Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0141%/8h= +15.5% APRpaid last 24h +0.036%

Price spread now: Binance against dYdX+0.167%7-day average — · you sell dearer than you buy

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

Long on dYdX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Binance is 0.167% dearer against dYdX than usual: you sell high and buy low: +$17 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX XAG-USD	65.481	0	get 0.0000% / 1h	25m 21s	$12K	$5K	5x
Short	Binance XAGUSDT	65.590	0.0141	get 0.0071% / 4h	2h 25m	$190.6M	$730.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against dYdX. 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 dYdXbpFee BinancebpOrdersPrice spread, now +0.167%Rate

Funding earned: $29.66
Price spread: +0.167% → 0.000%: $16.67
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: $26.32
Costs to cover: 0.200%
Break-even: 0.8 days

Slippage unknown: dYdX: no order-book sample; Binance: live order book, 4 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 dYdX no order-book sample	—	—	—	—	—
Sell Binance live order book, 4 min ago	0.76 bp	5.8 bp −$6	6.4 bp −$64	12.5 bp −$1,254	29.6 bp −$14.8K

dYdX: 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
Ondo Perps XAG-USD.P	−0.0022%	1h	65.480	−0.001%	$5.6M	$9.4M	25x	as long as short
dYdX XAG-USDlong	0.0000%	1h	65.481	long leg	$12K	$5K	5x
SunX XAG-USDT	0.0000%	4h	65.390	−0.139%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.440	−0.062%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.400	−0.124%	$1.5M	$266K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.524	+0.066%	$118K	—	250x	as long as short
RISEx XAG/USDC	+0.0030%	1h	65.570	+0.136%	$1.3M	$4.9M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	65.536	+0.084%	$4.7M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.493	+0.019%	$5.1M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.404%	$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
Phoenix SILVER	+0.0036%	1h	65.675	+0.296%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	65.430	−0.078%	$787K	$3.0M	40x	as long as short
Gate XAG_USDT	+0.0044%	4h	65.600	+0.182%	$142.8M	$171.6M	100x	as long as short
Vest SI-PERP	+0.0046%	1h	65.962	+0.735%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.549	+0.104%	$3.9M	$710K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.332	−0.227%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.550	+0.106%	$154K	$2.8M	20x	as long as short
Hotstuff SILVER-PERP	+0.0056%	1h	65.356	−0.191%	$35K	$21K	20x	as long as short
Paradex XAG-USD-PERP	+0.0059%	8h	65.550	+0.106%	$29K	$1K	5x	as long as short
tradeXYZ xyz:SILVER	+0.0062%	1h	65.539	+0.089%	$166.5M	$79.0M	25x	as long as short
Kalshi KXSILVERPERP	+0.0075%	24h	65.386	−0.145%	$522K	$28.0M	8.1x	as long as short
Bybit XAGUSDT	+0.0077%	4h	65.600	+0.182%	$28.2M	$39.1M	150x	as long as short
Aster XAGUSDT	+0.0093%	4h	65.580	+0.151%	$2.7M	$940K	100x	as long as short
Pacifica XAG	+0.0100%	1h	65.492	+0.017%	$466K	$619K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.530	+0.075%	$24.7M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.330	−0.230%	$112K	$30K	50x	as long as short
Lighter XAG	+0.0120%	1h	65.544	+0.097%	$5.3M	$11.1M	25x	as long as short
Variational Omni XAG	+0.0129%	4h	65.384	−0.148%	$5.6M	$9.5M	—	as long as short
Aevo XAG-PERP	+0.0136%	1h	65.393	−0.133%	$47K	—	10x	as long as short
MEXC SILVER_USDT	+0.0140%	4h	65.570	+0.136%	$113.2M	$157.7M	1000x	as long as short
Binance XAGUSDTshort	+0.0141%	4h	65.590	+0.167%	$190.6M	$730.6M	100x
edgeX XAGUSDC	+0.0145%	4h	65.373	−0.164%	$665K	$311K	30x	as long as short
Nado XAG-PERP	+0.0148%	1h	65.514	+0.051%	$1.3M	$5.5M	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.370	−0.169%	$1.7M	$1.4M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0190%	4h	65.406	−0.114%	$386K	$1.5M	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.380	−0.154%	$66K	$370K	20x	as long as short
Bitget XAGUSDT	+0.0210%	4h	65.570	+0.136%	$23.3M	$47.8M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0215%	8h	65.590	+0.167%	$27.5M	$69.6M	50x	as long as short
Aftermath Perps XAGUSD	+0.0216%	1h	65.559	+0.119%	$79K	$37K	10x	as long as short
Bullet SILVER-USD	+0.0229%	1h	65.584	+0.158%	$43K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0358% / S −0.0317%	1h	65.585	+0.159%	$87K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0360%	1h	65.325	−0.238%	$20K	$19K	10x	as long as short
BloFin XAG-USDT	+0.0365%	4h	65.420	−0.093%	$2.6M	$623K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0471%	1h	65.389	−0.141%	$914K	$750K	25x	as long as short