Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0066%/8h= −7.2% APRpaid last 24h −0.007%

Price spread now: SoDEX against Paradex−0.106%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 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 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and SoDEX is 0.106% cheaper against Paradex than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XAG-USD-PERP	65.986	0.0116	pay 0.0116% / 8h	3h 39m	$30K	$1K	5x
Short	SoDEX SILVER-USD	65.916	0.0050	get 0.0006% / 1h	39m 23s	$3K	$6K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.106%Rate

Funding earned: −$13.8
Price spread: −0.106% → 0.000%: −$10.62
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$36.42
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; SoDEX: 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 Paradex no order-book sample	—	—	—	—	—
Sell SoDEX no order-book sample	—	—	—	—	—

Paradex and SoDEX: 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
Ondo Perps XAG-USD.P	−0.0046%	1h	65.880	−0.161%	$5.7M	$9.3M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.934	−0.079%	$14K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.010	+0.036%	$149.6M	$163.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.980	−0.009%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.010	+0.036%	$1.0M	$966K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.980	−0.009%	$1.5M	$320K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.930	−0.085%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.964	−0.033%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.929	−0.087%	$5.1M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.627%	$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	65.970	−0.024%	$793K	$3.1M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.408	+0.639%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.958	−0.043%	$3.9M	$674K	20x	as long as short
SoDEX SILVER-USDshort	+0.0050%	1h	65.916	−0.106%	$3K	$6K	20x
tradeXYZ xyz:SILVER	+0.0050%	1h	65.954	−0.049%	$166.0M	$73.5M	25x	as long as short
QFEX SILVER-USD	+0.0060%	1h	65.980	−0.009%	$114K	$2.7M	20x	as long as short
Hotstuff SILVER-PERP	+0.0072%	1h	65.963	−0.035%	$35K	$21K	20x	as long as short
Kalshi KXSILVERPERP	+0.0072%	24h	65.935	−0.077%	$539K	$25.9M	8.1x	as long as short
Phoenix SILVER	+0.0073%	1h	65.889	−0.147%	$56K	$26K	25x	as long as short
RISEx XAG/USDC	+0.0080%	1h	65.992	+0.008%	$1.3M	$4.9M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.924	−0.094%	$469K	$612K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.960	−0.039%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.920	−0.100%	$113K	$30K	50x	as long as short
Bybit XAGUSDT	+0.0109%	4h	66.010	+0.036%	$27.4M	$36.4M	150x	as long as short
Lighter XAG	+0.0112%	1h	65.981	−0.008%	$5.2M	$10.6M	25x	as long as short
Paradex XAG-USD-PERPlong	+0.0116%	8h	65.986	long leg	$30K	$1K	5x
Aster XAGUSDT	+0.0137%	4h	65.970	−0.024%	$2.7M	$871K	100x	as long as short
Nado XAG-PERP	+0.0181%	1h	65.953	−0.051%	$1.4M	$6.0M	10x	as long as short
Aevo XAG-PERP	+0.0184%	1h	65.978	−0.012%	$47K	—	10x	as long as short
Variational Omni XAG	+0.0188%	4h	65.963	−0.034%	$5.6M	$9.4M	—	as long as short
Binance XAGUSDT	+0.0202%	4h	65.990	+0.006%	$191.0M	$702.6M	100x	as long as short
MEXC SILVER_USDT	+0.0202%	4h	65.980	−0.009%	$112.8M	$152.1M	1000x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0205%	1h	65.960	−0.039%	$75K	$363K	20x	as long as short
GRVT XAG_USDT_Perp	+0.0206%	4h	65.973	−0.020%	$394K	$1.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	65.950	−0.055%	$1.8M	$1.0M	20x	as long as short
Aftermath Perps XAGUSD	+0.0213%	1h	65.945	−0.062%	$79K	$36K	10x	as long as short
edgeX XAGUSDC	+0.0213%	4h	65.953	−0.050%	$669K	$310K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0233%	8h	66.000	+0.021%	$27.7M	$64.8M	50x	as long as short
Bullet SILVER-USD	+0.0234%	1h	65.996	+0.015%	$45K	$76K	10x	as long as short
BloFin XAG-USDT	+0.0238%	4h	65.960	−0.039%	$2.6M	$556K	100x	as long as short
Bitget XAGUSDT	+0.0242%	4h	65.990	+0.006%	$23.9M	$45.3M	100x	as long as short
Hibachi XAG/USDT-P	+0.0328%	1h	65.930	−0.085%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0387% / S −0.0440%	1h	65.995	+0.014%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0624%	1h	65.940	−0.070%	$910K	$683K	25x	as long as short