Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0302%/8h= +33.1% APRpaid last 24h +0.040%

Price spread now: GMX against Aster+0.007%51s7-day average +0.015% · you sell dearer than you buy

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

Long on Aster Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.143%+$14 on $10k

Price spread, last 4 days (all we have)+0.063%+$6 · spread now +0.007%, 7d avg +0.015%

Together, before fees+0.205%+ Points / potential airdropAster: Stage 5 · farm board+$21 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.015%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate. The two prices were read 51 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	Aster XAGUSDT	65.971	0.0138	pay 0.0069% / 4h	3h 43m	$2.7M	$871K	100x
Short	GMX SILVER/USD [ETH-USDC]	65.975	L +0.0387% / S −0.0440%	get 0.0055% / 1h	43m 32s	$105K	—	111x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Aster. 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 AsterbpFee GMXbpOrdersPrice spread, now +0.007%Rate

Funding earned: $63.52
Price spread: +0.007% → +0.015%: −$0.84
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $42.68
Costs to cover: 0.200%
Break-even: 2.3 days

Slippage unknown: Aster: live order book, 5 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 Aster live order book, 5 min ago	1.51 bp	5.5 bp −$6	6.9 bp −$69	15.8 bp −$1,575	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 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
Ondo Perps XAG-USD.P	−0.0046%	1h	65.850	−0.183%	$5.7M	$9.3M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.934	−0.056%	$14K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	65.980	+0.014%	$149.5M	$163.3M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.960	−0.016%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.030	+0.090%	$1.0M	$967K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.980	+0.014%	$1.5M	$319K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.910	−0.092%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.954	−0.026%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.901	−0.106%	$5.1M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.651%	$11K	$94K	52x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	65.990	+0.029%	$794K	$3.1M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.404	+0.657%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.932	−0.059%	$165.9M	$73.6M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.937	−0.051%	$3.9M	$674K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.900	−0.107%	$3K	$6K	20x	as long as short
Hotstuff SILVER-PERP	+0.0056%	1h	65.984	+0.020%	$35K	$21K	20x	as long as short
QFEX SILVER-USD	+0.0060%	1h	65.950	−0.031%	$114K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0072%	24h	65.956	−0.022%	$538K	$25.9M	8.1x	as long as short
Phoenix SILVER	+0.0073%	1h	65.967	−0.006%	$56K	$26K	25x	as long as short
RISEx XAG/USDC	+0.0080%	1h	65.963	−0.012%	$1.3M	$4.9M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.906	−0.098%	$469K	$614K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.930	−0.062%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.960	−0.016%	$113K	$30K	50x	as long as short
Lighter XAG	+0.0112%	1h	65.948	−0.034%	$5.2M	$10.6M	25x	as long as short
Paradex XAG-USD-PERP	+0.0121%	8h	65.959	−0.017%	$30K	$1K	5x	as long as short
Bybit XAGUSDT	+0.0128%	4h	65.990	+0.029%	$27.4M	$36.5M	150x	as long as short
Aster XAGUSDTlong	+0.0138%	4h	65.971	long leg	$2.7M	$871K	100x
BloFin XAG-USDT	+0.0159%	4h	66.000	+0.044%	$2.6M	$556K	100x	as long as short
Nado XAG-PERP	+0.0175%	1h	65.918	−0.080%	$1.4M	$6.1M	10x	as long as short
Aevo XAG-PERP	+0.0192%	1h	65.964	−0.011%	$47K	—	10x	as long as short
Variational Omni XAG	+0.0195%	4h	66.003	+0.050%	$5.6M	$9.4M	—	as long as short
MEXC SILVER_USDT	+0.0204%	4h	65.960	−0.016%	$112.8M	$152.1M	1000x	as long as short
Binance XAGUSDT	+0.0204%	4h	65.970	−0.001%	$190.9M	$702.5M	100x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0205%	1h	65.940	−0.046%	$75K	$363K	20x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	65.950	−0.031%	$1.8M	$1.0M	20x	as long as short
Aftermath Perps XAGUSD	+0.0213%	1h	65.967	−0.005%	$79K	$36K	10x	as long as short
edgeX XAGUSDC	+0.0215%	4h	66.014	+0.065%	$670K	$312K	30x	as long as short
GRVT XAG_USDT_Perp	+0.0218%	4h	66.022	+0.078%	$394K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0231%	1h	65.980	+0.014%	$44K	$76K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0234%	8h	65.980	+0.014%	$27.6M	$64.7M	50x	as long as short
Bitget XAGUSDT	+0.0244%	4h	65.970	−0.001%	$23.9M	$45.2M	100x	as long as short
Hibachi XAG/USDT-P	+0.0344%	1h	65.945	−0.039%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]short	L +0.0387% / S −0.0440%	1h	65.975	+0.007%	$105K	—	111x
Kraken Futures PF_XAGUSD	+0.0624%	1h	65.945	−0.040%	$910K	$683K	25x	as long as short