Funding arb · Price arb /

XAG

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0062%/8hpaid last 24h −0.013%

Price spread now: Ondo Perps against HTX−0.196%7-day average −0.245% · you buy dearer than you sell

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

Long on HTX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 3 days (all we have)−0.015%−$2 · spread now −0.196%, 7d avg −0.245%

Together, before fees−0.032%+ Points / potential airdropOndo Perps: Active · farm board−$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Ondo Perps is 0.049% dearer against HTX than usual: you sell high and buy low (spread −0.196% now, against its 7-day average of −0.245%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.6 days. At the pace of the last 7 days (−0.017% in total) that is about 21 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XAG-USDT	66.280	0	get 0.0000% / 4h	22m 29s	$1.1M	$1.1M	75x
Short	Ondo Perps XAG-USD.P	66.150	−0.0062	pay 0.0008% / 1h	22m 29s	$6.2M	$8.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.196%Rate

Funding earned: −$13.1
Price spread: −0.196% → −0.245%: $4.89
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$25.21
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 1 min ago; Ondo Perps: no order-book sample. 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 HTX live order book, 1 min ago	4.53 bp	10.5 bp −$11	10.5 bp −$105	13.4 bp −$1,341	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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
Ondo Perps XAG-USD.Pshort	−0.0062%	1h	66.150	−0.196%	$6.2M	$8.8M	25x
dYdX XAG-USD	0.0000%	1h	66.222	−0.088%	$15K	$997	5x	as long as short
Hotstuff SILVER-PERP	0.0000%	1h	66.232	−0.072%	$35K	$21K	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.270	−0.015%	$133.5M	$192.3M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.280	0.000%	$2K	$3.5M	20x	as long as short
HTX XAG-USDTlong	0.0000%	4h	66.280	long leg	$1.1M	$1.1M	75x
Phemex XAGUSDT	0.0000%	4h	66.250	−0.045%	$1.5M	$258K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.195	−0.128%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.260	−0.031%	$4.7M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.215	−0.098%	$5.4M	$14.8M	10x	as long as short

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	+0.181%	$11K	$94K	52x	as long as short
Phoenix SILVER	+0.0036%	1h	66.228	−0.078%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0040%	24h	66.238	−0.063%	$691K	$21.6M	8.1x	as long as short
StandX XAG-USD	+0.0040%	1h	66.190	−0.136%	$700K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.716	+0.658%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.242	−0.057%	$161.9M	$94.9M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.231	−0.074%	$3.9M	$740K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.201	−0.119%	$4K	$5K	20x	as long as short
QFEX SILVER-USD	+0.0052%	1h	66.250	−0.045%	$134K	$2.8M	20x	as long as short
BloFin XAG-USDT	+0.0063%	4h	66.230	−0.075%	$2.6M	$1.4M	100x	as long as short
Paradex XAG-USD-PERP	+0.0077%	8h	66.260	−0.031%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0096%	4h	66.260	−0.030%	$2.8M	$1.2M	100x	as long as short
Pacifica XAG	+0.0100%	1h	66.217	−0.095%	$474K	$701K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.220	−0.091%	$24.1M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.210	−0.106%	$113K	$88K	50x	as long as short
Lighter XAG	+0.0104%	1h	66.259	−0.032%	$5.5M	$10.7M	25x	as long as short
Variational Omni XAG	+0.0118%	4h	66.215	−0.099%	$5.6M	$12.6M	—	as long as short
MEXC SILVER_USDT	+0.0120%	4h	66.260	−0.030%	$123.9M	$188.0M	1000x	as long as short
Aevo XAG-PERP	+0.0120%	1h	66.258	−0.034%	$48K	—	10x	as long as short
Binance XAGUSDT	+0.0122%	4h	66.260	−0.030%	$191.8M	$787.6M	100x	as long as short
edgeX XAGUSDC	+0.0140%	4h	66.232	−0.073%	$670K	$313K	30x	as long as short
Bybit XAGUSDT	+0.0156%	4h	66.270	−0.015%	$25.2M	$37.7M	150x	as long as short
RISEx XAG/USDC	+0.0161%	1h	66.270	−0.015%	$1.4M	$4.3M	20x	as long as short
Nado XAG-PERP	+0.0166%	1h	66.219	−0.092%	$1.3M	$6.5M	10x	as long as short
OKX XAG-USDT-SWAP	+0.0167%	8h	66.280	0.000%	$27.4M	$67.9M	50x	as long as short
Bullet SILVER-USD	+0.0175%	1h	66.270	−0.015%	$45K	$77K	10x	as long as short
Aftermath Perps XAGUSD	+0.0181%	1h	66.181	−0.150%	$80K	$39K	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.040	−0.362%	$1.9M	$1.2M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0214%	4h	66.260	−0.030%	$398K	$1.7M	25x	as long as short
Hibachi XAG/USDT-P	+0.0248%	1h	66.202	−0.118%	$20K	$21K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0277% / S −0.0261%	1h	66.255	−0.038%	$103K	—	111x	as long as short
Bitget XAGUSDT	+0.0284%	4h	66.270	−0.015%	$23.2M	$50.5M	100x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0354%	1h	66.240	−0.060%	$88K	$501K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0421%	1h	66.230	−0.075%	$779K	$644K	25x	as long as short