Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: HTX against ApeX Omni+0.152%7-day average +0.067% · you sell dearer than you buy

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$530.533% of the position

Long on ApeX Omni Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.210%−$21 on $10k

Price spread, last 4 days (all we have)−0.066%−$7 · spread now +0.152%, 7d avg +0.067%

Together, before fees−0.276%−$28 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.085% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.152% now, against its 7-day average of +0.067%): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni XAGUSDT	65.920	0.0100	pay 0.0013% / 1h	38m 38s	$113K	$30K	50x
Short	HTX XAG-USDT	66.020	0	get 0.0000% / 4h	3h 38m	$1.0M	$966K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.152%Rate

Funding earned: −$21
Price spread: +0.152% → +0.067%: $8.5
Slippage, 4 orders: −$31.25
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$65.75
Costs to cover: 0.533%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 12 min ago; HTX: 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, 12 min ago	4.55 bp	18.4 bp −$18	66.9 bp −$669	doesn't fit	doesn't fit
Sell HTX live order book, 5 min ago	2.27 bp	8.3 bp −$8	12.3 bp −$123	18.4 bp −$1,844	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
Ondo Perps XAG-USD.P	−0.0045%	1h	65.880	−0.061%	$5.7M	$9.3M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.934	+0.021%	$14K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	65.990	+0.106%	$149.5M	$163.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.990	+0.106%	$2K	$2.6M	20x	as long as short
HTX XAG-USDTshort	0.0000%	4h	66.020	+0.152%	$1.0M	$966K	75x
Phemex XAGUSDT	0.0000%	4h	65.990	+0.106%	$1.5M	$320K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.930	+0.015%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.966	+0.071%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.920	0.000%	$5.1M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.728%	$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	65.970	+0.076%	$793K	$3.1M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.408	+0.740%	—	—	25x	as long as short
Hotstuff SILVER-PERP	+0.0048%	1h	65.947	+0.041%	$35K	$21K	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.958	+0.058%	$3.9M	$674K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.931	+0.017%	$3K	$6K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.945	+0.038%	$166.0M	$73.5M	25x	as long as short
QFEX SILVER-USD	+0.0060%	1h	65.970	+0.076%	$114K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0072%	24h	65.954	+0.052%	$540K	$25.9M	8.1x	as long as short
Phoenix SILVER	+0.0073%	1h	65.889	−0.047%	$56K	$26K	25x	as long as short
RISEx XAG/USDC	+0.0080%	1h	65.982	+0.094%	$1.3M	$4.9M	20x	as long as short
Bybit XAGUSDT	+0.0097%	4h	66.000	+0.121%	$27.4M	$36.4M	150x	as long as short
Pacifica XAG	+0.0100%	1h	65.921	+0.002%	$469K	$612K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.950	+0.046%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDTlong	+0.0100%	1h	65.920	long leg	$113K	$30K	50x
Lighter XAG	+0.0112%	1h	65.969	+0.075%	$5.2M	$10.6M	25x	as long as short
Paradex XAG-USD-PERP	+0.0114%	8h	65.971	+0.077%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0137%	4h	65.970	+0.076%	$2.7M	$871K	100x	as long as short
Nado XAG-PERP	+0.0181%	1h	65.953	+0.050%	$1.4M	$6.0M	10x	as long as short
Aevo XAG-PERP	+0.0184%	1h	65.978	+0.088%	$47K	—	10x	as long as short
Variational Omni XAG	+0.0188%	4h	65.963	+0.066%	$5.6M	$9.4M	—	as long as short
MEXC SILVER_USDT	+0.0200%	4h	65.980	+0.091%	$112.8M	$152.1M	1000x	as long as short
Binance XAGUSDT	+0.0201%	4h	65.985	+0.098%	$191.0M	$702.8M	100x	as long as short
BloFin XAG-USDT	+0.0204%	4h	66.000	+0.121%	$2.6M	$556K	100x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0205%	1h	65.970	+0.076%	$75K	$363K	20x	as long as short
GRVT XAG_USDT_Perp	+0.0206%	4h	65.973	+0.080%	$394K	$1.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	65.950	+0.046%	$1.8M	$1.0M	20x	as long as short
Aftermath Perps XAGUSD	+0.0213%	1h	65.945	+0.038%	$79K	$36K	10x	as long as short
edgeX XAGUSDC	+0.0213%	4h	65.953	+0.050%	$669K	$310K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0233%	8h	65.980	+0.091%	$27.7M	$64.7M	50x	as long as short
Bullet SILVER-USD	+0.0234%	1h	65.996	+0.115%	$45K	$76K	10x	as long as short
Bitget XAGUSDT	+0.0240%	4h	65.980	+0.091%	$23.9M	$45.3M	100x	as long as short
Hibachi XAG/USDT-P	+0.0328%	1h	65.930	+0.015%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0387% / S −0.0440%	1h	65.995	+0.114%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0624%	1h	65.958	+0.058%	$910K	$683K	25x	as long as short