Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.027%

Price spread now: ApeX Omni against Gate−0.045%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$530.534% of the position

Long on Gate Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.168%+$17 on $10k

Price spread, last 4 days (all we have)+0.057%+$6 · spread now −0.045%, 7d avg −0.016%

Together, before fees+0.225%+$23 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.029% cheaper against Gate than usual: you would sell low and buy high (spread −0.045% now, against its 7-day average of −0.016%). If the spread goes back, that is −$3 on $10k: about 23 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XAG_USDT	65.990	0	get 0.0000% / 4h	3h 42m	$149.5M	$163.4M	100x
Short	ApeX Omni XAGUSDT	65.960	0.0100	get 0.0013% / 1h	42m 54s	$113K	$30K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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 GatebpFee ApeX OmnibpOrdersPrice spread, now −0.045%Rate

Funding earned: $21
Price spread: −0.045% → −0.016%: −$2.91
Slippage, 4 orders: −$28.38
Fee Gate: 7.5 bp × 2 orders: −$15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$35.29
Costs to cover: 0.534%
Break-even: 18.8 days

Slippage from Gate: live order book, 1 min ago; ApeX Omni: live order book, 8 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 Gate live order book, 1 min ago	0.76 bp	8.3 bp −$8	9.4 bp −$94	12.0 bp −$1,204	14.6 bp −$7,320
Sell ApeX Omni live order book, 8 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	−0.0046%	1h	65.850	−0.212%	$5.7M	$9.3M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.934	−0.085%	$14K	—	5x	as long as short
Gate XAG_USDTlong	0.0000%	4h	65.990	long leg	$149.5M	$163.4M	100x
SunX XAG-USDT	0.0000%	4h	65.960	−0.045%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.000	+0.015%	$1.0M	$967K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.990	0.000%	$1.5M	$320K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.921	−0.104%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.966	−0.037%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.898	−0.140%	$5.1M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.621%	$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	65.990	0.000%	$794K	$3.1M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.404	+0.627%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.937	−0.080%	$3.9M	$674K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.915	−0.114%	$3K	$6K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.916	−0.112%	$165.8M	$73.6M	25x	as long as short
Hotstuff SILVER-PERP	+0.0056%	1h	65.984	−0.009%	$35K	$21K	20x	as long as short
QFEX SILVER-USD	+0.0060%	1h	65.950	−0.061%	$114K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0072%	24h	65.927	−0.095%	$539K	$25.9M	8.1x	as long as short
Phoenix SILVER	+0.0073%	1h	65.967	−0.035%	$56K	$26K	25x	as long as short
RISEx XAG/USDC	+0.0080%	1h	65.963	−0.041%	$1.3M	$4.9M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.906	−0.127%	$469K	$614K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.930	−0.091%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDTshort	+0.0100%	1h	65.960	−0.045%	$113K	$30K	50x
Lighter XAG	+0.0112%	1h	65.970	−0.030%	$5.2M	$10.6M	25x	as long as short
Paradex XAG-USD-PERP	+0.0121%	8h	65.959	−0.047%	$30K	$1K	5x	as long as short
Bybit XAGUSDT	+0.0128%	4h	65.990	0.000%	$27.4M	$36.5M	150x	as long as short
Aster XAGUSDT	+0.0138%	4h	65.967	−0.035%	$2.7M	$871K	100x	as long as short
Nado XAG-PERP	+0.0175%	1h	65.918	−0.110%	$1.4M	$6.1M	10x	as long as short
Aevo XAG-PERP	+0.0192%	1h	65.968	−0.033%	$47K	—	10x	as long as short
Variational Omni XAG	+0.0195%	4h	66.003	+0.020%	$5.6M	$9.4M	—	as long as short
BloFin XAG-USDT	+0.0196%	4h	66.000	+0.015%	$2.6M	$556K	100x	as long as short
MEXC SILVER_USDT	+0.0204%	4h	65.960	−0.045%	$112.8M	$152.1M	1000x	as long as short
Binance XAGUSDT	+0.0204%	4h	65.975	−0.023%	$191.0M	$702.8M	100x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0205%	1h	65.960	−0.045%	$75K	$363K	20x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	65.950	−0.061%	$1.8M	$1.0M	20x	as long as short
edgeX XAGUSDC	+0.0215%	4h	66.014	+0.036%	$670K	$312K	30x	as long as short
Aftermath Perps XAGUSD	+0.0215%	1h	65.967	−0.035%	$79K	$36K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0218%	4h	66.022	+0.048%	$394K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0234%	1h	65.995	+0.008%	$44K	$76K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0234%	8h	65.980	−0.015%	$27.6M	$64.7M	50x	as long as short
Bitget XAGUSDT	+0.0244%	4h	65.960	−0.045%	$23.9M	$45.3M	100x	as long as short
Hibachi XAG/USDT-P	+0.0344%	1h	65.926	−0.098%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0387% / S −0.0440%	1h	65.985	−0.008%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0624%	1h	65.946	−0.067%	$910K	$683K	25x	as long as short