Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0058%/8h= −6.4% APRpaid last 24h −0.027%

Price spread now: Gate against ApeX Omni+0.152%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$540.535% of the position

Long on ApeX Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.168%−$17 on $10k

Price spread, last 4 days (all we have)−0.163%−$16 · spread now +0.152%, 7d avg +0.016%

Together, before fees−0.331%−$33 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.135% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.152% now, against its 7-day average of +0.016%): +$14 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 7.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni XAGUSDT	65.960	0.0100	pay 0.0013% / 1h	6m 59s	$113K	$30K	50x
Short	Gate XAG_USDT	66.060	0.0042	get 0.0021% / 4h	3h 06m	$149.8M	$164.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.152%Rate

Funding earned: −$12.18
Price spread: +0.152% → +0.016%: $13.52
Slippage, 4 orders: −$28.51
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$52.17
Costs to cover: 0.535%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 44 min ago; Gate: live order book, 2 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, 44 min ago	4.55 bp	18.4 bp −$18	66.9 bp −$669	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	0.76 bp	8.5 bp −$9	9.7 bp −$97	11.8 bp −$1,180	14.7 bp −$7,336

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	−0.0054%	1h	65.940	−0.030%	$5.7M	$9.2M	25x	as long as short
Hotstuff SILVER-PERP	−0.0016%	1h	66.012	+0.079%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	65.989	+0.043%	$14K	$66	5x	as long as short
SunX XAG-USDT	0.0000%	4h	66.070	+0.167%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.080	+0.182%	$1.0M	$949K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.050	+0.136%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.982	+0.034%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.035	+0.113%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.985	+0.037%	$5.2M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.667%	$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
StandX XAG-USD	+0.0040%	1h	66.020	+0.091%	$794K	$3.0M	40x	as long as short
Gate XAG_USDTshort	+0.0042%	4h	66.060	+0.152%	$149.8M	$164.4M	100x
Vest SI-PERP	+0.0046%	1h	66.463	+0.763%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.014	+0.082%	$3.9M	$676K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.984	+0.036%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0055%	8h	66.030	+0.106%	$30K	$1K	5x	as long as short
tradeXYZ xyz:SILVER	+0.0060%	1h	66.007	+0.071%	$166.3M	$73.8M	25x	as long as short
QFEX SILVER-USD	+0.0060%	1h	66.030	+0.106%	$114K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0073%	1h	65.977	+0.026%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0073%	24h	66.003	+0.065%	$537K	$26.5M	8.1x	as long as short
RISEx XAG/USDC	+0.0080%	1h	66.051	+0.137%	$1.3M	$4.9M	20x	as long as short
Bybit XAGUSDT	+0.0096%	4h	66.070	+0.167%	$27.8M	$36.5M	150x	as long as short
Pacifica XAG	+0.0100%	1h	65.984	+0.037%	$469K	$604K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.020	+0.091%	$24.4M	$4.5M	75x	as long as short
ApeX Omni XAGUSDTlong	+0.0100%	1h	65.960	long leg	$113K	$30K	50x
Lighter XAG	+0.0120%	1h	66.042	+0.124%	$5.2M	$10.9M	25x	as long as short
Aster XAGUSDT	+0.0120%	4h	66.050	+0.136%	$2.7M	$866K	100x	as long as short
Variational Omni XAG	+0.0163%	4h	66.003	+0.065%	$5.6M	$9.5M	—	as long as short
Aevo XAG-PERP	+0.0168%	1h	66.036	+0.115%	$47K	—	10x	as long as short
Binance XAGUSDT	+0.0175%	4h	66.055	+0.144%	$190.9M	$702.9M	100x	as long as short
MEXC SILVER_USDT	+0.0176%	4h	66.050	+0.136%	$114.5M	$152.8M	1000x	as long as short
edgeX XAGUSDC	+0.0182%	4h	66.013	+0.080%	$670K	$311K	30x	as long as short
Nado XAG-PERP	+0.0185%	1h	66.003	+0.065%	$1.4M	$5.8M	10x	as long as short
Aftermath Perps XAGUSD	+0.0197%	1h	66.013	+0.080%	$79K	$36K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0205%	1h	66.030	+0.106%	$75K	$363K	20x	as long as short
GRVT XAG_USDT_Perp	+0.0206%	4h	66.028	+0.102%	$394K	$1.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	65.980	+0.030%	$1.8M	$1.0M	20x	as long as short
BloFin XAG-USDT	+0.0224%	4h	66.030	+0.106%	$2.6M	$569K	100x	as long as short
OKX XAG-USDT-SWAP	+0.0224%	8h	66.050	+0.136%	$27.7M	$64.6M	50x	as long as short
Bitget XAGUSDT	+0.0228%	4h	66.050	+0.136%	$23.9M	$44.9M	100x	as long as short
Bullet SILVER-USD	+0.0235%	1h	66.052	+0.139%	$44K	$75K	10x	as long as short
Hibachi XAG/USDT-P	+0.0304%	1h	65.980	+0.030%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0388% / S −0.0440%	1h	66.055	+0.144%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0624%	1h	66.023	+0.095%	$911K	$685K	25x	as long as short