Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0091%/8h= +10.0% APRpaid last 24h +0.019%

Price spread now: OKX against ApeX Omni+0.108%100s7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as 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−$500.499% of the position

Long on ApeX Omni Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.131%−$13 on $10k

Price spread, last 4 days (all we have)−0.108%−$11 · spread now +0.108%, 7d avg +0.010%

Together, before fees−0.239%−$24 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and OKX is 0.098% dearer against ApeX Omni than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.010%. Mind the row above: over the last 7 days funding on this pair cost −0.131%, so the current rate has only just turned in your favour. The two prices were read 100 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	64.890	0.0100	pay 0.0013% / 1h	37m 48s	$111K	$19K	50x
Short	OKX XAG-USDT-SWAP	64.960	0.0191	get 0.0191% / 8h	7h 37m	$28.6M	$72.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.108%Rate

Funding earned: $19.15
Price spread: +0.108% → +0.010%: $9.75
Slippage, 4 orders: −$29.95
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$21.05
Costs to cover: 0.499%
Break-even: 14.7 days

Slippage from ApeX Omni: live order book, 58 min ago; OKX: live order book, 1 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, 58 min ago	3.06 bp	23.4 bp −$23	57.2 bp −$572	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	0.77 bp	5.8 bp −$6	6.7 bp −$67	12.6 bp −$1,264	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
dYdX XAG-USD	0.0000%	1h	64.862	−0.043%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	64.950	+0.092%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	64.970	+0.123%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	64.950	+0.092%	$1.4M	$308K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	64.880	−0.016%	$117K	—	250x	as long as short
Variational Omni XAG	+0.0012%	4h	64.904	+0.022%	$5.3M	$9.1M	—	as long as short
Lighter RH XAG	+0.0032%	1h	64.950	+0.093%	$4.6M	$9.7M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	64.880	−0.016%	$5.0M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+2.327%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	64.950	+0.092%	$781K	$3.0M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate XAG_USDT	+0.0042%	4h	64.970	+0.123%	$138.8M	$181.5M	100x	as long as short
Vest SI-PERP	+0.0046%	1h	65.344	+0.700%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0047%	1h	64.920	+0.046%	$445K	$1.5M	20x	as long as short
MEXC SILVER_USDT	+0.0048%	4h	64.950	+0.092%	$120.8M	$158.0M	1000x	as long as short
Binance XAGUSDT	+0.0049%	4h	64.956	+0.101%	$196.0M	$768.0M	100x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	64.902	+0.018%	$3.8M	$890K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	64.877	−0.020%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	64.830	−0.092%	$5.6M	$9.9M	25x	as long as short
Paradex XAG-USD-PERP	+0.0059%	8h	64.888	−0.003%	$29K	$166	5x	as long as short
Aster XAGUSDT	+0.0063%	4h	64.940	+0.077%	$2.6M	$997K	100x	as long as short
Aevo XAG-PERP	+0.0064%	1h	64.917	+0.042%	$47K	—	10x	as long as short
edgeX XAGUSDC	+0.0073%	4h	64.921	+0.048%	$661K	$313K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0080%	1h	64.900	+0.015%	$1.6M	$1.4M	20x	as long as short
Kalshi KXSILVERPERP	+0.0084%	24h	64.875	−0.023%	$484K	$33.8M	8.1x	as long as short
Hotstuff SILVER-PERP	+0.0096%	1h	64.899	+0.014%	$35K	$21K	20x	as long as short
Pacifica XAG	+0.0100%	1h	64.880	−0.015%	$463K	$592K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	64.900	+0.015%	$25.2M	$4.4M	75x	as long as short
ApeX Omni XAGUSDTlong	+0.0100%	1h	64.890	long leg	$111K	$19K	50x
Phoenix SILVER	+0.0111%	1h	64.865	−0.039%	$55K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0139%	1h	64.923	+0.051%	$174.2M	$86.4M	25x	as long as short
Bybit XAGUSDT	+0.0158%	4h	64.980	+0.139%	$29.3M	$41.9M	150x	as long as short
RISEx XAG/USDC	+0.0158%	1h	64.928	+0.059%	$1.2M	$4.9M	20x	as long as short
Nado XAG-PERP	+0.0162%	1h	64.863	−0.042%	$1.2M	$4.3M	10x	as long as short
Bitget XAGUSDT	+0.0186%	4h	64.960	+0.108%	$23.1M	$45.4M	100x	as long as short
OKX XAG-USDT-SWAPshort	+0.0191%	8h	64.960	+0.108%	$28.6M	$72.5M	50x
GRVT XAG_USDT_Perp	+0.0192%	4h	64.971	+0.124%	$390K	$1.6M	25x	as long as short
BloFin XAG-USDT	+0.0197%	4h	64.950	+0.092%	$2.7M	$646K	100x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0212%	1h	64.920	+0.046%	$76K	$426K	20x	as long as short
Aftermath Perps XAGUSD	+0.0215%	1h	64.917	+0.041%	$78K	$37K	10x	as long as short
Lighter XAG	+0.0232%	1h	64.948	+0.090%	$5.3M	$11.0M	25x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0237% / S −0.0196%	1h	64.945	+0.085%	$92K	—	111x	as long as short
Bullet SILVER-USD	+0.0305%	1h	64.946	+0.087%	$45K	$75K	10x	as long as short
Hibachi XAG/USDT-P	+0.0336%	1h	64.880	−0.015%	$20K	$15K	10x	as long as short
Kraken Futures PF_XAGUSD	+0.0420%	1h	64.913	+0.035%	$1.0M	$868K	25x	as long as short