Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0127%/8h= +14.0% APRpaid last 24h +0.022%

Price spread now: GMX against edgeX−0.126%7-day average +0.022% · you buy dearer than you sell

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

Long on edgeX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.115%+$11 on $10k

Price spread, last 3 days (all we have)+0.131%+$13 · spread now −0.126%, 7d avg +0.022%

Together, before fees+0.246%+ Points / potential airdropedgeX: Active · farm board+$25 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.148% cheaper against edgeX than usual: you would sell low and buy high (spread −0.126% now, against its 7-day average of +0.022%). If the spread goes back, that is −$15 on $10k: about 3.9 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XAGUSDC	66.569	0.0153	pay 0.0077% / 4h	2h 40m	$676K	$313K	30x
Short	GMX SILVER/USD [ETH-USDC]	66.485	L +0.0292% / S −0.0281%	get 0.0035% / 1h	40m 41s	$103K	—	111x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against edgeX. 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 edgeXbpFee GMXbpOrdersPrice spread, now −0.126%Rate

Funding earned: $26.76
Price spread: −0.126% → +0.022%: −$14.78
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee GMX: 6 bp × 2 orders: −$12
Net: −$9.02
Costs to cover: 0.210%
Break-even: 9.4 days

Slippage unknown: edgeX: live order book, 28 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 edgeX live order book, 28 min ago	2.25 bp	6.8 bp −$7	6.8 bp −$68	9.2 bp −$916	20.8 bp −$10.4K
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
Hotstuff SILVER-PERP	−0.0032%	1h	66.441	−0.192%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	66.423	−0.220%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.510	−0.088%	$154.5M	$161.9M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.500	−0.103%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.520	−0.073%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.530	−0.058%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.439	−0.194%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.502	−0.101%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.452	−0.176%	$5.4M	$12.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.253%	$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	66.560	−0.013%	$801K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.924	+0.534%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.413	−0.234%	$56K	$26K	25x	as long as short
Ondo Perps XAG-USD.P	+0.0049%	1h	66.370	−0.299%	$5.7M	$9.6M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.456	−0.169%	$3.9M	$669K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.450	−0.178%	$3K	$5K	20x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.490	−0.118%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0061%	24h	66.438	−0.196%	$574K	$23.1M	8.1x	as long as short
Bybit XAGUSDT	+0.0069%	4h	66.560	−0.013%	$26.4M	$35.9M	150x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.485	−0.126%	$1.2M	$4.3M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0097%	1h	66.480	−0.133%	$166.0M	$79.4M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.489	−0.120%	$473K	$610K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.480	−0.133%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.490	−0.118%	$126K	$23K	50x	as long as short
BloFin XAG-USDT	+0.0103%	4h	66.570	+0.002%	$2.6M	$624K	100x	as long as short
Aster XAGUSDT	+0.0115%	4h	66.520	−0.073%	$2.8M	$971K	100x	as long as short
Paradex XAG-USD-PERP	+0.0122%	8h	66.463	−0.158%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0129%	4h	66.505	−0.096%	$5.5M	$9.8M	—	as long as short
Aevo XAG-PERP	+0.0136%	1h	66.507	−0.093%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0146%	4h	66.520	−0.073%	$108.2M	$156.6M	1000x	as long as short
Binance XAGUSDT	+0.0149%	4h	66.543	−0.039%	$193.1M	$708.0M	100x	as long as short
edgeX XAGUSDClong	+0.0153%	4h	66.569	long leg	$676K	$313K	30x
Lighter XAG	+0.0168%	1h	66.532	−0.056%	$5.4M	$10.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.520	−0.073%	$1.9M	$967K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0197%	8h	66.550	−0.028%	$28.1M	$66.0M	50x	as long as short
Bitget XAGUSDT	+0.0220%	4h	66.520	−0.073%	$24.4M	$45.9M	100x	as long as short
Aftermath Perps XAGUSD	+0.0223%	1h	66.470	−0.149%	$80K	$38K	10x	as long as short
Nado XAG-PERP	+0.0223%	1h	66.432	−0.205%	$1.3M	$6.5M	10x	as long as short
GRVT XAG_USDT_Perp	+0.0238%	4h	66.591	+0.033%	$395K	$1.5M	25x	as long as short
Hibachi XAG/USDT-P	+0.0280%	1h	66.430	−0.209%	$20K	$22K	10x	as long as short
Bullet SILVER-USD	+0.0281%	1h	66.500	−0.103%	$45K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]short	L +0.0292% / S −0.0281%	1h	66.485	−0.126%	$103K	—	111x
Kraken Futures PF_XAGUSD	+0.0462%	1h	66.466	−0.154%	$766K	$491K	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0502%	1h	66.520	−0.073%	$50K	$325K	20x	as long as short