Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0141%/8h= +15.4% APRpaid last 24h −0.003%

Price spread now: GRVT against Paradex+0.029%51s7-day average — · you sell dearer than you buy

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

Long on Paradex Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and GRVT is 0.029% dearer against Paradex than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XAG-USD-PERP	66.391	0.0141	pay 0.0141% / 8h	5h 54m	$30K	$1K	5x
Short	GRVT XAG_USDT_Perp	66.410	0.0282	get 0.0141% / 4h	1h 54m	$399K	$1.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Paradex. 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 ParadexbpFee GRVTbpOrdersPrice spread, now +0.029%Rate

Funding earned: $29.59
Price spread: +0.029% → 0.000%: $2.93
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $19.52
Costs to cover: 0.130%
Break-even: 2.4 days

Slippage unknown: Paradex: no order-book sample; GRVT: live order book, 4 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 Paradex no order-book sample	—	—	—	—	—
Sell GRVT live order book, 4 min ago	0.75 bp	7.9 bp −$8	8.2 bp −$82	37.1 bp −$3,710	doesn't fit

Paradex: 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 43 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	66.350	−0.061%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.390	−0.001%	$152.4M	$161.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.370	−0.031%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.390	−0.001%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.400	+0.014%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.311	−0.120%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.400	+0.013%	$4.8M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.310	−0.121%	$5.3M	$12.2M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.014%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.370	−0.031%	$798K	$2.9M	40x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAG-USD.P	+0.0042%	1h	66.260	−0.197%	$5.7M	$9.7M	25x	as long as short
Vest SI-PERP	+0.0046%	1h	66.818	+0.644%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.307	−0.126%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.347	−0.066%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.306	−0.127%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.360	−0.046%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0063%	24h	66.307	−0.126%	$543K	$24.5M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	66.343	−0.072%	$472K	$607K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.340	−0.076%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.330	−0.091%	$113K	$30K	50x	as long as short
tradeXYZ xyz:SILVER	+0.0103%	1h	66.344	−0.070%	$166.0M	$74.7M	25x	as long as short
Paradex XAG-USD-PERPlong	+0.0141%	8h	66.391	long leg	$30K	$1K	5x
Aster XAGUSDT	+0.0142%	4h	66.390	−0.001%	$2.7M	$943K	100x	as long as short
Bybit XAGUSDT	+0.0149%	4h	66.390	−0.001%	$26.7M	$36.2M	150x	as long as short
Lighter XAG	+0.0168%	1h	66.390	−0.001%	$5.3M	$10.4M	25x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.368	−0.034%	$48K	—	10x	as long as short
Variational Omni XAG	+0.0178%	4h	66.354	−0.055%	$5.5M	$9.8M	—	as long as short
RISEx XAG/USDC	+0.0181%	1h	66.380	−0.016%	$1.2M	$4.4M	20x	as long as short
MEXC SILVER_USDT	+0.0192%	4h	66.370	−0.031%	$111.6M	$151.6M	1000x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.350	−0.061%	$1.9M	$973K	20x	as long as short
Binance XAGUSDT	+0.0194%	4h	66.380	−0.016%	$192.3M	$706.9M	100x	as long as short
edgeX XAGUSDC	+0.0207%	4h	66.410	+0.029%	$674K	$313K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0217%	8h	66.380	−0.016%	$27.9M	$65.7M	50x	as long as short
Hibachi XAG/USDT-P	+0.0224%	1h	66.309	−0.122%	$20K	$22K	10x	as long as short
Aftermath Perps XAGUSD	+0.0233%	1h	66.334	−0.085%	$80K	$38K	10x	as long as short
Nado XAG-PERP	+0.0247%	1h	66.313	−0.117%	$1.3M	$6.6M	10x	as long as short
Bitget XAGUSDT	+0.0256%	4h	66.380	−0.016%	$23.9M	$46.1M	100x	as long as short
GRVT XAG_USDT_Perpshort	+0.0282%	4h	66.410	+0.029%	$399K	$1.5M	25x
Bullet SILVER-USD	+0.0286%	1h	66.381	−0.014%	$46K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0329% / S −0.0339%	1h	66.385	−0.008%	$103K	—	111x	as long as short
Hotstuff SILVER-PERP	+0.0344%	1h	66.376	−0.022%	$35K	$21K	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0504%	1h	66.370	−0.031%	$50K	$326K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0549%	1h	66.336	−0.082%	$765K	$478K	25x	as long as short