Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: ApeX Omni against HTX−0.060%7-day average −0.066% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$770.767% of the position

Long on HTX Short on ApeX Omni

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)0.000%$0 · spread now −0.060%, 7d avg −0.066%

Together, before fees+0.210%+$21 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.066%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XAG-USDT	66.430	0	get 0.0000% / 4h	2h 56m	$1.1M	$1.1M	75x
Short	ApeX Omni XAGUSDT	66.390	0.0100	get 0.0013% / 1h	56m 24s	$126K	$23K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against HTX. 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 HTXbpFee ApeX OmnibpOrdersPrice spread, now −0.060%Rate

Funding earned: $21
Price spread: −0.060% → −0.066%: $0.58
Slippage, 4 orders: −$54.73
Fee HTX: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$55.16
Costs to cover: 0.767%
Break-even: 25.4 days

Slippage from HTX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy HTX live order book, 2 min ago	7.52 bp	14.4 bp −$14	20.7 bp −$207	26.0 bp −$2,596	doesn't fit
Sell ApeX Omni live order book, 9 min ago	9.02 bp	24.9 bp −$25	62.8 bp −$628	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	66.388	−0.063%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.530	+0.151%	$26.0M	$35.9M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.520	+0.135%	$154.6M	$159.9M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.420	−0.015%	$2K	$2.9M	20x	as long as short
HTX XAG-USDTlong	0.0000%	4h	66.430	long leg	$1.1M	$1.1M	75x
Phemex XAGUSDT	0.0000%	4h	66.470	+0.060%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.396	−0.051%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.439	+0.013%	$4.8M	$9.3M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.430	0.000%	$5.4M	$12.5M	10x	as long as short
Hotstuff SILVER-PERP	+0.0032%	1h	66.373	−0.086%	$35K	$21K	20x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.045%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.430	0.000%	$799K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.907	+0.718%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.369	−0.092%	$56K	$26K	25x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.400	−0.045%	$5.7M	$9.6M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.449	+0.029%	$3.9M	$669K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.342	−0.132%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.450	+0.030%	$115K	$2.8M	20x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.384	−0.069%	$549K	$23.0M	8.1x	as long as short
tradeXYZ xyz:SILVER	+0.0077%	1h	66.429	−0.002%	$165.8M	$85.2M	25x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.509	+0.118%	$1.2M	$4.3M	20x	as long as short
Aster XAGUSDT	+0.0098%	4h	66.470	+0.060%	$2.8M	$1.0M	100x	as long as short
Pacifica XAG	+0.0100%	1h	66.446	+0.024%	$473K	$611K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.450	+0.030%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDTshort	+0.0100%	1h	66.390	−0.060%	$126K	$23K	50x
Variational Omni XAG	+0.0108%	4h	66.543	+0.171%	$5.6M	$9.8M	—	as long as short
Paradex XAG-USD-PERP	+0.0113%	8h	66.459	+0.044%	$30K	$1K	5x	as long as short
edgeX XAGUSDC	+0.0123%	4h	66.509	+0.119%	$675K	$316K	30x	as long as short
MEXC SILVER_USDT	+0.0126%	4h	66.470	+0.060%	$108.2M	$156.0M	1000x	as long as short
Binance XAGUSDT	+0.0126%	4h	66.487	+0.086%	$193.4M	$715.2M	100x	as long as short
Aevo XAG-PERP	+0.0128%	1h	66.406	−0.036%	$48K	—	10x	as long as short
Lighter XAG	+0.0152%	1h	66.454	+0.035%	$5.3M	$10.4M	25x	as long as short
BloFin XAG-USDT	+0.0158%	4h	66.470	+0.060%	$2.6M	$663K	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.380	−0.075%	$1.9M	$962K	20x	as long as short
GRVT XAG_USDT_Perp	+0.0190%	4h	66.454	+0.036%	$402K	$1.5M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0194%	8h	66.480	+0.075%	$28.0M	$66.7M	50x	as long as short
Bitget XAGUSDT	+0.0200%	4h	66.490	+0.090%	$24.5M	$46.4M	100x	as long as short
Aftermath Perps XAGUSD	+0.0209%	1h	66.470	+0.061%	$80K	$39K	10x	as long as short
Nado XAG-PERP	+0.0226%	1h	66.465	+0.052%	$1.3M	$6.5M	10x	as long as short
Bullet SILVER-USD	+0.0261%	1h	66.466	+0.054%	$45K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0292% / S −0.0281%	1h	66.465	+0.053%	$103K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0304%	1h	66.370	−0.090%	$20K	$22K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0353%	1h	66.400	−0.045%	$50K	$331K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0462%	1h	66.377	−0.080%	$765K	$552K	25x	as long as short