Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: ApeX Omni against SunX−0.091%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs−$121as in the Price arb table

costs, in and out, $10k−$1151.150% of the position

Long on SunX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.210%+$21 on $10k

Price spread, last 4 days (all we have)+0.027%+$3 · spread now −0.091%, 7d avg −0.030%

Together, before fees+0.237%+$24 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.062% cheaper against SunX than usual: you would sell low and buy high (spread −0.091% now, against its 7-day average of −0.030%). If the spread goes back, that is −$6 on $10k: about 2.1 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XAG-USDT	65.580	0	get 0.0000% / 4h	5m 19s	$2K	$2.2M	20x
Short	ApeX Omni XAGUSDT	65.520	0.0100	get 0.0013% / 1h	5m 19s	$112K	$19K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against SunX. 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 SunXbpFee ApeX OmnibpOrdersPrice spread, now −0.091%Rate

Funding earned: $21
Price spread: −0.091% → −0.030%: −$6.16
Slippage, 4 orders: −$97.03
Fee SunX: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$100.19
Costs to cover: 1.150%
Break-even: 40.4 days

Slippage from SunX: live order book, 5 min ago; ApeX Omni: live order book, 33 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 SunX live order book, 5 min ago	29.74 bp	33.7 bp −$34	62.4 bp −$624	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 33 min ago	3.82 bp	27.7 bp −$28	78.4 bp −$784	doesn't fit	doesn't fit

XAG on 44 exchanges

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
Hotstuff SILVER-PERP	−0.6784%	1h	65.541	−0.059%	$39K	$26K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	65.552	−0.043%	$13K	$8K	5x	as long as short
RISEx XAG/USDC	0.0000%	1h	65.600	+0.031%	$1.3M	$5.5M	20x	as long as short
Gate XAG_USDT	0.0000%	4h	65.620	+0.061%	$135.2M	$204.6M	100x	as long as short
SunX XAG-USDTlong	0.0000%	4h	65.580	long leg	$2K	$2.2M	20x
HTX XAG-USDT	0.0000%	4h	65.640	+0.091%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.620	+0.061%	$1.5M	$257K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.537	−0.066%	$118K	—	250x	as long as short
Variational Omni XAG	+0.0018%	4h	65.606	+0.040%	$5.4M	$9.3M	—	as long as short
Lighter RH XAG	+0.0032%	1h	65.596	+0.025%	$4.6M	$10.0M	25x	as long as short

Show all 44 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XAG-USD	+0.0032%	1h	65.533	−0.071%	$5.1M	$12.3M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	64.602	−1.491%	$11K	$240	52x	as long as short
Ondo Perps XAG-USD.P	+0.0035%	1h	65.480	−0.152%	$5.7M	$11.2M	25x	as long as short
StandX XAG-USD	+0.0040%	1h	65.600	+0.030%	$789K	$3.1M	40x	as long as short
Aster XAGUSDT	+0.0041%	4h	65.615	+0.053%	$2.7M	$1.2M	100x	as long as short
QFEX SILVER-USD	+0.0042%	1h	65.590	+0.015%	$446K	$1.4M	20x	as long as short
MEXC SILVER_USDT	+0.0044%	4h	65.590	+0.015%	$120.7M	$166.6M	1000x	as long as short
edgeX XAGUSDC	+0.0045%	4h	65.560	−0.030%	$668K	$314K	30x	as long as short
Binance XAGUSDT	+0.0045%	4h	65.612	+0.049%	$191.4M	$859.8M	100x	as long as short
Vest SI-PERP	+0.0046%	1h	66.023	+0.676%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.569	−0.017%	$3.8M	$1.5M	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.535	−0.069%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0053%	8h	65.566	−0.022%	$29K	—	5x	as long as short
Bybit XAGUSDT	+0.0062%	4h	65.620	+0.061%	$31.0M	$48.6M	150x	as long as short
Aevo XAG-PERP	+0.0064%	1h	65.587	+0.011%	$47K	—	10x	as long as short
GRVT XAG_USDT_Perp	+0.0082%	4h	65.575	−0.008%	$390K	$1.6M	25x	as long as short
tradeXYZ xyz:SILVER	+0.0088%	1h	65.566	−0.021%	$175.7M	$86.0M	25x	as long as short
Pacifica XAG	+0.0100%	1h	65.522	−0.088%	$462K	$501K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.560	−0.030%	$25.3M	$4.1M	75x	as long as short
ApeX Omni XAGUSDTshort	+0.0100%	1h	65.520	−0.091%	$112K	$19K	50x
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	65.510	−0.107%	$1.6M	$2.1M	20x	as long as short
Kalshi KXSILVERPERP	+0.0112%	24h	65.599	+0.029%	$780K	$38.4M	8.1x	as long as short
Phoenix SILVER	+0.0134%	1h	65.516	−0.098%	$55K	$15K	25x	as long as short
Nado XAG-PERP	+0.0140%	1h	65.549	−0.048%	$1.1M	$3.1M	10x	as long as short
Lighter XAG	+0.0152%	1h	65.602	+0.033%	$5.3M	$12.2M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0161%	8h	65.600	+0.030%	$27.6M	$86.2M	50x	as long as short
BloFin XAG-USDT	+0.0179%	4h	65.590	+0.015%	$2.6M	$771K	100x	as long as short
Bitget XAGUSDT	+0.0188%	4h	65.610	+0.046%	$23.3M	$53.4M	100x	as long as short
Aftermath Perps XAGUSD	+0.0227%	1h	65.550	−0.045%	$79K	$37K	10x	as long as short
Bullet SILVER-USD	+0.0243%	1h	65.605	+0.037%	$44K	$70K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0244% / S −0.0204%	1h	65.615	+0.053%	$93K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0248%	1h	65.552	−0.043%	$21K	$12K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0360%	1h	65.580	0.000%	$77K	$381K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0540%	1h	65.573	−0.010%	$1.0M	$958K	25x	as long as short