Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h +0.006%

Price spread now: OKX against BloFin−0.015%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$6as in the Funding arb table

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

costs, in and out, $10k−$250.251% of the position

Long on BloFin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.194%+$19 on $10k

Price spread, last 4 days (all we have)−0.135%−$14 · spread now −0.015%, 7d avg −0.016%

Together, before fees+0.059%+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.016%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.194%, 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	BloFin XAG-USDT	64.960	0.0205	pay 0.0103% / 4h	3h 34m	$2.7M	$646K	100x
Short	OKX XAG-USDT-SWAP	64.950	0.0193	get 0.0193% / 8h	7h 34m	$28.6M	$72.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.015%Rate

Funding earned: −$2.57
Price spread: −0.015% → −0.016%: $0.06
Slippage, 4 orders: −$3.08
Fee BloFin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$27.59
Costs to cover: 0.251%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; OKX: 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 BloFin live order book, 3 min ago	0.77 bp	6.8 bp −$7	6.8 bp −$68	6.8 bp −$677	10.6 bp −$5,289
Sell OKX live order book, 4 min ago	0.77 bp	5.8 bp −$6	6.7 bp −$67	12.6 bp −$1,264	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	64.862	−0.151%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	64.940	−0.031%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	64.950	−0.015%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	64.940	−0.031%	$1.4M	$310K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	64.866	−0.145%	$117K	—	250x	as long as short
Variational Omni XAG	+0.0015%	4h	64.904	−0.086%	$5.3M	$9.1M	—	as long as short
Gate XAG_USDT	+0.0024%	4h	64.950	−0.015%	$139.8M	$182.3M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	64.924	−0.055%	$4.6M	$9.8M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	64.865	−0.146%	$5.0M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+2.217%	$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	64.890	−0.108%	$780K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.324	+0.560%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0047%	1h	64.920	−0.062%	$445K	$1.5M	20x	as long as short
MEXC SILVER_USDT	+0.0048%	4h	64.930	−0.046%	$121.1M	$158.0M	1000x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	64.860	−0.154%	$3.8M	$890K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	64.850	−0.169%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	64.860	−0.154%	$5.6M	$9.9M	25x	as long as short
Binance XAGUSDT	+0.0051%	4h	64.930	−0.046%	$195.9M	$772.0M	100x	as long as short
Paradex XAG-USD-PERP	+0.0060%	8h	64.890	−0.108%	$29K	$166	5x	as long as short
edgeX XAGUSDC	+0.0061%	4h	64.937	−0.035%	$661K	$313K	30x	as long as short
Aevo XAG-PERP	+0.0064%	1h	64.904	−0.087%	$47K	—	10x	as long as short
Aster XAGUSDT	+0.0067%	4h	64.929	−0.048%	$2.6M	$995K	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0080%	1h	64.880	−0.123%	$1.6M	$1.4M	20x	as long as short
Kalshi KXSILVERPERP	+0.0084%	24h	64.923	−0.057%	$485K	$33.8M	8.1x	as long as short
Hotstuff SILVER-PERP	+0.0088%	1h	64.925	−0.054%	$35K	$21K	20x	as long as short
Pacifica XAG	+0.0100%	1h	64.852	−0.166%	$463K	$592K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	64.890	−0.108%	$25.1M	$4.5M	75x	as long as short
GRVT XAG_USDT_Perp	+0.0100%	4h	64.907	−0.082%	$390K	$1.6M	25x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	64.870	−0.139%	$111K	$19K	50x	as long as short
Phoenix SILVER	+0.0111%	1h	64.892	−0.105%	$55K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0135%	1h	64.904	−0.086%	$173.9M	$86.9M	25x	as long as short
Nado XAG-PERP	+0.0156%	1h	64.925	−0.055%	$1.2M	$4.3M	10x	as long as short
RISEx XAG/USDC	+0.0158%	1h	64.919	−0.063%	$1.2M	$4.9M	20x	as long as short
Bitget XAGUSDT	+0.0188%	4h	64.940	−0.031%	$23.3M	$45.8M	100x	as long as short
OKX XAG-USDT-SWAPshort	+0.0193%	8h	64.950	−0.015%	$28.6M	$72.6M	50x
Bybit XAGUSDT	+0.0200%	4h	64.950	−0.015%	$29.1M	$42.1M	150x	as long as short
BloFin XAG-USDTlong	+0.0205%	4h	64.960	long leg	$2.7M	$646K	100x
Aftermath Perps XAGUSD	+0.0217%	1h	64.927	−0.051%	$78K	$37K	10x	as long as short
Lighter XAG	+0.0224%	1h	64.919	−0.064%	$5.3M	$11.0M	25x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0237% / S −0.0196%	1h	64.935	−0.038%	$92K	—	111x	as long as short
Bullet SILVER-USD	+0.0300%	1h	64.921	−0.059%	$45K	$75K	10x	as long as short
Hibachi XAG/USDT-P	+0.0336%	1h	64.882	−0.121%	$20K	$15K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0367%	1h	64.910	−0.077%	$76K	$427K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0420%	1h	64.911	−0.075%	$1.0M	$872K	25x	as long as short