Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0018%/8h= +2.0% APRpaid last 24h +0.029%

Price spread now: GMX against OKX+0.023%7-day average +0.020% · you sell dearer than you buy

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

Long on OKX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.133%+$13 on $10k

Price spread, last 4 days (all we have)+0.045%+$4 · spread now +0.023%, 7d avg +0.020%

Together, before fees+0.178%+$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.020%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XAG-USDT-SWAP	65.300	0.0178	pay 0.0178% / 8h	52m 25s	$28.1M	$70.6M	50x
Short	GMX SILVER/USD [ETH-USDC]	65.315	L +0.0238% / S −0.0196%	get 0.0024% / 1h	52m 25s	$93K	—	111x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against OKX. 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 OKXbpFee GMXbpOrdersPrice spread, now +0.023%Rate

Funding earned: $3.76
Price spread: +0.023% → +0.020%: $0.27
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$17.98
Costs to cover: 0.220%
Break-even: 40.5 days

Slippage unknown: OKX: 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 OKX live order book, 1 min ago	0.76 bp	5.8 bp −$6	6.0 bp −$60	11.2 bp −$1,118	68.6 bp −$34.3K
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	−0.0059%	1h	65.200	−0.153%	$5.6M	$9.7M	25x	as long as short
Hotstuff SILVER-PERP	−0.0032%	1h	65.281	−0.029%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	65.287	−0.019%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.320	+0.031%	$27.7M	$39.6M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.310	+0.015%	$2K	$2.5M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.350	+0.077%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.320	+0.031%	$1.5M	$281K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.249	−0.077%	$118K	—	250x	as long as short
Variational Omni XAG	+0.0027%	4h	65.403	+0.158%	$5.5M	$9.1M	—	as long as short
Gate XAG_USDT	+0.0028%	4h	65.320	+0.031%	$141.1M	$176.7M	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	65.304	+0.006%	$4.5M	$9.7M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.248	−0.080%	$5.1M	$11.6M	10x	as long as short
Aster XAGUSDT	+0.0033%	4h	65.320	+0.031%	$2.7M	$952K	100x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.685%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.330	+0.046%	$786K	$2.9M	40x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.300	0.000%	$152K	$1.4M	20x	as long as short
Binance XAGUSDT	+0.0045%	4h	65.310	+0.015%	$191.6M	$761.2M	100x	as long as short
Vest SI-PERP	+0.0046%	1h	65.723	+0.648%	—	—	25x	as long as short
MEXC SILVER_USDT	+0.0050%	4h	65.300	0.000%	$117.1M	$156.0M	1000x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.274	−0.040%	$3.8M	$856K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.248	−0.080%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0053%	8h	65.277	−0.034%	$29K	$1K	5x	as long as short
Phoenix SILVER	+0.0061%	1h	65.294	−0.009%	$56K	$31K	25x	as long as short
edgeX XAGUSDC	+0.0064%	4h	65.368	+0.105%	$665K	$312K	30x	as long as short
Aevo XAG-PERP	+0.0064%	1h	65.297	−0.004%	$47K	—	10x	as long as short
Kalshi KXSILVERPERP	+0.0079%	24h	65.284	−0.025%	$476K	$31.7M	8.1x	as long as short
tradeXYZ xyz:SILVER	+0.0079%	1h	65.273	−0.041%	$170.4M	$80.9M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	65.360	+0.092%	$1.6M	$1.4M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.257	−0.066%	$468K	$621K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.280	−0.031%	$25.3M	$5.0M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.370	+0.107%	$112K	$19K	50x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.321	+0.031%	$1.2M	$4.9M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0144%	4h	65.409	+0.167%	$384K	$1.6M	25x	as long as short
Lighter XAG	+0.0152%	1h	65.322	+0.033%	$5.3M	$11.1M	25x	as long as short
Hibachi XAG/USDT-P	+0.0160%	1h	65.289	−0.016%	$20K	$17K	10x	as long as short
Nado XAG-PERP	+0.0163%	1h	65.262	−0.058%	$1.2M	$4.8M	10x	as long as short
Bitget XAGUSDT	+0.0166%	4h	65.310	+0.015%	$23.7M	$45.5M	100x	as long as short
OKX XAG-USDT-SWAPlong	+0.0178%	8h	65.300	long leg	$28.1M	$70.6M	50x
BloFin XAG-USDT	+0.0202%	4h	65.320	+0.031%	$2.7M	$582K	100x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0210%	1h	65.290	−0.015%	$65K	$387K	20x	as long as short
Aftermath Perps XAGUSD	+0.0210%	1h	65.305	+0.007%	$78K	$37K	10x	as long as short
Bullet SILVER-USD	+0.0225%	1h	65.316	+0.024%	$44K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]short	L +0.0238% / S −0.0196%	1h	65.315	+0.023%	$93K	—	111x
Kraken Futures PF_XAGUSD	+0.0363%	1h	65.271	−0.045%	$1.0M	$873K	25x	as long as short