Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0182%/8h= +19.9% APRpaid last 24h +0.055%

Price spread now: GMX against Aster+0.200%7-day average — · you sell dearer than you buy

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

Long on Aster Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and GMX is 0.200% dearer against Aster than usual: you sell high and buy low: +$20 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	Aster XAGUSDT	65.534	0.0073	pay 0.0036% / 4h	50m 11s	$2.7M	$1.2M	100x
Short	GMX SILVER/USD [ETH-USDC]	65.665	L +0.0283% / S −0.0255%	get 0.0032% / 1h	50m 11s	$93K	—	111x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Aster. 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 AsterbpFee GMXbpOrdersPrice spread, now +0.200%Rate

Funding earned: $38.18
Price spread: +0.200% → 0.000%: $20.03
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $38.21
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: Aster: live order book, 1 min ago; GMX: no order-book sample. 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 Aster live order book, 1 min ago	0.76 bp	4.8 bp −$5	6.5 bp −$65	16.2 bp −$1,621	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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 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
dYdX XAG-USD	0.0000%	1h	65.577	+0.066%	$13K	$8K	5x	as long as short
RISEx XAG/USDC	0.0000%	1h	65.644	+0.168%	$1.3M	$5.5M	20x	as long as short
Hotstuff SILVER-PERP	0.0000%	1h	65.599	+0.100%	$39K	$26K	20x	as long as short
Gate XAG_USDT	0.0000%	4h	65.550	+0.025%	$135.6M	$198.6M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.650	+0.177%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.600	+0.101%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.540	+0.010%	$1.5M	$257K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.611	+0.117%	$119K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.514	−0.030%	$4.5M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.565	+0.047%	$5.1M	$12.0M	10x	as long as short

Show all 44 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	64.602	−1.422%	$11K	$240	52x	as long as short
Lighter XAG	+0.0040%	1h	65.534	+0.001%	$5.3M	$11.8M	25x	as long as short
StandX XAG-USD	+0.0040%	1h	65.650	+0.177%	$790K	$3.0M	40x	as long as short
QFEX SILVER-USD	+0.0042%	1h	65.650	+0.177%	$447K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	66.085	+0.841%	—	—	25x	as long as short
Bybit XAGUSDT	+0.0048%	4h	65.560	+0.040%	$30.5M	$48.6M	150x	as long as short
Variational Omni XAG	+0.0048%	4h	65.588	+0.082%	$5.5M	$9.0M	—	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.623	+0.136%	$3.8M	$904K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.510	−0.036%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	65.560	+0.040%	$5.7M	$11.0M	25x	as long as short
Paradex XAG-USD-PERP	+0.0052%	8h	65.599	+0.100%	$29K	—	5x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0055%	1h	65.550	+0.025%	$77K	$408K	20x	as long as short
Aster XAGUSDTlong	+0.0073%	4h	65.534	long leg	$2.7M	$1.2M	100x
MEXC SILVER_USDT	+0.0074%	4h	65.520	−0.021%	$116.0M	$163.0M	1000x	as long as short
Binance XAGUSDT	+0.0075%	4h	65.540	+0.009%	$190.3M	$864.1M	100x	as long as short
Aevo XAG-PERP	+0.0080%	1h	65.582	+0.074%	$47K	—	10x	as long as short
edgeX XAGUSDC	+0.0090%	4h	65.579	+0.069%	$669K	$314K	30x	as long as short
GRVT XAG_USDT_Perp	+0.0094%	4h	65.606	+0.110%	$389K	$1.6M	25x	as long as short
Pacifica XAG	+0.0100%	1h	65.552	+0.028%	$462K	$520K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.510	−0.036%	$25.3M	$4.3M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.550	+0.025%	$112K	$19K	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	65.530	−0.006%	$1.6M	$1.9M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0104%	1h	65.628	+0.144%	$175.9M	$86.8M	25x	as long as short
Kalshi KXSILVERPERP	+0.0108%	24h	65.563	+0.045%	$836K	$39.7M	8.1x	as long as short
Nado XAG-PERP	+0.0131%	1h	65.566	+0.049%	$1.2M	$3.4M	10x	as long as short
Phoenix SILVER	+0.0134%	1h	65.580	+0.071%	$55K	$15K	25x	as long as short
OKX XAG-USDT-SWAP	+0.0171%	8h	65.560	+0.040%	$27.9M	$87.2M	50x	as long as short
Bitget XAGUSDT	+0.0212%	4h	65.530	−0.006%	$23.1M	$53.2M	100x	as long as short
Aftermath Perps XAGUSD	+0.0225%	1h	65.629	+0.145%	$79K	$37K	10x	as long as short
Hibachi XAG/USDT-P	+0.0232%	1h	65.591	+0.088%	$21K	$12K	10x	as long as short
Bullet SILVER-USD	+0.0232%	1h	65.664	+0.199%	$44K	$73K	10x	as long as short
GMX SILVER/USD [ETH-USDC]short	L +0.0283% / S −0.0255%	1h	65.665	+0.200%	$93K	—	111x
BloFin XAG-USDT	+0.0301%	4h	65.640	+0.162%	$2.7M	$784K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0540%	1h	65.581	+0.072%	$1.0M	$946K	25x	as long as short