Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0124%/8h= +13.6% APRpaid last 24h +0.007%

Price spread now: Bybit against StandX+0.015%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$360.355% of the position

Long on StandX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

Price spread, last 7 days+0.008%+$1 · spread now +0.015%, 7d avg +0.023%

Together, before fees−0.029%+ Points / potential airdropStandX: Active · farm board−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.023%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX XAG-USD	64.940	0.0040	pay 0.0005% / 1h	37m 18s	$781K	$3.0M	40x
Short	Bybit XAGUSDT	64.950	0.0164	get 0.0082% / 4h	3h 37m	$29.3M	$41.9M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against StandX. 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 StandXbpFee BybitbpOrdersPrice spread, now +0.015%Rate

Funding earned: $26.1
Price spread: +0.015% → +0.023%: −$0.79
Slippage, 4 orders: −$16.55
Fee StandX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$10.24
Costs to cover: 0.355%
Break-even: 9.7 days

Slippage from StandX: live order book, 2 min ago; Bybit: live order book, 2 min ago.

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 StandX live order book, 2 min ago	2.31 bp	10.5 bp −$11	10.9 bp −$109	34.9 bp −$3,490	doesn't fit
Sell Bybit live order book, 2 min ago	0.77 bp	6.3 bp −$6	8.2 bp −$82	17.5 bp −$1,746	65.7 bp −$32.8K

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	64.862	−0.120%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	64.930	−0.015%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	64.950	+0.015%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	64.940	0.000%	$1.4M	$310K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	64.850	−0.138%	$117K	—	250x	as long as short
Variational Omni XAG	+0.0012%	4h	64.904	−0.055%	$5.3M	$9.1M	—	as long as short
Lighter RH XAG	+0.0032%	1h	64.929	−0.017%	$4.6M	$9.7M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	64.857	−0.127%	$5.0M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+2.248%	$11K	$94K	52x	as long as short
Gate XAG_USDT	+0.0034%	4h	64.950	+0.015%	$138.8M	$181.5M	100x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USDlong	+0.0040%	1h	64.940	long leg	$781K	$3.0M	40x
Vest SI-PERP	+0.0046%	1h	65.347	+0.627%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0047%	1h	64.930	−0.015%	$445K	$1.5M	20x	as long as short
MEXC SILVER_USDT	+0.0048%	4h	64.930	−0.015%	$120.8M	$158.0M	1000x	as long as short
Binance XAGUSDT	+0.0050%	4h	64.930	−0.015%	$195.9M	$768.5M	100x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	64.868	−0.111%	$3.8M	$890K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	64.853	−0.134%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	64.830	−0.169%	$5.6M	$9.9M	25x	as long as short
Paradex XAG-USD-PERP	+0.0059%	8h	64.936	−0.005%	$29K	$166	5x	as long as short
edgeX XAGUSDC	+0.0061%	4h	64.937	−0.004%	$661K	$313K	30x	as long as short
Aevo XAG-PERP	+0.0064%	1h	64.908	−0.049%	$47K	—	10x	as long as short
Aster XAGUSDT	+0.0065%	4h	64.932	−0.012%	$2.6M	$997K	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0080%	1h	64.900	−0.062%	$1.6M	$1.4M	20x	as long as short
Kalshi KXSILVERPERP	+0.0084%	24h	64.936	−0.006%	$485K	$33.8M	8.1x	as long as short
Hotstuff SILVER-PERP	+0.0088%	1h	64.925	−0.023%	$35K	$21K	20x	as long as short
Pacifica XAG	+0.0100%	1h	64.895	−0.070%	$463K	$592K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	64.900	−0.062%	$25.2M	$4.5M	75x	as long as short
GRVT XAG_USDT_Perp	+0.0100%	4h	64.907	−0.051%	$390K	$1.6M	25x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	64.880	−0.092%	$111K	$19K	50x	as long as short
Phoenix SILVER	+0.0111%	1h	64.865	−0.115%	$55K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0138%	1h	64.900	−0.062%	$174.1M	$86.4M	25x	as long as short
RISEx XAG/USDC	+0.0158%	1h	64.952	+0.019%	$1.2M	$4.9M	20x	as long as short
Nado XAG-PERP	+0.0158%	1h	64.910	−0.046%	$1.2M	$4.3M	10x	as long as short
Bybit XAGUSDTshort	+0.0164%	4h	64.950	+0.015%	$29.3M	$41.9M	150x
Bitget XAGUSDT	+0.0186%	4h	64.920	−0.031%	$23.1M	$45.4M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0191%	8h	64.930	−0.015%	$28.6M	$72.5M	50x	as long as short
BloFin XAG-USDT	+0.0199%	4h	64.920	−0.031%	$2.7M	$646K	100x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0212%	1h	64.900	−0.062%	$76K	$426K	20x	as long as short
Aftermath Perps XAGUSD	+0.0215%	1h	64.911	−0.045%	$78K	$37K	10x	as long as short
Lighter XAG	+0.0224%	1h	64.920	−0.031%	$5.3M	$11.0M	25x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0237% / S −0.0196%	1h	64.915	−0.038%	$92K	—	111x	as long as short
Bullet SILVER-USD	+0.0301%	1h	64.942	+0.003%	$45K	$75K	10x	as long as short
Hibachi XAG/USDT-P	+0.0336%	1h	64.878	−0.095%	$20K	$15K	10x	as long as short
Kraken Futures PF_XAGUSD	+0.0420%	1h	64.904	−0.055%	$1.0M	$868K	25x	as long as short