Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0158%/8h= −17.3% APRpaid last 24h −0.034%

Price spread now: ApeX Omni against Bitget−0.060%73s7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as 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−$520.524% of the position

Long on Bitget Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.093%+$9 on $10k

Price spread, last 4 days (all we have)+0.040%+$4 · spread now −0.060%, 7d avg −0.015%

Together, before fees+0.133%+$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and ApeX Omni is 0.045% cheaper against Bitget than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.015%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.093%, so the current rate has only just turned against you. The two prices were read 73 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	Bitget XAGUSDT	66.170	0.0258	pay 0.0129% / 4h	22m 21s	$23.8M	$45.3M	100x
Short	ApeX Omni XAGUSDT	66.130	0.0100	get 0.0013% / 1h	22m 21s	$113K	$30K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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 BitgetbpFee ApeX OmnibpOrdersPrice spread, now −0.060%Rate

Funding earned: −$33.18
Price spread: −0.060% → −0.015%: −$4.5
Slippage, 4 orders: −$30.44
Fee Bitget: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$90.12
Costs to cover: 0.524%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; ApeX Omni: live order book, 33 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 Bitget live order book, 2 min ago	0.75 bp	7.8 bp −$8	9.5 bp −$95	17.6 bp −$1,756	42.6 bp −$21.3K
Sell ApeX Omni live order book, 33 min ago	9.08 bp	16.3 bp −$16	48.6 bp −$486	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	66.141	−0.044%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.190	+0.030%	$150.2M	$163.4M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.190	+0.030%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.210	+0.060%	$1.0M	$971K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.190	+0.030%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.106	−0.097%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.158	−0.018%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.106	−0.097%	$5.2M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.348%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.180	+0.015%	$796K	$3.1M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SI-PERP	+0.0046%	1h	66.612	+0.668%	—	—	25x	as long as short
Ondo Perps XAG-USD.P	+0.0048%	1h	66.060	−0.166%	$5.7M	$9.6M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.142	−0.042%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.107	−0.095%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.170	0.000%	$115K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0060%	1h	66.141	−0.044%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0070%	24h	66.147	−0.035%	$545K	$25.4M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	66.129	−0.062%	$471K	$622K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.160	−0.015%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDTshort	+0.0100%	1h	66.130	−0.060%	$113K	$30K	50x
Hotstuff SILVER-PERP	+0.0104%	1h	66.165	−0.008%	$35K	$21K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0123%	1h	66.138	−0.048%	$165.9M	$74.1M	25x	as long as short
RISEx XAG/USDC	+0.0137%	1h	66.181	+0.016%	$1.3M	$4.5M	20x	as long as short
Paradex XAG-USD-PERP	+0.0144%	8h	66.177	+0.011%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0145%	4h	66.176	+0.010%	$2.7M	$877K	100x	as long as short
BloFin XAG-USDT	+0.0161%	4h	66.220	+0.076%	$2.6M	$555K	100x	as long as short
Bybit XAGUSDT	+0.0165%	4h	66.190	+0.030%	$27.0M	$36.2M	150x	as long as short
Lighter XAG	+0.0184%	1h	66.164	−0.009%	$5.2M	$10.7M	25x	as long as short
Aevo XAG-PERP	+0.0192%	1h	66.169	−0.002%	$48K	—	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.170	0.000%	$1.8M	$1.0M	20x	as long as short
Nado XAG-PERP	+0.0201%	1h	66.140	−0.045%	$1.3M	$6.4M	10x	as long as short
Variational Omni XAG	+0.0208%	4h	66.193	+0.034%	$5.6M	$9.7M	—	as long as short
MEXC SILVER_USDT	+0.0212%	4h	66.180	+0.015%	$110.0M	$152.7M	1000x	as long as short
Binance XAGUSDT	+0.0212%	4h	66.185	+0.023%	$192.5M	$701.1M	100x	as long as short
Aftermath Perps XAGUSD	+0.0219%	1h	66.154	−0.024%	$80K	$37K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0232%	8h	66.170	0.000%	$27.7M	$65.4M	50x	as long as short
edgeX XAGUSDC	+0.0234%	4h	66.167	−0.005%	$671K	$311K	30x	as long as short
Bitget XAGUSDTlong	+0.0258%	4h	66.170	long leg	$23.8M	$45.3M	100x
GRVT XAG_USDT_Perp	+0.0280%	4h	66.200	+0.045%	$389K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0291%	1h	66.178	+0.012%	$44K	$76K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0355%	1h	66.160	−0.015%	$62K	$349K	20x	as long as short
Hibachi XAG/USDT-P	+0.0360%	1h	66.141	−0.044%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0382% / S −0.0422%	1h	66.185	+0.023%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0485%	1h	66.148	−0.033%	$913K	$678K	25x	as long as short