XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0019%/8h= −2.1% APRnext payment −$0.10 per $10,000 · paid last 24h −0.028%

Price spread now: Bybit against GRVT+0.059%90s7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$260.258% of the position

Long on GRVT Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.091%−$9 on $10k

Price spread, last 7 days−0.057%−$6 · spread now +0.059%, 7d avg −0.002%

Together, before fees−0.148%+ Points / potential airdropGRVT: Active · farm board−$15 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.061% dearer against GRVT than usual: you sell high and buy low (spread +0.059% now, against its 7-day average of −0.002%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 11 days. At the pace of the last 7 days (−0.091% in total) that is about 4.7 days. The two prices were read 90 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT XAG_USDT_Perp	65.551	0.0076	pay 0.0038% / 4h	10m 01s	$384K	$1.6M	25x
Short	Bybit XAGUSDT	65.590	0.0057	get 0.0028% / 4h	10m 01s	$30.8M	$48.6M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.059%Rate

Funding earned: −$4
Price spread: +0.059% → −0.002%: $6.09
Slippage, 4 orders: −$5.78
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$23.7
Costs to cover: 0.258%
Break-even: never at this rate

Slippage from GRVT: live order book, 1 min ago; Bybit: live order book, 2 min ago.

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, 1 min ago	0.76 bp	6.5 bp −$7	6.8 bp −$68	38.2 bp −$3,817	doesn't fit
Sell Bybit live order book, 2 min ago	0.76 bp	6.3 bp −$6	8.8 bp −$88	17.0 bp −$1,703	69.7 bp −$34.8K

XAG on 44 exchanges

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
Hotstuff SILVER-PERP	−0.6920%	1h	65.534	−0.026%	$39K	$26K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	65.485	−0.101%	$13K	$8K	5x	as long as short
RISEx XAG/USDC	0.0000%	1h	65.581	+0.046%	$1.3M	$5.6M	20x	as long as short
Gate XAG_USDT	0.0000%	4h	65.580	+0.044%	$135.1M	$204.4M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.560	+0.013%	$2K	$2.3M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.570	+0.029%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.570	+0.029%	$1.5M	$257K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.489	−0.095%	$118K	—	250x	as long as short
Variational Omni XAG	+0.0014%	4h	65.557	+0.009%	$5.4M	$9.3M	—	as long as short
Ondo Perps XAG-USD.P	+0.0027%	1h	65.470	−0.124%	$5.7M	$11.1M	25x	as long as short

Show all 44 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XAG	+0.0032%	1h	65.558	+0.010%	$4.6M	$10.0M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.494	−0.087%	$5.1M	$12.3M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	64.602	−1.448%	$11K	$240	52x	as long as short
Aster XAGUSDT	+0.0038%	4h	65.550	−0.002%	$2.7M	$1.2M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.570	+0.029%	$789K	$3.1M	40x	as long as short
MEXC SILVER_USDT	+0.0042%	4h	65.560	+0.013%	$120.5M	$166.5M	1000x	as long as short
QFEX SILVER-USD	+0.0042%	1h	65.550	−0.002%	$446K	$1.4M	20x	as long as short
Binance XAGUSDT	+0.0043%	4h	65.569	+0.026%	$191.0M	$863.0M	100x	as long as short
Vest SI-PERP	+0.0046%	1h	66.000	+0.685%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.536	−0.023%	$3.8M	$1.5M	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.495	−0.086%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0052%	8h	65.549	−0.003%	$29K	—	5x	as long as short
Aevo XAG-PERP	+0.0056%	1h	65.509	−0.064%	$47K	—	10x	as long as short
Bybit XAGUSDTshort	+0.0057%	4h	65.590	+0.059%	$30.8M	$48.6M	150x
edgeX XAGUSDC	+0.0065%	4h	65.539	−0.018%	$668K	$313K	30x	as long as short
GRVT XAG_USDT_Perplong	+0.0076%	4h	65.551	long leg	$384K	$1.6M	25x
tradeXYZ xyz:SILVER	+0.0084%	1h	65.529	−0.034%	$175.6M	$86.4M	25x	as long as short
Pacifica XAG	+0.0100%	1h	65.506	−0.069%	$462K	$505K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.530	−0.032%	$25.3M	$4.1M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.510	−0.063%	$112K	$19K	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	65.540	−0.017%	$1.6M	$2.1M	20x	as long as short
Kalshi KXSILVERPERP	+0.0111%	24h	65.556	+0.007%	$788K	$38.8M	8.1x	as long as short
Nado XAG-PERP	+0.0129%	1h	65.514	−0.057%	$1.1M	$3.2M	10x	as long as short
Phoenix SILVER	+0.0134%	1h	65.526	−0.038%	$55K	$15K	25x	as long as short
Lighter XAG	+0.0144%	1h	65.559	+0.012%	$5.3M	$12.2M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0160%	8h	65.570	+0.029%	$27.6M	$86.5M	50x	as long as short
BloFin XAG-USDT	+0.0172%	4h	65.550	−0.002%	$2.6M	$770K	100x	as long as short
Bitget XAGUSDT	+0.0186%	4h	65.570	+0.029%	$23.4M	$53.5M	100x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0208%	1h	65.540	−0.017%	$77K	$381K	20x	as long as short
Aftermath Perps XAGUSD	+0.0224%	1h	65.522	−0.045%	$79K	$37K	10x	as long as short
Hibachi XAG/USDT-P	+0.0232%	1h	65.518	−0.050%	$21K	$12K	10x	as long as short
Bullet SILVER-USD	+0.0236%	1h	65.589	+0.057%	$43K	$70K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0244% / S −0.0204%	1h	65.565	+0.021%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0540%	1h	65.542	−0.015%	$1.0M	$959K	25x	as long as short