Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0128%/8h= +14.0% APRpaid last 24h +0.017%

Price spread now: Variational Omni against SoDEX−0.012%7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX SILVER-USD	66.021	0.0050	pay 0.0006% / 1h	22m 08s	$3K	$6K	20x
Short	Variational Omni XAG	66.013	0.0178	get 0.0089% / 4h	3h 22m	$5.6M	$9.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against SoDEX. 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 SoDEXbpFee Variational OmnibpOrdersPrice spread, now −0.012%Rate

Funding earned: $26.8
Price spread: −0.012% → 0.000%: −$1.24
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $17.55
Costs to cover: 0.080%
Break-even: 2.4 days

Slippage unknown: SoDEX: no order-book sample; Variational Omni: RFQ quote, 2 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 SoDEX no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 2 min ago	2.57 bp	doesn't fit	2.6 bp −$26	doesn't fit	doesn't fit

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0056%	1h	65.950	−0.108%	$5.7M	$9.2M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.989	−0.049%	$15K	—	5x	as long as short
SunX XAG-USDT	0.0000%	4h	66.080	+0.089%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.120	+0.150%	$1.0M	$957K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.080	+0.089%	$1.5M	$320K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.020	−0.002%	$120K	—	250x	as long as short
Gate XAG_USDT	+0.0006%	4h	66.090	+0.105%	$149.9M	$163.8M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	66.060	+0.059%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.020	−0.001%	$5.2M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.574%	$11K	$94K	52x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	66.060	+0.059%	$795K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.497	+0.721%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.037	+0.024%	$166.5M	$73.8M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.036	+0.023%	$3.9M	$674K	20x	as long as short
SoDEX SILVER-USDlong	+0.0050%	1h	66.021	long leg	$3K	$6K	20x
Paradex XAG-USD-PERP	+0.0057%	8h	66.052	+0.047%	$30K	$1K	5x	as long as short
QFEX SILVER-USD	+0.0060%	1h	66.040	+0.029%	$114K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0073%	1h	65.963	−0.088%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0073%	24h	66.044	+0.035%	$518K	$26.1M	8.1x	as long as short
RISEx XAG/USDC	+0.0080%	1h	66.066	+0.068%	$1.3M	$4.9M	20x	as long as short
Lighter XAG	+0.0096%	1h	66.071	+0.076%	$5.3M	$10.8M	25x	as long as short
Hotstuff SILVER-PERP	+0.0096%	1h	66.041	+0.030%	$35K	$21K	20x	as long as short
Pacifica XAG	+0.0100%	1h	66.016	−0.008%	$470K	$608K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.040	+0.029%	$24.4M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.980	−0.062%	$113K	$30K	50x	as long as short
Bybit XAGUSDT	+0.0124%	4h	66.090	+0.105%	$27.8M	$36.6M	150x	as long as short
Aster XAGUSDT	+0.0129%	4h	66.070	+0.074%	$2.7M	$866K	100x	as long as short
BloFin XAG-USDT	+0.0160%	4h	66.040	+0.029%	$2.6M	$563K	100x	as long as short
Aevo XAG-PERP	+0.0168%	1h	66.064	+0.066%	$47K	—	10x	as long as short
Nado XAG-PERP	+0.0170%	1h	66.026	+0.008%	$1.4M	$5.8M	10x	as long as short
Variational Omni XAGshort	+0.0178%	4h	66.013	−0.012%	$5.6M	$9.4M	—
Binance XAGUSDT	+0.0184%	4h	66.077	+0.085%	$191.2M	$702.2M	100x	as long as short
MEXC SILVER_USDT	+0.0186%	4h	66.070	+0.074%	$114.7M	$152.6M	1000x	as long as short
Aftermath Perps XAGUSD	+0.0189%	1h	65.974	−0.071%	$79K	$36K	10x	as long as short
edgeX XAGUSDC	+0.0196%	4h	66.015	−0.010%	$670K	$310K	30x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0204%	1h	66.060	+0.059%	$75K	$363K	20x	as long as short
GRVT XAG_USDT_Perp	+0.0206%	4h	66.026	+0.008%	$394K	$1.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	66.030	+0.014%	$1.8M	$1.0M	20x	as long as short
OKX XAG-USDT-SWAP	+0.0226%	8h	66.080	+0.089%	$27.7M	$64.6M	50x	as long as short
Bullet SILVER-USD	+0.0226%	1h	66.080	+0.090%	$45K	$76K	10x	as long as short
Bitget XAGUSDT	+0.0230%	4h	66.080	+0.089%	$24.0M	$45.2M	100x	as long as short
Hibachi XAG/USDT-P	+0.0304%	1h	65.970	−0.077%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0388% / S −0.0440%	1h	66.085	+0.097%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0623%	1h	66.046	+0.037%	$912K	$683K	25x	as long as short