Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0175%/8h= +19.1% APRpaid last 24h +0.027%

Price spread now: Hibachi against Variational Omni−0.036%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 Hibachi

What this pair did over the last

the charts below follow

Funding, last 4 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 · Hibachi: Active · farm boardneeds both histories

Funding pays, the price is against you. Hibachi is 0.036% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.036% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 17 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XAG	65.578	0.0081	pay 0.0041% / 4h	1h 43m	$5.7M	$9.1M	—
Short	Hibachi XAG/USDT-P	65.554	0.0256	get 0.0032% / 1h	43m 20s	$21K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi 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 HibachibpOrdersPrice spread, now −0.036%Rate

Funding earned: $36.66
Price spread: −0.036% → 0.000%: −$3.63
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: $24.03
Costs to cover: 0.090%
Break-even: 2.4 days

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Hibachi: 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	2.6 bp −$26	doesn't fit	doesn't fit
Sell Hibachi no order-book sample	—	—	—	—	—

Hibachi: 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 exchanges

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	−3.2000%	1h	65.532	−0.071%	$36K	$23K	20x	as long as short
Ondo Perps XAG-USD.P	−0.0002%	1h	65.490	−0.135%	$5.7M	$11.0M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.525	−0.080%	$13K	$8K	5x	as long as short
Gate XAG_USDT	0.0000%	4h	65.620	+0.064%	$138.3M	$204.8M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.610	+0.048%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.630	+0.079%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.630	+0.079%	$1.5M	$252K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.566	−0.018%	$119K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.602	+0.036%	$4.6M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.550	−0.042%	$5.1M	$11.8M	10x	as long as short

Show all 44 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	64.602	−1.489%	$11K	$240	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.590	+0.018%	$789K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.035	+0.696%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.571	−0.011%	$3.8M	$893K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.551	−0.042%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.590	+0.018%	$446K	$1.4M	20x	as long as short
Paradex XAG-USD-PERP	+0.0055%	8h	65.586	+0.012%	$29K	—	5x	as long as short
tradeXYZ xyz:SILVER	+0.0059%	1h	65.576	−0.003%	$174.3M	$94.1M	25x	as long as short
Variational Omni XAGlong	+0.0081%	4h	65.578	long leg	$5.7M	$9.1M	—
Pacifica XAG	+0.0100%	1h	65.542	−0.056%	$466K	$567K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.580	+0.003%	$25.4M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.590	+0.018%	$112K	$19K	50x	as long as short
Kalshi KXSILVERPERP	+0.0100%	24h	65.594	+0.024%	$718K	$38.7M	8.1x	as long as short
Aevo XAG-PERP	+0.0104%	1h	65.591	+0.019%	$47K	—	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	65.690	+0.170%	$1.6M	$1.9M	20x	as long as short
Aster XAGUSDT	+0.0104%	4h	65.600	+0.033%	$2.7M	$1.1M	100x	as long as short
Binance XAGUSDT	+0.0105%	4h	65.608	+0.045%	$191.3M	$864.2M	100x	as long as short
MEXC SILVER_USDT	+0.0106%	4h	65.610	+0.048%	$110.6M	$163.3M	1000x	as long as short
edgeX XAGUSDC	+0.0115%	4h	65.564	−0.021%	$668K	$315K	30x	as long as short
Bybit XAGUSDT	+0.0116%	4h	65.620	+0.064%	$30.6M	$48.2M	150x	as long as short
RISEx XAG/USDC	+0.0116%	1h	65.606	+0.042%	$1.2M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0122%	1h	65.545	−0.051%	$55K	$14K	25x	as long as short
GRVT XAG_USDT_Perp	+0.0130%	4h	65.656	+0.119%	$396K	$1.5M	25x	as long as short
Nado XAG-PERP	+0.0138%	1h	65.571	−0.011%	$1.2M	$3.6M	10x	as long as short
Lighter XAG	+0.0144%	1h	65.601	+0.035%	$5.1M	$11.6M	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0208%	1h	65.600	+0.033%	$77K	$414K	20x	as long as short
Bullet SILVER-USD	+0.0208%	1h	65.616	+0.058%	$45K	$73K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0210%	8h	65.600	+0.033%	$27.9M	$85.6M	50x	as long as short
Aftermath Perps XAGUSD	+0.0224%	1h	65.609	+0.047%	$79K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0238%	4h	65.610	+0.048%	$23.2M	$52.7M	100x	as long as short
Hibachi XAG/USDT-Pshort	+0.0256%	1h	65.554	−0.036%	$21K	$12K	10x
GMX SILVER/USD [ETH-USDC]	L +0.0270% / S −0.0238%	1h	65.615	+0.056%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0349%	4h	65.590	+0.018%	$2.7M	$771K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0548%	1h	65.581	+0.004%	$1.0M	$943K	25x	as long as short