Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0082%/8h= +9.0% APRpaid last 24h +0.013%

Price spread now: Binance against tradeXYZ+0.058%7-day average +0.056% · 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−$32as in the Price arb table

costs, in and out, $10k−$320.322% of the position

Long on tradeXYZ Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.073%−$7 on $10k

Price spread, last 2 days (all we have)0.000%$0 · spread now +0.058%, 7d avg +0.056%

Together, before fees−0.073%+ Points / potential airdroptradeXYZ: Active · farm board−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.056%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.073%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:SILVER	66.278	0.0099	pay 0.0012% / 1h	13m 27s	$165.8M	$76.2M	25x
Short	Binance XAGUSDT	66.316	0.0181	get 0.0091% / 4h	2h 13m	$192.1M	$706.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against tradeXYZ. 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 tradeXYZbpFee BinancebpOrdersPrice spread, now +0.058%Rate

Funding earned: $17.2
Price spread: +0.058% → +0.056%: $0.24
Slippage, 4 orders: −$4.22
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Binance: 5 bp × 2 orders: −$10
Net: −$14.79
Costs to cover: 0.322%
Break-even: 13.0 days

Slippage from tradeXYZ: live order book, 7 min ago; Binance: live order book, 15 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 tradeXYZ live order book, 7 min ago	0.75 bp	11.0 bp −$11	11.3 bp −$113	13.0 bp −$1,301	doesn't fit
Sell Binance live order book, 15 min ago	0.75 bp	5.8 bp −$6	5.9 bp −$59	9.3 bp −$927	24.3 bp −$12.1K

XAG on 43 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	66.296	+0.027%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.320	+0.063%	$153.1M	$164.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.360	+0.124%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.400	+0.184%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.410	+0.199%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.249	−0.044%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.323	+0.068%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.281	+0.005%	$5.4M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.184%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.410	+0.199%	$799K	$2.9M	40x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SI-PERP	+0.0046%	1h	66.762	+0.730%	—	—	25x	as long as short
Ondo Perps XAG-USD.P	+0.0047%	1h	66.220	−0.088%	$5.7M	$9.6M	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.297	+0.029%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.286	+0.012%	$3.9M	$669K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.247	−0.047%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.310	+0.048%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0062%	24h	66.342	+0.097%	$609K	$23.8M	8.1x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.330	+0.078%	$1.2M	$4.4M	20x	as long as short
tradeXYZ xyz:SILVERlong	+0.0099%	1h	66.278	long leg	$165.8M	$76.2M	25x
Pacifica XAG	+0.0100%	1h	66.296	+0.027%	$472K	$606K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.280	+0.003%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.350	+0.109%	$126K	$23K	50x	as long as short
Hotstuff SILVER-PERP	+0.0112%	1h	66.316	+0.057%	$35K	$21K	20x	as long as short
Bybit XAGUSDT	+0.0131%	4h	66.330	+0.078%	$26.5M	$36.4M	150x	as long as short
Aster XAGUSDT	+0.0132%	4h	66.320	+0.063%	$2.7M	$942K	100x	as long as short
Paradex XAG-USD-PERP	+0.0137%	8h	66.338	+0.090%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0166%	4h	66.373	+0.143%	$5.5M	$9.8M	—	as long as short
Aevo XAG-PERP	+0.0168%	1h	66.307	+0.043%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0180%	4h	66.300	+0.033%	$102.7M	$158.6M	1000x	as long as short
Binance XAGUSDTshort	+0.0181%	4h	66.316	+0.058%	$192.1M	$706.8M	100x
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.410	+0.199%	$1.9M	$971K	20x	as long as short
Lighter XAG	+0.0192%	1h	66.332	+0.082%	$5.3M	$10.6M	25x	as long as short
edgeX XAGUSDC	+0.0197%	4h	66.404	+0.191%	$674K	$315K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0212%	8h	66.320	+0.063%	$28.0M	$65.7M	50x	as long as short
Hibachi XAG/USDT-P	+0.0224%	1h	66.320	+0.063%	$20K	$22K	10x	as long as short
Nado XAG-PERP	+0.0225%	1h	66.306	+0.042%	$1.3M	$6.5M	10x	as long as short
Aftermath Perps XAGUSD	+0.0237%	1h	66.322	+0.066%	$80K	$38K	10x	as long as short
Bitget XAGUSDT	+0.0248%	4h	66.320	+0.063%	$23.9M	$46.1M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0266%	4h	66.378	+0.151%	$395K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0287%	1h	66.329	+0.076%	$46K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.325	+0.071%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0463%	1h	66.323	+0.068%	$765K	$478K	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0504%	1h	66.370	+0.139%	$50K	$325K	20x	as long as short