Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0017%/8h= +1.9% APRpaid last 24h −0.009%

Price spread now: Binance against Lighter+0.031%7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$120.123% of the position

Long on Lighter Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.139%−$14 on $10k

Price spread, last 7 days−0.024%−$2 · spread now +0.031%, 7d avg +0.038%

Together, before fees−0.163%+ Points / potential airdropLighter: Season 3 · farm board−$16 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.038%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.139%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XAG	66.086	0.0200	pay 0.0025% / 1h	35m 30s	$5.2M	$10.5M	25x
Short	Binance XAGUSDT	66.107	0.0217	get 0.0109% / 4h	35m 30s	$192.7M	$700.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Lighter. 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 LighterbpFee BinancebpOrdersPrice spread, now +0.031%Rate

Funding earned: $3.58
Price spread: +0.031% → +0.038%: −$0.64
Slippage, 4 orders: −$2.29
Fee Lighter: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$9.35
Costs to cover: 0.123%
Break-even: 25.3 days

Slippage from Lighter: live order book, 8 min ago; Binance: live order book, 8 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 Lighter live order book, 8 min ago	0.29 bp	0.5 bp $0	0.6 bp −$6	6.0 bp −$595	15.9 bp −$7,970
Sell Binance live order book, 8 min ago	0.76 bp	5.8 bp −$6	5.8 bp −$58	9.0 bp −$895	22.3 bp −$11.1K

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	66.022	−0.096%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.110	+0.036%	$150.0M	$163.2M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.150	+0.097%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.140	+0.081%	$1.0M	$978K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.120	+0.051%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.065	−0.032%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.073	−0.020%	$4.8M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.027	−0.089%	$5.2M	$11.7M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.475%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.130	+0.066%	$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	66.532	+0.675%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.065	−0.032%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.044	−0.064%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	65.980	−0.161%	$5.7M	$9.6M	25x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.090	+0.006%	$115K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0060%	1h	66.050	−0.055%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0069%	24h	66.104	+0.027%	$514K	$25.5M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	66.038	−0.073%	$470K	$619K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.070	−0.025%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.070	−0.025%	$113K	$30K	50x	as long as short
Hotstuff SILVER-PERP	+0.0120%	1h	66.074	−0.018%	$35K	$21K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0133%	1h	66.066	−0.031%	$165.4M	$73.9M	25x	as long as short
RISEx XAG/USDC	+0.0137%	1h	66.106	+0.030%	$1.3M	$4.5M	20x	as long as short
Aster XAGUSDT	+0.0147%	4h	66.100	+0.021%	$2.7M	$876K	100x	as long as short
Paradex XAG-USD-PERP	+0.0152%	8h	66.087	+0.001%	$30K	$1K	5x	as long as short
Bybit XAGUSDT	+0.0157%	4h	66.120	+0.051%	$27.0M	$36.2M	150x	as long as short
Nado XAG-PERP	+0.0194%	1h	66.038	−0.073%	$1.3M	$6.5M	10x	as long as short
Lighter XAGlong	+0.0200%	1h	66.086	long leg	$5.2M	$10.5M	25x
Aevo XAG-PERP	+0.0200%	1h	66.129	+0.064%	$47K	—	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.130	+0.066%	$1.8M	$999K	20x	as long as short
Variational Omni XAG	+0.0210%	4h	66.123	+0.056%	$5.6M	$9.7M	—	as long as short
MEXC SILVER_USDT	+0.0216%	4h	66.090	+0.006%	$109.2M	$152.4M	1000x	as long as short
Binance XAGUSDTshort	+0.0217%	4h	66.107	+0.031%	$192.7M	$700.9M	100x
edgeX XAGUSDC	+0.0220%	4h	66.135	+0.073%	$671K	$311K	30x	as long as short
Aftermath Perps XAGUSD	+0.0230%	1h	66.110	+0.037%	$80K	$37K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0231%	8h	66.100	+0.021%	$27.7M	$65.4M	50x	as long as short
BloFin XAG-USDT	+0.0251%	4h	66.160	+0.112%	$2.6M	$554K	100x	as long as short
Bitget XAGUSDT	+0.0260%	4h	66.100	+0.021%	$23.8M	$45.6M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0286%	4h	66.160	+0.112%	$389K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0311%	1h	66.146	+0.091%	$45K	$76K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0355%	1h	66.110	+0.036%	$62K	$348K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0375% / S −0.0409%	1h	66.135	+0.074%	$103K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0376%	1h	66.080	−0.009%	$20K	$19K	10x	as long as short
Kraken Futures PF_XAGUSD	+0.0485%	1h	66.094	+0.012%	$912K	$676K	25x	as long as short