Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0024%/8h= +2.7% APRpaid last 24h +0.006%

Price spread now: Bullet against GRVT+0.004%7-day average — · you sell dearer than you buy

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

Long on GRVT Short on Bullet

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 airdropGRVT: Active · farm boardneeds 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: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT XAG_USDT_Perp	66.021	0.0204	pay 0.0102% / 4h	3h 25m	$394K	$1.5M	25x
Short	Bullet SILVER-USD	66.024	0.0228	get 0.0029% / 1h	25m 15s	$44K	$76K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now +0.004%Rate

Funding earned: $5.12
Price spread: +0.004% → 0.000%: $0.39
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$11.49
Costs to cover: 0.170%
Break-even: 22.7 days

Slippage unknown: GRVT: live order book, 3 min ago; Bullet: 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, 3 min ago	0.76 bp	6.6 bp −$7	9.3 bp −$93	44.4 bp −$4,437	doesn't fit
Sell Bullet no order-book sample	—	—	—	—	—

Bullet: 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	−0.0054%	1h	65.900	−0.184%	$5.7M	$9.3M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.934	−0.133%	$14K	—	5x	as long as short
SunX XAG-USDT	0.0000%	4h	66.030	+0.013%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.060	+0.058%	$1.0M	$964K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.030	+0.013%	$1.5M	$320K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.965	−0.085%	$120K	—	250x	as long as short
Gate XAG_USDT	+0.0006%	4h	66.040	+0.028%	$149.8M	$163.8M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	66.009	−0.018%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.966	−0.083%	$5.2M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.573%	$11K	$94K	52x	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	66.030	+0.013%	$794K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.449	+0.648%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.990	−0.048%	$3.9M	$674K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.965	−0.085%	$3K	$6K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0052%	1h	65.988	−0.051%	$165.9M	$73.8M	25x	as long as short
Paradex XAG-USD-PERP	+0.0057%	8h	66.010	−0.017%	$30K	$1K	5x	as long as short
QFEX SILVER-USD	+0.0060%	1h	66.000	−0.032%	$114K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0073%	1h	65.955	−0.101%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0073%	24h	65.998	−0.036%	$517K	$26.1M	8.1x	as long as short
Hotstuff SILVER-PERP	+0.0080%	1h	65.996	−0.039%	$35K	$21K	20x	as long as short
RISEx XAG/USDC	+0.0080%	1h	66.020	−0.002%	$1.3M	$4.9M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.968	−0.081%	$470K	$608K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.990	−0.048%	$24.4M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.980	−0.063%	$113K	$30K	50x	as long as short
Lighter XAG	+0.0104%	1h	66.011	−0.016%	$5.2M	$10.7M	25x	as long as short
Bybit XAGUSDT	+0.0122%	4h	66.040	+0.028%	$27.7M	$36.6M	150x	as long as short
Aster XAGUSDT	+0.0133%	4h	66.023	+0.003%	$2.7M	$871K	100x	as long as short
Nado XAG-PERP	+0.0171%	1h	65.987	−0.051%	$1.4M	$5.8M	10x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.012	−0.015%	$47K	—	10x	as long as short
Variational Omni XAG	+0.0178%	4h	66.013	−0.013%	$5.6M	$9.4M	—	as long as short
Binance XAGUSDT	+0.0189%	4h	66.019	−0.004%	$191.0M	$701.5M	100x	as long as short
MEXC SILVER_USDT	+0.0190%	4h	66.020	−0.002%	$114.6M	$152.5M	1000x	as long as short
BloFin XAG-USDT	+0.0191%	4h	66.030	+0.013%	$2.6M	$562K	100x	as long as short
Aftermath Perps XAGUSD	+0.0196%	1h	65.980	−0.062%	$79K	$36K	10x	as long as short
edgeX XAGUSDC	+0.0196%	4h	66.015	−0.010%	$670K	$310K	30x	as long as short
GRVT XAG_USDT_Perplong	+0.0204%	4h	66.021	long leg	$394K	$1.5M	25x
Deribit SILVER_USDC-PERPETUAL	+0.0205%	1h	66.010	−0.017%	$75K	$363K	20x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	65.950	−0.108%	$1.8M	$1.0M	20x	as long as short
OKX XAG-USDT-SWAP	+0.0228%	8h	66.030	+0.013%	$27.7M	$64.6M	50x	as long as short
Bullet SILVER-USDshort	+0.0228%	1h	66.024	+0.004%	$44K	$76K	10x
Bitget XAGUSDT	+0.0232%	4h	66.020	−0.002%	$23.9M	$45.2M	100x	as long as short
Hibachi XAG/USDT-P	+0.0296%	1h	65.981	−0.061%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0387% / S −0.0440%	1h	66.025	+0.005%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0624%	1h	65.997	−0.037%	$911K	$683K	25x	as long as short