Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0105%/8h= −11.5% APRpaid last 24h −0.022%

Price spread now: Variational Omni against RISEx+0.006%7-day average +0.008% · you sell dearer than you buy

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

Long on RISEx Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.032%−$3 on $10k

Price spread, last 7 days+0.007%+$1 · spread now +0.006%, 7d avg +0.008%

Together, before fees−0.025%+ Points / potential airdropVariational Omni: Active · farm board−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.008%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx XAG/USDC	66.611	0.0208	pay 0.0026% / 1h	12m 39s	$1.3M	$4.2M	20x
Short	Variational Omni XAG	66.615	0.0103	get 0.0051% / 4h	12m 39s	$5.6M	$10.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against RISEx. 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 RISExbpFee Variational OmnibpOrdersPrice spread, now +0.006%Rate

Funding earned: −$22.09
Price spread: +0.006% → +0.008%: −$0.16
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$28.25
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: RISEx: live order book, 1 min ago; Variational Omni: RFQ quote, 2 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 RISEx live order book, 1 min ago	0.27 bp	3.4 bp −$3	3.9 bp −$39	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	2.57 bp	doesn't fit	2.6 bp −$26	5.4 bp −$537	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	66.560	−0.077%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.630	+0.028%	$26.5M	$34.7M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.620	+0.013%	$156.0M	$174.9M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.630	+0.028%	$2K	$3.0M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.660	+0.073%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.620	+0.013%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.556	−0.084%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.588	−0.036%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.541	−0.106%	$5.5M	$12.2M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.317%	$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
Phoenix SILVER	+0.0036%	1h	66.596	−0.023%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	66.570	−0.062%	$797K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	67.065	+0.681%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.594	−0.026%	$3.9M	$699K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.550	−0.092%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.510	−0.152%	$5.7M	$10.0M	25x	as long as short
Kalshi KXSILVERPERP	+0.0060%	24h	66.584	−0.041%	$581K	$21.3M	8.1x	as long as short
QFEX SILVER-USD	+0.0061%	1h	66.590	−0.032%	$124K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0071%	1h	66.574	−0.056%	$166.0M	$87.0M	25x	as long as short
Hotstuff SILVER-PERP	+0.0088%	1h	66.584	−0.041%	$35K	$21K	20x	as long as short
BloFin XAG-USDT	+0.0089%	4h	66.600	−0.017%	$2.6M	$652K	100x	as long as short
Pacifica XAG	+0.0100%	1h	66.548	−0.095%	$481K	$618K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.560	−0.077%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.590	−0.032%	$127K	$26K	50x	as long as short
Variational Omni XAGshort	+0.0103%	4h	66.615	+0.006%	$5.6M	$10.1M	—
Paradex XAG-USD-PERP	+0.0106%	8h	66.595	−0.024%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0113%	4h	66.606	−0.009%	$2.8M	$1.1M	100x	as long as short
Lighter XAG	+0.0120%	1h	66.591	−0.031%	$5.2M	$10.4M	25x	as long as short
Aevo XAG-PERP	+0.0120%	1h	66.612	+0.001%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0122%	4h	66.600	−0.017%	$115.5M	$153.4M	1000x	as long as short
Binance XAGUSDT	+0.0123%	4h	66.610	−0.002%	$191.8M	$723.1M	100x	as long as short
edgeX XAGUSDC	+0.0130%	4h	66.608	−0.005%	$676K	$316K	30x	as long as short
Bitget XAGUSDT	+0.0158%	4h	66.620	+0.013%	$24.4M	$48.2M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0160%	1h	66.610	−0.002%	$1.9M	$851K	20x	as long as short
Aftermath Perps XAGUSD	+0.0171%	1h	66.556	−0.084%	$80K	$40K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0180%	4h	66.634	+0.034%	$401K	$1.5M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0198%	8h	66.620	+0.013%	$28.0M	$66.8M	50x	as long as short
RISEx XAG/USDClong	+0.0208%	1h	66.611	long leg	$1.3M	$4.2M	20x
Bullet SILVER-USD	+0.0250%	1h	66.629	+0.027%	$45K	$75K	10x	as long as short
Nado XAG-PERP	+0.0255%	1h	66.552	−0.090%	$1.3M	$6.6M	10x	as long as short
Hibachi XAG/USDT-P	+0.0280%	1h	66.571	−0.060%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.625	+0.020%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0351%	1h	66.600	−0.017%	$50K	$351K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0595%	1h	66.588	−0.035%	$764K	$588K	25x	as long as short