Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0248%/8h= −27.1% APRpaid last 24h −0.065%

Price spread now: HTX against Bullet+0.073%7-day average — · you sell dearer than you buy

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

Long on Bullet Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 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 pays, funding is against you. HTX is 0.073% dearer against Bullet than usual: you sell high and buy low (spread +0.073% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 24 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet SILVER-USD	65.372	0.0248	pay 0.0031% / 1h	57m 28s	$44K	$75K	10x
Short	HTX XAG-USDT	65.420	0	get 0.0000% / 4h	57m 28s	$1.1M	$1.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.073%Rate

Funding earned: −$52.03
Price spread: +0.073% → 0.000%: $7.34
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$64.69
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Bullet: no order-book sample; HTX: live order book, 1 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 HTX live order book, 1 min ago	4.59 bp	11.5 bp −$11	12.0 bp −$120	14.0 bp −$1,396	doesn't fit

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	65.293	−0.121%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.440	+0.104%	$27.8M	$39.6M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.370	−0.003%	$2K	$2.6M	20x	as long as short
HTX XAG-USDTshort	0.0000%	4h	65.420	+0.073%	$1.1M	$1.3M	75x
Phemex XAGUSDT	0.0000%	4h	65.380	+0.012%	$1.5M	$281K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.351	−0.032%	$118K	—	250x	as long as short
Ondo Perps XAG-USD.P	+0.0009%	1h	65.270	−0.156%	$5.6M	$9.7M	25x	as long as short
Hotstuff SILVER-PERP	+0.0024%	1h	65.360	−0.018%	$35K	$21K	20x	as long as short
Variational Omni XAG	+0.0030%	4h	65.314	−0.089%	$5.5M	$9.2M	—	as long as short
Lighter RH XAG	+0.0032%	1h	65.387	+0.023%	$4.6M	$9.7M	25x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XAG-USD	+0.0032%	1h	65.319	−0.081%	$5.1M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.573%	$11K	$94K	52x	as long as short
Gate XAG_USDT	+0.0034%	4h	65.410	+0.058%	$141.4M	$176.1M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.330	−0.064%	$786K	$2.9M	40x	as long as short
Aster XAGUSDT	+0.0042%	4h	65.410	+0.058%	$2.7M	$954K	100x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.390	+0.028%	$152K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.797	+0.650%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.357	−0.023%	$3.8M	$856K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.303	−0.106%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0053%	8h	65.369	−0.005%	$29K	$1K	5x	as long as short
MEXC SILVER_USDT	+0.0054%	4h	65.380	+0.012%	$116.9M	$155.9M	1000x	as long as short
Binance XAGUSDT	+0.0055%	4h	65.410	+0.058%	$191.7M	$763.0M	100x	as long as short
Phoenix SILVER	+0.0061%	1h	65.294	−0.119%	$56K	$31K	25x	as long as short
edgeX XAGUSDC	+0.0066%	4h	65.316	−0.086%	$665K	$315K	30x	as long as short
Aevo XAG-PERP	+0.0072%	1h	65.365	−0.010%	$47K	—	10x	as long as short
tradeXYZ xyz:SILVER	+0.0078%	1h	65.365	−0.011%	$170.6M	$83.2M	25x	as long as short
Kalshi KXSILVERPERP	+0.0079%	24h	65.347	−0.038%	$483K	$31.5M	8.1x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	65.230	−0.217%	$1.6M	$1.4M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.320	−0.080%	$469K	$621K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.360	−0.018%	$25.3M	$5.0M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.260	−0.171%	$112K	$19K	50x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.409	+0.057%	$1.2M	$4.9M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0142%	4h	65.325	−0.072%	$391K	$1.6M	25x	as long as short
Lighter XAG	+0.0144%	1h	65.373	+0.002%	$5.3M	$11.1M	25x	as long as short
Hibachi XAG/USDT-P	+0.0152%	1h	65.288	−0.129%	$20K	$18K	10x	as long as short
Nado XAG-PERP	+0.0153%	1h	65.348	−0.037%	$1.2M	$5.1M	10x	as long as short
Bitget XAGUSDT	+0.0170%	4h	65.390	+0.028%	$23.7M	$45.8M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0182%	8h	65.370	−0.003%	$28.2M	$70.9M	50x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.350	−0.034%	$66K	$385K	20x	as long as short
Aftermath Perps XAGUSD	+0.0210%	1h	65.296	−0.116%	$78K	$37K	10x	as long as short
BloFin XAG-USDT	+0.0222%	4h	65.310	−0.095%	$2.6M	$598K	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.375	+0.005%	$93K	—	111x	as long as short
Bullet SILVER-USDlong	+0.0248%	1h	65.372	long leg	$44K	$75K	10x
Kraken Futures PF_XAGUSD	+0.0363%	1h	65.342	−0.046%	$1.0M	$875K	25x	as long as short