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 +0.013%

Price spread now: MEXC against tradeXYZ+0.073%7-day average +0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$200.203% of the position

Long on tradeXYZ Short on MEXC

What this pair did over the last

the charts below follow

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

Price spread, last 7 days+0.001%$0 · spread now +0.073%, 7d avg +0.066%

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 +0.066%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.074%, 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	66.142	0.0095	pay 0.0012% / 1h	59m 54s	$165.4M	$73.9M	25x
Short	MEXC SILVER_USDT	66.190	0.0192	get 0.0096% / 4h	59m 54s	$107.8M	$154.4M	1000x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.073%Rate

Funding earned: $20.33
Price spread: +0.073% → +0.066%: $0.7
Slippage, 4 orders: −$2.31
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee MEXC: 0 bp × 2 orders: $0
Net: $0.72
Costs to cover: 0.203%
Break-even: 6.8 days

Slippage from tradeXYZ: live order book, 10 min ago; MEXC: 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, 10 min ago	0.08 bp	9.5 bp −$9	10.0 bp −$100	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.76 bp	0.8 bp −$1	0.8 bp −$8	0.8 bp −$76	3.3 bp −$1,671

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	66.087	−0.083%	$15K	—	5x	as long as short
Hotstuff SILVER-PERP	0.0000%	1h	66.127	−0.023%	$35K	$21K	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.210	+0.103%	$149.9M	$165.6M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.190	+0.073%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.190	+0.073%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.210	+0.103%	$1.5M	$256K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.106	−0.054%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.168	+0.039%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.121	−0.031%	$5.2M	$11.9M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.390%	$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
Ondo Perps XAG-USD.P	+0.0040%	1h	66.050	−0.139%	$5.7M	$9.7M	25x	as long as short
StandX XAG-USD	+0.0040%	1h	66.180	+0.057%	$796K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.593	+0.682%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.129	−0.020%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.111	−0.047%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.160	+0.027%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0066%	24h	66.153	+0.017%	$546K	$24.8M	8.1x	as long as short
Phoenix SILVER	+0.0084%	1h	66.097	−0.068%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVERlong	+0.0095%	1h	66.142	long leg	$165.4M	$73.9M	25x
Pacifica XAG	+0.0100%	1h	66.108	−0.051%	$470K	$612K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.140	−0.003%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.110	−0.048%	$113K	$30K	50x	as long as short
Aster XAGUSDT	+0.0126%	4h	66.190	+0.073%	$2.7M	$876K	100x	as long as short
Paradex XAG-USD-PERP	+0.0129%	8h	66.160	+0.026%	$30K	$1K	5x	as long as short
Bybit XAGUSDT	+0.0134%	4h	66.210	+0.103%	$26.9M	$36.0M	150x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.167	+0.038%	$48K	—	10x	as long as short
Variational Omni XAG	+0.0181%	4h	66.181	+0.060%	$5.6M	$9.8M	—	as long as short
RISEx XAG/USDC	+0.0181%	1h	66.170	+0.042%	$1.3M	$4.4M	20x	as long as short
Lighter XAG	+0.0184%	1h	66.173	+0.047%	$5.2M	$10.6M	25x	as long as short
MEXC SILVER_USDTshort	+0.0192%	4h	66.190	+0.073%	$107.8M	$154.4M	1000x
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.180	+0.057%	$1.8M	$1.0M	20x	as long as short
Binance XAGUSDT	+0.0192%	4h	66.200	+0.088%	$192.3M	$704.1M	100x	as long as short
edgeX XAGUSDC	+0.0198%	4h	66.162	+0.031%	$671K	$315K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0217%	8h	66.210	+0.103%	$27.7M	$65.9M	50x	as long as short
Nado XAG-PERP	+0.0224%	1h	66.104	−0.058%	$1.3M	$6.5M	10x	as long as short
Aftermath Perps XAGUSD	+0.0229%	1h	66.154	+0.017%	$80K	$37K	10x	as long as short
BloFin XAG-USDT	+0.0233%	4h	66.180	+0.057%	$2.6M	$551K	100x	as long as short
Bitget XAGUSDT	+0.0240%	4h	66.200	+0.088%	$23.8M	$45.6M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0256%	4h	66.163	+0.031%	$397K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0274%	1h	66.179	+0.056%	$45K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0296%	1h	66.100	−0.063%	$20K	$19K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0355%	1h	66.160	+0.027%	$63K	$337K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0363% / S −0.0391%	1h	66.185	+0.065%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0550%	1h	66.147	+0.008%	$913K	$674K	25x	as long as short