Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h −0.006%

Price spread now: ApeX Omni against MEXC−0.015%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$410.412% of the position

Long on MEXC Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.147%+$15 on $10k

Price spread, last 4 days (all we have)+0.035%+$4 · spread now −0.015%, 7d avg +0.007%

Together, before fees+0.182%+$18 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.022% cheaper against MEXC than usual: you would sell low and buy high (spread −0.015% now, against its 7-day average of +0.007%). If the spread goes back, that is −$2 on $10k: about 37 hours of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SILVER_USDT	65.370	0.0052	pay 0.0026% / 4h	1h 17m	$116.5M	$157.6M	1000x
Short	ApeX Omni XAGUSDT	65.360	0.0100	get 0.0013% / 1h	17m 21s	$112K	$19K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against MEXC. 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 MEXCbpFee ApeX OmnibpOrdersPrice spread, now −0.015%Rate

Funding earned: $10.08
Price spread: −0.015% → +0.007%: −$2.25
Slippage, 4 orders: −$31.2
Fee MEXC: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$33.36
Costs to cover: 0.412%
Break-even: 30.2 days

Slippage from MEXC: live order book, 2 min ago; ApeX Omni: live order book, 23 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 MEXC live order book, 2 min ago	0.76 bp	0.8 bp −$1	0.8 bp −$8	0.8 bp −$76	2.6 bp −$1,280
Sell ApeX Omni live order book, 23 min ago	8.41 bp	17.1 bp −$17	67.5 bp −$675	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
Hibachi XAG/USDT-P	−0.0144%	1h	65.301	−0.106%	$20K	$19K	10x	as long as short
Ondo Perps XAG-USD.P	−0.0079%	1h	65.270	−0.153%	$5.6M	$9.7M	25x	as long as short
Hotstuff SILVER-PERP	−0.0008%	1h	65.343	−0.041%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	65.306	−0.099%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.380	+0.015%	$27.8M	$39.9M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.400	+0.046%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.410	+0.061%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.390	+0.031%	$1.5M	$280K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.296	−0.113%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0026%	4h	65.390	+0.031%	$141.3M	$183.5M	100x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni XAG	+0.0028%	4h	65.404	+0.051%	$5.5M	$9.4M	—	as long as short
Lighter RH XAG	+0.0032%	1h	65.389	+0.029%	$4.6M	$9.8M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.312	−0.089%	$5.1M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.576%	$11K	$94K	52x	as long as short
Aster XAGUSDT	+0.0034%	4h	65.379	+0.014%	$2.7M	$975K	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.350	−0.031%	$786K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.782	+0.630%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0050%	1h	65.370	0.000%	$152K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.336	−0.052%	$170.3M	$83.6M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.339	−0.047%	$3.8M	$856K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.308	−0.095%	$3K	$6K	20x	as long as short
MEXC SILVER_USDTlong	+0.0052%	4h	65.370	long leg	$116.5M	$157.6M	1000x
Binance XAGUSDT	+0.0054%	4h	65.380	+0.015%	$191.0M	$766.2M	100x	as long as short
Paradex XAG-USD-PERP	+0.0055%	8h	65.373	+0.005%	$29K	$1K	5x	as long as short
edgeX XAGUSDC	+0.0058%	4h	65.339	−0.048%	$665K	$314K	30x	as long as short
RISEx XAG/USDC	+0.0061%	1h	65.388	+0.027%	$1.2M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0061%	1h	65.371	+0.002%	$56K	$31K	25x	as long as short
Aevo XAG-PERP	+0.0064%	1h	65.366	−0.007%	$47K	—	10x	as long as short
Kalshi KXSILVERPERP	+0.0078%	24h	65.331	−0.060%	$507K	$31.2M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	65.325	−0.069%	$469K	$628K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.350	−0.031%	$25.3M	$5.0M	75x	as long as short
ApeX Omni XAGUSDTshort	+0.0100%	1h	65.360	−0.015%	$112K	$19K	50x
GRVT XAG_USDT_Perp	+0.0118%	4h	65.365	−0.007%	$391K	$1.6M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0120%	1h	65.290	−0.122%	$1.6M	$1.4M	20x	as long as short
Nado XAG-PERP	+0.0134%	1h	65.346	−0.037%	$1.2M	$5.2M	10x	as long as short
Lighter XAG	+0.0152%	1h	65.392	+0.034%	$5.3M	$11.5M	25x	as long as short
Bitget XAGUSDT	+0.0170%	4h	65.380	+0.015%	$23.8M	$46.5M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0182%	8h	65.390	+0.031%	$28.0M	$71.0M	50x	as long as short
Bullet SILVER-USD	+0.0184%	1h	65.379	+0.014%	$44K	$76K	10x	as long as short
Aftermath Perps XAGUSD	+0.0211%	1h	65.337	−0.051%	$79K	$37K	10x	as long as short
BloFin XAG-USDT	+0.0214%	4h	65.370	0.000%	$2.6M	$600K	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0272% / S −0.0241%	1h	65.365	−0.008%	$93K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0362%	1h	65.360	−0.015%	$65K	$380K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0493%	1h	65.352	−0.028%	$916K	$746K	25x	as long as short