Settings8H · net · $10k
Funding arb · Price arb /

XAG

RWAall XAG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0037%/8h= +4.0% APRnext payment +$0.05 per $10,000 · paid last 24h −0.001%
Price spread now: RISEx against ApeX Omni+0.174%54s7-day average +0.021% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$460.463% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.038%−$4 on $10k
Price spread, last 4 days (all we have)−0.144%−$14 · spread now +0.174%, 7d avg +0.021%
Together, before fees−0.181%−$18 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and RISEx is 0.153% dearer against ApeX Omni than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.021%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni XAGUSDT66.0500.0100pay 0.0013% / 1h32m 37s$113K$30K50x
ShortRISEx XAG/USDC66.1650.0137get 0.0017% / 1h32m 37s$1.3M$4.5M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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

Funding earned
$7.75
Price spread: +0.174% → +0.021%
$15.33
Slippage, 4 orders
−$30.31
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$23.23
Costs to cover
0.463%
Break-even
28.0 days
Slippage from ApeX Omni: live order book, 23 min ago; RISEx: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 23 min ago9.08 bp21.6 bp −$2278.8 bp −$788doesn't fitdoesn't fit
Sell RISEx live order book, 1 min ago1.21 bp4.2 bp −$44.9 bp −$49doesn't fitdoesn't fit

XAG on 44 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX XAG-USD0.0000%1h66.081+0.048%$15K5xas long as short
Gate XAG_USDT0.0000%4h66.190+0.212%$150.2M$163.2M100xas long as short
SunX XAG-USDT0.0000%4h66.160+0.167%$2K$2.7M20xas long as short
HTX XAG-USDT0.0000%4h66.160+0.167%$1.0M$971K75xas long as short
Phemex XAGUSDT0.0000%4h66.150+0.151%$1.5M$317K100xas long as short
gTrade (Gains Network) XAG/USDL +0.0004% / S −0.0006%1h66.074+0.037%$121K250xas long as short
Lighter RH XAG+0.0032%1h66.154+0.157%$4.8M$9.4M25xas long as short
Extended XAG-USD+0.0032%1h66.097+0.072%$5.2M$11.7M10xas long as short
Injective XAG/USDC PERP+0.0033%1h66.400+0.530%$11K$94K52xas long as short
StandX XAG-USD+0.0040%1h66.120+0.106%$795K$3.0M40xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest SI-PERP+0.0046%1h66.573+0.792%25xas long as short
Hotstuff SILVER-PERP+0.0048%1h66.114+0.097%$35K$21K20xas long as short
Polymarket Perps SILVER-USD+0.0050%1h66.115+0.098%$3.9M$672K20xas long as short
SoDEX SILVER-USD+0.0050%1h66.068+0.027%$3K$6K20xas long as short
Ondo Perps XAG-USD.P+0.0050%1h66.060+0.015%$5.7M$9.6M25xas long as short
QFEX SILVER-USD+0.0054%1h66.140+0.136%$115K$2.7M20xas long as short
Phoenix SILVER+0.0060%1h66.080+0.045%$56K$26K25xas long as short
Kalshi KXSILVERPERP+0.0069%24h66.118+0.103%$521K$25.5M8.1xas long as short
Pacifica XAG+0.0100%1h66.118+0.103%$470K$619K10xas long as short
KuCoin XAGUSDTM+0.0100%4h66.120+0.106%$24.5M$4.5M75xas long as short
ApeX Omni XAGUSDTlong+0.0100%1h66.050long leg$113K$30K50x
tradeXYZ xyz:SILVER+0.0134%1h66.116+0.100%$165.5M$74.0M25xas long as short
RISEx XAG/USDCshort+0.0137%1h66.165+0.174%$1.3M$4.5M20x
Aster XAGUSDT+0.0146%4h66.146+0.145%$2.7M$876K100xas long as short
Paradex XAG-USD-PERP+0.0152%8h66.157+0.162%$30K$1K5xas long as short
Bybit XAGUSDT+0.0165%4h66.200+0.227%$27.0M$36.1M150xas long as short
Nado XAG-PERP+0.0196%1h66.092+0.063%$1.3M$6.5M10xas long as short
Lighter XAG+0.0200%1h66.163+0.171%$5.2M$10.5M25xas long as short
Aevo XAG-PERP+0.0200%1h66.140+0.136%$47K10xas long as short
Coinbase International SILVER-PERP-INTX+0.0200%1h66.130+0.121%$1.8M$999K20xas long as short
BloFin XAG-USDT+0.0205%4h66.160+0.167%$2.6M$554K100xas long as short
Variational Omni XAG+0.0210%4h66.123+0.111%$5.6M$9.7Mas long as short
MEXC SILVER_USDT+0.0216%4h66.170+0.182%$109.3M$152.5M1000xas long as short
Binance XAGUSDT+0.0217%4h66.168+0.178%$192.9M$700.8M100xas long as short
Aftermath Perps XAGUSD+0.0229%1h66.095+0.067%$80K$37K10xas long as short
OKX XAG-USDT-SWAP+0.0232%8h66.180+0.197%$27.8M$65.5M50xas long as short
edgeX XAGUSDC+0.0235%4h66.098+0.073%$671K$312K30xas long as short
Bitget XAGUSDT+0.0260%4h66.170+0.182%$23.8M$45.5M100xas long as short
GRVT XAG_USDT_Perp+0.0282%4h66.121+0.107%$389K$1.5M25xas long as short
Bullet SILVER-USD+0.0309%1h66.163+0.172%$44K$76K10xas long as short
Deribit SILVER_USDC-PERPETUAL+0.0355%1h66.120+0.106%$62K$348K20xas long as short
Hibachi XAG/USDT-P+0.0376%1h66.060+0.015%$20K$19K10xas long as short
GMX SILVER/USD [ETH-USDC]L +0.0376% / S −0.0411%1h66.155+0.159%$103K111xas long as short
Kraken Futures PF_XAGUSD+0.0485%1h66.114+0.097%$912K$676K25xas long as short