Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0022%/8h= +2.4% APRpaid last 24h 0.000%

Price spread now: Binance against ApeX Omni+0.211%89s7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as 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−$470.474% of the position

Long on ApeX Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.146%−$15 on $10k

Price spread, last 2 days (all we have)−0.192%−$19 · spread now +0.211%, 7d avg +0.035%

Together, before fees−0.338%−$34 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.175% dearer against ApeX Omni than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.035%. Mind the row above: over the last 7 days funding on this pair cost −0.146%, so the current rate has only just turned in your favour. The two prices were read 89 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	66.420	0.0100	pay 0.0013% / 1h	22m 04s	$126K	$26K	50x
Short	Binance XAGUSDT	66.560	0.0122	get 0.0061% / 4h	22m 04s	$192.7M	$723.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.211%Rate

Funding earned: $4.53
Price spread: +0.211% → +0.035%: $17.55
Slippage, 4 orders: −$27.43
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$25.35
Costs to cover: 0.474%
Break-even: 46.2 days

Slippage from ApeX Omni: live order book, 53 min ago; Binance: live order book, 7 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, 53 min ago	3.78 bp	15.9 bp −$16	50.3 bp −$503	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	0.75 bp	5.8 bp −$6	5.8 bp −$58	7.7 bp −$766	19.0 bp −$9,522

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	66.430	+0.015%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.570	+0.226%	$26.2M	$34.5M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.550	+0.196%	$154.6M	$173.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.540	+0.181%	$2K	$3.0M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.560	+0.211%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.550	+0.196%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.481	+0.093%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.529	+0.165%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.481	+0.091%	$5.5M	$12.2M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.030%	$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
Phoenix SILVER	+0.0036%	1h	66.409	−0.017%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	66.430	+0.015%	$795K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.955	+0.805%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.495	+0.113%	$3.9M	$699K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.482	+0.093%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.400	−0.030%	$5.7M	$10.0M	25x	as long as short
Kalshi KXSILVERPERP	+0.0060%	24h	66.498	+0.117%	$594K	$21.4M	8.1x	as long as short
QFEX SILVER-USD	+0.0061%	1h	66.510	+0.136%	$124K	$2.8M	20x	as long as short
Hotstuff SILVER-PERP	+0.0064%	1h	66.450	+0.045%	$35K	$21K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0073%	1h	66.515	+0.143%	$165.8M	$86.8M	25x	as long as short
Variational Omni XAG	+0.0100%	4h	66.457	+0.056%	$5.6M	$10.1M	—	as long as short
Pacifica XAG	+0.0100%	1h	66.454	+0.051%	$480K	$618K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.500	+0.120%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDTlong	+0.0100%	1h	66.420	long leg	$126K	$26K	50x
Paradex XAG-USD-PERP	+0.0109%	8h	66.505	+0.128%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0112%	4h	66.550	+0.196%	$2.8M	$1.1M	100x	as long as short
Lighter XAG	+0.0120%	1h	66.534	+0.171%	$5.2M	$10.4M	25x	as long as short
MEXC SILVER_USDT	+0.0120%	4h	66.540	+0.181%	$115.0M	$153.2M	1000x	as long as short
Aevo XAG-PERP	+0.0120%	1h	66.522	+0.153%	$48K	—	10x	as long as short
Binance XAGUSDTshort	+0.0122%	4h	66.560	+0.211%	$192.7M	$723.8M	100x
edgeX XAGUSDC	+0.0128%	4h	66.480	+0.090%	$674K	$314K	30x	as long as short
Bitget XAGUSDT	+0.0146%	4h	66.550	+0.196%	$24.3M	$48.1M	100x	as long as short
BloFin XAG-USDT	+0.0146%	4h	66.500	+0.120%	$2.6M	$651K	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0160%	1h	66.410	−0.015%	$1.9M	$848K	20x	as long as short
Aftermath Perps XAGUSD	+0.0166%	1h	66.412	−0.013%	$80K	$40K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0174%	4h	66.458	+0.057%	$396K	$1.5M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0195%	8h	66.560	+0.211%	$27.9M	$66.6M	50x	as long as short
RISEx XAG/USDC	+0.0208%	1h	66.521	+0.152%	$1.3M	$4.2M	20x	as long as short
Bullet SILVER-USD	+0.0257%	1h	66.548	+0.192%	$45K	$76K	10x	as long as short
Nado XAG-PERP	+0.0259%	1h	66.452	+0.048%	$1.3M	$6.6M	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.545	+0.188%	$103K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0296%	1h	66.426	+0.009%	$20K	$22K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0502%	1h	66.540	+0.181%	$50K	$369K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0595%	1h	66.506	+0.129%	$762K	$586K	25x	as long as short