Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0128%/8h= +14.0% APRpaid last 24h +0.021%

Price spread now: edgeX against Phoenix+0.072%7-day average — · you sell dearer than you buy

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

Long on Phoenix Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.052%−$5 on $10k

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

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

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and edgeX is 0.072% dearer against Phoenix than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.052%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix SILVER	66.303	0.0084	pay 0.0011% / 1h	51m 44s	$56K	$26K	25x
Short	edgeX XAGUSDC	66.351	0.0212	get 0.0106% / 4h	1h 51m	$673K	$314K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Phoenix. 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 PhoenixbpFee edgeXbpOrdersPrice spread, now +0.072%Rate

Funding earned: $26.79
Price spread: +0.072% → 0.000%: $7.17
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $17.96
Costs to cover: 0.160%
Break-even: 2.3 days

Slippage unknown: Phoenix: no order-book sample; edgeX: live order book, 12 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 Phoenix no order-book sample	—	—	—	—	—
Sell edgeX live order book, 12 min ago	2.26 bp	6.8 bp −$7	6.8 bp −$68	9.2 bp −$917	21.2 bp −$10.6K

Phoenix: 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 43 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	66.236	−0.102%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.290	−0.020%	$152.1M	$161.6M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.330	+0.041%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.380	+0.116%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.320	+0.026%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.241	−0.094%	$121K	—	250x	as long as short
Ondo Perps XAG-USD.P	+0.0022%	1h	66.160	−0.216%	$5.7M	$9.7M	25x	as long as short
Lighter RH XAG	+0.0032%	1h	66.230	−0.110%	$4.8M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.213	−0.136%	$5.3M	$12.2M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.146%	$11K	$94K	52x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	66.390	+0.131%	$799K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.770	+0.704%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.292	−0.017%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.238	−0.098%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.320	+0.026%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0063%	24h	66.278	−0.038%	$546K	$24.5M	8.1x	as long as short
Phoenix SILVERlong	+0.0084%	1h	66.303	long leg	$56K	$26K	25x
tradeXYZ xyz:SILVER	+0.0098%	1h	66.246	−0.086%	$165.8M	$74.7M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.219	−0.127%	$471K	$607K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.240	−0.095%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.330	+0.041%	$113K	$30K	50x	as long as short
Paradex XAG-USD-PERP	+0.0138%	8h	66.270	−0.050%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0142%	4h	66.270	−0.050%	$2.7M	$917K	100x	as long as short
Bybit XAGUSDT	+0.0144%	4h	66.270	−0.050%	$26.7M	$36.2M	150x	as long as short
Lighter XAG	+0.0168%	1h	66.245	−0.088%	$5.3M	$10.4M	25x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.303	0.000%	$48K	—	10x	as long as short
Variational Omni XAG	+0.0178%	4h	66.354	+0.077%	$5.5M	$9.8M	—	as long as short
RISEx XAG/USDC	+0.0181%	1h	66.330	+0.041%	$1.2M	$4.4M	20x	as long as short
MEXC SILVER_USDT	+0.0192%	4h	66.260	−0.065%	$111.5M	$151.7M	1000x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.350	+0.071%	$1.9M	$972K	20x	as long as short
Binance XAGUSDT	+0.0192%	4h	66.260	−0.065%	$191.9M	$705.9M	100x	as long as short
edgeX XAGUSDCshort	+0.0212%	4h	66.351	+0.072%	$673K	$314K	30x
OKX XAG-USDT-SWAP	+0.0217%	8h	66.250	−0.080%	$27.8M	$65.6M	50x	as long as short
Aftermath Perps XAGUSD	+0.0233%	1h	66.297	−0.009%	$80K	$38K	10x	as long as short
Hibachi XAG/USDT-P	+0.0240%	1h	66.320	+0.026%	$20K	$22K	10x	as long as short
Nado XAG-PERP	+0.0240%	1h	66.282	−0.031%	$1.3M	$6.6M	10x	as long as short
Bitget XAGUSDT	+0.0254%	4h	66.250	−0.080%	$23.9M	$46.1M	100x	as long as short
Bullet SILVER-USD	+0.0272%	1h	66.321	+0.027%	$46K	$75K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0282%	4h	66.410	+0.161%	$399K	$1.5M	25x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0330% / S −0.0340%	1h	66.305	+0.003%	$103K	—	111x	as long as short
Hotstuff SILVER-PERP	+0.0344%	1h	66.376	+0.110%	$35K	$21K	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0354%	1h	66.290	−0.020%	$50K	$326K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0549%	1h	66.268	−0.053%	$764K	$475K	25x	as long as short