Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.023%

Price spread now: Lighter RH against Extended+0.071%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$4as in the Price arb table

costs, in and out, $10k−$90.095% of the position

Long on Extended Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 7 days−0.054%−$5 · spread now +0.071%, 7d avg +0.016%

Together, before fees−0.093%+ Points / potential airdropExtended: Active · Lighter RH: Points live · farm board−$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter RH is 0.054% dearer against Extended than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XAG-USD	66.541	0.0032	pay 0.0004% / 1h	12m 18s	$5.5M	$12.2M	10x
Short	Lighter RH XAG	66.588	0.0032	get 0.0004% / 1h	12m 18s	$4.8M	$9.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.071%Rate

Funding earned: $0
Price spread: +0.071% → +0.016%: $5.44
Slippage, 4 orders: −$4.48
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$4.04
Costs to cover: 0.095%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; Lighter RH: live order book, 6 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, 2 min ago	0.08 bp	2.6 bp −$3	4.6 bp −$46	11.9 bp −$1,194	doesn't fit
Sell Lighter RH live order book, 6 min ago	1.73 bp	2.0 bp −$2	2.5 bp −$25	17.0 bp −$1,703	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	+0.028%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.620	+0.118%	$26.5M	$34.7M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.620	+0.118%	$156.0M	$174.9M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.610	+0.103%	$2K	$3.0M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.620	+0.118%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.610	+0.103%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.540	−0.002%	$120K	—	250x	as long as short
Lighter RH XAGshort	+0.0032%	1h	66.588	+0.071%	$4.8M	$9.6M	25x
Extended XAG-USDlong	+0.0032%	1h	66.541	long leg	$5.5M	$12.2M	10x
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.212%	$11K	$94K	52x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix SILVER	+0.0036%	1h	66.596	+0.082%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	66.570	+0.043%	$797K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	67.050	+0.764%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.575	+0.051%	$3.9M	$699K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.542	+0.001%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.510	−0.047%	$5.7M	$10.0M	25x	as long as short
Kalshi KXSILVERPERP	+0.0060%	24h	66.570	+0.043%	$581K	$21.3M	8.1x	as long as short
QFEX SILVER-USD	+0.0061%	1h	66.590	+0.073%	$124K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0071%	1h	66.568	+0.040%	$165.9M	$87.0M	25x	as long as short
Hotstuff SILVER-PERP	+0.0088%	1h	66.584	+0.064%	$35K	$21K	20x	as long as short
BloFin XAG-USDT	+0.0089%	4h	66.600	+0.088%	$2.6M	$652K	100x	as long as short
Pacifica XAG	+0.0100%	1h	66.548	+0.010%	$481K	$618K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.560	+0.028%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.590	+0.073%	$127K	$26K	50x	as long as short
Variational Omni XAG	+0.0103%	4h	66.615	+0.111%	$5.6M	$10.1M	—	as long as short
Paradex XAG-USD-PERP	+0.0106%	8h	66.595	+0.081%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0113%	4h	66.608	+0.100%	$2.8M	$1.1M	100x	as long as short
Lighter XAG	+0.0120%	1h	66.592	+0.076%	$5.2M	$10.4M	25x	as long as short
Aevo XAG-PERP	+0.0120%	1h	66.606	+0.097%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0122%	4h	66.600	+0.088%	$115.6M	$153.5M	1000x	as long as short
Binance XAGUSDT	+0.0123%	4h	66.600	+0.088%	$191.8M	$723.1M	100x	as long as short
edgeX XAGUSDC	+0.0130%	4h	66.608	+0.100%	$676K	$316K	30x	as long as short
Bitget XAGUSDT	+0.0158%	4h	66.630	+0.133%	$24.4M	$48.2M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0160%	1h	66.610	+0.103%	$1.9M	$851K	20x	as long as short
Aftermath Perps XAGUSD	+0.0172%	1h	66.576	+0.053%	$80K	$40K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0180%	4h	66.634	+0.140%	$401K	$1.5M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0198%	8h	66.620	+0.118%	$28.0M	$66.8M	50x	as long as short
RISEx XAG/USDC	+0.0208%	1h	66.611	+0.105%	$1.3M	$4.2M	20x	as long as short
Bullet SILVER-USD	+0.0250%	1h	66.614	+0.109%	$45K	$75K	10x	as long as short
Nado XAG-PERP	+0.0255%	1h	66.552	+0.016%	$1.3M	$6.6M	10x	as long as short
Hibachi XAG/USDT-P	+0.0280%	1h	66.571	+0.045%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.615	+0.111%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0501%	1h	66.600	+0.088%	$50K	$351K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0595%	1h	66.577	+0.054%	$764K	$588K	25x	as long as short