Settings8H · net · $10k
Funding arb · Price arb /

XAG

RWAall XAG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0181%/8h= +19.8% APRnext payment +$0.23 per $10,000 · paid last 24h +0.039%
Price spread now: GMX against SoDEX+0.095%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and GMX is 0.095% dearer against SoDEX than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX SILVER-USD66.4020.0050pay 0.0006% / 1h41m 02s$4K$5K20x
ShortGMX SILVER/USD [ETH-USDC]66.465L +0.0258% / S −0.0231%get 0.0029% / 1h41m 02s$103K111x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against SoDEX. 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

Funding earned
$37.95
Price spread: +0.095% → 0.000%
$9.49
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee GMX: 6 bp × 2 orders
−$12
Net
$27.44
Costs to cover
0.200%
Break-even
1.9 days
Slippage unknown: SoDEX: no order-book sample; 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
LegHalf-spread$10k$100k$1M$5M
Buy SoDEX no order-book sample
Sell GMX no order-book sample
SoDEX and 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX XAG-USD0.0000%1h66.370−0.049%$15K5xas long as short
Bybit XAGUSDT0.0000%4h66.470+0.102%$25.7M$33.5M150xas long as short
Gate XAG_USDT0.0000%4h66.460+0.087%$147.4M$170.0M100xas long as short
SunX XAG-USDT0.0000%4h66.480+0.117%$2K$3.1M20xas long as short
HTX XAG-USDT0.0000%4h66.500+0.148%$1.0M$1.1M75xas long as short
Phemex XAGUSDT0.0000%4h66.490+0.133%$1.5M$250K100xas long as short
gTrade (Gains Network) XAG/USDL +0.0004% / S −0.0006%1h66.392−0.015%$120K250xas long as short
Hotstuff SILVER-PERP+0.0016%1h66.432+0.045%$35K$21K20xas long as short
Lighter RH XAG+0.0032%1h66.447+0.068%$4.8M$9.6M25xas long as short
Extended XAG-USD+0.0032%1h66.398−0.006%$5.5M$12.3M10xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective XAG/USDC PERP+0.0033%1h66.400−0.003%$11K$94K52xas long as short
Phoenix SILVER+0.0036%1h66.418+0.024%$56K$26K25xas long as short
StandX XAG-USD+0.0040%1h66.400−0.003%$795K$2.7M40xas long as short
Vest SI-PERP+0.0046%1h66.902+0.753%25xas long as short
Polymarket Perps SILVER-USD+0.0050%1h66.434+0.048%$3.9M$699K20xas long as short
SoDEX SILVER-USDlong+0.0050%1h66.402long leg$4K$5K20x
Ondo Perps XAG-USD.P+0.0050%1h66.350−0.078%$5.7M$10.0M25xas long as short
Kalshi KXSILVERPERP+0.0059%24h66.420+0.027%$590K$21.2M8.1xas long as short
QFEX SILVER-USD+0.0061%1h66.460+0.087%$124K$2.8M20xas long as short
tradeXYZ xyz:SILVER+0.0070%1h66.429+0.041%$165.6M$87.6M25xas long as short
BloFin XAG-USDT+0.0082%4h66.460+0.087%$2.6M$650K100xas long as short
Variational Omni XAG+0.0088%4h66.467+0.097%$5.6M$10.3Mas long as short
Aster XAGUSDT+0.0092%4h66.461+0.088%$2.8M$1.1M100xas long as short
Pacifica XAG+0.0100%1h66.399−0.005%$475K$625K10xas long as short
KuCoin XAGUSDTM+0.0100%4h66.420+0.027%$24.5M$4.5M75xas long as short
ApeX Omni XAGUSDT+0.0100%1h66.370−0.048%$126K$26K50xas long as short
MEXC SILVER_USDT+0.0102%4h66.460+0.087%$114.4M$152.9M1000xas long as short
Paradex XAG-USD-PERP+0.0102%8h66.437+0.052%$30K$1K5xas long as short
Binance XAGUSDT+0.0102%4h66.467+0.098%$191.9M$721.6M100xas long as short
Aevo XAG-PERP+0.0104%1h66.460+0.087%$48K10xas long as short
edgeX XAGUSDC+0.0110%4h66.443+0.061%$674K$316K30xas long as short
Lighter XAG+0.0112%1h66.445+0.064%$5.2M$10.3M25xas long as short
Bitget XAGUSDT+0.0120%4h66.470+0.102%$24.2M$47.9M100xas long as short
Aftermath Perps XAGUSD+0.0148%1h66.436+0.051%$80K$40K10xas long as short
GRVT XAG_USDT_Perp+0.0156%4h66.486+0.126%$399K$1.4M25xas long as short
Coinbase International SILVER-PERP-INTX+0.0160%1h66.460+0.087%$1.9M$848K20xas long as short
OKX XAG-USDT-SWAP+0.0188%8h66.460+0.087%$27.6M$66.2M50xas long as short
RISEx XAG/USDC+0.0208%1h66.461+0.089%$1.3M$4.2M20xas long as short
Bullet SILVER-USD+0.0244%1h66.470+0.102%$46K$75K10xas long as short
Nado XAG-PERP+0.0251%1h66.409+0.010%$1.3M$6.5M10xas long as short
GMX SILVER/USD [ETH-USDC]shortL +0.0258% / S −0.0231%1h66.465+0.095%$103K111x
Hibachi XAG/USDT-P+0.0304%1h66.415+0.020%$20K$22K10xas long as short
Deribit SILVER_USDC-PERPETUAL+0.0352%1h66.450+0.072%$51K$360K20xas long as short
Kraken Futures PF_XAGUSD+0.0596%1h66.437+0.053%$768K$566K25xas long as short