XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0108%/8h= +11.8% APRnext payment +$0.13 per $10,000 · paid last 24h +0.051%

Price spread now: Deribit against ApeX Omni−0.061%7-day average +0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$540.544% of the position

Long on ApeX Omni Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.035%+$4 on $10k

Price spread, last 4 days (all we have)+0.126%+$13 · spread now −0.061%, 7d avg +0.008%

Together, before fees+0.161%+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.069% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.061% now, against its 7-day average of +0.008%). If the spread goes back, that is −$7 on $10k: about 2.1 days of funding at the current rate (+$3 a day). At the pace of the last 4 days (+0.035% in total) that is about 8.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni XAGUSDT	65.610	0.0100	pay 0.0013% / 1h	54m 53s	$112K	$19K	50x
Short	Deribit SILVER_USDC-PERPETUAL	65.570	0.0208	get 0.0026% / 1h	54m 53s	$77K	$409K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.061%Rate

Funding earned: $22.63
Price spread: −0.061% → +0.008%: −$6.94
Slippage, 4 orders: −$37.44
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$38.75
Costs to cover: 0.544%
Break-even: 19.0 days

Slippage from ApeX Omni: live order book, 49 min ago; Deribit: live order book, 52 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	7.63 bp	22.1 bp −$22	66.4 bp −$664	doesn't fit	doesn't fit
Sell Deribit live order book, 52 min ago	0.76 bp	8.8 bp −$9	10.1 bp −$101	doesn't fit	doesn't fit

XAG on 44 exchanges

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
Hotstuff SILVER-PERP	−0.0104%	1h	65.591	−0.029%	$39K	$26K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	65.521	−0.135%	$13K	$8K	5x	as long as short
RISEx XAG/USDC	0.0000%	1h	65.589	−0.033%	$1.3M	$5.4M	20x	as long as short
Gate XAG_USDT	0.0000%	4h	65.620	+0.015%	$136.6M	$198.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.590	−0.030%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.630	+0.030%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.610	0.000%	$1.5M	$257K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.526	−0.128%	$118K	—	250x	as long as short
Ondo Perps XAG-USD.P	+0.0004%	1h	65.490	−0.183%	$5.7M	$11.1M	25x	as long as short
Lighter RH XAG	+0.0032%	1h	65.593	−0.026%	$4.6M	$9.5M	25x	as long as short

Show all 44 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XAG-USD	+0.0032%	1h	65.537	−0.112%	$5.1M	$12.0M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	64.602	−1.536%	$11K	$240	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.610	0.000%	$789K	$3.0M	40x	as long as short
Bybit XAGUSDT	+0.0041%	4h	65.620	+0.015%	$30.5M	$48.1M	150x	as long as short
QFEX SILVER-USD	+0.0042%	1h	65.570	−0.061%	$446K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	66.026	+0.634%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.560	−0.076%	$3.8M	$905K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.526	−0.128%	$3K	$6K	20x	as long as short
Variational Omni XAG	+0.0052%	4h	65.578	−0.049%	$5.6M	$9.0M	—	as long as short
Paradex XAG-USD-PERP	+0.0052%	8h	65.571	−0.060%	$29K	—	5x	as long as short
Aster XAGUSDT	+0.0074%	4h	65.590	−0.030%	$2.7M	$1.2M	100x	as long as short
Binance XAGUSDT	+0.0076%	4h	65.609	−0.002%	$190.4M	$863.4M	100x	as long as short
MEXC SILVER_USDT	+0.0076%	4h	65.600	−0.015%	$114.4M	$162.8M	1000x	as long as short
edgeX XAGUSDC	+0.0087%	4h	65.624	+0.022%	$669K	$313K	30x	as long as short
Aevo XAG-PERP	+0.0088%	1h	65.576	−0.052%	$47K	—	10x	as long as short
GRVT XAG_USDT_Perp	+0.0096%	4h	65.674	+0.097%	$389K	$1.6M	25x	as long as short
Pacifica XAG	+0.0100%	1h	65.532	−0.119%	$462K	$520K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.570	−0.061%	$25.3M	$4.3M	75x	as long as short
ApeX Omni XAGUSDTlong	+0.0100%	1h	65.610	long leg	$112K	$19K	50x
tradeXYZ xyz:SILVER	+0.0102%	1h	65.574	−0.055%	$175.6M	$86.7M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	65.710	+0.152%	$1.6M	$1.9M	20x	as long as short
Kalshi KXSILVERPERP	+0.0107%	24h	65.584	−0.040%	$792K	$38.8M	8.1x	as long as short
Phoenix SILVER	+0.0122%	1h	65.584	−0.040%	$55K	$15K	25x	as long as short
Lighter XAG	+0.0128%	1h	65.587	−0.035%	$5.3M	$11.8M	25x	as long as short
Nado XAG-PERP	+0.0141%	1h	65.560	−0.076%	$1.2M	$3.4M	10x	as long as short
OKX XAG-USDT-SWAP	+0.0178%	8h	65.620	+0.015%	$27.9M	$85.8M	50x	as long as short
Deribit SILVER_USDC-PERPETUALshort	+0.0208%	1h	65.570	−0.061%	$77K	$409K	20x
Bitget XAGUSDT	+0.0214%	4h	65.620	+0.015%	$23.1M	$52.8M	100x	as long as short
Bullet SILVER-USD	+0.0217%	1h	65.594	−0.025%	$45K	$73K	10x	as long as short
Hibachi XAG/USDT-P	+0.0224%	1h	65.595	−0.023%	$21K	$12K	10x	as long as short
Aftermath Perps XAGUSD	+0.0226%	1h	65.623	+0.020%	$79K	$37K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0281% / S −0.0253%	1h	65.595	−0.023%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0309%	4h	65.610	0.000%	$2.7M	$784K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0540%	1h	65.567	−0.066%	$1.0M	$943K	25x	as long as short