Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0127%/8h= +13.9% APRpaid last 24h +0.046%

Price spread now: Bitget against tradeXYZ+0.048%7-day average +0.080% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

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

costs, in and out, $10k−$330.332% of the position

Long on tradeXYZ Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 7 days+0.019%+$2 · spread now +0.048%, 7d avg +0.080%

Together, before fees+0.003%+ Points / potential airdroptradeXYZ: Active · farm board$0 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.032% cheaper against tradeXYZ than usual: you would sell low and buy high (spread +0.048% now, against its 7-day average of +0.080%). If the spread goes back, that is −$3 on $10k: about 20 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:SILVER	66.078	0.0133	pay 0.0017% / 1h	35m 03s	$165.4M	$73.9M	25x
Short	Bitget XAGUSDT	66.110	0.0260	get 0.0130% / 4h	35m 03s	$23.8M	$45.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.048%Rate

Funding earned: $26.68
Price spread: +0.048% → +0.080%: −$3.15
Slippage, 4 orders: −$3.16
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$9.63
Costs to cover: 0.332%
Break-even: 9.5 days

Slippage from tradeXYZ: live order book, 5 min ago; Bitget: live order book, 4 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, 5 min ago	0.15 bp	9.5 bp −$9	9.6 bp −$96	11.2 bp −$1,116	doesn't fit
Sell Bitget live order book, 4 min ago	0.76 bp	6.8 bp −$7	8.7 bp −$87	16.8 bp −$1,678	51.4 bp −$25.7K

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	66.022	−0.084%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.120	+0.064%	$150.0M	$163.2M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.110	+0.048%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.140	+0.094%	$1.0M	$978K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.120	+0.064%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.040	−0.058%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.094	+0.025%	$4.8M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.036	−0.064%	$5.2M	$11.7M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.487%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.130	+0.079%	$795K	$3.0M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SI-PERP	+0.0046%	1h	66.532	+0.687%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.065	−0.020%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.041	−0.056%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	65.980	−0.148%	$5.7M	$9.6M	25x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.090	+0.018%	$115K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0060%	1h	66.050	−0.042%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0069%	24h	66.065	−0.020%	$518K	$25.5M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	66.038	−0.061%	$470K	$619K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.080	+0.003%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.070	−0.012%	$113K	$30K	50x	as long as short
Hotstuff SILVER-PERP	+0.0120%	1h	66.074	−0.006%	$35K	$21K	20x	as long as short
tradeXYZ xyz:SILVERlong	+0.0133%	1h	66.078	long leg	$165.4M	$73.9M	25x
RISEx XAG/USDC	+0.0137%	1h	66.106	+0.042%	$1.3M	$4.5M	20x	as long as short
Aster XAGUSDT	+0.0147%	4h	66.100	+0.033%	$2.7M	$876K	100x	as long as short
Paradex XAG-USD-PERP	+0.0152%	8h	66.087	+0.013%	$30K	$1K	5x	as long as short
Bybit XAGUSDT	+0.0157%	4h	66.130	+0.079%	$27.0M	$36.2M	150x	as long as short
Nado XAG-PERP	+0.0194%	1h	66.038	−0.061%	$1.3M	$6.5M	10x	as long as short
Lighter XAG	+0.0200%	1h	66.102	+0.036%	$5.2M	$10.5M	25x	as long as short
Aevo XAG-PERP	+0.0200%	1h	66.103	+0.037%	$47K	—	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.130	+0.079%	$1.8M	$999K	20x	as long as short
BloFin XAG-USDT	+0.0201%	4h	66.110	+0.048%	$2.6M	$554K	100x	as long as short
Variational Omni XAG	+0.0210%	4h	66.123	+0.069%	$5.6M	$9.7M	—	as long as short
MEXC SILVER_USDT	+0.0216%	4h	66.100	+0.033%	$109.2M	$152.5M	1000x	as long as short
Binance XAGUSDT	+0.0217%	4h	66.107	+0.044%	$192.7M	$701.1M	100x	as long as short
edgeX XAGUSDC	+0.0220%	4h	66.135	+0.086%	$671K	$311K	30x	as long as short
Aftermath Perps XAGUSD	+0.0230%	1h	66.074	−0.006%	$80K	$37K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0231%	8h	66.120	+0.064%	$27.8M	$65.4M	50x	as long as short
Bitget XAGUSDTshort	+0.0260%	4h	66.110	+0.048%	$23.8M	$45.7M	100x
GRVT XAG_USDT_Perp	+0.0286%	4h	66.160	+0.124%	$389K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0310%	1h	66.109	+0.048%	$45K	$76K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0356%	1h	66.090	+0.018%	$62K	$348K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0375% / S −0.0409%	1h	66.115	+0.056%	$103K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0376%	1h	66.080	+0.003%	$20K	$19K	10x	as long as short
Kraken Futures PF_XAGUSD	+0.0485%	1h	66.067	−0.016%	$911K	$676K	25x	as long as short