Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.019%

Price spread now: SunX against Extended+0.105%7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$740.740% of the position

Long on Extended Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.107%−$11 on $10k

Price spread, last 4 days (all we have)+0.090%+$9 · spread now +0.105%, 7d avg +0.058%

Together, before fees−0.017%+ Points / potential airdropExtended: Active · farm board−$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.047% dearer against Extended than usual: you sell high and buy low (spread +0.105% now, against its 7-day average of +0.058%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XAG-USD	65.971	0.0032	pay 0.0004% / 1h	5m 51s	$5.2M	$11.5M	10x
Short	SunX XAG-USDT	66.040	0	get 0.0000% / 4h	5m 51s	$2K	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.105%Rate

Funding earned: −$6.72
Price spread: +0.105% → +0.058%: $4.73
Slippage, 4 orders: −$60.97
Fee Extended: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$75.95
Costs to cover: 0.740%
Break-even: never at this rate

Slippage from Extended: live order book, 3 min ago; SunX: live order book, 2 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, 3 min ago	0.08 bp	2.6 bp −$3	5.0 bp −$50	12.9 bp −$1,293	doesn't fit
Sell SunX live order book, 2 min ago	29.51 bp	33.5 bp −$34	63.2 bp −$632	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	66.018	+0.072%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.050	+0.120%	$150.0M	$163.9M	100x	as long as short
SunX XAG-USDTshort	0.0000%	4h	66.040	+0.105%	$2K	$2.7M	20x
HTX XAG-USDT	0.0000%	4h	66.130	+0.242%	$1.0M	$968K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.090	+0.181%	$1.5M	$318K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.983	+0.018%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.030	+0.091%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USDlong	+0.0032%	1h	65.971	long leg	$5.2M	$11.5M	10x
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.651%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.100	+0.196%	$795K	$3.1M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAG-USD.P	+0.0045%	1h	65.950	−0.031%	$5.7M	$9.6M	25x	as long as short
Vest SI-PERP	+0.0046%	1h	66.484	+0.778%	—	—	25x	as long as short
Hotstuff SILVER-PERP	+0.0048%	1h	66.013	+0.064%	$35K	$21K	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.020	+0.075%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.981	+0.016%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.050	+0.120%	$115K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0060%	1h	66.053	+0.125%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0072%	24h	66.015	+0.067%	$547K	$25.4M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	65.993	+0.034%	$470K	$615K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.010	+0.060%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.030	+0.090%	$113K	$30K	50x	as long as short
tradeXYZ xyz:SILVER	+0.0126%	1h	66.004	+0.051%	$165.9M	$73.5M	25x	as long as short
RISEx XAG/USDC	+0.0137%	1h	66.041	+0.106%	$1.3M	$4.6M	20x	as long as short
Paradex XAG-USD-PERP	+0.0144%	8h	66.040	+0.105%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0149%	4h	66.050	+0.120%	$2.7M	$868K	100x	as long as short
Bybit XAGUSDT	+0.0172%	4h	66.060	+0.136%	$27.1M	$36.0M	150x	as long as short
Lighter XAG	+0.0184%	1h	66.034	+0.096%	$5.3M	$10.8M	25x	as long as short
Aevo XAG-PERP	+0.0200%	1h	66.053	+0.125%	$47K	—	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.020	+0.075%	$1.8M	$1.0M	20x	as long as short
Variational Omni XAG	+0.0208%	4h	66.043	+0.111%	$5.6M	$9.5M	—	as long as short
Nado XAG-PERP	+0.0216%	1h	66.000	+0.045%	$1.4M	$6.3M	10x	as long as short
MEXC SILVER_USDT	+0.0216%	4h	66.030	+0.090%	$110.7M	$153.2M	1000x	as long as short
Binance XAGUSDT	+0.0218%	4h	66.041	+0.106%	$192.8M	$699.5M	100x	as long as short
Aftermath Perps XAGUSD	+0.0224%	1h	66.043	+0.110%	$79K	$36K	10x	as long as short
edgeX XAGUSDC	+0.0227%	4h	66.058	+0.132%	$670K	$311K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0235%	8h	66.050	+0.120%	$27.7M	$64.9M	50x	as long as short
Bitget XAGUSDT	+0.0258%	4h	66.040	+0.105%	$23.8M	$45.4M	100x	as long as short
BloFin XAG-USDT	+0.0265%	4h	66.120	+0.227%	$2.6M	$554K	100x	as long as short
GRVT XAG_USDT_Perp	+0.0276%	4h	66.090	+0.181%	$389K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0290%	1h	66.055	+0.128%	$44K	$76K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0356%	1h	66.030	+0.090%	$75K	$362K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0383% / S −0.0424%	1h	66.055	+0.128%	$103K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0392%	1h	66.020	+0.075%	$20K	$19K	10x	as long as short
Kraken Futures PF_XAGUSD	+0.0485%	1h	66.018	+0.072%	$911K	$683K	25x	as long as short