Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0142%/8h= +15.6% APRpaid last 24h +0.028%

Price spread now: Paradex against Ondo Perps+0.159%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropOndo Perps: Active · Paradex: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Paradex is 0.159% dearer against Ondo Perps than usual: you sell high and buy low: +$16 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps XAG-USD.P	65.240	−0.0087	get 0.0011% / 1h	24m 35s	$5.6M	$9.7M	25x
Short	Paradex XAG-USD-PERP	65.344	0.0055	get 0.0055% / 8h	1h 24m	$29K	$1K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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

Position, each leg$Hold fordaysFee Ondo PerpsbpFee ParadexbpOrdersPrice spread, now +0.159%Rate

Funding earned: $29.91
Price spread: +0.159% → 0.000%: $15.93
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Paradex: 2 bp × 2 orders: −$4
Net: $36.84
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Ondo Perps: no order-book sample; Paradex: no order-book sample. Net counts fees only.

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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Ondo Perps and Paradex: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi XAG/USDT-P	−0.0184%	1h	65.320	+0.123%	$20K	$19K	10x	as long as short
Ondo Perps XAG-USD.Plong	−0.0087%	1h	65.240	long leg	$5.6M	$9.7M	25x
Hotstuff SILVER-PERP	−0.0040%	1h	65.321	+0.124%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	65.295	+0.085%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.370	+0.199%	$27.8M	$40.0M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.390	+0.230%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.410	+0.261%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.390	+0.230%	$1.5M	$280K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.320	+0.122%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0026%	4h	65.380	+0.215%	$141.1M	$182.6M	100x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XAG	+0.0032%	1h	65.360	+0.183%	$4.6M	$9.8M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.305	+0.099%	$5.1M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.778%	$11K	$94K	52x	as long as short
Variational Omni XAG	+0.0035%	4h	65.364	+0.189%	$5.5M	$9.4M	—	as long as short
Aster XAGUSDT	+0.0039%	4h	65.340	+0.153%	$2.7M	$975K	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.360	+0.184%	$786K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.784	+0.834%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0050%	1h	65.350	+0.169%	$152K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.328	+0.135%	$170.3M	$83.5M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.328	+0.135%	$3.8M	$718K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.308	+0.104%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERPshort	+0.0055%	8h	65.344	+0.159%	$29K	$1K	5x
MEXC SILVER_USDT	+0.0060%	4h	65.350	+0.169%	$116.0M	$157.5M	1000x	as long as short
Binance XAGUSDT	+0.0060%	4h	65.364	+0.189%	$190.9M	$763.8M	100x	as long as short
RISEx XAG/USDC	+0.0061%	1h	65.368	+0.197%	$1.2M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0061%	1h	65.347	+0.164%	$56K	$31K	25x	as long as short
edgeX XAGUSDC	+0.0066%	4h	65.342	+0.156%	$665K	$312K	30x	as long as short
Aevo XAG-PERP	+0.0072%	1h	65.360	+0.183%	$47K	—	10x	as long as short
Kalshi KXSILVERPERP	+0.0077%	24h	65.334	+0.144%	$517K	$31.0M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	65.308	+0.104%	$467K	$624K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.330	+0.138%	$25.3M	$5.0M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.290	+0.077%	$112K	$19K	50x	as long as short
GRVT XAG_USDT_Perp	+0.0116%	4h	65.363	+0.188%	$385K	$1.6M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0120%	1h	65.320	+0.123%	$1.6M	$1.4M	20x	as long as short
Nado XAG-PERP	+0.0130%	1h	65.317	+0.118%	$1.2M	$5.4M	10x	as long as short
Lighter XAG	+0.0144%	1h	65.368	+0.196%	$5.4M	$11.4M	25x	as long as short
Bitget XAGUSDT	+0.0174%	4h	65.360	+0.184%	$23.8M	$46.3M	100x	as long as short
Bullet SILVER-USD	+0.0179%	1h	65.374	+0.205%	$44K	$76K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0183%	8h	65.370	+0.199%	$28.0M	$70.7M	50x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.350	+0.169%	$65K	$379K	20x	as long as short
Aftermath Perps XAGUSD	+0.0221%	1h	65.346	+0.163%	$79K	$37K	10x	as long as short
BloFin XAG-USDT	+0.0242%	4h	65.340	+0.153%	$2.6M	$611K	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0273% / S −0.0241%	1h	65.365	+0.192%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0493%	1h	65.335	+0.146%	$915K	$746K	25x	as long as short