Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.006%

Price spread now: ApeX Omni against BloFin−0.106%7-day average −0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$500.502% of the position

Long on BloFin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.341%+$34 on $10k

Price spread, last 4 days (all we have)+0.026%+$3 · spread now −0.106%, 7d avg −0.026%

Together, before fees+0.367%+$37 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and ApeX Omni is 0.080% cheaper against BloFin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.026%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.341%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XAG-USDT	66.060	0.0196	pay 0.0098% / 4h	3h 04m	$2.6M	$570K	100x
Short	ApeX Omni XAGUSDT	65.990	0.0100	get 0.0013% / 1h	4m 03s	$113K	$30K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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 BloFinbpFee ApeX OmnibpOrdersPrice spread, now −0.106%Rate

Funding earned: −$20.09
Price spread: −0.106% → −0.026%: −$7.97
Slippage, 4 orders: −$28.22
Fee BloFin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$78.28
Costs to cover: 0.502%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; ApeX Omni: live order book, 46 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 BloFin live order book, 4 min ago	0.76 bp	6.8 bp −$7	6.8 bp −$68	6.8 bp −$676	10.8 bp −$5,405
Sell ApeX Omni live order book, 46 min ago	4.55 bp	18.3 bp −$18	51.0 bp −$510	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
Ondo Perps XAG-USD.P	−0.0050%	1h	65.960	−0.151%	$5.7M	$9.2M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.989	−0.108%	$14K	$66	5x	as long as short
SunX XAG-USDT	0.0000%	4h	66.080	+0.030%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.100	+0.061%	$1.1M	$1.0M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.080	+0.030%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.010	−0.075%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.064	+0.005%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.012	−0.073%	$5.2M	$11.5M	10x	as long as short
Hotstuff SILVER-PERP	+0.0032%	1h	66.027	−0.050%	$35K	$21K	20x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.515%	$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	66.060	0.000%	$795K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.491	+0.652%	—	—	25x	as long as short
Gate XAG_USDT	+0.0048%	4h	66.090	+0.045%	$149.9M	$164.5M	100x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.035	−0.038%	$3.9M	$676K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.009	−0.077%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0056%	8h	66.057	−0.004%	$30K	$1K	5x	as long as short
QFEX SILVER-USD	+0.0060%	1h	66.050	−0.015%	$114K	$2.7M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0060%	1h	66.038	−0.033%	$166.3M	$73.9M	25x	as long as short
Phoenix SILVER	+0.0073%	1h	65.995	−0.098%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0074%	24h	66.036	−0.036%	$530K	$26.7M	8.1x	as long as short
RISEx XAG/USDC	+0.0080%	1h	66.076	+0.025%	$1.3M	$4.9M	20x	as long as short
Pacifica XAG	+0.0100%	1h	66.008	−0.078%	$470K	$604K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.040	−0.030%	$24.4M	$4.5M	75x	as long as short
ApeX Omni XAGUSDTshort	+0.0100%	1h	65.990	−0.106%	$113K	$30K	50x
Bybit XAGUSDT	+0.0112%	4h	66.090	+0.045%	$27.8M	$36.5M	150x	as long as short
Lighter XAG	+0.0120%	1h	66.068	+0.012%	$5.2M	$10.9M	25x	as long as short
Aster XAGUSDT	+0.0120%	4h	66.080	+0.030%	$2.7M	$871K	100x	as long as short
Variational Omni XAG	+0.0164%	4h	66.053	−0.010%	$5.7M	$9.5M	—	as long as short
Aevo XAG-PERP	+0.0168%	1h	66.063	+0.004%	$47K	—	10x	as long as short
MEXC SILVER_USDT	+0.0174%	4h	66.070	+0.015%	$115.1M	$152.9M	1000x	as long as short
Binance XAGUSDT	+0.0174%	4h	66.070	+0.015%	$191.0M	$703.3M	100x	as long as short
edgeX XAGUSDC	+0.0182%	4h	66.013	−0.071%	$670K	$311K	30x	as long as short
Nado XAG-PERP	+0.0187%	1h	66.027	−0.050%	$1.4M	$5.8M	10x	as long as short
BloFin XAG-USDTlong	+0.0196%	4h	66.060	long leg	$2.6M	$570K	100x
Aftermath Perps XAGUSD	+0.0198%	1h	66.022	−0.058%	$79K	$36K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0204%	1h	66.050	−0.015%	$75K	$363K	20x	as long as short
GRVT XAG_USDT_Perp	+0.0208%	4h	66.053	−0.011%	$394K	$1.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	65.980	−0.121%	$1.8M	$1.0M	20x	as long as short
OKX XAG-USDT-SWAP	+0.0223%	8h	66.080	+0.030%	$27.8M	$64.6M	50x	as long as short
Bitget XAGUSDT	+0.0228%	4h	66.070	+0.015%	$24.0M	$44.9M	100x	as long as short
Bullet SILVER-USD	+0.0237%	1h	66.080	+0.030%	$44K	$75K	10x	as long as short
Hibachi XAG/USDT-P	+0.0304%	1h	66.020	−0.061%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0387% / S −0.0440%	1h	66.075	+0.023%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0623%	1h	66.045	−0.023%	$911K	$685K	25x	as long as short