Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0276%/8h= −30.3% APRpaid last 24h −0.050%

Price spread now: Aster against GMX+0.160%7-day average −0.014% · you sell dearer than you buy

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

Long on GMX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.211%−$21 on $10k

Price spread, last 4 days (all we have)−0.216%−$22 · spread now +0.160%, 7d avg −0.014%

Together, before fees−0.427%+ Points / potential airdropAster: Stage 5 · farm board−$43 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.175% dearer against GMX than usual: you sell high and buy low (spread +0.160% now, against its 7-day average of −0.014%): +$17 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX SILVER/USD [ETH-USDC]	65.435	L +0.0366% / S −0.0361%	pay 0.0046% / 1h	12m 46s	$93K	—	111x
Short	Aster XAGUSDT	65.540	0.0089	get 0.0045% / 4h	2h 12m	$2.7M	$940K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against GMX. 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 GMXbpFee AsterbpOrdersPrice spread, now +0.160%Rate

Funding earned: −$58.05
Price spread: +0.160% → −0.014%: $17.49
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$60.56
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Aster: live order book, 1 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 GMX no order-book sample	—	—	—	—	—
Sell Aster live order book, 1 min ago	0.76 bp	4.8 bp −$5	7.1 bp −$71	16.2 bp −$1,620	doesn't fit

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
dYdX XAG-USD	0.0000%	1h	65.424	−0.016%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.430	−0.008%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.470	+0.053%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.450	+0.023%	$1.5M	$280K	100x	as long as short
Ondo Perps XAG-USD.P	+0.0001%	1h	65.330	−0.160%	$5.6M	$9.6M	25x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.375	−0.092%	$118K	—	250x	as long as short
RISEx XAG/USDC	+0.0030%	1h	65.461	+0.039%	$1.2M	$4.9M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	65.519	+0.129%	$4.7M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.423	−0.018%	$5.1M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.475%	$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
Phoenix SILVER	+0.0036%	1h	65.388	−0.072%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	65.400	−0.053%	$787K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.854	+0.640%	—	—	25x	as long as short
Gate XAG_USDT	+0.0048%	4h	65.530	+0.145%	$145.2M	$178.5M	100x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.420	−0.023%	$3.9M	$710K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.373	−0.095%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.450	+0.023%	$157K	$2.8M	20x	as long as short
Hotstuff SILVER-PERP	+0.0056%	1h	65.362	−0.112%	$35K	$21K	20x	as long as short
Paradex XAG-USD-PERP	+0.0065%	8h	65.513	+0.120%	$29K	$1K	5x	as long as short
Kalshi KXSILVERPERP	+0.0076%	24h	65.417	−0.028%	$476K	$28.8M	8.1x	as long as short
tradeXYZ xyz:SILVER	+0.0082%	1h	65.494	+0.090%	$170.8M	$82.5M	25x	as long as short
Aster XAGUSDTshort	+0.0089%	4h	65.540	+0.160%	$2.7M	$940K	100x
Pacifica XAG	+0.0100%	1h	65.471	+0.055%	$467K	$626K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.480	+0.069%	$24.6M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.360	−0.115%	$112K	$30K	50x	as long as short
Bybit XAGUSDT	+0.0127%	4h	65.570	+0.206%	$28.7M	$39.2M	150x	as long as short
Variational Omni XAG	+0.0131%	4h	65.414	−0.032%	$5.5M	$9.6M	—	as long as short
Lighter XAG	+0.0136%	1h	65.535	+0.153%	$5.3M	$11.2M	25x	as long as short
Aevo XAG-PERP	+0.0136%	1h	65.438	+0.005%	$47K	—	10x	as long as short
Binance XAGUSDT	+0.0139%	4h	65.544	+0.166%	$189.0M	$743.7M	100x	as long as short
MEXC SILVER_USDT	+0.0140%	4h	65.560	+0.191%	$122.2M	$160.9M	1000x	as long as short
edgeX XAGUSDC	+0.0152%	4h	65.410	−0.039%	$666K	$314K	30x	as long as short
Nado XAG-PERP	+0.0159%	1h	65.411	−0.037%	$1.3M	$5.5M	10x	as long as short
Hibachi XAG/USDT-P	+0.0168%	1h	65.360	−0.115%	$20K	$19K	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.150	−0.436%	$1.6M	$1.3M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0204%	4h	65.430	−0.008%	$397K	$1.5M	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.420	−0.023%	$66K	$367K	20x	as long as short
Aftermath Perps XAGUSD	+0.0209%	1h	65.403	−0.048%	$79K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0214%	4h	65.540	+0.160%	$23.7M	$46.5M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0216%	8h	65.570	+0.206%	$27.8M	$69.9M	50x	as long as short
Bullet SILVER-USD	+0.0245%	1h	65.437	+0.004%	$43K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]long	L +0.0366% / S −0.0361%	1h	65.435	long leg	$93K	—	111x
BloFin XAG-USDT	+0.0380%	4h	65.460	+0.038%	$2.6M	$627K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0471%	1h	65.418	−0.026%	$913K	$735K	25x	as long as short