Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0234%/8h= +25.6% APRpaid last 24h −0.012%

Price spread now: GRVT against Hibachi+0.118%7-day average — · you sell dearer than you buy

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

Long on Hibachi Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHibachi: Active · GRVT: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and GRVT is 0.118% dearer against Hibachi than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi XAG/USDT-P	65.660	−0.0040	get 0.0005% / 1h	4m 48s	$20K	$19K	10x
Short	GRVT XAG_USDT_Perp	65.738	0.0194	get 0.0097% / 4h	2h 04m	$389K	$1.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Hibachi. 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 HibachibpFee GRVTbpOrdersPrice spread, now +0.118%Rate

Funding earned: $49.14
Price spread: +0.118% → 0.000%: $11.81
Slippage, 4 orders: no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $42.95
Costs to cover: 0.180%
Break-even: 0.9 days

Slippage unknown: Hibachi: no order-book sample; GRVT: live order book, 3 min ago. 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 Hibachi no order-book sample	—	—	—	—	—
Sell GRVT live order book, 3 min ago	0.76 bp	6.7 bp −$7	6.8 bp −$68	37.7 bp −$3,770	doesn't fit

Hibachi: 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
Hibachi XAG/USDT-Plong	−0.0040%	1h	65.660	long leg	$20K	$19K	10x
Ondo Perps XAG-USD.P	−0.0004%	1h	65.530	−0.198%	$5.7M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.582	−0.120%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.650	−0.015%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.690	+0.046%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.630	−0.046%	$1.5M	$280K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.587	−0.111%	$119K	—	250x	as long as short
RISEx XAG/USDC	+0.0030%	1h	65.657	−0.005%	$1.2M	$4.9M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	65.624	−0.055%	$4.7M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.575	−0.129%	$5.1M	$11.7M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.127%	$11K	$94K	52x	as long as short
Phoenix SILVER	+0.0036%	1h	65.609	−0.078%	$56K	$26K	25x	as long as short
Gate XAG_USDT	+0.0040%	4h	65.640	−0.030%	$144.3M	$181.3M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.690	+0.046%	$790K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.079	+0.638%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.602	−0.088%	$3.9M	$711K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.571	−0.136%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.630	−0.046%	$152K	$2.8M	20x	as long as short
Hotstuff SILVER-PERP	+0.0056%	1h	65.633	−0.041%	$35K	$21K	20x	as long as short
Paradex XAG-USD-PERP	+0.0062%	8h	65.636	−0.037%	$29K	$1K	5x	as long as short
Aster XAGUSDT	+0.0074%	4h	65.640	−0.030%	$2.7M	$944K	100x	as long as short
tradeXYZ xyz:SILVER	+0.0076%	1h	65.600	−0.091%	$170.9M	$82.3M	25x	as long as short
Kalshi KXSILVERPERP	+0.0076%	24h	65.626	−0.052%	$461K	$29.3M	8.1x	as long as short
Bybit XAGUSDT	+0.0098%	4h	65.650	−0.015%	$28.9M	$39.2M	150x	as long as short
Pacifica XAG	+0.0100%	1h	65.609	−0.078%	$468K	$629K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.600	−0.091%	$24.7M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.680	+0.030%	$112K	$23K	50x	as long as short
Variational Omni XAG	+0.0120%	4h	65.674	+0.021%	$5.5M	$9.5M	—	as long as short
Binance XAGUSDT	+0.0124%	4h	65.631	−0.044%	$188.7M	$745.5M	100x	as long as short
Lighter XAG	+0.0128%	1h	65.626	−0.052%	$5.4M	$11.4M	25x	as long as short
Aevo XAG-PERP	+0.0128%	1h	65.618	−0.063%	$47K	—	10x	as long as short
MEXC SILVER_USDT	+0.0130%	4h	65.620	−0.061%	$112.6M	$162.3M	1000x	as long as short
edgeX XAGUSDC	+0.0148%	4h	65.729	+0.105%	$669K	$313K	30x	as long as short
Nado XAG-PERP	+0.0149%	1h	65.623	−0.056%	$1.3M	$5.6M	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.690	+0.046%	$1.6M	$1.3M	20x	as long as short
GRVT XAG_USDT_Perpshort	+0.0194%	4h	65.738	+0.118%	$389K	$1.5M	25x
Aftermath Perps XAGUSD	+0.0207%	1h	65.617	−0.066%	$79K	$37K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0207%	1h	65.610	−0.076%	$66K	$368K	20x	as long as short
Bitget XAGUSDT	+0.0210%	4h	65.640	−0.030%	$23.8M	$46.3M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0211%	8h	65.640	−0.030%	$27.9M	$70.1M	50x	as long as short
Bullet SILVER-USD	+0.0236%	1h	65.651	−0.014%	$44K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0320% / S −0.0301%	1h	65.635	−0.038%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0369%	4h	65.660	0.000%	$2.6M	$622K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0470%	1h	65.595	−0.099%	$915K	$735K	25x	as long as short