Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0130%/8h= −14.2% APRpaid last 24h −0.042%

Price spread now: Paradex against Bullet−0.072%7-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 Paradex

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—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Paradex is 0.072% cheaper against Bullet than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet SILVER-USD	66.264	0.0266	pay 0.0033% / 1h	49m 36s	$46K	$75K	10x
Short	Paradex XAG-USD-PERP	66.216	0.0136	get 0.0136% / 8h	5h 49m	$30K	$1K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.072%Rate

Funding earned: −$27.31
Price spread: −0.072% → 0.000%: −$7.18
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$46.49
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Bullet: no order-book sample; Paradex: no order-book sample. 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 Paradex no order-book sample	—	—	—	—	—

Bullet and Paradex: 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 43 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	66.178	−0.129%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.240	−0.036%	$151.4M	$161.7M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.250	−0.021%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.260	−0.005%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.250	−0.021%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.184	−0.120%	$121K	—	250x	as long as short
Hotstuff SILVER-PERP	+0.0024%	1h	66.194	−0.105%	$35K	$21K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0030%	1h	66.120	−0.217%	$5.7M	$9.7M	25x	as long as short
Lighter RH XAG	+0.0032%	1h	66.214	−0.076%	$4.8M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.157	−0.161%	$5.3M	$12.1M	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.206%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.230	−0.051%	$797K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.693	+0.648%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.218	−0.069%	$3.9M	$673K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.171	−0.140%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.220	−0.066%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0063%	24h	66.213	−0.076%	$547K	$24.5M	8.1x	as long as short
Phoenix SILVER	+0.0084%	1h	66.303	+0.059%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0091%	1h	66.189	−0.113%	$165.7M	$74.7M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.166	−0.147%	$471K	$607K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.180	−0.126%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.330	+0.100%	$113K	$30K	50x	as long as short
Paradex XAG-USD-PERPshort	+0.0136%	8h	66.216	−0.072%	$30K	$1K	5x
Aster XAGUSDT	+0.0138%	4h	66.225	−0.059%	$2.7M	$917K	100x	as long as short
Bybit XAGUSDT	+0.0141%	4h	66.240	−0.036%	$26.7M	$36.1M	150x	as long as short
Lighter XAG	+0.0168%	1h	66.221	−0.064%	$5.3M	$10.4M	25x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.231	−0.050%	$48K	—	10x	as long as short
Variational Omni XAG	+0.0176%	4h	66.242	−0.033%	$5.5M	$9.7M	—	as long as short
RISEx XAG/USDC	+0.0181%	1h	66.231	−0.049%	$1.2M	$4.4M	20x	as long as short
MEXC SILVER_USDT	+0.0190%	4h	66.220	−0.066%	$110.5M	$151.8M	1000x	as long as short
Binance XAGUSDT	+0.0191%	4h	66.220	−0.066%	$191.8M	$706.1M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.350	+0.130%	$1.9M	$972K	20x	as long as short
edgeX XAGUSDC	+0.0201%	4h	66.366	+0.155%	$673K	$314K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0216%	8h	66.230	−0.051%	$27.8M	$65.6M	50x	as long as short
Aftermath Perps XAGUSD	+0.0233%	1h	66.266	+0.003%	$80K	$38K	10x	as long as short
Nado XAG-PERP	+0.0238%	1h	66.215	−0.074%	$1.3M	$6.6M	10x	as long as short
Hibachi XAG/USDT-P	+0.0248%	1h	66.199	−0.098%	$20K	$22K	10x	as long as short
Bitget XAGUSDT	+0.0252%	4h	66.220	−0.066%	$23.8M	$46.1M	100x	as long as short
Bullet SILVER-USDlong	+0.0266%	1h	66.264	long leg	$46K	$75K	10x
GRVT XAG_USDT_Perp	+0.0278%	4h	66.277	+0.020%	$400K	$1.5M	25x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0331% / S −0.0342%	1h	66.255	−0.013%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0354%	1h	66.220	−0.066%	$50K	$326K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0550%	1h	66.208	−0.083%	$763K	$475K	25x	as long as short