Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0074%/8h= −8.1% APRpaid last 24h −0.006%

Price spread now: ApeX Omni against Binance−0.081%109s7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as 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−$480.482% of the position

Long on Binance Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.146%+$15 on $10k

Price spread, last 4 days (all we have)+0.080%+$8 · spread now −0.081%, 7d avg −0.013%

Together, before fees+0.226%+$23 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and ApeX Omni is 0.068% cheaper against Binance than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.013%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.146%, so the current rate has only just turned against you. The two prices were read 109 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	Binance XAGUSDT	66.043	0.0174	pay 0.0087% / 4h	3h 03m	$191.0M	$703.4M	100x
Short	ApeX Omni XAGUSDT	65.990	0.0100	get 0.0013% / 1h	3m 44s	$113K	$30K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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 BinancebpFee ApeX OmnibpOrdersPrice spread, now −0.081%Rate

Funding earned: −$15.47
Price spread: −0.081% → −0.013%: −$6.77
Slippage, 4 orders: −$28.22
Fee Binance: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$70.46
Costs to cover: 0.482%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; ApeX Omni: live order book, 47 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 Binance live order book, 10 min ago	0.76 bp	5.8 bp −$6	5.8 bp −$58	8.1 bp −$806	19.4 bp −$9,725
Sell ApeX Omni live order book, 47 min ago	4.55 bp	18.3 bp −$18	51.0 bp −$510	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	−0.0050%	1h	65.930	−0.172%	$5.7M	$9.2M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.989	−0.083%	$14K	$66	5x	as long as short
SunX XAG-USDT	0.0000%	4h	66.080	+0.055%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.100	+0.086%	$1.1M	$1.0M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.080	+0.055%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.010	−0.050%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.036	−0.011%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.983	−0.091%	$5.2M	$11.5M	10x	as long as short
Hotstuff SILVER-PERP	+0.0032%	1h	66.027	−0.025%	$35K	$21K	20x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.540%	$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	66.060	+0.025%	$795K	$3.0M	40x	as long as short
Gate XAG_USDT	+0.0044%	4h	66.060	+0.025%	$149.8M	$164.5M	100x	as long as short
Vest SI-PERP	+0.0046%	1h	66.491	+0.678%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.035	−0.013%	$3.9M	$676K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.009	−0.052%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0055%	8h	66.034	−0.015%	$30K	$1K	5x	as long as short
QFEX SILVER-USD	+0.0060%	1h	66.050	+0.010%	$114K	$2.7M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0060%	1h	66.008	−0.054%	$166.3M	$73.9M	25x	as long as short
Phoenix SILVER	+0.0073%	1h	65.995	−0.073%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0074%	24h	66.036	−0.011%	$530K	$26.7M	8.1x	as long as short
RISEx XAG/USDC	+0.0080%	1h	66.052	+0.013%	$1.3M	$4.9M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.984	−0.090%	$469K	$604K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.020	−0.035%	$24.4M	$4.5M	75x	as long as short
ApeX Omni XAGUSDTshort	+0.0100%	1h	65.990	−0.081%	$113K	$30K	50x
Bybit XAGUSDT	+0.0109%	4h	66.060	+0.025%	$27.8M	$36.5M	150x	as long as short
Aster XAGUSDT	+0.0120%	4h	66.051	+0.012%	$2.7M	$871K	100x	as long as short
Lighter XAG	+0.0120%	1h	66.036	−0.011%	$5.2M	$10.9M	25x	as long as short
Variational Omni XAG	+0.0164%	4h	66.053	+0.015%	$5.7M	$9.5M	—	as long as short
Aevo XAG-PERP	+0.0168%	1h	66.063	+0.030%	$47K	—	10x	as long as short
Binance XAGUSDTlong	+0.0174%	4h	66.043	long leg	$191.0M	$703.4M	100x
MEXC SILVER_USDT	+0.0174%	4h	66.030	−0.020%	$115.0M	$152.9M	1000x	as long as short
edgeX XAGUSDC	+0.0182%	4h	66.013	−0.046%	$670K	$311K	30x	as long as short
Nado XAG-PERP	+0.0187%	1h	66.027	−0.025%	$1.4M	$5.8M	10x	as long as short
BloFin XAG-USDT	+0.0196%	4h	66.060	+0.025%	$2.6M	$570K	100x	as long as short
Aftermath Perps XAGUSD	+0.0198%	1h	66.022	−0.032%	$79K	$36K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0204%	1h	66.050	+0.010%	$75K	$363K	20x	as long as short
GRVT XAG_USDT_Perp	+0.0208%	4h	66.053	+0.014%	$394K	$1.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	65.980	−0.096%	$1.8M	$1.0M	20x	as long as short
OKX XAG-USDT-SWAP	+0.0223%	8h	66.040	−0.005%	$27.8M	$64.5M	50x	as long as short
Bitget XAGUSDT	+0.0226%	4h	66.040	−0.005%	$23.9M	$44.9M	100x	as long as short
Bullet SILVER-USD	+0.0237%	1h	66.080	+0.055%	$44K	$75K	10x	as long as short
Hibachi XAG/USDT-P	+0.0304%	1h	66.020	−0.035%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0387% / S −0.0440%	1h	66.075	+0.048%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0623%	1h	66.045	+0.002%	$911K	$685K	25x	as long as short