Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0086%/8h= −9.4% APRpaid last 24h −0.036%

Price spread now: ApeX Omni against Bitget−0.031%73s7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as 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−$570.574% of the position

Long on Bitget Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.089%+$9 on $10k

Price spread, last 4 days (all we have)+0.028%+$3 · spread now −0.031%, 7d avg −0.017%

Together, before fees+0.117%+$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.017%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.089%, so the current rate has only just turned against you. The two prices were read 73 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	Bitget XAGUSDT	65.430	0.0186	pay 0.0093% / 4h	1h 42m	$23.8M	$46.6M	100x
Short	ApeX Omni XAGUSDT	65.410	0.0100	get 0.0013% / 1h	42m 17s	$112K	$19K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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 BitgetbpFee ApeX OmnibpOrdersPrice spread, now −0.031%Rate

Funding earned: −$18.06
Price spread: −0.031% → −0.017%: −$1.35
Slippage, 4 orders: −$35.43
Fee Bitget: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$76.84
Costs to cover: 0.574%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; ApeX Omni: live order book, 63 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 Bitget live order book, 2 min ago	0.76 bp	6.8 bp −$7	8.5 bp −$85	17.5 bp −$1,745	50.6 bp −$25.3K
Sell ApeX Omni live order book, 63 min ago	6.05 bp	14.5 bp −$15	48.9 bp −$489	doesn't fit	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
Hibachi XAG/USDT-P	−0.0120%	1h	65.374	−0.086%	$20K	$20K	10x	as long as short
Ondo Perps XAG-USD.P	−0.0083%	1h	65.280	−0.229%	$5.6M	$9.7M	25x	as long as short
Hotstuff SILVER-PERP	−0.0024%	1h	65.383	−0.072%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	65.350	−0.122%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.420	−0.015%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.450	+0.031%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.410	−0.031%	$1.5M	$281K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.366	−0.098%	$118K	—	250x	as long as short
Bybit XAGUSDT	+0.0021%	4h	65.430	0.000%	$28.4M	$39.6M	150x	as long as short
Gate XAG_USDT	+0.0026%	4h	65.430	0.000%	$141.4M	$180.9M	100x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XAG	+0.0032%	1h	65.396	−0.052%	$4.6M	$9.8M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.348	−0.126%	$5.1M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.483%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.420	−0.015%	$787K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.829	+0.610%	—	—	25x	as long as short
Aster XAGUSDT	+0.0046%	4h	65.420	−0.015%	$2.7M	$970K	100x	as long as short
QFEX SILVER-USD	+0.0050%	1h	65.400	−0.046%	$152K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.382	−0.073%	$170.2M	$83.8M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.369	−0.093%	$3.8M	$718K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.350	−0.122%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0058%	8h	65.384	−0.071%	$29K	$1K	5x	as long as short
RISEx XAG/USDC	+0.0061%	1h	65.410	−0.031%	$1.3M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0061%	1h	65.384	−0.070%	$56K	$31K	25x	as long as short
Variational Omni XAG	+0.0070%	4h	65.414	−0.025%	$5.5M	$9.4M	—	as long as short
Kalshi KXSILVERPERP	+0.0077%	24h	65.392	−0.058%	$491K	$30.2M	8.1x	as long as short
Binance XAGUSDT	+0.0078%	4h	65.420	−0.016%	$189.8M	$763.5M	100x	as long as short
MEXC SILVER_USDT	+0.0078%	4h	65.400	−0.046%	$115.1M	$157.1M	1000x	as long as short
Aevo XAG-PERP	+0.0088%	1h	65.409	−0.033%	$47K	—	10x	as long as short
Lighter XAG	+0.0088%	1h	65.396	−0.052%	$5.4M	$11.3M	25x	as long as short
edgeX XAGUSDC	+0.0090%	4h	65.433	+0.005%	$666K	$314K	30x	as long as short
Pacifica XAG	+0.0100%	1h	65.342	−0.134%	$467K	$627K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.370	−0.092%	$25.4M	$5.0M	75x	as long as short
ApeX Omni XAGUSDTshort	+0.0100%	1h	65.410	−0.031%	$112K	$19K	50x
Nado XAG-PERP	+0.0109%	1h	65.366	−0.098%	$1.2M	$5.5M	10x	as long as short
GRVT XAG_USDT_Perp	+0.0120%	4h	65.397	−0.050%	$397K	$1.6M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0120%	1h	65.380	−0.076%	$1.6M	$1.4M	20x	as long as short
Bullet SILVER-USD	+0.0152%	1h	65.425	−0.007%	$43K	$77K	10x	as long as short
Bitget XAGUSDTlong	+0.0186%	4h	65.430	long leg	$23.8M	$46.6M	100x
OKX XAG-USDT-SWAP	+0.0190%	8h	65.420	−0.015%	$27.9M	$71.3M	50x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.400	−0.046%	$65K	$373K	20x	as long as short
Aftermath Perps XAGUSD	+0.0211%	1h	65.399	−0.048%	$79K	$37K	10x	as long as short
BloFin XAG-USDT	+0.0317%	4h	65.450	+0.031%	$2.6M	$616K	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0318% / S −0.0301%	1h	65.425	−0.008%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0492%	1h	65.384	−0.070%	$916K	$746K	25x	as long as short