Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0041%/8h= −4.5% APRpaid last 24h +0.010%

Price spread now: ApeX Omni against Bybit+0.151%7-day average −0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$490.487% of the position

Long on Bybit Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.168%+$17 on $10k

Price spread, last 4 days (all we have)−0.091%−$9 · spread now +0.151%, 7d avg −0.017%

Together, before fees+0.077%+$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.168% dearer against Bybit than usual: you sell high and buy low (spread +0.151% now, against its 7-day average of −0.017%): +$17 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 14 days. Mind the row above: over the last 7 days funding on this pair paid +0.168%, 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	Bybit XAGUSDT	66.230	0.0141	pay 0.0071% / 4h	1h 49m	$26.7M	$36.2M	150x
Short	ApeX Omni XAGUSDT	66.330	0.0100	get 0.0013% / 1h	49m 22s	$113K	$30K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bybit. 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 BybitbpFee ApeX OmnibpOrdersPrice spread, now +0.151%Rate

Funding earned: −$8.63
Price spread: +0.151% → −0.017%: $16.8
Slippage, 4 orders: −$27.69
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$40.52
Costs to cover: 0.487%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; ApeX Omni: live order book, 11 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 Bybit live order book, 4 min ago	0.75 bp	6.3 bp −$6	8.9 bp −$89	15.4 bp −$1,541	55.7 bp −$27.9K
Sell ApeX Omni live order book, 11 min ago	10.56 bp	17.3 bp −$17	52.4 bp −$524	doesn't fit	doesn't fit

XAG on 43 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	66.178	−0.078%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.230	0.000%	$151.3M	$161.7M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.250	+0.030%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.260	+0.045%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.250	+0.030%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.144	−0.130%	$121K	—	250x	as long as short
Hotstuff SILVER-PERP	+0.0024%	1h	66.194	−0.054%	$35K	$21K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0030%	1h	66.120	−0.166%	$5.7M	$9.7M	25x	as long as short
Lighter RH XAG	+0.0032%	1h	66.214	−0.025%	$4.8M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.157	−0.110%	$5.3M	$12.1M	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.257%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.250	+0.030%	$797K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.661	+0.651%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.185	−0.068%	$3.9M	$673K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.171	−0.089%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.220	−0.015%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0063%	24h	66.213	−0.026%	$547K	$24.5M	8.1x	as long as short
Phoenix SILVER	+0.0084%	1h	66.206	−0.036%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0090%	1h	66.174	−0.085%	$165.7M	$74.7M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.166	−0.097%	$471K	$607K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.180	−0.075%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDTshort	+0.0100%	1h	66.330	+0.151%	$113K	$30K	50x
Paradex XAG-USD-PERP	+0.0136%	8h	66.216	−0.021%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0138%	4h	66.218	−0.019%	$2.7M	$917K	100x	as long as short
Bybit XAGUSDTlong	+0.0141%	4h	66.230	long leg	$26.7M	$36.2M	150x
Lighter XAG	+0.0168%	1h	66.221	−0.013%	$5.3M	$10.4M	25x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.231	+0.001%	$48K	—	10x	as long as short
Variational Omni XAG	+0.0176%	4h	66.242	+0.018%	$5.5M	$9.7M	—	as long as short
RISEx XAG/USDC	+0.0181%	1h	66.231	+0.001%	$1.2M	$4.4M	20x	as long as short
MEXC SILVER_USDT	+0.0190%	4h	66.210	−0.030%	$110.4M	$151.9M	1000x	as long as short
Binance XAGUSDT	+0.0191%	4h	66.210	−0.030%	$191.8M	$706.1M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.350	+0.181%	$1.9M	$972K	20x	as long as short
edgeX XAGUSDC	+0.0201%	4h	66.366	+0.206%	$673K	$314K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0216%	8h	66.220	−0.015%	$27.8M	$65.6M	50x	as long as short
Aftermath Perps XAGUSD	+0.0234%	1h	66.247	+0.026%	$80K	$38K	10x	as long as short
Nado XAG-PERP	+0.0238%	1h	66.171	−0.089%	$1.3M	$6.6M	10x	as long as short
Bitget XAGUSDT	+0.0252%	4h	66.230	0.000%	$23.9M	$46.1M	100x	as long as short
Hibachi XAG/USDT-P	+0.0256%	1h	66.199	−0.047%	$20K	$22K	10x	as long as short
Bullet SILVER-USD	+0.0263%	1h	66.226	−0.006%	$46K	$75K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0278%	4h	66.277	+0.071%	$400K	$1.5M	25x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0331% / S −0.0342%	1h	66.255	+0.038%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0354%	1h	66.220	−0.015%	$50K	$326K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0550%	1h	66.208	−0.033%	$763K	$475K	25x	as long as short