Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h −0.025%

Price spread now: Lighter against Bitget−0.008%7-day average −0.038% · you buy dearer than you sell

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

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

costs, in and out, $10k−$150.151% of the position

Long on Bitget Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.076%+$8 on $10k

Price spread, last 7 days−0.036%−$4 · spread now −0.008%, 7d avg −0.038%

Together, before fees+0.041%+ Points / potential airdropLighter: Season 3 · farm board+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.031% dearer against Bitget than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XAGUSDT	65.060	0.0164	pay 0.0082% / 4h	4m 57s	$23.2M	$44.9M	100x
Short	Lighter XAG	65.055	0.0184	get 0.0023% / 1h	4m 57s	$5.3M	$11.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bitget. 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 BitgetbpFee LighterbpOrdersPrice spread, now −0.008%Rate

Funding earned: $4.2
Price spread: −0.008% → −0.038%: $3.07
Slippage, 4 orders: −$3.07
Fee Bitget: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$7.8
Costs to cover: 0.151%
Break-even: 20.0 days

Slippage from Bitget: live order book, 4 min ago; Lighter: live order book, 4 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 Bitget live order book, 4 min ago	0.77 bp	6.8 bp −$7	8.2 bp −$82	17.1 bp −$1,713	47.6 bp −$23.8K
Sell Lighter live order book, 4 min ago	0.38 bp	0.5 bp $0	1.4 bp −$14	8.3 bp −$833	19.8 bp −$9,902

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
Ondo Perps XAG-USD.P	−0.0023%	1h	64.950	−0.169%	$5.6M	$9.9M	25x	as long as short
Hotstuff SILVER-PERP	−0.0016%	1h	65.024	−0.055%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	64.997	−0.097%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.080	+0.031%	$27.7M	$39.0M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.070	+0.015%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.090	+0.046%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.070	+0.015%	$1.4M	$281K	100x	as long as short
Variational Omni XAG	+0.0003%	4h	65.056	−0.006%	$5.5M	$9.1M	—	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	64.996	−0.098%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0030%	4h	65.080	+0.031%	$140.2M	$182.0M	100x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XAG	+0.0032%	1h	65.053	−0.011%	$4.6M	$10.0M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	64.990	−0.107%	$5.0M	$11.8M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+2.060%	$11K	$94K	52x	as long as short
MEXC SILVER_USDT	+0.0034%	4h	65.060	0.000%	$126.2M	$162.9M	1000x	as long as short
Binance XAGUSDT	+0.0035%	4h	65.066	+0.009%	$191.5M	$756.4M	100x	as long as short
edgeX XAGUSDC	+0.0036%	4h	65.076	+0.024%	$662K	$313K	30x	as long as short
StandX XAG-USD	+0.0040%	1h	65.070	+0.015%	$783K	$3.0M	40x	as long as short
Aster XAGUSDT	+0.0043%	4h	65.068	+0.012%	$2.6M	$982K	100x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.070	+0.015%	$170K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.476	+0.639%	—	—	25x	as long as short
Aevo XAG-PERP	+0.0048%	1h	65.060	+0.001%	$47K	—	10x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.052	−0.012%	$3.8M	$892K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	64.984	−0.117%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0054%	8h	65.031	−0.044%	$29K	$1K	5x	as long as short
Phoenix SILVER	+0.0061%	1h	65.054	−0.009%	$55K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0072%	1h	65.027	−0.051%	$172.9M	$84.6M	25x	as long as short
Kalshi KXSILVERPERP	+0.0080%	24h	65.035	−0.038%	$489K	$32.2M	8.1x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	65.030	−0.046%	$1.6M	$1.4M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.000	−0.092%	$462K	$598K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.020	−0.061%	$25.2M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.070	+0.015%	$111K	$19K	50x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.065	+0.008%	$1.3M	$4.9M	20x	as long as short
BloFin XAG-USDT	+0.0141%	4h	65.090	+0.046%	$2.7M	$625K	100x	as long as short
GRVT XAG_USDT_Perp	+0.0144%	4h	65.099	+0.060%	$385K	$1.6M	25x	as long as short
Nado XAG-PERP	+0.0155%	1h	65.041	−0.030%	$1.2M	$4.7M	10x	as long as short
Bitget XAGUSDTlong	+0.0164%	4h	65.060	long leg	$23.2M	$44.9M	100x
OKX XAG-USDT-SWAP	+0.0173%	8h	65.080	+0.031%	$28.3M	$70.6M	50x	as long as short
Lighter XAGshort	+0.0184%	1h	65.055	−0.008%	$5.3M	$11.3M	25x
Aftermath Perps XAGUSD	+0.0198%	1h	65.072	+0.018%	$78K	$37K	10x	as long as short
Hibachi XAG/USDT-P	+0.0224%	1h	65.021	−0.060%	$20K	$16K	10x	as long as short
Bullet SILVER-USD	+0.0235%	1h	65.075	+0.023%	$45K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.075	+0.023%	$92K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0365%	1h	65.048	−0.019%	$1.0M	$869K	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0365%	1h	65.050	−0.015%	$65K	$398K	20x	as long as short