Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: SoDEX against KuCoin−0.079%7-day average — · you buy dearer than you sell

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

Long on KuCoin 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

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and SoDEX is 0.079% cheaper against KuCoin than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XAGUSDTM	66.120	0.0100	pay 0.0050% / 4h	32m 43s	$24.5M	$4.5M	75x
Short	SoDEX SILVER-USD	66.068	0.0050	get 0.0006% / 1h	32m 43s	$3K	$6K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.079%Rate

Funding earned: −$10.5
Price spread: −0.079% → 0.000%: −$7.86
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$38.36
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 6 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 KuCoin live order book, 6 min ago	1.51 bp	7.9 bp −$8	17.1 bp −$171	doesn't fit	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 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
dYdX XAG-USD	0.0000%	1h	66.081	−0.058%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.190	+0.106%	$150.2M	$163.2M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.160	+0.060%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.160	+0.060%	$1.0M	$971K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.150	+0.045%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.074	−0.069%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.154	+0.051%	$4.8M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.097	−0.034%	$5.2M	$11.7M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.423%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.120	0.000%	$795K	$3.0M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SI-PERP	+0.0046%	1h	66.573	+0.685%	—	—	25x	as long as short
Hotstuff SILVER-PERP	+0.0048%	1h	66.114	−0.009%	$35K	$21K	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.115	−0.008%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USDshort	+0.0050%	1h	66.068	−0.079%	$3K	$6K	20x
Ondo Perps XAG-USD.P	+0.0050%	1h	66.060	−0.091%	$5.7M	$9.6M	25x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.140	+0.030%	$115K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0060%	1h	66.080	−0.060%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0069%	24h	66.118	−0.003%	$521K	$25.5M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	66.118	−0.003%	$470K	$619K	10x	as long as short
KuCoin XAGUSDTMlong	+0.0100%	4h	66.120	long leg	$24.5M	$4.5M	75x
ApeX Omni XAGUSDT	+0.0100%	1h	66.050	−0.106%	$113K	$30K	50x	as long as short
tradeXYZ xyz:SILVER	+0.0134%	1h	66.116	−0.006%	$165.5M	$74.0M	25x	as long as short
RISEx XAG/USDC	+0.0137%	1h	66.165	+0.068%	$1.3M	$4.5M	20x	as long as short
Aster XAGUSDT	+0.0146%	4h	66.146	+0.039%	$2.7M	$876K	100x	as long as short
Paradex XAG-USD-PERP	+0.0152%	8h	66.157	+0.056%	$30K	$1K	5x	as long as short
Bybit XAGUSDT	+0.0165%	4h	66.200	+0.121%	$27.0M	$36.1M	150x	as long as short
Nado XAG-PERP	+0.0196%	1h	66.092	−0.043%	$1.3M	$6.5M	10x	as long as short
Lighter XAG	+0.0200%	1h	66.163	+0.065%	$5.2M	$10.5M	25x	as long as short
Aevo XAG-PERP	+0.0200%	1h	66.140	+0.030%	$47K	—	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.130	+0.015%	$1.8M	$999K	20x	as long as short
BloFin XAG-USDT	+0.0205%	4h	66.160	+0.060%	$2.6M	$554K	100x	as long as short
Variational Omni XAG	+0.0210%	4h	66.123	+0.005%	$5.6M	$9.7M	—	as long as short
MEXC SILVER_USDT	+0.0216%	4h	66.170	+0.076%	$109.3M	$152.5M	1000x	as long as short
Binance XAGUSDT	+0.0217%	4h	66.168	+0.072%	$192.9M	$700.8M	100x	as long as short
Aftermath Perps XAGUSD	+0.0229%	1h	66.095	−0.039%	$80K	$37K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0232%	8h	66.180	+0.091%	$27.8M	$65.5M	50x	as long as short
edgeX XAGUSDC	+0.0235%	4h	66.098	−0.033%	$671K	$312K	30x	as long as short
Bitget XAGUSDT	+0.0260%	4h	66.170	+0.076%	$23.8M	$45.5M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0282%	4h	66.121	+0.001%	$389K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0309%	1h	66.163	+0.066%	$44K	$76K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0355%	1h	66.120	0.000%	$62K	$348K	20x	as long as short
Hibachi XAG/USDT-P	+0.0376%	1h	66.060	−0.091%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0376% / S −0.0411%	1h	66.155	+0.053%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0485%	1h	66.114	−0.009%	$912K	$676K	25x	as long as short