Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h +0.012%

Price spread now: GRVT against OKX−0.066%7-day average +0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$260.258% of the position

Long on OKX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.063%+$6 on $10k

Price spread, last 7 days+0.093%+$9 · spread now −0.066%, 7d avg +0.019%

Together, before fees+0.155%+ Points / potential airdropGRVT: Active · farm board+$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and GRVT is 0.085% cheaper against OKX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.019%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.063%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XAG-USDT-SWAP	66.070	0.0226	pay 0.0226% / 8h	3h 22m	$27.7M	$64.6M	50x
Short	GRVT XAG_USDT_Perp	66.026	0.0206	get 0.0103% / 4h	3h 22m	$394K	$1.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.066%Rate

Funding earned: −$4.28
Price spread: −0.066% → +0.019%: −$8.48
Slippage, 4 orders: −$6.82
Fee OKX: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$38.59
Costs to cover: 0.258%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; GRVT: live order book, 5 min ago.

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	5.9 bp −$59	11.2 bp −$1,122	doesn't fit
Sell GRVT live order book, 5 min ago	0.76 bp	7.7 bp −$8	8.2 bp −$82	39.4 bp −$3,945	doesn't fit

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	−0.0057%	1h	65.920	−0.227%	$5.7M	$9.2M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.989	−0.123%	$15K	—	5x	as long as short
SunX XAG-USDT	0.0000%	4h	66.060	−0.015%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.060	−0.015%	$1.0M	$957K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.070	0.000%	$1.5M	$320K	100x	as long as short
Gate XAG_USDT	+0.0002%	4h	66.090	+0.030%	$150.0M	$163.8M	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.002	−0.103%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.050	−0.031%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.011	−0.090%	$5.2M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.499%	$11K	$94K	52x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	66.020	−0.076%	$794K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.471	+0.607%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.018	−0.079%	$3.9M	$674K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.002	−0.103%	$3K	$6K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0051%	1h	66.026	−0.067%	$166.5M	$73.8M	25x	as long as short
Paradex XAG-USD-PERP	+0.0057%	8h	66.030	−0.060%	$30K	$1K	5x	as long as short
QFEX SILVER-USD	+0.0060%	1h	66.030	−0.061%	$114K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0073%	1h	65.963	−0.162%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0073%	24h	66.006	−0.097%	$517K	$26.1M	8.1x	as long as short
Hotstuff SILVER-PERP	+0.0080%	1h	65.992	−0.118%	$35K	$21K	20x	as long as short
RISEx XAG/USDC	+0.0080%	1h	66.054	−0.025%	$1.3M	$4.9M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.988	−0.124%	$470K	$608K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.040	−0.045%	$24.4M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.980	−0.136%	$113K	$30K	50x	as long as short
Lighter XAG	+0.0104%	1h	66.052	−0.026%	$5.2M	$10.7M	25x	as long as short
Aster XAGUSDT	+0.0130%	4h	66.070	0.000%	$2.7M	$866K	100x	as long as short
Bybit XAGUSDT	+0.0132%	4h	66.090	+0.030%	$27.8M	$36.6M	150x	as long as short
BloFin XAG-USDT	+0.0160%	4h	66.040	−0.045%	$2.6M	$563K	100x	as long as short
Nado XAG-PERP	+0.0171%	1h	66.011	−0.089%	$1.4M	$5.8M	10x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.040	−0.045%	$47K	—	10x	as long as short
Variational Omni XAG	+0.0178%	4h	66.013	−0.087%	$5.6M	$9.4M	—	as long as short
MEXC SILVER_USDT	+0.0186%	4h	66.060	−0.015%	$114.7M	$152.6M	1000x	as long as short
Binance XAGUSDT	+0.0187%	4h	66.070	0.000%	$191.2M	$701.7M	100x	as long as short
Aftermath Perps XAGUSD	+0.0192%	1h	65.982	−0.133%	$79K	$36K	10x	as long as short
edgeX XAGUSDC	+0.0196%	4h	66.015	−0.084%	$670K	$310K	30x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0204%	1h	66.050	−0.030%	$75K	$363K	20x	as long as short
GRVT XAG_USDT_Perpshort	+0.0206%	4h	66.026	−0.066%	$394K	$1.5M	25x
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	65.950	−0.182%	$1.8M	$1.0M	20x	as long as short
OKX XAG-USDT-SWAPlong	+0.0226%	8h	66.070	long leg	$27.7M	$64.6M	50x
Bullet SILVER-USD	+0.0228%	1h	66.059	−0.017%	$45K	$76K	10x	as long as short
Bitget XAGUSDT	+0.0230%	4h	66.070	0.000%	$24.0M	$45.2M	100x	as long as short
Hibachi XAG/USDT-P	+0.0304%	1h	65.970	−0.151%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0388% / S −0.0440%	1h	66.065	−0.008%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0624%	1h	66.024	−0.070%	$911K	$683K	25x	as long as short