Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0084%/8h= +9.2% APRpaid last 24h +0.034%

Price spread now: GRVT against Aevo+0.088%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and GRVT is 0.088% dearer against Aevo than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo XAG-PERP	66.242	0.0176	pay 0.0022% / 1h	12m 49s	$48K	—	10x
Short	GRVT XAG_USDT_Perp	66.300	0.0260	get 0.0130% / 4h	1h 12m	$390K	$1.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Aevo. 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 AevobpFee GRVTbpOrdersPrice spread, now +0.088%Rate

Funding earned: $17.64
Price spread: +0.088% → 0.000%: $8.82
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $1.46
Costs to cover: 0.250%
Break-even: 6.4 days

Slippage unknown: Aevo: no order-book sample; GRVT: live order book, just now. 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 Aevo no order-book sample	—	—	—	—	—
Sell GRVT live order book, just now	0.75 bp	6.6 bp −$7	8.2 bp −$82	39.3 bp −$3,933	doesn't fit

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	66.212	−0.045%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.270	+0.043%	$150.0M	$164.9M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.250	+0.013%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.280	+0.058%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.270	+0.043%	$1.5M	$252K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.180	−0.093%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.233	−0.012%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.186	−0.083%	$5.2M	$12.0M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.239%	$11K	$94K	52x	as long as short
Hotstuff SILVER-PERP	+0.0040%	1h	66.228	−0.020%	$35K	$21K	20x	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	66.210	−0.048%	$796K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.690	+0.677%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.220	−0.033%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.177	−0.097%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.140	−0.153%	$5.7M	$9.8M	25x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.240	−0.002%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0065%	24h	66.207	−0.052%	$543K	$24.8M	8.1x	as long as short
Phoenix SILVER	+0.0084%	1h	66.217	−0.037%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0092%	1h	66.194	−0.072%	$165.9M	$73.7M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.198	−0.065%	$471K	$611K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.210	−0.048%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.270	+0.043%	$113K	$30K	50x	as long as short
Paradex XAG-USD-PERP	+0.0126%	8h	66.248	+0.009%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0128%	4h	66.251	+0.014%	$2.7M	$874K	100x	as long as short
Bybit XAGUSDT	+0.0128%	4h	66.280	+0.058%	$26.9M	$36.1M	150x	as long as short
BloFin XAG-USDT	+0.0165%	4h	66.280	+0.058%	$2.6M	$552K	100x	as long as short
Aevo XAG-PERPlong	+0.0176%	1h	66.242	long leg	$48K	—	10x
Variational Omni XAG	+0.0180%	4h	66.272	+0.046%	$5.6M	$9.8M	—	as long as short
RISEx XAG/USDC	+0.0181%	1h	66.262	+0.031%	$1.3M	$4.4M	20x	as long as short
Lighter XAG	+0.0184%	1h	66.239	−0.004%	$5.2M	$10.5M	25x	as long as short
MEXC SILVER_USDT	+0.0190%	4h	66.250	+0.013%	$106.1M	$153.9M	1000x	as long as short
Binance XAGUSDT	+0.0190%	4h	66.263	+0.033%	$192.0M	$705.7M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.220	−0.033%	$1.8M	$1.0M	20x	as long as short
edgeX XAGUSDC	+0.0202%	4h	66.279	+0.056%	$672K	$315K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0215%	8h	66.260	+0.028%	$27.8M	$65.9M	50x	as long as short
Nado XAG-PERP	+0.0219%	1h	66.206	−0.053%	$1.3M	$6.5M	10x	as long as short
Aftermath Perps XAGUSD	+0.0226%	1h	66.237	−0.007%	$80K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0240%	4h	66.260	+0.028%	$23.8M	$45.7M	100x	as long as short
GRVT XAG_USDT_Perpshort	+0.0260%	4h	66.300	+0.088%	$390K	$1.5M	25x
Bullet SILVER-USD	+0.0270%	1h	66.260	+0.027%	$45K	$75K	10x	as long as short
Hibachi XAG/USDT-P	+0.0280%	1h	66.220	−0.033%	$20K	$19K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0354%	1h	66.230	−0.017%	$50K	$322K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0356% / S −0.0381%	1h	66.255	+0.020%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0550%	1h	66.221	−0.031%	$914K	$671K	25x	as long as short