Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0003%/8h= +0.3% APRpaid last 24h +0.020%

Price spread now: Variational Omni against StandX−0.025%7-day average +0.007% · you buy dearer than you sell

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

Long on StandX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.003%$0 on $10k

Price spread, last 7 days+0.022%+$2 · spread now −0.025%, 7d avg +0.007%

Together, before fees+0.025%+ Points / potential airdropStandX: Active · Variational Omni: Active · farm board+$2 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: Variational Omni is 0.032% cheaper against StandX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX XAG-USD	65.360	0.0040	pay 0.0005% / 1h	26m 02s	$786K	$2.9M	40x
Short	Variational Omni XAG	65.344	0.0043	get 0.0021% / 4h	1h 26m	$5.5M	$9.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against StandX. 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 StandXbpFee Variational OmnibpOrdersPrice spread, now −0.025%Rate

Funding earned: $0.61
Price spread: −0.025% → +0.007%: −$3.19
Slippage, 4 orders: no order book: not counted
Fee StandX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$10.58
Costs to cover: 0.080%
Break-even: 127.5 days

Slippage unknown: StandX: live order book, 3 min ago; Variational Omni: RFQ quote, 3 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 StandX live order book, 3 min ago	3.06 bp	8.6 bp −$9	12.1 bp −$121	38.7 bp −$3,865	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	2.58 bp	doesn't fit	2.9 bp −$29	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	−0.0176%	1h	65.292	−0.104%	$20K	$19K	10x	as long as short
Ondo Perps XAG-USD.P	−0.0088%	1h	65.260	−0.153%	$5.6M	$9.8M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.295	−0.099%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.360	0.000%	$27.8M	$39.9M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.390	+0.046%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.420	+0.092%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.390	+0.046%	$1.5M	$280K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.320	−0.062%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0026%	4h	65.390	+0.046%	$141.1M	$182.5M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.378	+0.027%	$4.6M	$9.8M	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-USD	+0.0032%	1h	65.326	−0.052%	$5.1M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.591%	$11K	$94K	52x	as long as short
Aster XAGUSDT	+0.0040%	4h	65.340	−0.031%	$2.7M	$975K	100x	as long as short
StandX XAG-USDlong	+0.0040%	1h	65.360	long leg	$786K	$2.9M	40x
Variational Omni XAGshort	+0.0043%	4h	65.344	−0.025%	$5.5M	$9.4M	—
Vest SI-PERP	+0.0046%	1h	65.807	+0.684%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0050%	1h	65.380	+0.031%	$152K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.341	−0.029%	$170.3M	$83.7M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.366	+0.009%	$3.8M	$718K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.318	−0.064%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0055%	8h	65.370	+0.016%	$29K	$1K	5x	as long as short
RISEx XAG/USDC	+0.0061%	1h	65.384	+0.036%	$1.2M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0061%	1h	65.313	−0.072%	$56K	$31K	25x	as long as short
MEXC SILVER_USDT	+0.0062%	4h	65.360	0.000%	$115.9M	$157.4M	1000x	as long as short
Binance XAGUSDT	+0.0062%	4h	65.360	0.000%	$190.9M	$763.7M	100x	as long as short
Aevo XAG-PERP	+0.0072%	1h	65.362	+0.003%	$47K	—	10x	as long as short
Kalshi KXSILVERPERP	+0.0077%	24h	65.356	−0.006%	$517K	$31.0M	8.1x	as long as short
edgeX XAGUSDC	+0.0082%	4h	65.326	−0.052%	$665K	$312K	30x	as long as short
Hotstuff SILVER-PERP	+0.0096%	1h	65.319	−0.063%	$35K	$21K	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.327	−0.051%	$467K	$624K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.360	0.000%	$25.3M	$5.0M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.290	−0.107%	$112K	$19K	50x	as long as short
GRVT XAG_USDT_Perp	+0.0114%	4h	65.360	0.000%	$397K	$1.6M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0120%	1h	65.320	−0.061%	$1.6M	$1.4M	20x	as long as short
Nado XAG-PERP	+0.0130%	1h	65.348	−0.019%	$1.2M	$5.4M	10x	as long as short
Lighter XAG	+0.0144%	1h	65.378	+0.027%	$5.4M	$11.4M	25x	as long as short
Bitget XAGUSDT	+0.0176%	4h	65.370	+0.015%	$23.8M	$46.3M	100x	as long as short
Bullet SILVER-USD	+0.0178%	1h	65.369	+0.014%	$44K	$76K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0184%	8h	65.360	0.000%	$28.0M	$70.6M	50x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.360	0.000%	$65K	$378K	20x	as long as short
Aftermath Perps XAGUSD	+0.0220%	1h	65.336	−0.037%	$79K	$37K	10x	as long as short
BloFin XAG-USDT	+0.0255%	4h	65.350	−0.015%	$2.6M	$611K	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0273% / S −0.0241%	1h	65.365	+0.008%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0493%	1h	65.353	−0.010%	$916K	$746K	25x	as long as short