XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0026%/8h= +2.9% APRnext payment +$0.13 per $10,000 · paid last 24h −0.003%

Price spread now: GRVT against edgeX+0.007%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$280.280% of the position

Long on edgeX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 3 days (all we have)−0.008%−$1 · spread now +0.007%, 7d avg +0.041%

Together, before fees+0.008%+ Points / potential airdropedgeX: Active · GRVT: Active · farm board+$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. GRVT is 0.034% cheaper against edgeX than usual: you would sell low and buy high (spread +0.007% now, against its 7-day average of +0.041%). If the spread goes back, that is −$3 on $10k: about 4.4 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.016% in total) that is about 15 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XAGUSDC	66.235	0.0084	pay 0.0042% / 4h	1h 16m	$672K	$315K	30x
Short	GRVT XAG_USDT_Perp	66.240	0.0110	get 0.0055% / 4h	1h 16m	$390K	$1.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.007%Rate

Funding earned: $5.48
Price spread: +0.007% → +0.041%: −$3.42
Slippage, 4 orders: −$10.01
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$25.95
Costs to cover: 0.280%
Break-even: 40.1 days

Slippage from edgeX: live order book, 2 min ago; GRVT: live order book, 2 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 edgeX live order book, 2 min ago	2.26 bp	6.8 bp −$7	6.8 bp −$68	9.2 bp −$918	20.9 bp −$10.5K
Sell GRVT live order book, 2 min ago	0.75 bp	6.4 bp −$6	6.7 bp −$67	42.4 bp −$4,239	doesn't fit

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
Kraken Futures PF_XAGUSD	−0.0272%	1h	66.211	−0.037%	$766K	$569K	25x	as long as short
dYdX XAG-USD	0.0000%	1h	66.175	−0.091%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.250	+0.022%	$25.6M	$33.3M	150x	as long as short
RISEx XAG/USDC	0.0000%	1h	66.240	+0.006%	$1.3M	$4.2M	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.240	+0.007%	$146.2M	$173.0M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.250	+0.022%	$2K	$3.1M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.270	+0.052%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.260	+0.037%	$1.5M	$248K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.171	−0.098%	$120K	—	250x	as long as short
QFEX SILVER-USD	+0.0016%	1h	66.230	−0.008%	$144K	$2.8M	20x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XAG	+0.0032%	1h	66.225	−0.015%	$4.7M	$9.8M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.167	−0.104%	$5.5M	$12.4M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.248%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.190	−0.069%	$792K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.671	+0.658%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.199	−0.055%	$165.0M	$88.4M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.206	−0.044%	$3.9M	$698K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.170	−0.099%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.150	−0.129%	$5.7M	$9.9M	25x	as long as short
Kalshi KXSILVERPERP	+0.0057%	24h	66.194	−0.063%	$583K	$21.3M	8.1x	as long as short
Aster XAGUSDT	+0.0063%	4h	66.247	+0.017%	$2.8M	$1.0M	100x	as long as short
Variational Omni XAG	+0.0064%	4h	66.237	+0.002%	$5.5M	$10.5M	—	as long as short
Bitget XAGUSDT	+0.0064%	4h	66.250	+0.022%	$24.0M	$47.8M	100x	as long as short
Hotstuff SILVER-PERP	+0.0072%	1h	66.203	−0.049%	$35K	$21K	20x	as long as short
Phoenix SILVER	+0.0073%	1h	66.194	−0.063%	$56K	$26K	25x	as long as short
MEXC SILVER_USDT	+0.0080%	4h	66.240	+0.007%	$121.6M	$182.2M	1000x	as long as short
Binance XAGUSDT	+0.0082%	4h	66.240	+0.007%	$189.7M	$728.4M	100x	as long as short
edgeX XAGUSDClong	+0.0084%	4h	66.235	long leg	$672K	$315K	30x
Aevo XAG-PERP	+0.0088%	1h	66.233	−0.004%	$48K	—	10x	as long as short
Pacifica XAG	+0.0100%	1h	66.184	−0.078%	$473K	$625K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.210	−0.038%	$24.3M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.180	−0.084%	$113K	$26K	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	66.220	−0.023%	$1.9M	$862K	20x	as long as short
GRVT XAG_USDT_Perpshort	+0.0110%	4h	66.240	+0.007%	$390K	$1.5M	25x
Paradex XAG-USD-PERP	+0.0116%	8h	66.224	−0.017%	$30K	$1K	5x	as long as short
BloFin XAG-USDT	+0.0123%	4h	66.250	+0.022%	$2.5M	$847K	100x	as long as short
Aftermath Perps XAGUSD	+0.0125%	1h	66.196	−0.059%	$80K	$40K	10x	as long as short
Lighter XAG	+0.0136%	1h	66.226	−0.014%	$5.2M	$11.0M	25x	as long as short
Hibachi XAG/USDT-P	+0.0144%	1h	66.193	−0.063%	$20K	$22K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0172%	8h	66.260	+0.037%	$27.3M	$66.4M	50x	as long as short
Nado XAG-PERP	+0.0221%	1h	66.181	−0.083%	$1.3M	$6.5M	10x	as long as short
Bullet SILVER-USD	+0.0264%	1h	66.244	+0.013%	$44K	$74K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0302% / S −0.0300%	1h	66.245	+0.014%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0354%	1h	66.220	−0.023%	$51K	$359K	20x	as long as short