Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Lighter RH against SunX−0.036%7-day average −0.047% · you buy dearer than you sell

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

Long on SunX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.069%+$7 on $10k

Price spread, last 3 days (all we have)−0.046%−$5 · spread now −0.036%, 7d avg −0.047%

Together, before fees+0.024%+ Points / potential airdropLighter RH: Points live · farm board+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.047%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XAG-USDT	66.530	0	get 0.0000% / 4h	3h 22m	$2K	$3.0M	20x
Short	Lighter RH XAG	66.506	0.0032	get 0.0004% / 1h	22m 20s	$4.8M	$9.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against SunX. 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 SunXbpFee Lighter RHbpOrdersPrice spread, now −0.036%Rate

Funding earned: $6.72
Price spread: −0.036% → −0.047%: $1.07
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$0.21
Costs to cover: 0.080%
Break-even: 7.2 days

Slippage unknown: SunX: live order book, 5 min ago; Lighter RH: 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 SunX live order book, 5 min ago	256.33 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Lighter RH live order book, 1 min ago	1.11 bp	1.1 bp −$1	1.7 bp −$17	21.5 bp −$2,145	doesn't fit

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	−0.162%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.490	−0.060%	$25.6M	$35.6M	150x	as long as short
Hotstuff SILVER-PERP	0.0000%	1h	66.485	−0.068%	$35K	$21K	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.490	−0.060%	$154.9M	$168.4M	100x	as long as short
SunX XAG-USDTlong	0.0000%	4h	66.530	long leg	$2K	$3.0M	20x
HTX XAG-USDT	0.0000%	4h	66.530	0.000%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.550	+0.030%	$1.5M	$252K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.419	−0.167%	$120K	—	250x	as long as short
Lighter RH XAGshort	+0.0032%	1h	66.506	−0.036%	$4.8M	$9.5M	25x
Extended XAG-USD	+0.0032%	1h	66.452	−0.117%	$5.4M	$12.4M	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	−0.195%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.480	−0.075%	$800K	$2.7M	40x	as long as short
BloFin XAG-USDT	+0.0045%	4h	66.540	+0.015%	$2.6M	$709K	100x	as long as short
Vest SI-PERP	+0.0046%	1h	66.932	+0.604%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.473	−0.086%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.461	−0.104%	$3.9M	$700K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.446	−0.126%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.430	−0.150%	$5.7M	$9.6M	25x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.490	−0.060%	$115K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0054%	1h	66.448	−0.123%	$165.3M	$84.8M	25x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.411	−0.179%	$562K	$21.5M	8.1x	as long as short
Aster XAGUSDT	+0.0085%	4h	66.502	−0.042%	$2.8M	$1.1M	100x	as long as short
Variational Omni XAG	+0.0089%	4h	66.514	−0.024%	$5.6M	$9.9M	—	as long as short
Paradex XAG-USD-PERP	+0.0099%	8h	66.510	−0.029%	$30K	$1K	5x	as long as short
Pacifica XAG	+0.0100%	1h	66.465	−0.098%	$474K	$623K	10x	as long as short
MEXC SILVER_USDT	+0.0100%	4h	66.490	−0.060%	$108.4M	$160.4M	1000x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.470	−0.090%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.480	−0.075%	$126K	$24K	50x	as long as short
Binance XAGUSDT	+0.0101%	4h	66.492	−0.057%	$192.5M	$722.3M	100x	as long as short
Aevo XAG-PERP	+0.0104%	1h	66.497	−0.049%	$48K	—	10x	as long as short
edgeX XAGUSDC	+0.0112%	4h	66.508	−0.032%	$675K	$314K	30x	as long as short
Lighter XAG	+0.0120%	1h	66.508	−0.033%	$5.4M	$10.5M	25x	as long as short
GRVT XAG_USDT_Perp	+0.0138%	4h	66.523	−0.011%	$391K	$1.5M	25x	as long as short
RISEx XAG/USDC	+0.0148%	1h	66.500	−0.045%	$1.3M	$4.2M	20x	as long as short
Nado XAG-PERP	+0.0170%	1h	66.446	−0.126%	$1.3M	$6.5M	10x	as long as short
Bitget XAGUSDT	+0.0174%	4h	66.500	−0.045%	$24.5M	$47.9M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.460	−0.105%	$1.9M	$930K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0190%	8h	66.490	−0.060%	$27.9M	$67.2M	50x	as long as short
Aftermath Perps XAGUSD	+0.0198%	1h	66.489	−0.061%	$80K	$39K	10x	as long as short
Bullet SILVER-USD	+0.0228%	1h	66.505	−0.038%	$45K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0232%	1h	66.451	−0.118%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.525	−0.008%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0352%	1h	66.500	−0.045%	$50K	$336K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0489%	1h	66.469	−0.091%	$764K	$565K	25x	as long as short