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

XAG

RWAall XAG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0039%/8h= +4.3% APRnext payment +$0.05 per $10,000 · paid last 24h +0.008%
Price spread now: ApeX Omni against RISEx+0.188%54s7-day average −0.022% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$520.516% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.037%+$4 on $10k
Price spread, last 4 days (all we have)−0.215%−$21 · spread now +0.188%, 7d avg −0.022%
Together, before fees−0.177%−$18 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and ApeX Omni is 0.210% dearer against RISEx than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of −0.022%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx XAG/USDC65.4870.0061pay 0.0008% / 1h52m 42s$1.2M$4.9M20x
ShortApeX Omni XAGUSDT65.6100.0100get 0.0013% / 1h52m 42s$112K$19K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against RISEx. 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
$8.25
Price spread: +0.188% → −0.022%
$20.98
Slippage, 4 orders
−$35.63
Fee RISEx: 3 bp × 2 orders
−$6
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$22.4
Costs to cover
0.516%
Break-even
26.0 days
Slippage from RISEx: live order book, 1 min ago; ApeX Omni: live order book, 53 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 RISEx live order book, 1 min ago1.43 bp4.4 bp −$45.8 bp −$58doesn't fitdoesn't fit
Sell ApeX Omni live order book, 53 min ago6.05 bp14.5 bp −$1548.9 bp −$489doesn'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
Hibachi XAG/USDT-P−0.0112%1h65.457−0.045%$20K$19K10xas long as short
Hotstuff SILVER-PERP−0.0104%1h65.474−0.019%$35K$21K20xas long as short
Ondo Perps XAG-USD.P−0.0042%1h65.370−0.178%$5.6M$9.7M25xas long as short
dYdX XAG-USD0.0000%1h65.471−0.025%$12K$5K5xas long as short
SunX XAG-USDT0.0000%4h65.510+0.036%$2K$2.6M20xas long as short
HTX XAG-USDT0.0000%4h65.550+0.097%$1.1M$1.1M75xas long as short
Phemex XAGUSDT0.0000%4h65.510+0.036%$1.5M$281K100xas long as short
gTrade (Gains Network) XAG/USDL +0.0004% / S −0.0006%1h65.436−0.077%$118K250xas long as short
Gate XAG_USDT+0.0028%4h65.510+0.036%$143.8M$177.0M100xas long as short
Lighter RH XAG+0.0032%1h65.477−0.015%$4.7M$9.5M25xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended XAG-USD+0.0032%1h65.441−0.069%$5.1M$11.6M10xas long as short
Injective XAG/USDC PERP+0.0033%1h66.400+1.395%$11K$94K52xas long as short
StandX XAG-USD+0.0040%1h65.480−0.010%$788K$3.0M40xas long as short
Vest SI-PERP+0.0046%1h65.919+0.660%25xas long as short
QFEX SILVER-USD+0.0050%1h65.490+0.005%$152K$2.8M20xas long as short
tradeXYZ xyz:SILVER+0.0050%1h65.459−0.042%$170.6M$82.9M25xas long as short
Polymarket Perps SILVER-USD+0.0050%1h65.463−0.036%$3.9M$712K20xas long as short
SoDEX SILVER-USD+0.0050%1h65.437−0.076%$3K$6K20xas long as short
Bybit XAGUSDT+0.0056%4h65.500+0.020%$28.7M$39.4M150xas long as short
Aster XAGUSDT+0.0057%4h65.500+0.020%$2.7M$955K100xas long as short
Paradex XAG-USD-PERP+0.0060%8h65.479−0.013%$29K$1K5xas long as short
RISEx XAG/USDClong+0.0061%1h65.487long leg$1.2M$4.9M20x
Phoenix SILVER+0.0061%1h65.561+0.113%$56K$31K25xas long as short
Kalshi KXSILVERPERP+0.0077%24h65.482−0.007%$468K$29.2M8.1xas long as short
Lighter XAG+0.0096%1h65.483−0.005%$5.4M$11.2M25xas long as short
Variational Omni XAG+0.0096%4h65.634+0.224%$5.5M$9.4Mas long as short
Binance XAGUSDT+0.0098%4h65.480−0.010%$188.4M$749.4M100xas long as short
MEXC SILVER_USDT+0.0098%4h65.480−0.010%$113.5M$156.3M1000xas long as short
Pacifica XAG+0.0100%1h65.446−0.062%$468K$629K10xas long as short
KuCoin XAGUSDTM+0.0100%4h65.460−0.041%$24.6M$4.8M75xas long as short
ApeX Omni XAGUSDTshort+0.0100%1h65.610+0.188%$112K$19K50x
Aevo XAG-PERP+0.0104%1h65.487+0.001%$47K10xas long as short
Nado XAG-PERP+0.0119%1h65.457−0.045%$1.2M$5.5M10xas long as short
Coinbase International SILVER-PERP-INTX+0.0120%1h65.450−0.056%$1.6M$1.3M20xas long as short
edgeX XAGUSDC+0.0120%4h65.615+0.197%$668K$312K30xas long as short
GRVT XAG_USDT_Perp+0.0142%4h65.554+0.103%$395K$1.6M25xas long as short
Bullet SILVER-USD+0.0173%1h65.503+0.024%$44K$76K10xas long as short
Bitget XAGUSDT+0.0196%4h65.500+0.020%$23.8M$46.4M100xas long as short
OKX XAG-USDT-SWAP+0.0201%8h65.490+0.005%$27.7M$70.6M50xas long as short
Deribit SILVER_USDC-PERPETUAL+0.0208%1h65.480−0.010%$66K$370K20xas long as short
Aftermath Perps XAGUSD+0.0212%1h65.532+0.069%$79K$37K10xas long as short
GMX SILVER/USD [ETH-USDC]L +0.0321% / S −0.0301%1h65.505+0.028%$93K111xas long as short
BloFin XAG-USDT+0.0339%4h65.520+0.051%$2.6M$618K100xas long as short
Kraken Futures PF_XAGUSD+0.0492%1h65.472−0.022%$917K$739K25xas long as short