Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h +0.019%

Price spread now: tradeXYZ against SunX−0.056%7-day average −0.072% · you buy dearer than you sell

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$860.865% of the position

Long on SunX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.133%+$13 on $10k

Price spread, last 4 days (all we have)−0.176%−$18 · spread now −0.056%, 7d avg −0.072%

Together, before fees−0.043%+ Points / potential airdroptradeXYZ: Active · farm board−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.072%, so right now this pair is about funding alone: +$3 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	66.360	0	get 0.0000% / 4h	1h 21m	$2K	$2.7M	20x
Short	tradeXYZ xyz:SILVER	66.323	0.0097	get 0.0012% / 1h	21m 24s	$166.1M	$73.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.056%Rate

Funding earned: $20.41
Price spread: −0.056% → −0.072%: $1.63
Slippage, 4 orders: −$60.5
Fee SunX: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$64.46
Costs to cover: 0.865%
Break-even: 29.1 days

Slippage from SunX: live order book, 6 min ago; tradeXYZ: live order book, 7 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 SunX live order book, 6 min ago	29.40 bp	33.4 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 7 min ago	0.53 bp	9.7 bp −$10	10.7 bp −$107	12.0 bp −$1,195	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	66.268	−0.139%	$15K	—	5x	as long as short
Hotstuff SILVER-PERP	0.0000%	1h	66.324	−0.054%	$35K	$21K	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.370	+0.015%	$150.4M	$164.4M	100x	as long as short
SunX XAG-USDTlong	0.0000%	4h	66.360	long leg	$2K	$2.7M	20x
HTX XAG-USDT	0.0000%	4h	66.380	+0.030%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.350	−0.015%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.287	−0.109%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.346	−0.022%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.287	−0.110%	$5.3M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.060%	$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	66.290	−0.105%	$797K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.788	+0.645%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.306	−0.081%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.284	−0.115%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.230	−0.196%	$5.7M	$9.8M	25x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.340	−0.030%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0065%	24h	66.330	−0.045%	$537K	$24.6M	8.1x	as long as short
Phoenix SILVER	+0.0084%	1h	66.304	−0.084%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVERshort	+0.0097%	1h	66.323	−0.056%	$166.1M	$73.5M	25x
Pacifica XAG	+0.0100%	1h	66.299	−0.092%	$472K	$610K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.320	−0.060%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.340	−0.030%	$113K	$30K	50x	as long as short
Paradex XAG-USD-PERP	+0.0132%	8h	66.349	−0.017%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0134%	4h	66.350	−0.015%	$2.7M	$877K	100x	as long as short
Bybit XAGUSDT	+0.0147%	4h	66.380	+0.030%	$26.9M	$36.1M	150x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.346	−0.021%	$48K	—	10x	as long as short
BloFin XAG-USDT	+0.0181%	4h	66.340	−0.030%	$2.6M	$553K	100x	as long as short
RISEx XAG/USDC	+0.0181%	1h	66.365	+0.008%	$1.3M	$4.5M	20x	as long as short
Variational Omni XAG	+0.0184%	4h	66.321	−0.058%	$5.6M	$9.8M	—	as long as short
Lighter XAG	+0.0192%	1h	66.353	−0.010%	$5.3M	$10.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.320	−0.060%	$1.8M	$996K	20x	as long as short
MEXC SILVER_USDT	+0.0194%	4h	66.360	0.000%	$106.0M	$153.7M	1000x	as long as short
Binance XAGUSDT	+0.0195%	4h	66.357	−0.004%	$192.2M	$705.4M	100x	as long as short
Nado XAG-PERP	+0.0214%	1h	66.308	−0.079%	$1.3M	$6.6M	10x	as long as short
edgeX XAGUSDC	+0.0215%	4h	66.339	−0.031%	$673K	$314K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0217%	8h	66.360	0.000%	$27.8M	$65.9M	50x	as long as short
Aftermath Perps XAGUSD	+0.0230%	1h	66.307	−0.080%	$80K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0244%	4h	66.360	0.000%	$23.9M	$45.7M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0268%	4h	66.396	+0.054%	$402K	$1.5M	25x	as long as short
Hibachi XAG/USDT-P	+0.0272%	1h	66.300	−0.090%	$20K	$19K	10x	as long as short
Bullet SILVER-USD	+0.0278%	1h	66.359	−0.002%	$45K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0353% / S −0.0375%	1h	66.355	−0.008%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0504%	1h	66.350	−0.015%	$50K	$322K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0549%	1h	66.324	−0.054%	$915K	$671K	25x	as long as short