Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.027%

Price spread now: Gate against ApeX Omni+0.091%96s7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$73as 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−$570.567% of the position

Long on ApeX Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.159%−$16 on $10k

Price spread, last 3 days (all we have)−0.102%−$10 · spread now +0.091%, 7d avg +0.012%

Together, before fees−0.261%−$26 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.079% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.091% now, against its 7-day average of +0.012%): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.6 days. The two prices were read 96 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	66.170	0.0100	pay 0.0013% / 1h	19m 45s	$113K	$26K	50x
Short	Gate XAG_USDT	66.230	0	get 0.0000% / 4h	1h 19m	$146.3M	$173.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.091%Rate

Funding earned: −$21
Price spread: +0.091% → +0.012%: $7.88
Slippage, 4 orders: −$31.75
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$69.87
Costs to cover: 0.567%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 61 min ago; Gate: live order book, 4 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, 61 min ago	9.08 bp	19.5 bp −$20	53.8 bp −$538	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	0.75 bp	9.2 bp −$9	10.5 bp −$105	13.1 bp −$1,313	16.6 bp −$8,318

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
Kraken Futures PF_XAGUSD	−0.0272%	1h	66.203	+0.050%	$766K	$569K	25x	as long as short
dYdX XAG-USD	0.0000%	1h	66.175	+0.008%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.240	+0.106%	$25.6M	$33.3M	150x	as long as short
RISEx XAG/USDC	0.0000%	1h	66.241	+0.107%	$1.3M	$4.2M	20x	as long as short
Gate XAG_USDTshort	0.0000%	4h	66.230	+0.091%	$146.3M	$173.0M	100x
SunX XAG-USDT	0.0000%	4h	66.250	+0.121%	$2K	$3.1M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.260	+0.136%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.250	+0.121%	$1.5M	$248K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.169	−0.001%	$120K	—	250x	as long as short
QFEX SILVER-USD	+0.0016%	1h	66.220	+0.076%	$144K	$2.8M	20x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XAG	+0.0032%	1h	66.221	+0.077%	$4.7M	$9.8M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.168	−0.003%	$5.5M	$12.4M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.348%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.180	+0.015%	$792K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.675	+0.763%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.195	+0.038%	$164.9M	$88.3M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.203	+0.050%	$3.9M	$694K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.165	−0.008%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.130	−0.060%	$5.7M	$9.9M	25x	as long as short
Aster XAGUSDT	+0.0054%	4h	66.250	+0.121%	$2.8M	$1.0M	100x	as long as short
Kalshi KXSILVERPERP	+0.0057%	24h	66.185	+0.023%	$583K	$21.3M	8.1x	as long as short
Bitget XAGUSDT	+0.0058%	4h	66.240	+0.106%	$23.8M	$47.7M	100x	as long as short
Variational Omni XAG	+0.0064%	4h	66.237	+0.101%	$5.5M	$10.5M	—	as long as short
Hotstuff SILVER-PERP	+0.0064%	1h	66.197	+0.041%	$35K	$21K	20x	as long as short
Phoenix SILVER	+0.0073%	1h	66.167	−0.005%	$56K	$26K	25x	as long as short
BloFin XAG-USDT	+0.0075%	4h	66.250	+0.121%	$2.6M	$847K	100x	as long as short
edgeX XAGUSDC	+0.0077%	4h	66.226	+0.085%	$672K	$314K	30x	as long as short
MEXC SILVER_USDT	+0.0078%	4h	66.220	+0.076%	$118.1M	$181.8M	1000x	as long as short
Binance XAGUSDT	+0.0080%	4h	66.230	+0.091%	$189.7M	$727.5M	100x	as long as short
Aevo XAG-PERP	+0.0088%	1h	66.229	+0.089%	$48K	—	10x	as long as short
Pacifica XAG	+0.0100%	1h	66.177	+0.011%	$473K	$625K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.210	+0.060%	$24.3M	$4.5M	75x	as long as short
ApeX Omni XAGUSDTlong	+0.0100%	1h	66.170	long leg	$113K	$26K	50x
GRVT XAG_USDT_Perp	+0.0102%	4h	66.231	+0.092%	$390K	$1.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	66.190	+0.030%	$1.9M	$859K	20x	as long as short
Paradex XAG-USD-PERP	+0.0116%	8h	66.222	+0.078%	$30K	$1K	5x	as long as short
Aftermath Perps XAGUSD	+0.0125%	1h	66.192	+0.034%	$80K	$40K	10x	as long as short
Lighter XAG	+0.0136%	1h	66.218	+0.072%	$5.1M	$11.0M	25x	as long as short
Hibachi XAG/USDT-P	+0.0136%	1h	66.196	+0.039%	$20K	$22K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0169%	8h	66.250	+0.121%	$27.3M	$66.3M	50x	as long as short
Nado XAG-PERP	+0.0220%	1h	66.184	+0.021%	$1.3M	$6.5M	10x	as long as short
Bullet SILVER-USD	+0.0266%	1h	66.234	+0.097%	$44K	$74K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0302% / S −0.0300%	1h	66.235	+0.098%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0354%	1h	66.220	+0.076%	$51K	$359K	20x	as long as short