Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0099%/8h= +10.8% APRpaid last 24h +0.019%

Price spread now: tradeXYZ against HTX−0.209%7-day average −0.110% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$430.427% of the position

Long on HTX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.133%+$13 on $10k

Price spread, last 3 days (all we have)+0.100%+$10 · spread now −0.209%, 7d avg −0.110%

Together, before fees+0.233%+ Points / potential airdroptradeXYZ: Active · farm board+$23 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.099% cheaper against HTX than usual: you would sell low and buy high (spread −0.209% now, against its 7-day average of −0.110%). If the spread goes back, that is −$10 on $10k: about 3.3 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XAG-USDT	66.440	0	get 0.0000% / 4h	2h 14m	$1.1M	$1.1M	75x
Short	tradeXYZ xyz:SILVER	66.301	0.0099	get 0.0012% / 1h	14m 48s	$165.8M	$76.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.209%Rate

Funding earned: $20.75
Price spread: −0.209% → −0.110%: −$9.91
Slippage, 4 orders: −$12.7
Fee HTX: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$31.86
Costs to cover: 0.427%
Break-even: 17.7 days

Slippage from HTX: live order book, 4 min ago; tradeXYZ: live order book, 5 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	4.51 bp	11.5 bp −$11	12.0 bp −$120	15.1 bp −$1,508	doesn't fit
Sell tradeXYZ live order book, 5 min ago	0.75 bp	9.8 bp −$10	10.0 bp −$100	11.0 bp −$1,104	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	66.355	−0.127%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.360	−0.120%	$153.2M	$164.4M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.390	−0.075%	$2K	$2.8M	20x	as long as short
HTX XAG-USDTlong	0.0000%	4h	66.440	long leg	$1.1M	$1.1M	75x
Phemex XAGUSDT	0.0000%	4h	66.430	−0.015%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.319	−0.183%	$120K	—	250x	as long as short
Hotstuff SILVER-PERP	+0.0008%	1h	66.383	−0.086%	$35K	$21K	20x	as long as short
Lighter RH XAG	+0.0032%	1h	66.353	−0.131%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.290	−0.225%	$5.4M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.060%	$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
StandX XAG-USD	+0.0040%	1h	66.410	−0.045%	$799K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.832	+0.590%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.402	−0.057%	$56K	$26K	25x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.300	−0.211%	$5.7M	$9.6M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.370	−0.105%	$3.9M	$669K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.307	−0.200%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.400	−0.060%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0062%	24h	66.363	−0.116%	$541K	$23.7M	8.1x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.423	−0.026%	$1.2M	$4.4M	20x	as long as short
tradeXYZ xyz:SILVERshort	+0.0099%	1h	66.301	−0.209%	$165.8M	$76.1M	25x
Pacifica XAG	+0.0100%	1h	66.366	−0.111%	$472K	$606K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.330	−0.166%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.380	−0.090%	$126K	$23K	50x	as long as short
Aster XAGUSDT	+0.0133%	4h	66.350	−0.135%	$2.7M	$942K	100x	as long as short
Bybit XAGUSDT	+0.0134%	4h	66.360	−0.120%	$26.6M	$36.4M	150x	as long as short
Paradex XAG-USD-PERP	+0.0136%	8h	66.410	−0.046%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0166%	4h	66.373	−0.101%	$5.5M	$9.8M	—	as long as short
Aevo XAG-PERP	+0.0168%	1h	66.379	−0.092%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0178%	4h	66.350	−0.135%	$102.7M	$158.6M	1000x	as long as short
Binance XAGUSDT	+0.0180%	4h	66.350	−0.135%	$192.2M	$706.4M	100x	as long as short
edgeX XAGUSDC	+0.0184%	4h	66.421	−0.028%	$674K	$315K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.410	−0.045%	$1.9M	$971K	20x	as long as short
Lighter XAG	+0.0192%	1h	66.375	−0.098%	$5.3M	$10.6M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0211%	8h	66.360	−0.120%	$28.0M	$65.7M	50x	as long as short
Nado XAG-PERP	+0.0224%	1h	66.371	−0.104%	$1.3M	$6.5M	10x	as long as short
Hibachi XAG/USDT-P	+0.0224%	1h	66.365	−0.113%	$20K	$22K	10x	as long as short
Aftermath Perps XAGUSD	+0.0233%	1h	66.385	−0.083%	$80K	$38K	10x	as long as short
Bitget XAGUSDT	+0.0248%	4h	66.350	−0.135%	$23.9M	$46.1M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0266%	4h	66.450	+0.015%	$395K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0288%	1h	66.407	−0.049%	$46K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0292% / S −0.0281%	1h	66.405	−0.053%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0353%	1h	66.360	−0.120%	$50K	$325K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0462%	1h	66.360	−0.120%	$765K	$478K	25x	as long as short