Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: SunX against ApeX Omni+0.015%47s7-day average +0.030% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on ApeX Omni Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.210%−$21 on $10k

Price spread, last 4 days (all we have)+0.002%$0 · spread now +0.015%, 7d avg +0.030%

Together, before fees−0.208%−$21 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.030%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 47 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	65.070	0.0100	pay 0.0013% / 1h	3m 33s	$111K	$19K	50x
Short	SunX XAG-USDT	65.080	0	get 0.0000% / 4h	3m 33s	$2K	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.015%Rate

Funding earned: −$21
Price spread: +0.015% → +0.030%: −$1.47
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$40.47
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 32 min ago; SunX: live order book, 14 min ago. Net counts fees only.

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, 32 min ago	3.06 bp	23.4 bp −$23	57.2 bp −$572	doesn't fit	doesn't fit
Sell SunX live order book, 14 min ago	501.65 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

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
Ondo Perps XAG-USD.P	−0.0021%	1h	64.970	−0.154%	$5.6M	$9.9M	25x	as long as short
Hotstuff SILVER-PERP	−0.0008%	1h	65.059	−0.017%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	64.997	−0.112%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.120	+0.077%	$27.7M	$39.0M	150x	as long as short
SunX XAG-USDTshort	0.0000%	4h	65.080	+0.015%	$2K	$2.4M	20x
HTX XAG-USDT	0.0000%	4h	65.100	+0.046%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.090	+0.031%	$1.5M	$281K	100x	as long as short
Variational Omni XAG	+0.0003%	4h	65.056	−0.021%	$5.5M	$9.1M	—	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.031	−0.060%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0030%	4h	65.080	+0.015%	$140.2M	$182.1M	100x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XAG	+0.0032%	1h	65.062	−0.012%	$4.6M	$10.0M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.004	−0.102%	$5.0M	$11.8M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+2.044%	$11K	$94K	52x	as long as short
MEXC SILVER_USDT	+0.0036%	4h	65.100	+0.046%	$126.4M	$162.9M	1000x	as long as short
edgeX XAGUSDC	+0.0036%	4h	65.076	+0.009%	$662K	$313K	30x	as long as short
Binance XAGUSDT	+0.0039%	4h	65.104	+0.053%	$191.6M	$756.6M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.080	+0.015%	$783K	$3.0M	40x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.090	+0.031%	$171K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.496	+0.655%	—	—	25x	as long as short
Aster XAGUSDT	+0.0047%	4h	65.070	0.000%	$2.6M	$982K	100x	as long as short
Aevo XAG-PERP	+0.0048%	1h	65.060	−0.015%	$47K	—	10x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.069	−0.002%	$3.8M	$890K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.006	−0.098%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0054%	8h	65.062	−0.012%	$29K	$1K	5x	as long as short
Phoenix SILVER	+0.0061%	1h	65.054	−0.025%	$55K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0075%	1h	65.068	−0.003%	$173.0M	$84.7M	25x	as long as short
Kalshi KXSILVERPERP	+0.0081%	24h	65.038	−0.049%	$489K	$32.2M	8.1x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	65.030	−0.061%	$1.6M	$1.4M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.020	−0.077%	$463K	$598K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.050	−0.031%	$25.2M	$4.7M	75x	as long as short
ApeX Omni XAGUSDTlong	+0.0100%	1h	65.070	long leg	$111K	$19K	50x
RISEx XAG/USDC	+0.0118%	1h	65.104	+0.053%	$1.3M	$4.9M	20x	as long as short
BloFin XAG-USDT	+0.0141%	4h	65.090	+0.031%	$2.7M	$625K	100x	as long as short
GRVT XAG_USDT_Perp	+0.0144%	4h	65.099	+0.044%	$385K	$1.6M	25x	as long as short
Nado XAG-PERP	+0.0156%	1h	65.050	−0.031%	$1.2M	$4.7M	10x	as long as short
Bitget XAGUSDT	+0.0168%	4h	65.120	+0.077%	$23.2M	$44.9M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0175%	8h	65.110	+0.061%	$28.2M	$70.8M	50x	as long as short
Lighter XAG	+0.0184%	1h	65.058	−0.018%	$5.3M	$11.3M	25x	as long as short
Aftermath Perps XAGUSD	+0.0199%	1h	65.079	+0.014%	$78K	$37K	10x	as long as short
Hibachi XAG/USDT-P	+0.0232%	1h	65.020	−0.077%	$20K	$15K	10x	as long as short
Bullet SILVER-USD	+0.0238%	1h	65.109	+0.060%	$44K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.075	+0.008%	$92K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0365%	1h	65.054	−0.025%	$1.0M	$869K	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0365%	1h	65.060	−0.015%	$65K	$399K	20x	as long as short