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

XAG

RWAall XAG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0080%/8h= −8.8% APRpaid last 24h −0.054%
Price spread now: HTX against Coinbase International+0.108%7-day average +0.083% · you sell dearer than you buy
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$340.342% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.256%−$26 on $10k
Price spread, last 4 days (all we have)−0.078%−$8 · spread now +0.108%, 7d avg +0.083%
Together, before fees−0.334%−$33 on $10k · with fees, hour by hour
The price spread pays, funding is against you. HTX is 0.025% dearer against Coinbase International than usual: you sell high and buy low (spread +0.108% now, against its 7-day average of +0.083%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 25 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International SILVER-PERP-INTX64.8800.0080pay 0.0010% / 1h34m 53s$1.6M$1.4M20x
ShortHTX XAG-USDT64.9500get 0.0000% / 4h3h 34m$1.1M$1.3M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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

Funding earned
−$16.8
Price spread: +0.108% → +0.083%
$2.51
Slippage, 4 orders
−$12.22
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee HTX: 6 bp × 2 orders
−$12
Net
−$48.5
Costs to cover
0.342%
Break-even
never at this rate
Slippage from Coinbase International: live order book, 4 min ago; HTX: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 4 min ago0.77 bp6.1 bp −$68.6 bp −$86doesn't fitdoesn't fit
Sell HTX live order book, 4 min ago4.62 bp11.5 bp −$1212.1 bp −$12114.0 bp −$1,403doesn't fit

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%1h64.862−0.028%$12K$5K5xas long as short
SunX XAG-USDT0.0000%4h64.940+0.092%$2K$2.4M20xas long as short
HTX XAG-USDTshort0.0000%4h64.950+0.108%$1.1M$1.3M75x
Phemex XAGUSDT0.0000%4h64.940+0.092%$1.4M$310K100xas long as short
gTrade (Gains Network) XAG/USDL +0.0004% / S −0.0006%1h64.866−0.022%$117K250xas long as short
Variational Omni XAG+0.0015%4h64.904+0.037%$5.3M$9.1Mas long as short
Gate XAG_USDT+0.0024%4h64.950+0.108%$139.8M$182.3M100xas long as short
Lighter RH XAG+0.0032%1h64.924+0.069%$4.6M$9.8M25xas long as short
Extended XAG-USD+0.0032%1h64.865−0.023%$5.0M$12.1M10xas long as short
Injective XAG/USDC PERP+0.0033%1h66.400+2.343%$11K$94K52xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
StandX XAG-USD+0.0040%1h64.890+0.015%$780K$3.0M40xas long as short
Vest SI-PERP+0.0046%1h65.324+0.684%25xas long as short
QFEX SILVER-USD+0.0047%1h64.920+0.062%$445K$1.5M20xas long as short
MEXC SILVER_USDT+0.0048%4h64.930+0.077%$121.1M$158.0M1000xas long as short
Polymarket Perps SILVER-USD+0.0050%1h64.860−0.031%$3.8M$890K20xas long as short
SoDEX SILVER-USD+0.0050%1h64.850−0.046%$3K$6K20xas long as short
Ondo Perps XAG-USD.P+0.0050%1h64.860−0.031%$5.6M$9.9M25xas long as short
Binance XAGUSDT+0.0051%4h64.930+0.077%$195.9M$772.0M100xas long as short
Paradex XAG-USD-PERP+0.0060%8h64.890+0.016%$29K$1665xas long as short
edgeX XAGUSDC+0.0061%4h64.937+0.088%$661K$313K30xas long as short
Aevo XAG-PERP+0.0064%1h64.904+0.036%$47K10xas long as short
Aster XAGUSDT+0.0067%4h64.929+0.076%$2.6M$995K100xas long as short
Coinbase International SILVER-PERP-INTXlong+0.0080%1h64.880long leg$1.6M$1.4M20x
Kalshi KXSILVERPERP+0.0084%24h64.923+0.066%$485K$33.8M8.1xas long as short
Hotstuff SILVER-PERP+0.0088%1h64.925+0.069%$35K$21K20xas long as short
Pacifica XAG+0.0100%1h64.852−0.043%$463K$592K10xas long as short
KuCoin XAGUSDTM+0.0100%4h64.890+0.015%$25.1M$4.5M75xas long as short
GRVT XAG_USDT_Perp+0.0100%4h64.907+0.041%$390K$1.6M25xas long as short
ApeX Omni XAGUSDT+0.0100%1h64.870−0.015%$111K$19K50xas long as short
Phoenix SILVER+0.0111%1h64.892+0.018%$55K$31K25xas long as short
tradeXYZ xyz:SILVER+0.0135%1h64.904+0.037%$173.9M$86.9M25xas long as short
Nado XAG-PERP+0.0156%1h64.925+0.069%$1.2M$4.3M10xas long as short
RISEx XAG/USDC+0.0158%1h64.919+0.061%$1.2M$4.9M20xas long as short
Bitget XAGUSDT+0.0188%4h64.940+0.092%$23.3M$45.8M100xas long as short
OKX XAG-USDT-SWAP+0.0193%8h64.950+0.108%$28.6M$72.6M50xas long as short
Bybit XAGUSDT+0.0200%4h64.950+0.108%$29.1M$42.1M150xas long as short
BloFin XAG-USDT+0.0205%4h64.960+0.123%$2.7M$646K100xas long as short
Aftermath Perps XAGUSD+0.0217%1h64.927+0.072%$78K$37K10xas long as short
Lighter XAG+0.0224%1h64.919+0.059%$5.3M$11.0M25xas long as short
GMX SILVER/USD [ETH-USDC]L +0.0237% / S −0.0196%1h64.935+0.085%$92K111xas long as short
Bullet SILVER-USD+0.0300%1h64.921+0.064%$45K$75K10xas long as short
Hibachi XAG/USDT-P+0.0336%1h64.882+0.003%$20K$15K10xas long as short
Deribit SILVER_USDC-PERPETUAL+0.0367%1h64.910+0.046%$76K$427K20xas long as short
Kraken Futures PF_XAGUSD+0.0420%1h64.911+0.048%$1.0M$872K25xas long as short