Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h −0.013%

Price spread now: Extended against Variational Omni−0.074%7-day average −0.068% · you buy dearer than you sell

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

Long on Variational Omni Short on Extended

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.015%+$1 on $10k

Price spread, last 7 days+0.036%+$4 · spread now −0.074%, 7d avg −0.068%

Together, before fees+0.051%+ Points / potential airdropVariational Omni: Active · Extended: Active · farm board+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.068%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XAG	65.432	0.0008	pay 0.0004% / 4h	40m 10s	$5.5M	$9.1M	—
Short	Extended XAG-USD	65.384	0.0032	get 0.0004% / 1h	40m 10s	$5.1M	$11.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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

Position, each leg$Hold fordaysFee Variational OmnibpFee ExtendedbpOrdersPrice spread, now −0.074%Rate

Funding earned: $4.97
Price spread: −0.074% → −0.068%: −$0.63
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$0.66
Costs to cover: 0.050%
Break-even: 7.9 days

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Extended: live order book, 4 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 Variational Omni RFQ quote, 4 min ago	2.58 bp	doesn't fit	2.6 bp −$26	doesn't fit	doesn't fit
Sell Extended live order book, 4 min ago	0.08 bp	2.6 bp −$3	3.2 bp −$32	8.5 bp −$847	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
Ondo Perps XAG-USD.P	−0.0032%	1h	65.320	−0.172%	$5.6M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.354	−0.120%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.440	+0.012%	$27.8M	$39.4M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.430	−0.003%	$2K	$2.5M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.470	+0.058%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.440	+0.012%	$1.5M	$281K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.381	−0.079%	$118K	—	250x	as long as short
Variational Omni XAGlong	+0.0008%	4h	65.432	long leg	$5.5M	$9.1M	—
Aster XAGUSDT	+0.0024%	4h	65.438	+0.009%	$2.7M	$928K	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.429	−0.006%	$4.6M	$9.7M	25x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XAG-USDshort	+0.0032%	1h	65.384	−0.074%	$5.1M	$11.6M	10x
MEXC SILVER_USDT	+0.0032%	4h	65.420	−0.019%	$118.6M	$157.2M	1000x	as long as short
Binance XAGUSDT	+0.0033%	4h	65.435	+0.004%	$192.1M	$755.4M	100x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.479%	$11K	$94K	52x	as long as short
Gate XAG_USDT	+0.0036%	4h	65.450	+0.027%	$141.2M	$177.5M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.450	+0.027%	$787K	$2.9M	40x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.410	−0.034%	$157K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.853	+0.643%	—	—	25x	as long as short
Aevo XAG-PERP	+0.0048%	1h	65.423	−0.014%	$47K	—	10x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.405	−0.042%	$3.8M	$856K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.377	−0.084%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0052%	8h	65.420	−0.019%	$29K	$1K	5x	as long as short
tradeXYZ xyz:SILVER	+0.0053%	1h	65.395	−0.057%	$170.0M	$81.9M	25x	as long as short
edgeX XAGUSDC	+0.0054%	4h	65.373	−0.090%	$665K	$312K	30x	as long as short
Phoenix SILVER	+0.0061%	1h	65.292	−0.214%	$56K	$31K	25x	as long as short
Hotstuff SILVER-PERP	+0.0064%	1h	65.405	−0.042%	$35K	$21K	20x	as long as short
Kalshi KXSILVERPERP	+0.0079%	24h	65.404	−0.043%	$481K	$31.8M	8.1x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	65.360	−0.110%	$1.6M	$1.3M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.381	−0.078%	$469K	$612K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.400	−0.049%	$25.4M	$5.0M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.310	−0.187%	$112K	$19K	50x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.445	+0.020%	$1.2M	$4.9M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0132%	4h	65.361	−0.108%	$384K	$1.6M	25x	as long as short
BloFin XAG-USDT	+0.0133%	4h	65.440	+0.012%	$2.7M	$576K	100x	as long as short
Bitget XAGUSDT	+0.0160%	4h	65.430	−0.003%	$23.3M	$45.0M	100x	as long as short
Nado XAG-PERP	+0.0164%	1h	65.397	−0.054%	$1.2M	$4.8M	10x	as long as short
Lighter XAG	+0.0168%	1h	65.436	+0.007%	$5.3M	$11.1M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0170%	8h	65.440	+0.012%	$28.1M	$70.3M	50x	as long as short
Hibachi XAG/USDT-P	+0.0176%	1h	65.360	−0.110%	$20K	$17K	10x	as long as short
Aftermath Perps XAGUSD	+0.0193%	1h	65.344	−0.135%	$79K	$37K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.420	−0.019%	$65K	$389K	20x	as long as short
Bullet SILVER-USD	+0.0230%	1h	65.454	+0.033%	$45K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.445	+0.019%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0363%	1h	65.406	−0.040%	$1.0M	$868K	25x	as long as short