Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0042%/8h= −4.5% APRpaid last 24h −0.030%

Price spread now: Ondo Perps against Bybit−0.180%7-day average −0.182% · you buy dearer than you sell

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

Long on Bybit Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.060%−$6 on $10k

Price spread, last 7 days−0.209%−$21 · spread now −0.180%, 7d avg −0.182%

Together, before fees−0.269%+ Points / potential airdropOndo Perps: Active · farm board−$27 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.182%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit XAGUSDT	66.500	0.0092	pay 0.0046% / 4h	2h 35m	$26.4M	$35.9M	150x
Short	Ondo Perps XAG-USD.P	66.380	0.0050	get 0.0006% / 1h	35m 26s	$5.7M	$9.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Bybit. 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 BybitbpFee Ondo PerpsbpOrdersPrice spread, now −0.180%Rate

Funding earned: −$8.72
Price spread: −0.180% → −0.182%: $0.2
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$24.52
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 3 min ago; Ondo Perps: 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 Bybit live order book, 3 min ago	0.75 bp	6.4 bp −$6	9.1 bp −$91	15.3 bp −$1,528	59.7 bp −$29.9K
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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
Hotstuff SILVER-PERP	−0.0008%	1h	66.447	−0.080%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	66.356	−0.216%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.480	−0.030%	$153.5M	$162.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.430	−0.105%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.450	−0.075%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.440	−0.090%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.406	−0.142%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.455	−0.068%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.409	−0.137%	$5.4M	$12.3M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.150%	$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	66.410	−0.135%	$799K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.883	+0.576%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.346	−0.232%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.440	−0.090%	$3.9M	$669K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.348	−0.229%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.Pshort	+0.0050%	1h	66.380	−0.180%	$5.7M	$9.6M	25x
QFEX SILVER-USD	+0.0054%	1h	66.460	−0.060%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0061%	24h	66.357	−0.215%	$563K	$23.2M	8.1x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.489	−0.017%	$1.3M	$4.3M	20x	as long as short
Bybit XAGUSDTlong	+0.0092%	4h	66.500	long leg	$26.4M	$35.9M	150x
tradeXYZ xyz:SILVER	+0.0095%	1h	66.436	−0.096%	$165.9M	$76.0M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.432	−0.102%	$473K	$605K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.440	−0.090%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.310	−0.286%	$126K	$23K	50x	as long as short
BloFin XAG-USDT	+0.0103%	4h	66.570	+0.105%	$2.6M	$624K	100x	as long as short
Aster XAGUSDT	+0.0117%	4h	66.477	−0.034%	$2.8M	$962K	100x	as long as short
Paradex XAG-USD-PERP	+0.0124%	8h	66.460	−0.059%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0140%	4h	66.405	−0.143%	$5.5M	$9.8M	—	as long as short
Aevo XAG-PERP	+0.0144%	1h	66.461	−0.058%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0152%	4h	66.470	−0.045%	$102.4M	$158.1M	1000x	as long as short
Binance XAGUSDT	+0.0156%	4h	66.480	−0.030%	$192.9M	$707.8M	100x	as long as short
edgeX XAGUSDC	+0.0166%	4h	66.514	+0.020%	$675K	$314K	30x	as long as short
Lighter XAG	+0.0168%	1h	66.472	−0.042%	$5.3M	$10.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.520	+0.030%	$1.9M	$967K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0199%	8h	66.470	−0.045%	$28.0M	$65.9M	50x	as long as short
Aftermath Perps XAGUSD	+0.0219%	1h	66.432	−0.103%	$80K	$38K	10x	as long as short
Nado XAG-PERP	+0.0228%	1h	66.393	−0.161%	$1.3M	$6.5M	10x	as long as short
Bitget XAGUSDT	+0.0228%	4h	66.470	−0.045%	$24.0M	$46.1M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0242%	4h	66.526	+0.038%	$391K	$1.5M	25x	as long as short
Hibachi XAG/USDT-P	+0.0272%	1h	66.302	−0.298%	$20K	$22K	10x	as long as short
Bullet SILVER-USD	+0.0282%	1h	66.474	−0.039%	$45K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0292% / S −0.0281%	1h	66.485	−0.023%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0353%	1h	66.400	−0.150%	$50K	$325K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0462%	1h	66.375	−0.188%	$765K	$475K	25x	as long as short