Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0365%/8h= +40.0% APRpaid last 24h +0.081%

Price spread now: Deribit against HTX−0.061%7-day average −0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$360.359% of the position

Long on HTX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.150%+$15 on $10k

Price spread, last 4 days (all we have)+0.036%+$4 · spread now −0.061%, 7d avg −0.060%

Together, before fees+0.186%+$19 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.060%, so right now this pair is about funding alone: +$11 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XAG-USDT	65.100	0	get 0.0000% / 4h	3m 39s	$1.1M	$1.3M	75x
Short	Deribit SILVER_USDC-PERPETUAL	65.060	0.0365	get 0.0046% / 1h	3m 39s	$65K	$399K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against HTX. 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 HTXbpFee DeribitbpOrdersPrice spread, now −0.061%Rate

Funding earned: $76.69
Price spread: −0.061% → −0.060%: −$0.11
Slippage, 4 orders: −$16.94
Fee HTX: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $40.64
Costs to cover: 0.359%
Break-even: 3.3 days

Slippage from HTX: live order book, 5 min ago; Deribit: live order book, 35 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 HTX live order book, 5 min ago	3.84 bp	9.8 bp −$10	9.8 bp −$98	12.8 bp −$1,282	doesn't fit
Sell Deribit live order book, 35 min ago	0.76 bp	4.3 bp −$4	4.6 bp −$46	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
Ondo Perps XAG-USD.P	−0.0021%	1h	64.970	−0.200%	$5.6M	$9.9M	25x	as long as short
Hotstuff SILVER-PERP	−0.0008%	1h	65.059	−0.063%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	64.997	−0.158%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.090	−0.015%	$27.7M	$39.0M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.080	−0.031%	$2K	$2.4M	20x	as long as short
HTX XAG-USDTlong	0.0000%	4h	65.100	long leg	$1.1M	$1.3M	75x
Phemex XAGUSDT	0.0000%	4h	65.090	−0.015%	$1.5M	$281K	100x	as long as short
Variational Omni XAG	+0.0003%	4h	65.056	−0.067%	$5.5M	$9.1M	—	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.007	−0.144%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0030%	4h	65.080	−0.031%	$140.2M	$182.1M	100x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XAG	+0.0032%	1h	65.062	−0.058%	$4.6M	$10.0M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.004	−0.148%	$5.0M	$11.8M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.997%	$11K	$94K	52x	as long as short
MEXC SILVER_USDT	+0.0036%	4h	65.080	−0.031%	$126.3M	$162.9M	1000x	as long as short
edgeX XAGUSDC	+0.0036%	4h	65.076	−0.037%	$662K	$313K	30x	as long as short
Binance XAGUSDT	+0.0039%	4h	65.074	−0.039%	$191.5M	$756.2M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.070	−0.046%	$783K	$3.0M	40x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.090	−0.015%	$171K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.474	+0.575%	—	—	25x	as long as short
Aster XAGUSDT	+0.0047%	4h	65.070	−0.046%	$2.6M	$982K	100x	as long as short
Aevo XAG-PERP	+0.0048%	1h	65.060	−0.061%	$47K	—	10x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.045	−0.084%	$3.8M	$890K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.006	−0.144%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0054%	8h	65.062	−0.058%	$29K	$1K	5x	as long as short
Phoenix SILVER	+0.0061%	1h	65.054	−0.071%	$55K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0074%	1h	65.033	−0.103%	$172.9M	$84.7M	25x	as long as short
Kalshi KXSILVERPERP	+0.0081%	24h	65.038	−0.095%	$489K	$32.2M	8.1x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	65.030	−0.108%	$1.6M	$1.4M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.020	−0.123%	$463K	$598K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.020	−0.123%	$25.2M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.070	−0.046%	$111K	$19K	50x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.104	+0.006%	$1.3M	$4.9M	20x	as long as short
BloFin XAG-USDT	+0.0141%	4h	65.090	−0.015%	$2.7M	$625K	100x	as long as short
GRVT XAG_USDT_Perp	+0.0144%	4h	65.099	−0.002%	$385K	$1.6M	25x	as long as short
Nado XAG-PERP	+0.0156%	1h	65.030	−0.108%	$1.2M	$4.7M	10x	as long as short
Bitget XAGUSDT	+0.0168%	4h	65.090	−0.015%	$23.2M	$44.9M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0175%	8h	65.080	−0.031%	$28.2M	$70.7M	50x	as long as short
Lighter XAG	+0.0184%	1h	65.058	−0.064%	$5.3M	$11.3M	25x	as long as short
Aftermath Perps XAGUSD	+0.0198%	1h	65.058	−0.064%	$78K	$37K	10x	as long as short
Hibachi XAG/USDT-P	+0.0224%	1h	65.010	−0.138%	$20K	$16K	10x	as long as short
Bullet SILVER-USD	+0.0237%	1h	65.086	−0.021%	$44K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.075	−0.038%	$92K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0365%	1h	65.054	−0.071%	$1.0M	$869K	25x	as long as short
Deribit SILVER_USDC-PERPETUALshort	+0.0365%	1h	65.060	−0.061%	$65K	$399K	20x