Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0005%/8h= +0.6% APRpaid last 24h −0.013%

Price spread now: Extended against Variational Omni−0.219%7-day average −0.067% · you buy dearer than you sell

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

Long on Variational Omni Short on Extended

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.014%+$1 on $10k

Price spread, last 7 days+0.179%+$18 · spread now −0.219%, 7d avg −0.067%

Together, before fees+0.194%+ Points / potential airdropVariational Omni: Active · Extended: Active · farm board+$19 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.151% cheaper against Variational Omni than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of −0.067%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XAG	65.403	0.0027	pay 0.0013% / 4h	53m 14s	$5.5M	$9.1M	—
Short	Extended XAG-USD	65.260	0.0032	get 0.0004% / 1h	53m 14s	$5.1M	$11.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.219%Rate

Funding earned: $1.1
Price spread: −0.219% → −0.067%: −$15.14
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$19.05
Costs to cover: 0.050%
Break-even: 128.5 days

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Extended: live order book, 6 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, 1 min ago	2.58 bp	doesn't fit	2.6 bp −$26	doesn't fit	doesn't fit
Sell Extended live order book, 6 min ago	0.08 bp	2.7 bp −$3	3.8 bp −$38	9.0 bp −$901	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
Hotstuff SILVER-PERP	−0.0088%	1h	65.377	−0.040%	$35K	$21K	20x	as long as short
Ondo Perps XAG-USD.P	−0.0066%	1h	65.220	−0.280%	$5.6M	$9.6M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.287	−0.177%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.310	−0.142%	$27.7M	$39.6M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.330	−0.111%	$2K	$2.5M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.330	−0.111%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.320	−0.127%	$1.5M	$281K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.263	−0.214%	$118K	—	250x	as long as short
Variational Omni XAGlong	+0.0027%	4h	65.403	long leg	$5.5M	$9.1M	—
Gate XAG_USDT	+0.0028%	4h	65.330	−0.111%	$141.1M	$176.6M	100x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XAG	+0.0032%	1h	65.302	−0.154%	$4.5M	$9.7M	25x	as long as short
Extended XAG-USDshort	+0.0032%	1h	65.260	−0.219%	$5.1M	$11.6M	10x
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.525%	$11K	$94K	52x	as long as short
Aster XAGUSDT	+0.0037%	4h	65.320	−0.127%	$2.7M	$952K	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.390	−0.020%	$787K	$2.9M	40x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.330	−0.111%	$152K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.734	+0.506%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.292	−0.170%	$3.8M	$856K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.247	−0.238%	$3K	$6K	20x	as long as short
Binance XAGUSDT	+0.0051%	4h	65.310	−0.142%	$191.6M	$761.8M	100x	as long as short
MEXC SILVER_USDT	+0.0052%	4h	65.300	−0.157%	$117.0M	$156.0M	1000x	as long as short
Paradex XAG-USD-PERP	+0.0053%	8h	65.326	−0.118%	$29K	$1K	5x	as long as short
Phoenix SILVER	+0.0061%	1h	65.294	−0.167%	$56K	$31K	25x	as long as short
edgeX XAGUSDC	+0.0064%	4h	65.368	−0.053%	$665K	$312K	30x	as long as short
Aevo XAG-PERP	+0.0064%	1h	65.309	−0.144%	$47K	—	10x	as long as short
Kalshi KXSILVERPERP	+0.0079%	24h	65.284	−0.182%	$476K	$31.7M	8.1x	as long as short
tradeXYZ xyz:SILVER	+0.0079%	1h	65.279	−0.189%	$170.4M	$80.9M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	65.360	−0.066%	$1.6M	$1.4M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.297	−0.163%	$468K	$621K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.290	−0.173%	$25.3M	$5.0M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.370	−0.050%	$112K	$19K	50x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.344	−0.090%	$1.2M	$4.9M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0144%	4h	65.409	+0.010%	$384K	$1.6M	25x	as long as short
Lighter XAG	+0.0152%	1h	65.299	−0.158%	$5.3M	$11.1M	25x	as long as short
Nado XAG-PERP	+0.0157%	1h	65.281	−0.187%	$1.2M	$4.8M	10x	as long as short
Hibachi XAG/USDT-P	+0.0160%	1h	65.289	−0.174%	$20K	$17K	10x	as long as short
Bitget XAGUSDT	+0.0168%	4h	65.310	−0.142%	$23.7M	$45.6M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0179%	8h	65.300	−0.157%	$28.1M	$70.6M	50x	as long as short
BloFin XAG-USDT	+0.0202%	4h	65.320	−0.127%	$2.7M	$582K	100x	as long as short
Aftermath Perps XAGUSD	+0.0208%	1h	65.305	−0.150%	$78K	$37K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0210%	1h	65.290	−0.173%	$65K	$387K	20x	as long as short
Bullet SILVER-USD	+0.0225%	1h	65.320	−0.127%	$44K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.325	−0.119%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0363%	1h	65.282	−0.185%	$1.0M	$873K	25x	as long as short