Settings8H · net · $10k
Funding arb · Price arb /

XAG

RWAall XAG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0129%/8h= −14.2% APRnext payment $0.65 per $10,000 · paid last 24h +0.004%
Price spread now: Aster against GRVT+0.038%110s7-day average −0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$260.258% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.044%−$4 on $10k
Price spread, last 7 days−0.081%−$8 · spread now +0.038%, 7d avg −0.015%
Together, before fees−0.125%+ Points / potential airdropGRVT: Active · Aster: Stage 5 · farm board−$12 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Aster is 0.053% dearer against GRVT than usual: you sell high and buy low (spread +0.038% now, against its 7-day average of −0.015%): +$5 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 33 hours. At the pace of the last 7 days (−0.044% in total) that is about 8.5 days. The two prices were read 110 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGRVT XAG_USDT_Perp66.3640.0256pay 0.0128% / 4h2h 23m$397K$1.5M25x
ShortAster XAGUSDT66.3900.0127get 0.0063% / 4h2h 23m$2.7M$944K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster 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

Funding earned
−$27.17
Price spread: +0.038% → −0.015%
$5.31
Slippage, 4 orders
−$8.84
Fee GRVT: 4.5 bp × 2 orders
−$9
Fee Aster: 4 bp × 2 orders
−$8
Net
−$47.7
Costs to cover
0.258%
Break-even
never at this rate
Slippage from GRVT: live order book, 5 min ago; Aster: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy GRVT live order book, 5 min ago1.51 bp6.0 bp −$614.8 bp −$14842.7 bp −$4,265doesn't fit
Sell Aster live order book, 5 min ago1.51 bp5.5 bp −$66.9 bp −$6912.3 bp −$1,230doesn't fit

XAG on 43 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%1h66.308−0.086%$15K5xas long as short
Gate XAG_USDT0.0000%4h66.380+0.023%$152.7M$163.7M100xas long as short
SunX XAG-USDT0.0000%4h66.380+0.023%$2K$2.8M20xas long as short
HTX XAG-USDT0.0000%4h66.420+0.084%$1.1M$1.1M75xas long as short
Phemex XAGUSDT0.0000%4h66.440+0.114%$1.5M$250K100xas long as short
gTrade (Gains Network) XAG/USDL +0.0004% / S −0.0006%1h66.306−0.088%$120K250xas long as short
Lighter RH XAG+0.0032%1h66.353−0.017%$4.8M$9.5M25xas long as short
Extended XAG-USD+0.0032%1h66.306−0.088%$5.4M$12.1M10xas long as short
Injective XAG/USDC PERP+0.0033%1h66.400+0.054%$11K$94K52xas long as short
StandX XAG-USD+0.0040%1h66.390+0.038%$799K$2.9M40xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest SI-PERP+0.0046%1h66.819+0.685%25xas long as short
Phoenix SILVER+0.0048%1h66.309−0.084%$56K$26K25xas long as short
Polymarket Perps SILVER-USD+0.0050%1h66.363−0.002%$3.9M$669K20xas long as short
SoDEX SILVER-USD+0.0050%1h66.303−0.093%$3K$6K20xas long as short
Ondo Perps XAG-USD.P+0.0050%1h66.270−0.142%$5.7M$9.5M25xas long as short
QFEX SILVER-USD+0.0054%1h66.370+0.008%$115K$2.7M20xas long as short
Kalshi KXSILVERPERP+0.0061%24h66.336−0.043%$568K$23.5M8.1xas long as short
Hotstuff SILVER-PERP+0.0064%1h66.350−0.022%$35K$21K20xas long as short
RISEx XAG/USDC+0.0079%1h66.385+0.031%$1.2M$4.3M20xas long as short
tradeXYZ xyz:SILVER+0.0100%1h66.331−0.050%$165.5M$75.8M25xas long as short
Pacifica XAG+0.0100%1h66.321−0.065%$472K$607K10xas long as short
KuCoin XAGUSDTM+0.0100%4h66.350−0.022%$24.6M$4.5M75xas long as short
ApeX Omni XAGUSDT+0.0100%1h66.370+0.008%$126K$23K50xas long as short
Bybit XAGUSDT+0.0120%4h66.400+0.054%$26.7M$36.3M150xas long as short
Aster XAGUSDTshort+0.0127%4h66.390+0.038%$2.7M$944K100x
Paradex XAG-USD-PERP+0.0130%8h66.370+0.008%$30K$1K5xas long as short
Variational Omni XAG+0.0150%4h66.344−0.031%$5.5M$9.8Mas long as short
Aevo XAG-PERP+0.0152%1h66.375+0.016%$48K10xas long as short
MEXC SILVER_USDT+0.0168%4h66.380+0.023%$102.6M$158.5M1000xas long as short
Binance XAGUSDT+0.0171%4h66.380+0.023%$192.5M$708.8M100xas long as short
edgeX XAGUSDC+0.0183%4h66.379+0.021%$673K$313K30xas long as short
Coinbase International SILVER-PERP-INTX+0.0184%1h66.350−0.022%$1.9M$969K20xas long as short
Lighter XAG+0.0192%1h66.3650.000%$5.3M$10.6M25xas long as short
OKX XAG-USDT-SWAP+0.0204%8h66.380+0.023%$28.0M$65.8M50xas long as short
Nado XAG-PERP+0.0225%1h66.349−0.023%$1.3M$6.4M10xas long as short
Aftermath Perps XAGUSD+0.0227%1h66.367+0.003%$80K$38K10xas long as short
Bitget XAGUSDT+0.0242%4h66.380+0.023%$23.9M$46.0M100xas long as short
Hibachi XAG/USDT-P+0.0248%1h66.280−0.127%$20K$22K10xas long as short
GRVT XAG_USDT_Perplong+0.0256%4h66.364long leg$397K$1.5M25x
Bullet SILVER-USD+0.0285%1h66.380+0.023%$46K$76K10xas long as short
GMX SILVER/USD [ETH-USDC]L +0.0291% / S −0.0281%1h66.375+0.016%$103K111xas long as short
Deribit SILVER_USDC-PERPETUAL+0.0353%1h66.360−0.007%$50K$325K20xas long as short
Kraken Futures PF_XAGUSD+0.0462%1h66.348−0.025%$765K$478K25xas long as short