Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.027%

Price spread now: MEXC against Lighter RH−0.036%7-day average +0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$4as in the Funding arb table

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$40.039% of the position

Long on Lighter RH Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 7 days+0.089%+$9 · spread now −0.036%, 7d avg +0.041%

Together, before fees+0.087%+ Points / potential airdropLighter RH: Points live · farm board+$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.077% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.036% now, against its 7-day average of +0.041%). If the spread goes back, that is −$8 on $10k: about 2.5 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	Lighter RH XAG	65.743	0.0032	pay 0.0004% / 1h	7m 42s	$4.7M	$9.6M	25x
Short	MEXC SILVER_USDT	65.720	0.0136	get 0.0068% / 4h	2h 07m	$124.1M	$161.8M	1000x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Lighter RH. 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 Lighter RHbpFee MEXCbpOrdersPrice spread, now −0.036%Rate

Funding earned: $21.84
Price spread: −0.036% → +0.041%: −$7.68
Slippage, 4 orders: −$3.93
Fee Lighter RH: 0 bp × 2 orders: $0
Fee MEXC: 0 bp × 2 orders: $0
Net: $10.23
Costs to cover: 0.039%
Break-even: 3.7 days

Slippage from Lighter RH: live order book, 6 min ago; MEXC: 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 Lighter RH live order book, 6 min ago	1.05 bp	1.4 bp −$1	3.6 bp −$36	22.3 bp −$2,234	doesn't fit
Sell MEXC live order book, 1 min ago	0.76 bp	0.8 bp −$1	0.8 bp −$8	0.8 bp −$76	2.7 bp −$1,362

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	65.698	−0.070%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.700	−0.066%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.740	−0.005%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.690	−0.081%	$1.5M	$280K	100x	as long as short
Ondo Perps XAG-USD.P	+0.0001%	1h	65.610	−0.203%	$5.6M	$9.7M	25x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.649	−0.144%	$119K	—	250x	as long as short
Hibachi XAG/USDT-P	+0.0016%	1h	65.584	−0.242%	$20K	$19K	10x	as long as short
RISEx XAG/USDC	+0.0030%	1h	65.716	−0.042%	$1.2M	$4.9M	20x	as long as short
Lighter RH XAGlong	+0.0032%	1h	65.743	long leg	$4.7M	$9.6M	25x
Extended XAG-USD	+0.0032%	1h	65.663	−0.122%	$5.2M	$11.7M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.999%	$11K	$94K	52x	as long as short
Phoenix SILVER	+0.0036%	1h	65.648	−0.145%	$56K	$26K	25x	as long as short
Gate XAG_USDT	+0.0040%	4h	65.750	+0.010%	$144.8M	$180.5M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.620	−0.188%	$789K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.128	+0.585%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.670	−0.112%	$3.9M	$711K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.641	−0.156%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.690	−0.081%	$157K	$2.8M	20x	as long as short
Paradex XAG-USD-PERP	+0.0063%	8h	65.691	−0.080%	$29K	$1K	5x	as long as short
Kalshi KXSILVERPERP	+0.0076%	24h	65.678	−0.100%	$448K	$28.9M	8.1x	as long as short
tradeXYZ xyz:SILVER	+0.0078%	1h	65.724	−0.030%	$171.2M	$82.2M	25x	as long as short
Aster XAGUSDT	+0.0083%	4h	65.747	+0.005%	$2.7M	$944K	100x	as long as short
Pacifica XAG	+0.0100%	1h	65.660	−0.128%	$469K	$629K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.680	−0.097%	$24.7M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.580	−0.249%	$112K	$23K	50x	as long as short
Bybit XAGUSDT	+0.0118%	4h	65.760	+0.025%	$28.8M	$39.2M	150x	as long as short
Variational Omni XAG	+0.0127%	4h	65.584	−0.243%	$5.5M	$9.5M	—	as long as short
Lighter XAG	+0.0128%	1h	65.742	−0.003%	$5.4M	$11.4M	25x	as long as short
Binance XAGUSDT	+0.0133%	4h	65.750	+0.010%	$189.6M	$745.5M	100x	as long as short
MEXC SILVER_USDTshort	+0.0136%	4h	65.720	−0.036%	$124.1M	$161.8M	1000x
Aevo XAG-PERP	+0.0136%	1h	65.698	−0.069%	$47K	—	10x	as long as short
edgeX XAGUSDC	+0.0147%	4h	65.560	−0.279%	$667K	$312K	30x	as long as short
Nado XAG-PERP	+0.0152%	1h	65.691	−0.080%	$1.3M	$5.5M	10x	as long as short
Hotstuff SILVER-PERP	+0.0160%	1h	65.698	−0.069%	$35K	$21K	20x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.660	−0.127%	$1.6M	$1.3M	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0207%	1h	65.690	−0.081%	$66K	$368K	20x	as long as short
Aftermath Perps XAGUSD	+0.0208%	1h	65.547	−0.299%	$79K	$37K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0208%	4h	65.644	−0.151%	$398K	$1.5M	25x	as long as short
Bitget XAGUSDT	+0.0214%	4h	65.760	+0.025%	$24.0M	$46.3M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0214%	8h	65.750	+0.010%	$27.9M	$70.3M	50x	as long as short
Bullet SILVER-USD	+0.0241%	1h	65.712	−0.048%	$44K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0366% / S −0.0361%	1h	65.705	−0.059%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0377%	4h	65.680	−0.097%	$2.6M	$622K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0469%	1h	65.675	−0.104%	$916K	$735K	25x	as long as short