Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0369%/8h= +40.4% APRpaid last 24h +0.050%

Price spread now: GMX against SunX+0.008%7-day average +0.002% · you sell dearer than you buy

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

Long on SunX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.144%+$14 on $10k

Price spread, last 3 days (all we have)−0.038%−$4 · spread now +0.008%, 7d avg +0.002%

Together, before fees+0.107%+$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.002%, so right now this pair is about funding alone: +$11 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XAG-USDT	66.060	0	get 0.0000% / 4h	2h 03m	$2K	$3.4M	20x
Short	GMX SILVER/USD [ETH-USDC]	66.065	L +0.0359% / S −0.0369%	get 0.0046% / 1h	3m 38s	$103K	—	29x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against SunX. 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 SunXbpFee GMXbpOrdersPrice spread, now +0.008%Rate

Funding earned: $77.56
Price spread: +0.008% → +0.002%: $0.6
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $58.16
Costs to cover: 0.200%
Break-even: 1.8 days

Slippage unknown: SunX: live order book, 4 min ago; 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SunX live order book, 4 min ago	29.54 bp	33.5 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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 42 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
Hotstuff SILVER-PERP	−0.0064%	1h	66.018	−0.064%	$35K	$21K	20x	as long as short
Nado XAG-PERP	−0.0004%	1h	66.067	+0.010%	$1.3M	$6.5M	10x	as long as short
dYdX XAG-USD	0.0000%	1h	66.057	−0.005%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.070	+0.015%	$25.7M	$35.8M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.070	+0.015%	$146.9M	$185.8M	100x	as long as short
GRVT XAG_USDT_Perp	0.0000%	4h	66.047	−0.020%	$392K	$1.6M	25x	as long as short
Bullet SILVER-USD	0.0000%	1h	66.051	−0.013%	$44K	$74K	10x	as long as short
SunX XAG-USDTlong	0.0000%	4h	66.060	long leg	$2K	$3.4M	20x
HTX XAG-USDT	0.0000%	4h	66.070	+0.015%	$1.0M	$1.2M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.070	+0.015%	$1.5M	$248K	100x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps XAGUSD	+0.0011%	1h	66.026	−0.051%	$79K	$40K	10x	as long as short
Aster XAGUSDT	+0.0013%	4h	66.040	−0.030%	$2.8M	$1.1M	100x	as long as short
Bitget XAGUSDT	+0.0016%	4h	66.080	+0.030%	$23.6M	$51.9M	100x	as long as short
Lighter XAG	+0.0032%	1h	66.022	−0.058%	$5.1M	$11.5M	25x	as long as short
Lighter RH XAG	+0.0032%	1h	66.021	−0.058%	$4.4M	$10.0M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.026	−0.051%	$5.3M	$14.8M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.515%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.030	−0.045%	$790K	$2.8M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.570	+0.772%	—	—	25x	as long as short
BloFin XAG-USDT	+0.0046%	4h	65.990	−0.106%	$2.6M	$1.2M	100x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.018	−0.064%	$164.1M	$95.1M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.019	−0.062%	$3.9M	$742K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.013	−0.071%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.030	−0.045%	$5.4M	$9.7M	25x	as long as short
Binance XAGUSDT	+0.0051%	4h	66.080	+0.030%	$190.5M	$784.3M	100x	as long as short
MEXC SILVER_USDT	+0.0052%	4h	66.080	+0.030%	$122.7M	$192.7M	1000x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0053%	1h	66.070	+0.015%	$76K	$347K	20x	as long as short
Kalshi KXSILVERPERP	+0.0055%	24h	66.004	−0.085%	$637K	$21.7M	8.1x	as long as short
Variational Omni XAG	+0.0057%	4h	66.002	−0.088%	$5.3M	$11.3M	—	as long as short
Aevo XAG-PERP	+0.0072%	1h	66.033	−0.040%	$47K	—	10x	as long as short
Phoenix SILVER	+0.0073%	1h	66.022	−0.058%	$56K	$26K	25x	as long as short
QFEX SILVER-USD	+0.0080%	1h	66.040	−0.030%	$143K	$2.8M	20x	as long as short
edgeX XAGUSDC	+0.0090%	4h	66.002	−0.087%	$670K	$315K	30x	as long as short
Paradex XAG-USD-PERP	+0.0097%	8h	66.060	+0.001%	$30K	$1K	5x	as long as short
Pacifica XAG	+0.0100%	1h	66.034	−0.039%	$472K	$645K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.040	−0.030%	$24.2M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.030	−0.045%	$112K	$85K	50x	as long as short
OKX XAG-USDT-SWAP	+0.0140%	8h	66.080	+0.030%	$27.4M	$69.9M	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.040	−0.030%	$1.9M	$1.2M	20x	as long as short
GMX SILVER/USD [ETH-USDC]short	L +0.0359% / S −0.0369%	1h	66.065	+0.008%	$103K	—	29x
RISEx XAG/USDC	+0.0432%	1h	66.086	+0.039%	$1.3M	$4.3M	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0614%	1h	66.035	−0.038%	$775K	$612K	25x	as long as short