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

XAG

RWAall XAG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0014%/8h= +1.5% APRpaid last 24h +0.002%
Price spread now: ApeX Omni against Variational Omni−0.127%7-day average −0.010% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.070%+$7 on $10k
Price spread, last 3 days (all we have)+0.109%+$11 · spread now −0.127%, 7d avg −0.010%
Together, before fees+0.179%+ Points / potential airdropVariational Omni: Active · farm board+$18 on $10k · with fees, hour by hour
Funding pays, the price is against you. ApeX Omni is 0.117% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.127% now, against its 7-day average of −0.010%). If the spread goes back, that is −$12 on $10k: about 28 days of funding at the current rate ($0 a day). At the pace of the last 3 days (+0.070% in total) that is about 5.7 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni XAG66.6250.0086pay 0.0043% / 4h3h 31m$5.6M$9.9M
ShortApeX Omni XAGUSDT66.5400.0100get 0.0013% / 1h31m 34s$127K$24K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Variational Omni. 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
$2.94
Price spread: −0.127% → −0.010%
−$11.74
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$18.79
Costs to cover
0.100%
Break-even
51.7 days
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; ApeX Omni: live order book, 39 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 3 min ago2.56 bpdoesn't fit2.7 bp −$27doesn't fitdoesn't fit
Sell ApeX Omni live order book, 39 min ago7.51 bp20.7 bp −$2150.2 bp −$502doesn'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
Hotstuff SILVER-PERP−0.0008%1h66.517−0.162%$35K$21K20xas long as short
dYdX XAG-USD0.0000%1h66.490−0.203%$15K5xas long as short
Bybit XAGUSDT0.0000%4h66.570−0.082%$26.1M$35.3M150xas long as short
Gate XAG_USDT0.0000%4h66.560−0.097%$155.3M$167.6M100xas long as short
SunX XAG-USDT0.0000%4h66.570−0.082%$2K$3.0M20xas long as short
HTX XAG-USDT0.0000%4h66.610−0.022%$1.1M$1.1M75xas long as short
Phemex XAGUSDT0.0000%4h66.610−0.022%$1.5M$252K100xas long as short
gTrade (Gains Network) XAG/USDL +0.0004% / S −0.0006%1h66.499−0.189%$120K250xas long as short
Lighter RH XAG+0.0032%1h66.533−0.138%$4.8M$9.5M25xas long as short
Extended XAG-USD+0.0032%1h66.488−0.205%$5.4M$12.4M10xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective XAG/USDC PERP+0.0033%1h66.400−0.337%$11K$94K52xas long as short
StandX XAG-USD+0.0040%1h66.540−0.127%$801K$2.7M40xas long as short
Vest SI-PERP+0.0046%1h66.999+0.562%25xas long as short
Phoenix SILVER+0.0048%1h66.543−0.123%$56K$26K25xas long as short
tradeXYZ xyz:SILVER+0.0050%1h66.516−0.163%$165.4M$85.5M25xas long as short
Polymarket Perps SILVER-USD+0.0050%1h66.534−0.136%$3.9M$700K20xas long as short
SoDEX SILVER-USD+0.0050%1h66.495−0.195%$4K$5K20xas long as short
Ondo Perps XAG-USD.P+0.0050%1h66.440−0.277%$5.7M$9.7M25xas long as short
QFEX SILVER-USD+0.0051%1h66.540−0.127%$115K$2.8M20xas long as short
Kalshi KXSILVERPERP+0.0059%24h66.514−0.166%$567K$21.5M8.1xas long as short
Aster XAGUSDT+0.0084%4h66.550−0.112%$2.8M$1.1M100xas long as short
Variational Omni XAGlong+0.0086%4h66.625long leg$5.6M$9.9M
Paradex XAG-USD-PERP+0.0093%8h66.544−0.121%$30K$1K5xas long as short
BloFin XAG-USDT+0.0093%4h66.590−0.052%$2.6M$703K100xas long as short
MEXC SILVER_USDT+0.0098%4h66.550−0.112%$108.2M$160.1M1000xas long as short
Binance XAGUSDT+0.0099%4h66.550−0.112%$192.7M$722.2M100xas long as short
Pacifica XAG+0.0100%1h66.496−0.193%$475K$626K10xas long as short
KuCoin XAGUSDTM+0.0100%4h66.520−0.157%$24.6M$4.5M75xas long as short
GRVT XAG_USDT_Perp+0.0100%4h66.606−0.028%$394K$1.5M25xas long as short
ApeX Omni XAGUSDTshort+0.0100%1h66.540−0.127%$127K$24K50x
Aevo XAG-PERP+0.0104%1h66.550−0.112%$48K10xas long as short
Lighter XAG+0.0112%1h66.544−0.121%$5.4M$10.5M25xas long as short
edgeX XAGUSDC+0.0117%4h66.616−0.013%$676K$315K30xas long as short
RISEx XAG/USDC+0.0148%1h66.553−0.107%$1.3M$4.3M20xas long as short
Nado XAG-PERP+0.0163%1h66.514−0.167%$1.3M$6.5M10xas long as short
Bitget XAGUSDT+0.0168%4h66.560−0.097%$24.5M$48.1M100xas long as short
Coinbase International SILVER-PERP-INTX+0.0184%1h66.580−0.067%$1.9M$929K20xas long as short
OKX XAG-USDT-SWAP+0.0188%8h66.560−0.097%$27.9M$67.3M50xas long as short
Aftermath Perps XAGUSD+0.0189%1h66.548−0.115%$80K$39K10xas long as short
Bullet SILVER-USD+0.0216%1h66.565−0.090%$46K$76K10xas long as short
Hibachi XAG/USDT-P+0.0240%1h66.540−0.127%$20K$22K10xas long as short
GMX SILVER/USD [ETH-USDC]L +0.0291% / S −0.0281%1h66.565−0.090%$103K111xas long as short
Deribit SILVER_USDC-PERPETUAL+0.0352%1h66.540−0.127%$50K$336K20xas long as short
Kraken Futures PF_XAGUSD+0.0488%1h66.526−0.148%$765K$565K25xas long as short