Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: SoDEX against HTX−0.137%7-day average — · you buy dearer than you sell

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

Long on HTX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. SoDEX is 0.137% cheaper against HTX than usual: you would sell low and buy high (spread −0.137% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 9.2 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XAG-USDT	66.270	0	get 0.0000% / 4h	1h 47m	$1.0M	$1.1M	75x
Short	SoDEX SILVER-USD	66.179	0.0050	get 0.0006% / 1h	47m 46s	$3K	$6K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.137%Rate

Funding earned: $10.5
Price spread: −0.137% → 0.000%: −$13.73
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$23.23
Costs to cover: 0.200%
Break-even: 22.5 days

Slippage unknown: HTX: live order book, 1 min ago; SoDEX: 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	2.26 bp	8.3 bp −$8	8.3 bp −$83	11.2 bp −$1,120	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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 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
Hotstuff SILVER-PERP	−0.0008%	1h	66.176	−0.142%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	66.178	−0.139%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.240	−0.045%	$151.1M	$161.8M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.250	−0.030%	$2K	$2.8M	20x	as long as short
HTX XAG-USDTlong	0.0000%	4h	66.270	long leg	$1.0M	$1.1M	75x
Phemex XAGUSDT	0.0000%	4h	66.270	0.000%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.184	−0.130%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.233	−0.055%	$4.8M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.164	−0.160%	$5.3M	$12.1M	10x	as long as short
Ondo Perps XAG-USD.P	+0.0033%	1h	66.110	−0.241%	$5.7M	$9.7M	25x	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	+0.196%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.250	−0.030%	$797K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.668	+0.601%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.200	−0.106%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USDshort	+0.0050%	1h	66.179	−0.137%	$3K	$6K	20x
QFEX SILVER-USD	+0.0062%	1h	66.240	−0.045%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0064%	24h	66.201	−0.104%	$546K	$24.5M	8.1x	as long as short
tradeXYZ xyz:SILVER	+0.0084%	1h	66.181	−0.134%	$165.7M	$74.7M	25x	as long as short
Phoenix SILVER	+0.0084%	1h	66.206	−0.097%	$56K	$26K	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.180	−0.136%	$471K	$607K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.190	−0.121%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.330	+0.091%	$113K	$30K	50x	as long as short
Aster XAGUSDT	+0.0136%	4h	66.237	−0.050%	$2.7M	$916K	100x	as long as short
Paradex XAG-USD-PERP	+0.0136%	8h	66.227	−0.065%	$30K	$1K	5x	as long as short
Bybit XAGUSDT	+0.0142%	4h	66.240	−0.045%	$26.7M	$36.1M	150x	as long as short
Lighter XAG	+0.0168%	1h	66.234	−0.055%	$5.3M	$10.4M	25x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.240	−0.046%	$48K	—	10x	as long as short
Variational Omni XAG	+0.0176%	4h	66.242	−0.042%	$5.5M	$9.7M	—	as long as short
RISEx XAG/USDC	+0.0181%	1h	66.235	−0.053%	$1.2M	$4.4M	20x	as long as short
MEXC SILVER_USDT	+0.0190%	4h	66.220	−0.075%	$110.5M	$151.9M	1000x	as long as short
Binance XAGUSDT	+0.0190%	4h	66.230	−0.060%	$191.7M	$706.3M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.350	+0.121%	$1.9M	$972K	20x	as long as short
edgeX XAGUSDC	+0.0201%	4h	66.366	+0.145%	$673K	$314K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0216%	8h	66.230	−0.060%	$27.8M	$65.6M	50x	as long as short
Aftermath Perps XAGUSD	+0.0234%	1h	66.229	−0.061%	$80K	$38K	10x	as long as short
Nado XAG-PERP	+0.0239%	1h	66.188	−0.124%	$1.3M	$6.6M	10x	as long as short
Bitget XAGUSDT	+0.0252%	4h	66.220	−0.075%	$23.9M	$46.1M	100x	as long as short
Hibachi XAG/USDT-P	+0.0264%	1h	66.160	−0.166%	$20K	$22K	10x	as long as short
Bullet SILVER-USD	+0.0264%	1h	66.246	−0.036%	$46K	$75K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0278%	4h	66.277	+0.011%	$400K	$1.5M	25x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0332% / S −0.0343%	1h	66.245	−0.038%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0354%	1h	66.230	−0.060%	$50K	$326K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0550%	1h	66.196	−0.112%	$763K	$475K	25x	as long as short