Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against ApeX Omni−0.106%7-day average −0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$620.625% of the position

Long on ApeX Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.081%−$8 on $10k

Price spread, last 4 days (all we have)−0.030%−$3 · spread now −0.106%, 7d avg −0.048%

Together, before fees−0.110%−$11 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.058% cheaper against ApeX Omni than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni XAGUSDT	66.350	0.0100	pay 0.0013% / 1h	13m 13s	$126K	$23K	50x
Short	KuCoin XAGUSDTM	66.280	0.0100	get 0.0050% / 4h	2h 13m	$24.5M	$4.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.106%Rate

Funding earned: $0
Price spread: −0.106% → −0.048%: −$5.78
Slippage, 4 orders: −$40.5
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$68.28
Costs to cover: 0.625%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 52 min ago; KuCoin: live order book, 6 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, 52 min ago	9.02 bp	20.7 bp −$21	59.7 bp −$597	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	1.51 bp	8.7 bp −$9	16.0 bp −$160	doesn't fit	doesn't fit

XAG on 43 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	66.296	−0.081%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.320	−0.045%	$153.1M	$164.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.330	−0.030%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.350	0.000%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.370	+0.030%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.249	−0.153%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.304	−0.069%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.248	−0.153%	$5.4M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.075%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.410	+0.090%	$799K	$2.9M	40x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SI-PERP	+0.0046%	1h	66.762	+0.621%	—	—	25x	as long as short
Ondo Perps XAG-USD.P	+0.0047%	1h	66.220	−0.196%	$5.7M	$9.6M	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.297	−0.080%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.286	−0.096%	$3.9M	$669K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.247	−0.155%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.310	−0.060%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0062%	24h	66.304	−0.069%	$610K	$24.1M	8.1x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.330	−0.030%	$1.2M	$4.4M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0099%	1h	66.278	−0.109%	$165.8M	$76.2M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.296	−0.081%	$472K	$606K	10x	as long as short
KuCoin XAGUSDTMshort	+0.0100%	4h	66.280	−0.106%	$24.5M	$4.5M	75x
ApeX Omni XAGUSDTlong	+0.0100%	1h	66.350	long leg	$126K	$23K	50x
Hotstuff SILVER-PERP	+0.0112%	1h	66.316	−0.051%	$35K	$21K	20x	as long as short
Bybit XAGUSDT	+0.0131%	4h	66.350	0.000%	$26.6M	$36.4M	150x	as long as short
Aster XAGUSDT	+0.0132%	4h	66.306	−0.066%	$2.7M	$942K	100x	as long as short
Paradex XAG-USD-PERP	+0.0137%	8h	66.338	−0.019%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0166%	4h	66.373	+0.034%	$5.5M	$9.8M	—	as long as short
Aevo XAG-PERP	+0.0168%	1h	66.307	−0.065%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0180%	4h	66.320	−0.045%	$102.7M	$158.6M	1000x	as long as short
Binance XAGUSDT	+0.0181%	4h	66.335	−0.023%	$192.1M	$706.8M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.410	+0.090%	$1.9M	$971K	20x	as long as short
Lighter XAG	+0.0192%	1h	66.315	−0.052%	$5.3M	$10.6M	25x	as long as short
edgeX XAGUSDC	+0.0197%	4h	66.404	+0.082%	$674K	$315K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0212%	8h	66.350	0.000%	$28.0M	$65.7M	50x	as long as short
Hibachi XAG/USDT-P	+0.0224%	1h	66.320	−0.045%	$20K	$22K	10x	as long as short
Nado XAG-PERP	+0.0225%	1h	66.306	−0.066%	$1.3M	$6.5M	10x	as long as short
Aftermath Perps XAGUSD	+0.0237%	1h	66.322	−0.042%	$80K	$38K	10x	as long as short
Bitget XAGUSDT	+0.0248%	4h	66.330	−0.030%	$23.9M	$46.1M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0266%	4h	66.378	+0.042%	$395K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0287%	1h	66.329	−0.032%	$46K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.325	−0.038%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0354%	1h	66.310	−0.060%	$50K	$325K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0463%	1h	66.275	−0.113%	$764K	$478K	25x	as long as short