Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0056%/8h= +6.1% APRpaid last 24h +0.006%

Price spread now: Binance against ApeX Omni+0.094%59s7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$540.543% of the position

Long on ApeX Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.146%−$15 on $10k

Price spread, last 4 days (all we have)−0.085%−$8 · spread now +0.094%, 7d avg +0.013%

Together, before fees−0.231%−$23 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 Binance is 0.081% dearer against ApeX Omni than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.013%. Mind the row above: over the last 7 days funding on this pair cost −0.146%, so the current rate has only just turned in your favour. The two prices were read 59 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	ApeX Omni XAGUSDT	66.100	0.0100	pay 0.0013% / 1h	44m 31s	$113K	$30K	50x
Short	Binance XAGUSDT	66.162	0.0156	get 0.0078% / 4h	2h 44m	$191.2M	$702.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against ApeX 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 ApeX OmnibpFee BinancebpOrdersPrice spread, now +0.094%Rate

Funding earned: $11.72
Price spread: +0.094% → +0.013%: $8.13
Slippage, 4 orders: −$34.27
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$34.43
Costs to cover: 0.543%
Break-even: 27.6 days

Slippage from ApeX Omni: live order book, 1 min ago; Binance: live order book, 14 min ago.

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 ApeX Omni live order book, 1 min ago	6.05 bp	28.2 bp −$28	63.1 bp −$631	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	0.76 bp	5.8 bp −$6	5.8 bp −$58	8.9 bp −$885	19.8 bp −$9,915

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	−0.0040%	1h	66.050	−0.076%	$5.7M	$9.3M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	66.104	+0.006%	$14K	$66	5x	as long as short
SunX XAG-USDT	0.0000%	4h	66.160	+0.091%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.180	+0.121%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.170	+0.106%	$1.5M	$257K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.109	+0.014%	$121K	—	250x	as long as short
RISEx XAG/USDC	+0.0030%	1h	66.169	+0.105%	$1.3M	$4.9M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	66.151	+0.077%	$4.8M	$9.3M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.107	+0.011%	$5.2M	$11.4M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.454%	$11K	$94K	52x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix SILVER	+0.0036%	1h	66.100	0.000%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	66.160	+0.091%	$796K	$3.0M	40x	as long as short
Gate XAG_USDT	+0.0042%	4h	66.180	+0.121%	$149.9M	$154.0M	100x	as long as short
Vest SI-PERP	+0.0046%	1h	66.585	+0.734%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.121	+0.032%	$3.9M	$676K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.110	+0.015%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.150	+0.076%	$114K	$2.7M	20x	as long as short
Paradex XAG-USD-PERP	+0.0054%	8h	66.143	+0.065%	$30K	$1K	5x	as long as short
Bybit XAGUSDT	+0.0064%	4h	66.170	+0.106%	$27.8M	$36.2M	150x	as long as short
tradeXYZ xyz:SILVER	+0.0064%	1h	66.129	+0.044%	$166.6M	$73.9M	25x	as long as short
Kalshi KXSILVERPERP	+0.0075%	24h	66.116	+0.024%	$519K	$26.7M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	66.109	+0.013%	$471K	$607K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.130	+0.045%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDTlong	+0.0100%	1h	66.100	long leg	$113K	$30K	50x
BloFin XAG-USDT	+0.0102%	4h	66.150	+0.076%	$2.6M	$571K	100x	as long as short
Aster XAGUSDT	+0.0106%	4h	66.160	+0.091%	$2.7M	$873K	100x	as long as short
Lighter XAG	+0.0136%	1h	66.155	+0.083%	$5.3M	$10.6M	25x	as long as short
Variational Omni XAG	+0.0144%	4h	66.123	+0.035%	$5.7M	$9.5M	—	as long as short
Aevo XAG-PERP	+0.0152%	1h	66.158	+0.088%	$47K	—	10x	as long as short
Binance XAGUSDTshort	+0.0156%	4h	66.162	+0.094%	$191.2M	$702.7M	100x
MEXC SILVER_USDT	+0.0156%	4h	66.150	+0.076%	$116.5M	$151.8M	1000x	as long as short
Nado XAG-PERP	+0.0160%	1h	66.121	+0.032%	$1.4M	$5.5M	10x	as long as short
edgeX XAGUSDC	+0.0167%	4h	66.132	+0.049%	$671K	$312K	30x	as long as short
Hotstuff SILVER-PERP	+0.0168%	1h	66.136	+0.054%	$35K	$21K	20x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.980	−0.182%	$1.8M	$1.0M	20x	as long as short
Aftermath Perps XAGUSD	+0.0194%	1h	66.101	+0.001%	$80K	$36K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0196%	4h	66.160	+0.091%	$389K	$1.5M	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0204%	1h	66.150	+0.076%	$74K	$364K	20x	as long as short
Bitget XAGUSDT	+0.0218%	4h	66.160	+0.091%	$24.0M	$44.8M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0218%	8h	66.160	+0.091%	$27.8M	$64.6M	50x	as long as short
Bullet SILVER-USD	+0.0223%	1h	66.166	+0.100%	$43K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0312%	1h	66.112	+0.018%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0388% / S −0.0443%	1h	66.165	+0.098%	$106K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0466%	1h	66.135	+0.053%	$909K	$688K	25x	as long as short