Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h +0.001%

Price spread now: RISEx against BloFin−0.141%97s7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$250.246% of the position

Long on BloFin Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.150%+$15 on $10k

Price spread, last 3 days (all we have)+0.139%+$14 · spread now −0.141%, 7d avg −0.007%

Together, before fees+0.289%+$29 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and RISEx is 0.134% cheaper against BloFin than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.007%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.150%, so the current rate has only just turned against you. The two prices were read 97 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XAG-USDT	66.590	0.0122	pay 0.0061% / 4h	2h 59m	$2.6M	$683K	100x
Short	RISEx XAG/USDC	66.496	0.0079	get 0.0010% / 1h	59m 30s	$1.2M	$4.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.141%Rate

Funding earned: −$9.19
Price spread: −0.141% → −0.007%: −$13.38
Slippage, 4 orders: −$6.58
Fee BloFin: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$47.15
Costs to cover: 0.246%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; RISEx: 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, 4 min ago	0.75 bp	11.3 bp −$11	11.3 bp −$113	12.5 bp −$1,252	17.6 bp −$8,788
Sell RISEx live order book, 4 min ago	0.28 bp	3.3 bp −$3	4.4 bp −$44	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	−0.172%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.470	−0.180%	$25.5M	$35.8M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.480	−0.165%	$154.9M	$159.1M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.540	−0.075%	$2K	$2.9M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.560	−0.045%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.550	−0.060%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.467	−0.184%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.477	−0.170%	$4.8M	$9.3M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.433	−0.236%	$5.4M	$12.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.285%	$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	−0.090%	$801K	$2.8M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.901	+0.467%	—	—	25x	as long as short
Hotstuff SILVER-PERP	+0.0048%	1h	66.518	−0.108%	$35K	$21K	20x	as long as short
Phoenix SILVER	+0.0048%	1h	66.507	−0.125%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.429	−0.242%	$3.9M	$700K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.463	−0.191%	$3K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.380	−0.315%	$5.7M	$9.5M	25x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.470	−0.180%	$115K	$2.8M	20x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.492	−0.147%	$558K	$22.0M	8.1x	as long as short
RISEx XAG/USDCshort	+0.0079%	1h	66.496	−0.141%	$1.2M	$4.2M	20x
Aster XAGUSDT	+0.0097%	4h	66.505	−0.128%	$2.8M	$1.0M	100x	as long as short
tradeXYZ xyz:SILVER	+0.0098%	1h	66.389	−0.302%	$165.6M	$85.0M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.484	−0.159%	$474K	$611K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.500	−0.135%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.530	−0.090%	$127K	$24K	50x	as long as short
Variational Omni XAG	+0.0108%	4h	66.543	−0.070%	$5.6M	$9.8M	—	as long as short
Paradex XAG-USD-PERP	+0.0112%	8h	66.511	−0.118%	$30K	$1K	5x	as long as short
Aevo XAG-PERP	+0.0120%	1h	66.519	−0.106%	$48K	—	10x	as long as short
Bullet SILVER-USD	+0.0121%	1h	66.440	−0.225%	$45K	$76K	10x	as long as short
MEXC SILVER_USDT	+0.0122%	4h	66.440	−0.225%	$108.7M	$155.7M	1000x	as long as short
BloFin XAG-USDTlong	+0.0122%	4h	66.590	long leg	$2.6M	$683K	100x
edgeX XAGUSDC	+0.0123%	4h	66.552	−0.057%	$675K	$315K	30x	as long as short
Binance XAGUSDT	+0.0124%	4h	66.470	−0.180%	$193.3M	$717.8M	100x	as long as short
Lighter XAG	+0.0128%	1h	66.483	−0.161%	$5.3M	$10.3M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.490	−0.150%	$1.9M	$965K	20x	as long as short
Nado XAG-PERP	+0.0188%	1h	66.409	−0.272%	$1.3M	$6.5M	10x	as long as short
OKX XAG-USDT-SWAP	+0.0193%	8h	66.460	−0.195%	$27.9M	$66.6M	50x	as long as short
GRVT XAG_USDT_Perp	+0.0194%	4h	66.551	−0.059%	$402K	$1.5M	25x	as long as short
Bitget XAGUSDT	+0.0196%	4h	66.450	−0.210%	$24.7M	$46.5M	100x	as long as short
Aftermath Perps XAGUSD	+0.0209%	1h	66.511	−0.119%	$80K	$39K	10x	as long as short
Hibachi XAG/USDT-P	+0.0288%	1h	66.505	−0.128%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.535	−0.083%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0352%	1h	66.520	−0.105%	$50K	$336K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0489%	1h	66.502	−0.133%	$763K	$561K	25x	as long as short