Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against HTX−0.075%7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$93as in the Price arb table

costs, in and out, $10k−$890.890% of the position

Long on HTX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.073%+$7 · spread now −0.075%, 7d avg −0.038%

Together, before fees+0.073%+$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.037% cheaper against HTX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XAG-USDT	66.380	0	get 0.0000% / 4h	1h 51m	$1.0M	$1.1M	75x
Short	SunX XAG-USDT	66.330	0	get 0.0000% / 4h	1h 51m	$2K	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.075%Rate

Funding earned: $0
Price spread: −0.075% → −0.038%: −$3.69
Slippage, 4 orders: −$69.02
Fee HTX: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$92.71
Costs to cover: 0.890%
Break-even: never at this rate

Slippage from HTX: live order book, 2 min ago; SunX: 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, 2 min ago	4.52 bp	10.5 bp −$11	10.5 bp −$105	13.4 bp −$1,340	doesn't fit
Sell SunX live order book, 6 min ago	29.36 bp	33.4 bp −$33	doesn't fit	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	66.236	−0.218%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.250	−0.196%	$152.0M	$161.6M	100x	as long as short
SunX XAG-USDTshort	0.0000%	4h	66.330	−0.075%	$2K	$2.8M	20x
HTX XAG-USDTlong	0.0000%	4h	66.380	long leg	$1.0M	$1.1M	75x
Phemex XAGUSDT	0.0000%	4h	66.320	−0.090%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.241	−0.210%	$121K	—	250x	as long as short
Ondo Perps XAG-USD.P	+0.0022%	1h	66.160	−0.331%	$5.7M	$9.7M	25x	as long as short
Lighter RH XAG	+0.0032%	1h	66.230	−0.226%	$4.8M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.193	−0.282%	$5.3M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.030%	$11K	$94K	52x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff SILVER-PERP	+0.0040%	1h	66.273	−0.161%	$35K	$21K	20x	as long as short
StandX XAG-USD	+0.0040%	1h	66.390	+0.015%	$799K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.691	+0.469%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.196	−0.277%	$3.9M	$673K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.238	−0.214%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.230	−0.226%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0063%	24h	66.278	−0.154%	$546K	$24.5M	8.1x	as long as short
Phoenix SILVER	+0.0084%	1h	66.303	−0.116%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0098%	1h	66.246	−0.202%	$165.8M	$74.7M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.219	−0.243%	$471K	$607K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.240	−0.211%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.330	−0.075%	$113K	$30K	50x	as long as short
Paradex XAG-USD-PERP	+0.0138%	8h	66.270	−0.166%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0142%	4h	66.241	−0.209%	$2.7M	$917K	100x	as long as short
Bybit XAGUSDT	+0.0144%	4h	66.230	−0.226%	$26.7M	$36.2M	150x	as long as short
Lighter XAG	+0.0168%	1h	66.245	−0.204%	$5.3M	$10.4M	25x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.303	−0.116%	$48K	—	10x	as long as short
Variational Omni XAG	+0.0178%	4h	66.354	−0.039%	$5.5M	$9.8M	—	as long as short
RISEx XAG/USDC	+0.0181%	1h	66.250	−0.196%	$1.2M	$4.4M	20x	as long as short
MEXC SILVER_USDT	+0.0192%	4h	66.260	−0.181%	$111.5M	$151.7M	1000x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.350	−0.045%	$1.9M	$972K	20x	as long as short
Binance XAGUSDT	+0.0192%	4h	66.227	−0.230%	$191.8M	$705.9M	100x	as long as short
edgeX XAGUSDC	+0.0201%	4h	66.366	−0.021%	$673K	$314K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0217%	8h	66.230	−0.226%	$27.8M	$65.6M	50x	as long as short
Aftermath Perps XAGUSD	+0.0233%	1h	66.297	−0.125%	$80K	$38K	10x	as long as short
Hibachi XAG/USDT-P	+0.0240%	1h	66.320	−0.090%	$20K	$22K	10x	as long as short
Nado XAG-PERP	+0.0242%	1h	66.198	−0.273%	$1.3M	$6.6M	10x	as long as short
Bitget XAGUSDT	+0.0254%	4h	66.220	−0.241%	$23.9M	$46.1M	100x	as long as short
Bullet SILVER-USD	+0.0272%	1h	66.321	−0.089%	$46K	$75K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0282%	4h	66.380	0.000%	$393K	$1.5M	25x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0330% / S −0.0340%	1h	66.305	−0.113%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0354%	1h	66.290	−0.136%	$50K	$326K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0549%	1h	66.268	−0.169%	$764K	$475K	25x	as long as short