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

XAG

RWAall XAG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0068%/8h= +7.4% APRnext payment +$0.09 per $10,000 · paid last 24h +0.020%
Price spread now: ApeX Omni against Lighter RH−0.085%7-day average +0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$410.412% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.145%+$14 on $10k
Price spread, last 4 days (all we have)+0.126%+$13 · spread now −0.085%, 7d avg +0.017%
Together, before fees+0.271%+ Points / potential airdropLighter RH: Points live · farm board+$27 on $10k · with fees, hour by hour
Funding pays, the price is against you. ApeX Omni is 0.103% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.085% now, against its 7-day average of +0.017%). If the spread goes back, that is −$10 on $10k: about 5.0 days of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH XAG65.9860.0032pay 0.0004% / 1h37m 35s$4.8M$9.5M25x
ShortApeX Omni XAGUSDT65.9300.0100get 0.0013% / 1h37m 35s$113K$30K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Lighter RH. 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
$14.28
Price spread: −0.085% → +0.017%
−$10.28
Slippage, 4 orders
−$31.15
Fee Lighter RH: 0 bp × 2 orders
$0
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$37.15
Costs to cover
0.412%
Break-even
25.2 days
Slippage from Lighter RH: live order book, 6 min ago; ApeX Omni: live order book, 13 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 Lighter RH live order book, 6 min ago2.03 bp2.4 bp −$23.3 bp −$3321.2 bp −$2,117doesn't fit
Sell ApeX Omni live order book, 13 min ago4.55 bp18.3 bp −$1851.0 bp −$510doesn't fitdoesn't fit

XAG on 44 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
Ondo Perps XAG-USD.P−0.0046%1h65.880−0.161%$5.7M$9.3M25xas long as short
dYdX XAG-USD0.0000%1h65.934−0.080%$14K5xas long as short
Gate XAG_USDT0.0000%4h66.010+0.036%$149.6M$163.5M100xas long as short
SunX XAG-USDT0.0000%4h65.980−0.010%$2K$2.6M20xas long as short
HTX XAG-USDT0.0000%4h66.010+0.036%$1.0M$966K75xas long as short
Phemex XAGUSDT0.0000%4h65.990+0.005%$1.5M$320K100xas long as short
gTrade (Gains Network) XAG/USDL +0.0004% / S −0.0006%1h65.920−0.100%$120K250xas long as short
Lighter RH XAGlong+0.0032%1h65.986long leg$4.8M$9.5M25x
Extended XAG-USD+0.0032%1h65.937−0.075%$5.1M$11.5M10xas long as short
Injective XAG/USDC PERP+0.0033%1h66.400+0.627%$11K$94K52xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
StandX XAG-USD+0.0040%1h65.980−0.010%$794K$3.1M40xas long as short
Vest SI-PERP+0.0046%1h66.433+0.677%25xas long as short
Hotstuff SILVER-PERP+0.0048%1h65.963−0.035%$35K$21K20xas long as short
Polymarket Perps SILVER-USD+0.0050%1h65.946−0.061%$3.9M$674K20xas long as short
SoDEX SILVER-USD+0.0050%1h65.920−0.101%$3K$6K20xas long as short
tradeXYZ xyz:SILVER+0.0051%1h65.959−0.042%$166.0M$73.5M25xas long as short
QFEX SILVER-USD+0.0060%1h66.000+0.021%$114K$2.7M20xas long as short
Kalshi KXSILVERPERP+0.0073%24h65.942−0.067%$540K$25.9M8.1xas long as short
Phoenix SILVER+0.0073%1h65.889−0.148%$56K$26K25xas long as short
RISEx XAG/USDC+0.0080%1h65.995+0.012%$1.3M$4.9M20xas long as short
Pacifica XAG+0.0100%1h65.940−0.071%$469K$612K10xas long as short
KuCoin XAGUSDTM+0.0100%4h65.970−0.025%$24.5M$4.5M75xas long as short
ApeX Omni XAGUSDTshort+0.0100%1h65.930−0.085%$113K$30K50x
Bybit XAGUSDT+0.0107%4h66.030+0.066%$27.4M$36.4M150xas long as short
Lighter XAG+0.0112%1h65.984−0.004%$5.2M$10.6M25xas long as short
Paradex XAG-USD-PERP+0.0113%8h65.9860.000%$30K$1K5xas long as short
Aster XAGUSDT+0.0137%4h65.970−0.025%$2.7M$871K100xas long as short
Nado XAG-PERP+0.0181%1h65.957−0.045%$1.4M$5.8M10xas long as short
Aevo XAG-PERP+0.0184%1h65.976−0.015%$47K10xas long as short
Variational Omni XAG+0.0188%4h65.963−0.035%$5.6M$9.4Mas long as short
MEXC SILVER_USDT+0.0200%4h65.990+0.005%$112.9M$152.1M1000xas long as short
GRVT XAG_USDT_Perp+0.0200%4h65.987+0.002%$394K$1.5M25xas long as short
Binance XAGUSDT+0.0200%4h66.009+0.034%$191.1M$702.3M100xas long as short
BloFin XAG-USDT+0.0204%4h66.000+0.021%$2.6M$556K100xas long as short
Deribit SILVER_USDC-PERPETUAL+0.0205%1h65.960−0.040%$75K$363K20xas long as short
Coinbase International SILVER-PERP-INTX+0.0208%1h65.950−0.055%$1.8M$1.0M20xas long as short
Aftermath Perps XAGUSD+0.0213%1h65.954−0.050%$79K$36K10xas long as short
edgeX XAGUSDC+0.0213%4h65.976−0.015%$669K$311K30xas long as short
OKX XAG-USDT-SWAP+0.0232%8h66.010+0.036%$27.7M$64.8M50xas long as short
Bullet SILVER-USD+0.0233%1h65.984−0.004%$44K$76K10xas long as short
Bitget XAGUSDT+0.0240%4h66.000+0.021%$23.9M$45.2M100xas long as short
Hibachi XAG/USDT-P+0.0328%1h65.940−0.070%$20K$19K10xas long as short
GMX SILVER/USD [ETH-USDC]L +0.0387% / S −0.0440%1h65.985−0.002%$105K111xas long as short
Kraken Futures PF_XAGUSD+0.0624%1h65.952−0.052%$910K$683K25xas long as short