Settings8H · net · $10k
Funding arb · Price arb /

XAG

RWAall XAG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h +0.047%
Price spread now: GMX against ApeX Omni+0.162%52s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and GMX is 0.162% dearer against ApeX Omni than usual: you sell high and buy low: +$16 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni XAGUSDT64.9200.0100pay 0.0013% / 1h19m 14s$111K$19K50x
ShortGMX SILVER/USD [ETH-USDC]65.025L +0.0237% / S −0.0196%get 0.0024% / 1h19m 14s$92K111x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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

Funding earned
$20.11
Price spread: +0.162% → 0.000%
$16.17
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee GMX: 6 bp × 2 orders
−$12
Net
$14.28
Costs to cover
0.220%
Break-even
2.0 days
Slippage unknown: ApeX Omni: live order book, 11 min ago; GMX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 11 min ago6.95 bp19.1 bp −$1964.4 bp −$644doesn't fitdoesn't fit
Sell GMX no order-book sample
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XAG on 44 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX XAG-USD0.0000%1h65.013+0.143%$12K$6K5xas long as short
SunX XAG-USDT0.0000%4h65.100+0.277%$2K$2.4M20xas long as short
HTX XAG-USDT0.0000%4h65.130+0.323%$1.1M$1.3M75xas long as short
Phemex XAGUSDT0.0000%4h65.100+0.277%$1.5M$346K100xas long as short
gTrade (Gains Network) XAG/USDL +0.0004% / S −0.0006%1h65.020+0.154%$118K250xas long as short
Gate XAG_USDT+0.0014%4h65.120+0.308%$138.1M$188.3M100xas long as short
Lighter RH XAG+0.0032%1h65.087+0.258%$4.6M$9.9M25xas long as short
Extended XAG-USD+0.0032%1h65.018+0.151%$5.0M$12.1M10xas long as short
Injective XAG/USDC PERP+0.0033%1h64.602−0.490%$11K$24052xas long as short
StandX XAG-USD+0.0040%1h64.970+0.077%$781K$3.0M40xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest SI-PERP+0.0046%1h65.494+0.884%25xas long as short
QFEX SILVER-USD+0.0047%1h65.040+0.185%$446K$1.5M20xas long as short
Polymarket Perps SILVER-USD+0.0050%1h65.033+0.174%$3.8M$890K20xas long as short
SoDEX SILVER-USD+0.0050%1h65.028+0.166%$3K$6K20xas long as short
Ondo Perps XAG-USD.P+0.0050%1h64.970+0.077%$5.6M$10.1M25xas long as short
Variational Omni XAG+0.0065%4h65.026+0.163%$5.4M$9.2Mas long as short
Paradex XAG-USD-PERP+0.0076%8h65.045+0.193%$29K$1665xas long as short
Coinbase International SILVER-PERP-INTX+0.0080%1h64.990+0.108%$1.6M$1.5M20xas long as short
Kalshi KXSILVERPERP+0.0087%24h65.075+0.239%$499K$35.1M8.1xas long as short
edgeX XAGUSDC+0.0090%4h64.947+0.041%$662K$314K30xas long as short
Pacifica XAG+0.0100%1h65.034+0.176%$463K$587K10xas long as short
MEXC SILVER_USDT+0.0100%4h65.080+0.246%$124.1M$160.4M1000xas long as short
KuCoin XAGUSDTM+0.0100%4h65.080+0.246%$25.1M$4.6M75xas long as short
ApeX Omni XAGUSDTlong+0.0100%1h64.920long leg$111K$19K50x
Aevo XAG-PERP+0.0104%1h65.095+0.269%$47K10xas long as short
Binance XAGUSDT+0.0105%4h65.090+0.262%$198.5M$790.9M100xas long as short
Phoenix SILVER+0.0111%1h64.979+0.091%$55K$31K25xas long as short
Aster XAGUSDT+0.0122%4h65.070+0.231%$2.7M$1.0M100xas long as short
Hotstuff SILVER-PERP+0.0128%1h65.006+0.132%$35K$21K20xas long as short
tradeXYZ xyz:SILVER+0.0136%1h65.065+0.223%$173.5M$89.0M25xas long as short
RISEx XAG/USDC+0.0158%1h65.065+0.224%$1.2M$4.9M20xas long as short
Nado XAG-PERP+0.0166%1h65.045+0.193%$1.2M$4.2M10xas long as short
OKX XAG-USDT-SWAP+0.0211%8h65.100+0.277%$29.1M$76.4M50xas long as short
Aftermath Perps XAGUSD+0.0217%1h64.867−0.082%$78K$37K10xas long as short
Bitget XAGUSDT+0.0222%4h65.080+0.246%$22.9M$47.9M100xas long as short
GMX SILVER/USD [ETH-USDC]shortL +0.0237% / S −0.0196%1h65.025+0.162%$92K111x
Lighter XAG+0.0240%1h65.082+0.249%$5.2M$11.3M25xas long as short
Bullet SILVER-USD+0.0311%1h65.103+0.282%$45K$75K10xas long as short
BloFin XAG-USDT+0.0345%4h65.070+0.231%$2.8M$698K100xas long as short
Deribit SILVER_USDC-PERPETUAL+0.0365%1h65.090+0.262%$77K$435K20xas long as short
Hibachi XAG/USDT-P+0.0376%1h64.982+0.095%$20K$15K10xas long as short
Bybit XAGUSDT+0.0382%4h65.100+0.277%$30.2M$43.6M150xas long as short
GRVT XAG_USDT_Perp+0.0410%4h65.030+0.169%$387K$1.6M25xas long as short
Kraken Futures PF_XAGUSD+0.0418%1h65.077+0.242%$1.0M$895K25xas long as short