Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0106%/8h= +11.6% APRpaid last 24h +0.028%

Price spread now: GRVT against ApeX Omni+0.070%7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$510.512% of the position

Long on ApeX Omni Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.073%−$7 on $10k

Price spread, last 4 days (all we have)−0.047%−$5 · spread now +0.070%, 7d avg +0.040%

Together, before fees−0.120%+ Points / potential airdropGRVT: Active · farm board−$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and GRVT is 0.030% dearer against ApeX Omni than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.040%. Mind the row above: over the last 7 days funding on this pair cost −0.073%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni XAGUSDT	65.980	0.0100	pay 0.0013% / 1h	22m 26s	$113K	$30K	50x
Short	GRVT XAG_USDT_Perp	66.026	0.0206	get 0.0103% / 4h	3h 22m	$394K	$1.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against ApeX 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 ApeX OmnibpFee GRVTbpOrdersPrice spread, now +0.070%Rate

Funding earned: $22.26
Price spread: +0.070% → +0.040%: $2.98
Slippage, 4 orders: −$32.21
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$25.97
Costs to cover: 0.512%
Break-even: 15.2 days

Slippage from ApeX Omni: live order book, 28 min ago; GRVT: live order book, 1 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 ApeX Omni live order book, 28 min ago	4.55 bp	18.4 bp −$18	66.9 bp −$669	doesn't fit	doesn't fit
Sell GRVT live order book, 1 min ago	0.76 bp	6.4 bp −$6	6.8 bp −$68	35.8 bp −$3,583	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
Ondo Perps XAG-USD.P	−0.0056%	1h	65.950	−0.045%	$5.7M	$9.2M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.989	+0.013%	$15K	—	5x	as long as short
SunX XAG-USDT	0.0000%	4h	66.060	+0.121%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.060	+0.121%	$1.0M	$957K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.070	+0.136%	$1.5M	$320K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.020	+0.061%	$120K	—	250x	as long as short
Gate XAG_USDT	+0.0006%	4h	66.090	+0.167%	$149.9M	$163.8M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	66.059	+0.120%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.011	+0.047%	$5.2M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.637%	$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
StandX XAG-USD	+0.0040%	1h	66.060	+0.121%	$795K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.497	+0.784%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.037	+0.086%	$166.5M	$73.8M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.036	+0.085%	$3.9M	$674K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.002	+0.033%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0057%	8h	66.052	+0.109%	$30K	$1K	5x	as long as short
QFEX SILVER-USD	+0.0060%	1h	66.040	+0.091%	$114K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0073%	1h	65.963	−0.026%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0073%	24h	66.006	+0.039%	$517K	$26.1M	8.1x	as long as short
RISEx XAG/USDC	+0.0080%	1h	66.066	+0.130%	$1.3M	$4.9M	20x	as long as short
Lighter XAG	+0.0096%	1h	66.061	+0.122%	$5.2M	$10.7M	25x	as long as short
Hotstuff SILVER-PERP	+0.0096%	1h	66.041	+0.092%	$35K	$21K	20x	as long as short
Pacifica XAG	+0.0100%	1h	66.016	+0.054%	$470K	$608K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.040	+0.091%	$24.4M	$4.5M	75x	as long as short
ApeX Omni XAGUSDTlong	+0.0100%	1h	65.980	long leg	$113K	$30K	50x
Bybit XAGUSDT	+0.0124%	4h	66.100	+0.182%	$27.8M	$36.6M	150x	as long as short
Aster XAGUSDT	+0.0129%	4h	66.070	+0.136%	$2.7M	$866K	100x	as long as short
BloFin XAG-USDT	+0.0160%	4h	66.040	+0.091%	$2.6M	$563K	100x	as long as short
Aevo XAG-PERP	+0.0168%	1h	66.064	+0.128%	$47K	—	10x	as long as short
Nado XAG-PERP	+0.0170%	1h	66.026	+0.070%	$1.4M	$5.8M	10x	as long as short
Variational Omni XAG	+0.0178%	4h	66.013	+0.050%	$5.6M	$9.4M	—	as long as short
Binance XAGUSDT	+0.0184%	4h	66.081	+0.153%	$191.2M	$702.2M	100x	as long as short
MEXC SILVER_USDT	+0.0186%	4h	66.070	+0.136%	$114.7M	$152.6M	1000x	as long as short
Aftermath Perps XAGUSD	+0.0189%	1h	65.974	−0.008%	$79K	$36K	10x	as long as short
edgeX XAGUSDC	+0.0196%	4h	66.015	+0.052%	$670K	$310K	30x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0204%	1h	66.050	+0.106%	$75K	$363K	20x	as long as short
GRVT XAG_USDT_Perpshort	+0.0206%	4h	66.026	+0.070%	$394K	$1.5M	25x
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	65.950	−0.045%	$1.8M	$1.0M	20x	as long as short
OKX XAG-USDT-SWAP	+0.0226%	8h	66.080	+0.152%	$27.7M	$64.6M	50x	as long as short
Bullet SILVER-USD	+0.0226%	1h	66.080	+0.152%	$45K	$76K	10x	as long as short
Bitget XAGUSDT	+0.0230%	4h	66.080	+0.152%	$24.0M	$45.2M	100x	as long as short
Hibachi XAG/USDT-P	+0.0304%	1h	65.970	−0.015%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0388% / S −0.0440%	1h	66.085	+0.159%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0624%	1h	66.024	+0.066%	$911K	$683K	25x	as long as short