Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0189%/8h= −20.7% APRpaid last 24h −0.050%

Price spread now: MEXC against GMX+0.008%7-day average — · you sell dearer than you buy

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

Long on GMX Short on MEXC

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—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX SILVER/USD [ETH-USDC]	64.945	L +0.0237% / S −0.0196%	pay 0.0030% / 1h	37m 47s	$92K	—	111x
Short	MEXC SILVER_USDT	64.950	0.0048	get 0.0024% / 4h	3h 37m	$120.8M	$158.0M	1000x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.008%Rate

Funding earned: −$39.79
Price spread: +0.008% → 0.000%: $0.77
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$51.02
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; MEXC: 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 MEXC live order book, 1 min ago	0.77 bp	0.8 bp −$1	0.8 bp −$8	0.8 bp −$77	2.6 bp −$1,316

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	64.862	−0.128%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	64.950	+0.008%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	64.970	+0.038%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	64.950	+0.008%	$1.4M	$308K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	64.880	−0.101%	$117K	—	250x	as long as short
Variational Omni XAG	+0.0012%	4h	64.904	−0.063%	$5.3M	$9.1M	—	as long as short
Lighter RH XAG	+0.0032%	1h	64.950	+0.008%	$4.6M	$9.7M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	64.880	−0.100%	$5.0M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+2.240%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	64.950	+0.008%	$781K	$3.0M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate XAG_USDT	+0.0042%	4h	64.970	+0.038%	$138.8M	$181.5M	100x	as long as short
Vest SI-PERP	+0.0046%	1h	65.344	+0.614%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0047%	1h	64.920	−0.038%	$445K	$1.5M	20x	as long as short
MEXC SILVER_USDTshort	+0.0048%	4h	64.950	+0.008%	$120.8M	$158.0M	1000x
Binance XAGUSDT	+0.0049%	4h	64.956	+0.017%	$196.0M	$768.0M	100x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	64.902	−0.066%	$3.8M	$890K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	64.877	−0.105%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	64.830	−0.177%	$5.6M	$9.9M	25x	as long as short
Paradex XAG-USD-PERP	+0.0059%	8h	64.888	−0.087%	$29K	$166	5x	as long as short
Aster XAGUSDT	+0.0063%	4h	64.940	−0.008%	$2.6M	$997K	100x	as long as short
Aevo XAG-PERP	+0.0064%	1h	64.917	−0.043%	$47K	—	10x	as long as short
edgeX XAGUSDC	+0.0073%	4h	64.921	−0.037%	$661K	$313K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0080%	1h	64.900	−0.069%	$1.6M	$1.4M	20x	as long as short
Kalshi KXSILVERPERP	+0.0084%	24h	64.875	−0.108%	$484K	$33.8M	8.1x	as long as short
Hotstuff SILVER-PERP	+0.0096%	1h	64.899	−0.071%	$35K	$21K	20x	as long as short
Pacifica XAG	+0.0100%	1h	64.880	−0.100%	$463K	$592K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	64.900	−0.069%	$25.2M	$4.4M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	64.890	−0.085%	$111K	$19K	50x	as long as short
Phoenix SILVER	+0.0111%	1h	64.865	−0.123%	$55K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0139%	1h	64.923	−0.034%	$174.2M	$86.4M	25x	as long as short
Bybit XAGUSDT	+0.0158%	4h	64.980	+0.054%	$29.3M	$41.9M	150x	as long as short
RISEx XAG/USDC	+0.0158%	1h	64.928	−0.026%	$1.2M	$4.9M	20x	as long as short
Nado XAG-PERP	+0.0162%	1h	64.863	−0.127%	$1.2M	$4.3M	10x	as long as short
Bitget XAGUSDT	+0.0186%	4h	64.960	+0.023%	$23.1M	$45.4M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0191%	8h	64.960	+0.023%	$28.6M	$72.5M	50x	as long as short
GRVT XAG_USDT_Perp	+0.0192%	4h	64.971	+0.039%	$390K	$1.6M	25x	as long as short
BloFin XAG-USDT	+0.0197%	4h	64.950	+0.008%	$2.7M	$646K	100x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0212%	1h	64.920	−0.038%	$76K	$426K	20x	as long as short
Aftermath Perps XAGUSD	+0.0215%	1h	64.917	−0.043%	$78K	$37K	10x	as long as short
Lighter XAG	+0.0232%	1h	64.948	+0.005%	$5.3M	$11.0M	25x	as long as short
GMX SILVER/USD [ETH-USDC]long	L +0.0237% / S −0.0196%	1h	64.945	long leg	$92K	—	111x
Bullet SILVER-USD	+0.0305%	1h	64.946	+0.002%	$45K	$75K	10x	as long as short
Hibachi XAG/USDT-P	+0.0336%	1h	64.880	−0.100%	$20K	$15K	10x	as long as short
Kraken Futures PF_XAGUSD	+0.0420%	1h	64.913	−0.049%	$1.0M	$868K	25x	as long as short