XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0027%/8h= −3.0% APRnext payment −$0.03 per $10,000 · paid last 24h +0.011%

Price spread now: ApeX Omni against tradeXYZ−0.036%7-day average +0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$560.565% of the position

Long on tradeXYZ Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.076%+$8 on $10k

Price spread, last 4 days (all we have)+0.096%+$10 · spread now −0.036%, 7d avg +0.045%

Together, before fees+0.172%+ Points / potential airdroptradeXYZ: Active · farm board+$17 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 ApeX Omni is 0.082% cheaper against tradeXYZ than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.045%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.076%, 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	tradeXYZ xyz:SILVER	66.054	0.0127	pay 0.0016% / 1h	7m 13s	$166.0M	$73.5M	25x
Short	ApeX Omni XAGUSDT	66.030	0.0100	get 0.0013% / 1h	7m 13s	$113K	$30K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against tradeXYZ. 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 tradeXYZbpFee ApeX OmnibpOrdersPrice spread, now −0.036%Rate

Funding earned: −$5.68
Price spread: −0.036% → +0.045%: −$8.17
Slippage, 4 orders: −$28.5
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$70.34
Costs to cover: 0.565%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 12 min ago; ApeX Omni: live order book, 48 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 tradeXYZ live order book, 12 min ago	0.23 bp	9.2 bp −$9	9.2 bp −$92	10.7 bp −$1,070	doesn't fit
Sell ApeX Omni live order book, 48 min ago	9.08 bp	16.3 bp −$16	48.6 bp −$486	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	66.018	−0.055%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.100	+0.070%	$150.1M	$163.9M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.070	+0.024%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.130	+0.115%	$1.0M	$968K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.130	+0.115%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.022	−0.048%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.066	+0.019%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.015	−0.058%	$5.2M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.524%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.110	+0.085%	$795K	$3.1M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAG-USD.P	+0.0044%	1h	65.960	−0.142%	$5.7M	$9.6M	25x	as long as short
Vest SI-PERP	+0.0046%	1h	66.517	+0.701%	—	—	25x	as long as short
Hotstuff SILVER-PERP	+0.0048%	1h	66.057	+0.005%	$35K	$21K	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.057	+0.005%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.011	−0.065%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.090	+0.055%	$115K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0060%	1h	66.053	−0.002%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0071%	24h	66.038	−0.024%	$547K	$25.4M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	66.033	−0.032%	$470K	$615K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.050	−0.006%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDTshort	+0.0100%	1h	66.030	−0.036%	$113K	$30K	50x
tradeXYZ xyz:SILVERlong	+0.0127%	1h	66.054	long leg	$166.0M	$73.5M	25x
RISEx XAG/USDC	+0.0137%	1h	66.077	+0.034%	$1.3M	$4.6M	20x	as long as short
Paradex XAG-USD-PERP	+0.0144%	8h	66.084	+0.045%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0149%	4h	66.080	+0.039%	$2.7M	$868K	100x	as long as short
Bybit XAGUSDT	+0.0172%	4h	66.100	+0.070%	$27.1M	$36.1M	150x	as long as short
Lighter XAG	+0.0184%	1h	66.072	+0.027%	$5.3M	$10.8M	25x	as long as short
Aevo XAG-PERP	+0.0200%	1h	66.082	+0.043%	$47K	—	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.020	−0.051%	$1.8M	$1.0M	20x	as long as short
Variational Omni XAG	+0.0204%	4h	66.063	+0.013%	$5.6M	$9.5M	—	as long as short
MEXC SILVER_USDT	+0.0214%	4h	66.080	+0.039%	$110.6M	$153.0M	1000x	as long as short
Nado XAG-PERP	+0.0215%	1h	66.038	−0.025%	$1.4M	$6.4M	10x	as long as short
Binance XAGUSDT	+0.0217%	4h	66.080	+0.039%	$192.7M	$700.1M	100x	as long as short
Aftermath Perps XAGUSD	+0.0222%	1h	66.069	+0.023%	$80K	$36K	10x	as long as short
edgeX XAGUSDC	+0.0227%	4h	66.058	+0.005%	$670K	$311K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0235%	8h	66.090	+0.055%	$27.7M	$65.0M	50x	as long as short
Bitget XAGUSDT	+0.0258%	4h	66.080	+0.039%	$23.8M	$45.4M	100x	as long as short
BloFin XAG-USDT	+0.0265%	4h	66.120	+0.100%	$2.6M	$554K	100x	as long as short
GRVT XAG_USDT_Perp	+0.0276%	4h	66.090	+0.055%	$389K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0291%	1h	66.096	+0.064%	$44K	$76K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0356%	1h	66.060	+0.009%	$75K	$362K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0383% / S −0.0424%	1h	66.095	+0.062%	$103K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0384%	1h	66.054	−0.001%	$20K	$19K	10x	as long as short
Kraken Futures PF_XAGUSD	+0.0485%	1h	66.058	+0.006%	$912K	$683K	25x	as long as short