Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0031%/8h= +3.4% APRpaid last 24h −0.015%

Price spread now: Vest against Variational Omni+0.550%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Vest

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · Vest: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Vest is 0.550% dearer against Variational Omni than usual: you sell high and buy low: +$55 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XAG	64.904	0.0015	pay 0.0007% / 4h	3h 33m	$5.3M	$9.1M	—
Short	Vest SI-PERP	65.261	0.0046	get 0.0006% / 1h	33m 18s	—	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now +0.550%Rate

Funding earned: $6.47
Price spread: +0.550% → 0.000%: $54.96
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Vest: 1 bp × 2 orders: −$2
Net: $59.43
Costs to cover: 0.020%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Vest: no order-book sample. 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	2.59 bp	doesn't fit	3.4 bp −$34	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	64.799	−0.163%	$12K	$6K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	64.860	−0.068%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	64.890	−0.022%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	64.870	−0.053%	$1.4M	$317K	100x	as long as short
Gate XAG_USDT	+0.0002%	4h	64.850	−0.084%	$138.5M	$183.5M	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	64.866	−0.059%	$117K	—	250x	as long as short
Variational Omni XAGlong	+0.0015%	4h	64.904	long leg	$5.3M	$9.1M	—
Lighter RH XAG	+0.0032%	1h	64.830	−0.115%	$4.6M	$9.8M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	64.774	−0.201%	$5.0M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+2.304%	$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-USD	+0.0040%	1h	64.920	+0.024%	$781K	$3.0M	40x	as long as short
Vest SI-PERPshort	+0.0046%	1h	65.261	+0.550%	—	—	25x
QFEX SILVER-USD	+0.0047%	1h	64.840	−0.099%	$446K	$1.5M	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	64.769	−0.208%	$3.8M	$890K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	64.782	−0.188%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	64.740	−0.253%	$5.6M	$9.9M	25x	as long as short
MEXC SILVER_USDT	+0.0054%	4h	64.830	−0.114%	$120.3M	$158.3M	1000x	as long as short
Binance XAGUSDT	+0.0056%	4h	64.847	−0.089%	$196.8M	$776.8M	100x	as long as short
Paradex XAG-USD-PERP	+0.0061%	8h	64.796	−0.167%	$29K	$166	5x	as long as short
edgeX XAGUSDC	+0.0061%	4h	64.915	+0.017%	$661K	$314K	30x	as long as short
Aster XAGUSDT	+0.0071%	4h	64.858	−0.071%	$2.6M	$996K	100x	as long as short
Aevo XAG-PERP	+0.0072%	1h	64.837	−0.104%	$47K	—	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0080%	1h	64.790	−0.176%	$1.6M	$1.4M	20x	as long as short
Kalshi KXSILVERPERP	+0.0085%	24h	64.815	−0.138%	$484K	$34.5M	8.1x	as long as short
Hotstuff SILVER-PERP	+0.0088%	1h	64.805	−0.153%	$34K	$21K	20x	as long as short
Pacifica XAG	+0.0100%	1h	64.781	−0.190%	$462K	$592K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	64.800	−0.161%	$25.1M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	64.870	−0.053%	$111K	$19K	50x	as long as short
Phoenix SILVER	+0.0111%	1h	64.908	+0.006%	$55K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0135%	1h	64.805	−0.153%	$173.5M	$87.5M	25x	as long as short
GRVT XAG_USDT_Perp	+0.0152%	4h	64.934	+0.047%	$390K	$1.5M	25x	as long as short
RISEx XAG/USDC	+0.0158%	1h	64.846	−0.089%	$1.2M	$4.9M	20x	as long as short
Nado XAG-PERP	+0.0158%	1h	64.798	−0.164%	$1.2M	$4.2M	10x	as long as short
Bitget XAGUSDT	+0.0192%	4h	64.850	−0.084%	$23.2M	$46.5M	100x	as long as short
Bybit XAGUSDT	+0.0193%	4h	64.870	−0.053%	$29.3M	$42.5M	150x	as long as short
OKX XAG-USDT-SWAP	+0.0194%	8h	64.850	−0.084%	$28.7M	$73.3M	50x	as long as short
Aftermath Perps XAGUSD	+0.0220%	1h	64.869	−0.055%	$78K	$37K	10x	as long as short
BloFin XAG-USDT	+0.0223%	4h	64.850	−0.084%	$2.7M	$653K	100x	as long as short
Lighter XAG	+0.0224%	1h	64.851	−0.081%	$5.2M	$11.0M	25x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0237% / S −0.0196%	1h	64.845	−0.091%	$92K	—	111x	as long as short
Bullet SILVER-USD	+0.0300%	1h	64.842	−0.096%	$45K	$75K	10x	as long as short
Hibachi XAG/USDT-P	+0.0344%	1h	64.870	−0.053%	$20K	$15K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0367%	1h	64.830	−0.114%	$76K	$430K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0420%	1h	64.811	−0.143%	$1.0M	$890K	25x	as long as short