Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0350%/8h= +38.4% APRpaid last 24h 0.000%

Price spread now: Bybit against Extended+0.130%7-day average +0.085% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$210.215% of the position

Long on Extended Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.063%−$6 on $10k

Price spread, last 7 days−0.061%−$6 · spread now +0.130%, 7d avg +0.085%

Together, before fees−0.125%+ Points / potential airdropExtended: Active · farm board−$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Bybit is 0.045% dearer against Extended than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.085%. Mind the row above: over the last 7 days funding on this pair cost −0.063%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.063% in total (about -3.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XAG-USD	65.145	0.0032	pay 0.0004% / 1h	17m 38s	$5.0M	$12.1M	10x
Short	Bybit XAGUSDT	65.230	0.0382	get 0.0191% / 4h	3h 17m	$30.4M	$43.8M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Extended. 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 ExtendedbpFee BybitbpOrdersPrice spread, now +0.130%Rate

Funding earned: $73.59
Price spread: +0.130% → +0.085%: $4.51
Slippage, 4 orders: −$5.49
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $56.62
Costs to cover: 0.215%
Break-even: 1.6 days

Slippage from Extended: live order book, 1 min ago; Bybit: 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 Extended live order book, 1 min ago	0.08 bp	5.3 bp −$5	7.5 bp −$75	14.4 bp −$1,441	doesn't fit
Sell Bybit live order book, 1 min ago	0.77 bp	6.3 bp −$6	7.7 bp −$77	13.3 bp −$1,327	64.0 bp −$32.0K

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	65.154	+0.013%	$12K	$6K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.140	−0.008%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.220	+0.115%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.190	+0.069%	$1.5M	$346K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.064	−0.125%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0022%	4h	65.240	+0.145%	$138.2M	$189.0M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.207	+0.094%	$4.6M	$9.9M	25x	as long as short
Extended XAG-USDlong	+0.0032%	1h	65.145	long leg	$5.0M	$12.1M	10x
Injective XAG/USDC PERP	+0.0033%	1h	64.602	−0.834%	$11K	$240	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.020	−0.192%	$782K	$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	65.536	+0.600%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0047%	1h	65.210	+0.099%	$446K	$1.5M	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.107	−0.059%	$3.8M	$890K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.088	−0.088%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	65.130	−0.023%	$5.6M	$10.1M	25x	as long as short
Variational Omni XAG	+0.0065%	4h	65.026	−0.184%	$5.4M	$9.2M	—	as long as short
Paradex XAG-USD-PERP	+0.0077%	8h	65.207	+0.095%	$29K	$166	5x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0080%	1h	65.090	−0.085%	$1.6M	$1.5M	20x	as long as short
Kalshi KXSILVERPERP	+0.0087%	24h	65.183	+0.058%	$512K	$35.3M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	65.166	+0.032%	$463K	$587K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.170	+0.038%	$25.1M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	64.920	−0.346%	$111K	$19K	50x	as long as short
edgeX XAGUSDC	+0.0103%	4h	65.057	−0.135%	$663K	$315K	30x	as long as short
MEXC SILVER_USDT	+0.0104%	4h	65.200	+0.084%	$112.4M	$160.8M	1000x	as long as short
Aevo XAG-PERP	+0.0104%	1h	65.159	+0.021%	$47K	—	10x	as long as short
Binance XAGUSDT	+0.0108%	4h	65.220	+0.115%	$198.9M	$793.8M	100x	as long as short
Phoenix SILVER	+0.0111%	1h	64.979	−0.255%	$55K	$31K	25x	as long as short
Aster XAGUSDT	+0.0126%	4h	65.256	+0.169%	$2.7M	$1.1M	100x	as long as short
Hotstuff SILVER-PERP	+0.0128%	1h	65.171	+0.040%	$35K	$21K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0136%	1h	65.169	+0.037%	$173.8M	$89.1M	25x	as long as short
RISEx XAG/USDC	+0.0158%	1h	65.240	+0.146%	$1.2M	$4.9M	20x	as long as short
Nado XAG-PERP	+0.0166%	1h	65.102	−0.066%	$1.2M	$4.2M	10x	as long as short
OKX XAG-USDT-SWAP	+0.0212%	8h	65.220	+0.115%	$29.1M	$76.6M	50x	as long as short
Aftermath Perps XAGUSD	+0.0215%	1h	64.895	−0.384%	$78K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0224%	4h	65.230	+0.130%	$23.0M	$48.1M	100x	as long as short
Lighter XAG	+0.0232%	1h	65.192	+0.072%	$5.2M	$11.3M	25x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.145	0.000%	$92K	—	111x	as long as short
Bullet SILVER-USD	+0.0311%	1h	65.144	−0.002%	$45K	$75K	10x	as long as short
BloFin XAG-USDT	+0.0345%	4h	65.070	−0.115%	$2.8M	$698K	100x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0365%	1h	65.130	−0.023%	$77K	$435K	20x	as long as short
Hibachi XAG/USDT-P	+0.0376%	1h	64.982	−0.251%	$20K	$15K	10x	as long as short
Bybit XAGUSDTshort	+0.0382%	4h	65.230	+0.130%	$30.4M	$43.8M	150x
GRVT XAG_USDT_Perp	+0.0406%	4h	65.100	−0.069%	$388K	$1.6M	25x	as long as short
Kraken Futures PF_XAGUSD	+0.0418%	1h	65.139	−0.009%	$1.0M	$895K	25x	as long as short