Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0110%/8h= +12.0% APRpaid last 24h +0.018%

Price spread now: Binance against Vest−0.542%57s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Vest Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

Funding pays, the price is against you. Binance is 0.542% cheaper against Vest than usual: you would sell low and buy high (spread −0.542% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$54 on $10k: about 16 days of funding at the current rate (+$3 a day). The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest SI-PERP	66.845	0.0046	pay 0.0006% / 1h	35m 33s	—	—	25x
Short	Binance XAGUSDT	66.482	0.0156	get 0.0078% / 4h	2h 35m	$192.9M	$707.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Vest. 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 VestbpFee BinancebpOrdersPrice spread, now −0.542%Rate

Funding earned: $23.1
Price spread: −0.542% → 0.000%: −$54.25
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Binance: 5 bp × 2 orders: −$10
Net: −$43.15
Costs to cover: 0.120%
Break-even: 20.1 days

Slippage unknown: Vest: no order-book sample; Binance: live order book, 8 min ago. Net counts fees only.

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 Vest no order-book sample	—	—	—	—	—
Sell Binance live order book, 8 min ago	0.75 bp	5.8 bp −$6	7.0 bp −$70	9.9 bp −$990	25.1 bp −$12.5K

Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Hotstuff SILVER-PERP	−0.0008%	1h	66.447	−0.595%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	66.356	−0.731%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.490	−0.531%	$153.5M	$162.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.430	−0.621%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.450	−0.591%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.440	−0.606%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.350	−0.741%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.455	−0.584%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.409	−0.653%	$5.4M	$12.3M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.666%	$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	66.410	−0.651%	$799K	$2.9M	40x	as long as short
Vest SI-PERPlong	+0.0046%	1h	66.845	long leg	—	—	25x
Phoenix SILVER	+0.0048%	1h	66.413	−0.646%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.384	−0.690%	$3.9M	$669K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.348	−0.744%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.380	−0.696%	$5.7M	$9.6M	25x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.460	−0.576%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0061%	24h	66.357	−0.730%	$563K	$23.2M	8.1x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.489	−0.533%	$1.3M	$4.3M	20x	as long as short
Bybit XAGUSDT	+0.0092%	4h	66.500	−0.516%	$26.4M	$35.9M	150x	as long as short
tradeXYZ xyz:SILVER	+0.0095%	1h	66.433	−0.616%	$165.9M	$76.0M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.432	−0.618%	$473K	$605K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.440	−0.606%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.310	−0.800%	$126K	$23K	50x	as long as short
BloFin XAG-USDT	+0.0103%	4h	66.570	−0.411%	$2.6M	$624K	100x	as long as short
Aster XAGUSDT	+0.0117%	4h	66.462	−0.573%	$2.8M	$962K	100x	as long as short
Paradex XAG-USD-PERP	+0.0124%	8h	66.460	−0.575%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0140%	4h	66.405	−0.659%	$5.5M	$9.8M	—	as long as short
Aevo XAG-PERP	+0.0144%	1h	66.416	−0.642%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0152%	4h	66.480	−0.546%	$102.4M	$158.1M	1000x	as long as short
Binance XAGUSDTshort	+0.0156%	4h	66.482	−0.542%	$192.9M	$707.8M	100x
edgeX XAGUSDC	+0.0166%	4h	66.514	−0.496%	$675K	$314K	30x	as long as short
Lighter XAG	+0.0168%	1h	66.472	−0.558%	$5.3M	$10.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.520	−0.486%	$1.9M	$967K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0199%	8h	66.480	−0.546%	$28.0M	$66.0M	50x	as long as short
Aftermath Perps XAGUSD	+0.0219%	1h	66.408	−0.654%	$80K	$38K	10x	as long as short
Nado XAG-PERP	+0.0228%	1h	66.393	−0.676%	$1.3M	$6.5M	10x	as long as short
Bitget XAGUSDT	+0.0228%	4h	66.490	−0.531%	$24.1M	$46.1M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0242%	4h	66.526	−0.478%	$391K	$1.5M	25x	as long as short
Hibachi XAG/USDT-P	+0.0272%	1h	66.302	−0.813%	$20K	$22K	10x	as long as short
Bullet SILVER-USD	+0.0280%	1h	66.416	−0.642%	$45K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0292% / S −0.0281%	1h	66.425	−0.628%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0353%	1h	66.400	−0.666%	$50K	$325K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0462%	1h	66.375	−0.703%	$765K	$475K	25x	as long as short