XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0092%/8h= −10.1% APRnext payment −$0.11 per $10,000 · paid last 24h −0.010%

Price spread now: ApeX Omni against Lighter−0.111%7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

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

costs, in and out, $10k−$460.465% of the position

Long on Lighter Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 4 days (all we have)+0.198%+$20 · spread now −0.111%, 7d avg +0.009%

Together, before fees+0.208%+ Points / potential airdropLighter: Season 3 · farm board+$21 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and ApeX Omni is 0.119% cheaper against Lighter than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.009%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XAG	66.433	0.0192	pay 0.0024% / 1h	19m 01s	$5.3M	$10.6M	25x
Short	ApeX Omni XAGUSDT	66.360	0.0100	get 0.0013% / 1h	19m 01s	$126K	$23K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Lighter. 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 LighterbpFee ApeX OmnibpOrdersPrice spread, now −0.111%Rate

Funding earned: −$19.32
Price spread: −0.111% → +0.009%: −$11.92
Slippage, 4 orders: −$36.49
Fee Lighter: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$77.73
Costs to cover: 0.465%
Break-even: never at this rate

Slippage from Lighter: live order book, 4 min ago; ApeX Omni: live order book, 47 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 Lighter live order book, 4 min ago	0.40 bp	0.4 bp $0	0.8 bp −$8	5.3 bp −$533	16.4 bp −$8,219
Sell ApeX Omni live order book, 47 min ago	9.02 bp	24.9 bp −$25	62.8 bp −$628	doesn't fit	doesn't fit

XAG on 43 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	66.363	−0.106%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.450	+0.025%	$152.7M	$164.1M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.420	−0.020%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.450	+0.025%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.450	+0.025%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.350	−0.125%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.422	−0.018%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.349	−0.127%	$5.4M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.050%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.440	+0.010%	$799K	$2.9M	40x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SI-PERP	+0.0046%	1h	66.847	+0.622%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.352	−0.123%	$56K	$26K	25x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.300	−0.201%	$5.7M	$9.5M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.391	−0.064%	$3.9M	$669K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.355	−0.118%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.420	−0.020%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0061%	24h	66.385	−0.073%	$555K	$23.5M	8.1x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.440	+0.010%	$1.3M	$4.4M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0099%	1h	66.416	−0.026%	$165.8M	$75.8M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.383	−0.076%	$472K	$606K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.390	−0.065%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDTshort	+0.0100%	1h	66.360	−0.111%	$126K	$23K	50x
Aster XAGUSDT	+0.0129%	4h	66.436	+0.004%	$2.8M	$939K	100x	as long as short
Bybit XAGUSDT	+0.0130%	4h	66.460	+0.040%	$26.6M	$36.4M	150x	as long as short
Paradex XAG-USD-PERP	+0.0133%	8h	66.426	−0.012%	$30K	$1K	5x	as long as short
Hotstuff SILVER-PERP	+0.0144%	1h	66.367	−0.100%	$35K	$21K	20x	as long as short
Variational Omni XAG	+0.0159%	4h	66.443	+0.014%	$5.5M	$9.8M	—	as long as short
Aevo XAG-PERP	+0.0168%	1h	66.434	0.000%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0172%	4h	66.430	−0.005%	$102.8M	$158.5M	1000x	as long as short
Binance XAGUSDT	+0.0175%	4h	66.450	+0.025%	$192.5M	$706.9M	100x	as long as short
edgeX XAGUSDC	+0.0180%	4h	66.431	−0.003%	$674K	$314K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.410	−0.035%	$1.9M	$971K	20x	as long as short
Lighter XAGlong	+0.0192%	1h	66.433	long leg	$5.3M	$10.6M	25x
OKX XAG-USDT-SWAP	+0.0207%	8h	66.460	+0.040%	$28.0M	$65.9M	50x	as long as short
Nado XAG-PERP	+0.0223%	1h	66.390	−0.066%	$1.3M	$6.5M	10x	as long as short
Aftermath Perps XAGUSD	+0.0230%	1h	66.389	−0.067%	$80K	$38K	10x	as long as short
Hibachi XAG/USDT-P	+0.0240%	1h	66.390	−0.065%	$20K	$22K	10x	as long as short
Bitget XAGUSDT	+0.0244%	4h	66.440	+0.010%	$23.9M	$46.0M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0264%	4h	66.440	+0.010%	$397K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0286%	1h	66.416	−0.026%	$46K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0292% / S −0.0281%	1h	66.425	−0.013%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0462%	1h	66.395	−0.058%	$766K	$478K	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0503%	1h	66.420	−0.020%	$50K	$325K	20x	as long as short