Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0075%/8h= −8.2% APRpaid last 24h −0.003%

Price spread now: ApeX Omni against BloFin−0.090%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$520.524% of the position

Long on BloFin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.358%+$36 on $10k

Price spread, last 4 days (all we have)−0.136%−$14 · spread now −0.090%, 7d avg −0.025%

Together, before fees+0.223%+$22 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 0.065% cheaper against BloFin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.025%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.358%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XAG-USDT	66.340	0.0175	pay 0.0088% / 4h	1h 24m	$2.6M	$553K	100x
Short	ApeX Omni XAGUSDT	66.280	0.0100	get 0.0013% / 1h	24m 43s	$113K	$30K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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 BloFinbpFee ApeX OmnibpOrdersPrice spread, now −0.090%Rate

Funding earned: −$15.76
Price spread: −0.090% → −0.025%: −$6.53
Slippage, 4 orders: −$30.44
Fee BloFin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$74.73
Costs to cover: 0.524%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; ApeX Omni: live order book, 36 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 BloFin live order book, 3 min ago	1.51 bp	9.0 bp −$9	9.0 bp −$90	10.8 bp −$1,082	15.8 bp −$7,903
Sell ApeX Omni live order book, 36 min ago	10.56 bp	17.3 bp −$17	52.4 bp −$524	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
dYdX XAG-USD	0.0000%	1h	66.272	−0.103%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.380	+0.060%	$150.4M	$164.3M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.350	+0.015%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.390	+0.075%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.390	+0.075%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.296	−0.067%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.356	+0.024%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.299	−0.062%	$5.3M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.090%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.270	−0.106%	$797K	$2.9M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SI-PERP	+0.0046%	1h	66.793	+0.683%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.331	−0.014%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.296	−0.066%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.270	−0.106%	$5.7M	$9.8M	25x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.340	0.000%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0065%	24h	66.311	−0.044%	$536K	$24.6M	8.1x	as long as short
Phoenix SILVER	+0.0084%	1h	66.308	−0.048%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0097%	1h	66.340	0.000%	$166.1M	$73.4M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.323	−0.026%	$472K	$610K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.320	−0.030%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDTshort	+0.0100%	1h	66.280	−0.090%	$113K	$30K	50x
Hotstuff SILVER-PERP	+0.0120%	1h	66.301	−0.059%	$35K	$21K	20x	as long as short
Paradex XAG-USD-PERP	+0.0134%	8h	66.341	+0.001%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0136%	4h	66.370	+0.045%	$2.7M	$877K	100x	as long as short
Bybit XAGUSDT	+0.0154%	4h	66.400	+0.090%	$26.9M	$36.1M	150x	as long as short
BloFin XAG-USDTlong	+0.0175%	4h	66.340	long leg	$2.6M	$553K	100x
Aevo XAG-PERP	+0.0176%	1h	66.359	+0.029%	$48K	—	10x	as long as short
RISEx XAG/USDC	+0.0181%	1h	66.370	+0.045%	$1.3M	$4.5M	20x	as long as short
Variational Omni XAG	+0.0184%	4h	66.321	−0.028%	$5.6M	$9.8M	—	as long as short
Lighter XAG	+0.0192%	1h	66.367	+0.040%	$5.3M	$10.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.350	+0.015%	$1.9M	$988K	20x	as long as short
MEXC SILVER_USDT	+0.0194%	4h	66.370	+0.045%	$105.4M	$153.5M	1000x	as long as short
Binance XAGUSDT	+0.0196%	4h	66.380	+0.060%	$192.3M	$705.4M	100x	as long as short
edgeX XAGUSDC	+0.0204%	4h	66.323	−0.025%	$673K	$313K	30x	as long as short
Nado XAG-PERP	+0.0211%	1h	66.300	−0.060%	$1.3M	$6.6M	10x	as long as short
OKX XAG-USDT-SWAP	+0.0217%	8h	66.380	+0.060%	$27.8M	$65.9M	50x	as long as short
Aftermath Perps XAGUSD	+0.0234%	1h	66.277	−0.095%	$80K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0246%	4h	66.370	+0.045%	$23.8M	$45.8M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0268%	4h	66.347	+0.011%	$402K	$1.5M	25x	as long as short
Hibachi XAG/USDT-P	+0.0272%	1h	66.270	−0.106%	$20K	$19K	10x	as long as short
Bullet SILVER-USD	+0.0280%	1h	66.363	+0.035%	$46K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0351% / S −0.0372%	1h	66.365	+0.038%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0353%	1h	66.350	+0.015%	$50K	$322K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0549%	1h	66.333	−0.010%	$915K	$671K	25x	as long as short