Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0084%/8h= −9.2% APRpaid last 24h −0.034%

Price spread now: Aevo against GRVT−0.088%7-day average — · you buy dearer than you sell

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

Long on GRVT Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Aevo is 0.088% cheaper against GRVT than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT XAG_USDT_Perp	66.300	0.0260	pay 0.0130% / 4h	1h 12m	$390K	$1.5M	25x
Short	Aevo XAG-PERP	66.242	0.0176	get 0.0022% / 1h	12m 57s	$48K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against GRVT. 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 GRVTbpFee AevobpOrdersPrice spread, now −0.088%Rate

Funding earned: −$17.64
Price spread: −0.088% → 0.000%: −$8.82
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$51.46
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, just now; Aevo: 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 GRVT live order book, just now	0.75 bp	8.0 bp −$8	11.7 bp −$117	44.1 bp −$4,412	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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	66.212	−0.133%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.260	−0.060%	$149.9M	$164.9M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.250	−0.075%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.280	−0.030%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.270	−0.045%	$1.5M	$252K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.180	−0.181%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.233	−0.101%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.186	−0.171%	$5.2M	$12.0M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.151%	$11K	$94K	52x	as long as short
Hotstuff SILVER-PERP	+0.0040%	1h	66.228	−0.109%	$35K	$21K	20x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	66.210	−0.136%	$796K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.690	+0.588%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.220	−0.121%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.177	−0.186%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.140	−0.241%	$5.7M	$9.8M	25x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.240	−0.090%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0065%	24h	66.207	−0.140%	$543K	$24.8M	8.1x	as long as short
Phoenix SILVER	+0.0084%	1h	66.217	−0.125%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0093%	1h	66.227	−0.110%	$166.0M	$73.7M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.198	−0.153%	$471K	$611K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.200	−0.151%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.270	−0.045%	$113K	$30K	50x	as long as short
Paradex XAG-USD-PERP	+0.0126%	8h	66.248	−0.079%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0128%	4h	66.244	−0.085%	$2.7M	$877K	100x	as long as short
Bybit XAGUSDT	+0.0128%	4h	66.270	−0.045%	$26.9M	$36.1M	150x	as long as short
BloFin XAG-USDT	+0.0165%	4h	66.280	−0.030%	$2.6M	$552K	100x	as long as short
Aevo XAG-PERPshort	+0.0176%	1h	66.242	−0.088%	$48K	—	10x
Variational Omni XAG	+0.0180%	4h	66.272	−0.042%	$5.6M	$9.8M	—	as long as short
RISEx XAG/USDC	+0.0181%	1h	66.262	−0.058%	$1.3M	$4.4M	20x	as long as short
Lighter XAG	+0.0184%	1h	66.239	−0.092%	$5.2M	$10.5M	25x	as long as short
MEXC SILVER_USDT	+0.0190%	4h	66.250	−0.075%	$106.1M	$153.9M	1000x	as long as short
Binance XAGUSDT	+0.0190%	4h	66.258	−0.063%	$192.0M	$705.7M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.220	−0.121%	$1.8M	$1.0M	20x	as long as short
edgeX XAGUSDC	+0.0202%	4h	66.279	−0.032%	$672K	$315K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0215%	8h	66.260	−0.060%	$27.8M	$65.9M	50x	as long as short
Nado XAG-PERP	+0.0219%	1h	66.206	−0.141%	$1.3M	$6.5M	10x	as long as short
Aftermath Perps XAGUSD	+0.0226%	1h	66.237	−0.095%	$80K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0240%	4h	66.260	−0.060%	$23.8M	$45.7M	100x	as long as short
GRVT XAG_USDT_Perplong	+0.0260%	4h	66.300	long leg	$390K	$1.5M	25x
Bullet SILVER-USD	+0.0270%	1h	66.260	−0.061%	$45K	$75K	10x	as long as short
Hibachi XAG/USDT-P	+0.0280%	1h	66.220	−0.121%	$20K	$19K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0354%	1h	66.230	−0.106%	$50K	$322K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0356% / S −0.0381%	1h	66.255	−0.068%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0550%	1h	66.221	−0.119%	$914K	$671K	25x	as long as short