Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0196%/8h= +21.4% APRpaid last 24h +0.072%

Price spread now: GMX against HTX−0.038%7-day average −0.035% · you buy dearer than you sell

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

Long on HTX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.179%+$18 on $10k

Price spread, last 4 days (all we have)+0.035%+$3 · spread now −0.038%, 7d avg −0.035%

Together, before fees+0.213%+$21 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.035%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XAG-USDT	65.240	0	get 0.0000% / 4h	1h 03m	$1.1M	$1.3M	75x
Short	GMX SILVER/USD [ETH-USDC]	65.215	L +0.0238% / S −0.0196%	get 0.0024% / 1h	3m 10s	$93K	—	111x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against HTX. 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 HTXbpFee GMXbpOrdersPrice spread, now −0.038%Rate

Funding earned: $41.11
Price spread: −0.038% → −0.035%: −$0.3
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $16.81
Costs to cover: 0.240%
Break-even: 4.1 days

Slippage unknown: HTX: live order book, 1 min ago; GMX: 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 HTX live order book, 1 min ago	3.07 bp	9.1 bp −$9	9.1 bp −$91	12.8 bp −$1,279	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	−0.0074%	1h	65.140	−0.153%	$5.6M	$9.6M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.174	−0.101%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.280	+0.061%	$27.8M	$39.5M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.220	−0.031%	$2K	$2.6M	20x	as long as short
HTX XAG-USDTlong	0.0000%	4h	65.240	long leg	$1.1M	$1.3M	75x
Phemex XAGUSDT	0.0000%	4h	65.290	+0.077%	$1.5M	$281K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.209	−0.047%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0030%	4h	65.240	0.000%	$140.8M	$184.5M	100x	as long as short
Variational Omni XAG	+0.0031%	4h	65.344	+0.159%	$5.5M	$9.3M	—	as long as short
Lighter RH XAG	+0.0032%	1h	65.255	+0.024%	$4.6M	$9.8M	25x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XAG-USD	+0.0032%	1h	65.161	−0.121%	$5.1M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.778%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.280	+0.061%	$785K	$2.9M	40x	as long as short
Aster XAGUSDT	+0.0040%	4h	65.247	+0.011%	$2.7M	$976K	100x	as long as short
Vest SI-PERP	+0.0046%	1h	65.646	+0.622%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0050%	1h	65.220	−0.031%	$151K	$1.4M	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.194	−0.071%	$3.8M	$854K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.166	−0.113%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0053%	8h	65.204	−0.055%	$29K	$1K	5x	as long as short
MEXC SILVER_USDT	+0.0054%	4h	65.250	+0.015%	$116.5M	$158.0M	1000x	as long as short
Binance XAGUSDT	+0.0054%	4h	65.243	+0.004%	$191.2M	$763.2M	100x	as long as short
edgeX XAGUSDC	+0.0057%	4h	65.322	+0.125%	$665K	$313K	30x	as long as short
tradeXYZ xyz:SILVER	+0.0059%	1h	65.188	−0.080%	$170.2M	$83.1M	25x	as long as short
RISEx XAG/USDC	+0.0061%	1h	65.238	−0.002%	$1.2M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0061%	1h	65.287	+0.072%	$56K	$31K	25x	as long as short
Aevo XAG-PERP	+0.0072%	1h	65.224	−0.025%	$47K	—	10x	as long as short
Kalshi KXSILVERPERP	+0.0078%	24h	65.219	−0.032%	$477K	$31.2M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	65.168	−0.111%	$468K	$625K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.220	−0.031%	$25.3M	$5.0M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.310	+0.107%	$112K	$19K	50x	as long as short
Hotstuff SILVER-PERP	+0.0104%	1h	65.212	−0.043%	$35K	$21K	20x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0120%	1h	65.290	+0.077%	$1.6M	$1.4M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0138%	4h	65.328	+0.135%	$391K	$1.6M	25x	as long as short
Nado XAG-PERP	+0.0151%	1h	65.177	−0.097%	$1.2M	$5.1M	10x	as long as short
Lighter XAG	+0.0160%	1h	65.251	+0.017%	$5.3M	$11.6M	25x	as long as short
Hibachi XAG/USDT-P	+0.0168%	1h	65.228	−0.018%	$20K	$19K	10x	as long as short
Bitget XAGUSDT	+0.0170%	4h	65.270	+0.046%	$23.7M	$46.2M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0183%	8h	65.270	+0.046%	$28.1M	$70.8M	50x	as long as short
Bullet SILVER-USD	+0.0204%	1h	65.230	−0.015%	$44K	$75K	10x	as long as short
Aftermath Perps XAGUSD	+0.0215%	1h	65.272	+0.048%	$78K	$37K	10x	as long as short
BloFin XAG-USDT	+0.0218%	4h	65.260	+0.031%	$2.6M	$590K	100x	as long as short
GMX SILVER/USD [ETH-USDC]short	L +0.0238% / S −0.0196%	1h	65.215	−0.038%	$93K	—	111x
Deribit SILVER_USDC-PERPETUAL	+0.0364%	1h	65.220	−0.031%	$65K	$384K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0494%	1h	65.202	−0.058%	$1.0M	$877K	25x	as long as short