XAG Funding Rate — perpetuals across 16 venues

TradFi perpetual · compared across 16 venues · net of estimated fees · updated every few minutes

XAG is a commodity-linked perpetual referencing XAG. Its price tracks the commodity, not an equity.

Live annualized XAG perpetual funding across all 16 venues Perpia tracks. Right now XAG funding is positive on 12 and negative on 0, ranging from +58.7% on Risex to +0.0% on dYdX — a spread of 58.7%. The widest delta-neutral trade is long Ondo Perps / short Risex at 56.6% net APR.

venues

paying positive

58.7%

funding spread

Best XAG spread now

56.6%

net APR after fees

Long Ondo Perps→Short Risex

max size ≈ $23,419 before slippage

XAG funding trend & liquidity

168h of history

58.7%

current gross APR

21.8%

24h average

24.6%

7-day average

$2.1M

pair OI · lower leg

$4.1M

24h volume · lower leg

Averages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.

XAG funding rate history

30d · 6h buckets · 12 venues

107%0-45.8%

4 Aug3 Sep

XAG — average across 12 venuesAsterExtendedRisexBitget

Annualized funding, averaged into 6-hour buckets. The bold line is the mean across venues quoting in that bucket; the faint lines are individual venues. Mean over the window: +8.4%. A break in a line means no data was recorded for that stretch, not a zero rate.

XAG funding rate by venue

65 pairs scanned

Venue	Funding APR	Interval
Risex ↗	+58.7%	1h
Nado ↗	+15.9%	24h
Bybit ↗	+15.6%	4h
Gate.io ↗	+12.9%	4h
Ostium ↗	+11.5%	1h
Bitget ↗	+11.2%	4h
KuCoin ↗	+10.9%	4h
Hyperliquid ↗	+5.5%	1h
trade.xyz ↗	+5.5%	1h
Extended ↗	+3.5%	1h
OKX ↗	+1.7%	8h
GMTrade ↗	+0.1%	1h
Ondo Perps	+0.0%	1h
Variational ↗	+0.0%	4h
Aster ↗	+0.0%	4h
dYdX ↗	+0.0%	1h

Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the Ondo Perps vs Risex page.

XAG arbitrage — 26-day backtest

long Ondo Perps · short Risex

8.5%

backtested APR

+$60

historical net P&L on $10,000

0.09%

max drawdown

$10,000$10,060

26 days agostarting capital $10,000today

Over the last 26 days, holding long Ondo Perps / short Risex would have produced 8.5% APR — versus the 56.6% the live spread implies right now (equity $10,000 → $10,060). This is a backtest on historical funding, not a live result: funding drifts and decays, so backtested results rarely match the current headline rate — which is why size and holding window matter more than the top-line number.

Open full interactive backtest →

Loading XAG backtest…

XAG funding — FAQ

Is XAG funding positive right now?

XAG perpetual funding is positive on 12 of 16 venues Perpia tracks. The highest is +58.7% on Risex; the lowest is +0.0% on dYdX.

What is the best XAG funding arbitrage right now?

Go long Ondo Perps and short Risex for about 56.6% net APR after fees — the widest delta-neutral XAG spread Perpia currently sees.

Which exchange has the highest XAG funding rate?

Risex, at +58.7% annualized. Funding shifts continuously, so check the live table above before trading.

How XAG funding arbitrage works

Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.

Markets related to XAG

Markets also quoted on both Ondo Perps and Risex — the same two exchanges you would already have funded for the XAG trade.

See every spread between them on the Ondo Perps vs Risex page.

Open the live scanner →All funding rates Funding by exchange How we calculate this