Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0092%/8h= +10.0% APRpaid last 24h +0.018%

Price spread now: Variational Omni against Vest−0.260%7-day average — · you buy dearer than you sell

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

Long on Vest Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

Funding pays, the price is against you. Variational Omni is 0.260% cheaper against Vest than usual: you would sell low and buy high (spread −0.260% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$26 on $10k: about 9.4 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest SI-PERP	65.836	0.0046	pay 0.0006% / 1h	28m 10s	—	—	25x
Short	Variational Omni XAG	65.665	0.0137	get 0.0069% / 4h	2h 28m	$5.6M	$9.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Vest. 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 VestbpFee Variational OmnibpOrdersPrice spread, now −0.260%Rate

Funding earned: $19.27
Price spread: −0.260% → 0.000%: −$26
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$8.73
Costs to cover: 0.020%
Break-even: 10.2 days

Slippage unknown: Vest: no order-book sample; Variational Omni: RFQ quote, 1 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 Vest no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 1 min ago	2.57 bp	doesn't fit	2.6 bp −$26	doesn't fit	doesn't fit

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
Ondo Perps XAG-USD.P	−0.0034%	1h	65.250	−0.890%	$5.6M	$9.4M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.334	−0.763%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.350	−0.738%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.500	−0.510%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.400	−0.662%	$1.5M	$266K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.290	−0.829%	$118K	—	250x	as long as short
RISEx XAG/USDC	+0.0030%	1h	65.368	−0.710%	$1.3M	$4.9M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	65.396	−0.669%	$4.7M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.295	−0.822%	$5.1M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.857%	$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
Gate XAG_USDT	+0.0036%	4h	65.410	−0.647%	$143.4M	$169.4M	100x	as long as short
Phoenix SILVER	+0.0036%	1h	65.675	−0.245%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	65.710	−0.191%	$790K	$3.0M	40x	as long as short
Vest SI-PERPlong	+0.0046%	1h	65.836	long leg	—	—	25x
Polymarket Perps SILVER-USD	+0.0050%	1h	65.334	−0.763%	$3.9M	$710K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.285	−0.837%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.390	−0.677%	$155K	$2.8M	20x	as long as short
Paradex XAG-USD-PERP	+0.0059%	8h	65.342	−0.750%	$29K	$1K	5x	as long as short
tradeXYZ xyz:SILVER	+0.0060%	1h	65.347	−0.743%	$166.0M	$78.5M	25x	as long as short
Kalshi KXSILVERPERP	+0.0075%	24h	65.359	−0.725%	$530K	$28.0M	8.1x	as long as short
Bybit XAGUSDT	+0.0081%	4h	65.430	−0.617%	$28.3M	$39.0M	150x	as long as short
Aster XAGUSDT	+0.0095%	4h	65.394	−0.672%	$2.7M	$937K	100x	as long as short
Pacifica XAG	+0.0100%	1h	65.325	−0.776%	$465K	$619K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.330	−0.769%	$24.6M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.600	−0.358%	$112K	$30K	50x	as long as short
Lighter XAG	+0.0112%	1h	65.399	−0.664%	$5.3M	$11.1M	25x	as long as short
Aevo XAG-PERP	+0.0136%	1h	65.345	−0.746%	$47K	—	10x	as long as short
Variational Omni XAGshort	+0.0137%	4h	65.665	−0.260%	$5.6M	$9.5M	—
Binance XAGUSDT	+0.0143%	4h	65.381	−0.692%	$190.0M	$727.1M	100x	as long as short
MEXC SILVER_USDT	+0.0148%	4h	65.380	−0.693%	$112.1M	$157.4M	1000x	as long as short
Nado XAG-PERP	+0.0156%	1h	65.331	−0.768%	$1.3M	$5.5M	10x	as long as short
edgeX XAGUSDC	+0.0157%	4h	65.780	−0.084%	$669K	$313K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.430	−0.617%	$1.7M	$1.3M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0202%	4h	65.740	−0.146%	$388K	$1.5M	25x	as long as short
Bitget XAGUSDT	+0.0208%	4h	65.400	−0.662%	$23.4M	$47.8M	100x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.330	−0.769%	$66K	$373K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0217%	8h	65.400	−0.662%	$27.4M	$69.2M	50x	as long as short
Aftermath Perps XAGUSD	+0.0218%	1h	65.675	−0.244%	$79K	$37K	10x	as long as short
Bullet SILVER-USD	+0.0226%	1h	65.359	−0.725%	$43K	$76K	10x	as long as short
BloFin XAG-USDT	+0.0292%	4h	65.480	−0.541%	$2.6M	$611K	100x	as long as short
Hotstuff SILVER-PERP	+0.0320%	1h	65.497	−0.515%	$35K	$21K	20x	as long as short
Hibachi XAG/USDT-P	+0.0352%	1h	65.534	−0.459%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0355% / S −0.0317%	1h	65.355	−0.731%	$86K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0472%	1h	65.310	−0.799%	$913K	$750K	25x	as long as short