Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.044%

Price spread now: Vest against GRVT+0.637%63s7-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 Vest

What this pair did over the last

the charts below follow

Funding, last 4 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 · Vest: Active · farm boardneeds both histories

The price spread pays, funding is against you. Vest is 0.637% dearer against GRVT than usual: you sell high and buy low (spread +0.637% now, against zero (this spread has no 7-day history yet)): +$64 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 22 days. The two prices were read 63 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	65.140	0.0142	pay 0.0071% / 4h	13m 48s	$394K	$1.6M	25x
Short	Vest SI-PERP	65.555	0.0046	get 0.0006% / 1h	13m 48s	—	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now +0.637%Rate

Funding earned: −$20.23
Price spread: +0.637% → 0.000%: $63.71
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Vest: 1 bp × 2 orders: −$2
Net: $32.48
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: GRVT: live order book, 4 min ago; Vest: 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, 4 min ago	0.77 bp	8.2 bp −$8	8.3 bp −$83	40.4 bp −$4,038	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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	−0.0029%	1h	65.030	−0.169%	$5.6M	$9.8M	25x	as long as short
Hotstuff SILVER-PERP	−0.0016%	1h	65.081	−0.091%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	65.145	+0.007%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.210	+0.107%	$27.7M	$39.0M	150x	as long as short
Variational Omni XAG	0.0000%	4h	65.125	−0.023%	$5.5M	$9.1M	—	as long as short
SunX XAG-USDT	0.0000%	4h	65.170	+0.046%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.210	+0.107%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.180	+0.061%	$1.5M	$279K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.091	−0.075%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0026%	4h	65.210	+0.107%	$140.6M	$181.4M	100x	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	65.190	+0.077%	$4.6M	$9.9M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.137	−0.004%	$5.0M	$11.8M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.934%	$11K	$94K	52x	as long as short
MEXC SILVER_USDT	+0.0034%	4h	65.190	+0.077%	$126.7M	$162.0M	1000x	as long as short
Binance XAGUSDT	+0.0035%	4h	65.190	+0.077%	$191.5M	$755.9M	100x	as long as short
edgeX XAGUSDC	+0.0037%	4h	65.135	−0.008%	$663K	$314K	30x	as long as short
Aster XAGUSDT	+0.0039%	4h	65.200	+0.092%	$2.7M	$976K	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.110	−0.046%	$783K	$2.9M	40x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.140	0.000%	$161K	$1.4M	20x	as long as short
Vest SI-PERPshort	+0.0046%	1h	65.555	+0.637%	—	—	25x
Aevo XAG-PERP	+0.0048%	1h	65.150	+0.016%	$47K	—	10x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.119	−0.032%	$3.8M	$892K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.095	−0.069%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0054%	8h	65.117	−0.035%	$29K	$1K	5x	as long as short
Phoenix SILVER	+0.0061%	1h	65.101	−0.060%	$56K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0069%	1h	65.154	+0.021%	$173.2M	$84.8M	25x	as long as short
Kalshi KXSILVERPERP	+0.0080%	24h	65.096	−0.068%	$482K	$32.2M	8.1x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	64.970	−0.261%	$1.6M	$1.4M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.071	−0.106%	$463K	$600K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.160	+0.031%	$25.3M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.070	−0.107%	$111K	$19K	50x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.156	+0.024%	$1.2M	$4.8M	20x	as long as short
BloFin XAG-USDT	+0.0139%	4h	65.100	−0.061%	$2.7M	$624K	100x	as long as short
GRVT XAG_USDT_Perplong	+0.0142%	4h	65.140	long leg	$394K	$1.6M	25x
Bitget XAGUSDT	+0.0160%	4h	65.200	+0.092%	$23.2M	$44.9M	100x	as long as short
Nado XAG-PERP	+0.0160%	1h	65.082	−0.089%	$1.2M	$4.7M	10x	as long as short
OKX XAG-USDT-SWAP	+0.0172%	8h	65.200	+0.092%	$28.4M	$70.4M	50x	as long as short
Lighter XAG	+0.0184%	1h	65.185	+0.069%	$5.3M	$11.3M	25x	as long as short
Aftermath Perps XAGUSD	+0.0193%	1h	65.105	−0.054%	$78K	$37K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0211%	1h	65.140	0.000%	$65K	$396K	20x	as long as short
Hibachi XAG/USDT-P	+0.0232%	1h	65.060	−0.123%	$20K	$17K	10x	as long as short
Bullet SILVER-USD	+0.0235%	1h	65.169	+0.044%	$45K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.115	−0.038%	$92K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0364%	1h	65.134	−0.009%	$1.0M	$869K	25x	as long as short