Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0108%/8h= −11.8% APRpaid last 24h −0.012%

Price spread now: Lighter RH against Paradex+0.025%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Lighter RH

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 airdropParadex: Active · Lighter RH: Points live · farm boardneeds both histories

The price spread pays, funding is against you. Lighter RH is 0.025% dearer against Paradex than usual: you sell high and buy low (spread +0.025% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XAG-USD-PERP	66.056	0.0140	pay 0.0140% / 8h	4h 11m	$30K	$1K	5x
Short	Lighter RH XAG	66.073	0.0032	get 0.0004% / 1h	11m 05s	$4.8M	$9.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Paradex. 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 ParadexbpFee Lighter RHbpOrdersPrice spread, now +0.025%Rate

Funding earned: −$22.72
Price spread: +0.025% → 0.000%: $2.54
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$24.18
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Lighter RH: live order book, 3 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell Lighter RH live order book, 3 min ago	1.50 bp	1.5 bp −$2	2.3 bp −$23	18.9 bp −$1,894	doesn't fit

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
dYdX XAG-USD	0.0000%	1h	66.018	−0.058%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.100	+0.066%	$150.1M	$163.7M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.090	+0.051%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.120	+0.096%	$1.0M	$968K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.120	+0.096%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.001	−0.084%	$120K	—	250x	as long as short
Lighter RH XAGshort	+0.0032%	1h	66.073	+0.025%	$4.8M	$9.6M	25x
Extended XAG-USD	+0.0032%	1h	66.000	−0.086%	$5.2M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.520%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.060	+0.005%	$795K	$3.1M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAG-USD.P	+0.0042%	1h	65.950	−0.161%	$5.7M	$9.6M	25x	as long as short
Vest SI-PERP	+0.0046%	1h	66.491	+0.658%	—	—	25x	as long as short
Hotstuff SILVER-PERP	+0.0048%	1h	66.027	−0.045%	$35K	$21K	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.035	−0.033%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.004	−0.079%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.060	+0.005%	$115K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0060%	1h	66.025	−0.048%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0071%	24h	66.031	−0.039%	$547K	$25.4M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	66.005	−0.078%	$470K	$615K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.040	−0.025%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.060	+0.005%	$113K	$30K	50x	as long as short
tradeXYZ xyz:SILVER	+0.0126%	1h	66.054	−0.004%	$165.9M	$74.3M	25x	as long as short
RISEx XAG/USDC	+0.0137%	1h	66.061	+0.007%	$1.3M	$4.5M	20x	as long as short
Paradex XAG-USD-PERPlong	+0.0140%	8h	66.056	long leg	$30K	$1K	5x
Aster XAGUSDT	+0.0143%	4h	66.068	+0.018%	$2.7M	$868K	100x	as long as short
Bybit XAGUSDT	+0.0168%	4h	66.110	+0.081%	$27.1M	$36.1M	150x	as long as short
Lighter XAG	+0.0184%	1h	66.076	+0.030%	$5.2M	$10.7M	25x	as long as short
Aevo XAG-PERP	+0.0192%	1h	66.072	+0.024%	$47K	—	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.020	−0.055%	$1.8M	$1.0M	20x	as long as short
Variational Omni XAG	+0.0204%	4h	66.063	+0.010%	$5.6M	$9.5M	—	as long as short
MEXC SILVER_USDT	+0.0210%	4h	66.080	+0.036%	$110.6M	$153.0M	1000x	as long as short
BloFin XAG-USDT	+0.0212%	4h	66.120	+0.096%	$2.6M	$554K	100x	as long as short
Binance XAGUSDT	+0.0212%	4h	66.090	+0.050%	$192.7M	$700.3M	100x	as long as short
Nado XAG-PERP	+0.0212%	1h	66.014	−0.064%	$1.4M	$6.5M	10x	as long as short
edgeX XAGUSDC	+0.0222%	4h	66.092	+0.054%	$671K	$313K	30x	as long as short
Aftermath Perps XAGUSD	+0.0222%	1h	66.046	−0.016%	$80K	$36K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0234%	8h	66.080	+0.036%	$27.7M	$65.0M	50x	as long as short
Bitget XAGUSDT	+0.0256%	4h	66.080	+0.036%	$23.8M	$45.4M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0274%	4h	66.094	+0.057%	$389K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0288%	1h	66.077	+0.032%	$44K	$76K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0356%	1h	66.050	−0.010%	$69K	$355K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0383% / S −0.0424%	1h	66.075	+0.028%	$103K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0384%	1h	66.050	−0.010%	$20K	$19K	10x	as long as short
Kraken Futures PF_XAGUSD	+0.0485%	1h	66.044	−0.019%	$912K	$683K	25x	as long as short