Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.002%

Price spread now: ApeX Omni against Variational Omni−0.034%58s7-day average −0.014% · you buy dearer than you sell

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

Long on Variational Omni Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.068%+$7 on $10k

Price spread, last 4 days (all we have)+0.038%+$4 · spread now −0.034%, 7d avg −0.014%

Together, before fees+0.106%+ Points / potential airdropVariational Omni: Active · farm board+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.020% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.034% now, against its 7-day average of −0.014%). If the spread goes back, that is −$2 on $10k: about 16 hours of funding at the current rate (+$3 a day). The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XAG	65.332	0.0000	pay 0.0000% / 4h	34m 32s	$5.5M	$9.1M	—
Short	ApeX Omni XAGUSDT	65.310	0.0100	get 0.0013% / 1h	34m 32s	$112K	$19K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now −0.034%Rate

Funding earned: $20.9
Price spread: −0.034% → −0.014%: −$2.01
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $8.89
Costs to cover: 0.100%
Break-even: 4.0 days

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; ApeX Omni: live order book, 1 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 Variational Omni RFQ quote, 5 min ago	2.58 bp	doesn't fit	3.0 bp −$30	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 1 min ago	3.06 bp	15.0 bp −$15	56.2 bp −$562	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
Ondo Perps XAG-USD.P	−0.0041%	1h	65.240	−0.141%	$5.6M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.297	−0.054%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.360	+0.042%	$27.8M	$39.4M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.340	+0.012%	$2K	$2.5M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.370	+0.058%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.360	+0.042%	$1.5M	$281K	100x	as long as short
Variational Omni XAGlong	0.0000%	4h	65.332	long leg	$5.5M	$9.1M	—
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.290	−0.065%	$118K	—	250x	as long as short
Aster XAGUSDT	+0.0024%	4h	65.359	+0.041%	$2.7M	$928K	100x	as long as short
Hotstuff SILVER-PERP	+0.0024%	1h	65.316	−0.025%	$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
MEXC SILVER_USDT	+0.0026%	4h	65.330	−0.003%	$118.7M	$157.3M	1000x	as long as short
Binance XAGUSDT	+0.0027%	4h	65.350	+0.027%	$191.7M	$753.4M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.340	+0.012%	$4.6M	$9.8M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.287	−0.069%	$5.1M	$11.6M	10x	as long as short
Gate XAG_USDT	+0.0032%	4h	65.360	+0.042%	$140.8M	$178.2M	100x	as long as short
edgeX XAGUSDC	+0.0032%	4h	65.342	+0.015%	$665K	$313K	30x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.634%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.380	+0.073%	$786K	$2.9M	40x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.330	−0.003%	$157K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.774	+0.676%	—	—	25x	as long as short
Aevo XAG-PERP	+0.0048%	1h	65.334	+0.003%	$47K	—	10x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.305	−0.042%	$169.7M	$81.6M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.319	−0.020%	$3.8M	$856K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.291	−0.063%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0052%	8h	65.322	−0.016%	$29K	$1K	5x	as long as short
Phoenix SILVER	+0.0061%	1h	65.297	−0.054%	$56K	$31K	25x	as long as short
Kalshi KXSILVERPERP	+0.0079%	24h	65.331	−0.002%	$531K	$31.8M	8.1x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	65.300	−0.049%	$1.6M	$1.4M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.288	−0.068%	$465K	$611K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.310	−0.034%	$25.3M	$4.7M	75x	as long as short
ApeX Omni XAGUSDTshort	+0.0100%	1h	65.310	−0.034%	$112K	$19K	50x
BloFin XAG-USDT	+0.0111%	4h	65.360	+0.042%	$2.7M	$575K	100x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.353	+0.032%	$1.2M	$4.8M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0128%	4h	65.357	+0.037%	$384K	$1.6M	25x	as long as short
Bitget XAGUSDT	+0.0154%	4h	65.340	+0.012%	$23.2M	$44.7M	100x	as long as short
Lighter XAG	+0.0160%	1h	65.342	+0.015%	$5.3M	$11.1M	25x	as long as short
Nado XAG-PERP	+0.0160%	1h	65.315	−0.026%	$1.2M	$4.7M	10x	as long as short
OKX XAG-USDT-SWAP	+0.0167%	8h	65.340	+0.012%	$28.2M	$69.8M	50x	as long as short
Aftermath Perps XAGUSD	+0.0181%	1h	65.330	−0.003%	$79K	$37K	10x	as long as short
Hibachi XAG/USDT-P	+0.0184%	1h	65.330	−0.004%	$20K	$17K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.340	+0.012%	$65K	$390K	20x	as long as short
Bullet SILVER-USD	+0.0221%	1h	65.363	+0.047%	$45K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.355	+0.035%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0363%	1h	65.320	−0.019%	$1.0M	$868K	25x	as long as short