XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0104%/8h= +11.4% APRnext payment +$0.52 per $10,000 · paid last 24h +0.019%

Price spread now: GRVT against Phemex−0.077%7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$380.382% of the position

Long on Phemex Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.088%+$9 on $10k

Price spread, last 3 days (all we have)+0.013%+$1 · spread now −0.077%, 7d avg −0.014%

Together, before fees+0.102%+ Points / potential airdropGRVT: Active · farm board+$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. GRVT is 0.063% cheaper against Phemex than usual: you would sell low and buy high (spread −0.077% now, against its 7-day average of −0.014%). If the spread goes back, that is −$6 on $10k: about 2.0 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.088% in total) that is about 5.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex XAGUSDT	66.610	0	get 0.0000% / 4h	3h 28m	$1.5M	$252K	100x
Short	GRVT XAG_USDT_Perp	66.559	0.0104	get 0.0052% / 4h	3h 28m	$394K	$1.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Phemex. 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 PhemexbpFee GRVTbpOrdersPrice spread, now −0.077%Rate

Funding earned: $21.84
Price spread: −0.077% → −0.014%: −$6.3
Slippage, 4 orders: −$17.19
Fee Phemex: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$22.65
Costs to cover: 0.382%
Break-even: 14.3 days

Slippage from Phemex: live order book, 4 min ago; GRVT: live order book, 4 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 Phemex live order book, 4 min ago	0.75 bp	6.8 bp −$7	10.1 bp −$101	doesn't fit	doesn't fit
Sell GRVT live order book, 4 min ago	0.75 bp	6.6 bp −$7	6.7 bp −$67	38.2 bp −$3,820	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
dYdX XAG-USD	0.0000%	1h	66.490	−0.181%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.530	−0.120%	$26.0M	$35.4M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.570	−0.060%	$155.1M	$167.8M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.550	−0.090%	$2K	$3.0M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.600	−0.015%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDTlong	0.0000%	4h	66.610	long leg	$1.5M	$252K	100x
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.472	−0.206%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.515	−0.143%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.461	−0.224%	$5.4M	$12.4M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.315%	$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	66.540	−0.105%	$801K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.972	+0.543%	—	—	25x	as long as short
Hotstuff SILVER-PERP	+0.0048%	1h	66.505	−0.158%	$35K	$21K	20x	as long as short
Phoenix SILVER	+0.0048%	1h	66.492	−0.177%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.474	−0.204%	$165.3M	$85.5M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.502	−0.162%	$3.9M	$700K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.472	−0.207%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.430	−0.270%	$5.7M	$9.7M	25x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.530	−0.120%	$115K	$2.8M	20x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.498	−0.168%	$567K	$21.5M	8.1x	as long as short
BloFin XAG-USDT	+0.0083%	4h	66.570	−0.060%	$2.6M	$703K	100x	as long as short
Aster XAGUSDT	+0.0084%	4h	66.520	−0.135%	$2.8M	$1.1M	100x	as long as short
Variational Omni XAG	+0.0087%	4h	66.545	−0.098%	$5.6M	$9.9M	—	as long as short
Paradex XAG-USD-PERP	+0.0096%	8h	66.523	−0.131%	$30K	$1K	5x	as long as short
MEXC SILVER_USDT	+0.0098%	4h	66.510	−0.150%	$108.7M	$160.2M	1000x	as long as short
Binance XAGUSDT	+0.0099%	4h	66.529	−0.122%	$192.4M	$723.1M	100x	as long as short
edgeX XAGUSDC	+0.0099%	4h	66.546	−0.096%	$675K	$316K	30x	as long as short
Pacifica XAG	+0.0100%	1h	66.473	−0.206%	$474K	$623K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.490	−0.180%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.540	−0.105%	$127K	$24K	50x	as long as short
GRVT XAG_USDT_Perpshort	+0.0104%	4h	66.559	−0.077%	$394K	$1.5M	25x
Aevo XAG-PERP	+0.0104%	1h	66.531	−0.119%	$48K	—	10x	as long as short
Lighter XAG	+0.0112%	1h	66.519	−0.137%	$5.4M	$10.5M	25x	as long as short
RISEx XAG/USDC	+0.0148%	1h	66.540	−0.105%	$1.3M	$4.3M	20x	as long as short
Nado XAG-PERP	+0.0165%	1h	66.484	−0.189%	$1.3M	$6.5M	10x	as long as short
Bitget XAGUSDT	+0.0170%	4h	66.530	−0.120%	$24.5M	$48.0M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.580	−0.045%	$1.9M	$929K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0189%	8h	66.530	−0.120%	$27.9M	$67.2M	50x	as long as short
Aftermath Perps XAGUSD	+0.0193%	1h	66.532	−0.118%	$80K	$39K	10x	as long as short
Bullet SILVER-USD	+0.0220%	1h	66.543	−0.100%	$45K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0240%	1h	66.496	−0.172%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.545	−0.098%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0352%	1h	66.520	−0.135%	$50K	$336K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0489%	1h	66.507	−0.154%	$765K	$565K	25x	as long as short