Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0099%/8h= +10.8% APRpaid last 24h +0.013%

Price spread now: Variational Omni against Extended−0.108%7-day average +0.067% · you buy dearer than you sell

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

Long on Extended Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.014%−$1 on $10k

Price spread, last 7 days+0.140%+$14 · spread now −0.108%, 7d avg +0.067%

Together, before fees+0.126%+ Points / potential airdropExtended: Active · Variational Omni: Active · farm board+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.176% cheaper against Extended than usual: you would sell low and buy high (spread −0.108% now, against its 7-day average of +0.067%). If the spread goes back, that is −$18 on $10k: about 5.9 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XAG-USD	65.485	0.0032	pay 0.0004% / 1h	12m 26s	$5.1M	$11.7M	10x
Short	Variational Omni XAG	65.414	0.0131	get 0.0065% / 4h	2h 12m	$5.5M	$9.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpFee Variational OmnibpOrdersPrice spread, now −0.108%Rate

Funding earned: $20.77
Price spread: −0.108% → +0.067%: −$17.55
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$1.78
Costs to cover: 0.050%
Break-even: 7.6 days

Slippage unknown: Extended: live order book, 2 min ago; Variational Omni: RFQ quote, 2 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 Extended live order book, 2 min ago	0.08 bp	4.2 bp −$4	8.3 bp −$83	16.1 bp −$1,609	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	2.57 bp	doesn't fit	2.9 bp −$29	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	−0.0001%	1h	65.430	−0.084%	$5.6M	$9.6M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.424	−0.093%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.430	−0.084%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.470	−0.023%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.450	−0.054%	$1.5M	$280K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.513	+0.042%	$118K	—	250x	as long as short
RISEx XAG/USDC	+0.0030%	1h	65.561	+0.116%	$1.2M	$4.9M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	65.519	+0.052%	$4.7M	$9.5M	25x	as long as short
Extended XAG-USDlong	+0.0032%	1h	65.485	long leg	$5.1M	$11.7M	10x
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.397%	$11K	$94K	52x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix SILVER	+0.0036%	1h	65.388	−0.148%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	65.400	−0.130%	$787K	$3.0M	40x	as long as short
Gate XAG_USDT	+0.0042%	4h	65.580	+0.145%	$144.9M	$179.3M	100x	as long as short
Vest SI-PERP	+0.0046%	1h	65.967	+0.736%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.534	+0.074%	$3.9M	$710K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.373	−0.171%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.540	+0.084%	$157K	$2.8M	20x	as long as short
Hotstuff SILVER-PERP	+0.0056%	1h	65.362	−0.188%	$35K	$21K	20x	as long as short
Paradex XAG-USD-PERP	+0.0065%	8h	65.513	+0.043%	$29K	$1K	5x	as long as short
Kalshi KXSILVERPERP	+0.0076%	24h	65.417	−0.104%	$476K	$28.8M	8.1x	as long as short
tradeXYZ xyz:SILVER	+0.0082%	1h	65.542	+0.087%	$170.9M	$82.6M	25x	as long as short
Aster XAGUSDT	+0.0089%	4h	65.570	+0.129%	$2.7M	$942K	100x	as long as short
Pacifica XAG	+0.0100%	1h	65.471	−0.022%	$467K	$626K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.530	+0.068%	$24.7M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.360	−0.191%	$112K	$30K	50x	as long as short
Bybit XAGUSDT	+0.0127%	4h	65.590	+0.160%	$28.7M	$38.8M	150x	as long as short
Variational Omni XAGshort	+0.0131%	4h	65.414	−0.108%	$5.5M	$9.6M	—
Lighter XAG	+0.0136%	1h	65.535	+0.076%	$5.3M	$11.2M	25x	as long as short
Aevo XAG-PERP	+0.0136%	1h	65.566	+0.123%	$47K	—	10x	as long as short
Binance XAGUSDT	+0.0139%	4h	65.580	+0.144%	$189.1M	$744.0M	100x	as long as short
MEXC SILVER_USDT	+0.0140%	4h	65.570	+0.129%	$122.4M	$161.1M	1000x	as long as short
edgeX XAGUSDC	+0.0152%	4h	65.410	−0.116%	$666K	$314K	30x	as long as short
Nado XAG-PERP	+0.0157%	1h	65.526	+0.062%	$1.3M	$5.5M	10x	as long as short
Hibachi XAG/USDT-P	+0.0168%	1h	65.360	−0.191%	$20K	$19K	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.150	−0.512%	$1.6M	$1.3M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0204%	4h	65.430	−0.084%	$397K	$1.5M	25x	as long as short
Aftermath Perps XAGUSD	+0.0209%	1h	65.419	−0.101%	$79K	$37K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.420	−0.100%	$66K	$367K	20x	as long as short
Bitget XAGUSDT	+0.0214%	4h	65.580	+0.145%	$23.7M	$46.4M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0216%	8h	65.570	+0.129%	$27.8M	$69.9M	50x	as long as short
Bullet SILVER-USD	+0.0245%	1h	65.576	+0.139%	$43K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0366% / S −0.0361%	1h	65.575	+0.137%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0380%	4h	65.460	−0.039%	$2.6M	$627K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0471%	1h	65.418	−0.103%	$913K	$735K	25x	as long as short