Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.055%

Price spread now: SunX against Coinbase International+0.215%7-day average +0.043% · you sell dearer than you buy

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

Long on Coinbase International Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.257%−$26 on $10k

Price spread, last 4 days (all we have)−0.183%−$18 · spread now +0.215%, 7d avg +0.043%

Together, before fees−0.439%−$44 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.172% dearer against Coinbase International than usual: you sell high and buy low (spread +0.215% now, against its 7-day average of +0.043%): +$17 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 6.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SILVER-PERP-INTX	64.970	0.0096	pay 0.0012% / 1h	7m 27s	$1.6M	$1.4M	20x
Short	SunX XAG-USDT	65.110	0	get 0.0000% / 4h	7m 27s	$2K	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.215%Rate

Funding earned: −$20.16
Price spread: +0.215% → +0.043%: $17.2
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$20.96
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 1 min ago; SunX: live order book, 10 min ago. 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 Coinbase International live order book, 1 min ago	0.77 bp	7.3 bp −$7	8.9 bp −$89	doesn't fit	doesn't fit
Sell SunX live order book, 10 min ago	501.65 bp	doesn't fit	doesn't fit	doesn't fit	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
Ondo Perps XAG-USD.P	−0.0026%	1h	64.970	0.000%	$5.7M	$9.9M	25x	as long as short
Hotstuff SILVER-PERP	−0.0024%	1h	65.035	+0.100%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	64.997	+0.041%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.090	+0.185%	$27.7M	$39.1M	150x	as long as short
Variational Omni XAG	0.0000%	4h	65.227	+0.395%	$5.5M	$9.1M	—	as long as short
SunX XAG-USDTshort	0.0000%	4h	65.110	+0.215%	$2K	$2.4M	20x
HTX XAG-USDT	0.0000%	4h	65.160	+0.292%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.110	+0.215%	$1.5M	$278K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.035	+0.101%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0030%	4h	65.080	+0.169%	$140.3M	$181.7M	100x	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	65.071	+0.155%	$4.6M	$10.0M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.008	+0.058%	$5.0M	$11.8M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+2.201%	$11K	$94K	52x	as long as short
MEXC SILVER_USDT	+0.0034%	4h	65.070	+0.154%	$124.5M	$162.6M	1000x	as long as short
Binance XAGUSDT	+0.0034%	4h	65.077	+0.165%	$191.5M	$755.7M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.110	+0.215%	$783K	$3.0M	40x	as long as short
Aster XAGUSDT	+0.0040%	4h	65.079	+0.168%	$2.7M	$981K	100x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.070	+0.154%	$170K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.493	+0.805%	—	—	25x	as long as short
Aevo XAG-PERP	+0.0048%	1h	65.083	+0.174%	$47K	—	10x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.041	+0.109%	$3.8M	$892K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.023	+0.082%	$3K	$6K	20x	as long as short
edgeX XAGUSDC	+0.0050%	4h	65.251	+0.433%	$664K	$312K	30x	as long as short
Paradex XAG-USD-PERP	+0.0053%	8h	65.054	+0.130%	$29K	$1K	5x	as long as short
Phoenix SILVER	+0.0061%	1h	65.076	+0.163%	$56K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0070%	1h	65.045	+0.115%	$172.9M	$84.5M	25x	as long as short
Kalshi KXSILVERPERP	+0.0080%	24h	65.092	+0.188%	$489K	$32.2M	8.1x	as long as short
Coinbase International SILVER-PERP-INTXlong	+0.0096%	1h	64.970	long leg	$1.6M	$1.4M	20x
Pacifica XAG	+0.0100%	1h	65.011	+0.063%	$463K	$598K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.030	+0.092%	$25.2M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.200	+0.354%	$111K	$19K	50x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.077	+0.164%	$1.3M	$4.9M	20x	as long as short
BloFin XAG-USDT	+0.0138%	4h	65.150	+0.277%	$2.7M	$625K	100x	as long as short
GRVT XAG_USDT_Perp	+0.0144%	4h	65.219	+0.383%	$394K	$1.6M	25x	as long as short
Nado XAG-PERP	+0.0155%	1h	65.031	+0.094%	$1.2M	$4.7M	10x	as long as short
Bitget XAGUSDT	+0.0162%	4h	65.080	+0.169%	$23.2M	$44.8M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0173%	8h	65.070	+0.154%	$28.4M	$70.4M	50x	as long as short
Lighter XAG	+0.0184%	1h	65.071	+0.155%	$5.3M	$11.3M	25x	as long as short
Aftermath Perps XAGUSD	+0.0194%	1h	65.101	+0.202%	$78K	$37K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0211%	1h	65.060	+0.139%	$65K	$397K	20x	as long as short
Hibachi XAG/USDT-P	+0.0224%	1h	65.052	+0.127%	$20K	$16K	10x	as long as short
Bullet SILVER-USD	+0.0234%	1h	65.077	+0.165%	$45K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.105	+0.208%	$92K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0364%	1h	65.068	+0.151%	$1.0M	$869K	25x	as long as short