Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: ApeX Omni against Pacifica0.000%51s7-day average +0.049% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Pacifica Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.133%+$13 on $10k

Price spread, last 3 days (all we have)+0.081%+$8 · spread now 0.000%, 7d avg +0.049%

Together, before fees+0.214%+ Points / potential airdropPacifica: Active · farm board+$21 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.049% cheaper against Pacifica than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.049%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XAG	66.550	0.0100	pay 0.0013% / 1h	33m 54s	$475K	$626K	10x
Short	ApeX Omni XAGUSDT	66.550	0.0100	get 0.0013% / 1h	33m 54s	$127K	$26K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Pacifica. 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 PacificabpFee ApeX OmnibpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.049%: −$4.88
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$22.88
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 40 min ago; ApeX Omni: live order book, 37 min ago. Net counts fees only.

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 Pacifica live order book, 40 min ago	0.08 bp	5.1 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 37 min ago	7.51 bp	20.7 bp −$21	50.2 bp −$502	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
dYdX XAG-USD	0.0000%	1h	66.544	−0.008%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.580	+0.045%	$26.1M	$35.4M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.580	+0.045%	$155.3M	$167.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.610	+0.090%	$2K	$3.0M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.630	+0.120%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.630	+0.120%	$1.5M	$252K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.538	−0.018%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.559	+0.013%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.506	−0.066%	$5.4M	$12.4M	10x	as long as short
Hotstuff SILVER-PERP	+0.0032%	1h	66.571	+0.032%	$35K	$21K	20x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.225%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.590	+0.060%	$801K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	67.040	+0.736%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.568	+0.027%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.539	−0.017%	$165.4M	$85.5M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.579	+0.044%	$3.9M	$700K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.520	−0.045%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.490	−0.090%	$5.7M	$9.7M	25x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.590	+0.060%	$115K	$2.8M	20x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.554	+0.006%	$567K	$21.5M	8.1x	as long as short
GRVT XAG_USDT_Perp	+0.0070%	4h	66.618	+0.103%	$392K	$1.5M	25x	as long as short
Variational Omni XAG	+0.0086%	4h	66.625	+0.112%	$5.6M	$9.9M	—	as long as short
Aster XAGUSDT	+0.0086%	4h	66.570	+0.030%	$2.8M	$1.1M	100x	as long as short
Paradex XAG-USD-PERP	+0.0091%	8h	66.601	+0.076%	$30K	$1K	5x	as long as short
MEXC SILVER_USDT	+0.0098%	4h	66.560	+0.015%	$108.2M	$160.1M	1000x	as long as short
Binance XAGUSDT	+0.0098%	4h	66.569	+0.028%	$192.8M	$722.2M	100x	as long as short
Pacifica XAGlong	+0.0100%	1h	66.550	long leg	$475K	$626K	10x
KuCoin XAGUSDTM	+0.0100%	4h	66.530	−0.030%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDTshort	+0.0100%	1h	66.550	0.000%	$127K	$26K	50x
edgeX XAGUSDC	+0.0100%	4h	66.608	+0.088%	$676K	$314K	30x	as long as short
Lighter XAG	+0.0104%	1h	66.566	+0.024%	$5.4M	$10.5M	25x	as long as short
Aevo XAG-PERP	+0.0104%	1h	66.594	+0.065%	$48K	—	10x	as long as short
BloFin XAG-USDT	+0.0128%	4h	66.620	+0.105%	$2.6M	$699K	100x	as long as short
RISEx XAG/USDC	+0.0148%	1h	66.608	+0.087%	$1.3M	$4.3M	20x	as long as short
Nado XAG-PERP	+0.0160%	1h	66.554	+0.006%	$1.3M	$6.5M	10x	as long as short
Bitget XAGUSDT	+0.0166%	4h	66.580	+0.045%	$24.5M	$48.2M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.580	+0.045%	$1.9M	$929K	20x	as long as short
Aftermath Perps XAGUSD	+0.0186%	1h	66.578	+0.042%	$80K	$39K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0188%	8h	66.580	+0.045%	$28.1M	$66.9M	50x	as long as short
Bullet SILVER-USD	+0.0213%	1h	66.609	+0.089%	$45K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0240%	1h	66.580	+0.045%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.605	+0.083%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0351%	1h	66.580	+0.045%	$50K	$335K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0488%	1h	66.565	+0.023%	$765K	$567K	25x	as long as short