Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Phemex against HTX−0.030%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$490.492% of the position

Long on HTX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 3 days (all we have)+0.075%+$8 · spread now −0.030%, 7d avg −0.013%

Together, before fees+0.078%+$8 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XAG-USDT	66.290	0	get 0.0000% / 4h	23m 44s	$1.1M	$1.1M	75x
Short	Phemex XAGUSDT	66.270	0	get 0.0000% / 4h	23m 44s	$1.5M	$258K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.030%Rate

Funding earned: $0
Price spread: −0.030% → −0.013%: −$1.7
Slippage, 4 orders: −$25.23
Fee HTX: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$50.93
Costs to cover: 0.492%
Break-even: never at this rate

Slippage from HTX: live order book, 4 min ago; Phemex: live order book, 4 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, 4 min ago	4.53 bp	10.5 bp −$11	11.9 bp −$119	14.9 bp −$1,489	doesn't fit
Sell Phemex live order book, 4 min ago	0.75 bp	6.8 bp −$7	7.9 bp −$79	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	−0.0058%	1h	66.150	−0.211%	$6.2M	$8.8M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	66.222	−0.103%	$15K	$997	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.270	−0.030%	$133.5M	$192.3M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.270	−0.030%	$2K	$3.5M	20x	as long as short
HTX XAG-USDTlong	0.0000%	4h	66.290	long leg	$1.1M	$1.1M	75x
Phemex XAGUSDTshort	0.0000%	4h	66.270	−0.030%	$1.5M	$258K	100x
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.194	−0.145%	$120K	—	250x	as long as short
Hotstuff SILVER-PERP	+0.0008%	1h	66.229	−0.092%	$35K	$21K	20x	as long as short
Lighter RH XAG	+0.0032%	1h	66.260	−0.045%	$4.7M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.217	−0.110%	$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	+0.166%	$11K	$94K	52x	as long as short
Phoenix SILVER	+0.0036%	1h	66.149	−0.213%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0040%	24h	66.218	−0.109%	$693K	$21.5M	8.1x	as long as short
StandX XAG-USD	+0.0040%	1h	66.170	−0.181%	$700K	$2.6M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.694	+0.609%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.240	−0.075%	$161.8M	$94.9M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.206	−0.127%	$3.9M	$740K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.209	−0.122%	$4K	$5K	20x	as long as short
QFEX SILVER-USD	+0.0052%	1h	66.240	−0.075%	$137K	$2.8M	20x	as long as short
Paradex XAG-USD-PERP	+0.0078%	8h	66.257	−0.050%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0097%	4h	66.260	−0.045%	$2.8M	$1.2M	100x	as long as short
Pacifica XAG	+0.0100%	1h	66.212	−0.118%	$474K	$701K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.230	−0.091%	$24.1M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.120	−0.256%	$113K	$88K	50x	as long as short
Lighter XAG	+0.0104%	1h	66.260	−0.046%	$5.4M	$10.7M	25x	as long as short
Variational Omni XAG	+0.0118%	4h	66.215	−0.114%	$5.6M	$12.6M	—	as long as short
Aevo XAG-PERP	+0.0120%	1h	66.257	−0.050%	$48K	—	10x	as long as short
Binance XAGUSDT	+0.0122%	4h	66.265	−0.038%	$191.8M	$787.4M	100x	as long as short
MEXC SILVER_USDT	+0.0122%	4h	66.260	−0.045%	$123.9M	$187.9M	1000x	as long as short
edgeX XAGUSDC	+0.0135%	4h	66.210	−0.121%	$669K	$312K	30x	as long as short
BloFin XAG-USDT	+0.0136%	4h	66.210	−0.121%	$2.6M	$1.4M	100x	as long as short
Bybit XAGUSDT	+0.0158%	4h	66.280	−0.015%	$25.2M	$37.7M	150x	as long as short
RISEx XAG/USDC	+0.0161%	1h	66.240	−0.075%	$1.4M	$4.3M	20x	as long as short
OKX XAG-USDT-SWAP	+0.0166%	8h	66.270	−0.030%	$27.5M	$67.8M	50x	as long as short
Nado XAG-PERP	+0.0167%	1h	66.187	−0.155%	$1.3M	$6.5M	10x	as long as short
Bullet SILVER-USD	+0.0175%	1h	66.248	−0.063%	$45K	$77K	10x	as long as short
Aftermath Perps XAGUSD	+0.0183%	1h	66.165	−0.188%	$80K	$39K	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.040	−0.377%	$1.9M	$1.2M	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0203%	1h	66.250	−0.060%	$88K	$501K	20x	as long as short
GRVT XAG_USDT_Perp	+0.0212%	4h	66.170	−0.181%	$397K	$1.7M	25x	as long as short
Hibachi XAG/USDT-P	+0.0248%	1h	66.206	−0.126%	$20K	$21K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0277% / S −0.0261%	1h	66.245	−0.068%	$103K	—	111x	as long as short
Bitget XAGUSDT	+0.0284%	4h	66.270	−0.030%	$23.2M	$50.4M	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0421%	1h	66.223	−0.102%	$779K	$644K	25x	as long as short