Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0110%/8h= +12.0% APRpaid last 24h +0.051%

Price spread now: Deribit against KuCoin+0.061%7-day average +0.049% · 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−$30as in the Price arb table

costs, in and out, $10k−$310.314% of the position

Long on KuCoin Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.110%+$11 on $10k

Price spread, last 4 days (all we have)+0.017%+$2 · spread now +0.061%, 7d avg +0.049%

Together, before fees+0.127%+$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.049%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XAGUSDTM	65.270	0.0100	pay 0.0050% / 4h	32m 44s	$25.3M	$4.7M	75x
Short	Deribit SILVER_USDC-PERPETUAL	65.310	0.0210	get 0.0026% / 1h	32m 44s	$65K	$391K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against KuCoin. 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 KuCoinbpFee DeribitbpOrdersPrice spread, now +0.061%Rate

Funding earned: $23.01
Price spread: +0.061% → +0.049%: $1.19
Slippage, 4 orders: −$12.44
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$7.24
Costs to cover: 0.314%
Break-even: 9.2 days

Slippage from KuCoin: live order book, 6 min ago; Deribit: 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 KuCoin live order book, 6 min ago	0.77 bp	8.4 bp −$8	16.0 bp −$160	doesn't fit	doesn't fit
Sell Deribit live order book, 6 min ago	0.76 bp	4.3 bp −$4	4.6 bp −$46	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
Hotstuff SILVER-PERP	−0.0056%	1h	65.295	+0.038%	$35K	$21K	20x	as long as short
Ondo Perps XAG-USD.P	−0.0041%	1h	65.240	−0.046%	$5.6M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.297	+0.041%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.290	+0.031%	$27.7M	$39.4M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.320	+0.077%	$2K	$2.5M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.370	+0.153%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.320	+0.077%	$1.5M	$281K	100x	as long as short
Variational Omni XAG	0.0000%	4h	65.332	+0.095%	$5.5M	$9.1M	—	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.268	−0.003%	$118K	—	250x	as long as short
Aster XAGUSDT	+0.0024%	4h	65.300	+0.046%	$2.7M	$928K	100x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SILVER_USDT	+0.0026%	4h	65.280	+0.015%	$119.1M	$157.4M	1000x	as long as short
Binance XAGUSDT	+0.0027%	4h	65.290	+0.031%	$191.5M	$753.8M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.310	+0.061%	$4.6M	$9.8M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.240	−0.046%	$5.1M	$11.6M	10x	as long as short
edgeX XAGUSDC	+0.0032%	4h	65.342	+0.110%	$665K	$313K	30x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.731%	$11K	$94K	52x	as long as short
Gate XAG_USDT	+0.0034%	4h	65.300	+0.046%	$140.7M	$178.3M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.350	+0.123%	$786K	$2.9M	40x	as long as short
Aevo XAG-PERP	+0.0040%	1h	65.316	+0.070%	$47K	—	10x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.330	+0.092%	$157K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.748	+0.732%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.276	+0.009%	$169.6M	$81.7M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.296	+0.040%	$3.8M	$856K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.267	−0.005%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0052%	8h	65.310	+0.062%	$29K	$1K	5x	as long as short
Phoenix SILVER	+0.0061%	1h	65.316	+0.070%	$56K	$31K	25x	as long as short
Kalshi KXSILVERPERP	+0.0079%	24h	65.299	+0.044%	$518K	$31.7M	8.1x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	65.300	+0.046%	$1.6M	$1.4M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.271	+0.001%	$464K	$611K	10x	as long as short
KuCoin XAGUSDTMlong	+0.0100%	4h	65.270	long leg	$25.3M	$4.7M	75x
ApeX Omni XAGUSDT	+0.0100%	1h	65.310	+0.061%	$112K	$19K	50x	as long as short
BloFin XAG-USDT	+0.0107%	4h	65.350	+0.123%	$2.7M	$574K	100x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.337	+0.102%	$1.2M	$4.8M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0130%	4h	65.372	+0.156%	$384K	$1.6M	25x	as long as short
Bitget XAGUSDT	+0.0152%	4h	65.290	+0.031%	$23.2M	$44.7M	100x	as long as short
Nado XAG-PERP	+0.0159%	1h	65.286	+0.024%	$1.2M	$4.7M	10x	as long as short
Lighter XAG	+0.0160%	1h	65.313	+0.066%	$5.3M	$11.1M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0166%	8h	65.290	+0.031%	$28.1M	$69.8M	50x	as long as short
Aftermath Perps XAGUSD	+0.0182%	1h	65.309	+0.060%	$79K	$37K	10x	as long as short
Hibachi XAG/USDT-P	+0.0184%	1h	65.313	+0.066%	$20K	$17K	10x	as long as short
Deribit SILVER_USDC-PERPETUALshort	+0.0210%	1h	65.310	+0.061%	$65K	$391K	20x
Bullet SILVER-USD	+0.0220%	1h	65.339	+0.106%	$45K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.335	+0.100%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0363%	1h	65.292	+0.034%	$1.0M	$868K	25x	as long as short