Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0136%/8h= +14.9% APRpaid last 24h −0.013%

Price spread now: tradeXYZ against Variational Omni−0.059%7-day average −0.073% · you buy dearer than you sell

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

Long on Variational Omni Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.002%$0 on $10k

Price spread, last 7 days+0.005%+$1 · spread now −0.059%, 7d avg −0.073%

Together, before fees+0.007%+ Points / potential airdropVariational Omni: Active · tradeXYZ: Active · farm board+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.073%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XAG	65.026	0.0010	pay 0.0005% / 4h	3h 59m	$5.4M	$9.2M	—
Short	tradeXYZ xyz:SILVER	64.988	0.0147	get 0.0018% / 1h	59m 07s	$173.5M	$85.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Variational Omni. 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 Variational OmnibpFee tradeXYZbpOrdersPrice spread, now −0.059%Rate

Funding earned: $28.64
Price spread: −0.059% → −0.073%: $1.38
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $12.02
Costs to cover: 0.180%
Break-even: 4.1 days

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; tradeXYZ: live order book, 11 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 Variational Omni RFQ quote, 5 min ago	2.59 bp	doesn't fit	2.6 bp −$26	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 11 min ago	0.31 bp	9.4 bp −$9	10.1 bp −$101	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	64.997	−0.045%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.040	+0.021%	$27.6M	$39.1M	150x	as long as short
Nado XAG-PERP	0.0000%	1h	64.992	−0.052%	$1.2M	$4.6M	10x	as long as short
SunX XAG-USDT	0.0000%	4h	65.040	+0.021%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.110	+0.129%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.040	+0.021%	$1.4M	$290K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	64.946	−0.124%	$117K	—	250x	as long as short
Variational Omni XAGlong	+0.0010%	4h	65.026	long leg	$5.4M	$9.2M	—
Lighter RH XAG	+0.0032%	1h	65.022	−0.006%	$4.6M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	64.956	−0.108%	$4.9M	$11.8M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate XAG_USDT	+0.0032%	4h	65.040	+0.021%	$140.1M	$176.6M	100x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+2.113%	$11K	$94K	52x	as long as short
edgeX XAGUSDC	+0.0038%	4h	65.081	+0.085%	$663K	$314K	30x	as long as short
StandX XAG-USD	+0.0040%	1h	65.050	+0.037%	$782K	$3.0M	40x	as long as short
MEXC SILVER_USDT	+0.0042%	4h	65.010	−0.025%	$127.7M	$153.8M	1000x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.040	+0.021%	$171K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.446	+0.646%	—	—	25x	as long as short
Binance XAGUSDT	+0.0047%	4h	65.000	−0.040%	$191.8M	$760.0M	100x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.004	−0.034%	$3.8M	$890K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	64.955	−0.110%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	64.900	−0.194%	$5.6M	$9.8M	25x	as long as short
Aster XAGUSDT	+0.0053%	4h	64.980	−0.071%	$2.6M	$993K	100x	as long as short
Aevo XAG-PERP	+0.0056%	1h	65.029	+0.004%	$47K	—	10x	as long as short
Paradex XAG-USD-PERP	+0.0056%	8h	65.015	−0.017%	$29K	$1K	5x	as long as short
Phoenix SILVER	+0.0061%	1h	64.985	−0.063%	$55K	$30K	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0080%	1h	65.000	−0.040%	$1.6M	$1.4M	20x	as long as short
Kalshi KXSILVERPERP	+0.0081%	24h	65.011	−0.023%	$512K	$33.0M	8.1x	as long as short
Hotstuff SILVER-PERP	+0.0088%	1h	65.002	−0.037%	$35K	$21K	20x	as long as short
Pacifica XAG	+0.0100%	1h	64.975	−0.079%	$462K	$594K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.000	−0.040%	$25.2M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.030	+0.006%	$111K	$19K	50x	as long as short
tradeXYZ xyz:SILVERshort	+0.0147%	1h	64.988	−0.059%	$173.5M	$85.7M	25x
GRVT XAG_USDT_Perp	+0.0152%	4h	65.044	+0.028%	$384K	$1.6M	25x	as long as short
RISEx XAG/USDC	+0.0158%	1h	65.040	+0.021%	$1.3M	$4.9M	20x	as long as short
Bitget XAGUSDT	+0.0174%	4h	65.030	+0.006%	$23.2M	$44.8M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0179%	8h	65.030	+0.006%	$28.3M	$71.2M	50x	as long as short
BloFin XAG-USDT	+0.0188%	4h	65.060	+0.052%	$2.7M	$625K	100x	as long as short
Aftermath Perps XAGUSD	+0.0201%	1h	65.008	−0.028%	$78K	$37K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.025	−0.002%	$92K	—	111x	as long as short
Lighter XAG	+0.0240%	1h	65.018	−0.012%	$5.3M	$10.7M	25x	as long as short
Hibachi XAG/USDT-P	+0.0240%	1h	64.995	−0.048%	$20K	$15K	10x	as long as short
Bullet SILVER-USD	+0.0311%	1h	65.047	+0.032%	$44K	$75K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0366%	1h	65.010	−0.025%	$66K	$401K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0419%	1h	65.010	−0.026%	$1.0M	$869K	25x	as long as short