Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.016%

Price spread now: ApeX Omni against OKX−0.061%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$510.512% of the position

Long on OKX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.136%+$14 on $10k

Price spread, last 4 days (all we have)+0.136%+$14 · spread now −0.061%, 7d avg −0.010%

Together, before fees+0.272%+$27 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and ApeX Omni is 0.051% cheaper against OKX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.010%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.136%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XAG-USDT-SWAP	65.350	0.0167	pay 0.0167% / 8h	35m 28s	$28.2M	$70.0M	50x
Short	ApeX Omni XAGUSDT	65.310	0.0100	get 0.0013% / 1h	35m 28s	$112K	$19K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against OKX. 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 OKXbpFee ApeX OmnibpOrdersPrice spread, now −0.061%Rate

Funding earned: −$14.04
Price spread: −0.061% → −0.010%: −$5.09
Slippage, 4 orders: −$31.2
Fee OKX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$70.33
Costs to cover: 0.512%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; ApeX Omni: live order book, 65 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 OKX live order book, 3 min ago	0.76 bp	5.8 bp −$6	5.9 bp −$59	9.9 bp −$987	85.8 bp −$42.9K
Sell ApeX Omni live order book, 65 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
Ondo Perps XAG-USD.P	−0.0042%	1h	65.260	−0.138%	$5.6M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.297	−0.081%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.360	+0.015%	$27.8M	$39.3M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.370	+0.031%	$2K	$2.5M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.380	+0.046%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.340	−0.015%	$1.5M	$281K	100x	as long as short
Variational Omni XAG	0.0000%	4h	65.332	−0.027%	$5.5M	$9.1M	—	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.318	−0.049%	$118K	—	250x	as long as short
Hotstuff SILVER-PERP	+0.0024%	1h	65.316	−0.052%	$35K	$21K	20x	as long as short
Aster XAGUSDT	+0.0024%	4h	65.360	+0.015%	$2.7M	$928K	100x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance XAGUSDT	+0.0028%	4h	65.350	0.000%	$191.7M	$753.1M	100x	as long as short
MEXC SILVER_USDT	+0.0028%	4h	65.350	0.000%	$118.7M	$157.3M	1000x	as long as short
Lighter RH XAG	+0.0032%	1h	65.349	−0.002%	$4.6M	$9.8M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.298	−0.080%	$5.1M	$11.6M	10x	as long as short
edgeX XAGUSDC	+0.0032%	4h	65.342	−0.012%	$665K	$313K	30x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.607%	$11K	$94K	52x	as long as short
Gate XAG_USDT	+0.0034%	4h	65.370	+0.031%	$140.8M	$178.1M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.380	+0.046%	$786K	$2.9M	40x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.340	−0.015%	$157K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.774	+0.649%	—	—	25x	as long as short
Aevo XAG-PERP	+0.0048%	1h	65.362	+0.018%	$47K	—	10x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.316	−0.052%	$169.8M	$81.6M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.319	−0.047%	$3.8M	$856K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.299	−0.078%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0052%	8h	65.330	−0.031%	$29K	$1K	5x	as long as short
Phoenix SILVER	+0.0061%	1h	65.297	−0.081%	$56K	$31K	25x	as long as short
Kalshi KXSILVERPERP	+0.0079%	24h	65.350	0.000%	$531K	$31.8M	8.1x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	65.370	+0.031%	$1.6M	$1.4M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.297	−0.081%	$465K	$611K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.320	−0.046%	$25.3M	$4.7M	75x	as long as short
ApeX Omni XAGUSDTshort	+0.0100%	1h	65.310	−0.061%	$112K	$19K	50x
RISEx XAG/USDC	+0.0118%	1h	65.365	+0.023%	$1.2M	$4.8M	20x	as long as short
BloFin XAG-USDT	+0.0119%	4h	65.380	+0.046%	$2.7M	$575K	100x	as long as short
GRVT XAG_USDT_Perp	+0.0128%	4h	65.357	+0.010%	$384K	$1.6M	25x	as long as short
Bitget XAGUSDT	+0.0154%	4h	65.360	+0.015%	$23.2M	$44.7M	100x	as long as short
Lighter XAG	+0.0160%	1h	65.354	+0.007%	$5.3M	$11.1M	25x	as long as short
Nado XAG-PERP	+0.0160%	1h	65.315	−0.053%	$1.2M	$4.7M	10x	as long as short
OKX XAG-USDT-SWAPlong	+0.0167%	8h	65.350	long leg	$28.2M	$70.0M	50x
Aftermath Perps XAGUSD	+0.0181%	1h	65.328	−0.034%	$79K	$37K	10x	as long as short
Hibachi XAG/USDT-P	+0.0184%	1h	65.330	−0.031%	$20K	$17K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.360	+0.015%	$65K	$390K	20x	as long as short
Bullet SILVER-USD	+0.0222%	1h	65.391	+0.063%	$45K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.375	+0.038%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0363%	1h	65.340	−0.015%	$1.0M	$868K	25x	as long as short