Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0064%/8h= +7.1% APRpaid last 24h +0.013%

Price spread now: Variational Omni against Extended+0.278%7-day average +0.067% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Extended Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.014%−$1 on $10k

Price spread, last 7 days−0.246%−$25 · spread now +0.278%, 7d avg +0.067%

Together, before fees−0.261%+ Points / potential airdropExtended: Active · Variational Omni: Active · farm board−$26 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Variational Omni is 0.211% dearer against Extended than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.067%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XAG-USD	65.452	0.0032	pay 0.0004% / 1h	53m 25s	$5.1M	$11.6M	10x
Short	Variational Omni XAG	65.634	0.0096	get 0.0048% / 4h	1h 53m	$5.5M	$9.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Extended. 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 ExtendedbpFee Variational OmnibpOrdersPrice spread, now +0.278%Rate

Funding earned: $13.54
Price spread: +0.278% → +0.067%: $21.08
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $29.62
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Extended: live order book, 6 min ago; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.

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 Extended live order book, 6 min ago	0.53 bp	3.0 bp −$3	4.5 bp −$45	12.0 bp −$1,196	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	2.58 bp	doesn't fit	2.6 bp −$26	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	−0.0112%	1h	65.457	+0.009%	$20K	$19K	10x	as long as short
Hotstuff SILVER-PERP	−0.0104%	1h	65.474	+0.034%	$35K	$21K	20x	as long as short
Ondo Perps XAG-USD.P	−0.0024%	1h	65.400	−0.079%	$5.6M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.471	+0.029%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.530	+0.120%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.540	+0.135%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.520	+0.104%	$1.5M	$280K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.436	−0.024%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0030%	4h	65.540	+0.135%	$143.9M	$176.8M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.493	+0.064%	$4.7M	$9.5M	25x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XAG-USDlong	+0.0032%	1h	65.452	long leg	$5.1M	$11.6M	10x
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.449%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.480	+0.043%	$788K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.919	+0.714%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0050%	1h	65.510	+0.089%	$152K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.465	+0.020%	$170.6M	$82.8M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.463	+0.017%	$3.9M	$712K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.450	−0.002%	$3K	$6K	20x	as long as short
Aster XAGUSDT	+0.0056%	4h	65.502	+0.076%	$2.7M	$955K	100x	as long as short
Paradex XAG-USD-PERP	+0.0060%	8h	65.493	+0.063%	$29K	$1K	5x	as long as short
RISEx XAG/USDC	+0.0061%	1h	65.526	+0.113%	$1.2M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0061%	1h	65.561	+0.167%	$56K	$31K	25x	as long as short
Bybit XAGUSDT	+0.0063%	4h	65.530	+0.120%	$28.7M	$39.4M	150x	as long as short
Kalshi KXSILVERPERP	+0.0077%	24h	65.509	+0.088%	$468K	$29.2M	8.1x	as long as short
Lighter XAG	+0.0096%	1h	65.502	+0.078%	$5.4M	$11.2M	25x	as long as short
Variational Omni XAGshort	+0.0096%	4h	65.634	+0.278%	$5.5M	$9.4M	—
MEXC SILVER_USDT	+0.0098%	4h	65.500	+0.074%	$113.7M	$156.3M	1000x	as long as short
Binance XAGUSDT	+0.0099%	4h	65.505	+0.081%	$188.4M	$747.5M	100x	as long as short
Pacifica XAG	+0.0100%	1h	65.450	−0.002%	$468K	$629K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.470	+0.028%	$24.6M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.610	+0.242%	$112K	$19K	50x	as long as short
Aevo XAG-PERP	+0.0104%	1h	65.498	+0.071%	$47K	—	10x	as long as short
Nado XAG-PERP	+0.0112%	1h	65.448	−0.006%	$1.2M	$5.5M	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0120%	1h	65.450	−0.002%	$1.6M	$1.3M	20x	as long as short
edgeX XAGUSDC	+0.0120%	4h	65.615	+0.250%	$668K	$312K	30x	as long as short
GRVT XAG_USDT_Perp	+0.0142%	4h	65.554	+0.157%	$395K	$1.6M	25x	as long as short
Bullet SILVER-USD	+0.0173%	1h	65.503	+0.078%	$44K	$76K	10x	as long as short
Bitget XAGUSDT	+0.0196%	4h	65.500	+0.074%	$23.8M	$46.3M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0202%	8h	65.510	+0.089%	$27.8M	$70.5M	50x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0208%	1h	65.500	+0.074%	$66K	$370K	20x	as long as short
Aftermath Perps XAGUSD	+0.0212%	1h	65.532	+0.123%	$79K	$37K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0321% / S −0.0301%	1h	65.515	+0.097%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0342%	4h	65.610	+0.242%	$2.6M	$619K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0492%	1h	65.466	+0.021%	$916K	$738K	25x	as long as short