Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0136%/8h= +14.9% APRpaid last 24h +0.047%

Price spread now: Deribit against edgeX−0.068%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$220.220% of the position

Long on edgeX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.090%+$9 on $10k

Price spread, last 4 days (all we have)+0.146%+$15 · spread now −0.068%, 7d avg −0.001%

Together, before fees+0.236%+ Points / potential airdropedgeX: Active · farm board+$24 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.066% cheaper against edgeX than usual: you would sell low and buy high (spread −0.068% now, against its 7-day average of −0.001%). If the spread goes back, that is −$7 on $10k: about 39 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XAGUSDC	66.135	0.0220	pay 0.0110% / 4h	35m 12s	$671K	$311K	30x
Short	Deribit SILVER_USDC-PERPETUAL	66.090	0.0356	get 0.0044% / 1h	35m 12s	$62K	$348K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.068%Rate

Funding earned: $28.56
Price spread: −0.068% → −0.001%: −$6.65
Slippage, 4 orders: −$6.04
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$0.14
Costs to cover: 0.220%
Break-even: 7.0 days

Slippage from edgeX: live order book, 24 min ago; Deribit: live order book, 23 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, 24 min ago	2.27 bp	6.8 bp −$7	6.8 bp −$68	9.2 bp −$918	21.0 bp −$10.5K
Sell Deribit live order book, 23 min ago	0.76 bp	4.3 bp −$4	5.9 bp −$59	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
dYdX XAG-USD	0.0000%	1h	66.022	−0.170%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.120	−0.022%	$150.0M	$163.2M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.110	−0.037%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.140	+0.008%	$1.0M	$978K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.120	−0.022%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.040	−0.143%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.094	−0.061%	$4.8M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.035	−0.151%	$5.2M	$11.7M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.401%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.130	−0.007%	$795K	$3.0M	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	66.532	+0.601%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.065	−0.105%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.041	−0.142%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	65.980	−0.234%	$5.7M	$9.6M	25x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.090	−0.068%	$115K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0060%	1h	66.050	−0.128%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0069%	24h	66.065	−0.105%	$518K	$25.5M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	66.038	−0.146%	$470K	$619K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.080	−0.083%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.070	−0.098%	$113K	$30K	50x	as long as short
Hotstuff SILVER-PERP	+0.0120%	1h	66.074	−0.092%	$35K	$21K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0133%	1h	66.078	−0.086%	$165.4M	$73.9M	25x	as long as short
RISEx XAG/USDC	+0.0137%	1h	66.106	−0.043%	$1.3M	$4.5M	20x	as long as short
Aster XAGUSDT	+0.0147%	4h	66.100	−0.052%	$2.7M	$876K	100x	as long as short
Paradex XAG-USD-PERP	+0.0152%	8h	66.087	−0.073%	$30K	$1K	5x	as long as short
Bybit XAGUSDT	+0.0157%	4h	66.130	−0.007%	$27.0M	$36.2M	150x	as long as short
Nado XAG-PERP	+0.0194%	1h	66.038	−0.146%	$1.3M	$6.5M	10x	as long as short
Lighter XAG	+0.0200%	1h	66.102	−0.050%	$5.2M	$10.5M	25x	as long as short
Aevo XAG-PERP	+0.0200%	1h	66.103	−0.048%	$47K	—	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.130	−0.007%	$1.8M	$999K	20x	as long as short
BloFin XAG-USDT	+0.0201%	4h	66.110	−0.037%	$2.6M	$554K	100x	as long as short
Variational Omni XAG	+0.0210%	4h	66.123	−0.017%	$5.6M	$9.7M	—	as long as short
MEXC SILVER_USDT	+0.0216%	4h	66.100	−0.052%	$109.2M	$152.5M	1000x	as long as short
Binance XAGUSDT	+0.0217%	4h	66.109	−0.039%	$192.7M	$701.1M	100x	as long as short
edgeX XAGUSDClong	+0.0220%	4h	66.135	long leg	$671K	$311K	30x
Aftermath Perps XAGUSD	+0.0230%	1h	66.074	−0.092%	$80K	$37K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0231%	8h	66.120	−0.022%	$27.8M	$65.4M	50x	as long as short
Bitget XAGUSDT	+0.0260%	4h	66.100	−0.052%	$23.8M	$45.6M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0286%	4h	66.160	+0.038%	$389K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0310%	1h	66.109	−0.038%	$45K	$76K	10x	as long as short
Deribit SILVER_USDC-PERPETUALshort	+0.0356%	1h	66.090	−0.068%	$62K	$348K	20x
GMX SILVER/USD [ETH-USDC]	L +0.0375% / S −0.0409%	1h	66.115	−0.030%	$103K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0376%	1h	66.080	−0.083%	$20K	$19K	10x	as long as short
Kraken Futures PF_XAGUSD	+0.0485%	1h	66.067	−0.102%	$911K	$676K	25x	as long as short