Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0027%/8h= −3.0% APRpaid last 24h −0.005%

Price spread now: Aster against ApeX Omni+0.061%99s7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$480.479% of the position

Long on ApeX Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.162%−$16 on $10k

Price spread, last 4 days (all we have)−0.061%−$6 · spread now +0.061%, 7d avg +0.016%

Together, before fees−0.224%+ Points / potential airdropAster: Stage 5 · farm board−$22 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.045% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.061% now, against its 7-day average of +0.016%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.6 days. At the pace of the last 7 days (−0.162% in total) that is about 47 hours. The two prices were read 99 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	ApeX Omni XAGUSDT	65.050	0.0100	pay 0.0013% / 1h	45m 54s	$111K	$19K	50x
Short	Aster XAGUSDT	65.090	0.0073	get 0.0036% / 4h	3h 45m	$2.6M	$992K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against ApeX Omni. 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 ApeX OmnibpFee AsterbpOrdersPrice spread, now +0.061%Rate

Funding earned: −$5.7
Price spread: +0.061% → +0.016%: $4.54
Slippage, 4 orders: −$29.94
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$49.11
Costs to cover: 0.479%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 50 min ago; Aster: live order book, 3 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 ApeX Omni live order book, 50 min ago	3.06 bp	23.4 bp −$23	57.2 bp −$572	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	0.77 bp	4.8 bp −$5	6.4 bp −$64	12.4 bp −$1,244	doesn't fit

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	65.046	−0.006%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.120	+0.108%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.160	+0.169%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.150	+0.154%	$1.5M	$291K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.060	+0.016%	$118K	—	250x	as long as short
Variational Omni XAG	+0.0029%	4h	65.124	+0.114%	$5.3M	$9.1M	—	as long as short
Lighter RH XAG	+0.0032%	1h	65.134	+0.129%	$4.6M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.062	+0.019%	$4.9M	$11.8M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+2.075%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.080	+0.046%	$783K	$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-PERP	+0.0046%	1h	65.531	+0.739%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0047%	1h	65.110	+0.092%	$174K	$1.4M	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.058	+0.012%	$3.8M	$890K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.058	+0.012%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	65.020	−0.046%	$5.6M	$9.8M	25x	as long as short
Paradex XAG-USD-PERP	+0.0059%	8h	65.083	+0.051%	$29K	$166	5x	as long as short
Bybit XAGUSDT	+0.0061%	4h	65.090	+0.061%	$27.3M	$39.2M	150x	as long as short
MEXC SILVER_USDT	+0.0062%	4h	65.120	+0.108%	$124.0M	$156.1M	1000x	as long as short
Binance XAGUSDT	+0.0064%	4h	65.080	+0.046%	$193.4M	$761.8M	100x	as long as short
edgeX XAGUSDC	+0.0065%	4h	65.127	+0.119%	$663K	$314K	30x	as long as short
Aevo XAG-PERP	+0.0072%	1h	65.116	+0.101%	$47K	—	10x	as long as short
Aster XAGUSDTshort	+0.0073%	4h	65.090	+0.061%	$2.6M	$992K	100x
Coinbase International SILVER-PERP-INTX	+0.0080%	1h	65.070	+0.031%	$1.6M	$1.4M	20x	as long as short
Kalshi KXSILVERPERP	+0.0083%	24h	65.110	+0.092%	$480K	$33.4M	8.1x	as long as short
Gate XAG_USDT	+0.0090%	4h	65.110	+0.092%	$139.8M	$179.5M	100x	as long as short
Hotstuff SILVER-PERP	+0.0096%	1h	65.075	+0.038%	$35K	$21K	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.045	−0.008%	$463K	$592K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.080	+0.046%	$25.2M	$4.4M	75x	as long as short
ApeX Omni XAGUSDTlong	+0.0100%	1h	65.050	long leg	$111K	$19K	50x
Phoenix SILVER	+0.0111%	1h	65.067	+0.026%	$55K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0150%	1h	65.103	+0.081%	$174.0M	$85.9M	25x	as long as short
Nado XAG-PERP	+0.0154%	1h	65.058	+0.013%	$1.2M	$4.4M	10x	as long as short
RISEx XAG/USDC	+0.0158%	1h	65.126	+0.117%	$1.3M	$4.9M	20x	as long as short
Bitget XAGUSDT	+0.0188%	4h	65.080	+0.046%	$23.2M	$45.1M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0190%	8h	65.090	+0.061%	$28.6M	$72.2M	50x	as long as short
Aftermath Perps XAGUSD	+0.0208%	1h	65.082	+0.049%	$78K	$37K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0211%	1h	65.100	+0.077%	$77K	$418K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.135	+0.131%	$92K	—	111x	as long as short
BloFin XAG-USDT	+0.0248%	4h	65.150	+0.154%	$2.7M	$633K	100x	as long as short
Lighter XAG	+0.0256%	1h	65.132	+0.126%	$5.3M	$10.8M	25x	as long as short
Hibachi XAG/USDT-P	+0.0296%	1h	65.097	+0.072%	$20K	$15K	10x	as long as short
Bullet SILVER-USD	+0.0322%	1h	65.141	+0.140%	$45K	$75K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0396%	4h	65.138	+0.135%	$391K	$1.6M	25x	as long as short
Kraken Futures PF_XAGUSD	+0.0418%	1h	65.102	+0.080%	$1.0M	$868K	25x	as long as short