Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0006%/8h= +0.7% APRpaid last 24h −0.033%

Price spread now: Bybit against Hibachi+0.247%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Hibachi Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHibachi: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.247% dearer against Hibachi than usual: you sell high and buy low, +$25 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi XAG/USDT-P	64.890	0.0368	pay 0.0046% / 1h	20m 24s	$20K	$15K	10x
Short	Bybit XAGUSDT	65.050	0.0374	get 0.0187% / 4h	3h 20m	$30.2M	$43.7M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Hibachi. 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 HibachibpFee BybitbpOrdersPrice spread, now +0.247%Rate

Funding earned: $1.35
Price spread: +0.247% → 0.000%: $24.66
Slippage, 4 orders: no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $6.01
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: Hibachi: no order-book sample; Bybit: live order book, 3 min ago. Net counts fees only.

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 Hibachi no order-book sample	—	—	—	—	—
Sell Bybit live order book, 3 min ago	0.77 bp	6.3 bp −$6	8.2 bp −$82	15.4 bp −$1,541	65.7 bp −$32.9K

Hibachi: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	64.926	+0.055%	$12K	$6K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.030	+0.216%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.030	+0.216%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.030	+0.216%	$1.5M	$346K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	64.953	+0.098%	$117K	—	250x	as long as short
Gate XAG_USDT	+0.0016%	4h	65.050	+0.247%	$138.8M	$187.9M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.002	+0.173%	$4.6M	$9.9M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	64.958	+0.105%	$5.0M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	64.602	−0.444%	$11K	$240	52x	as long as short
StandX XAG-USD	+0.0040%	1h	64.970	+0.123%	$781K	$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	65.431	+0.834%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0047%	1h	65.000	+0.170%	$446K	$1.5M	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	64.990	+0.154%	$3.8M	$890K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	64.953	+0.097%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	64.900	+0.015%	$5.6M	$10.1M	25x	as long as short
Variational Omni XAG	+0.0065%	4h	65.026	+0.209%	$5.4M	$9.2M	—	as long as short
edgeX XAGUSDC	+0.0071%	4h	64.801	−0.138%	$660K	$314K	30x	as long as short
Paradex XAG-USD-PERP	+0.0076%	8h	65.002	+0.173%	$29K	$166	5x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0080%	1h	64.840	−0.077%	$1.6M	$1.5M	20x	as long as short
Kalshi KXSILVERPERP	+0.0087%	24h	64.950	+0.092%	$489K	$35.1M	8.1x	as long as short
MEXC SILVER_USDT	+0.0094%	4h	65.010	+0.185%	$123.8M	$160.2M	1000x	as long as short
Pacifica XAG	+0.0100%	1h	64.949	+0.091%	$463K	$591K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.000	+0.170%	$25.1M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	64.750	−0.216%	$111K	$19K	50x	as long as short
Binance XAGUSDT	+0.0102%	4h	65.028	+0.213%	$198.3M	$788.0M	100x	as long as short
Aevo XAG-PERP	+0.0104%	1h	65.017	+0.196%	$47K	—	10x	as long as short
Phoenix SILVER	+0.0111%	1h	64.615	−0.424%	$55K	$31K	25x	as long as short
Aster XAGUSDT	+0.0117%	4h	65.020	+0.200%	$2.6M	$1.0M	100x	as long as short
Hotstuff SILVER-PERP	+0.0128%	1h	64.968	+0.120%	$35K	$21K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0136%	1h	64.996	+0.163%	$173.3M	$88.9M	25x	as long as short
RISEx XAG/USDC	+0.0158%	1h	65.030	+0.216%	$1.2M	$4.9M	20x	as long as short
Nado XAG-PERP	+0.0166%	1h	64.979	+0.137%	$1.2M	$4.2M	10x	as long as short
OKX XAG-USDT-SWAP	+0.0210%	8h	65.040	+0.231%	$29.0M	$75.9M	50x	as long as short
Aftermath Perps XAGUSD	+0.0218%	1h	64.827	−0.097%	$78K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0220%	4h	65.030	+0.216%	$22.9M	$48.0M	100x	as long as short
Lighter XAG	+0.0232%	1h	64.985	+0.146%	$5.2M	$11.3M	25x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0237% / S −0.0196%	1h	65.025	+0.208%	$92K	—	111x	as long as short
GRVT XAG_USDT_Perp	+0.0298%	4h	64.847	−0.067%	$386K	$1.6M	25x	as long as short
Bullet SILVER-USD	+0.0310%	1h	65.025	+0.208%	$45K	$75K	10x	as long as short
BloFin XAG-USDT	+0.0336%	4h	64.980	+0.139%	$2.7M	$697K	100x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0366%	1h	65.010	+0.185%	$76K	$435K	20x	as long as short
Hibachi XAG/USDT-Plong	+0.0368%	1h	64.890	long leg	$20K	$15K	10x
Bybit XAGUSDTshort	+0.0374%	4h	65.050	+0.247%	$30.2M	$43.7M	150x
Kraken Futures PF_XAGUSD	+0.0419%	1h	65.003	+0.174%	$1.0M	$894K	25x	as long as short