Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0083%/8h= +9.1% APRpaid last 24h +0.002%

Price spread now: Variational Omni against ApeX Omni+0.081%88s7-day average +0.013% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on ApeX Omni Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.064%−$6 on $10k

Price spread, last 4 days (all we have)−0.060%−$6 · spread now +0.081%, 7d avg +0.013%

Together, before fees−0.125%+ Points / potential airdropVariational Omni: Active · farm board−$12 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 Variational Omni is 0.068% dearer against ApeX Omni than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.013%. Mind the row above: over the last 4 days funding on this pair cost −0.064%, so the current rate has only just turned in your favour. The two prices were read 88 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	65.970	0.0100	pay 0.0013% / 1h	28m 10s	$113K	$30K	50x
Short	Variational Omni XAG	66.023	0.0183	get 0.0092% / 4h	3h 28m	$5.6M	$9.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.081%Rate

Funding earned: $17.46
Price spread: +0.081% → +0.013%: $6.84
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $14.3
Costs to cover: 0.100%
Break-even: 1.3 days

Slippage unknown: ApeX Omni: live order book, 22 min ago; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.

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, 22 min ago	4.55 bp	18.4 bp −$18	66.9 bp −$669	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	2.57 bp	doesn't fit	4.6 bp −$46	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	−0.0048%	1h	65.920	−0.076%	$5.7M	$9.3M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.934	−0.055%	$14K	—	5x	as long as short
SunX XAG-USDT	0.0000%	4h	66.020	+0.076%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.050	+0.121%	$1.0M	$965K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.020	+0.076%	$1.5M	$320K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.958	−0.018%	$120K	—	250x	as long as short
Gate XAG_USDT	+0.0016%	4h	66.030	+0.091%	$149.8M	$163.8M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	66.001	+0.048%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.958	−0.018%	$5.2M	$11.5M	10x	as long as short
Hotstuff SILVER-PERP	+0.0032%	1h	65.977	+0.011%	$35K	$21K	20x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.652%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.020	+0.076%	$794K	$3.1M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.439	+0.711%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.980	+0.015%	$3.9M	$674K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.955	−0.023%	$3K	$6K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0053%	1h	65.986	+0.024%	$165.9M	$73.8M	25x	as long as short
QFEX SILVER-USD	+0.0060%	1h	66.000	+0.045%	$114K	$2.7M	20x	as long as short
Paradex XAG-USD-PERP	+0.0071%	8h	66.003	+0.050%	$30K	$1K	5x	as long as short
Phoenix SILVER	+0.0073%	1h	65.967	−0.005%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0073%	24h	65.983	+0.020%	$528K	$26.1M	8.1x	as long as short
RISEx XAG/USDC	+0.0080%	1h	66.014	+0.067%	$1.3M	$4.9M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.956	−0.021%	$470K	$608K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.980	+0.015%	$24.4M	$4.5M	75x	as long as short
ApeX Omni XAGUSDTlong	+0.0100%	1h	65.970	long leg	$113K	$30K	50x
Lighter XAG	+0.0104%	1h	66.004	+0.052%	$5.2M	$10.7M	25x	as long as short
Bybit XAGUSDT	+0.0125%	4h	66.040	+0.106%	$27.7M	$36.6M	150x	as long as short
Aster XAGUSDT	+0.0134%	4h	66.025	+0.083%	$2.7M	$871K	100x	as long as short
BloFin XAG-USDT	+0.0159%	4h	66.040	+0.106%	$2.6M	$562K	100x	as long as short
Nado XAG-PERP	+0.0172%	1h	65.974	+0.007%	$1.4M	$5.8M	10x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.005	+0.053%	$47K	—	10x	as long as short
Variational Omni XAGshort	+0.0183%	4h	66.023	+0.081%	$5.6M	$9.4M	—
MEXC SILVER_USDT	+0.0192%	4h	66.010	+0.061%	$114.4M	$152.5M	1000x	as long as short
Binance XAGUSDT	+0.0193%	4h	66.020	+0.076%	$190.9M	$701.9M	100x	as long as short
edgeX XAGUSDC	+0.0198%	4h	66.021	+0.077%	$670K	$313K	30x	as long as short
Aftermath Perps XAGUSD	+0.0202%	1h	65.985	+0.022%	$79K	$36K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0202%	4h	66.025	+0.083%	$394K	$1.5M	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0205%	1h	66.000	+0.045%	$75K	$363K	20x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	65.950	−0.030%	$1.8M	$1.0M	20x	as long as short
OKX XAG-USDT-SWAP	+0.0229%	8h	66.020	+0.076%	$27.7M	$64.6M	50x	as long as short
Bullet SILVER-USD	+0.0230%	1h	66.014	+0.067%	$45K	$76K	10x	as long as short
Bitget XAGUSDT	+0.0236%	4h	66.020	+0.076%	$23.9M	$45.2M	100x	as long as short
Hibachi XAG/USDT-P	+0.0296%	1h	65.960	−0.015%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0387% / S −0.0440%	1h	66.015	+0.068%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0624%	1h	65.989	+0.028%	$911K	$683K	25x	as long as short