Settings8H · net · $10k
Funding arb · Price arb /

XAG

RWAall XAG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0068%/8h= +7.4% APRnext payment +$0.09 per $10,000 · paid last 24h +0.020%
Price spread now: ApeX Omni against Lighter RH−0.005%7-day average +0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$400.397% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.138%+$14 on $10k
Price spread, last 3 days (all we have)+0.042%+$4 · spread now −0.005%, 7d avg +0.021%
Together, before fees+0.180%+ Points / potential airdropLighter RH: Points live · farm board+$18 on $10k · with fees, hour by hour
Funding pays, the price is against you. ApeX Omni is 0.026% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.005% now, against its 7-day average of +0.021%). If the spread goes back, that is −$3 on $10k: about 30 hours of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH XAG66.6030.0032pay 0.0004% / 1h14m 55s$4.8M$9.6M25x
ShortApeX Omni XAGUSDT66.6000.0100get 0.0013% / 1h14m 55s$127K$26K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Lighter RH. 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

Funding earned
$14.28
Price spread: −0.005% → +0.021%
−$2.56
Slippage, 4 orders
−$29.68
Fee Lighter RH: 0 bp × 2 orders
$0
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$27.97
Costs to cover
0.397%
Break-even
20.7 days
Slippage from Lighter RH: live order book, 4 min ago; ApeX Omni: live order book, 61 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter RH live order book, 4 min ago1.73 bp1.7 bp −$24.1 bp −$4121.7 bp −$2,175doesn't fit
Sell ApeX Omni live order book, 61 min ago3.78 bp20.1 bp −$2052.6 bp −$526doesn't fitdoesn't fit

XAG on 44 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX XAG-USD0.0000%1h66.560−0.065%$15K5xas long as short
Bybit XAGUSDT0.0000%4h66.660+0.086%$26.5M$34.7M150xas long as short
Gate XAG_USDT0.0000%4h66.640+0.056%$156.1M$174.7M100xas long as short
SunX XAG-USDT0.0000%4h66.610+0.011%$2K$3.0M20xas long as short
HTX XAG-USDT0.0000%4h66.650+0.071%$1.1M$1.1M75xas long as short
Phemex XAGUSDT0.0000%4h66.620+0.026%$1.5M$250K100xas long as short
gTrade (Gains Network) XAG/USDL +0.0004% / S −0.0006%1h66.541−0.093%$120K250xas long as short
Lighter RH XAGlong+0.0032%1h66.603long leg$4.8M$9.6M25x
Extended XAG-USD+0.0032%1h66.566−0.055%$5.5M$12.2M10xas long as short
Injective XAG/USDC PERP+0.0033%1h66.400−0.305%$11K$94K52xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix SILVER+0.0036%1h66.531−0.108%$56K$26K25xas long as short
StandX XAG-USD+0.0040%1h66.570−0.050%$797K$2.7M40xas long as short
Vest SI-PERP+0.0046%1h67.051+0.673%25xas long as short
Polymarket Perps SILVER-USD+0.0050%1h66.577−0.039%$3.9M$699K20xas long as short
SoDEX SILVER-USD+0.0050%1h66.551−0.078%$4K$5K20xas long as short
Ondo Perps XAG-USD.P+0.0050%1h66.520−0.125%$5.7M$10.0M25xas long as short
Hotstuff SILVER-PERP+0.0056%1h66.579−0.036%$35K$21K20xas long as short
Kalshi KXSILVERPERP+0.0060%24h66.564−0.059%$581K$21.4M8.1xas long as short
QFEX SILVER-USD+0.0061%1h66.600−0.005%$124K$2.8M20xas long as short
tradeXYZ xyz:SILVER+0.0071%1h66.594−0.014%$166.0M$87.0M25xas long as short
Pacifica XAG+0.0100%1h66.556−0.071%$481K$618K10xas long as short
KuCoin XAGUSDTM+0.0100%4h66.580−0.035%$24.6M$4.5M75xas long as short
ApeX Omni XAGUSDTshort+0.0100%1h66.600−0.005%$127K$26K50x
Variational Omni XAG+0.0103%4h66.615+0.019%$5.6M$10.1Mas long as short
Paradex XAG-USD-PERP+0.0105%8h66.597−0.009%$30K$1K5xas long as short
Aster XAGUSDT+0.0115%4h66.629+0.039%$2.8M$1.1M100xas long as short
Lighter XAG+0.0120%1h66.610+0.011%$5.2M$10.4M25xas long as short
Aevo XAG-PERP+0.0120%1h66.607+0.006%$48K10xas long as short
MEXC SILVER_USDT+0.0122%4h66.620+0.026%$115.3M$153.4M1000xas long as short
Binance XAGUSDT+0.0123%4h66.633+0.045%$191.9M$724.0M100xas long as short
edgeX XAGUSDC+0.0134%4h66.629+0.039%$676K$316K30xas long as short
Bitget XAGUSDT+0.0154%4h66.650+0.071%$24.4M$48.2M100xas long as short
BloFin XAG-USDT+0.0157%4h66.610+0.011%$2.6M$652K100xas long as short
Coinbase International SILVER-PERP-INTX+0.0160%1h66.640+0.056%$1.9M$851K20xas long as short
Aftermath Perps XAGUSD+0.0171%1h66.553−0.075%$80K$40K10xas long as short
GRVT XAG_USDT_Perp+0.0180%4h66.634+0.047%$401K$1.5M25xas long as short
OKX XAG-USDT-SWAP+0.0197%8h66.630+0.041%$28.0M$66.8M50xas long as short
RISEx XAG/USDC+0.0208%1h66.623+0.029%$1.3M$4.2M20xas long as short
Bullet SILVER-USD+0.0250%1h66.613+0.015%$45K$75K10xas long as short
Nado XAG-PERP+0.0254%1h66.564−0.058%$1.3M$6.6M10xas long as short
Hibachi XAG/USDT-P+0.0288%1h66.564−0.059%$20K$22K10xas long as short
GMX SILVER/USD [ETH-USDC]L +0.0291% / S −0.0281%1h66.605+0.003%$103K111xas long as short
Deribit SILVER_USDC-PERPETUAL+0.0501%1h66.610+0.011%$50K$351K20xas long as short
Kraken Futures PF_XAGUSD+0.0595%1h66.580−0.034%$764K$588K25xas long as short