Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0135%/8hpaid last 24h +0.014%

Price spread now: Extended against OKX−0.096%7-day average −0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$170.168% of the position

Long on OKX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 7 days+0.051%+$5 · spread now −0.096%, 7d avg −0.063%

Together, before fees+0.085%+ Points / potential airdropExtended: Active · farm board+$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Extended is 0.033% cheaper against OKX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.063%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XAG-USDT-SWAP	66.260	0.0167	pay 0.0167% / 8h	4h 21m	$27.4M	$67.8M	50x
Short	Extended XAG-USD	66.196	0.0032	get 0.0004% / 1h	21m 21s	$5.4M	$14.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against OKX. 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 OKXbpFee ExtendedbpOrdersPrice spread, now −0.096%Rate

Funding earned: −$28.4
Price spread: −0.096% → −0.063%: −$3.29
Slippage, 4 orders: −$1.8
Fee OKX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$48.49
Costs to cover: 0.168%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Extended: live order book, 2 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 OKX live order book, 2 min ago	0.75 bp	5.8 bp −$6	6.7 bp −$67	12.1 bp −$1,208	doesn't fit
Sell Extended live order book, 2 min ago	0.08 bp	2.7 bp −$3	3.2 bp −$32	10.5 bp −$1,051	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
Ondo Perps XAG-USD.P	−0.0066%	1h	66.150	−0.166%	$6.2M	$8.8M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	66.222	−0.058%	$15K	$997	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.250	−0.015%	$133.4M	$192.3M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.260	0.000%	$2K	$3.5M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.300	+0.060%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.260	0.000%	$1.5M	$258K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.202	−0.087%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.244	−0.024%	$4.7M	$9.4M	25x	as long as short
Extended XAG-USDshort	+0.0032%	1h	66.196	−0.096%	$5.4M	$14.8M	10x
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.211%	$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
Phoenix SILVER	+0.0036%	1h	66.228	−0.048%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0040%	24h	66.238	−0.033%	$691K	$21.6M	8.1x	as long as short
Hotstuff SILVER-PERP	+0.0040%	1h	66.224	−0.054%	$35K	$21K	20x	as long as short
StandX XAG-USD	+0.0040%	1h	66.210	−0.075%	$701K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.711	+0.681%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.228	−0.048%	$161.8M	$94.9M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.228	−0.048%	$3.9M	$740K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.205	−0.083%	$4K	$5K	20x	as long as short
QFEX SILVER-USD	+0.0052%	1h	66.240	−0.030%	$134K	$2.8M	20x	as long as short
BloFin XAG-USDT	+0.0063%	4h	66.230	−0.045%	$2.6M	$1.4M	100x	as long as short
Paradex XAG-USD-PERP	+0.0077%	8h	66.247	−0.019%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0096%	4h	66.248	−0.018%	$2.8M	$1.2M	100x	as long as short
Pacifica XAG	+0.0100%	1h	66.208	−0.078%	$473K	$701K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.210	−0.075%	$24.1M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.210	−0.075%	$113K	$88K	50x	as long as short
Lighter XAG	+0.0104%	1h	66.247	−0.019%	$5.5M	$10.7M	25x	as long as short
Variational Omni XAG	+0.0118%	4h	66.215	−0.068%	$5.6M	$12.6M	—	as long as short
Aevo XAG-PERP	+0.0120%	1h	66.263	+0.005%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0122%	4h	66.250	−0.015%	$123.9M	$188.0M	1000x	as long as short
Binance XAGUSDT	+0.0122%	4h	66.259	−0.002%	$191.9M	$787.6M	100x	as long as short
edgeX XAGUSDC	+0.0132%	4h	66.268	+0.011%	$670K	$313K	30x	as long as short
Bybit XAGUSDT	+0.0156%	4h	66.270	+0.015%	$25.3M	$37.7M	150x	as long as short
RISEx XAG/USDC	+0.0161%	1h	66.253	−0.010%	$1.4M	$4.3M	20x	as long as short
Nado XAG-PERP	+0.0166%	1h	66.199	−0.092%	$1.3M	$6.5M	10x	as long as short
OKX XAG-USDT-SWAPlong	+0.0167%	8h	66.260	long leg	$27.4M	$67.8M	50x
Bullet SILVER-USD	+0.0174%	1h	66.253	−0.010%	$46K	$77K	10x	as long as short
Aftermath Perps XAGUSD	+0.0181%	1h	66.204	−0.085%	$80K	$39K	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.040	−0.332%	$1.9M	$1.2M	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0203%	1h	66.250	−0.015%	$88K	$501K	20x	as long as short
GRVT XAG_USDT_Perp	+0.0214%	4h	66.260	0.000%	$398K	$1.7M	25x	as long as short
Hibachi XAG/USDT-P	+0.0256%	1h	66.199	−0.092%	$20K	$21K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0278% / S −0.0261%	1h	66.255	−0.008%	$103K	—	111x	as long as short
Bitget XAGUSDT	+0.0284%	4h	66.260	0.000%	$23.4M	$50.6M	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0421%	1h	66.238	−0.033%	$779K	$644K	25x	as long as short