Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0110%/8h= +12.0% APRpaid last 24h +0.010%

Price spread now: GRVT against tradeXYZ+0.053%106s7-day average +0.091% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as 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−$330.335% of the position

Long on tradeXYZ Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 7 days−0.009%−$1 · spread now +0.053%, 7d avg +0.091%

Together, before fees−0.042%+ Points / potential airdroptradeXYZ: Active · GRVT: Active · farm board−$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. GRVT is 0.038% cheaper against tradeXYZ than usual: you would sell low and buy high (spread +0.053% now, against its 7-day average of +0.091%). If the spread goes back, that is −$4 on $10k: about 28 hours of funding at the current rate (+$3 a day). The two prices were read 106 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	tradeXYZ xyz:SILVER	66.599	0.0070	pay 0.0009% / 1h	13m 34s	$166.0M	$87.0M	25x
Short	GRVT XAG_USDT_Perp	66.634	0.0180	get 0.0090% / 4h	13m 34s	$401K	$1.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against tradeXYZ. 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 tradeXYZbpFee GRVTbpOrdersPrice spread, now +0.053%Rate

Funding earned: $23.01
Price spread: +0.053% → +0.091%: −$3.77
Slippage, 4 orders: −$6.46
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$14.22
Costs to cover: 0.335%
Break-even: 11.3 days

Slippage from tradeXYZ: live order book, 6 min ago; 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 tradeXYZ live order book, 6 min ago	0.30 bp	9.3 bp −$9	9.9 bp −$99	doesn't fit	doesn't fit
Sell GRVT live order book, 5 min ago	0.75 bp	6.7 bp −$7	6.7 bp −$67	37.0 bp −$3,702	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	66.560	−0.059%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.650	+0.077%	$26.5M	$34.7M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.640	+0.062%	$156.1M	$174.8M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.630	+0.047%	$2K	$3.0M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.650	+0.077%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.630	+0.047%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.560	−0.059%	$120K	—	250x	as long as short
Hotstuff SILVER-PERP	+0.0008%	1h	66.596	−0.005%	$35K	$21K	20x	as long as short
Lighter RH XAG	+0.0032%	1h	66.614	+0.022%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.567	−0.049%	$5.5M	$12.2M	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	−0.299%	$11K	$94K	52x	as long as short
Phoenix SILVER	+0.0036%	1h	66.531	−0.102%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	66.560	−0.059%	$797K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	67.067	+0.703%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.591	−0.012%	$3.9M	$699K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.558	−0.062%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.530	−0.104%	$5.7M	$10.0M	25x	as long as short
Kalshi KXSILVERPERP	+0.0060%	24h	66.595	−0.006%	$581K	$21.3M	8.1x	as long as short
QFEX SILVER-USD	+0.0061%	1h	66.610	+0.017%	$125K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVERlong	+0.0070%	1h	66.599	long leg	$166.0M	$87.0M	25x
Pacifica XAG	+0.0100%	1h	66.573	−0.039%	$481K	$618K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.590	−0.014%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.600	+0.002%	$127K	$26K	50x	as long as short
Variational Omni XAG	+0.0103%	4h	66.615	+0.025%	$5.6M	$10.1M	—	as long as short
Paradex XAG-USD-PERP	+0.0105%	8h	66.616	+0.026%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0113%	4h	66.632	+0.049%	$2.8M	$1.1M	100x	as long as short
Lighter XAG	+0.0120%	1h	66.616	+0.025%	$5.2M	$10.4M	25x	as long as short
Aevo XAG-PERP	+0.0120%	1h	66.622	+0.034%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0122%	4h	66.620	+0.032%	$115.5M	$153.4M	1000x	as long as short
Binance XAGUSDT	+0.0122%	4h	66.630	+0.047%	$191.9M	$724.1M	100x	as long as short
edgeX XAGUSDC	+0.0134%	4h	66.629	+0.045%	$676K	$316K	30x	as long as short
Bitget XAGUSDT	+0.0156%	4h	66.640	+0.062%	$24.4M	$48.2M	100x	as long as short
BloFin XAG-USDT	+0.0157%	4h	66.610	+0.017%	$2.6M	$652K	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0160%	1h	66.610	+0.017%	$1.9M	$851K	20x	as long as short
Aftermath Perps XAGUSD	+0.0171%	1h	66.550	−0.073%	$80K	$40K	10x	as long as short
GRVT XAG_USDT_Perpshort	+0.0180%	4h	66.634	+0.053%	$401K	$1.5M	25x
OKX XAG-USDT-SWAP	+0.0197%	8h	66.640	+0.062%	$28.0M	$66.8M	50x	as long as short
RISEx XAG/USDC	+0.0208%	1h	66.634	+0.053%	$1.3M	$4.2M	20x	as long as short
Bullet SILVER-USD	+0.0250%	1h	66.631	+0.049%	$45K	$75K	10x	as long as short
Nado XAG-PERP	+0.0254%	1h	66.597	−0.002%	$1.3M	$6.6M	10x	as long as short
Hibachi XAG/USDT-P	+0.0288%	1h	66.564	−0.053%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.625	+0.039%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0501%	1h	66.620	+0.032%	$50K	$351K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0595%	1h	66.594	−0.007%	$764K	$588K	25x	as long as short