data as of
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Price arb /

XAG

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Spread before costs (cost unknown: a leg has no order-book sample)−0.004%
7d average−0.019%if it closes, per $10,000$0funding while held, a day+$0.71
Long on BybitShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit XAGUSDT66.3800get 0.0000% / 4h3h 41m$24.5M$36.5M150x
ShortVariational Omni XAG66.3770.0024get 0.0012% / 4h3h 41m$5.8M$12.8M—

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$0.4
Funding while held
$0.71
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$10.69
Spread needed to break even
0.110%
Slippage unknown: Bybit: live order book, 4 min ago; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0024%
Per $10,000 a day
+$0.71
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 4 min ago0.75 bp6.3 bp −$69.0 bp −$9015.7 bp −$1,56762.4 bp −$31.2K
Sell Variational Omni RFQ quote, 4 min ago2.56 bpdoesn't fit2.6 bp −$265.0 bp −$501doesn't fit

XAG price on every exchange

against the cheapest. Click to use as the short leg.
Ondo Perps66.250cheapestdYdX66.305+0.083%Nado66.307+0.086%Pacifica66.310+0.091%Phoenix66.314+0.097%Hotstuff66.317+0.101%Kalshi66.323+0.110%tradeXYZ66.325+0.113%Hibachi66.325+0.114%SoDEX66.330+0.121%gTrade (Gains Network)66.331+0.122%Extended66.335+0.128%ApeX Omni66.340+0.136%Aftermath Perps66.345+0.143%KuCoin66.350+0.151%StandX66.350+0.151%Polymarket Perps66.350+0.151%BloFin66.350+0.151%Paradex66.350+0.151%RISEx66.351+0.153%Kraken Futures66.352+0.154%OKX66.360+0.166%Aster66.370+0.181%Binance66.370+0.181%Gate66.370+0.181%Coinbase International66.370+0.181%edgeX66.370+0.181%Lighter RH66.371+0.183%
Variational Omni66.377+0.192%
Lighter66.378+0.193%
Bybit66.380+0.196%
MEXC66.380+0.196%Deribit66.380+0.196%Phemex66.380+0.196%Bullet66.383+0.201%GMX66.385+0.204%Aevo66.387+0.207%QFEX66.390+0.211%Bitget66.390+0.211%SunX66.390+0.211%Injective66.400+0.226%HTX66.400+0.226%Vest66.830+0.875%

XAG on 43 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Ondo Perps XAG-USD.P−0.196%−0.0019%1h$6.1M$8.2M25xas long as short
dYdX XAG-USD−0.113%0.0000%1h$15K$9975xas long as short
Nado XAG-PERP−0.110%+0.0071%1h$1.3M$6.2M10xas long as short
Pacifica XAG−0.105%+0.0100%1h$478K$694K10xas long as short
Phoenix SILVER−0.099%−0.0012%1h$56K$26K25xas long as short
Hotstuff SILVER-PERP−0.095%+0.0112%1h$31K$13K20xas long as short
Kalshi KXSILVERPERP−0.086%0.0000%24h$701K$20.5M8.1xas long as short
tradeXYZ xyz:SILVER−0.083%+0.0050%1h$160.0M$91.7M25xas long as short
Hibachi XAG/USDT-P−0.082%−0.0008%1h$20K$21K10xas long as short
SoDEX SILVER-USD−0.075%+0.0050%1h$4K$5K20xas long as short
Show all 43 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
gTrade (Gains Network) XAG/USD−0.074%L +0.0004% / S −0.0006%1h$120K—250xas long as short
Extended XAG-USD−0.068%+0.0040%1h$4.7M$14.3M10xas long as short
ApeX Omni XAGUSDT−0.060%+0.0100%1h$113K$189K50xas long as short
Aftermath Perps XAGUSD−0.053%+0.0114%1h$80K$39K10xas long as short
KuCoin XAGUSDTM−0.045%+0.0100%4h$23.1M$3.8M75xas long as short
StandX XAG-USD−0.045%+0.0040%1h$703K$1.9M40xas long as short
Polymarket Perps SILVER-USD−0.045%+0.0050%1h$3.7M$257K20xas long as short
BloFin XAG-USDT−0.045%+0.0062%4h$2.7M$1.6M100xas long as short
Paradex XAG-USD-PERP−0.045%+0.0055%8h$30K$1K5xas long as short
RISEx XAG/USDC−0.043%0.0000%1h$1.4M$3.5M20xas long as short
Kraken Futures PF_XAGUSD−0.043%+0.0287%1h$785K$646K25xas long as short
OKX XAG-USDT-SWAP−0.030%+0.0114%8h$27.9M$65.1M50xas long as short
Aster XAGUSDT−0.015%+0.0013%4h$2.8M$1.3M100xas long as short
Binance XAGUSDT−0.015%+0.0031%4h$190.5M$773.4M100xas long as short
Gate XAG_USDT−0.015%0.0000%4h$135.0M$189.3M100xas long as short
Coinbase International SILVER-PERP-INTX−0.015%+0.0200%1h$1.8M$1.2M20xas long as short
edgeX XAGUSDC−0.015%+0.0040%4h$670K$317K30xas long as short
Lighter RH XAG−0.013%+0.0032%1h$4.7M$8.7M25xas long as short
Variational Omni XAGshort−0.004%+0.0024%4h$5.8M$12.8M—
Lighter XAG−0.003%+0.0088%1h$5.5M$10.3M25xas long as short
Bybit XAGUSDTlong0.000%0.0000%4h$24.5M$36.5M150x
MEXC SILVER_USDT0.000%+0.0030%4h$114.8M$183.0M1000xas long as short
Deribit SILVER_USDC-PERPETUAL0.000%+0.0202%1h$88K$617K20xas long as short
Phemex XAGUSDT0.000%0.0000%4h$1.5M$250K100xas long as short
Bullet SILVER-USD+0.005%+0.0125%1h$45K$76K10xas long as short
GMX SILVER/USD [ETH-USDC]+0.008%L +0.0229% / S −0.0213%1h$85K—111xas long as short
Aevo XAG-PERP+0.011%+0.0048%1h$48K—10xas long as short
QFEX SILVER-USD+0.015%+0.0034%1h$147K$2.8M20xas long as short
Bitget XAGUSDT+0.015%+0.0164%4h$23.1M$48.7M100xas long as short
SunX XAG-USDT+0.015%0.0000%4h$2K$3.6M20xas long as short
Injective XAG/USDC PERP+0.030%+0.0033%1h$11K$94K52xas long as short
HTX XAG-USDT+0.030%0.0000%4h$1.0M$1.1M75xas long as short
Vest SI-PERP+0.678%+0.0046%1h——25xas long as short