Funding arb · Price arb /

XAG

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0085%/8h= −9.3% APRpaid last 24h −0.030%

Price spread now: Aster against Coinbase International+0.145%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$11as in the Price arb table

costs, in and out, $10k−$230.229% of the position

Long on Coinbase International Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.207%−$21 on $10k

Price spread, last 4 days (all we have)−0.163%−$16 · spread now +0.145%, 7d avg +0.029%

Together, before fees−0.369%+ Points / potential airdropAster: Stage 5 · farm board−$37 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.116% dearer against Coinbase International than usual: you sell high and buy low (spread +0.145% now, against its 7-day average of +0.029%): +$12 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SILVER-PERP-INTX	65.320	0.0120	pay 0.0015% / 1h	20m 40s	$1.6M	$1.4M	20x
Short	Aster XAGUSDT	65.415	0.0035	get 0.0018% / 4h	1h 20m	$2.7M	$975K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Coinbase International. 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 Coinbase InternationalbpFee AsterbpOrdersPrice spread, now +0.145%Rate

Funding earned: −$17.83
Price spread: +0.145% → +0.029%: $11.62
Slippage, 4 orders: −$4.94
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$29.15
Costs to cover: 0.229%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; Aster: live order book, 3 min ago.

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 Coinbase International live order book, 3 min ago	0.76 bp	7.4 bp −$7	8.9 bp −$89	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	0.76 bp	4.8 bp −$5	6.9 bp −$69	13.4 bp −$1,342	doesn't fit

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
Hibachi XAG/USDT-P	−0.0168%	1h	65.346	+0.039%	$20K	$19K	10x	as long as short
Ondo Perps XAG-USD.P	−0.0085%	1h	65.300	−0.031%	$5.6M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.349	+0.044%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.420	+0.153%	$27.8M	$39.9M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.430	+0.168%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.440	+0.184%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.420	+0.153%	$1.5M	$280K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.359	+0.060%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0024%	4h	65.430	+0.168%	$141.1M	$182.9M	100x	as long as short
Variational Omni XAG	+0.0028%	4h	65.404	+0.128%	$5.5M	$9.4M	—	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XAG	+0.0032%	1h	65.412	+0.140%	$4.6M	$9.8M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.357	+0.057%	$5.1M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.653%	$11K	$94K	52x	as long as short
Aster XAGUSDTshort	+0.0035%	4h	65.415	+0.145%	$2.7M	$975K	100x
StandX XAG-USD	+0.0040%	1h	65.400	+0.122%	$787K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.829	+0.779%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0050%	1h	65.410	+0.138%	$152K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.379	+0.090%	$170.5M	$83.5M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.377	+0.087%	$3.8M	$718K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.355	+0.054%	$3K	$6K	20x	as long as short
Binance XAGUSDT	+0.0054%	4h	65.413	+0.143%	$191.1M	$764.6M	100x	as long as short
MEXC SILVER_USDT	+0.0054%	4h	65.400	+0.122%	$116.2M	$157.5M	1000x	as long as short
Paradex XAG-USD-PERP	+0.0055%	8h	65.402	+0.126%	$29K	$1K	5x	as long as short
Hotstuff SILVER-PERP	+0.0056%	1h	65.386	+0.101%	$35K	$21K	20x	as long as short
RISEx XAG/USDC	+0.0061%	1h	65.426	+0.163%	$1.2M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0061%	1h	65.347	+0.041%	$56K	$31K	25x	as long as short
Aevo XAG-PERP	+0.0072%	1h	65.405	+0.129%	$47K	—	10x	as long as short
edgeX XAGUSDC	+0.0073%	4h	65.369	+0.075%	$665K	$313K	30x	as long as short
Kalshi KXSILVERPERP	+0.0077%	24h	65.370	+0.077%	$518K	$31.0M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	65.358	+0.057%	$467K	$624K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.390	+0.107%	$25.4M	$5.0M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.340	+0.031%	$112K	$19K	50x	as long as short
GRVT XAG_USDT_Perp	+0.0116%	4h	65.408	+0.135%	$385K	$1.6M	25x	as long as short
Coinbase International SILVER-PERP-INTXlong	+0.0120%	1h	65.320	long leg	$1.6M	$1.4M	20x
Nado XAG-PERP	+0.0129%	1h	65.387	+0.102%	$1.2M	$5.3M	10x	as long as short
Lighter XAG	+0.0144%	1h	65.415	+0.145%	$5.4M	$11.4M	25x	as long as short
Bitget XAGUSDT	+0.0172%	4h	65.420	+0.153%	$23.8M	$46.4M	100x	as long as short
Bullet SILVER-USD	+0.0177%	1h	65.425	+0.160%	$44K	$76K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0180%	8h	65.430	+0.168%	$28.0M	$70.9M	50x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.400	+0.122%	$65K	$380K	20x	as long as short
Aftermath Perps XAGUSD	+0.0215%	1h	65.345	+0.038%	$79K	$37K	10x	as long as short
BloFin XAG-USDT	+0.0224%	4h	65.410	+0.138%	$2.6M	$601K	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0273% / S −0.0241%	1h	65.415	+0.145%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0492%	1h	65.393	+0.111%	$916K	$746K	25x	as long as short