XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0092%/8h= −10.1% APRnext payment −$0.12 per $10,000 · paid last 24h −0.027%

Price spread now: ApeX Omni against Coinbase International−0.030%75s7-day average +0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as 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−$490.490% of the position

Long on Coinbase International Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.044%−$4 on $10k

Price spread, last 3 days (all we have)+0.045%+$5 · spread now −0.030%, 7d avg +0.018%

Together, before fees+0.001%$0 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 0.048% cheaper against Coinbase International than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.018%). Swap the legs. The two prices were read 75 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	Coinbase International SILVER-PERP-INTX	66.350	0.0192	pay 0.0024% / 1h	47m 35s	$1.9M	$972K	20x
Short	ApeX Omni XAGUSDT	66.330	0.0100	get 0.0013% / 1h	47m 35s	$113K	$30K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Coinbase International. 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 Coinbase InternationalbpFee ApeX OmnibpOrdersPrice spread, now −0.030%Rate

Funding earned: −$19.32
Price spread: −0.030% → +0.018%: −$4.8
Slippage, 4 orders: −$29.02
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$73.14
Costs to cover: 0.490%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 1 min ago; ApeX Omni: live order book, 13 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 Coinbase International live order book, 1 min ago	0.75 bp	7.3 bp −$7	8.7 bp −$87	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 13 min ago	10.56 bp	17.3 bp −$17	52.4 bp −$524	doesn't fit	doesn't fit

XAG on 43 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
Hotstuff SILVER-PERP	−0.0008%	1h	66.176	−0.262%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	66.178	−0.259%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.230	−0.181%	$151.1M	$161.8M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.250	−0.151%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.270	−0.121%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.270	−0.121%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.184	−0.251%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.196	−0.232%	$4.8M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.154	−0.296%	$5.3M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.075%	$11K	$94K	52x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAG-USD.P	+0.0036%	1h	66.110	−0.362%	$5.7M	$9.7M	25x	as long as short
StandX XAG-USD	+0.0040%	1h	66.250	−0.151%	$797K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.668	+0.479%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.200	−0.226%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.179	−0.258%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.220	−0.196%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0064%	24h	66.201	−0.225%	$546K	$24.5M	8.1x	as long as short
tradeXYZ xyz:SILVER	+0.0084%	1h	66.181	−0.255%	$165.7M	$74.7M	25x	as long as short
Phoenix SILVER	+0.0084%	1h	66.206	−0.217%	$56K	$26K	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.175	−0.264%	$471K	$607K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.180	−0.256%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDTshort	+0.0100%	1h	66.330	−0.030%	$113K	$30K	50x
Paradex XAG-USD-PERP	+0.0134%	8h	66.210	−0.211%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0137%	4h	66.233	−0.177%	$2.7M	$916K	100x	as long as short
Bybit XAGUSDT	+0.0142%	4h	66.240	−0.166%	$26.7M	$36.1M	150x	as long as short
Lighter XAG	+0.0168%	1h	66.211	−0.210%	$5.3M	$10.4M	25x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.240	−0.166%	$48K	—	10x	as long as short
Variational Omni XAG	+0.0176%	4h	66.242	−0.163%	$5.5M	$9.7M	—	as long as short
RISEx XAG/USDC	+0.0181%	1h	66.220	−0.196%	$1.2M	$4.4M	20x	as long as short
Binance XAGUSDT	+0.0190%	4h	66.220	−0.196%	$191.7M	$706.3M	100x	as long as short
MEXC SILVER_USDT	+0.0190%	4h	66.210	−0.211%	$110.5M	$151.9M	1000x	as long as short
Coinbase International SILVER-PERP-INTXlong	+0.0192%	1h	66.350	long leg	$1.9M	$972K	20x
edgeX XAGUSDC	+0.0201%	4h	66.366	+0.024%	$673K	$314K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0216%	8h	66.210	−0.211%	$27.8M	$65.5M	50x	as long as short
Aftermath Perps XAGUSD	+0.0234%	1h	66.229	−0.182%	$80K	$38K	10x	as long as short
Nado XAG-PERP	+0.0239%	1h	66.188	−0.244%	$1.3M	$6.6M	10x	as long as short
Bitget XAGUSDT	+0.0250%	4h	66.220	−0.196%	$23.9M	$46.1M	100x	as long as short
Hibachi XAG/USDT-P	+0.0264%	1h	66.160	−0.287%	$20K	$22K	10x	as long as short
Bullet SILVER-USD	+0.0264%	1h	66.246	−0.157%	$46K	$75K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0278%	4h	66.277	−0.110%	$400K	$1.5M	25x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0332% / S −0.0343%	1h	66.245	−0.158%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0354%	1h	66.230	−0.181%	$50K	$326K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0550%	1h	66.196	−0.232%	$763K	$475K	25x	as long as short