Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h +0.004%

Price spread now: GRVT against Bullet+0.004%7-day average — · you sell dearer than you buy

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

Long on Bullet Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 3 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet SILVER-USD	66.196	0.0290	pay 0.0036% / 1h	20m 37s	$44K	$76K	10x
Short	GRVT XAG_USDT_Perp	66.198	0.0278	get 0.0139% / 4h	20m 37s	$389K	$1.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Bullet. 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 BulletbpFee GRVTbpOrdersPrice spread, now +0.004%Rate

Funding earned: −$2.53
Price spread: +0.004% → 0.000%: $0.37
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$19.15
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Bullet: no order-book sample; GRVT: live order book, 3 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 Bullet no order-book sample	—	—	—	—	—
Sell GRVT live order book, 3 min ago	0.75 bp	8.0 bp −$8	8.2 bp −$82	41.0 bp −$4,098	doesn't fit

Bullet: 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	66.141	−0.083%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.210	+0.021%	$150.2M	$163.4M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.190	−0.009%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.210	+0.021%	$1.0M	$971K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.180	−0.024%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.109	−0.132%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.168	−0.043%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.116	−0.122%	$5.2M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.308%	$11K	$94K	52x	as long as short
Hotstuff SILVER-PERP	+0.0040%	1h	66.140	−0.085%	$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	66.180	−0.024%	$796K	$3.1M	40x	as long as short
Ondo Perps XAG-USD.P	+0.0043%	1h	66.080	−0.175%	$5.7M	$9.6M	25x	as long as short
Vest SI-PERP	+0.0046%	1h	66.625	+0.648%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.154	−0.063%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.105	−0.137%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.170	−0.039%	$115K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0060%	1h	66.143	−0.080%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0070%	24h	66.144	−0.079%	$545K	$25.4M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	66.137	−0.089%	$471K	$622K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.150	−0.069%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.130	−0.100%	$113K	$30K	50x	as long as short
tradeXYZ xyz:SILVER	+0.0123%	1h	66.143	−0.080%	$165.9M	$74.2M	25x	as long as short
RISEx XAG/USDC	+0.0137%	1h	66.190	−0.009%	$1.3M	$4.5M	20x	as long as short
Paradex XAG-USD-PERP	+0.0143%	8h	66.179	−0.025%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0144%	4h	66.174	−0.033%	$2.7M	$877K	100x	as long as short
Bybit XAGUSDT	+0.0164%	4h	66.200	+0.006%	$27.0M	$36.2M	150x	as long as short
Lighter XAG	+0.0184%	1h	66.166	−0.046%	$5.2M	$10.7M	25x	as long as short
Aevo XAG-PERP	+0.0192%	1h	66.175	−0.032%	$48K	—	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.170	−0.039%	$1.8M	$1.0M	20x	as long as short
Nado XAG-PERP	+0.0204%	1h	66.126	−0.106%	$1.4M	$6.4M	10x	as long as short
Variational Omni XAG	+0.0206%	4h	66.183	−0.020%	$5.6M	$9.6M	—	as long as short
MEXC SILVER_USDT	+0.0212%	4h	66.180	−0.024%	$110.1M	$152.7M	1000x	as long as short
Binance XAGUSDT	+0.0212%	4h	66.197	+0.001%	$192.6M	$700.6M	100x	as long as short
Aftermath Perps XAGUSD	+0.0217%	1h	66.152	−0.067%	$80K	$36K	10x	as long as short
edgeX XAGUSDC	+0.0228%	4h	66.187	−0.014%	$672K	$311K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0232%	8h	66.180	−0.024%	$27.7M	$65.2M	50x	as long as short
BloFin XAG-USDT	+0.0247%	4h	66.180	−0.024%	$2.6M	$554K	100x	as long as short
Bitget XAGUSDT	+0.0256%	4h	66.190	−0.009%	$23.9M	$45.3M	100x	as long as short
GRVT XAG_USDT_Perpshort	+0.0278%	4h	66.198	+0.004%	$389K	$1.5M	25x
Bullet SILVER-USDlong	+0.0290%	1h	66.196	long leg	$44K	$76K	10x
Deribit SILVER_USDC-PERPETUAL	+0.0355%	1h	66.150	−0.069%	$62K	$349K	20x	as long as short
Hibachi XAG/USDT-P	+0.0360%	1h	66.121	−0.113%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0383% / S −0.0423%	1h	66.175	−0.032%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0485%	1h	66.147	−0.074%	$913K	$678K	25x	as long as short