Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0117%/8h= +12.8% APRpaid last 24h +0.016%

Price spread now: OKX against ApeX Omni+0.121%80s7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$470.474% of the position

Long on ApeX Omni Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.136%−$14 on $10k

Price spread, last 4 days (all we have)−0.121%−$12 · spread now +0.121%, 7d avg +0.007%

Together, before fees−0.256%−$26 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and OKX is 0.114% dearer against ApeX Omni than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.007%. Mind the row above: over the last 7 days funding on this pair cost −0.136%, so the current rate has only just turned in your favour. The two prices were read 80 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni XAGUSDT	66.280	0.0100	pay 0.0013% / 1h	24m 09s	$113K	$30K	50x
Short	OKX XAG-USDT-SWAP	66.360	0.0217	get 0.0217% / 8h	5h 24m	$27.8M	$65.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.121%Rate

Funding earned: $24.52
Price spread: +0.121% → +0.007%: $11.41
Slippage, 4 orders: −$27.43
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$11.5
Costs to cover: 0.474%
Break-even: 10.3 days

Slippage from ApeX Omni: live order book, 36 min ago; OKX: live order book, 5 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, 36 min ago	10.56 bp	18.6 bp −$19	53.7 bp −$537	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	0.75 bp	5.8 bp −$6	6.6 bp −$66	12.3 bp −$1,233	69.3 bp −$34.6K

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	66.272	−0.012%	$15K	—	5x	as long as short
Hotstuff SILVER-PERP	0.0000%	1h	66.341	+0.092%	$35K	$21K	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.380	+0.151%	$150.3M	$164.3M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.380	+0.151%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.380	+0.151%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.360	+0.121%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.299	+0.028%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.333	+0.080%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.299	+0.028%	$5.3M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.181%	$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
StandX XAG-USD	+0.0040%	1h	66.310	+0.045%	$798K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.810	+0.800%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.352	+0.109%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.282	+0.003%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.260	−0.030%	$5.7M	$9.8M	25x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.370	+0.136%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0065%	24h	66.335	+0.083%	$536K	$24.6M	8.1x	as long as short
Phoenix SILVER	+0.0084%	1h	66.308	+0.042%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0097%	1h	66.332	+0.078%	$166.1M	$73.4M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.323	+0.065%	$472K	$610K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.310	+0.045%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDTlong	+0.0100%	1h	66.280	long leg	$113K	$30K	50x
Paradex XAG-USD-PERP	+0.0134%	8h	66.366	+0.130%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0136%	4h	66.386	+0.160%	$2.7M	$877K	100x	as long as short
Bybit XAGUSDT	+0.0154%	4h	66.370	+0.136%	$26.9M	$36.1M	150x	as long as short
BloFin XAG-USDT	+0.0175%	4h	66.340	+0.091%	$2.6M	$553K	100x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.356	+0.115%	$48K	—	10x	as long as short
RISEx XAG/USDC	+0.0181%	1h	66.390	+0.166%	$1.3M	$4.5M	20x	as long as short
Variational Omni XAG	+0.0184%	4h	66.321	+0.062%	$5.6M	$9.8M	—	as long as short
Lighter XAG	+0.0192%	1h	66.340	+0.090%	$5.3M	$10.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.350	+0.106%	$1.9M	$995K	20x	as long as short
MEXC SILVER_USDT	+0.0196%	4h	66.360	+0.121%	$105.5M	$153.6M	1000x	as long as short
Binance XAGUSDT	+0.0196%	4h	66.360	+0.121%	$192.2M	$705.3M	100x	as long as short
edgeX XAGUSDC	+0.0204%	4h	66.323	+0.065%	$673K	$313K	30x	as long as short
Nado XAG-PERP	+0.0211%	1h	66.333	+0.081%	$1.3M	$6.6M	10x	as long as short
OKX XAG-USDT-SWAPshort	+0.0217%	8h	66.360	+0.121%	$27.8M	$65.9M	50x
Aftermath Perps XAGUSD	+0.0232%	1h	66.282	+0.004%	$80K	$38K	10x	as long as short
Bitget XAGUSDT	+0.0246%	4h	66.360	+0.121%	$23.8M	$45.8M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0268%	4h	66.347	+0.101%	$402K	$1.5M	25x	as long as short
Hibachi XAG/USDT-P	+0.0272%	1h	66.270	−0.015%	$20K	$19K	10x	as long as short
Bullet SILVER-USD	+0.0279%	1h	66.377	+0.147%	$46K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0351% / S −0.0373%	1h	66.375	+0.143%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0353%	1h	66.340	+0.091%	$50K	$322K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0549%	1h	66.335	+0.083%	$915K	$671K	25x	as long as short