Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0148%/8h= −16.2% APRpaid last 24h −0.049%

Price spread now: SoDEX against Bitget−0.182%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and SoDEX is 0.182% cheaper against Bitget than usual: you would sell low and buy high (−$18 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XAGUSDT	66.460	0.0198	pay 0.0099% / 4h	2h 58m	$24.6M	$46.4M	100x
Short	SoDEX SILVER-USD	66.339	0.0050	get 0.0006% / 1h	58m 37s	$3K	$6K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.182%Rate

Funding earned: −$31.08
Price spread: −0.182% → 0.000%: −$18.21
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$69.29
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 5 min ago; SoDEX: no order-book sample. Net counts fees only.

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, 5 min ago	0.75 bp	7.0 bp −$7	9.2 bp −$92	17.9 bp −$1,788	48.1 bp −$24.0K
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	66.402	−0.087%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.460	0.000%	$25.6M	$35.7M	150x	as long as short
Hotstuff SILVER-PERP	0.0000%	1h	66.425	−0.053%	$35K	$21K	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.450	−0.015%	$154.2M	$159.4M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.410	−0.075%	$2K	$2.9M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.460	0.000%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.430	−0.045%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.355	−0.159%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.464	+0.006%	$4.8M	$9.3M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.393	−0.101%	$5.4M	$12.5M	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	−0.090%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.530	+0.105%	$801K	$2.8M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.901	+0.664%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.507	+0.071%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.429	−0.047%	$3.9M	$700K	20x	as long as short
SoDEX SILVER-USDshort	+0.0050%	1h	66.339	−0.182%	$3K	$6K	20x
Ondo Perps XAG-USD.P	+0.0050%	1h	66.360	−0.150%	$5.7M	$9.5M	25x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.420	−0.060%	$115K	$2.8M	20x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.410	−0.075%	$583K	$22.6M	8.1x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.450	−0.015%	$1.2M	$4.3M	20x	as long as short
Aster XAGUSDT	+0.0095%	4h	66.430	−0.045%	$2.8M	$1.0M	100x	as long as short
Pacifica XAG	+0.0100%	1h	66.412	−0.072%	$473K	$611K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.430	−0.045%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.530	+0.105%	$127K	$24K	50x	as long as short
tradeXYZ xyz:SILVER	+0.0105%	1h	66.442	−0.027%	$165.8M	$85.1M	25x	as long as short
Variational Omni XAG	+0.0108%	4h	66.543	+0.125%	$5.6M	$9.8M	—	as long as short
Paradex XAG-USD-PERP	+0.0112%	8h	66.429	−0.047%	$30K	$1K	5x	as long as short
Bullet SILVER-USD	+0.0121%	1h	66.440	−0.030%	$45K	$76K	10x	as long as short
edgeX XAGUSDC	+0.0123%	4h	66.552	+0.139%	$675K	$315K	30x	as long as short
MEXC SILVER_USDT	+0.0124%	4h	66.470	+0.015%	$108.6M	$155.8M	1000x	as long as short
Binance XAGUSDT	+0.0125%	4h	66.455	−0.008%	$193.3M	$715.0M	100x	as long as short
Aevo XAG-PERP	+0.0128%	1h	66.395	−0.098%	$48K	—	10x	as long as short
Lighter XAG	+0.0152%	1h	66.450	−0.015%	$5.3M	$10.3M	25x	as long as short
BloFin XAG-USDT	+0.0169%	4h	66.450	−0.015%	$2.6M	$686K	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.410	−0.075%	$1.9M	$965K	20x	as long as short
Nado XAG-PERP	+0.0188%	1h	66.409	−0.077%	$1.3M	$6.5M	10x	as long as short
OKX XAG-USDT-SWAP	+0.0194%	8h	66.460	0.000%	$28.0M	$66.6M	50x	as long as short
GRVT XAG_USDT_Perp	+0.0194%	4h	66.551	+0.137%	$402K	$1.5M	25x	as long as short
Bitget XAGUSDTlong	+0.0198%	4h	66.460	long leg	$24.6M	$46.4M	100x
Aftermath Perps XAGUSD	+0.0208%	1h	66.478	+0.028%	$80K	$39K	10x	as long as short
Hibachi XAG/USDT-P	+0.0288%	1h	66.505	+0.067%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.415	−0.068%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0353%	1h	66.380	−0.120%	$50K	$331K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0462%	1h	66.392	−0.102%	$766K	$562K	25x	as long as short