Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0181%/8h= +19.9% APRpaid last 24h +0.030%

Price spread now: RISEx against HTX+0.011%7-day average −0.045% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$300.296% of the position

Long on HTX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.065%+$7 on $10k

Price spread, last 3 days (all we have)−0.025%−$3 · spread now +0.011%, 7d avg −0.045%

Together, before fees+0.040%+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and RISEx is 0.056% dearer against HTX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XAG-USDT	66.260	0	get 0.0000% / 4h	1h 49m	$1.0M	$1.1M	75x
Short	RISEx XAG/USDC	66.267	0.0181	get 0.0023% / 1h	49m 47s	$1.2M	$4.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.011%Rate

Funding earned: $38.11
Price spread: +0.011% → −0.045%: $5.57
Slippage, 4 orders: −$11.56
Fee HTX: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: $14.12
Costs to cover: 0.296%
Break-even: 4.4 days

Slippage from HTX: live order book, 4 min ago; RISEx: 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	4.52 bp	10.5 bp −$11	10.5 bp −$105	13.4 bp −$1,340	doesn't fit
Sell RISEx live order book, 4 min ago	0.63 bp	3.6 bp −$4	5.1 bp −$51	doesn't fit	doesn't fit

XAG on 43 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	66.178	−0.124%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.240	−0.030%	$151.4M	$161.7M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.250	−0.015%	$2K	$2.7M	20x	as long as short
HTX XAG-USDTlong	0.0000%	4h	66.260	long leg	$1.0M	$1.1M	75x
Phemex XAGUSDT	0.0000%	4h	66.250	−0.015%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.184	−0.115%	$121K	—	250x	as long as short
Ondo Perps XAG-USD.P	+0.0017%	1h	66.160	−0.151%	$5.7M	$9.7M	25x	as long as short
Hotstuff SILVER-PERP	+0.0024%	1h	66.228	−0.048%	$35K	$21K	20x	as long as short
Lighter RH XAG	+0.0032%	1h	66.214	−0.070%	$4.8M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.169	−0.137%	$5.3M	$12.1M	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.211%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.230	−0.045%	$797K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.693	+0.653%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.218	−0.063%	$3.9M	$673K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.171	−0.134%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.250	−0.015%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0063%	24h	66.213	−0.071%	$547K	$24.5M	8.1x	as long as short
Phoenix SILVER	+0.0084%	1h	66.303	+0.065%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0091%	1h	66.189	−0.107%	$165.7M	$74.7M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.206	−0.081%	$471K	$607K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.200	−0.091%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.330	+0.106%	$113K	$30K	50x	as long as short
Paradex XAG-USD-PERP	+0.0137%	8h	66.255	−0.007%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0138%	4h	66.231	−0.043%	$2.7M	$917K	100x	as long as short
Bybit XAGUSDT	+0.0141%	4h	66.240	−0.030%	$26.7M	$36.1M	150x	as long as short
Lighter XAG	+0.0168%	1h	66.221	−0.058%	$5.3M	$10.4M	25x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.231	−0.044%	$48K	—	10x	as long as short
Variational Omni XAG	+0.0176%	4h	66.242	−0.027%	$5.5M	$9.7M	—	as long as short
RISEx XAG/USDCshort	+0.0181%	1h	66.267	+0.011%	$1.2M	$4.4M	20x
Binance XAGUSDT	+0.0191%	4h	66.228	−0.049%	$191.8M	$706.2M	100x	as long as short
MEXC SILVER_USDT	+0.0192%	4h	66.220	−0.060%	$110.5M	$151.8M	1000x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.350	+0.136%	$1.9M	$972K	20x	as long as short
edgeX XAGUSDC	+0.0201%	4h	66.366	+0.160%	$673K	$314K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0217%	8h	66.230	−0.045%	$27.8M	$65.6M	50x	as long as short
Aftermath Perps XAGUSD	+0.0233%	1h	66.266	+0.009%	$80K	$38K	10x	as long as short
Nado XAG-PERP	+0.0238%	1h	66.215	−0.069%	$1.3M	$6.6M	10x	as long as short
Hibachi XAG/USDT-P	+0.0248%	1h	66.199	−0.092%	$20K	$22K	10x	as long as short
Bitget XAGUSDT	+0.0254%	4h	66.230	−0.045%	$23.9M	$46.1M	100x	as long as short
Bullet SILVER-USD	+0.0266%	1h	66.264	+0.005%	$46K	$75K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0282%	4h	66.380	+0.181%	$393K	$1.5M	25x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0331% / S −0.0342%	1h	66.255	−0.008%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0354%	1h	66.220	−0.060%	$50K	$326K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0550%	1h	66.208	−0.078%	$763K	$475K	25x	as long as short