Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0030%/8h= −3.3% APRpaid last 24h 0.000%

Price spread now: Bitget against Bullet−0.012%47s7-day average — · you buy dearer than you sell

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

Long on Bullet Short on Bitget

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 47 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	Bullet SILVER-USD	66.108	0.0286	pay 0.0036% / 1h	13m 37s	$44K	$76K	10x
Short	Bitget XAGUSDT	66.100	0.0256	get 0.0128% / 4h	13m 37s	$23.8M	$45.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bullet. 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 BulletbpFee BitgetbpOrdersPrice spread, now −0.012%Rate

Funding earned: −$6.3
Price spread: −0.012% → 0.000%: −$1.21
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$27.51
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Bullet: no order-book sample; Bitget: live order book, 5 min ago. 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 Bullet no order-book sample	—	—	—	—	—
Sell Bitget live order book, 5 min ago	0.76 bp	8.3 bp −$8	9.8 bp −$98	15.8 bp −$1,582	45.0 bp −$22.5K

Bullet: 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	66.018	−0.136%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.110	+0.003%	$150.1M	$163.7M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.120	+0.018%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.150	+0.064%	$1.0M	$970K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.110	+0.003%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.031	−0.116%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.079	−0.044%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.026	−0.123%	$5.2M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.442%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.170	+0.094%	$796K	$3.1M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAG-USD.P	+0.0042%	1h	65.980	−0.194%	$5.7M	$9.6M	25x	as long as short
Vest SI-PERP	+0.0046%	1h	66.533	+0.643%	—	—	25x	as long as short
Hotstuff SILVER-PERP	+0.0048%	1h	66.086	−0.033%	$35K	$21K	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.083	−0.038%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.018	−0.136%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.090	−0.027%	$115K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0060%	1h	66.108	0.000%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0071%	24h	66.063	−0.068%	$546K	$25.4M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	66.041	−0.101%	$470K	$615K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.070	−0.057%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.120	+0.018%	$113K	$30K	50x	as long as short
tradeXYZ xyz:SILVER	+0.0125%	1h	66.063	−0.068%	$165.8M	$74.3M	25x	as long as short
RISEx XAG/USDC	+0.0137%	1h	66.096	−0.018%	$1.3M	$4.5M	20x	as long as short
Paradex XAG-USD-PERP	+0.0140%	8h	66.092	−0.024%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0143%	4h	66.090	−0.027%	$2.7M	$881K	100x	as long as short
Bybit XAGUSDT	+0.0164%	4h	66.120	+0.018%	$27.1M	$36.2M	150x	as long as short
Lighter XAG	+0.0176%	1h	66.087	−0.032%	$5.2M	$10.7M	25x	as long as short
Aevo XAG-PERP	+0.0192%	1h	66.087	−0.031%	$47K	—	10x	as long as short
BloFin XAG-USDT	+0.0195%	4h	66.120	+0.018%	$2.6M	$554K	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.170	+0.094%	$1.8M	$1.0M	20x	as long as short
Variational Omni XAG	+0.0203%	4h	66.163	+0.084%	$5.6M	$9.5M	—	as long as short
Nado XAG-PERP	+0.0209%	1h	66.065	−0.065%	$1.4M	$6.4M	10x	as long as short
MEXC SILVER_USDT	+0.0210%	4h	66.090	−0.027%	$110.4M	$152.9M	1000x	as long as short
Binance XAGUSDT	+0.0211%	4h	66.102	−0.010%	$192.4M	$700.5M	100x	as long as short
Aftermath Perps XAGUSD	+0.0220%	1h	66.081	−0.041%	$80K	$36K	10x	as long as short
edgeX XAGUSDC	+0.0222%	4h	66.092	−0.024%	$671K	$313K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0233%	8h	66.100	−0.012%	$27.7M	$65.0M	50x	as long as short
Bitget XAGUSDTshort	+0.0256%	4h	66.100	−0.012%	$23.8M	$45.4M	100x
GRVT XAG_USDT_Perp	+0.0276%	4h	66.174	+0.099%	$389K	$1.5M	25x	as long as short
Bullet SILVER-USDlong	+0.0286%	1h	66.108	long leg	$44K	$76K	10x
Deribit SILVER_USDC-PERPETUAL	+0.0356%	1h	66.070	−0.057%	$62K	$349K	20x	as long as short
Hibachi XAG/USDT-P	+0.0376%	1h	66.045	−0.096%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0383% / S −0.0424%	1h	66.105	−0.005%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0485%	1h	66.070	−0.057%	$912K	$683K	25x	as long as short