XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0070%/8h= +7.7% APRnext payment +$0.35 per $10,000 · paid last 24h +0.009%

Price spread now: GRVT against Bybit−0.077%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$370.370% of the position

Long on Bybit Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.049%+$5 on $10k

Price spread, last 7 days+0.003%$0 · spread now −0.077%, 7d avg −0.001%

Together, before fees+0.052%+ Points / potential airdropGRVT: Active · farm board+$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. GRVT is 0.075% cheaper against Bybit than usual: you would sell low and buy high (spread −0.077% now, against its 7-day average of −0.001%). If the spread goes back, that is −$8 on $10k: about 3.6 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.049% in total) that is about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit XAGUSDT	66.000	0	get 0.0000% / 4h	2h 07m	$25.7M	$36.4M	150x
Short	GRVT XAG_USDT_Perp	65.949	0.0070	get 0.0035% / 4h	2h 07m	$389K	$1.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Bybit. 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 BybitbpFee GRVTbpOrdersPrice spread, now −0.077%Rate

Funding earned: $14.7
Price spread: −0.077% → −0.001%: −$7.54
Slippage, 4 orders: −$16.99
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$29.83
Costs to cover: 0.370%
Break-even: 21.2 days

Slippage from Bybit: live order book, 1 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 Bybit live order book, 1 min ago	1.51 bp	8.7 bp −$9	11.6 bp −$116	19.2 bp −$1,919	76.0 bp −$38.0K
Sell GRVT live order book, 1 min ago	0.76 bp	13.2 bp −$13	19.1 bp −$191	55.2 bp −$5,516	doesn't fit

XAG on 42 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
Deribit SILVER_USDC-PERPETUAL	−0.0356%	1h	66.000	0.000%	$75K	$361K	20x	as long as short
Nado XAG-PERP	−0.0002%	1h	65.996	−0.005%	$1.3M	$6.5M	10x	as long as short
dYdX XAG-USD	0.0000%	1h	65.934	−0.100%	$14K	—	5x	as long as short
Bybit XAGUSDTlong	0.0000%	4h	66.000	long leg	$25.7M	$36.4M	150x
Gate XAG_USDT	0.0000%	4h	66.000	0.000%	$147.1M	$185.5M	100x	as long as short
Bullet SILVER-USD	0.0000%	1h	66.019	+0.029%	$44K	$74K	10x	as long as short
SunX XAG-USDT	0.0000%	4h	65.990	−0.015%	$2K	$3.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.010	+0.015%	$1.0M	$1.2M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.030	+0.045%	$1.5M	$249K	100x	as long as short
Aftermath Perps XAGUSD	+0.0014%	1h	65.984	−0.024%	$79K	$40K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XAG	+0.0032%	1h	65.992	−0.013%	$5.1M	$11.5M	25x	as long as short
Lighter RH XAG	+0.0032%	1h	65.992	−0.012%	$4.4M	$10.0M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.030	+0.045%	$5.3M	$14.8M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.606%	$11K	$94K	52x	as long as short
Aster XAGUSDT	+0.0038%	4h	66.038	+0.058%	$2.8M	$1.1M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	66.020	+0.030%	$790K	$2.8M	40x	as long as short
BloFin XAG-USDT	+0.0041%	4h	66.020	+0.030%	$2.6M	$1.2M	100x	as long as short
Vest SI-PERP	+0.0046%	1h	66.525	+0.795%	—	—	25x	as long as short
Bitget XAGUSDT	+0.0046%	4h	66.000	0.000%	$23.7M	$52.4M	100x	as long as short
Ondo Perps XAG-USD.P	+0.0049%	1h	65.930	−0.106%	$5.4M	$9.8M	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.981	−0.029%	$164.4M	$94.8M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.966	−0.052%	$3.9M	$743K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.985	−0.023%	$4K	$5K	20x	as long as short
Kalshi KXSILVERPERP	+0.0055%	24h	65.886	−0.173%	$637K	$21.8M	8.1x	as long as short
GRVT XAG_USDT_Perpshort	+0.0070%	4h	65.949	−0.077%	$389K	$1.6M	25x
Phoenix SILVER	+0.0073%	1h	66.027	+0.041%	$56K	$26K	25x	as long as short
QFEX SILVER-USD	+0.0080%	1h	66.000	0.000%	$143K	$2.8M	20x	as long as short
Binance XAGUSDT	+0.0082%	4h	66.000	0.000%	$190.2M	$799.7M	100x	as long as short
MEXC SILVER_USDT	+0.0092%	4h	66.010	+0.015%	$122.7M	$192.5M	1000x	as long as short
Pacifica XAG	+0.0100%	1h	65.985	−0.023%	$472K	$645K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.970	−0.045%	$24.2M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.040	+0.061%	$112K	$85K	50x	as long as short
Paradex XAG-USD-PERP	+0.0101%	8h	65.990	−0.015%	$30K	$1K	5x	as long as short
Aevo XAG-PERP	+0.0104%	1h	66.032	+0.048%	$47K	—	10x	as long as short
Variational Omni XAG	+0.0107%	4h	66.053	+0.081%	$5.3M	$11.4M	—	as long as short
edgeX XAGUSDC	+0.0108%	4h	66.053	+0.081%	$670K	$314K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0151%	8h	65.990	−0.015%	$27.5M	$70.0M	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	65.880	−0.182%	$1.9M	$1.2M	20x	as long as short
Hotstuff SILVER-PERP	+0.0320%	1h	65.990	−0.015%	$35K	$21K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0391% / S −0.0419%	1h	66.005	+0.008%	$102K	—	29x	as long as short
RISEx XAG/USDC	+0.0432%	1h	66.000	0.000%	$1.3M	$4.4M	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0615%	1h	65.941	−0.089%	$774K	$616K	25x	as long as short