Settings8H · net · $10k
Funding arb · Price arb /

XAG

RWAall XAG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0203%/8h= +22.2% APRpaid last 24h +0.053%
Price spread now: OKX against Ondo Perps+0.184%7-day average +0.159% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.090%+$9 on $10k
Price spread, last 7 days−0.105%−$10 · spread now +0.184%, 7d avg +0.159%
Together, before fees−0.015%+ Points / potential airdropOndo Perps: Active · farm board−$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and OKX is 0.025% dearer against Ondo Perps than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.159%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.090% in total (about 4.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps XAG-USD.P65.190−0.0037get 0.0005% / 1h32m 31s$5.6M$9.7M25x
ShortOKX XAG-USDT-SWAP65.3100.0166get 0.0166% / 8h32m 31s$28.2M$69.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against Ondo Perps. 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

Funding earned
$42.63
Price spread: +0.184% → +0.159%
$2.52
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee OKX: 5 bp × 2 orders
−$10
Net
$30.14
Costs to cover
0.150%
Break-even
2.0 days
Slippage unknown: Ondo Perps: no order-book sample; OKX: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Ondo Perps no order-book sample
Sell OKX live order book, 1 min ago0.76 bp5.8 bp −$66.6 bp −$6613.0 bp −$1,30052.9 bp −$26.5K
Ondo Perps: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff SILVER-PERP−0.0056%1h65.295+0.161%$35K$21K20xas long as short
Ondo Perps XAG-USD.Plong−0.0037%1h65.190long leg$5.6M$9.7M25x
dYdX XAG-USD0.0000%1h65.242+0.080%$12K$5K5xas long as short
Bybit XAGUSDT0.0000%4h65.310+0.184%$27.8M$39.4M150xas long as short
SunX XAG-USDT0.0000%4h65.320+0.199%$2K$2.5M20xas long as short
HTX XAG-USDT0.0000%4h65.370+0.276%$1.1M$1.3M75xas long as short
Phemex XAGUSDT0.0000%4h65.320+0.199%$1.5M$281K100xas long as short
Variational Omni XAG0.0000%4h65.332+0.218%$5.5M$9.1Mas long as short
gTrade (Gains Network) XAG/USDL +0.0004% / S −0.0006%1h65.268+0.120%$118K250xas long as short
Aster XAGUSDT+0.0024%4h65.300+0.169%$2.7M$928K100xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC SILVER_USDT+0.0026%4h65.300+0.169%$119.3M$157.4M1000xas long as short
Binance XAGUSDT+0.0026%4h65.305+0.176%$191.6M$753.6M100xas long as short
Lighter RH XAG+0.0032%1h65.307+0.180%$4.6M$9.8M25xas long as short
Extended XAG-USD+0.0032%1h65.251+0.093%$5.0M$11.6M10xas long as short
edgeX XAGUSDC+0.0032%4h65.342+0.233%$665K$313K30xas long as short
Injective XAG/USDC PERP+0.0033%1h66.400+1.856%$11K$94K52xas long as short
Gate XAG_USDT+0.0034%4h65.320+0.199%$140.7M$178.3M100xas long as short
StandX XAG-USD+0.0040%1h65.330+0.215%$786K$2.9M40xas long as short
Aevo XAG-PERP+0.0040%1h65.316+0.193%$47K10xas long as short
QFEX SILVER-USD+0.0044%1h65.300+0.169%$157K$1.4M20xas long as short
Vest SI-PERP+0.0046%1h65.721+0.815%25xas long as short
tradeXYZ xyz:SILVER+0.0050%1h65.264+0.114%$169.6M$81.7M25xas long as short
Polymarket Perps SILVER-USD+0.0050%1h65.276+0.132%$3.8M$856K20xas long as short
SoDEX SILVER-USD+0.0050%1h65.267+0.118%$3K$6K20xas long as short
Paradex XAG-USD-PERP+0.0052%8h65.291+0.155%$29K$1K5xas long as short
Phoenix SILVER+0.0061%1h65.316+0.193%$56K$31K25xas long as short
Kalshi KXSILVERPERP+0.0079%24h65.299+0.167%$518K$31.7M8.1xas long as short
Coinbase International SILVER-PERP-INTX+0.0096%1h65.300+0.169%$1.6M$1.4M20xas long as short
Pacifica XAG+0.0100%1h65.253+0.096%$464K$611K10xas long as short
KuCoin XAGUSDTM+0.0100%4h65.280+0.138%$25.3M$4.7M75xas long as short
ApeX Omni XAGUSDT+0.0100%1h65.310+0.184%$112K$19K50xas long as short
BloFin XAG-USDT+0.0107%4h65.350+0.245%$2.7M$574K100xas long as short
RISEx XAG/USDC+0.0118%1h65.325+0.207%$1.2M$4.8M20xas long as short
GRVT XAG_USDT_Perp+0.0130%4h65.372+0.279%$384K$1.6M25xas long as short
Bitget XAGUSDT+0.0152%4h65.310+0.184%$23.3M$44.7M100xas long as short
Nado XAG-PERP+0.0159%1h65.275+0.131%$1.2M$4.7M10xas long as short
Lighter XAG+0.0160%1h65.313+0.189%$5.3M$11.1M25xas long as short
OKX XAG-USDT-SWAPshort+0.0166%8h65.310+0.184%$28.2M$69.8M50x
Aftermath Perps XAGUSD+0.0183%1h65.299+0.167%$79K$37K10xas long as short
Hibachi XAG/USDT-P+0.0184%1h65.313+0.189%$20K$17K10xas long as short
Deribit SILVER_USDC-PERPETUAL+0.0210%1h65.310+0.184%$65K$391K20xas long as short
Bullet SILVER-USD+0.0220%1h65.314+0.190%$45K$75K10xas long as short
GMX SILVER/USD [ETH-USDC]L +0.0238% / S −0.0196%1h65.335+0.222%$93K111xas long as short
Kraken Futures PF_XAGUSD+0.0363%1h65.292+0.157%$1.0M$868K25xas long as short