Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0013%/8h= +1.5% APRpaid last 24h +0.007%

Price spread now: ApeX Omni against Aster−0.045%89s7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as 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−$490.495% of the position

Long on Aster Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.163%+$16 on $10k

Price spread, last 3 days (all we have)+0.047%+$5 · spread now −0.045%, 7d avg −0.012%

Together, before fees+0.210%+ Points / potential airdropAster: Stage 5 · farm board+$21 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.033% cheaper against Aster than usual: you would sell low and buy high (spread −0.045% now, against its 7-day average of −0.012%). If the spread goes back, that is −$3 on $10k: about 8.2 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.163% in total) that is about 34 hours. The two prices were read 89 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	Aster XAGUSDT	66.590	0.0087	pay 0.0043% / 4h	3h 35m	$2.8M	$1.1M	100x
Short	ApeX Omni XAGUSDT	66.560	0.0100	get 0.0013% / 1h	35m 59s	$127K	$26K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Aster. 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 AsterbpFee ApeX OmnibpOrdersPrice spread, now −0.045%Rate

Funding earned: $2.83
Price spread: −0.045% → −0.012%: −$3.3
Slippage, 4 orders: −$31.47
Fee Aster: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$49.94
Costs to cover: 0.495%
Break-even: 130.3 days

Slippage from Aster: live order book, 3 min ago; ApeX Omni: live order book, 35 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 Aster live order book, 3 min ago	1.50 bp	5.5 bp −$6	6.9 bp −$69	15.5 bp −$1,552	doesn't fit
Sell ApeX Omni live order book, 35 min ago	7.51 bp	20.7 bp −$21	50.2 bp −$502	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
dYdX XAG-USD	0.0000%	1h	66.544	−0.069%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.650	+0.090%	$26.1M	$35.3M	150x	as long as short
Hotstuff SILVER-PERP	0.0000%	1h	66.563	−0.041%	$35K	$21K	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.660	+0.105%	$155.2M	$167.4M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.630	+0.060%	$2K	$3.0M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.660	+0.105%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.660	+0.105%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.566	−0.036%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.614	+0.035%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.567	−0.035%	$5.4M	$12.4M	10x	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	−0.286%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.600	+0.015%	$801K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	67.055	+0.698%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.568	−0.033%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.611	+0.031%	$165.6M	$85.4M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.598	+0.012%	$3.9M	$700K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.571	−0.029%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.510	−0.120%	$5.7M	$9.7M	25x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.600	+0.015%	$115K	$2.8M	20x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.571	−0.029%	$567K	$21.5M	8.1x	as long as short
GRVT XAG_USDT_Perp	+0.0070%	4h	66.618	+0.042%	$392K	$1.5M	25x	as long as short
Variational Omni XAG	+0.0086%	4h	66.625	+0.052%	$5.6M	$9.9M	—	as long as short
Aster XAGUSDTlong	+0.0087%	4h	66.590	long leg	$2.8M	$1.1M	100x
Paradex XAG-USD-PERP	+0.0089%	8h	66.612	+0.033%	$30K	$1K	5x	as long as short
Lighter XAG	+0.0096%	1h	66.617	+0.041%	$5.4M	$10.5M	25x	as long as short
MEXC SILVER_USDT	+0.0096%	4h	66.640	+0.075%	$108.0M	$160.0M	1000x	as long as short
Binance XAGUSDT	+0.0098%	4h	66.656	+0.099%	$192.4M	$723.3M	100x	as long as short
Pacifica XAG	+0.0100%	1h	66.565	−0.038%	$475K	$626K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.600	+0.015%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDTshort	+0.0100%	1h	66.560	−0.045%	$127K	$26K	50x
edgeX XAGUSDC	+0.0100%	4h	66.608	+0.027%	$676K	$314K	30x	as long as short
Aevo XAG-PERP	+0.0104%	1h	66.618	+0.042%	$48K	—	10x	as long as short
BloFin XAG-USDT	+0.0110%	4h	66.630	+0.060%	$2.6M	$704K	100x	as long as short
RISEx XAG/USDC	+0.0148%	1h	66.626	+0.054%	$1.3M	$4.3M	20x	as long as short
Nado XAG-PERP	+0.0159%	1h	66.569	−0.031%	$1.3M	$6.5M	10x	as long as short
Bitget XAGUSDT	+0.0164%	4h	66.650	+0.090%	$24.6M	$48.1M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.580	−0.015%	$1.9M	$929K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0188%	8h	66.640	+0.075%	$28.2M	$66.9M	50x	as long as short
Aftermath Perps XAGUSD	+0.0188%	1h	66.596	+0.008%	$80K	$39K	10x	as long as short
Bullet SILVER-USD	+0.0208%	1h	66.636	+0.069%	$45K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0240%	1h	66.563	−0.041%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.635	+0.067%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0351%	1h	66.630	+0.060%	$50K	$335K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0488%	1h	66.600	+0.015%	$766K	$567K	25x	as long as short