Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against KuCoin−0.030%7-day average +0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$530.527% of the position

Long on KuCoin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.081%+$8 on $10k

Price spread, last 4 days (all we have)+0.090%+$9 · spread now −0.030%, 7d avg +0.047%

Together, before fees+0.171%+$17 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.077% cheaper against KuCoin than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XAGUSDTM	66.340	0.0100	pay 0.0050% / 4h	1h 22m	$24.5M	$4.5M	75x
Short	ApeX Omni XAGUSDT	66.320	0.0100	get 0.0013% / 1h	22m 53s	$113K	$30K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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 KuCoinbpFee ApeX OmnibpOrdersPrice spread, now −0.030%Rate

Funding earned: $0
Price spread: −0.030% → +0.047%: −$7.69
Slippage, 4 orders: −$30.71
Fee KuCoin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$60.4
Costs to cover: 0.527%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; ApeX Omni: live order book, 38 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 KuCoin live order book, 6 min ago	0.75 bp	8.5 bp −$9	18.9 bp −$189	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 38 min ago	10.56 bp	17.3 bp −$17	52.4 bp −$524	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
dYdX XAG-USD	0.0000%	1h	66.272	−0.103%	$15K	—	5x	as long as short
Hotstuff SILVER-PERP	0.0000%	1h	66.318	−0.033%	$35K	$21K	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.410	+0.106%	$150.4M	$164.3M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.370	+0.045%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.370	+0.045%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.380	+0.060%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.290	−0.076%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.379	+0.059%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.321	−0.029%	$5.3M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.090%	$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	66.340	0.000%	$798K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.784	+0.669%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.307	−0.050%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.295	−0.068%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.220	−0.181%	$5.7M	$9.8M	25x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.330	−0.015%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0065%	24h	66.314	−0.039%	$536K	$24.6M	8.1x	as long as short
Phoenix SILVER	+0.0084%	1h	66.308	−0.048%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0097%	1h	66.357	+0.026%	$166.2M	$73.5M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.292	−0.072%	$472K	$610K	10x	as long as short
KuCoin XAGUSDTMlong	+0.0100%	4h	66.340	long leg	$24.5M	$4.5M	75x
ApeX Omni XAGUSDTshort	+0.0100%	1h	66.320	−0.030%	$113K	$30K	50x
Paradex XAG-USD-PERP	+0.0133%	8h	66.335	−0.008%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0135%	4h	66.390	+0.075%	$2.7M	$877K	100x	as long as short
Bybit XAGUSDT	+0.0154%	4h	66.410	+0.106%	$26.9M	$36.1M	150x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.357	+0.025%	$48K	—	10x	as long as short
BloFin XAG-USDT	+0.0181%	4h	66.340	0.000%	$2.6M	$553K	100x	as long as short
RISEx XAG/USDC	+0.0181%	1h	66.343	+0.005%	$1.3M	$4.5M	20x	as long as short
Variational Omni XAG	+0.0184%	4h	66.321	−0.028%	$5.6M	$9.8M	—	as long as short
Lighter XAG	+0.0192%	1h	66.388	+0.073%	$5.3M	$10.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.350	+0.015%	$1.9M	$995K	20x	as long as short
Binance XAGUSDT	+0.0196%	4h	66.399	+0.089%	$192.3M	$705.0M	100x	as long as short
MEXC SILVER_USDT	+0.0196%	4h	66.390	+0.075%	$105.9M	$153.7M	1000x	as long as short
Nado XAG-PERP	+0.0212%	1h	66.293	−0.070%	$1.3M	$6.6M	10x	as long as short
edgeX XAGUSDC	+0.0215%	4h	66.339	−0.001%	$673K	$314K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0217%	8h	66.380	+0.060%	$27.8M	$65.9M	50x	as long as short
Aftermath Perps XAGUSD	+0.0233%	1h	66.307	−0.050%	$80K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0246%	4h	66.400	+0.090%	$23.8M	$45.8M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0268%	4h	66.347	+0.011%	$402K	$1.5M	25x	as long as short
Hibachi XAG/USDT-P	+0.0272%	1h	66.320	−0.030%	$20K	$19K	10x	as long as short
Bullet SILVER-USD	+0.0279%	1h	66.362	+0.034%	$46K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0352% / S −0.0374%	1h	66.365	+0.038%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0353%	1h	66.360	+0.030%	$50K	$322K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0549%	1h	66.322	−0.027%	$915K	$671K	25x	as long as short