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

XAG

RWAall XAG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0041%/8h= +4.5% APRpaid last 24h +0.016%
Price spread now: Variational Omni against Lighter RH−0.074%7-day average +0.048% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.003%$0 on $10k
Price spread, last 7 days+0.088%+$9 · spread now −0.074%, 7d avg +0.048%
Together, before fees+0.085%+ Points / potential airdropLighter RH: Points live · Variational Omni: Active · farm board+$9 on $10k · with fees, hour by hour
Funding pays, the price is against you. Variational Omni is 0.122% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.074% now, against its 7-day average of +0.048%). If the spread goes back, that is −$12 on $10k: about 10.0 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH XAG66.3750.0032pay 0.0004% / 1h8m 04s$4.8M$9.8M25x
ShortVariational Omni XAG66.3260.0073get 0.0036% / 4h1h 08m$5.5M$10.5M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational 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
$8.58
Price spread: −0.074% → +0.048%
−$12.22
Slippage, 4 orders
no order book: not counted
Fee Lighter RH: 0 bp × 2 orders
$0
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$3.65
Costs to cover
0.000%
Break-even
10.0 days
Slippage unknown: Lighter RH: live order book, 6 min ago; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.

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, 6 min ago1.76 bp1.9 bp −$23.2 bp −$3220.1 bp −$2,007doesn't fit
Sell Variational Omni RFQ quote, 1 min ago2.56 bpdoesn't fit2.6 bp −$265.4 bp −$538doesn'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
Kraken Futures PF_XAGUSD−0.0271%1h66.360−0.023%$768K$569K25xas long as short
dYdX XAG-USD0.0000%1h66.297−0.118%$15K5xas long as short
Bybit XAGUSDT0.0000%4h66.400+0.037%$25.7M$33.5M150xas long as short
RISEx XAG/USDC0.0000%1h66.393+0.026%$1.3M$4.2M20xas long as short
Gate XAG_USDT0.0000%4h66.380+0.007%$146.5M$173.8M100xas long as short
SunX XAG-USDT0.0000%4h66.400+0.037%$2K$3.1M20xas long as short
HTX XAG-USDT0.0000%4h66.390+0.022%$1.0M$1.1M75xas long as short
Phemex XAGUSDT0.0000%4h66.390+0.022%$1.5M$249K100xas long as short
gTrade (Gains Network) XAG/USDL +0.0004% / S −0.0006%1h66.321−0.082%$120K250xas long as short
Hotstuff SILVER-PERP+0.0016%1h66.335−0.061%$35K$21K20xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX SILVER-USD+0.0016%1h66.370−0.008%$124K$2.8M20xas long as short
Lighter RH XAGlong+0.0032%1h66.375long leg$4.8M$9.8M25x
Extended XAG-USD+0.0032%1h66.322−0.080%$5.5M$12.4M10xas long as short
Injective XAG/USDC PERP+0.0033%1h66.400+0.037%$11K$94K52xas long as short
StandX XAG-USD+0.0040%1h66.320−0.083%$794K$2.7M40xas long as short
Vest SI-PERP+0.0046%1h66.821+0.671%25xas long as short
Polymarket Perps SILVER-USD+0.0050%1h66.350−0.038%$3.9M$699K20xas long as short
SoDEX SILVER-USD+0.0050%1h66.320−0.083%$4K$5K20xas long as short
Ondo Perps XAG-USD.P+0.0050%1h66.290−0.129%$5.7M$10.0M25xas long as short
tradeXYZ xyz:SILVER+0.0054%1h66.341−0.052%$165.3M$88.2M25xas long as short
Kalshi KXSILVERPERP+0.0058%24h66.334−0.062%$588K$21.4M8.1xas long as short
Phoenix SILVER+0.0073%1h66.292−0.126%$56K$26K25xas long as short
Variational Omni XAGshort+0.0073%4h66.326−0.074%$5.5M$10.5M
Bitget XAGUSDT+0.0078%4h66.390+0.022%$24.0M$47.9M100xas long as short
Aster XAGUSDT+0.0079%4h66.370−0.008%$2.8M$1.0M100xas long as short
MEXC SILVER_USDT+0.0090%4h66.380+0.007%$123.4M$182.6M1000xas long as short
Binance XAGUSDT+0.0091%4h66.390+0.022%$190.5M$729.1M100xas long as short
Aevo XAG-PERP+0.0096%1h66.382+0.010%$48K10xas long as short
Pacifica XAG+0.0100%1h66.327−0.073%$474K$625K10xas long as short
KuCoin XAGUSDTM+0.0100%4h66.360−0.023%$24.4M$4.5M75xas long as short
ApeX Omni XAGUSDT+0.0100%1h66.210−0.249%$113K$19K50xas long as short
Coinbase International SILVER-PERP-INTX+0.0104%1h66.220−0.234%$1.9M$861K20xas long as short
edgeX XAGUSDC+0.0105%4h66.317−0.088%$673K$314K30xas long as short
BloFin XAG-USDT+0.0109%4h66.330−0.068%$2.5M$848K100xas long as short
Paradex XAG-USD-PERP+0.0117%8h66.3760.000%$30K$1K5xas long as short
GRVT XAG_USDT_Perp+0.0126%4h66.280−0.144%$395K$1.4M25xas long as short
Aftermath Perps XAGUSD+0.0129%1h66.268−0.161%$80K$40K10xas long as short
Lighter XAG+0.0136%1h66.377+0.002%$5.2M$11.0M25xas long as short
OKX XAG-USDT-SWAP+0.0179%8h66.390+0.022%$27.4M$66.5M50xas long as short
Hibachi XAG/USDT-P+0.0192%1h66.310−0.098%$20K$22K10xas long as short
Nado XAG-PERP+0.0218%1h66.336−0.059%$1.3M$6.5M10xas long as short
Bullet SILVER-USD+0.0269%1h66.404+0.043%$45K$75K10xas long as short
GMX SILVER/USD [ETH-USDC]L +0.0303% / S −0.0300%1h66.395+0.030%$103K111xas long as short
Deribit SILVER_USDC-PERPETUAL+0.0353%1h66.370−0.008%$51K$359K20xas long as short