Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0198%/8h= +21.7% APRpaid last 24h +0.056%

Price spread now: Deribit against MEXC+0.030%7-day average +0.016% · 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−$15as in the Price arb table

costs, in and out, $10k−$160.160% of the position

Long on MEXC Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.097%+$10 on $10k

Price spread, last 3 days (all we have)+0.013%+$1 · spread now +0.030%, 7d avg +0.016%

Together, before fees+0.109%+$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.016%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SILVER_USDT	66.420	0.0154	pay 0.0077% / 4h	2h 34m	$102.4M	$158.1M	1000x
Short	Deribit SILVER_USDC-PERPETUAL	66.440	0.0352	get 0.0044% / 1h	34m 43s	$50K	$325K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against MEXC. 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 MEXCbpFee DeribitbpOrdersPrice spread, now +0.030%Rate

Funding earned: $41.67
Price spread: +0.030% → +0.016%: $1.41
Slippage, 4 orders: −$8.95
Fee MEXC: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $27.12
Costs to cover: 0.160%
Break-even: 2.4 days

Slippage from MEXC: live order book, 4 min ago; Deribit: live order book, 34 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 MEXC live order book, 4 min ago	0.75 bp	0.8 bp −$1	0.8 bp −$8	1.5 bp −$146	4.2 bp −$2,076
Sell Deribit live order book, 34 min ago	0.75 bp	10.2 bp −$10	10.6 bp −$106	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	−0.0008%	1h	66.447	+0.041%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	66.421	+0.002%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.420	0.000%	$153.3M	$162.6M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.500	+0.120%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.500	+0.120%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.470	+0.075%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.406	−0.021%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.434	+0.022%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.358	−0.094%	$5.4M	$12.2M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.030%	$11K	$94K	52x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	66.410	−0.015%	$799K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.883	+0.697%	—	—	25x	as long as short
Ondo Perps XAG-USD.P	+0.0046%	1h	66.320	−0.151%	$5.7M	$9.6M	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.346	−0.111%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.440	+0.030%	$3.9M	$669K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.393	−0.041%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.460	+0.060%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0061%	24h	66.421	+0.002%	$631K	$23.3M	8.1x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.440	+0.030%	$1.2M	$4.3M	20x	as long as short
Bybit XAGUSDT	+0.0082%	4h	66.430	+0.015%	$26.4M	$35.9M	150x	as long as short
tradeXYZ xyz:SILVER	+0.0094%	1h	66.393	−0.041%	$165.8M	$76.0M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.366	−0.081%	$472K	$605K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.410	−0.015%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.310	−0.166%	$126K	$23K	50x	as long as short
BloFin XAG-USDT	+0.0103%	4h	66.570	+0.226%	$2.6M	$624K	100x	as long as short
Aster XAGUSDT	+0.0119%	4h	66.430	+0.015%	$2.8M	$960K	100x	as long as short
Paradex XAG-USD-PERP	+0.0125%	8h	66.416	−0.007%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0140%	4h	66.405	−0.023%	$5.5M	$9.8M	—	as long as short
Aevo XAG-PERP	+0.0144%	1h	66.461	+0.062%	$48K	—	10x	as long as short
MEXC SILVER_USDTlong	+0.0154%	4h	66.420	long leg	$102.4M	$158.1M	1000x
Binance XAGUSDT	+0.0158%	4h	66.420	0.000%	$192.7M	$708.1M	100x	as long as short
edgeX XAGUSDC	+0.0166%	4h	66.514	+0.141%	$675K	$314K	30x	as long as short
Lighter XAG	+0.0176%	1h	66.421	+0.001%	$5.3M	$10.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.520	+0.151%	$1.9M	$967K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0199%	8h	66.420	0.000%	$28.0M	$65.9M	50x	as long as short
Aftermath Perps XAGUSD	+0.0219%	1h	66.432	+0.017%	$80K	$38K	10x	as long as short
Nado XAG-PERP	+0.0228%	1h	66.393	−0.041%	$1.3M	$6.5M	10x	as long as short
Bitget XAGUSDT	+0.0230%	4h	66.420	0.000%	$24.0M	$46.1M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0242%	4h	66.526	+0.159%	$391K	$1.5M	25x	as long as short
Hibachi XAG/USDT-P	+0.0272%	1h	66.302	−0.178%	$20K	$22K	10x	as long as short
Bullet SILVER-USD	+0.0282%	1h	66.474	+0.082%	$45K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0292% / S −0.0281%	1h	66.485	+0.098%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUALshort	+0.0352%	1h	66.440	+0.030%	$50K	$325K	20x
Kraken Futures PF_XAGUSD	+0.0462%	1h	66.445	+0.038%	$766K	$482K	25x	as long as short