Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0167%/8h= +18.3% APRpaid last 24h +0.046%

Price spread now: OKX against SunX+0.031%7-day average −0.019% · you sell dearer than you buy

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

Long on SunX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.074%+$7 on $10k

Price spread, last 4 days (all we have)−0.083%−$8 · spread now +0.031%, 7d avg −0.019%

Together, before fees−0.009%−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and OKX is 0.049% dearer against SunX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XAG-USDT	65.340	0	get 0.0000% / 4h	34m 58s	$2K	$2.5M	20x
Short	OKX XAG-USDT-SWAP	65.360	0.0167	get 0.0167% / 8h	34m 58s	$28.2M	$70.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.031%Rate

Funding earned: $35.04
Price spread: +0.031% → −0.019%: $4.93
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: $21.97
Costs to cover: 0.180%
Break-even: 2.6 days

Slippage unknown: SunX: live order book, 2 min ago; OKX: live order book, 4 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, 2 min ago	261.01 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	0.76 bp	5.8 bp −$6	6.4 bp −$64	12.5 bp −$1,251	41.8 bp −$20.9K

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	−0.0042%	1h	65.260	−0.122%	$5.6M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.297	−0.066%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.370	+0.046%	$27.8M	$39.3M	150x	as long as short
SunX XAG-USDTlong	0.0000%	4h	65.340	long leg	$2K	$2.5M	20x
HTX XAG-USDT	0.0000%	4h	65.370	+0.046%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.360	+0.031%	$1.5M	$281K	100x	as long as short
Variational Omni XAG	0.0000%	4h	65.332	−0.012%	$5.5M	$9.1M	—	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.290	−0.076%	$118K	—	250x	as long as short
Hotstuff SILVER-PERP	+0.0024%	1h	65.316	−0.037%	$35K	$21K	20x	as long as short
Aster XAGUSDT	+0.0024%	4h	65.360	+0.031%	$2.7M	$928K	100x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance XAGUSDT	+0.0028%	4h	65.360	+0.031%	$191.7M	$753.2M	100x	as long as short
MEXC SILVER_USDT	+0.0028%	4h	65.360	+0.031%	$118.8M	$157.3M	1000x	as long as short
Lighter RH XAG	+0.0032%	1h	65.362	+0.034%	$4.6M	$9.8M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.309	−0.048%	$5.1M	$11.6M	10x	as long as short
edgeX XAGUSDC	+0.0032%	4h	65.342	+0.003%	$665K	$313K	30x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.622%	$11K	$94K	52x	as long as short
Gate XAG_USDT	+0.0034%	4h	65.380	+0.061%	$140.9M	$178.2M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.380	+0.061%	$786K	$2.9M	40x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.340	0.000%	$157K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.774	+0.664%	—	—	25x	as long as short
Aevo XAG-PERP	+0.0048%	1h	65.334	−0.009%	$47K	—	10x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.332	−0.012%	$169.8M	$81.6M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.319	−0.032%	$3.8M	$856K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.291	−0.075%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0052%	8h	65.330	−0.016%	$29K	$1K	5x	as long as short
Phoenix SILVER	+0.0061%	1h	65.297	−0.066%	$56K	$31K	25x	as long as short
Kalshi KXSILVERPERP	+0.0079%	24h	65.331	−0.014%	$531K	$31.8M	8.1x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	65.300	−0.061%	$1.6M	$1.4M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.297	−0.065%	$465K	$611K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.330	−0.015%	$25.3M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.310	−0.046%	$112K	$19K	50x	as long as short
BloFin XAG-USDT	+0.0111%	4h	65.360	+0.031%	$2.7M	$575K	100x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.365	+0.039%	$1.2M	$4.8M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0128%	4h	65.357	+0.026%	$384K	$1.6M	25x	as long as short
Bitget XAGUSDT	+0.0154%	4h	65.370	+0.046%	$23.3M	$44.8M	100x	as long as short
Lighter XAG	+0.0160%	1h	65.354	+0.021%	$5.3M	$11.1M	25x	as long as short
Nado XAG-PERP	+0.0160%	1h	65.315	−0.038%	$1.2M	$4.7M	10x	as long as short
OKX XAG-USDT-SWAPshort	+0.0167%	8h	65.360	+0.031%	$28.2M	$70.0M	50x
Aftermath Perps XAGUSD	+0.0181%	1h	65.330	−0.015%	$79K	$37K	10x	as long as short
Hibachi XAG/USDT-P	+0.0184%	1h	65.330	−0.016%	$20K	$17K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.340	0.000%	$65K	$390K	20x	as long as short
Bullet SILVER-USD	+0.0221%	1h	65.363	+0.035%	$45K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.355	+0.023%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0363%	1h	65.320	−0.031%	$1.0M	$868K	25x	as long as short