Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0066%/8h= +7.2% APRpaid last 24h −0.001%

Price spread now: Variational Omni against RISEx+0.155%7-day average +0.007% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on RISEx Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.035%−$4 on $10k

Price spread, last 7 days−0.145%−$15 · spread now +0.155%, 7d avg +0.007%

Together, before fees−0.181%+ Points / potential airdropVariational Omni: Active · farm board−$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Variational Omni is 0.148% dearer against RISEx than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx XAG/USDC	66.061	0.0137	pay 0.0017% / 1h	11m 43s	$1.3M	$4.5M	20x
Short	Variational Omni XAG	66.163	0.0203	get 0.0101% / 4h	11m 43s	$5.6M	$9.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against RISEx. 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 RISExbpFee Variational OmnibpOrdersPrice spread, now +0.155%Rate

Funding earned: $13.84
Price spread: +0.155% → +0.007%: $14.82
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $22.66
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: RISEx: live order book, 2 min ago; Variational Omni: RFQ quote, 2 min ago. Net counts fees only.

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 RISEx live order book, 2 min ago	1.48 bp	4.5 bp −$4	5.8 bp −$58	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	2.56 bp	doesn't fit	2.6 bp −$26	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	66.018	−0.065%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.080	+0.029%	$150.1M	$163.7M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.050	−0.016%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.130	+0.105%	$1.0M	$969K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.090	+0.044%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.981	−0.121%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.046	−0.023%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.993	−0.103%	$5.2M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.513%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.100	+0.059%	$795K	$3.1M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAG-USD.P	+0.0042%	1h	65.950	−0.168%	$5.7M	$9.6M	25x	as long as short
Vest SI-PERP	+0.0046%	1h	66.489	+0.648%	—	—	25x	as long as short
Hotstuff SILVER-PERP	+0.0048%	1h	66.052	−0.013%	$35K	$21K	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.021	−0.060%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.980	−0.122%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.060	−0.001%	$115K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0060%	1h	66.025	−0.054%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0071%	24h	66.038	−0.035%	$547K	$25.4M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	66.005	−0.085%	$470K	$615K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.030	−0.047%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.060	−0.001%	$113K	$30K	50x	as long as short
tradeXYZ xyz:SILVER	+0.0125%	1h	66.027	−0.051%	$165.8M	$74.3M	25x	as long as short
RISEx XAG/USDClong	+0.0137%	1h	66.061	long leg	$1.3M	$4.5M	20x
Paradex XAG-USD-PERP	+0.0140%	8h	66.056	−0.007%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0143%	4h	66.060	−0.001%	$2.7M	$868K	100x	as long as short
Bybit XAGUSDT	+0.0168%	4h	66.080	+0.029%	$27.1M	$36.1M	150x	as long as short
Lighter XAG	+0.0184%	1h	66.051	−0.015%	$5.2M	$10.7M	25x	as long as short
Aevo XAG-PERP	+0.0192%	1h	66.051	−0.014%	$47K	—	10x	as long as short
BloFin XAG-USDT	+0.0193%	4h	66.120	+0.090%	$2.6M	$554K	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.040	−0.032%	$1.8M	$1.0M	20x	as long as short
Variational Omni XAGshort	+0.0203%	4h	66.163	+0.155%	$5.6M	$9.5M	—
MEXC SILVER_USDT	+0.0210%	4h	66.060	−0.001%	$110.7M	$153.0M	1000x	as long as short
Nado XAG-PERP	+0.0211%	1h	66.008	−0.080%	$1.4M	$6.4M	10x	as long as short
Binance XAGUSDT	+0.0212%	4h	66.070	+0.014%	$192.6M	$700.2M	100x	as long as short
Aftermath Perps XAGUSD	+0.0222%	1h	66.060	−0.002%	$80K	$36K	10x	as long as short
edgeX XAGUSDC	+0.0222%	4h	66.092	+0.048%	$671K	$313K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0234%	8h	66.070	+0.014%	$27.7M	$65.0M	50x	as long as short
Bitget XAGUSDT	+0.0256%	4h	66.070	+0.014%	$23.8M	$45.4M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0274%	4h	66.094	+0.050%	$389K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0287%	1h	66.061	+0.001%	$44K	$76K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0356%	1h	66.030	−0.047%	$62K	$349K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0383% / S −0.0424%	1h	66.065	+0.006%	$103K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0384%	1h	66.050	−0.016%	$20K	$19K	10x	as long as short
Kraken Futures PF_XAGUSD	+0.0485%	1h	66.028	−0.049%	$912K	$683K	25x	as long as short