XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0265%/8h= −29.0% APRnext payment −$0.33 per $10,000 · paid last 24h −0.051%

Price spread now: ApeX Omni against Deribit−0.061%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$530.530% of the position

Long on Deribit Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.031%−$3 on $10k

Price spread, last 4 days (all we have)+0.066%+$7 · spread now −0.061%, 7d avg −0.008%

Together, before fees+0.035%+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and ApeX Omni is 0.053% cheaper against Deribit than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.008%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.031% in total (about -2.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.33 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SILVER_USDC-PERPETUAL	65.110	0.0365	pay 0.0046% / 1h	16m 30s	$65K	$395K	20x
Short	ApeX Omni XAGUSDT	65.070	0.0100	get 0.0013% / 1h	16m 30s	$111K	$19K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Deribit. 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 DeribitbpFee ApeX OmnibpOrdersPrice spread, now −0.061%Rate

Funding earned: −$55.59
Price spread: −0.061% → −0.008%: −$5.35
Slippage, 4 orders: −$36
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$113.94
Costs to cover: 0.530%
Break-even: never at this rate

Slippage from Deribit: live order book, 22 min ago; ApeX Omni: live order book, 19 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 Deribit live order book, 22 min ago	0.76 bp	10.3 bp −$10	11.4 bp −$114	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 19 min ago	3.06 bp	15.0 bp −$15	56.2 bp −$562	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	−0.0030%	1h	65.020	−0.138%	$5.6M	$9.8M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.070	−0.061%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.130	+0.031%	$27.7M	$39.2M	150x	as long as short
Variational Omni XAG	0.0000%	4h	65.124	+0.021%	$5.5M	$9.1M	—	as long as short
SunX XAG-USDT	0.0000%	4h	65.120	+0.015%	$2K	$2.5M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.150	+0.061%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.150	+0.061%	$1.5M	$279K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.061	−0.076%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0026%	4h	65.140	+0.046%	$140.5M	$181.3M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.126	+0.024%	$4.6M	$9.9M	25x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XAG-USD	+0.0032%	1h	65.065	−0.069%	$5.0M	$11.7M	10x	as long as short
Hotstuff SILVER-PERP	+0.0032%	1h	65.099	−0.017%	$35K	$21K	20x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.981%	$11K	$94K	52x	as long as short
MEXC SILVER_USDT	+0.0034%	4h	65.120	+0.015%	$126.8M	$160.8M	1000x	as long as short
Binance XAGUSDT	+0.0035%	4h	65.120	+0.015%	$191.3M	$757.1M	100x	as long as short
Aster XAGUSDT	+0.0037%	4h	65.135	+0.039%	$2.7M	$976K	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.160	+0.077%	$784K	$2.9M	40x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.120	+0.015%	$160K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.543	+0.665%	—	—	25x	as long as short
Aevo XAG-PERP	+0.0048%	1h	65.115	+0.008%	$47K	—	10x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.088	−0.034%	$3.8M	$892K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.060	−0.077%	$3K	$6K	20x	as long as short
edgeX XAGUSDC	+0.0050%	4h	65.121	+0.017%	$663K	$314K	30x	as long as short
Paradex XAG-USD-PERP	+0.0054%	8h	65.106	−0.005%	$29K	$1K	5x	as long as short
Phoenix SILVER	+0.0061%	1h	65.070	−0.061%	$55K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0068%	1h	65.092	−0.028%	$173.0M	$84.7M	25x	as long as short
Kalshi KXSILVERPERP	+0.0080%	24h	65.106	−0.006%	$482K	$32.2M	8.1x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	64.970	−0.215%	$1.6M	$1.4M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.066	−0.067%	$463K	$600K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.090	−0.031%	$25.2M	$4.7M	75x	as long as short
ApeX Omni XAGUSDTshort	+0.0100%	1h	65.070	−0.061%	$111K	$19K	50x
RISEx XAG/USDC	+0.0118%	1h	65.135	+0.038%	$1.2M	$4.8M	20x	as long as short
BloFin XAG-USDT	+0.0139%	4h	65.110	0.000%	$2.7M	$625K	100x	as long as short
GRVT XAG_USDT_Perp	+0.0142%	4h	65.140	+0.046%	$394K	$1.6M	25x	as long as short
Bitget XAGUSDT	+0.0158%	4h	65.120	+0.015%	$23.2M	$44.9M	100x	as long as short
Nado XAG-PERP	+0.0163%	1h	65.090	−0.031%	$1.2M	$4.7M	10x	as long as short
OKX XAG-USDT-SWAP	+0.0171%	8h	65.120	+0.015%	$28.4M	$70.4M	50x	as long as short
Lighter XAG	+0.0184%	1h	65.128	+0.027%	$5.3M	$11.3M	25x	as long as short
Aftermath Perps XAGUSD	+0.0192%	1h	65.111	+0.001%	$78K	$37K	10x	as long as short
Hibachi XAG/USDT-P	+0.0232%	1h	65.115	+0.008%	$20K	$17K	10x	as long as short
Bullet SILVER-USD	+0.0235%	1h	65.143	+0.051%	$45K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.135	+0.038%	$92K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0364%	1h	65.100	−0.015%	$1.0M	$869K	25x	as long as short
Deribit SILVER_USDC-PERPETUALlong	+0.0365%	1h	65.110	long leg	$65K	$395K	20x