Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0020%/8h= −2.1% APRpaid last 24h −0.004%

Price spread now: tradeXYZ against Aster−0.084%7-day average −0.076% · you buy dearer than you sell

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$290.292% of the position

Long on Aster Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.087%+$9 on $10k

Price spread, last 7 days+0.025%+$3 · spread now −0.084%, 7d avg −0.076%

Together, before fees+0.112%+ Points / potential airdropAster: Stage 5 · tradeXYZ: Active · farm board+$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.076%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.087%, 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	66.417	0.0097	pay 0.0049% / 4h	2h 59m	$2.8M	$1.0M	100x
Short	tradeXYZ xyz:SILVER	66.361	0.0078	get 0.0010% / 1h	59m 12s	$165.5M	$85.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.084%Rate

Funding earned: −$4.11
Price spread: −0.084% → −0.076%: −$0.76
Slippage, 4 orders: −$3.16
Fee Aster: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$34.03
Costs to cover: 0.292%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; tradeXYZ: live order book, 11 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	4.8 bp −$5	6.4 bp −$64	15.7 bp −$1,569	doesn't fit
Sell tradeXYZ live order book, 11 min ago	0.53 bp	10.0 bp −$10	11.2 bp −$112	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	66.475	+0.089%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.410	−0.010%	$25.5M	$35.8M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.390	−0.040%	$154.3M	$159.2M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.410	−0.010%	$2K	$2.9M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.460	+0.065%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.430	+0.020%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.355	−0.093%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.378	−0.058%	$4.8M	$9.3M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.358	−0.089%	$5.4M	$12.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.025%	$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	66.530	+0.171%	$801K	$2.8M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.901	+0.729%	—	—	25x	as long as short
Hotstuff SILVER-PERP	+0.0048%	1h	66.518	+0.153%	$35K	$21K	20x	as long as short
Phoenix SILVER	+0.0048%	1h	66.507	+0.136%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.429	+0.019%	$3.9M	$700K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.339	−0.117%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.380	−0.055%	$5.7M	$9.5M	25x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.470	+0.080%	$115K	$2.8M	20x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.410	−0.010%	$583K	$22.6M	8.1x	as long as short
tradeXYZ xyz:SILVERshort	+0.0078%	1h	66.361	−0.084%	$165.5M	$85.1M	25x
RISEx XAG/USDC	+0.0079%	1h	66.496	+0.120%	$1.2M	$4.2M	20x	as long as short
Aster XAGUSDTlong	+0.0097%	4h	66.417	long leg	$2.8M	$1.0M	100x
Pacifica XAG	+0.0100%	1h	66.484	+0.102%	$474K	$611K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.410	−0.010%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.530	+0.171%	$127K	$24K	50x	as long as short
Variational Omni XAG	+0.0108%	4h	66.543	+0.191%	$5.6M	$9.8M	—	as long as short
Paradex XAG-USD-PERP	+0.0112%	8h	66.511	+0.143%	$30K	$1K	5x	as long as short
Bullet SILVER-USD	+0.0121%	1h	66.440	+0.035%	$45K	$76K	10x	as long as short
MEXC SILVER_USDT	+0.0122%	4h	66.400	−0.025%	$108.4M	$155.7M	1000x	as long as short
edgeX XAGUSDC	+0.0123%	4h	66.552	+0.204%	$675K	$315K	30x	as long as short
Binance XAGUSDT	+0.0124%	4h	66.411	−0.008%	$193.1M	$720.0M	100x	as long as short
Lighter XAG	+0.0128%	1h	66.400	−0.025%	$5.3M	$10.3M	25x	as long as short
Aevo XAG-PERP	+0.0128%	1h	66.395	−0.032%	$48K	—	10x	as long as short
BloFin XAG-USDT	+0.0169%	4h	66.450	+0.050%	$2.6M	$686K	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.410	−0.010%	$1.9M	$965K	20x	as long as short
Nado XAG-PERP	+0.0188%	1h	66.409	−0.011%	$1.3M	$6.5M	10x	as long as short
OKX XAG-USDT-SWAP	+0.0193%	8h	66.410	−0.010%	$27.9M	$66.6M	50x	as long as short
GRVT XAG_USDT_Perp	+0.0194%	4h	66.551	+0.202%	$402K	$1.5M	25x	as long as short
Bitget XAGUSDT	+0.0196%	4h	66.390	−0.040%	$24.6M	$46.6M	100x	as long as short
Aftermath Perps XAGUSD	+0.0208%	1h	66.478	+0.093%	$80K	$39K	10x	as long as short
Hibachi XAG/USDT-P	+0.0288%	1h	66.505	+0.133%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.415	−0.002%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0353%	1h	66.380	−0.055%	$50K	$331K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0462%	1h	66.392	−0.036%	$766K	$562K	25x	as long as short