Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h +0.002%

Price spread now: MEXC against ApeX Omni−0.181%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$470.472% of the position

Long on ApeX Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.150%−$15 on $10k

Price spread, last 4 days (all we have)+0.105%+$11 · spread now −0.181%, 7d avg −0.012%

Together, before fees−0.045%−$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.169% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.181% now, against its 7-day average of −0.012%). If the spread goes back, that is −$17 on $10k: about 11 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.150%, 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	66.470	0.0100	pay 0.0013% / 1h	37m 00s	$126K	$23K	50x
Short	MEXC SILVER_USDT	66.350	0.0152	get 0.0076% / 4h	2h 37m	$102.1M	$158.1M	1000x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.181%Rate

Funding earned: $10.92
Price spread: −0.181% → −0.012%: −$16.85
Slippage, 4 orders: −$37.16
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$53.09
Costs to cover: 0.472%
Break-even: 41.0 days

Slippage from ApeX Omni: live order book, 29 min ago; MEXC: 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, 29 min ago	9.02 bp	20.7 bp −$21	59.7 bp −$597	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	0.75 bp	0.8 bp −$1	0.8 bp −$8	0.8 bp −$75	2.9 bp −$1,465

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
dYdX XAG-USD	0.0000%	1h	66.294	−0.264%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.360	−0.165%	$153.3M	$162.2M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.360	−0.165%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.410	−0.090%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.370	−0.150%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.278	−0.288%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.337	−0.201%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.304	−0.249%	$5.4M	$12.4M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.105%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.420	−0.075%	$799K	$2.9M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SI-PERP	+0.0046%	1h	66.810	+0.512%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.413	−0.086%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.314	−0.235%	$3.9M	$669K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.275	−0.293%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.280	−0.286%	$5.7M	$9.5M	25x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.360	−0.165%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0061%	24h	66.336	−0.202%	$562K	$23.2M	8.1x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.375	−0.143%	$1.2M	$4.3M	20x	as long as short
Bybit XAGUSDT	+0.0080%	4h	66.390	−0.120%	$26.4M	$35.9M	150x	as long as short
tradeXYZ xyz:SILVER	+0.0094%	1h	66.334	−0.205%	$165.6M	$76.0M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.328	−0.214%	$472K	$605K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.320	−0.226%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDTlong	+0.0100%	1h	66.470	long leg	$126K	$23K	50x
BloFin XAG-USDT	+0.0103%	4h	66.570	+0.150%	$2.6M	$624K	100x	as long as short
Aster XAGUSDT	+0.0118%	4h	66.339	−0.198%	$2.7M	$967K	100x	as long as short
Paradex XAG-USD-PERP	+0.0123%	8h	66.372	−0.147%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0129%	4h	66.505	+0.052%	$5.5M	$9.8M	—	as long as short
Aevo XAG-PERP	+0.0144%	1h	66.333	−0.206%	$48K	—	10x	as long as short
MEXC SILVER_USDTshort	+0.0152%	4h	66.350	−0.181%	$102.1M	$158.1M	1000x
Binance XAGUSDT	+0.0153%	4h	66.369	−0.152%	$192.6M	$708.2M	100x	as long as short
Lighter XAG	+0.0160%	1h	66.350	−0.181%	$5.3M	$10.5M	25x	as long as short
edgeX XAGUSDC	+0.0166%	4h	66.514	+0.066%	$675K	$314K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.520	+0.075%	$1.9M	$967K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0197%	8h	66.380	−0.135%	$28.0M	$66.0M	50x	as long as short
Aftermath Perps XAGUSD	+0.0221%	1h	66.427	−0.064%	$80K	$38K	10x	as long as short
Hotstuff SILVER-PERP	+0.0224%	1h	66.368	−0.153%	$35K	$21K	20x	as long as short
Bitget XAGUSDT	+0.0226%	4h	66.370	−0.150%	$24.2M	$46.1M	100x	as long as short
Nado XAG-PERP	+0.0229%	1h	66.324	−0.219%	$1.3M	$6.5M	10x	as long as short
GRVT XAG_USDT_Perp	+0.0242%	4h	66.526	+0.084%	$391K	$1.5M	25x	as long as short
Hibachi XAG/USDT-P	+0.0272%	1h	66.473	+0.004%	$20K	$22K	10x	as long as short
Bullet SILVER-USD	+0.0278%	1h	66.353	−0.176%	$45K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0292% / S −0.0281%	1h	66.345	−0.188%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0463%	1h	66.308	−0.244%	$765K	$471K	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0504%	1h	66.340	−0.196%	$50K	$325K	20x	as long as short