Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.006%

Price spread now: Bybit against tradeXYZ+0.066%7-day average +0.089% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$320.316% of the position

Long on tradeXYZ Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.091%−$9 on $10k

Price spread, last 7 days+0.018%+$2 · spread now +0.066%, 7d avg +0.089%

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

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.024% cheaper against tradeXYZ than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.089%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:SILVER	65.347	0.0050	pay 0.0006% / 1h	24m 10s	$170.3M	$83.5M	25x
Short	Bybit XAGUSDT	65.390	0	get 0.0000% / 4h	1h 24m	$27.9M	$40.0M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.066%Rate

Funding earned: −$10.5
Price spread: +0.066% → +0.089%: −$2.36
Slippage, 4 orders: −$2.61
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$44.48
Costs to cover: 0.316%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 6 min ago; Bybit: live order book, 5 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, 6 min ago	0.08 bp	9.1 bp −$9	9.8 bp −$98	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	0.76 bp	6.3 bp −$6	8.4 bp −$84	17.4 bp −$1,740	48.4 bp −$24.2K

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
Hibachi XAG/USDT-P	−0.0176%	1h	65.320	−0.041%	$20K	$19K	10x	as long as short
Ondo Perps XAG-USD.P	−0.0087%	1h	65.240	−0.164%	$5.6M	$9.7M	25x	as long as short
Hotstuff SILVER-PERP	−0.0040%	1h	65.321	−0.040%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	65.295	−0.079%	$12K	$5K	5x	as long as short
Bybit XAGUSDTshort	0.0000%	4h	65.390	+0.066%	$27.9M	$40.0M	150x
SunX XAG-USDT	0.0000%	4h	65.370	+0.035%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.410	+0.096%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.390	+0.066%	$1.5M	$280K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.320	−0.042%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0026%	4h	65.390	+0.066%	$141.1M	$182.6M	100x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XAG	+0.0032%	1h	65.369	+0.034%	$4.6M	$9.8M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.309	−0.057%	$5.1M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.611%	$11K	$94K	52x	as long as short
Variational Omni XAG	+0.0035%	4h	65.364	+0.025%	$5.5M	$9.4M	—	as long as short
Aster XAGUSDT	+0.0039%	4h	65.346	−0.001%	$2.7M	$975K	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.360	+0.020%	$786K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.776	+0.656%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0050%	1h	65.350	+0.005%	$152K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVERlong	+0.0050%	1h	65.347	long leg	$170.3M	$83.5M	25x
Polymarket Perps SILVER-USD	+0.0050%	1h	65.316	−0.047%	$3.8M	$718K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.313	−0.052%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0055%	8h	65.344	−0.005%	$29K	$1K	5x	as long as short
MEXC SILVER_USDT	+0.0060%	4h	65.360	+0.020%	$116.1M	$157.5M	1000x	as long as short
Binance XAGUSDT	+0.0060%	4h	65.385	+0.059%	$191.0M	$763.6M	100x	as long as short
RISEx XAG/USDC	+0.0061%	1h	65.368	+0.032%	$1.2M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0061%	1h	65.347	0.000%	$56K	$31K	25x	as long as short
edgeX XAGUSDC	+0.0066%	4h	65.342	−0.008%	$665K	$312K	30x	as long as short
Aevo XAG-PERP	+0.0072%	1h	65.364	+0.026%	$47K	—	10x	as long as short
Kalshi KXSILVERPERP	+0.0077%	24h	65.330	−0.026%	$517K	$31.0M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	65.308	−0.060%	$467K	$624K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.340	−0.011%	$25.3M	$5.0M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.290	−0.087%	$112K	$19K	50x	as long as short
GRVT XAG_USDT_Perp	+0.0116%	4h	65.363	+0.024%	$385K	$1.6M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0120%	1h	65.320	−0.041%	$1.6M	$1.4M	20x	as long as short
Nado XAG-PERP	+0.0129%	1h	65.320	−0.042%	$1.2M	$5.4M	10x	as long as short
Lighter XAG	+0.0144%	1h	65.372	+0.039%	$5.4M	$11.4M	25x	as long as short
Bitget XAGUSDT	+0.0174%	4h	65.380	+0.050%	$23.8M	$46.4M	100x	as long as short
Bullet SILVER-USD	+0.0179%	1h	65.365	+0.028%	$44K	$76K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0183%	8h	65.380	+0.050%	$28.0M	$70.7M	50x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.350	+0.005%	$65K	$379K	20x	as long as short
Aftermath Perps XAGUSD	+0.0222%	1h	65.331	−0.024%	$79K	$37K	10x	as long as short
BloFin XAG-USDT	+0.0242%	4h	65.340	−0.011%	$2.6M	$611K	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0273% / S −0.0241%	1h	65.365	+0.028%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0493%	1h	65.333	−0.022%	$915K	$746K	25x	as long as short