Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.014%

Price spread now: SunX against Vest−0.613%7-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 SunX

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and SunX is 0.613% cheaper against Vest than usual: you would sell low and buy high (−$61 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest SI-PERP	65.431	0.0046	pay 0.0006% / 1h	19m 48s	—	—	25x
Short	SunX XAG-USDT	65.030	0	get 0.0000% / 4h	3h 19m	$2K	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.613%Rate

Funding earned: −$9.59
Price spread: −0.613% → 0.000%: −$61.29
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee SunX: 4 bp × 2 orders: −$8
Net: −$80.88
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; SunX: 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 SunX live order book, 8 min ago	30.10 bp	34.1 bp −$34	doesn't fit	doesn't fit	doesn't fit

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
dYdX XAG-USD	0.0000%	1h	65.013	−0.639%	$12K	$6K	5x	as long as short
SunX XAG-USDTshort	0.0000%	4h	65.030	−0.613%	$2K	$2.4M	20x
HTX XAG-USDT	0.0000%	4h	65.030	−0.613%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.030	−0.613%	$1.5M	$346K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	64.953	−0.730%	$117K	—	250x	as long as short
Gate XAG_USDT	+0.0016%	4h	65.130	−0.460%	$138.3M	$187.9M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.068	−0.555%	$4.5M	$9.9M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	64.973	−0.701%	$5.0M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	64.602	−1.267%	$11K	$240	52x	as long as short
StandX XAG-USD	+0.0040%	1h	64.970	−0.705%	$781K	$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-PERPlong	+0.0046%	1h	65.431	long leg	—	—	25x
QFEX SILVER-USD	+0.0047%	1h	65.000	−0.659%	$446K	$1.5M	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	64.990	−0.674%	$3.8M	$890K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	64.953	−0.731%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	64.900	−0.812%	$5.6M	$10.1M	25x	as long as short
Variational Omni XAG	+0.0065%	4h	65.026	−0.620%	$5.4M	$9.2M	—	as long as short
edgeX XAGUSDC	+0.0071%	4h	64.801	−0.963%	$660K	$314K	30x	as long as short
Paradex XAG-USD-PERP	+0.0076%	8h	65.002	−0.655%	$29K	$166	5x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0080%	1h	64.840	−0.903%	$1.6M	$1.5M	20x	as long as short
Kalshi KXSILVERPERP	+0.0087%	24h	64.993	−0.669%	$488K	$35.1M	8.1x	as long as short
MEXC SILVER_USDT	+0.0094%	4h	65.080	−0.536%	$124.0M	$160.3M	1000x	as long as short
Pacifica XAG	+0.0100%	1h	64.949	−0.737%	$463K	$591K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.020	−0.628%	$25.1M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	64.750	−1.041%	$111K	$19K	50x	as long as short
Aevo XAG-PERP	+0.0104%	1h	65.017	−0.632%	$47K	—	10x	as long as short
Binance XAGUSDT	+0.0105%	4h	65.070	−0.552%	$198.4M	$790.4M	100x	as long as short
Phoenix SILVER	+0.0111%	1h	64.615	−1.247%	$55K	$31K	25x	as long as short
Aster XAGUSDT	+0.0122%	4h	65.070	−0.552%	$2.7M	$1.0M	100x	as long as short
Hotstuff SILVER-PERP	+0.0128%	1h	64.968	−0.708%	$35K	$21K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0136%	1h	65.068	−0.555%	$173.5M	$89.0M	25x	as long as short
RISEx XAG/USDC	+0.0158%	1h	65.030	−0.612%	$1.2M	$4.9M	20x	as long as short
Nado XAG-PERP	+0.0166%	1h	64.979	−0.691%	$1.2M	$4.2M	10x	as long as short
OKX XAG-USDT-SWAP	+0.0210%	8h	65.070	−0.552%	$29.1M	$76.3M	50x	as long as short
Aftermath Perps XAGUSD	+0.0218%	1h	64.827	−0.923%	$78K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0220%	4h	65.120	−0.475%	$23.0M	$48.4M	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0237% / S −0.0196%	1h	65.025	−0.621%	$92K	—	111x	as long as short
Lighter XAG	+0.0240%	1h	65.088	−0.524%	$5.2M	$11.3M	25x	as long as short
GRVT XAG_USDT_Perp	+0.0298%	4h	64.847	−0.893%	$386K	$1.6M	25x	as long as short
Bullet SILVER-USD	+0.0310%	1h	65.025	−0.620%	$45K	$75K	10x	as long as short
BloFin XAG-USDT	+0.0336%	4h	64.980	−0.689%	$2.7M	$697K	100x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0366%	1h	65.010	−0.643%	$76K	$435K	20x	as long as short
Hibachi XAG/USDT-P	+0.0368%	1h	64.890	−0.827%	$20K	$15K	10x	as long as short
Bybit XAGUSDT	+0.0382%	4h	65.080	−0.536%	$30.2M	$43.6M	150x	as long as short
Kraken Futures PF_XAGUSD	+0.0419%	1h	65.003	−0.654%	$1.0M	$894K	25x	as long as short