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 +0.042%

Price spread now: GMX against KuCoin+0.069%7-day average +0.074% · you sell dearer than you buy

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

Long on KuCoin Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.153%+$15 on $10k

Price spread, last 4 days (all we have)+0.044%+$4 · spread now +0.069%, 7d avg +0.074%

Together, before fees+0.197%+$20 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.074%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XAGUSDTM	65.330	0.0100	pay 0.0050% / 4h	57m 38s	$25.3M	$5.0M	75x
Short	GMX SILVER/USD [ETH-USDC]	65.375	L +0.0238% / S −0.0196%	get 0.0024% / 1h	57m 38s	$93K	—	111x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against KuCoin. 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 KuCoinbpFee GMXbpOrdersPrice spread, now +0.069%Rate

Funding earned: $20.11
Price spread: +0.069% → +0.074%: −$0.51
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$4.4
Costs to cover: 0.240%
Break-even: 8.5 days

Slippage unknown: KuCoin: live order book, 11 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 KuCoin live order book, 11 min ago	0.76 bp	8.3 bp −$8	16.6 bp −$166	doesn't fit	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
dYdX XAG-USD	0.0000%	1h	65.293	−0.057%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.390	+0.092%	$27.8M	$39.6M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.370	+0.061%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.420	+0.138%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.380	+0.077%	$1.5M	$281K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.310	−0.031%	$118K	—	250x	as long as short
Ondo Perps XAG-USD.P	+0.0009%	1h	65.270	−0.092%	$5.6M	$9.7M	25x	as long as short
Hotstuff SILVER-PERP	+0.0024%	1h	65.360	+0.046%	$35K	$21K	20x	as long as short
Variational Omni XAG	+0.0030%	4h	65.314	−0.025%	$5.5M	$9.2M	—	as long as short
Lighter RH XAG	+0.0032%	1h	65.387	+0.088%	$4.6M	$9.7M	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	65.319	−0.017%	$5.1M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.638%	$11K	$94K	52x	as long as short
Gate XAG_USDT	+0.0034%	4h	65.410	+0.122%	$141.4M	$176.1M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.330	0.000%	$786K	$2.9M	40x	as long as short
Aster XAGUSDT	+0.0042%	4h	65.380	+0.077%	$2.7M	$958K	100x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.390	+0.092%	$152K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.764	+0.664%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.351	+0.032%	$3.8M	$856K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.303	−0.041%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0053%	8h	65.369	+0.060%	$29K	$1K	5x	as long as short
MEXC SILVER_USDT	+0.0054%	4h	65.380	+0.077%	$116.9M	$155.9M	1000x	as long as short
Binance XAGUSDT	+0.0055%	4h	65.390	+0.092%	$191.6M	$762.9M	100x	as long as short
Phoenix SILVER	+0.0061%	1h	65.274	−0.086%	$56K	$30K	25x	as long as short
edgeX XAGUSDC	+0.0066%	4h	65.316	−0.022%	$665K	$315K	30x	as long as short
tradeXYZ xyz:SILVER	+0.0071%	1h	65.338	+0.012%	$170.6M	$83.2M	25x	as long as short
Aevo XAG-PERP	+0.0072%	1h	65.365	+0.054%	$47K	—	10x	as long as short
Kalshi KXSILVERPERP	+0.0079%	24h	65.347	+0.026%	$483K	$31.5M	8.1x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	65.230	−0.153%	$1.6M	$1.4M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.320	−0.015%	$469K	$621K	10x	as long as short
KuCoin XAGUSDTMlong	+0.0100%	4h	65.330	long leg	$25.3M	$5.0M	75x
ApeX Omni XAGUSDT	+0.0100%	1h	65.260	−0.107%	$112K	$19K	50x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.382	+0.079%	$1.2M	$4.9M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0142%	4h	65.325	−0.008%	$391K	$1.6M	25x	as long as short
Lighter XAG	+0.0144%	1h	65.373	+0.066%	$5.3M	$11.1M	25x	as long as short
Hibachi XAG/USDT-P	+0.0152%	1h	65.288	−0.065%	$20K	$18K	10x	as long as short
Nado XAG-PERP	+0.0167%	1h	65.305	−0.038%	$1.2M	$5.1M	10x	as long as short
Bitget XAGUSDT	+0.0170%	4h	65.390	+0.092%	$23.7M	$45.8M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0182%	8h	65.370	+0.061%	$28.2M	$70.9M	50x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.350	+0.031%	$66K	$385K	20x	as long as short
Aftermath Perps XAGUSD	+0.0215%	1h	65.301	−0.044%	$78K	$37K	10x	as long as short
BloFin XAG-USDT	+0.0222%	4h	65.310	−0.031%	$2.6M	$598K	100x	as long as short
GMX SILVER/USD [ETH-USDC]short	L +0.0238% / S −0.0196%	1h	65.375	+0.069%	$93K	—	111x
Bullet SILVER-USD	+0.0248%	1h	65.372	+0.064%	$44K	$75K	10x	as long as short
Kraken Futures PF_XAGUSD	+0.0363%	1h	65.342	+0.018%	$1.0M	$875K	25x	as long as short