Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0106%/8h= +11.6% APRpaid last 24h +0.035%

Price spread now: GRVT against StandX+0.071%62s7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$360.365% of the position

Long on StandX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.054%+$5 on $10k

Price spread, last 7 days−0.052%−$5 · spread now +0.071%, 7d avg +0.024%

Together, before fees+0.002%+ Points / potential airdropStandX: Active · GRVT: Active · farm board$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and GRVT is 0.047% dearer against StandX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.024%. The two prices were read 62 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	StandX XAG-USD	65.680	0.0040	pay 0.0005% / 1h	51m 38s	$790K	$3.0M	40x
Short	GRVT XAG_USDT_Perp	65.726	0.0146	get 0.0073% / 4h	1h 51m	$396K	$1.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against StandX. 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 StandXbpFee GRVTbpOrdersPrice spread, now +0.071%Rate

Funding earned: $22.26
Price spread: +0.071% → +0.024%: $4.68
Slippage, 4 orders: −$19.46
Fee StandX: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$9.52
Costs to cover: 0.365%
Break-even: 10.0 days

Slippage from StandX: live order book, just now; 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 StandX live order book, just now	2.28 bp	10.7 bp −$11	11.4 bp −$114	34.1 bp −$3,413	doesn't fit
Sell GRVT live order book, 5 min ago	0.76 bp	8.2 bp −$8	8.3 bp −$83	42.5 bp −$4,249	doesn't fit

XAG on 44 exchanges

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
Hotstuff SILVER-PERP	−1.5176%	1h	65.532	−0.225%	$36K	$23K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	65.651	−0.044%	$13K	$8K	5x	as long as short
Gate XAG_USDT	0.0000%	4h	65.680	0.000%	$138.5M	$203.9M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.750	+0.107%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.790	+0.167%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.750	+0.107%	$1.5M	$251K	100x	as long as short
Ondo Perps XAG-USD.P	+0.0002%	1h	65.580	−0.152%	$5.7M	$11.0M	25x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.658	−0.034%	$119K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.662	−0.027%	$4.5M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.620	−0.091%	$5.1M	$11.8M	10x	as long as short

Show all 44 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	64.602	−1.641%	$11K	$240	52x	as long as short
StandX XAG-USDlong	+0.0040%	1h	65.680	long leg	$790K	$3.0M	40x
Vest SI-PERP	+0.0046%	1h	66.160	+0.731%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.692	+0.018%	$3.8M	$894K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.634	−0.070%	$3K	$6K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0051%	1h	65.635	−0.069%	$174.6M	$94.0M	25x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.680	0.000%	$447K	$1.4M	20x	as long as short
Paradex XAG-USD-PERP	+0.0056%	8h	65.658	−0.034%	$29K	$166	5x	as long as short
Variational Omni XAG	+0.0096%	4h	65.678	−0.003%	$5.7M	$9.1M	—	as long as short
Kalshi KXSILVERPERP	+0.0099%	24h	65.716	+0.055%	$711K	$38.6M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	65.617	−0.096%	$467K	$570K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.650	−0.046%	$25.4M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.650	−0.046%	$112K	$19K	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	65.690	+0.015%	$1.6M	$1.9M	20x	as long as short
Aster XAGUSDT	+0.0111%	4h	65.673	−0.011%	$2.7M	$1.1M	100x	as long as short
Aevo XAG-PERP	+0.0112%	1h	65.722	+0.065%	$47K	—	10x	as long as short
Binance XAGUSDT	+0.0113%	4h	65.676	−0.006%	$191.8M	$864.6M	100x	as long as short
MEXC SILVER_USDT	+0.0114%	4h	65.660	−0.030%	$121.9M	$162.8M	1000x	as long as short
RISEx XAG/USDC	+0.0116%	1h	65.689	+0.014%	$1.2M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0122%	1h	65.676	−0.006%	$55K	$14K	25x	as long as short
edgeX XAGUSDC	+0.0134%	4h	65.652	−0.042%	$669K	$313K	30x	as long as short
Bybit XAGUSDT	+0.0137%	4h	65.700	+0.030%	$30.6M	$48.2M	150x	as long as short
Nado XAG-PERP	+0.0141%	1h	65.672	−0.013%	$1.2M	$3.6M	10x	as long as short
GRVT XAG_USDT_Perpshort	+0.0146%	4h	65.726	+0.071%	$396K	$1.5M	25x
Lighter XAG	+0.0152%	1h	65.674	−0.009%	$5.2M	$11.6M	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0207%	1h	65.720	+0.061%	$77K	$411K	20x	as long as short
Bullet SILVER-USD	+0.0209%	1h	65.755	+0.114%	$45K	$74K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0213%	8h	65.700	+0.030%	$28.0M	$85.9M	50x	as long as short
Aftermath Perps XAGUSD	+0.0216%	1h	65.665	−0.023%	$79K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0244%	4h	65.690	+0.015%	$23.2M	$52.8M	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0269% / S −0.0236%	1h	65.745	+0.099%	$93K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0272%	1h	65.658	−0.034%	$21K	$12K	10x	as long as short
BloFin XAG-USDT	+0.0358%	4h	65.720	+0.061%	$2.7M	$772K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0547%	1h	65.712	+0.049%	$1.0M	$943K	25x	as long as short