Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0060%/8h= +6.6% APRpaid last 24h +0.010%

Price spread now: Bitget against Coinbase International−0.076%7-day average +0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$300.295% of the position

Long on Coinbase International Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.135%−$14 on $10k

Price spread, last 4 days (all we have)+0.061%+$6 · spread now −0.076%, 7d avg +0.031%

Together, before fees−0.074%−$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.107% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.076% now, against its 7-day average of +0.031%). If the spread goes back, that is −$11 on $10k: about 6.0 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.135%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SILVER-PERP-INTX	65.380	0.0120	pay 0.0015% / 1h	29m 19s	$1.6M	$1.4M	20x
Short	Bitget XAGUSDT	65.330	0.0180	get 0.0090% / 4h	1h 29m	$23.8M	$46.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.076%Rate

Funding earned: $12.6
Price spread: −0.076% → +0.031%: −$10.74
Slippage, 4 orders: −$7.51
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$27.65
Costs to cover: 0.295%
Break-even: 22.4 days

Slippage from Coinbase International: live order book, 4 min ago; Bitget: live order book, 5 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, 4 min ago	2.30 bp	7.7 bp −$8	9.3 bp −$93	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	0.76 bp	7.8 bp −$8	9.8 bp −$98	19.0 bp −$1,898	43.6 bp −$21.8K

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	−0.0176%	1h	65.297	−0.128%	$20K	$20K	10x	as long as short
Ondo Perps XAG-USD.P	−0.0094%	1h	65.220	−0.245%	$5.6M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.295	−0.130%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.330	−0.076%	$28.0M	$39.8M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.340	−0.061%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.380	0.000%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.360	−0.031%	$1.5M	$280K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.310	−0.107%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0018%	4h	65.340	−0.061%	$141.1M	$182.0M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.331	−0.075%	$4.6M	$9.8M	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	65.268	−0.171%	$5.1M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.560%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.320	−0.092%	$786K	$2.9M	40x	as long as short
Aster XAGUSDT	+0.0041%	4h	65.331	−0.074%	$2.7M	$966K	100x	as long as short
Variational Omni XAG	+0.0043%	4h	65.344	−0.056%	$5.5M	$9.4M	—	as long as short
Vest SI-PERP	+0.0046%	1h	65.745	+0.558%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0050%	1h	65.320	−0.092%	$152K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.283	−0.148%	$170.2M	$83.6M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.296	−0.128%	$3.8M	$718K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.265	−0.176%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0056%	8h	65.317	−0.097%	$29K	$1K	5x	as long as short
RISEx XAG/USDC	+0.0061%	1h	65.328	−0.080%	$1.2M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0061%	1h	65.313	−0.102%	$56K	$31K	25x	as long as short
MEXC SILVER_USDT	+0.0064%	4h	65.310	−0.107%	$115.9M	$157.4M	1000x	as long as short
Binance XAGUSDT	+0.0065%	4h	65.328	−0.079%	$190.1M	$763.4M	100x	as long as short
Aevo XAG-PERP	+0.0072%	1h	65.315	−0.099%	$47K	—	10x	as long as short
edgeX XAGUSDC	+0.0073%	4h	65.347	−0.050%	$665K	$314K	30x	as long as short
Kalshi KXSILVERPERP	+0.0077%	24h	65.302	−0.119%	$487K	$30.8M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	65.285	−0.145%	$467K	$624K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.300	−0.122%	$25.3M	$5.0M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.340	−0.061%	$112K	$19K	50x	as long as short
GRVT XAG_USDT_Perp	+0.0114%	4h	65.360	−0.031%	$397K	$1.6M	25x	as long as short
Hotstuff SILVER-PERP	+0.0120%	1h	65.315	−0.099%	$35K	$21K	20x	as long as short
Coinbase International SILVER-PERP-INTXlong	+0.0120%	1h	65.380	long leg	$1.6M	$1.4M	20x
Nado XAG-PERP	+0.0128%	1h	65.294	−0.132%	$1.2M	$5.5M	10x	as long as short
Lighter XAG	+0.0136%	1h	65.345	−0.054%	$5.4M	$11.4M	25x	as long as short
Bullet SILVER-USD	+0.0175%	1h	65.335	−0.069%	$43K	$76K	10x	as long as short
Bitget XAGUSDTshort	+0.0180%	4h	65.330	−0.076%	$23.8M	$46.3M	100x
OKX XAG-USDT-SWAP	+0.0185%	8h	65.330	−0.076%	$27.9M	$71.0M	50x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0210%	1h	65.310	−0.107%	$65K	$377K	20x	as long as short
Aftermath Perps XAGUSD	+0.0221%	1h	65.318	−0.094%	$79K	$37K	10x	as long as short
BloFin XAG-USDT	+0.0268%	4h	65.340	−0.061%	$2.6M	$609K	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0273% / S −0.0241%	1h	65.355	−0.038%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0493%	1h	65.301	−0.121%	$915K	$746K	25x	as long as short