Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0144%/8h= +15.8% APRpaid last 24h +0.043%

Price spread now: GRVT against SoDEX+0.294%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on GRVT

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: 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 0.294% dearer against SoDEX than usual: you sell high and buy low: +$29 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX SILVER-USD	65.545	0.0050	pay 0.0006% / 1h	2m 35s	$3K	$6K	20x
Short	GRVT XAG_USDT_Perp	65.738	0.0194	get 0.0097% / 4h	2h 02m	$389K	$1.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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

Position, each leg$Hold fordaysFee SoDEXbpFee GRVTbpOrdersPrice spread, now +0.294%Rate

Funding earned: $30.24
Price spread: +0.294% → 0.000%: $29.38
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $42.62
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: SoDEX: no order-book sample; GRVT: live order book, 1 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 SoDEX no order-book sample	—	—	—	—	—
Sell GRVT live order book, 1 min ago	0.76 bp	6.5 bp −$7	10.4 bp −$104	44.5 bp −$4,449	doesn't fit

SoDEX: 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
Hibachi XAG/USDT-P	−0.0064%	1h	65.599	+0.083%	$20K	$19K	10x	as long as short
Ondo Perps XAG-USD.P	−0.0009%	1h	65.490	−0.084%	$5.7M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.582	+0.056%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.600	+0.084%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.700	+0.236%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.610	+0.099%	$1.5M	$280K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.547	+0.004%	$119K	—	250x	as long as short
RISEx XAG/USDC	+0.0030%	1h	65.605	+0.091%	$1.2M	$4.9M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	65.587	+0.064%	$4.7M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.541	−0.006%	$5.1M	$11.7M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.304%	$11K	$94K	52x	as long as short
Gate XAG_USDT	+0.0034%	4h	65.600	+0.084%	$144.2M	$181.6M	100x	as long as short
Phoenix SILVER	+0.0036%	1h	65.609	+0.098%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	65.620	+0.114%	$789K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.036	+0.749%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.564	+0.029%	$3.9M	$711K	20x	as long as short
SoDEX SILVER-USDlong	+0.0050%	1h	65.545	long leg	$3K	$6K	20x
QFEX SILVER-USD	+0.0051%	1h	65.580	+0.053%	$152K	$2.8M	20x	as long as short
Paradex XAG-USD-PERP	+0.0062%	8h	65.566	+0.032%	$29K	$1K	5x	as long as short
Aster XAGUSDT	+0.0064%	4h	65.616	+0.109%	$2.7M	$944K	100x	as long as short
tradeXYZ xyz:SILVER	+0.0075%	1h	65.563	+0.027%	$170.9M	$82.5M	25x	as long as short
Kalshi KXSILVERPERP	+0.0076%	24h	65.590	+0.069%	$462K	$29.3M	8.1x	as long as short
Bybit XAGUSDT	+0.0083%	4h	65.610	+0.099%	$28.9M	$39.1M	150x	as long as short
Hotstuff SILVER-PERP	+0.0096%	1h	65.606	+0.093%	$35K	$21K	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.547	+0.004%	$468K	$629K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.580	+0.053%	$24.7M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.640	+0.145%	$112K	$19K	50x	as long as short
Binance XAGUSDT	+0.0114%	4h	65.601	+0.086%	$188.7M	$744.3M	100x	as long as short
MEXC SILVER_USDT	+0.0116%	4h	65.600	+0.084%	$112.8M	$162.4M	1000x	as long as short
Variational Omni XAG	+0.0120%	4h	65.674	+0.196%	$5.5M	$9.5M	—	as long as short
Lighter XAG	+0.0120%	1h	65.596	+0.078%	$5.4M	$11.4M	25x	as long as short
Aevo XAG-PERP	+0.0120%	1h	65.606	+0.093%	$47K	—	10x	as long as short
edgeX XAGUSDC	+0.0139%	4h	65.652	+0.163%	$668K	$313K	30x	as long as short
Nado XAG-PERP	+0.0147%	1h	65.610	+0.099%	$1.3M	$5.6M	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.690	+0.221%	$1.6M	$1.3M	20x	as long as short
GRVT XAG_USDT_Perpshort	+0.0194%	4h	65.738	+0.294%	$389K	$1.5M	25x
Bitget XAGUSDT	+0.0204%	4h	65.600	+0.084%	$23.8M	$46.2M	100x	as long as short
Aftermath Perps XAGUSD	+0.0206%	1h	65.598	+0.081%	$79K	$37K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0208%	1h	65.590	+0.069%	$66K	$368K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0208%	8h	65.600	+0.084%	$27.9M	$70.1M	50x	as long as short
Bullet SILVER-USD	+0.0233%	1h	65.611	+0.101%	$44K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0320% / S −0.0301%	1h	65.605	+0.092%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0357%	4h	65.650	+0.160%	$2.6M	$622K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0470%	1h	65.578	+0.050%	$915K	$735K	25x	as long as short