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Funding arb · Price arb /

XAG

RWAall XAG markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 09:00 UTC−0.0078%/8h= −8.5% APRpaid last 24h −0.036%
Price spread now: GRVT against GMX+0.039%51s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on GMXShort on GRVT
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories
The price spread pays, funding is against you. GRVT is 0.039% dearer against GMX than usual: you sell high and buy low (spread +0.039% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 40 hours. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX SILVER/USD [ETH-USDC]64.805L +0.0238% / S −0.0196%pay 0.0030% / 1h28m 58s$92K—111x
ShortGRVT XAG_USDT_Perp64.8300.0160get 0.0080% / 4h3h 28m$386K$1.6M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT 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

Funding earned
−$16.28
Price spread: +0.039% → 0.000%
$3.86
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$33.42
Costs to cover
0.210%
Break-even
never at this rate
Slippage unknown: GMX: no order-book sample; GRVT: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample—————
Sell GRVT live order book, 4 min ago0.77 bp6.7 bp −$76.8 bp −$6843.3 bp −$4,326doesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX XAG-USD0.0000%1h64.734−0.109%$12K$6K5xas long as short
Gate XAG_USDT0.0000%4h64.780−0.039%$139.2M$185.1M100xas long as short
SunX XAG-USDT0.0000%4h64.820+0.023%$2K$2.4M20xas long as short
HTX XAG-USDT0.0000%4h64.850+0.069%$1.1M$1.3M75xas long as short
Phemex XAGUSDT0.0000%4h64.800−0.008%$1.4M$325K100xas long as short
gTrade (Gains Network) XAG/USDL +0.0004% / S −0.0006%1h64.750−0.085%$117K—250xas long as short
Variational Omni XAG+0.0017%4h64.834+0.045%$5.3M$9.1M—as long as short
Lighter RH XAG+0.0032%1h64.797−0.012%$4.5M$9.8M25xas long as short
Extended XAG-USD+0.0032%1h64.705−0.155%$5.0M$12.1M10xas long as short
Injective XAG/USDC PERP+0.0033%1h66.400+2.461%$11K$94K52xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
StandX XAG-USD+0.0040%1h64.760−0.069%$779K$3.0M40xas long as short
Vest SI-PERP+0.0046%1h65.224+0.647%——25xas long as short
QFEX SILVER-USD+0.0047%1h64.810+0.008%$448K$1.5M20xas long as short
Polymarket Perps SILVER-USD+0.0050%1h64.744−0.094%$3.8M$890K20xas long as short
SoDEX SILVER-USD+0.0050%1h64.732−0.113%$3K$6K20xas long as short
Ondo Perps XAG-USD.P+0.0050%1h64.730−0.116%$5.6M$9.9M25xas long as short
MEXC SILVER_USDT+0.0056%4h64.770−0.054%$121.6M$158.8M1000xas long as short
Binance XAGUSDT+0.0058%4h64.770−0.054%$196.6M$779.4M100xas long as short
edgeX XAGUSDC+0.0058%4h64.839+0.052%$660K$315K30xas long as short
Paradex XAG-USD-PERP+0.0062%8h64.812+0.011%$29K$1665xas long as short
Aevo XAG-PERP+0.0072%1h64.799−0.009%$47K—10xas long as short
Aster XAGUSDT+0.0077%4h64.783−0.034%$2.6M$1.0M100xas long as short
Coinbase International SILVER-PERP-INTX+0.0080%1h64.710−0.147%$1.6M$1.5M20xas long as short
Kalshi KXSILVERPERP+0.0085%24h64.815+0.015%$485K$34.5M8.1xas long as short
Pacifica XAG+0.0100%1h64.770−0.054%$462K$591K10xas long as short
KuCoin XAGUSDTM+0.0100%4h64.730−0.116%$25.0M$4.6M75xas long as short
ApeX Omni XAGUSDT+0.0100%1h64.810+0.008%$111K$19K50xas long as short
Phoenix SILVER+0.0111%1h64.908+0.159%$55K$31K25xas long as short
Hotstuff SILVER-PERP+0.0128%1h64.734−0.110%$34K$21K20xas long as short
tradeXYZ xyz:SILVER+0.0130%1h64.724−0.125%$172.8M$88.3M25xas long as short
RISEx XAG/USDC+0.0158%1h64.822+0.026%$1.2M$4.9M20xas long as short
Nado XAG-PERP+0.0159%1h64.767−0.058%$1.2M$4.2M10xas long as short
GRVT XAG_USDT_Perpshort+0.0160%4h64.830+0.039%$386K$1.6M25x
OKX XAG-USDT-SWAP+0.0193%8h64.770−0.054%$28.8M$74.2M50xas long as short
Bitget XAGUSDT+0.0196%4h64.770−0.054%$23.3M$46.8M100xas long as short
Bybit XAGUSDT+0.0202%4h64.790−0.023%$29.6M$42.9M150xas long as short
Deribit SILVER_USDC-PERPETUAL+0.0213%1h64.770−0.054%$76K$431K20xas long as short
Aftermath Perps XAGUSD+0.0218%1h64.809+0.006%$78K$37K10xas long as short
Lighter XAG+0.0224%1h64.798−0.011%$5.2M$11.1M25xas long as short
BloFin XAG-USDT+0.0231%4h64.840+0.054%$2.7M$667K100xas long as short
GMX SILVER/USD [ETH-USDC]longL +0.0238% / S −0.0196%1h64.805long leg$92K—111x
Bullet SILVER-USD+0.0297%1h64.817+0.019%$45K$75K10xas long as short
Hibachi XAG/USDT-P+0.0360%1h64.725−0.123%$20K$15K10xas long as short
Kraken Futures PF_XAGUSD+0.0420%1h64.782−0.035%$1.0M$891K25xas long as short