Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h +0.002%

Price spread now: Binance against ApeX Omni+0.055%7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$500.500% of the position

Long on ApeX Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.150%−$15 on $10k

Price spread, last 2 days (all we have)−0.049%−$5 · spread now +0.055%, 7d avg +0.036%

Together, before fees−0.198%−$20 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni XAGUSDT	66.470	0.0100	pay 0.0013% / 1h	21m 29s	$126K	$24K	50x
Short	Binance XAGUSDT	66.506	0.0102	get 0.0051% / 4h	3h 21m	$192.5M	$722.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against ApeX 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 ApeX OmnibpFee BinancebpOrdersPrice spread, now +0.055%Rate

Funding earned: $0.39
Price spread: +0.055% → +0.036%: $1.86
Slippage, 4 orders: −$29.97
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$47.71
Costs to cover: 0.500%
Break-even: 853.0 days

Slippage from ApeX Omni: live order book, 49 min ago; Binance: live order book, 7 min ago.

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 ApeX Omni live order book, 49 min ago	7.51 bp	17.8 bp −$18	54.6 bp −$546	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	0.75 bp	5.8 bp −$6	5.8 bp −$58	9.1 bp −$911	18.9 bp −$9,439

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	66.422	−0.072%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.500	+0.045%	$25.6M	$35.7M	150x	as long as short
Hotstuff SILVER-PERP	0.0000%	1h	66.448	−0.033%	$35K	$21K	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.510	+0.060%	$154.9M	$168.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.490	+0.030%	$2K	$3.0M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.510	+0.060%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.530	+0.090%	$1.5M	$252K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.419	−0.076%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.464	−0.009%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.424	−0.070%	$5.4M	$12.4M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.105%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.500	+0.045%	$800K	$2.7M	40x	as long as short
BloFin XAG-USDT	+0.0045%	4h	66.540	+0.105%	$2.6M	$709K	100x	as long as short
Vest SI-PERP	+0.0046%	1h	66.932	+0.695%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.473	+0.005%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.474	+0.006%	$3.9M	$700K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.410	−0.090%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.390	−0.120%	$5.7M	$9.6M	25x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.500	+0.045%	$115K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0055%	1h	66.447	−0.035%	$165.3M	$84.8M	25x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.459	−0.017%	$562K	$21.5M	8.1x	as long as short
Aster XAGUSDT	+0.0084%	4h	66.484	+0.021%	$2.8M	$1.1M	100x	as long as short
Variational Omni XAG	+0.0089%	4h	66.514	+0.066%	$5.6M	$9.9M	—	as long as short
Paradex XAG-USD-PERP	+0.0099%	8h	66.470	0.000%	$30K	$1K	5x	as long as short
Pacifica XAG	+0.0100%	1h	66.435	−0.053%	$474K	$623K	10x	as long as short
MEXC SILVER_USDT	+0.0100%	4h	66.490	+0.030%	$108.5M	$160.4M	1000x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.450	−0.030%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDTlong	+0.0100%	1h	66.470	long leg	$126K	$24K	50x
Binance XAGUSDTshort	+0.0102%	4h	66.506	+0.055%	$192.5M	$722.0M	100x
Aevo XAG-PERP	+0.0104%	1h	66.473	+0.004%	$48K	—	10x	as long as short
Lighter XAG	+0.0120%	1h	66.481	+0.017%	$5.4M	$10.5M	25x	as long as short
edgeX XAGUSDC	+0.0121%	4h	66.462	−0.012%	$674K	$314K	30x	as long as short
GRVT XAG_USDT_Perp	+0.0138%	4h	66.523	+0.079%	$391K	$1.5M	25x	as long as short
RISEx XAG/USDC	+0.0148%	1h	66.505	+0.052%	$1.2M	$4.2M	20x	as long as short
Nado XAG-PERP	+0.0172%	1h	66.454	−0.024%	$1.3M	$6.5M	10x	as long as short
Bitget XAGUSDT	+0.0174%	4h	66.510	+0.060%	$24.5M	$47.9M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.440	−0.045%	$1.9M	$930K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0190%	8h	66.510	+0.060%	$27.9M	$67.3M	50x	as long as short
Aftermath Perps XAGUSD	+0.0198%	1h	66.489	+0.029%	$80K	$39K	10x	as long as short
Bullet SILVER-USD	+0.0228%	1h	66.505	+0.053%	$45K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0232%	1h	66.451	−0.028%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.495	+0.038%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0352%	1h	66.460	−0.015%	$50K	$336K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0489%	1h	66.464	−0.009%	$764K	$565K	25x	as long as short