Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.039%

Price spread now: Extended against GRVT−0.124%72s7-day average −0.083% · you buy dearer than you sell

Net, funding: paid 7d − costs−$23as 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−$200.202% of the position

Long on GRVT Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.030%−$3 on $10k

Price spread, last 7 days+0.089%+$9 · spread now −0.124%, 7d avg −0.083%

Together, before fees+0.059%+ Points / potential airdropGRVT: Active · Extended: Active · farm board+$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Extended is 0.041% cheaper against GRVT than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.083%). Swap the legs. The two prices were read 72 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	65.371	0.0136	pay 0.0068% / 4h	1h 06m	$391K	$1.6M	25x
Short	Extended XAG-USD	65.290	0.0032	get 0.0004% / 1h	6m 05s	$5.1M	$11.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.124%Rate

Funding earned: −$21.84
Price spread: −0.124% → −0.083%: −$4.09
Slippage, 4 orders: −$6.18
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$46.11
Costs to cover: 0.202%
Break-even: never at this rate

Slippage from GRVT: live order book, 2 min ago; Extended: live order book, 3 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, 2 min ago	1.53 bp	6.0 bp −$6	6.0 bp −$60	37.3 bp −$3,727	doesn't fit
Sell Extended live order book, 3 min ago	0.08 bp	2.8 bp −$3	3.5 bp −$35	10.2 bp −$1,020	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
Ondo Perps XAG-USD.P	−0.0075%	1h	65.230	−0.216%	$5.6M	$9.7M	25x	as long as short
Hotstuff SILVER-PERP	−0.0008%	1h	65.326	−0.069%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	65.303	−0.105%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.350	−0.033%	$27.8M	$39.5M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.330	−0.063%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.400	+0.044%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.340	−0.048%	$1.5M	$281K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.287	−0.129%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0030%	4h	65.360	−0.017%	$141.1M	$184.2M	100x	as long as short
Variational Omni XAG	+0.0030%	4h	65.393	+0.033%	$5.5M	$9.3M	—	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XAG	+0.0032%	1h	65.323	−0.073%	$4.6M	$9.8M	25x	as long as short
Extended XAG-USDshort	+0.0032%	1h	65.290	−0.124%	$5.1M	$11.6M	10x
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.574%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.360	−0.017%	$786K	$2.9M	40x	as long as short
Aster XAGUSDT	+0.0040%	4h	65.330	−0.063%	$2.7M	$975K	100x	as long as short
Vest SI-PERP	+0.0046%	1h	65.766	+0.604%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0050%	1h	65.350	−0.033%	$152K	$1.4M	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.322	−0.075%	$3.8M	$854K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.277	−0.144%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0054%	8h	65.332	−0.060%	$29K	$1K	5x	as long as short
Binance XAGUSDT	+0.0056%	4h	65.330	−0.063%	$191.4M	$763.7M	100x	as long as short
MEXC SILVER_USDT	+0.0056%	4h	65.330	−0.063%	$117.2M	$157.8M	1000x	as long as short
edgeX XAGUSDC	+0.0058%	4h	65.376	+0.007%	$665K	$312K	30x	as long as short
tradeXYZ xyz:SILVER	+0.0058%	1h	65.303	−0.105%	$170.2M	$82.9M	25x	as long as short
RISEx XAG/USDC	+0.0061%	1h	65.364	−0.011%	$1.2M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0061%	1h	65.300	−0.109%	$56K	$31K	25x	as long as short
Aevo XAG-PERP	+0.0072%	1h	65.330	−0.063%	$47K	—	10x	as long as short
Kalshi KXSILVERPERP	+0.0078%	24h	65.314	−0.088%	$469K	$31.2M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	65.292	−0.121%	$468K	$625K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.300	−0.109%	$25.3M	$5.0M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.340	−0.048%	$112K	$19K	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0120%	1h	65.290	−0.124%	$1.6M	$1.4M	20x	as long as short
Hibachi XAG/USDT-P	+0.0128%	1h	65.316	−0.085%	$20K	$19K	10x	as long as short
GRVT XAG_USDT_Perplong	+0.0136%	4h	65.371	long leg	$391K	$1.6M	25x
Nado XAG-PERP	+0.0147%	1h	65.306	−0.100%	$1.2M	$5.1M	10x	as long as short
Lighter XAG	+0.0160%	1h	65.324	−0.073%	$5.3M	$11.6M	25x	as long as short
Bitget XAGUSDT	+0.0172%	4h	65.330	−0.063%	$23.8M	$46.3M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0183%	8h	65.340	−0.048%	$28.0M	$70.7M	50x	as long as short
Bullet SILVER-USD	+0.0202%	1h	65.335	−0.055%	$44K	$76K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.330	−0.063%	$65K	$383K	20x	as long as short
Aftermath Perps XAGUSD	+0.0210%	1h	65.333	−0.058%	$79K	$37K	10x	as long as short
BloFin XAG-USDT	+0.0224%	4h	65.380	+0.013%	$2.6M	$591K	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0273% / S −0.0241%	1h	65.375	+0.006%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0493%	1h	65.314	−0.087%	$917K	$748K	25x	as long as short