Settings8H · net · $10k
Funding arb · Price arb /

XAG

RWAall XAG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0238%/8h= −26.0% APRnext payment $0.30 per $10,000 · paid last 24h −0.049%
Price spread now: SoDEX against Bullet−0.111%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and SoDEX is 0.111% cheaper against Bullet than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBullet SILVER-USD66.0770.0288pay 0.0036% / 1h11m 09s$44K$76K10x
ShortSoDEX SILVER-USD66.0040.0050get 0.0006% / 1h11m 09s$3K$6K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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

Funding earned
−$49.9
Price spread: −0.111% → 0.000%
−$11.1
Slippage, 4 orders
no order book: not counted
Fee Bullet: 4 bp × 2 orders
−$8
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$77
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Bullet: no order-book sample; SoDEX: 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
LegHalf-spread$10k$100k$1M$5M
Buy Bullet no order-book sample
Sell SoDEX no order-book sample
Bullet and SoDEX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX XAG-USD0.0000%1h66.018−0.090%$15K5xas long as short
Gate XAG_USDT0.0000%4h66.100+0.034%$150.1M$163.7M100xas long as short
SunX XAG-USDT0.0000%4h66.090+0.019%$2K$2.7M20xas long as short
HTX XAG-USDT0.0000%4h66.120+0.065%$1.0M$968K75xas long as short
Phemex XAGUSDT0.0000%4h66.120+0.065%$1.5M$317K100xas long as short
gTrade (Gains Network) XAG/USDL +0.0004% / S −0.0006%1h66.001−0.115%$120K250xas long as short
Lighter RH XAG+0.0032%1h66.073−0.006%$4.8M$9.6M25xas long as short
Extended XAG-USD+0.0032%1h66.000−0.117%$5.2M$11.6M10xas long as short
Injective XAG/USDC PERP+0.0033%1h66.400+0.488%$11K$94K52xas long as short
StandX XAG-USD+0.0040%1h66.060−0.026%$795K$3.1M40xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps XAG-USD.P+0.0042%1h65.950−0.193%$5.7M$9.6M25xas long as short
Vest SI-PERP+0.0046%1h66.491+0.626%25xas long as short
Hotstuff SILVER-PERP+0.0048%1h66.027−0.076%$35K$21K20xas long as short
Polymarket Perps SILVER-USD+0.0050%1h66.035−0.064%$3.9M$672K20xas long as short
SoDEX SILVER-USDshort+0.0050%1h66.004−0.111%$3K$6K20x
QFEX SILVER-USD+0.0054%1h66.060−0.026%$115K$2.7M20xas long as short
Phoenix SILVER+0.0060%1h66.025−0.079%$56K$26K25xas long as short
Kalshi KXSILVERPERP+0.0071%24h66.031−0.070%$547K$25.4M8.1xas long as short
Pacifica XAG+0.0100%1h66.005−0.109%$470K$615K10xas long as short
KuCoin XAGUSDTM+0.0100%4h66.040−0.056%$24.5M$4.5M75xas long as short
ApeX Omni XAGUSDT+0.0100%1h66.060−0.026%$113K$30K50xas long as short
tradeXYZ xyz:SILVER+0.0126%1h66.054−0.035%$165.9M$74.3M25xas long as short
RISEx XAG/USDC+0.0137%1h66.061−0.025%$1.3M$4.5M20xas long as short
Paradex XAG-USD-PERP+0.0140%8h66.056−0.032%$30K$1K5xas long as short
Aster XAGUSDT+0.0143%4h66.068−0.013%$2.7M$868K100xas long as short
Bybit XAGUSDT+0.0168%4h66.110+0.049%$27.1M$36.1M150xas long as short
Lighter XAG+0.0184%1h66.076−0.002%$5.2M$10.7M25xas long as short
Aevo XAG-PERP+0.0192%1h66.072−0.008%$47K10xas long as short
Coinbase International SILVER-PERP-INTX+0.0200%1h66.020−0.087%$1.8M$1.0M20xas long as short
Variational Omni XAG+0.0204%4h66.063−0.022%$5.6M$9.5Mas long as short
MEXC SILVER_USDT+0.0210%4h66.080+0.004%$110.6M$153.0M1000xas long as short
BloFin XAG-USDT+0.0212%4h66.120+0.065%$2.6M$554K100xas long as short
Binance XAGUSDT+0.0212%4h66.090+0.019%$192.7M$700.3M100xas long as short
Nado XAG-PERP+0.0212%1h66.014−0.095%$1.4M$6.5M10xas long as short
edgeX XAGUSDC+0.0222%4h66.092+0.023%$671K$313K30xas long as short
Aftermath Perps XAGUSD+0.0222%1h66.046−0.048%$80K$36K10xas long as short
OKX XAG-USDT-SWAP+0.0234%8h66.080+0.004%$27.7M$65.0M50xas long as short
Bitget XAGUSDT+0.0256%4h66.080+0.004%$23.8M$45.4M100xas long as short
GRVT XAG_USDT_Perp+0.0274%4h66.094+0.025%$389K$1.5M25xas long as short
Bullet SILVER-USDlong+0.0288%1h66.077long leg$44K$76K10x
Deribit SILVER_USDC-PERPETUAL+0.0356%1h66.050−0.041%$69K$355K20xas long as short
GMX SILVER/USD [ETH-USDC]L +0.0383% / S −0.0424%1h66.075−0.004%$103K111xas long as short
Hibachi XAG/USDT-P+0.0384%1h66.050−0.041%$20K$19K10xas long as short
Kraken Futures PF_XAGUSD+0.0485%1h66.044−0.051%$912K$683K25xas long as short