Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0143%/8h= +15.6% APRpaid last 24h +0.031%

Price spread now: OKX against Phoenix+0.086%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 OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.061%−$6 on $10k

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and OKX is 0.086% dearer against Phoenix than usual: you sell high and buy low: +$9 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 −0.061%, 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	66.473	0.0048	pay 0.0006% / 1h	23m 02s	$56K	$26K	25x
Short	OKX XAG-USDT-SWAP	66.530	0.0191	get 0.0191% / 8h	7h 23m	$27.9M	$67.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.086%Rate

Funding earned: $30
Price spread: +0.086% → 0.000%: $8.57
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: $21.57
Costs to cover: 0.170%
Break-even: 2.0 days

Slippage unknown: Phoenix: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Phoenix no order-book sample	—	—	—	—	—
Sell OKX live order book, 1 min ago	0.75 bp	5.8 bp −$6	6.2 bp −$62	12.3 bp −$1,234	86.5 bp −$43.3K

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 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	66.422	−0.077%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.530	+0.086%	$25.7M	$35.6M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.540	+0.101%	$155.0M	$168.3M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.530	+0.086%	$2K	$3.0M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.530	+0.086%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.550	+0.116%	$1.5M	$252K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.450	−0.035%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.499	+0.039%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.466	−0.010%	$5.4M	$12.4M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.110%	$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	66.520	+0.071%	$800K	$2.7M	40x	as long as short
BloFin XAG-USDT	+0.0045%	4h	66.540	+0.101%	$2.6M	$709K	100x	as long as short
Vest SI-PERP	+0.0046%	1h	66.918	+0.669%	—	—	25x	as long as short
Phoenix SILVERlong	+0.0048%	1h	66.473	long leg	$56K	$26K	25x
Polymarket Perps SILVER-USD	+0.0050%	1h	66.453	−0.030%	$3.9M	$700K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.446	−0.041%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.350	−0.185%	$5.7M	$9.6M	25x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.460	−0.020%	$115K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0053%	1h	66.489	+0.024%	$165.4M	$84.8M	25x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.411	−0.093%	$562K	$21.5M	8.1x	as long as short
Hotstuff SILVER-PERP	+0.0064%	1h	66.419	−0.081%	$35K	$21K	20x	as long as short
Aster XAGUSDT	+0.0085%	4h	66.519	+0.070%	$2.8M	$1.1M	100x	as long as short
Variational Omni XAG	+0.0089%	4h	66.514	+0.062%	$5.6M	$9.9M	—	as long as short
Paradex XAG-USD-PERP	+0.0098%	8h	66.445	−0.041%	$30K	$1K	5x	as long as short
Pacifica XAG	+0.0100%	1h	66.407	−0.099%	$474K	$623K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.480	+0.011%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.480	+0.011%	$126K	$24K	50x	as long as short
Binance XAGUSDT	+0.0100%	4h	66.530	+0.086%	$192.6M	$722.7M	100x	as long as short
MEXC SILVER_USDT	+0.0102%	4h	66.530	+0.086%	$108.7M	$160.3M	1000x	as long as short
Aevo XAG-PERP	+0.0104%	1h	66.497	+0.037%	$48K	—	10x	as long as short
edgeX XAGUSDC	+0.0112%	4h	66.508	+0.053%	$675K	$314K	30x	as long as short
Lighter XAG	+0.0120%	1h	66.504	+0.047%	$5.4M	$10.5M	25x	as long as short
GRVT XAG_USDT_Perp	+0.0138%	4h	66.523	+0.075%	$391K	$1.5M	25x	as long as short
RISEx XAG/USDC	+0.0148%	1h	66.464	−0.013%	$1.2M	$4.2M	20x	as long as short
Nado XAG-PERP	+0.0169%	1h	66.416	−0.086%	$1.3M	$6.5M	10x	as long as short
Bitget XAGUSDT	+0.0172%	4h	66.530	+0.086%	$24.5M	$47.9M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.460	−0.020%	$1.9M	$930K	20x	as long as short
OKX XAG-USDT-SWAPshort	+0.0191%	8h	66.530	+0.086%	$27.9M	$67.3M	50x
Aftermath Perps XAGUSD	+0.0198%	1h	66.468	−0.007%	$80K	$39K	10x	as long as short
Hibachi XAG/USDT-P	+0.0224%	1h	66.480	+0.011%	$20K	$22K	10x	as long as short
Bullet SILVER-USD	+0.0227%	1h	66.517	+0.066%	$45K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.525	+0.078%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0352%	1h	66.500	+0.041%	$50K	$336K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0489%	1h	66.469	−0.005%	$764K	$565K	25x	as long as short