Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against ApeX Omni−0.015%52s7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as 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−$600.600% of the position

Long on ApeX Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.081%−$8 on $10k

Price spread, last 4 days (all we have)−0.048%−$5 · spread now −0.015%, 7d avg −0.044%

Together, before fees−0.129%−$13 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.028% dearer against ApeX Omni than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.044%. The two prices were read 52 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	65.390	0.0100	pay 0.0013% / 1h	26m 45s	$112K	$30K	50x
Short	KuCoin XAGUSDTM	65.380	0.0100	get 0.0050% / 4h	2h 26m	$24.6M	$4.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.015%Rate

Funding earned: $0
Price spread: −0.015% → −0.044%: $2.85
Slippage, 4 orders: −$38.05
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$57.2
Costs to cover: 0.600%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 19 min ago; KuCoin: live order book, 2 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, 19 min ago	6.05 bp	28.2 bp −$28	63.1 bp −$631	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	1.53 bp	9.4 bp −$9	16.6 bp −$166	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
Ondo Perps XAG-USD.P	−0.0027%	1h	65.290	−0.153%	$5.6M	$9.4M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.334	−0.086%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.390	0.000%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.430	+0.061%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.400	+0.015%	$1.5M	$266K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.312	−0.119%	$118K	—	250x	as long as short
RISEx XAG/USDC	+0.0030%	1h	65.440	+0.076%	$1.3M	$4.9M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	65.419	+0.044%	$4.7M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.343	−0.071%	$5.1M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.545%	$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	65.675	+0.436%	$56K	$26K	25x	as long as short
Gate XAG_USDT	+0.0038%	4h	65.440	+0.076%	$143.0M	$170.4M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.350	−0.061%	$786K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.823	+0.662%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.363	−0.041%	$3.9M	$710K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.315	−0.115%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.390	0.000%	$154K	$2.8M	20x	as long as short
Hotstuff SILVER-PERP	+0.0056%	1h	65.327	−0.096%	$35K	$21K	20x	as long as short
Paradex XAG-USD-PERP	+0.0059%	8h	65.393	+0.005%	$29K	$1K	5x	as long as short
tradeXYZ xyz:SILVER	+0.0061%	1h	65.399	+0.014%	$166.0M	$78.8M	25x	as long as short
Kalshi KXSILVERPERP	+0.0075%	24h	65.360	−0.046%	$522K	$28.0M	8.1x	as long as short
Bybit XAGUSDT	+0.0081%	4h	65.410	+0.031%	$28.2M	$39.0M	150x	as long as short
Aster XAGUSDT	+0.0093%	4h	65.407	+0.027%	$2.7M	$937K	100x	as long as short
Pacifica XAG	+0.0100%	1h	65.371	−0.028%	$466K	$619K	10x	as long as short
KuCoin XAGUSDTMshort	+0.0100%	4h	65.380	−0.015%	$24.6M	$4.8M	75x
ApeX Omni XAGUSDTlong	+0.0100%	1h	65.390	long leg	$112K	$30K	50x
Lighter XAG	+0.0112%	1h	65.422	+0.049%	$5.3M	$11.1M	25x	as long as short
Aevo XAG-PERP	+0.0136%	1h	65.376	−0.021%	$47K	—	10x	as long as short
Variational Omni XAG	+0.0137%	4h	65.665	+0.420%	$5.6M	$9.5M	—	as long as short
Binance XAGUSDT	+0.0142%	4h	65.410	+0.031%	$190.1M	$729.0M	100x	as long as short
MEXC SILVER_USDT	+0.0142%	4h	65.390	0.000%	$112.2M	$157.5M	1000x	as long as short
Nado XAG-PERP	+0.0154%	1h	65.329	−0.094%	$1.3M	$5.5M	10x	as long as short
edgeX XAGUSDC	+0.0155%	4h	65.701	+0.475%	$668K	$311K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.350	−0.061%	$1.7M	$1.3M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0190%	4h	65.406	+0.025%	$386K	$1.5M	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.360	−0.046%	$66K	$370K	20x	as long as short
Bitget XAGUSDT	+0.0210%	4h	65.430	+0.061%	$23.3M	$47.7M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0216%	8h	65.420	+0.046%	$27.4M	$69.3M	50x	as long as short
Aftermath Perps XAGUSD	+0.0217%	1h	65.610	+0.337%	$79K	$37K	10x	as long as short
Bullet SILVER-USD	+0.0227%	1h	65.396	+0.009%	$43K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0352%	1h	65.306	−0.129%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0355% / S −0.0317%	1h	65.395	+0.008%	$86K	—	111x	as long as short
BloFin XAG-USDT	+0.0365%	4h	65.420	+0.046%	$2.6M	$623K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0471%	1h	65.360	−0.046%	$914K	$750K	25x	as long as short