Funding arb · Price arb /

XAG

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h −0.011%

Price spread now: Extended against KuCoin−0.030%7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

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

costs, in and out, $10k−$220.220% of the position

Long on KuCoin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 7 days+0.007%+$1 · spread now −0.030%, 7d avg −0.005%

Together, before fees−0.016%+ Points / potential airdropExtended: Active · farm board−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Extended is 0.025% cheaper against KuCoin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.005%). Swap the legs.

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 36s	$25.3M	$4.7M	75x
Short	Extended XAG-USD	65.251	0.0032	get 0.0004% / 1h	32m 36s	$5.0M	$11.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.030%Rate

Funding earned: −$14.28
Price spread: −0.030% → −0.005%: −$2.47
Slippage, 4 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$38.75
Costs to cover: 0.220%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Extended: live order book, 1 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 Extended live order book, 1 min ago	0.08 bp	2.6 bp −$3	3.5 bp −$35	10.7 bp −$1,066	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	−0.0037%	1h	65.190	−0.123%	$5.6M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.242	−0.043%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.320	+0.077%	$27.8M	$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	65.300	+0.046%	$119.2M	$157.4M	1000x	as long as short
Binance XAGUSDT	+0.0026%	4h	65.310	+0.061%	$191.6M	$753.9M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.307	+0.057%	$4.6M	$9.8M	25x	as long as short
Extended XAG-USDshort	+0.0032%	1h	65.251	−0.030%	$5.0M	$11.6M	10x
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	65.320	+0.077%	$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	65.300	+0.046%	$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	65.291	+0.032%	$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	65.253	−0.026%	$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	65.325	+0.084%	$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	65.310	+0.061%	$23.3M	$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	65.310	+0.061%	$28.2M	$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-PERPETUAL	+0.0210%	1h	65.310	+0.061%	$65K	$391K	20x	as long as short
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