Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0327%/8h= −35.9% APRpaid last 24h −0.023%

Price spread now: Extended against BloFin−0.105%7-day average −0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs+$1as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$210.208% of the position

Long on BloFin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.221%+$22 on $10k

Price spread, last 4 days (all we have)−0.119%−$12 · spread now −0.105%, 7d avg −0.058%

Together, before fees+0.102%+ Points / potential airdropExtended: Active · farm board+$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Extended is 0.047% cheaper against BloFin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.058%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.221%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.221% in total (about 11.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XAG-USDT	65.560	0.0359	pay 0.0180% / 4h	2h 56m	$2.7M	$710K	100x
Short	Extended XAG-USD	65.491	0.0032	get 0.0004% / 1h	56m 42s	$5.1M	$12.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against BloFin. 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 BloFinbpFee ExtendedbpOrdersPrice spread, now −0.105%Rate

Funding earned: −$68.75
Price spread: −0.105% → −0.058%: −$4.67
Slippage, 4 orders: −$3.78
Fee BloFin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$94.21
Costs to cover: 0.208%
Break-even: never at this rate

Slippage from BloFin: live order book, 6 min ago; Extended: live order book, 2 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 BloFin live order book, 6 min ago	0.76 bp	6.8 bp −$7	6.8 bp −$68	6.8 bp −$676	8.8 bp −$4,409
Sell Extended live order book, 2 min ago	0.08 bp	4.7 bp −$5	6.1 bp −$61	13.7 bp −$1,374	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
Injective XAG/USDC PERP	−0.0220%	1h	64.602	−1.461%	$11K	$240	52x	as long as short
Ondo Perps XAG-USD.P	−0.0070%	1h	65.430	−0.198%	$5.7M	$10.2M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.477	−0.126%	$12K	$6K	5x	as long as short
Gate XAG_USDT	0.0000%	4h	65.540	−0.031%	$137.1M	$191.9M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.530	−0.046%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.580	+0.031%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.540	−0.031%	$1.5M	$253K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.591	+0.048%	$119K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.493	−0.103%	$4.5M	$9.3M	25x	as long as short
Extended XAG-USDshort	+0.0032%	1h	65.491	−0.105%	$5.1M	$12.0M	10x

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	65.560	0.000%	$789K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.984	+0.647%	—	—	25x	as long as short
Hotstuff SILVER-PERP	+0.0048%	1h	65.519	−0.063%	$36K	$22K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.464	−0.146%	$174.0M	$92.5M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.518	−0.064%	$3.8M	$890K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.483	−0.117%	$3K	$6K	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0055%	1h	65.510	−0.076%	$77K	$436K	20x	as long as short
QFEX SILVER-USD	+0.0062%	1h	65.550	−0.015%	$435K	$1.5M	20x	as long as short
Variational Omni XAG	+0.0076%	4h	65.573	+0.020%	$5.4M	$9.1M	—	as long as short
Paradex XAG-USD-PERP	+0.0077%	8h	65.522	−0.058%	$29K	$166	5x	as long as short
Nado XAG-PERP	+0.0082%	1h	65.509	−0.078%	$1.3M	$4.1M	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0088%	1h	65.570	+0.015%	$1.6M	$1.6M	20x	as long as short
Kalshi KXSILVERPERP	+0.0090%	24h	65.562	+0.003%	$659K	$36.2M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	65.491	−0.105%	$466K	$588K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.510	−0.076%	$25.3M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.570	+0.015%	$112K	$19K	50x	as long as short
Phoenix SILVER	+0.0111%	1h	65.549	−0.017%	$56K	$12K	25x	as long as short
MEXC SILVER_USDT	+0.0118%	4h	65.530	−0.046%	$117.3M	$160.0M	1000x	as long as short
Binance XAGUSDT	+0.0119%	4h	65.510	−0.076%	$193.4M	$825.3M	100x	as long as short
Aevo XAG-PERP	+0.0120%	1h	65.533	−0.042%	$47K	—	10x	as long as short
edgeX XAGUSDC	+0.0127%	4h	65.630	+0.107%	$669K	$313K	30x	as long as short
Aster XAGUSDT	+0.0132%	4h	65.520	−0.061%	$2.7M	$1.1M	100x	as long as short
Bullet SILVER-USD	+0.0166%	1h	65.556	−0.006%	$45K	$75K	10x	as long as short
Lighter XAG	+0.0176%	1h	65.502	−0.088%	$5.1M	$11.3M	25x	as long as short
Aftermath Perps XAGUSD	+0.0196%	1h	65.538	−0.034%	$79K	$37K	10x	as long as short
RISEx XAG/USDC	+0.0206%	1h	65.560	0.000%	$1.2M	$4.9M	20x	as long as short
OKX XAG-USDT-SWAP	+0.0210%	8h	65.520	−0.061%	$28.2M	$81.1M	50x	as long as short
Bitget XAGUSDT	+0.0230%	4h	65.510	−0.076%	$23.0M	$49.5M	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.585	+0.038%	$93K	—	111x	as long as short
Bybit XAGUSDT	+0.0252%	4h	65.520	−0.061%	$30.7M	$45.1M	150x	as long as short
GRVT XAG_USDT_Perp	+0.0302%	4h	65.567	+0.010%	$384K	$1.6M	25x	as long as short
BloFin XAG-USDTlong	+0.0359%	4h	65.560	long leg	$2.7M	$710K	100x
Hibachi XAG/USDT-P	+0.0360%	1h	65.523	−0.056%	$21K	$12K	10x	as long as short
Kraken Futures PF_XAGUSD	+0.0773%	1h	65.509	−0.077%	$1.0M	$893K	25x	as long as short