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

XAG

RWAall XAG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0081%/8h= +8.9% APRnext payment +$0.10 per $10,000 · paid last 24h 0.000%
Price spread now: RISEx against ApeX Omni+0.044%54s7-day average +0.019% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$430.428% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.039%−$4 on $10k
Price spread, last 4 days (all we have)−0.026%−$3 · spread now +0.044%, 7d avg +0.019%
Together, before fees−0.064%−$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and RISEx is 0.025% dearer against ApeX Omni than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.019%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni XAGUSDT66.1200.0100pay 0.0013% / 1h2m 26s$113K$30K50x
ShortRISEx XAG/USDC66.1490.0181get 0.0023% / 1h2m 26s$1.3M$4.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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
$17.11
Price spread: +0.044% → +0.019%
$2.5
Slippage, 4 orders
−$26.75
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$23.15
Costs to cover
0.428%
Break-even
16.5 days
Slippage from ApeX Omni: live order book, 58 min ago; RISEx: live order book, 2 min ago.

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, 58 min ago10.56 bp18.6 bp −$1953.7 bp −$537doesn't fitdoesn't fit
Sell RISEx live order book, 2 min ago0.42 bp3.4 bp −$34.6 bp −$46doesn't fitdoesn't fit

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%1h66.087−0.050%$15K5xas long as short
Gate XAG_USDT0.0000%4h66.160+0.060%$149.8M$165.4M100xas long as short
SunX XAG-USDT0.0000%4h66.170+0.076%$2K$2.7M20xas long as short
HTX XAG-USDT0.0000%4h66.190+0.106%$1.0M$1.1M75xas long as short
Phemex XAGUSDT0.0000%4h66.170+0.076%$1.5M$255K100xas long as short
gTrade (Gains Network) XAG/USDL +0.0004% / S −0.0006%1h66.078−0.063%$121K250xas long as short
Lighter RH XAG+0.0032%1h66.133+0.019%$4.8M$9.5M25xas long as short
Extended XAG-USD+0.0032%1h66.072−0.073%$5.2M$12.0M10xas long as short
Injective XAG/USDC PERP+0.0033%1h66.400+0.423%$11K$94K52xas long as short
StandX XAG-USD+0.0040%1h66.100−0.030%$795K$3.0M40xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps XAG-USD.P+0.0041%1h66.040−0.121%$5.7M$9.7M25xas long as short
Vest SI-PERP+0.0046%1h66.575+0.688%25xas long as short
Polymarket Perps SILVER-USD+0.0050%1h66.111−0.014%$3.9M$672K20xas long as short
SoDEX SILVER-USD+0.0050%1h66.085−0.053%$3K$6K20xas long as short
QFEX SILVER-USD+0.0062%1h66.140+0.030%$115K$2.7M20xas long as short
Kalshi KXSILVERPERP+0.0066%24h66.101−0.029%$544K$24.8M8.1xas long as short
Phoenix SILVER+0.0084%1h66.097−0.035%$56K$26K25xas long as short
tradeXYZ xyz:SILVER+0.0094%1h66.113−0.011%$165.3M$73.9M25xas long as short
Pacifica XAG+0.0100%1h66.090−0.045%$470K$612K10xas long as short
KuCoin XAGUSDTM+0.0100%4h66.100−0.030%$24.4M$4.5M75xas long as short
ApeX Omni XAGUSDTlong+0.0100%1h66.120long leg$113K$30K50x
Hotstuff SILVER-PERP+0.0112%1h66.108−0.018%$35K$21K20xas long as short
Aster XAGUSDT+0.0122%4h66.1200.000%$2.7M$878K100xas long as short
Paradex XAG-USD-PERP+0.0128%8h66.137+0.026%$30K$1K5xas long as short
Bybit XAGUSDT+0.0134%4h66.170+0.076%$26.9M$36.0M150xas long as short
Aevo XAG-PERP+0.0176%1h66.141+0.032%$47K10xas long as short
Variational Omni XAG+0.0178%4h66.142+0.033%$5.6M$9.8Mas long as short
RISEx XAG/USDCshort+0.0181%1h66.149+0.044%$1.3M$4.4M20x
Lighter XAG+0.0184%1h66.125+0.007%$5.2M$10.6M25xas long as short
MEXC SILVER_USDT+0.0188%4h66.150+0.045%$106.8M$154.2M1000xas long as short
Binance XAGUSDT+0.0191%4h66.152+0.048%$192.2M$704.7M100xas long as short
Coinbase International SILVER-PERP-INTX+0.0192%1h66.180+0.091%$1.8M$1.0M20xas long as short
edgeX XAGUSDC+0.0198%4h66.162+0.064%$671K$315K30xas long as short
Deribit SILVER_USDC-PERPETUAL+0.0204%1h66.1200.000%$63K$337K20xas long as short
BloFin XAG-USDT+0.0207%4h66.160+0.060%$2.6M$551K100xas long as short
OKX XAG-USDT-SWAP+0.0216%8h66.150+0.045%$27.7M$65.8M50xas long as short
Nado XAG-PERP+0.0224%1h66.084−0.054%$1.3M$6.5M10xas long as short
Aftermath Perps XAGUSD+0.0230%1h66.129+0.013%$80K$37K10xas long as short
Bitget XAGUSDT+0.0238%4h66.150+0.045%$23.8M$45.6M100xas long as short
GRVT XAG_USDT_Perp+0.0254%4h66.140+0.030%$396K$1.5M25xas long as short
Bullet SILVER-USD+0.0272%1h66.156+0.054%$45K$76K10xas long as short
Hibachi XAG/USDT-P+0.0296%1h66.066−0.081%$20K$19K10xas long as short
GMX SILVER/USD [ETH-USDC]L +0.0362% / S −0.0389%1h66.155+0.053%$103K111xas long as short
Kraken Futures PF_XAGUSD+0.0551%1h66.117−0.004%$912K$674K25xas long as short