Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0088%/8h= +9.6% APRpaid last 24h +0.018%

Price spread now: Aftermath Perps against Variational Omni−0.086%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Aftermath Perps is 0.086% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.086% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 3.3 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XAG	65.674	0.0120	pay 0.0060% / 4h	2h 04m	$5.5M	$9.5M	—
Short	Aftermath Perps XAGUSD	65.617	0.0207	get 0.0026% / 1h	4m 58s	$79K	$37K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Variational Omni. 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 Variational OmnibpFee Aftermath PerpsbpOrdersPrice spread, now −0.086%Rate

Funding earned: $18.38
Price spread: −0.086% → 0.000%: −$8.63
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $0.74
Costs to cover: 0.090%
Break-even: 6.7 days

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Aftermath Perps: no order-book sample. 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 Variational Omni RFQ quote, 4 min ago	2.58 bp	doesn't fit	2.8 bp −$28	doesn't fit	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Hibachi XAG/USDT-P	−0.0040%	1h	65.660	−0.021%	$20K	$19K	10x	as long as short
Ondo Perps XAG-USD.P	−0.0004%	1h	65.530	−0.219%	$5.7M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.636	−0.057%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.650	−0.036%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.690	+0.025%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.630	−0.066%	$1.5M	$280K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.587	−0.132%	$119K	—	250x	as long as short
RISEx XAG/USDC	+0.0030%	1h	65.657	−0.026%	$1.2M	$4.9M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	65.622	−0.079%	$4.7M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.575	−0.149%	$5.1M	$11.7M	10x	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	+1.106%	$11K	$94K	52x	as long as short
Phoenix SILVER	+0.0036%	1h	65.609	−0.098%	$56K	$26K	25x	as long as short
Gate XAG_USDT	+0.0040%	4h	65.640	−0.051%	$144.3M	$181.3M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.690	+0.025%	$790K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.079	+0.617%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.602	−0.109%	$3.9M	$711K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.571	−0.156%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.630	−0.066%	$152K	$2.8M	20x	as long as short
Hotstuff SILVER-PERP	+0.0056%	1h	65.633	−0.062%	$35K	$21K	20x	as long as short
Paradex XAG-USD-PERP	+0.0062%	8h	65.636	−0.057%	$29K	$1K	5x	as long as short
tradeXYZ xyz:SILVER	+0.0076%	1h	65.596	−0.118%	$170.9M	$82.3M	25x	as long as short
Kalshi KXSILVERPERP	+0.0076%	24h	65.626	−0.072%	$461K	$29.3M	8.1x	as long as short
Aster XAGUSDT	+0.0079%	4h	65.640	−0.051%	$2.7M	$944K	100x	as long as short
Pacifica XAG	+0.0100%	1h	65.609	−0.098%	$468K	$629K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.600	−0.112%	$24.7M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.680	+0.010%	$112K	$23K	50x	as long as short
Bybit XAGUSDT	+0.0106%	4h	65.650	−0.036%	$28.9M	$39.2M	150x	as long as short
Variational Omni XAGlong	+0.0120%	4h	65.674	long leg	$5.5M	$9.5M	—
Lighter XAG	+0.0128%	1h	65.622	−0.078%	$5.4M	$11.4M	25x	as long as short
Aevo XAG-PERP	+0.0128%	1h	65.618	−0.084%	$47K	—	10x	as long as short
Binance XAGUSDT	+0.0129%	4h	65.635	−0.058%	$188.8M	$746.1M	100x	as long as short
MEXC SILVER_USDT	+0.0130%	4h	65.620	−0.081%	$112.6M	$162.3M	1000x	as long as short
edgeX XAGUSDC	+0.0148%	4h	65.729	+0.084%	$669K	$313K	30x	as long as short
Nado XAG-PERP	+0.0149%	1h	65.623	−0.076%	$1.3M	$5.6M	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.690	+0.025%	$1.6M	$1.3M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0194%	4h	65.738	+0.098%	$389K	$1.5M	25x	as long as short
Aftermath Perps XAGUSDshort	+0.0207%	1h	65.617	−0.086%	$79K	$37K	10x
Deribit SILVER_USDC-PERPETUAL	+0.0207%	1h	65.610	−0.097%	$66K	$368K	20x	as long as short
Bitget XAGUSDT	+0.0210%	4h	65.630	−0.066%	$23.8M	$46.3M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0211%	8h	65.640	−0.051%	$27.9M	$70.1M	50x	as long as short
Bullet SILVER-USD	+0.0236%	1h	65.651	−0.034%	$44K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0320% / S −0.0301%	1h	65.635	−0.059%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0369%	4h	65.660	−0.021%	$2.6M	$622K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0470%	1h	65.595	−0.120%	$915K	$735K	25x	as long as short