Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0060%/8h= +6.5% APRpaid last 24h +0.016%

Price spread now: Coinbase International against edgeX−0.070%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$10as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$280.277% of the position

Long on edgeX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.173%+$17 on $10k

Price spread, last 4 days (all we have)+0.046%+$5 · spread now −0.070%, 7d avg −0.023%

Together, before fees+0.218%+ Points / potential airdropedgeX: Active · farm board+$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.047% cheaper against edgeX than usual: you would sell low and buy high (spread −0.070% now, against its 7-day average of −0.023%). If the spread goes back, that is −$5 on $10k: about 2.6 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XAGUSDC	65.076	0.0036	pay 0.0018% / 4h	2m 35s	$662K	$313K	30x
Short	Coinbase International SILVER-PERP-INTX	65.030	0.0096	get 0.0012% / 1h	2m 35s	$1.6M	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.070%Rate

Funding earned: $12.5
Price spread: −0.070% → −0.023%: −$4.7
Slippage, 4 orders: −$8.72
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$19.92
Costs to cover: 0.277%
Break-even: 18.2 days

Slippage from edgeX: live order book, 36 min ago; Coinbase International: live order book, 1 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 edgeX live order book, 36 min ago	2.30 bp	6.8 bp −$7	6.8 bp −$68	9.2 bp −$924	21.2 bp −$10.6K
Sell Coinbase International live order book, 1 min ago	0.77 bp	8.4 bp −$8	9.8 bp −$98	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	−0.0018%	1h	64.950	−0.193%	$5.6M	$9.9M	25x	as long as short
Hotstuff SILVER-PERP	−0.0008%	1h	65.057	−0.029%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	64.997	−0.121%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.070	−0.009%	$27.7M	$39.0M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.110	+0.053%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.130	+0.083%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.110	+0.053%	$1.5M	$282K	100x	as long as short
Variational Omni XAG	+0.0003%	4h	65.056	−0.030%	$5.5M	$9.1M	—	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.031	−0.069%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0030%	4h	65.070	−0.009%	$140.2M	$182.2M	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	65.054	−0.033%	$4.6M	$10.0M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	64.990	−0.132%	$4.9M	$11.8M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+2.035%	$11K	$94K	52x	as long as short
edgeX XAGUSDClong	+0.0036%	4h	65.076	long leg	$662K	$313K	30x
MEXC SILVER_USDT	+0.0038%	4h	65.050	−0.040%	$126.3M	$162.9M	1000x	as long as short
StandX XAG-USD	+0.0040%	1h	65.100	+0.037%	$783K	$3.0M	40x	as long as short
Binance XAGUSDT	+0.0041%	4h	65.050	−0.040%	$191.4M	$757.1M	100x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.040	−0.055%	$171K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.496	+0.646%	—	—	25x	as long as short
Aster XAGUSDT	+0.0048%	4h	65.050	−0.040%	$2.6M	$982K	100x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.069	−0.010%	$3.8M	$890K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.028	−0.073%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0055%	8h	65.041	−0.053%	$29K	$1K	5x	as long as short
Aevo XAG-PERP	+0.0056%	1h	65.088	+0.019%	$47K	—	10x	as long as short
Phoenix SILVER	+0.0061%	1h	65.054	−0.033%	$55K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0075%	1h	65.026	−0.076%	$172.9M	$84.8M	25x	as long as short
Kalshi KXSILVERPERP	+0.0081%	24h	65.049	−0.041%	$489K	$32.2M	8.1x	as long as short
Coinbase International SILVER-PERP-INTXshort	+0.0096%	1h	65.030	−0.070%	$1.6M	$1.4M	20x
Pacifica XAG	+0.0100%	1h	64.997	−0.121%	$462K	$598K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.020	−0.086%	$25.2M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.070	−0.009%	$111K	$19K	50x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.053	−0.035%	$1.3M	$4.9M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0144%	4h	65.099	+0.035%	$385K	$1.6M	25x	as long as short
BloFin XAG-USDT	+0.0157%	4h	65.120	+0.068%	$2.7M	$626K	100x	as long as short
Nado XAG-PERP	+0.0157%	1h	64.994	−0.126%	$1.2M	$4.7M	10x	as long as short
Bitget XAGUSDT	+0.0168%	4h	65.060	−0.024%	$23.2M	$44.9M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0177%	8h	65.070	−0.009%	$28.2M	$70.8M	50x	as long as short
Lighter XAG	+0.0192%	1h	65.053	−0.035%	$5.3M	$11.3M	25x	as long as short
Aftermath Perps XAGUSD	+0.0199%	1h	65.079	+0.005%	$78K	$37K	10x	as long as short
Hibachi XAG/USDT-P	+0.0232%	1h	65.020	−0.086%	$20K	$15K	10x	as long as short
Bullet SILVER-USD	+0.0238%	1h	65.109	+0.051%	$44K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.105	+0.045%	$92K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0364%	1h	65.080	+0.006%	$1.0M	$869K	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0365%	1h	65.080	+0.006%	$66K	$399K	20x	as long as short