Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.033%

Price spread now: Extended against HTX−0.194%7-day average −0.095% · you buy dearer than you sell

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$270.273% of the position

Long on HTX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.111%+$11 on $10k

Price spread, last 3 days (all we have)+0.035%+$3 · spread now −0.194%, 7d avg −0.095%

Together, before fees+0.145%+ Points / potential airdropExtended: Active · farm board+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.099% cheaper against HTX than usual: you would sell low and buy high (spread −0.194% now, against its 7-day average of −0.095%). If the spread goes back, that is −$10 on $10k: about 10 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XAG-USDT	66.470	0	get 0.0000% / 4h	38m 27s	$1.0M	$1.1M	75x
Short	Extended XAG-USD	66.341	0.0032	get 0.0004% / 1h	38m 27s	$5.5M	$12.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.194%Rate

Funding earned: $6.72
Price spread: −0.194% → −0.095%: −$9.91
Slippage, 4 orders: −$10.28
Fee HTX: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$30.47
Costs to cover: 0.273%
Break-even: 38.7 days

Slippage from HTX: live order book, just now; Extended: 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 HTX live order book, just now	3.76 bp	9.8 bp −$10	9.8 bp −$98	12.7 bp −$1,269	doesn't fit
Sell Extended live order book, 6 min ago	0.08 bp	3.2 bp −$3	4.5 bp −$45	9.8 bp −$979	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	66.370	−0.151%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.420	−0.075%	$25.9M	$33.7M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.410	−0.090%	$147.1M	$170.3M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.440	−0.045%	$2K	$3.1M	20x	as long as short
HTX XAG-USDTlong	0.0000%	4h	66.470	long leg	$1.0M	$1.1M	75x
Phemex XAGUSDT	0.0000%	4h	66.440	−0.045%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.361	−0.165%	$120K	—	250x	as long as short
Hotstuff SILVER-PERP	+0.0024%	1h	66.371	−0.149%	$35K	$21K	20x	as long as short
Lighter RH XAG	+0.0032%	1h	66.395	−0.113%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USDshort	+0.0032%	1h	66.341	−0.194%	$5.5M	$12.3M	10x

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.105%	$11K	$94K	52x	as long as short
Phoenix SILVER	+0.0036%	1h	66.418	−0.078%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	66.410	−0.090%	$795K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.844	+0.563%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.367	−0.155%	$3.9M	$699K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.352	−0.178%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.310	−0.241%	$5.7M	$10.0M	25x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.390	−0.120%	$593K	$21.2M	8.1x	as long as short
QFEX SILVER-USD	+0.0061%	1h	66.400	−0.105%	$124K	$2.8M	20x	as long as short
BloFin XAG-USDT	+0.0067%	4h	66.440	−0.045%	$2.6M	$650K	100x	as long as short
tradeXYZ xyz:SILVER	+0.0070%	1h	66.371	−0.149%	$165.4M	$86.9M	25x	as long as short
Variational Omni XAG	+0.0090%	4h	66.457	−0.020%	$5.6M	$10.1M	—	as long as short
Aster XAGUSDT	+0.0093%	4h	66.408	−0.093%	$2.8M	$1.1M	100x	as long as short
Pacifica XAG	+0.0100%	1h	66.353	−0.176%	$475K	$612K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.360	−0.165%	$24.4M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.410	−0.090%	$126K	$26K	50x	as long as short
MEXC SILVER_USDT	+0.0102%	4h	66.400	−0.105%	$114.5M	$152.9M	1000x	as long as short
Paradex XAG-USD-PERP	+0.0103%	8h	66.391	−0.118%	$30K	$1K	5x	as long as short
Aevo XAG-PERP	+0.0104%	1h	66.424	−0.070%	$48K	—	10x	as long as short
Binance XAGUSDT	+0.0104%	4h	66.400	−0.105%	$191.7M	$722.1M	100x	as long as short
Lighter XAG	+0.0112%	1h	66.392	−0.117%	$5.2M	$10.3M	25x	as long as short
edgeX XAGUSDC	+0.0114%	4h	66.457	−0.020%	$674K	$314K	30x	as long as short
Bitget XAGUSDT	+0.0124%	4h	66.410	−0.090%	$24.1M	$47.9M	100x	as long as short
Aftermath Perps XAGUSD	+0.0150%	1h	66.414	−0.084%	$80K	$40K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0158%	4h	66.470	0.000%	$395K	$1.4M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0160%	1h	66.420	−0.075%	$1.9M	$848K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0189%	8h	66.410	−0.090%	$27.6M	$66.1M	50x	as long as short
RISEx XAG/USDC	+0.0208%	1h	66.408	−0.093%	$1.3M	$4.2M	20x	as long as short
Bullet SILVER-USD	+0.0246%	1h	66.432	−0.057%	$45K	$75K	10x	as long as short
Nado XAG-PERP	+0.0255%	1h	66.345	−0.188%	$1.3M	$6.6M	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0258% / S −0.0231%	1h	66.435	−0.053%	$103K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0304%	1h	66.380	−0.135%	$20K	$22K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0503%	1h	66.410	−0.090%	$50K	$360K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0596%	1h	66.400	−0.106%	$767K	$566K	25x	as long as short