Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0098%/8h= −10.7% APRpaid last 24h −0.026%

Price spread now: Lighter RH against edgeX−0.071%110s7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$180.176% of the position

Long on edgeX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 4 days (all we have)+0.006%+$1 · spread now −0.071%, 7d avg −0.024%

Together, before fees−0.011%+ Points / potential airdropedgeX: Active · Lighter RH: Points live · farm board−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Lighter RH is 0.047% cheaper against edgeX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.024%). Swap the legs. The two prices were read 110 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XAGUSDC	65.649	0.0130	pay 0.0065% / 4h	1h 43m	$669K	$315K	30x
Short	Lighter RH XAG	65.602	0.0032	get 0.0004% / 1h	43m 42s	$4.6M	$9.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.071%Rate

Funding earned: −$20.59
Price spread: −0.071% → −0.024%: −$4.7
Slippage, 4 orders: −$8.61
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$42.9
Costs to cover: 0.176%
Break-even: never at this rate

Slippage from edgeX: live order book, 3 min ago; Lighter RH: live order book, 3 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, 3 min ago	2.29 bp	6.8 bp −$7	6.8 bp −$68	9.2 bp −$922	21.2 bp −$10.6K
Sell Lighter RH live order book, 3 min ago	1.37 bp	2.7 bp −$3	3.2 bp −$32	16.7 bp −$1,671	doesn't fit

XAG on 44 exchanges

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
Hotstuff SILVER-PERP	−3.2000%	1h	65.532	−0.178%	$36K	$23K	20x	as long as short
Ondo Perps XAG-USD.P	−0.0002%	1h	65.490	−0.242%	$5.7M	$11.0M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.525	−0.188%	$13K	$8K	5x	as long as short
Gate XAG_USDT	0.0000%	4h	65.610	−0.059%	$138.3M	$204.8M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.610	−0.059%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.630	−0.028%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.630	−0.028%	$1.5M	$252K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.566	−0.126%	$119K	—	250x	as long as short
Lighter RH XAGshort	+0.0032%	1h	65.602	−0.071%	$4.6M	$9.5M	25x
Extended XAG-USD	+0.0032%	1h	65.532	−0.178%	$5.1M	$11.8M	10x	as long as short

Show all 44 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	64.602	−1.594%	$11K	$240	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.590	−0.089%	$789K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.026	+0.575%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.560	−0.135%	$3.8M	$893K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.551	−0.149%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.590	−0.089%	$446K	$1.4M	20x	as long as short
Paradex XAG-USD-PERP	+0.0056%	8h	65.580	−0.105%	$29K	—	5x	as long as short
tradeXYZ xyz:SILVER	+0.0059%	1h	65.567	−0.124%	$174.3M	$94.1M	25x	as long as short
Variational Omni XAG	+0.0081%	4h	65.578	−0.107%	$5.7M	$9.1M	—	as long as short
Pacifica XAG	+0.0100%	1h	65.544	−0.160%	$466K	$567K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.560	−0.135%	$25.4M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.620	−0.044%	$112K	$19K	50x	as long as short
Kalshi KXSILVERPERP	+0.0100%	24h	65.594	−0.083%	$718K	$38.7M	8.1x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	65.690	+0.063%	$1.6M	$1.9M	20x	as long as short
Aster XAGUSDT	+0.0104%	4h	65.600	−0.074%	$2.7M	$1.1M	100x	as long as short
Binance XAGUSDT	+0.0105%	4h	65.602	−0.070%	$191.2M	$864.0M	100x	as long as short
MEXC SILVER_USDT	+0.0106%	4h	65.590	−0.089%	$121.7M	$163.3M	1000x	as long as short
Aevo XAG-PERP	+0.0112%	1h	65.604	−0.068%	$47K	—	10x	as long as short
Bybit XAGUSDT	+0.0116%	4h	65.620	−0.044%	$30.6M	$48.2M	150x	as long as short
RISEx XAG/USDC	+0.0116%	1h	65.600	−0.074%	$1.2M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0122%	1h	65.545	−0.158%	$55K	$14K	25x	as long as short
GRVT XAG_USDT_Perp	+0.0130%	4h	65.656	+0.012%	$396K	$1.5M	25x	as long as short
edgeX XAGUSDClong	+0.0130%	4h	65.649	long leg	$669K	$315K	30x
Nado XAG-PERP	+0.0139%	1h	65.557	−0.139%	$1.2M	$3.6M	10x	as long as short
Lighter XAG	+0.0144%	1h	65.601	−0.072%	$5.1M	$11.6M	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0208%	1h	65.600	−0.074%	$77K	$414K	20x	as long as short
Bullet SILVER-USD	+0.0208%	1h	65.610	−0.059%	$44K	$73K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0211%	8h	65.600	−0.074%	$27.9M	$85.7M	50x	as long as short
Aftermath Perps XAGUSD	+0.0223%	1h	65.609	−0.060%	$79K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0240%	4h	65.600	−0.074%	$23.2M	$52.8M	100x	as long as short
Hibachi XAG/USDT-P	+0.0256%	1h	65.554	−0.143%	$21K	$12K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0270% / S −0.0238%	1h	65.615	−0.051%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0349%	4h	65.590	−0.089%	$2.7M	$771K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0548%	1h	65.581	−0.103%	$1.0M	$943K	25x	as long as short