XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0402%/8h= +44.0% APRnext payment +$0.50 per $10,000 · paid last 24h +0.057%

Price spread now: Deribit against ApeX Omni+0.045%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$600.601% of the position

Long on ApeX Omni Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.021%+$2 on $10k

Price spread, last 3 days (all we have)−0.050%−$5 · spread now +0.045%, 7d avg +0.005%

Together, before fees−0.029%−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Deribit is 0.040% dearer against ApeX Omni than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.005%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.021% in total (about 2.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.50 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni XAGUSDT	66.490	0.0100	pay 0.0013% / 1h	41m 09s	$126K	$23K	50x
Short	Deribit SILVER_USDC-PERPETUAL	66.520	0.0502	get 0.0063% / 1h	41m 09s	$50K	$325K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.045%Rate

Funding earned: $84.47
Price spread: +0.045% → +0.005%: $4.02
Slippage, 4 orders: −$43.1
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $28.39
Costs to cover: 0.601%
Break-even: 4.6 days

Slippage from ApeX Omni: live order book, 24 min ago; Deribit: live order book, 27 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, 24 min ago	9.02 bp	20.7 bp −$21	59.7 bp −$597	doesn't fit	doesn't fit
Sell Deribit live order book, 27 min ago	0.75 bp	10.2 bp −$10	10.6 bp −$106	doesn't fit	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
Hotstuff SILVER-PERP	−0.0032%	1h	66.441	−0.074%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	66.423	−0.101%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.530	+0.060%	$154.6M	$161.9M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.500	+0.015%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.520	+0.045%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.530	+0.060%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.439	−0.076%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.501	+0.016%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.434	−0.084%	$5.4M	$12.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.135%	$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	66.560	+0.105%	$801K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.924	+0.653%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.413	−0.116%	$56K	$26K	25x	as long as short
Ondo Perps XAG-USD.P	+0.0049%	1h	66.370	−0.180%	$5.7M	$9.6M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.456	−0.051%	$3.9M	$669K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.450	−0.060%	$3K	$5K	20x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.490	0.000%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0061%	24h	66.438	−0.078%	$574K	$23.1M	8.1x	as long as short
Bybit XAGUSDT	+0.0065%	4h	66.540	+0.075%	$26.4M	$35.9M	150x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.485	−0.007%	$1.2M	$4.3M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0096%	1h	66.490	0.000%	$166.0M	$79.4M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.418	−0.108%	$473K	$610K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.480	−0.015%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDTlong	+0.0100%	1h	66.490	long leg	$126K	$23K	50x
BloFin XAG-USDT	+0.0103%	4h	66.570	+0.120%	$2.6M	$624K	100x	as long as short
Aster XAGUSDT	+0.0113%	4h	66.490	0.000%	$2.8M	$971K	100x	as long as short
Paradex XAG-USD-PERP	+0.0122%	8h	66.463	−0.040%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0129%	4h	66.505	+0.022%	$5.5M	$9.8M	—	as long as short
Aevo XAG-PERP	+0.0136%	1h	66.507	+0.026%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0146%	4h	66.520	+0.045%	$108.2M	$156.6M	1000x	as long as short
Binance XAGUSDT	+0.0148%	4h	66.525	+0.053%	$193.1M	$707.9M	100x	as long as short
edgeX XAGUSDC	+0.0153%	4h	66.569	+0.118%	$676K	$313K	30x	as long as short
Lighter XAG	+0.0160%	1h	66.517	+0.041%	$5.4M	$10.4M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.520	+0.045%	$1.9M	$967K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0197%	8h	66.520	+0.045%	$28.1M	$66.0M	50x	as long as short
Bitget XAGUSDT	+0.0220%	4h	66.540	+0.075%	$24.4M	$45.9M	100x	as long as short
Aftermath Perps XAGUSD	+0.0223%	1h	66.470	−0.031%	$80K	$38K	10x	as long as short
Nado XAG-PERP	+0.0223%	1h	66.432	−0.087%	$1.3M	$6.5M	10x	as long as short
GRVT XAG_USDT_Perp	+0.0238%	4h	66.591	+0.151%	$395K	$1.5M	25x	as long as short
Hibachi XAG/USDT-P	+0.0280%	1h	66.430	−0.091%	$20K	$22K	10x	as long as short
Bullet SILVER-USD	+0.0281%	1h	66.500	+0.015%	$45K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0292% / S −0.0281%	1h	66.485	−0.008%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0462%	1h	66.466	−0.036%	$766K	$491K	25x	as long as short
Deribit SILVER_USDC-PERPETUALshort	+0.0502%	1h	66.520	+0.045%	$50K	$325K	20x