Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0061%/8h= +6.7% APRpaid last 24h +0.007%

Price spread now: GMX against Bitget+0.054%7-day average +0.014% · you sell dearer than you buy

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

Long on Bitget Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.097%+$10 on $10k

Price spread, last 4 days (all we have)−0.001%$0 · spread now +0.054%, 7d avg +0.014%

Together, before fees+0.096%+$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and GMX is 0.040% dearer against Bitget than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XAGUSDT	65.320	0.0180	pay 0.0090% / 4h	1h 30m	$23.8M	$46.3M	100x
Short	GMX SILVER/USD [ETH-USDC]	65.355	L +0.0273% / S −0.0241%	get 0.0030% / 1h	30m 31s	$93K	—	111x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Bitget. 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 BitgetbpFee GMXbpOrdersPrice spread, now +0.054%Rate

Funding earned: $12.89
Price spread: +0.054% → +0.014%: $3.97
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$7.14
Costs to cover: 0.240%
Break-even: 10.9 days

Slippage unknown: Bitget: live order book, 3 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 Bitget live order book, 3 min ago	0.76 bp	6.8 bp −$7	9.7 bp −$97	17.8 bp −$1,783	47.4 bp −$23.7K
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 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
Hibachi XAG/USDT-P	−0.0168%	1h	65.319	−0.002%	$20K	$20K	10x	as long as short
Ondo Perps XAG-USD.P	−0.0093%	1h	65.200	−0.184%	$5.6M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.295	−0.038%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.330	+0.015%	$28.1M	$39.6M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.360	+0.061%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.390	+0.107%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.380	+0.092%	$1.5M	$280K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.310	−0.015%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0018%	4h	65.340	+0.031%	$141.2M	$181.9M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.314	−0.008%	$4.6M	$9.8M	25x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XAG-USD	+0.0032%	1h	65.271	−0.075%	$5.1M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.653%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.360	+0.061%	$786K	$2.9M	40x	as long as short
Aster XAGUSDT	+0.0043%	4h	65.332	+0.018%	$2.7M	$966K	100x	as long as short
Variational Omni XAG	+0.0043%	4h	65.344	+0.036%	$5.5M	$9.4M	—	as long as short
Vest SI-PERP	+0.0046%	1h	65.768	+0.686%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0050%	1h	65.310	−0.015%	$152K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.301	−0.029%	$170.2M	$83.6M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.305	−0.023%	$3.8M	$718K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.301	−0.029%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0056%	8h	65.305	−0.023%	$29K	$1K	5x	as long as short
RISEx XAG/USDC	+0.0061%	1h	65.328	+0.012%	$1.2M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0061%	1h	65.309	−0.017%	$56K	$31K	25x	as long as short
Binance XAGUSDT	+0.0066%	4h	65.327	+0.011%	$190.1M	$763.6M	100x	as long as short
MEXC SILVER_USDT	+0.0066%	4h	65.310	−0.015%	$115.8M	$157.4M	1000x	as long as short
Aevo XAG-PERP	+0.0072%	1h	65.347	+0.041%	$47K	—	10x	as long as short
edgeX XAGUSDC	+0.0076%	4h	65.374	+0.083%	$665K	$314K	30x	as long as short
Kalshi KXSILVERPERP	+0.0077%	24h	65.304	−0.024%	$483K	$30.8M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	65.277	−0.065%	$466K	$624K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.320	0.000%	$25.3M	$5.0M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.340	+0.031%	$112K	$19K	50x	as long as short
GRVT XAG_USDT_Perp	+0.0116%	4h	65.364	+0.067%	$397K	$1.6M	25x	as long as short
Hotstuff SILVER-PERP	+0.0120%	1h	65.311	−0.014%	$35K	$21K	20x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0120%	1h	65.380	+0.092%	$1.6M	$1.4M	20x	as long as short
Nado XAG-PERP	+0.0127%	1h	65.286	−0.053%	$1.2M	$5.5M	10x	as long as short
Lighter XAG	+0.0136%	1h	65.337	+0.026%	$5.4M	$11.4M	25x	as long as short
Bullet SILVER-USD	+0.0173%	1h	65.347	+0.041%	$44K	$76K	10x	as long as short
Bitget XAGUSDTlong	+0.0180%	4h	65.320	long leg	$23.8M	$46.3M	100x
OKX XAG-USDT-SWAP	+0.0185%	8h	65.330	+0.015%	$27.9M	$71.0M	50x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.350	+0.046%	$65K	$377K	20x	as long as short
Aftermath Perps XAGUSD	+0.0220%	1h	65.328	+0.012%	$79K	$37K	10x	as long as short
BloFin XAG-USDT	+0.0268%	4h	65.340	+0.031%	$2.6M	$609K	100x	as long as short
GMX SILVER/USD [ETH-USDC]short	L +0.0273% / S −0.0241%	1h	65.355	+0.054%	$93K	—	111x
Kraken Futures PF_XAGUSD	+0.0493%	1h	65.314	−0.009%	$915K	$746K	25x	as long as short