Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0142%/8h= +15.5% APRpaid last 24h +0.068%

Price spread now: Deribit against GRVT−0.045%75s7-day average −0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$290.292% of the position

Long on GRVT Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.092%+$9 on $10k

Price spread, last 3 days (all we have)+0.019%+$2 · spread now −0.045%, 7d avg −0.032%

Together, before fees+0.111%+ Points / potential airdropGRVT: Active · farm board+$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.032%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate. The two prices were read 75 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	66.560	0.0210	pay 0.0105% / 4h	2h 47m	$397K	$1.5M	25x
Short	Deribit SILVER_USDC-PERPETUAL	66.530	0.0352	get 0.0044% / 1h	47m 47s	$50K	$331K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.045%Rate

Funding earned: $29.73
Price spread: −0.045% → −0.032%: −$1.34
Slippage, 4 orders: −$13.21
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$0.81
Costs to cover: 0.292%
Break-even: 7.2 days

Slippage from GRVT: live order book, just now; Deribit: live order book, 21 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, just now	0.75 bp	6.7 bp −$7	8.6 bp −$86	39.6 bp −$3,956	doesn't fit
Sell Deribit live order book, 21 min ago	0.75 bp	10.2 bp −$10	10.6 bp −$106	doesn't fit	doesn't fit

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
Hotstuff SILVER-PERP	−0.0064%	1h	66.557	−0.005%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	66.486	−0.111%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.520	−0.060%	$154.7M	$161.2M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.560	0.000%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.570	+0.015%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.570	+0.015%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.479	−0.121%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.482	−0.118%	$4.8M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.463	−0.145%	$5.4M	$12.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.241%	$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	66.590	+0.045%	$801K	$2.9M	40x	as long as short
Bybit XAGUSDT	+0.0045%	4h	66.550	−0.015%	$26.4M	$36.0M	150x	as long as short
Vest SI-PERP	+0.0046%	1h	66.989	+0.644%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.508	−0.078%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.558	−0.003%	$3.9M	$669K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.484	−0.114%	$3K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.490	−0.105%	$5.7M	$9.6M	25x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.580	+0.030%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0060%	24h	66.543	−0.026%	$566K	$23.0M	8.1x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.600	+0.060%	$1.3M	$4.3M	20x	as long as short
Pacifica XAG	+0.0100%	1h	66.540	−0.030%	$474K	$610K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.500	−0.090%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.580	+0.030%	$127K	$23K	50x	as long as short
tradeXYZ xyz:SILVER	+0.0100%	1h	66.468	−0.138%	$165.9M	$79.2M	25x	as long as short
BloFin XAG-USDT	+0.0103%	4h	66.570	+0.015%	$2.6M	$624K	100x	as long as short
Aster XAGUSDT	+0.0111%	4h	66.520	−0.060%	$2.8M	$1.0M	100x	as long as short
Paradex XAG-USD-PERP	+0.0119%	8h	66.590	+0.046%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0120%	4h	66.595	+0.052%	$5.6M	$9.7M	—	as long as short
Aevo XAG-PERP	+0.0136%	1h	66.544	−0.024%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0138%	4h	66.520	−0.060%	$108.4M	$156.6M	1000x	as long as short
Binance XAGUSDT	+0.0139%	4h	66.520	−0.060%	$192.9M	$712.3M	100x	as long as short
edgeX XAGUSDC	+0.0140%	4h	66.508	−0.078%	$675K	$314K	30x	as long as short
Lighter XAG	+0.0168%	1h	66.501	−0.089%	$5.4M	$10.4M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.550	−0.015%	$1.9M	$965K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0194%	8h	66.520	−0.060%	$28.1M	$66.3M	50x	as long as short
GRVT XAG_USDT_Perplong	+0.0210%	4h	66.560	long leg	$397K	$1.5M	25x
Bitget XAGUSDT	+0.0212%	4h	66.520	−0.060%	$24.5M	$46.2M	100x	as long as short
Aftermath Perps XAGUSD	+0.0216%	1h	66.541	−0.029%	$80K	$39K	10x	as long as short
Nado XAG-PERP	+0.0217%	1h	66.543	−0.025%	$1.3M	$6.5M	10x	as long as short
Hibachi XAG/USDT-P	+0.0280%	1h	66.528	−0.049%	$20K	$22K	10x	as long as short
Bullet SILVER-USD	+0.0283%	1h	66.564	+0.007%	$45K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0292% / S −0.0281%	1h	66.555	−0.008%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUALshort	+0.0352%	1h	66.530	−0.045%	$50K	$331K	20x
Kraken Futures PF_XAGUSD	+0.0461%	1h	66.521	−0.059%	$767K	$546K	25x	as long as short