Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0143%/8h= −15.7% APRpaid last 24h −0.020%

Price spread now: StandX against Variational Omni−0.005%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 Variational Omni Short on StandX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.004%$0 on $10k

Price spread, last 7 days+0.008%+$1 · spread now −0.005%, 7d avg −0.007%

Together, before fees+0.004%+ Points / potential airdropVariational Omni: Active · StandX: Active · farm board$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.007%, so right now this pair is about funding alone: −$4 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	66.023	0.0183	pay 0.0092% / 4h	3h 27m	$5.6M	$9.4M	—
Short	StandX XAG-USD	66.020	0.0040	get 0.0005% / 1h	27m 21s	$794K	$3.1M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now −0.005%Rate

Funding earned: −$30.06
Price spread: −0.005% → −0.007%: $0.14
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee StandX: 4 bp × 2 orders: −$8
Net: −$37.92
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; StandX: live order book, 2 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, 2 min ago	2.57 bp	doesn't fit	2.6 bp −$26	doesn't fit	doesn't fit
Sell StandX live order book, 2 min ago	2.27 bp	7.8 bp −$8	9.0 bp −$90	33.2 bp −$3,324	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	−0.0050%	1h	65.900	−0.187%	$5.7M	$9.3M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.934	−0.136%	$14K	—	5x	as long as short
SunX XAG-USDT	0.0000%	4h	66.020	−0.005%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.050	+0.040%	$1.0M	$965K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.020	−0.005%	$1.5M	$320K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.969	−0.083%	$120K	—	250x	as long as short
Gate XAG_USDT	+0.0014%	4h	66.040	+0.025%	$149.8M	$163.8M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	66.012	−0.017%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.968	−0.084%	$5.2M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.570%	$11K	$94K	52x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USDshort	+0.0040%	1h	66.020	−0.005%	$794K	$3.1M	40x
Vest SI-PERP	+0.0046%	1h	66.451	+0.648%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.995	−0.043%	$3.9M	$674K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.955	−0.104%	$3K	$6K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0053%	1h	65.994	−0.045%	$165.9M	$73.8M	25x	as long as short
Paradex XAG-USD-PERP	+0.0057%	8h	66.016	−0.012%	$30K	$1K	5x	as long as short
QFEX SILVER-USD	+0.0060%	1h	66.010	−0.020%	$114K	$2.7M	20x	as long as short
Hotstuff SILVER-PERP	+0.0064%	1h	65.996	−0.042%	$35K	$21K	20x	as long as short
Phoenix SILVER	+0.0073%	1h	65.955	−0.104%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0073%	24h	65.983	−0.061%	$528K	$26.1M	8.1x	as long as short
RISEx XAG/USDC	+0.0080%	1h	66.030	+0.010%	$1.3M	$4.9M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.967	−0.085%	$470K	$608K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.990	−0.051%	$24.4M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.970	−0.081%	$113K	$30K	50x	as long as short
Lighter XAG	+0.0104%	1h	66.019	−0.006%	$5.2M	$10.7M	25x	as long as short
Bybit XAGUSDT	+0.0122%	4h	66.040	+0.025%	$27.7M	$36.6M	150x	as long as short
Aster XAGUSDT	+0.0133%	4h	66.030	+0.010%	$2.7M	$871K	100x	as long as short
BloFin XAG-USDT	+0.0159%	4h	66.040	+0.025%	$2.6M	$562K	100x	as long as short
Nado XAG-PERP	+0.0172%	1h	65.989	−0.052%	$1.4M	$5.8M	10x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.015	−0.013%	$47K	—	10x	as long as short
Variational Omni XAGlong	+0.0183%	4h	66.023	long leg	$5.6M	$9.4M	—
Binance XAGUSDT	+0.0192%	4h	66.027	+0.005%	$190.9M	$702.0M	100x	as long as short
MEXC SILVER_USDT	+0.0192%	4h	66.020	−0.005%	$114.5M	$152.5M	1000x	as long as short
Aftermath Perps XAGUSD	+0.0201%	1h	65.981	−0.065%	$79K	$36K	10x	as long as short
edgeX XAGUSDC	+0.0203%	4h	66.017	−0.009%	$670K	$313K	30x	as long as short
GRVT XAG_USDT_Perp	+0.0204%	4h	66.021	−0.003%	$394K	$1.5M	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0205%	1h	66.000	−0.036%	$75K	$363K	20x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	65.950	−0.111%	$1.8M	$1.0M	20x	as long as short
OKX XAG-USDT-SWAP	+0.0229%	8h	66.030	+0.010%	$27.7M	$64.6M	50x	as long as short
Bullet SILVER-USD	+0.0230%	1h	66.031	+0.011%	$44K	$76K	10x	as long as short
Bitget XAGUSDT	+0.0234%	4h	66.030	+0.010%	$23.9M	$45.2M	100x	as long as short
Hibachi XAG/USDT-P	+0.0296%	1h	65.960	−0.096%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0387% / S −0.0440%	1h	66.025	+0.002%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0624%	1h	65.989	−0.053%	$911K	$683K	25x	as long as short