Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0112%/8h= +12.3% APRpaid last 24h +0.027%

Price spread now: Bullet against edgeX−0.241%7-day average — · you buy dearer than you sell

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

Long on edgeX Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. Bullet is 0.241% cheaper against edgeX than usual: you would sell low and buy high (spread −0.241% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$24 on $10k: about 7.2 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XAGUSDC	66.514	0.0166	pay 0.0083% / 4h	2h 36m	$675K	$314K	30x
Short	Bullet SILVER-USD	66.353	0.0278	get 0.0035% / 1h	36m 41s	$45K	$76K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against edgeX. 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 edgeXbpFee BulletbpOrdersPrice spread, now −0.241%Rate

Funding earned: $23.55
Price spread: −0.241% → 0.000%: −$24.13
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$17.58
Costs to cover: 0.170%
Break-even: 12.2 days

Slippage unknown: edgeX: live order book, 32 min ago; Bullet: no order-book sample. 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 edgeX live order book, 32 min ago	2.25 bp	6.8 bp −$7	6.8 bp −$68	9.2 bp −$916	20.8 bp −$10.4K
Sell Bullet no order-book sample	—	—	—	—	—

Bullet: 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
dYdX XAG-USD	0.0000%	1h	66.294	−0.329%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.400	−0.171%	$153.4M	$162.3M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.360	−0.231%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.410	−0.156%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.370	−0.216%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.278	−0.354%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.348	−0.249%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.323	−0.286%	$5.4M	$12.3M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.171%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.420	−0.141%	$799K	$2.9M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SI-PERP	+0.0046%	1h	66.810	+0.446%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.413	−0.151%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.314	−0.300%	$3.9M	$669K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.275	−0.359%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.280	−0.351%	$5.7M	$9.5M	25x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.400	−0.171%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0061%	24h	66.336	−0.267%	$562K	$23.2M	8.1x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.403	−0.166%	$1.2M	$4.3M	20x	as long as short
Bybit XAGUSDT	+0.0088%	4h	66.420	−0.141%	$26.4M	$35.9M	150x	as long as short
tradeXYZ xyz:SILVER	+0.0094%	1h	66.338	−0.264%	$165.6M	$76.0M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.342	−0.258%	$472K	$605K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.350	−0.246%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.470	−0.065%	$126K	$23K	50x	as long as short
BloFin XAG-USDT	+0.0103%	4h	66.570	+0.085%	$2.6M	$624K	100x	as long as short
Aster XAGUSDT	+0.0114%	4h	66.360	−0.231%	$2.7M	$967K	100x	as long as short
Paradex XAG-USD-PERP	+0.0123%	8h	66.374	−0.209%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0129%	4h	66.505	−0.013%	$5.5M	$9.8M	—	as long as short
Aevo XAG-PERP	+0.0144%	1h	66.333	−0.271%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0152%	4h	66.390	−0.186%	$102.2M	$158.1M	1000x	as long as short
Binance XAGUSDT	+0.0154%	4h	66.395	−0.178%	$192.6M	$708.3M	100x	as long as short
Lighter XAG	+0.0160%	1h	66.386	−0.192%	$5.3M	$10.5M	25x	as long as short
edgeX XAGUSDClong	+0.0166%	4h	66.514	long leg	$675K	$314K	30x
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.520	+0.010%	$1.9M	$967K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0198%	8h	66.400	−0.171%	$28.0M	$65.9M	50x	as long as short
Aftermath Perps XAGUSD	+0.0221%	1h	66.427	−0.130%	$80K	$38K	10x	as long as short
Hotstuff SILVER-PERP	+0.0224%	1h	66.368	−0.219%	$35K	$21K	20x	as long as short
Bitget XAGUSDT	+0.0226%	4h	66.390	−0.186%	$24.0M	$46.1M	100x	as long as short
Nado XAG-PERP	+0.0229%	1h	66.324	−0.285%	$1.3M	$6.5M	10x	as long as short
GRVT XAG_USDT_Perp	+0.0242%	4h	66.526	+0.018%	$391K	$1.5M	25x	as long as short
Hibachi XAG/USDT-P	+0.0272%	1h	66.473	−0.062%	$20K	$22K	10x	as long as short
Bullet SILVER-USDshort	+0.0278%	1h	66.353	−0.241%	$45K	$76K	10x
GMX SILVER/USD [ETH-USDC]	L +0.0292% / S −0.0281%	1h	66.345	−0.253%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0463%	1h	66.308	−0.309%	$765K	$471K	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0504%	1h	66.340	−0.261%	$50K	$325K	20x	as long as short