Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: ApeX Omni against HTX−0.168%7-day average −0.066% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$710.713% of the position

Long on HTX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.210%+$21 on $10k

Price spread, last 4 days (all we have)+0.096%+$10 · spread now −0.168%, 7d avg −0.066%

Together, before fees+0.306%+$31 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.102% cheaper against HTX than usual: you would sell low and buy high (spread −0.168% now, against its 7-day average of −0.066%). If the spread goes back, that is −$10 on $10k: about 3.4 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	HTX XAG-USDT	65.500	0	get 0.0000% / 4h	2h 27m	$1.1M	$1.1M	75x
Short	ApeX Omni XAGUSDT	65.390	0.0100	get 0.0013% / 1h	27m 27s	$112K	$30K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against HTX. 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 HTXbpFee ApeX OmnibpOrdersPrice spread, now −0.168%Rate

Funding earned: $21
Price spread: −0.168% → −0.066%: −$10.17
Slippage, 4 orders: −$49.31
Fee HTX: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$60.49
Costs to cover: 0.713%
Break-even: 27.2 days

Slippage from HTX: live order book, 1 min ago; ApeX Omni: live order book, 18 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 HTX live order book, 1 min ago	1.53 bp	7.5 bp −$8	7.5 bp −$75	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 18 min ago	6.05 bp	14.5 bp −$15	48.9 bp −$489	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	−0.0027%	1h	65.280	−0.336%	$5.6M	$9.4M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.334	−0.253%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.350	−0.229%	$2K	$2.6M	20x	as long as short
HTX XAG-USDTlong	0.0000%	4h	65.500	long leg	$1.1M	$1.1M	75x
Phemex XAGUSDT	0.0000%	4h	65.400	−0.153%	$1.5M	$266K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.312	−0.287%	$118K	—	250x	as long as short
RISEx XAG/USDC	+0.0030%	1h	65.390	−0.168%	$1.3M	$4.9M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	65.336	−0.250%	$4.7M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.300	−0.305%	$5.1M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.374%	$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	65.675	+0.267%	$56K	$26K	25x	as long as short
Gate XAG_USDT	+0.0038%	4h	65.400	−0.153%	$143.2M	$170.0M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.350	−0.229%	$786K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.823	+0.493%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.363	−0.209%	$3.9M	$710K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.285	−0.328%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.390	−0.168%	$154K	$2.8M	20x	as long as short
Hotstuff SILVER-PERP	+0.0056%	1h	65.327	−0.264%	$35K	$21K	20x	as long as short
Paradex XAG-USD-PERP	+0.0059%	8h	65.342	−0.241%	$29K	$1K	5x	as long as short
tradeXYZ xyz:SILVER	+0.0061%	1h	65.358	−0.217%	$165.9M	$78.6M	25x	as long as short
Kalshi KXSILVERPERP	+0.0075%	24h	65.359	−0.215%	$530K	$28.0M	8.1x	as long as short
Bybit XAGUSDT	+0.0084%	4h	65.390	−0.168%	$28.2M	$39.0M	150x	as long as short
Aster XAGUSDT	+0.0093%	4h	65.390	−0.168%	$2.7M	$937K	100x	as long as short
Pacifica XAG	+0.0100%	1h	65.298	−0.308%	$465K	$619K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.350	−0.229%	$24.6M	$4.8M	75x	as long as short
ApeX Omni XAGUSDTshort	+0.0100%	1h	65.390	−0.168%	$112K	$30K	50x
Lighter XAG	+0.0112%	1h	65.353	−0.225%	$5.3M	$11.1M	25x	as long as short
Aevo XAG-PERP	+0.0136%	1h	65.345	−0.237%	$47K	—	10x	as long as short
Variational Omni XAG	+0.0137%	4h	65.665	+0.252%	$5.6M	$9.5M	—	as long as short
MEXC SILVER_USDT	+0.0142%	4h	65.390	−0.168%	$112.2M	$157.5M	1000x	as long as short
Binance XAGUSDT	+0.0142%	4h	65.380	−0.183%	$190.0M	$728.1M	100x	as long as short
Nado XAG-PERP	+0.0154%	1h	65.329	−0.262%	$1.3M	$5.5M	10x	as long as short
edgeX XAGUSDC	+0.0155%	4h	65.701	+0.307%	$668K	$311K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.430	−0.107%	$1.7M	$1.3M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0190%	4h	65.406	−0.143%	$386K	$1.5M	25x	as long as short
Bitget XAGUSDT	+0.0208%	4h	65.410	−0.137%	$23.4M	$47.8M	100x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.330	−0.260%	$66K	$373K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0216%	8h	65.390	−0.168%	$27.4M	$69.3M	50x	as long as short
Aftermath Perps XAGUSD	+0.0217%	1h	65.610	+0.169%	$79K	$37K	10x	as long as short
Bullet SILVER-USD	+0.0227%	1h	65.396	−0.159%	$43K	$76K	10x	as long as short
BloFin XAG-USDT	+0.0292%	4h	65.480	−0.031%	$2.6M	$611K	100x	as long as short
Hibachi XAG/USDT-P	+0.0352%	1h	65.306	−0.296%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0355% / S −0.0317%	1h	65.355	−0.221%	$86K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0472%	1h	65.310	−0.290%	$913K	$750K	25x	as long as short