Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0185%/8h= −20.3% APRpaid last 24h −0.059%

Price spread now: Paradex against GMX+0.026%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 Paradex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Paradex is 0.026% dearer against GMX than usual: you sell high and buy low (spread +0.026% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 11 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX SILVER/USD [ETH-USDC]	65.325	L +0.0238% / S −0.0196%	pay 0.0030% / 1h	49m 34s	$93K	—	111x
Short	Paradex XAG-USD-PERP	65.342	0.0053	get 0.0053% / 8h	49m 34s	$29K	$1K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$38.91
Price spread: +0.026% → 0.000%: $2.62
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$52.29
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Paradex: no order-book sample. 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 Paradex no order-book sample	—	—	—	—	—

GMX and Paradex: 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
Ondo Perps XAG-USD.P	−0.0057%	1h	65.190	−0.207%	$5.6M	$9.6M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.287	−0.058%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.330	+0.008%	$27.7M	$39.6M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.320	−0.008%	$2K	$2.5M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.360	+0.054%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.360	+0.054%	$1.5M	$281K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.261	−0.097%	$118K	—	250x	as long as short
Variational Omni XAG	+0.0016%	4h	65.312	−0.019%	$5.5M	$9.1M	—	as long as short
Gate XAG_USDT	+0.0030%	4h	65.380	+0.084%	$141.3M	$176.8M	100x	as long as short
Aster XAGUSDT	+0.0030%	4h	65.317	−0.013%	$2.7M	$951K	100x	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	65.314	−0.016%	$4.6M	$9.7M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.303	−0.033%	$5.1M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.646%	$11K	$94K	52x	as long as short
MEXC SILVER_USDT	+0.0040%	4h	65.320	−0.008%	$117.4M	$157.0M	1000x	as long as short
StandX XAG-USD	+0.0040%	1h	65.310	−0.023%	$786K	$2.9M	40x	as long as short
Binance XAGUSDT	+0.0041%	4h	65.320	−0.008%	$191.6M	$761.2M	100x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.300	−0.038%	$152K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.734	+0.626%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.288	−0.057%	$3.8M	$856K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.281	−0.067%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERPshort	+0.0053%	8h	65.342	+0.026%	$29K	$1K	5x
Aevo XAG-PERP	+0.0056%	1h	65.307	−0.028%	$47K	—	10x	as long as short
edgeX XAGUSDC	+0.0057%	4h	65.317	−0.012%	$665K	$313K	30x	as long as short
Phoenix SILVER	+0.0061%	1h	65.287	−0.058%	$56K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0077%	1h	65.332	+0.011%	$169.7M	$81.6M	25x	as long as short
Kalshi KXSILVERPERP	+0.0079%	24h	65.293	−0.049%	$477K	$31.8M	8.1x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	65.360	+0.054%	$1.6M	$1.4M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.289	−0.056%	$469K	$612K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.330	+0.008%	$25.3M	$5.0M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.260	−0.100%	$112K	$19K	50x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.321	−0.006%	$1.2M	$4.9M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0134%	4h	65.317	−0.013%	$384K	$1.6M	25x	as long as short
Lighter XAG	+0.0160%	1h	65.343	+0.028%	$5.3M	$11.1M	25x	as long as short
Bitget XAGUSDT	+0.0166%	4h	65.310	−0.023%	$23.7M	$45.4M	100x	as long as short
BloFin XAG-USDT	+0.0166%	4h	65.330	+0.008%	$2.7M	$582K	100x	as long as short
Nado XAG-PERP	+0.0166%	1h	65.272	−0.081%	$1.2M	$4.8M	10x	as long as short
Hibachi XAG/USDT-P	+0.0168%	1h	65.287	−0.058%	$20K	$17K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0176%	8h	65.340	+0.023%	$28.1M	$70.6M	50x	as long as short
Hotstuff SILVER-PERP	+0.0192%	1h	65.332	+0.011%	$35K	$21K	20x	as long as short
Aftermath Perps XAGUSD	+0.0209%	1h	65.303	−0.034%	$78K	$37K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.320	−0.008%	$65K	$387K	20x	as long as short
Bullet SILVER-USD	+0.0225%	1h	65.326	+0.002%	$45K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]long	L +0.0238% / S −0.0196%	1h	65.325	long leg	$93K	—	111x
Kraken Futures PF_XAGUSD	+0.0363%	1h	65.294	−0.047%	$1.0M	$872K	25x	as long as short