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

XAG

RWAall XAG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0154%/8h= −16.9% APRpaid last 24h −0.034%
Price spread now: ApeX Omni against Bitget+0.121%113s7-day average −0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$500.499% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.093%+$9 on $10k
Price spread, last 4 days (all we have)−0.061%−$6 · spread now +0.121%, 7d avg −0.013%
Together, before fees+0.032%+$3 on $10k · with fees, hour by hour
The price spread pays, funding is against you. ApeX Omni is 0.134% dearer against Bitget than usual: you sell high and buy low (spread +0.121% now, against its 7-day average of −0.013%): +$13 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.9 days. Mind the row above: over the last 7 days funding on this pair paid +0.093%, so the current rate has only just turned against you. The two prices were read 113 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget XAGUSDT66.2500.0254pay 0.0127% / 4h1h 51m$23.9M$46.1M100x
ShortApeX Omni XAGUSDT66.3300.0100get 0.0013% / 1h51m 47s$113K$30K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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
−$32.34
Price spread: +0.121% → −0.013%
$13.39
Slippage, 4 orders
−$27.93
Fee Bitget: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$68.88
Costs to cover
0.499%
Break-even
never at this rate
Slippage from Bitget: live order book, 2 min ago; ApeX Omni: live order book, 9 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 Bitget live order book, 2 min ago0.75 bp6.8 bp −$78.7 bp −$8719.5 bp −$1,94954.0 bp −$27.0K
Sell ApeX Omni live order book, 9 min ago10.56 bp17.3 bp −$1752.4 bp −$524doesn't fitdoesn't fit

XAG on 43 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%1h66.236−0.022%$15K5xas long as short
Gate XAG_USDT0.0000%4h66.290+0.060%$152.1M$161.6M100xas long as short
SunX XAG-USDT0.0000%4h66.330+0.121%$2K$2.8M20xas long as short
HTX XAG-USDT0.0000%4h66.380+0.196%$1.0M$1.1M75xas long as short
Phemex XAGUSDT0.0000%4h66.320+0.106%$1.5M$250K100xas long as short
gTrade (Gains Network) XAG/USDL +0.0004% / S −0.0006%1h66.241−0.014%$121K250xas long as short
Ondo Perps XAG-USD.P+0.0022%1h66.160−0.136%$5.7M$9.7M25xas long as short
Lighter RH XAG+0.0032%1h66.230−0.030%$4.8M$9.4M25xas long as short
Extended XAG-USD+0.0032%1h66.213−0.056%$5.3M$12.2M10xas long as short
Injective XAG/USDC PERP+0.0033%1h66.400+0.226%$11K$94K52xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
StandX XAG-USD+0.0040%1h66.390+0.211%$799K$2.9M40xas long as short
Vest SI-PERP+0.0046%1h66.770+0.785%25xas long as short
Polymarket Perps SILVER-USD+0.0050%1h66.292+0.063%$3.9M$672K20xas long as short
SoDEX SILVER-USD+0.0050%1h66.238−0.018%$3K$6K20xas long as short
QFEX SILVER-USD+0.0062%1h66.320+0.106%$115K$2.7M20xas long as short
Kalshi KXSILVERPERP+0.0063%24h66.278+0.042%$546K$24.5M8.1xas long as short
Phoenix SILVER+0.0084%1h66.303+0.080%$56K$26K25xas long as short
tradeXYZ xyz:SILVER+0.0098%1h66.246−0.006%$165.8M$74.7M25xas long as short
Pacifica XAG+0.0100%1h66.219−0.047%$471K$607K10xas long as short
KuCoin XAGUSDTM+0.0100%4h66.240−0.015%$24.5M$4.5M75xas long as short
ApeX Omni XAGUSDTshort+0.0100%1h66.330+0.121%$113K$30K50x
Paradex XAG-USD-PERP+0.0138%8h66.270+0.030%$30K$1K5xas long as short
Aster XAGUSDT+0.0142%4h66.270+0.030%$2.7M$917K100xas long as short
Bybit XAGUSDT+0.0144%4h66.270+0.030%$26.7M$36.2M150xas long as short
Lighter XAG+0.0168%1h66.245−0.008%$5.3M$10.4M25xas long as short
Aevo XAG-PERP+0.0176%1h66.303+0.080%$48K10xas long as short
Variational Omni XAG+0.0178%4h66.354+0.157%$5.5M$9.8Mas long as short
RISEx XAG/USDC+0.0181%1h66.330+0.121%$1.2M$4.4M20xas long as short
MEXC SILVER_USDT+0.0192%4h66.260+0.015%$111.5M$151.7M1000xas long as short
Coinbase International SILVER-PERP-INTX+0.0192%1h66.350+0.151%$1.9M$972K20xas long as short
Binance XAGUSDT+0.0192%4h66.260+0.015%$191.9M$705.9M100xas long as short
edgeX XAGUSDC+0.0212%4h66.351+0.152%$673K$314K30xas long as short
OKX XAG-USDT-SWAP+0.0217%8h66.2500.000%$27.8M$65.6M50xas long as short
Aftermath Perps XAGUSD+0.0233%1h66.297+0.071%$80K$38K10xas long as short
Hibachi XAG/USDT-P+0.0240%1h66.320+0.106%$20K$22K10xas long as short
Nado XAG-PERP+0.0240%1h66.282+0.049%$1.3M$6.6M10xas long as short
Bitget XAGUSDTlong+0.0254%4h66.250long leg$23.9M$46.1M100x
Bullet SILVER-USD+0.0272%1h66.321+0.107%$46K$75K10xas long as short
GRVT XAG_USDT_Perp+0.0282%4h66.410+0.242%$399K$1.5M25xas long as short
GMX SILVER/USD [ETH-USDC]L +0.0330% / S −0.0340%1h66.305+0.083%$103K111xas long as short
Hotstuff SILVER-PERP+0.0344%1h66.376+0.190%$35K$21K20xas long as short
Deribit SILVER_USDC-PERPETUAL+0.0354%1h66.290+0.060%$50K$326K20xas long as short
Kraken Futures PF_XAGUSD+0.0549%1h66.268+0.026%$764K$475K25xas long as short