Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0111%/8h= +12.2% APRpaid last 24h +0.020%

Price spread now: OKX against Variational Omni+0.062%7-day average 0.000% · you sell dearer than you buy

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

Long on Variational Omni Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.022%+$2 on $10k

Price spread, last 7 days−0.056%−$6 · spread now +0.062%, 7d avg 0.000%

Together, before fees−0.034%+ Points / potential airdropVariational Omni: Active · farm board−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and OKX is 0.061% dearer against Variational Omni than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XAG	65.650	0.0104	pay 0.0052% / 4h	2h 01m	$5.7M	$9.2M	—
Short	OKX XAG-USDT-SWAP	65.690	0.0215	get 0.0215% / 8h	6h 01m	$28.0M	$85.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.062%Rate

Funding earned: $23.36
Price spread: +0.062% → 0.000%: $6.11
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: $19.47
Costs to cover: 0.100%
Break-even: 1.2 days

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; OKX: live order book, 6 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, 1 min ago	2.57 bp	doesn't fit	2.6 bp −$26	doesn't fit	doesn't fit
Sell OKX live order book, 6 min ago	0.76 bp	7.3 bp −$7	8.1 bp −$81	14.2 bp −$1,415	doesn't fit

XAG on 44 exchanges

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	−0.7240%	1h	65.679	+0.045%	$36K	$23K	20x	as long as short
Injective XAG/USDC PERP	−0.0220%	1h	64.602	−1.596%	$11K	$240	52x	as long as short
Ondo Perps XAG-USD.P	−0.0006%	1h	65.500	−0.228%	$5.7M	$10.8M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.517	−0.202%	$13K	$8K	5x	as long as short
Gate XAG_USDT	0.0000%	4h	65.710	+0.092%	$139.1M	$204.7M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.690	+0.062%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.700	+0.077%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.680	+0.046%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.621	−0.044%	$119K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.673	+0.036%	$4.5M	$9.8M	25x	as long as short

Show all 44 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XAG-USD	+0.0032%	1h	65.606	−0.067%	$5.1M	$11.8M	10x	as long as short
StandX XAG-USD	+0.0040%	1h	65.580	−0.106%	$789K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.076	+0.650%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.630	−0.030%	$3.8M	$894K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.617	−0.050%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0058%	8h	65.603	−0.070%	$29K	$166	5x	as long as short
QFEX SILVER-USD	+0.0062%	1h	65.650	+0.001%	$447K	$1.4M	20x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0088%	1h	65.690	+0.062%	$1.6M	$1.9M	20x	as long as short
Kalshi KXSILVERPERP	+0.0098%	24h	65.670	+0.031%	$709K	$38.6M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	65.563	−0.131%	$467K	$572K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.650	+0.001%	$25.4M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.620	−0.045%	$112K	$19K	50x	as long as short
Variational Omni XAGlong	+0.0104%	4h	65.650	long leg	$5.7M	$9.2M	—
Phoenix SILVER	+0.0110%	1h	65.567	−0.126%	$55K	$13K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0118%	1h	65.655	+0.008%	$174.7M	$93.9M	25x	as long as short
Binance XAGUSDT	+0.0125%	4h	65.675	+0.039%	$193.5M	$859.8M	100x	as long as short
MEXC SILVER_USDT	+0.0126%	4h	65.680	+0.046%	$120.7M	$169.4M	1000x	as long as short
Aevo XAG-PERP	+0.0128%	1h	65.660	+0.016%	$47K	—	10x	as long as short
Aster XAGUSDT	+0.0130%	4h	65.680	+0.046%	$2.7M	$1.1M	100x	as long as short
edgeX XAGUSDC	+0.0138%	4h	65.677	+0.042%	$669K	$314K	30x	as long as short
Nado XAG-PERP	+0.0171%	1h	65.598	−0.078%	$1.2M	$3.7M	10x	as long as short
GRVT XAG_USDT_Perp	+0.0172%	4h	65.737	+0.133%	$397K	$1.5M	25x	as long as short
Bybit XAGUSDT	+0.0177%	4h	65.700	+0.077%	$30.4M	$47.9M	150x	as long as short
Lighter XAG	+0.0192%	1h	65.679	+0.044%	$5.1M	$12.0M	25x	as long as short
RISEx XAG/USDC	+0.0206%	1h	65.673	+0.036%	$1.2M	$4.9M	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0207%	1h	65.660	+0.016%	$77K	$411K	20x	as long as short
OKX XAG-USDT-SWAPshort	+0.0215%	8h	65.690	+0.062%	$28.0M	$85.5M	50x
Aftermath Perps XAGUSD	+0.0225%	1h	65.552	−0.149%	$79K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0250%	4h	65.700	+0.077%	$23.2M	$52.5M	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0267% / S −0.0234%	1h	65.685	+0.054%	$93K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0272%	1h	65.540	−0.166%	$21K	$12K	10x	as long as short
Bullet SILVER-USD	+0.0273%	1h	65.665	+0.023%	$44K	$74K	10x	as long as short
BloFin XAG-USDT	+0.0365%	4h	65.700	+0.077%	$2.7M	$771K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0772%	1h	65.642	−0.011%	$1.0M	$943K	25x	as long as short