Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0090%/8h= −9.9% APRpaid last 24h −0.020%

Price spread now: StandX against edgeX−0.042%7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$340.342% of the position

Long on edgeX Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 3 days (all we have)−0.022%−$2 · spread now −0.042%, 7d avg −0.017%

Together, before fees−0.026%+ Points / potential airdropedgeX: Active · StandX: Active · farm board−$3 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 StandX is 0.024% cheaper against edgeX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.017%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XAGUSDC	66.608	0.0130	pay 0.0065% / 4h	13m 06s	$676K	$316K	30x
Short	StandX XAG-USD	66.580	0.0040	get 0.0005% / 1h	13m 06s	$797K	$2.7M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now −0.042%Rate

Funding earned: −$18.94
Price spread: −0.042% → −0.017%: −$2.42
Slippage, 4 orders: −$17.25
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee StandX: 4 bp × 2 orders: −$8
Net: −$55.61
Costs to cover: 0.342%
Break-even: never at this rate

Slippage from edgeX: live order book, 66 min ago; StandX: 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, 66 min ago	2.26 bp	6.8 bp −$7	6.8 bp −$68	9.2 bp −$918	20.9 bp −$10.5K
Sell StandX live order book, 1 min ago	2.25 bp	12.2 bp −$12	12.2 bp −$122	33.4 bp −$3,337	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	66.560	−0.072%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.640	+0.048%	$26.5M	$34.7M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.620	+0.018%	$156.0M	$174.9M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.630	+0.033%	$2K	$3.0M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.660	+0.078%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.620	+0.018%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.556	−0.078%	$120K	—	250x	as long as short
Hotstuff SILVER-PERP	+0.0008%	1h	66.596	−0.018%	$35K	$21K	20x	as long as short
Lighter RH XAG	+0.0032%	1h	66.599	−0.013%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.557	−0.077%	$5.5M	$12.2M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.312%	$11K	$94K	52x	as long as short
Phoenix SILVER	+0.0036%	1h	66.596	−0.018%	$56K	$26K	25x	as long as short
StandX XAG-USDshort	+0.0040%	1h	66.580	−0.042%	$797K	$2.7M	40x
Vest SI-PERP	+0.0046%	1h	67.065	+0.687%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.594	−0.021%	$3.9M	$699K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.550	−0.087%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.530	−0.117%	$5.7M	$10.0M	25x	as long as short
Kalshi KXSILVERPERP	+0.0060%	24h	66.584	−0.036%	$581K	$21.3M	8.1x	as long as short
QFEX SILVER-USD	+0.0061%	1h	66.610	+0.003%	$125K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0070%	1h	66.572	−0.054%	$166.0M	$87.0M	25x	as long as short
BloFin XAG-USDT	+0.0089%	4h	66.600	−0.012%	$2.6M	$652K	100x	as long as short
Pacifica XAG	+0.0100%	1h	66.573	−0.052%	$481K	$618K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.570	−0.057%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.590	−0.027%	$127K	$26K	50x	as long as short
Variational Omni XAG	+0.0103%	4h	66.615	+0.011%	$5.6M	$10.1M	—	as long as short
Paradex XAG-USD-PERP	+0.0105%	8h	66.616	+0.013%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0113%	4h	66.611	+0.005%	$2.8M	$1.1M	100x	as long as short
Lighter XAG	+0.0120%	1h	66.603	−0.008%	$5.2M	$10.4M	25x	as long as short
Aevo XAG-PERP	+0.0120%	1h	66.612	+0.006%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0122%	4h	66.610	+0.003%	$115.5M	$153.4M	1000x	as long as short
Binance XAGUSDT	+0.0122%	4h	66.618	+0.016%	$191.8M	$723.4M	100x	as long as short
edgeX XAGUSDClong	+0.0130%	4h	66.608	long leg	$676K	$316K	30x
Bitget XAGUSDT	+0.0156%	4h	66.630	+0.033%	$24.4M	$48.2M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0160%	1h	66.610	+0.003%	$1.9M	$851K	20x	as long as short
Aftermath Perps XAGUSD	+0.0171%	1h	66.556	−0.078%	$80K	$40K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0180%	4h	66.634	+0.040%	$401K	$1.5M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0198%	8h	66.620	+0.018%	$28.0M	$66.8M	50x	as long as short
RISEx XAG/USDC	+0.0208%	1h	66.634	+0.040%	$1.3M	$4.2M	20x	as long as short
Bullet SILVER-USD	+0.0250%	1h	66.629	+0.032%	$45K	$75K	10x	as long as short
Nado XAG-PERP	+0.0254%	1h	66.577	−0.045%	$1.3M	$6.6M	10x	as long as short
Hibachi XAG/USDT-P	+0.0280%	1h	66.571	−0.055%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.625	+0.026%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0351%	1h	66.600	−0.012%	$50K	$351K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0595%	1h	66.588	−0.030%	$764K	$588K	25x	as long as short