023%, 7d avg −0.051%

Together, before fees+0.009%+ Points / potential airdropAster: Stage 5 · Lighter RH: Points live · farm board+$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter RH is 0.028% dearer against Aster than usual: you sell high and buy low (spread −0.023% now, against its 7-day average of −0.051%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XAGUSDT	65.420	0.0055	pay 0.0028% / 4h	1h 51m	$2.7M	$955K	100x
Short	Lighter RH XAG	65.405	0.0032	get 0.0004% / 1h	51m 01s	$4.7M	$9.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.023%Rate

Funding earned: −$4.88
Price spread: −0.023% → −0.051%: $2.79
Slippage, 4 orders: −$7.05
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$17.14
Costs to cover: 0.150%
Break-even: never at this rate

Slippage from Aster: live order book, 2 min ago; Lighter RH: live order book, 3 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	1.53 bp	5.5 bp −$6	6.9 bp −$69	14.0 bp −$1,398	doesn't fit
Sell Lighter RH live order book, 3 min ago	1.40 bp	1.4 bp −$1	2.1 bp −$21	16.4 bp −$1,637	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
Hibachi XAG/USDT-P	−0.0120%	1h	65.433	+0.019%	$20K	$19K	10x	as long as short
Ondo Perps XAG-USD.P	−0.0048%	1h	65.300	−0.183%	$5.6M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.406	−0.021%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.440	+0.031%	$2K	$2.6M	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	0.0000%	1h	65.390	−0.046%	$66K	$370K	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.460	+0.061%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.440	+0.031%	$1.5M	$281K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.386	−0.051%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0026%	4h	65.430	+0.015%	$142.0M	$178.0M	100x	as long as short
Lighter RH XAGshort	+0.0032%	1h	65.405	−0.023%	$4.7M	$9.6M	25x

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XAG-USD	+0.0032%	1h	65.376	−0.067%	$5.1M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.498%	$11K	$94K	52x	as long as short
Hotstuff SILVER-PERP	+0.0040%	1h	65.460	+0.061%	$35K	$21K	20x	as long as short
StandX XAG-USD	+0.0040%	1h	65.500	+0.122%	$788K	$3.0M	40x	as long as short
Bybit XAGUSDT	+0.0045%	4h	65.430	+0.015%	$28.5M	$39.4M	150x	as long as short
Vest SI-PERP	+0.0046%	1h	65.877	+0.699%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0050%	1h	65.430	+0.015%	$152K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.385	−0.054%	$170.5M	$83.1M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.404	−0.024%	$3.9M	$716K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.363	−0.087%	$3K	$6K	20x	as long as short
Aster XAGUSDTlong	+0.0055%	4h	65.420	long leg	$2.7M	$955K	100x
Paradex XAG-USD-PERP	+0.0059%	8h	65.421	+0.002%	$29K	$1K	5x	as long as short
RISEx XAG/USDC	+0.0061%	1h	65.438	+0.028%	$1.2M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0061%	1h	65.561	+0.216%	$56K	$31K	25x	as long as short
Kalshi KXSILVERPERP	+0.0077%	24h	65.416	−0.006%	$499K	$29.4M	8.1x	as long as short
Lighter XAG	+0.0080%	1h	65.416	−0.006%	$5.4M	$11.3M	25x	as long as short
MEXC SILVER_USDT	+0.0096%	4h	65.400	−0.031%	$112.8M	$156.5M	1000x	as long as short
Binance XAGUSDT	+0.0096%	4h	65.419	−0.001%	$188.2M	$755.5M	100x	as long as short
Variational Omni XAG	+0.0096%	4h	65.634	+0.326%	$5.5M	$9.4M	—	as long as short
Pacifica XAG	+0.0100%	1h	65.386	−0.051%	$467K	$629K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.390	−0.046%	$24.6M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.470	+0.076%	$112K	$19K	50x	as long as short
Aevo XAG-PERP	+0.0104%	1h	65.400	−0.030%	$47K	—	10x	as long as short
edgeX XAGUSDC	+0.0108%	4h	65.508	+0.134%	$667K	$313K	30x	as long as short
Nado XAG-PERP	+0.0118%	1h	65.417	−0.004%	$1.2M	$5.5M	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0120%	1h	65.370	−0.076%	$1.6M	$1.3M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0142%	4h	65.500	+0.122%	$394K	$1.6M	25x	as long as short
Bullet SILVER-USD	+0.0156%	1h	65.438	+0.028%	$44K	$76K	10x	as long as short
Bitget XAGUSDT	+0.0194%	4h	65.410	−0.015%	$23.8M	$46.5M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0197%	8h	65.420	0.000%	$27.8M	$70.9M	50x	as long as short
Aftermath Perps XAGUSD	+0.0212%	1h	65.496	+0.116%	$79K	$37K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0321% / S −0.0301%	1h	65.425	+0.008%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0336%	4h	65.460	+0.061%	$2.6M	$617K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0492%	1h	65.380	−0.061%	$916K	$740K	25x	as long as short