Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h +0.020%

Price spread now: Variational Omni against StandX−0.149%7-day average +0.007% · you buy dearer than you sell

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

Long on StandX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.002%$0 on $10k

Price spread, last 7 days+0.141%+$14 · spread now −0.149%, 7d avg +0.007%

Together, before fees+0.143%+ Points / potential airdropStandX: Active · Variational Omni: Active · farm board+$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.156% cheaper against StandX than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.007%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX XAG-USD	65.140	0.0040	pay 0.0005% / 1h	21m 21s	$784K	$2.9M	40x
Short	Variational Omni XAG	65.043	0	get 0.0000% / 4h	21m 21s	$5.5M	$9.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against StandX. 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 StandXbpFee Variational OmnibpOrdersPrice spread, now −0.149%Rate

Funding earned: −$8.4
Price spread: −0.149% → +0.007%: −$15.55
Slippage, 4 orders: no order book: not counted
Fee StandX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$31.95
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: StandX: live order book, 2 min ago; Variational Omni: RFQ quote, 3 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 StandX live order book, 2 min ago	2.30 bp	9.4 bp −$9	10.6 bp −$106	39.4 bp −$3,935	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	2.58 bp	doesn't fit	2.6 bp −$26	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
Hotstuff SILVER-PERP	−0.0056%	1h	65.059	−0.124%	$35K	$21K	20x	as long as short
Ondo Perps XAG-USD.P	−0.0033%	1h	64.990	−0.230%	$5.6M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.070	−0.107%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.130	−0.015%	$27.6M	$39.2M	150x	as long as short
Variational Omni XAGshort	0.0000%	4h	65.043	−0.149%	$5.5M	$9.1M	—
SunX XAG-USDT	0.0000%	4h	65.130	−0.015%	$2K	$2.5M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.160	+0.031%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.130	−0.015%	$1.5M	$278K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.069	−0.110%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0030%	4h	65.150	+0.015%	$140.5M	$180.7M	100x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SILVER_USDT	+0.0030%	4h	65.110	−0.046%	$124.7M	$160.5M	1000x	as long as short
Binance XAGUSDT	+0.0030%	4h	65.120	−0.031%	$191.5M	$757.2M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.118	−0.034%	$4.6M	$9.9M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.067	−0.112%	$5.0M	$11.7M	10x	as long as short
Aster XAGUSDT	+0.0033%	4h	65.120	−0.031%	$2.7M	$971K	100x	as long as short
edgeX XAGUSDC	+0.0033%	4h	65.105	−0.054%	$663K	$313K	30x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.934%	$11K	$94K	52x	as long as short
StandX XAG-USDlong	+0.0040%	1h	65.140	long leg	$784K	$2.9M	40x
QFEX SILVER-USD	+0.0044%	1h	65.090	−0.077%	$160K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.530	+0.599%	—	—	25x	as long as short
Aevo XAG-PERP	+0.0048%	1h	65.114	−0.040%	$47K	—	10x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.087	−0.081%	$3.8M	$892K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.055	−0.130%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0053%	8h	65.085	−0.084%	$29K	$1K	5x	as long as short
tradeXYZ xyz:SILVER	+0.0059%	1h	65.097	−0.066%	$172.3M	$83.9M	25x	as long as short
Phoenix SILVER	+0.0061%	1h	65.047	−0.143%	$55K	$31K	25x	as long as short
Kalshi KXSILVERPERP	+0.0080%	24h	65.084	−0.086%	$476K	$32.2M	8.1x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	64.970	−0.261%	$1.6M	$1.4M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.041	−0.152%	$463K	$606K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.080	−0.092%	$25.2M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.080	−0.092%	$111K	$19K	50x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.115	−0.038%	$1.2M	$4.8M	20x	as long as short
BloFin XAG-USDT	+0.0120%	4h	65.140	0.000%	$2.7M	$624K	100x	as long as short
GRVT XAG_USDT_Perp	+0.0132%	4h	65.067	−0.113%	$386K	$1.6M	25x	as long as short
Bitget XAGUSDT	+0.0154%	4h	65.120	−0.031%	$23.2M	$44.9M	100x	as long as short
Nado XAG-PERP	+0.0165%	1h	65.082	−0.089%	$1.2M	$4.7M	10x	as long as short
OKX XAG-USDT-SWAP	+0.0169%	8h	65.130	−0.015%	$28.3M	$70.4M	50x	as long as short
Lighter XAG	+0.0176%	1h	65.119	−0.033%	$5.3M	$11.3M	25x	as long as short
Aftermath Perps XAGUSD	+0.0195%	1h	65.096	−0.067%	$78K	$37K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0211%	1h	65.090	−0.077%	$65K	$394K	20x	as long as short
Bullet SILVER-USD	+0.0230%	1h	65.098	−0.064%	$45K	$75K	10x	as long as short
Hibachi XAG/USDT-P	+0.0232%	1h	65.044	−0.147%	$20K	$17K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.135	−0.008%	$92K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0364%	1h	65.097	−0.066%	$1.0M	$869K	25x	as long as short