Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0038%/8h= +4.2% APRpaid last 24h −0.007%

Price spread now: GRVT against Extended+0.117%7-day average +0.078% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$220.221% of the position

Long on Extended Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 7 days−0.110%−$11 · spread now +0.117%, 7d avg +0.078%

Together, before fees−0.129%+ Points / potential airdropExtended: Active · GRVT: Active · farm board−$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and GRVT is 0.038% dearer against Extended than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.078%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XAG-USD	66.541	0.0032	pay 0.0004% / 1h	35m 32s	$5.4M	$12.4M	10x
Short	GRVT XAG_USDT_Perp	66.618	0.0070	get 0.0035% / 4h	3h 35m	$392K	$1.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Extended. 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 ExtendedbpFee GRVTbpOrdersPrice spread, now +0.117%Rate

Funding earned: $7.98
Price spread: +0.117% → +0.078%: $3.82
Slippage, 4 orders: −$8.07
Fee Extended: 2.5 bp × 2 orders: −$5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$10.27
Costs to cover: 0.221%
Break-even: 16.0 days

Slippage from Extended: live order book, 4 min ago; GRVT: live order book, 3 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 Extended live order book, 4 min ago	0.08 bp	2.6 bp −$3	5.5 bp −$55	13.3 bp −$1,326	doesn't fit
Sell GRVT live order book, 3 min ago	0.75 bp	8.1 bp −$8	10.4 bp −$104	43.5 bp −$4,349	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
Hotstuff SILVER-PERP	−0.0016%	1h	66.601	+0.091%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	66.544	+0.006%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.620	+0.119%	$26.1M	$35.4M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.600	+0.089%	$155.4M	$167.4M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.630	+0.134%	$2K	$3.0M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.660	+0.179%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.660	+0.179%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.566	+0.038%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.624	+0.125%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USDlong	+0.0032%	1h	66.541	long leg	$5.4M	$12.4M	10x

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.211%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.600	+0.089%	$801K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	67.036	+0.744%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.568	+0.041%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.594	+0.080%	$165.6M	$85.4M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.560	+0.029%	$3.9M	$700K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.571	+0.046%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.490	−0.076%	$5.7M	$9.7M	25x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.580	+0.059%	$115K	$2.8M	20x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.571	+0.046%	$567K	$21.5M	8.1x	as long as short
GRVT XAG_USDT_Perpshort	+0.0070%	4h	66.618	+0.117%	$392K	$1.5M	25x
Variational Omni XAG	+0.0086%	4h	66.625	+0.126%	$5.6M	$9.9M	—	as long as short
Aster XAGUSDT	+0.0088%	4h	66.583	+0.064%	$2.8M	$1.1M	100x	as long as short
Paradex XAG-USD-PERP	+0.0090%	8h	66.608	+0.101%	$30K	$1K	5x	as long as short
MEXC SILVER_USDT	+0.0096%	4h	66.600	+0.089%	$108.0M	$160.0M	1000x	as long as short
Binance XAGUSDT	+0.0098%	4h	66.602	+0.092%	$192.9M	$722.5M	100x	as long as short
Pacifica XAG	+0.0100%	1h	66.550	+0.015%	$475K	$626K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.610	+0.104%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.550	+0.014%	$127K	$26K	50x	as long as short
edgeX XAGUSDC	+0.0100%	4h	66.608	+0.102%	$676K	$314K	30x	as long as short
Lighter XAG	+0.0104%	1h	66.591	+0.075%	$5.4M	$10.5M	25x	as long as short
Aevo XAG-PERP	+0.0104%	1h	66.618	+0.117%	$48K	—	10x	as long as short
BloFin XAG-USDT	+0.0110%	4h	66.630	+0.134%	$2.6M	$704K	100x	as long as short
RISEx XAG/USDC	+0.0148%	1h	66.602	+0.092%	$1.3M	$4.3M	20x	as long as short
Nado XAG-PERP	+0.0160%	1h	66.539	−0.002%	$1.3M	$6.5M	10x	as long as short
Bitget XAGUSDT	+0.0166%	4h	66.600	+0.089%	$24.5M	$48.1M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.580	+0.059%	$1.9M	$929K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0188%	8h	66.610	+0.104%	$28.2M	$66.9M	50x	as long as short
Aftermath Perps XAGUSD	+0.0188%	1h	66.596	+0.083%	$80K	$39K	10x	as long as short
Bullet SILVER-USD	+0.0208%	1h	66.636	+0.143%	$45K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0240%	1h	66.580	+0.059%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.635	+0.142%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0351%	1h	66.630	+0.134%	$50K	$335K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0488%	1h	66.600	+0.090%	$766K	$567K	25x	as long as short