Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0234%/8hpaid last 24h +0.032%

Price spread now: Bitget against SoDEX+0.092%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Bitget

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—needs both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Bitget is 0.092% dearer against SoDEX 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).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX SILVER-USD	66.209	0.0050	pay 0.0006% / 1h	23m 40s	$4K	$5K	20x
Short	Bitget XAGUSDT	66.270	0.0284	get 0.0142% / 4h	23m 40s	$23.2M	$50.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against SoDEX. 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 SoDEXbpFee BitgetbpOrdersPrice spread, now +0.092%Rate

Funding earned: $49.14
Price spread: +0.092% → 0.000%: $9.21
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: $38.35
Costs to cover: 0.200%
Break-even: 1.5 days

Slippage unknown: SoDEX: no order-book sample; Bitget: live order book, 9 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 SoDEX no order-book sample	—	—	—	—	—
Sell Bitget live order book, 9 min ago	0.76 bp	6.8 bp −$7	8.3 bp −$83	17.3 bp −$1,727	54.6 bp −$27.3K

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	−0.0058%	1h	66.150	−0.089%	$6.2M	$8.8M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	66.222	+0.019%	$15K	$997	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.270	+0.092%	$133.5M	$192.3M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.270	+0.092%	$2K	$3.5M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.290	+0.122%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.270	+0.092%	$1.5M	$258K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.194	−0.022%	$120K	—	250x	as long as short
Hotstuff SILVER-PERP	+0.0008%	1h	66.229	+0.030%	$35K	$21K	20x	as long as short
Lighter RH XAG	+0.0032%	1h	66.260	+0.078%	$4.7M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.217	+0.012%	$5.4M	$14.8M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.288%	$11K	$94K	52x	as long as short
Phoenix SILVER	+0.0036%	1h	66.149	−0.091%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0040%	24h	66.218	+0.014%	$693K	$21.5M	8.1x	as long as short
StandX XAG-USD	+0.0040%	1h	66.170	−0.059%	$700K	$2.6M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.694	+0.733%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.240	+0.047%	$161.8M	$94.9M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.206	−0.005%	$3.9M	$740K	20x	as long as short
SoDEX SILVER-USDlong	+0.0050%	1h	66.209	long leg	$4K	$5K	20x
QFEX SILVER-USD	+0.0052%	1h	66.240	+0.047%	$137K	$2.8M	20x	as long as short
Paradex XAG-USD-PERP	+0.0078%	8h	66.257	+0.072%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0097%	4h	66.260	+0.077%	$2.8M	$1.2M	100x	as long as short
Pacifica XAG	+0.0100%	1h	66.212	+0.004%	$474K	$701K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.230	+0.032%	$24.1M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.120	−0.134%	$113K	$88K	50x	as long as short
Lighter XAG	+0.0104%	1h	66.260	+0.077%	$5.4M	$10.7M	25x	as long as short
Variational Omni XAG	+0.0118%	4h	66.215	+0.009%	$5.6M	$12.6M	—	as long as short
Aevo XAG-PERP	+0.0120%	1h	66.257	+0.073%	$48K	—	10x	as long as short
Binance XAGUSDT	+0.0122%	4h	66.265	+0.085%	$191.8M	$787.4M	100x	as long as short
MEXC SILVER_USDT	+0.0122%	4h	66.260	+0.077%	$123.9M	$187.9M	1000x	as long as short
edgeX XAGUSDC	+0.0135%	4h	66.210	+0.001%	$669K	$312K	30x	as long as short
BloFin XAG-USDT	+0.0136%	4h	66.210	+0.002%	$2.6M	$1.4M	100x	as long as short
Bybit XAGUSDT	+0.0158%	4h	66.280	+0.107%	$25.2M	$37.7M	150x	as long as short
RISEx XAG/USDC	+0.0161%	1h	66.240	+0.047%	$1.4M	$4.3M	20x	as long as short
OKX XAG-USDT-SWAP	+0.0166%	8h	66.270	+0.092%	$27.5M	$67.8M	50x	as long as short
Nado XAG-PERP	+0.0167%	1h	66.187	−0.033%	$1.3M	$6.5M	10x	as long as short
Bullet SILVER-USD	+0.0175%	1h	66.248	+0.059%	$45K	$77K	10x	as long as short
Aftermath Perps XAGUSD	+0.0183%	1h	66.165	−0.066%	$80K	$39K	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.040	−0.255%	$1.9M	$1.2M	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0203%	1h	66.250	+0.062%	$88K	$501K	20x	as long as short
GRVT XAG_USDT_Perp	+0.0212%	4h	66.170	−0.059%	$397K	$1.7M	25x	as long as short
Hibachi XAG/USDT-P	+0.0248%	1h	66.206	−0.004%	$20K	$21K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0277% / S −0.0261%	1h	66.245	+0.054%	$103K	—	111x	as long as short
Bitget XAGUSDTshort	+0.0284%	4h	66.270	+0.092%	$23.2M	$50.4M	100x
Kraken Futures PF_XAGUSD	+0.0421%	1h	66.223	+0.020%	$779K	$644K	25x	as long as short