Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0112%/8h= +12.2% APRpaid last 24h +0.003%

Price spread now: BloFin against ApeX Omni+0.091%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$510.514% of the position

Long on ApeX Omni Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.358%−$36 on $10k

Price spread, last 4 days (all we have)+0.045%+$4 · spread now +0.091%, 7d avg +0.025%

Together, before fees−0.313%−$31 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 BloFin is 0.066% dearer against ApeX Omni than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.025%. Mind the row above: over the last 7 days funding on this pair cost −0.358%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni XAGUSDT	66.060	0.0100	pay 0.0013% / 1h	11m 13s	$113K	$30K	50x
Short	BloFin XAG-USDT	66.120	0.0212	get 0.0106% / 4h	11m 13s	$2.6M	$554K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.091%Rate

Funding earned: $23.48
Price spread: +0.091% → +0.025%: $6.59
Slippage, 4 orders: −$29.41
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$21.33
Costs to cover: 0.514%
Break-even: 13.4 days

Slippage from ApeX Omni: live order book, 44 min ago; BloFin: live order book, 2 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, 44 min ago	9.08 bp	21.6 bp −$22	78.8 bp −$788	doesn't fit	doesn't fit
Sell BloFin live order book, 2 min ago	0.76 bp	6.8 bp −$7	6.8 bp −$68	8.4 bp −$844	15.4 bp −$7,686

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	66.018	−0.064%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.080	+0.030%	$150.1M	$163.7M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.090	+0.045%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.120	+0.091%	$1.0M	$968K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.120	+0.091%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.001	−0.089%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.046	−0.022%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.000	−0.091%	$5.2M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.515%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.060	0.000%	$795K	$3.1M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAG-USD.P	+0.0042%	1h	65.950	−0.167%	$5.7M	$9.6M	25x	as long as short
Vest SI-PERP	+0.0046%	1h	66.491	+0.652%	—	—	25x	as long as short
Hotstuff SILVER-PERP	+0.0048%	1h	66.027	−0.050%	$35K	$21K	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.035	−0.038%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.004	−0.085%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.060	0.000%	$115K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0060%	1h	66.025	−0.053%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0071%	24h	66.038	−0.033%	$547K	$25.4M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	66.005	−0.083%	$470K	$615K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.030	−0.045%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDTlong	+0.0100%	1h	66.060	long leg	$113K	$30K	50x
tradeXYZ xyz:SILVER	+0.0125%	1h	66.033	−0.041%	$165.8M	$74.3M	25x	as long as short
RISEx XAG/USDC	+0.0137%	1h	66.061	+0.001%	$1.3M	$4.5M	20x	as long as short
Paradex XAG-USD-PERP	+0.0140%	8h	66.056	−0.005%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0143%	4h	66.071	+0.016%	$2.7M	$868K	100x	as long as short
Bybit XAGUSDT	+0.0168%	4h	66.100	+0.061%	$27.1M	$36.1M	150x	as long as short
Lighter XAG	+0.0184%	1h	66.051	−0.014%	$5.2M	$10.7M	25x	as long as short
Aevo XAG-PERP	+0.0192%	1h	66.072	+0.018%	$47K	—	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.020	−0.061%	$1.8M	$1.0M	20x	as long as short
Variational Omni XAG	+0.0203%	4h	66.163	+0.157%	$5.6M	$9.5M	—	as long as short
MEXC SILVER_USDT	+0.0210%	4h	66.070	+0.015%	$110.7M	$153.0M	1000x	as long as short
BloFin XAG-USDTshort	+0.0212%	4h	66.120	+0.091%	$2.6M	$554K	100x
Binance XAGUSDT	+0.0212%	4h	66.076	+0.024%	$192.6M	$700.2M	100x	as long as short
Nado XAG-PERP	+0.0212%	1h	66.014	−0.069%	$1.4M	$6.5M	10x	as long as short
edgeX XAGUSDC	+0.0222%	4h	66.092	+0.049%	$671K	$313K	30x	as long as short
Aftermath Perps XAGUSD	+0.0222%	1h	66.046	−0.022%	$80K	$36K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0234%	8h	66.080	+0.030%	$27.7M	$65.0M	50x	as long as short
Bitget XAGUSDT	+0.0256%	4h	66.070	+0.015%	$23.8M	$45.4M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0274%	4h	66.094	+0.052%	$389K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0288%	1h	66.077	+0.026%	$44K	$76K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0356%	1h	66.050	−0.015%	$69K	$355K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0383% / S −0.0424%	1h	66.075	+0.023%	$103K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0384%	1h	66.050	−0.015%	$20K	$19K	10x	as long as short
Kraken Futures PF_XAGUSD	+0.0485%	1h	66.044	−0.024%	$912K	$683K	25x	as long as short