Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.031%

Price spread now: Bitget against ApeX Omni+0.030%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$550.549% of the position

Long on ApeX Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.087%−$9 on $10k

Price spread, last 4 days (all we have)−0.030%−$3 · spread now +0.030%, 7d avg +0.021%

Together, before fees−0.118%−$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.021%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.087%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni XAGUSDT	65.740	0.0100	pay 0.0013% / 1h	1m 37s	$112K	$19K	50x
Short	Bitget XAGUSDT	65.760	0.0220	get 0.0110% / 4h	1h 01m	$23.1M	$53.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.030%Rate

Funding earned: $25.2
Price spread: +0.030% → +0.021%: $0.96
Slippage, 4 orders: −$32.92
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$28.76
Costs to cover: 0.549%
Break-even: 15.0 days

Slippage from ApeX Omni: live order book, 42 min ago; Bitget: live order book, 5 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, 42 min ago	7.63 bp	22.1 bp −$22	66.4 bp −$664	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	0.76 bp	6.8 bp −$7	8.1 bp −$81	16.1 bp −$1,612	50.8 bp −$25.4K

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	65.748	+0.012%	$39K	$26K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	65.706	−0.052%	$13K	$8K	5x	as long as short
Gate XAG_USDT	0.0000%	4h	65.760	+0.030%	$137.1M	$207.8M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.770	+0.046%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.800	+0.091%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.760	+0.030%	$1.5M	$257K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.697	−0.065%	$119K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.763	+0.034%	$4.6M	$9.9M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.698	−0.064%	$5.1M	$11.9M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	64.602	−1.731%	$11K	$240	52x	as long as short

Show all 44 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	65.790	+0.076%	$791K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.208	+0.712%	—	—	25x	as long as short
Bybit XAGUSDT	+0.0047%	4h	65.760	+0.030%	$30.4M	$48.3M	150x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.747	+0.011%	$3.8M	$905K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.698	−0.064%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	65.660	−0.122%	$5.7M	$11.2M	25x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.730	−0.015%	$447K	$1.4M	20x	as long as short
Paradex XAG-USD-PERP	+0.0053%	8h	65.739	−0.002%	$29K	—	5x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0054%	1h	65.730	−0.015%	$77K	$412K	20x	as long as short
Variational Omni XAG	+0.0064%	4h	65.778	+0.057%	$5.6M	$9.0M	—	as long as short
Aster XAGUSDT	+0.0079%	4h	65.757	+0.027%	$2.7M	$1.2M	100x	as long as short
Binance XAGUSDT	+0.0083%	4h	65.750	+0.015%	$191.2M	$865.2M	100x	as long as short
MEXC SILVER_USDT	+0.0084%	4h	65.750	+0.015%	$117.9M	$167.0M	1000x	as long as short
tradeXYZ xyz:SILVER	+0.0086%	1h	65.725	−0.023%	$176.0M	$92.9M	25x	as long as short
Aevo XAG-PERP	+0.0088%	1h	65.751	+0.016%	$47K	—	10x	as long as short
Pacifica XAG	+0.0100%	1h	65.709	−0.047%	$465K	$523K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.720	−0.030%	$25.4M	$4.4M	75x	as long as short
ApeX Omni XAGUSDTlong	+0.0100%	1h	65.740	long leg	$112K	$19K	50x
edgeX XAGUSDC	+0.0102%	4h	65.789	+0.074%	$671K	$315K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	65.620	−0.183%	$1.6M	$1.9M	20x	as long as short
Kalshi KXSILVERPERP	+0.0106%	24h	65.761	+0.032%	$779K	$39.2M	8.1x	as long as short
GRVT XAG_USDT_Perp	+0.0108%	4h	65.784	+0.067%	$391K	$1.6M	25x	as long as short
RISEx XAG/USDC	+0.0116%	1h	65.753	+0.020%	$1.3M	$5.4M	20x	as long as short
Nado XAG-PERP	+0.0118%	1h	65.736	−0.007%	$1.2M	$3.4M	10x	as long as short
Phoenix SILVER	+0.0122%	1h	65.787	+0.071%	$55K	$14K	25x	as long as short
Lighter XAG	+0.0144%	1h	65.756	+0.025%	$5.3M	$12.1M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0183%	8h	65.760	+0.030%	$28.0M	$86.2M	50x	as long as short
Bitget XAGUSDTshort	+0.0220%	4h	65.760	+0.030%	$23.1M	$53.0M	100x
Aftermath Perps XAGUSD	+0.0222%	1h	65.741	+0.002%	$79K	$37K	10x	as long as short
Hibachi XAG/USDT-P	+0.0224%	1h	65.743	+0.004%	$21K	$12K	10x	as long as short
Bullet SILVER-USD	+0.0228%	1h	65.773	+0.050%	$45K	$73K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0280% / S −0.0251%	1h	65.755	+0.023%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0328%	4h	65.790	+0.076%	$2.7M	$783K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0547%	1h	65.732	−0.012%	$1.0M	$947K	25x	as long as short