Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0160%/8h= +17.5% APRpaid last 24h +0.030%

Price spread now: GMX against BloFin−0.068%51s7-day average +0.004% · you buy dearer than you sell

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

Long on BloFin Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.275%+$28 on $10k

Price spread, last 4 days (all we have)+0.053%+$5 · spread now −0.068%, 7d avg +0.004%

Together, before fees+0.328%+$33 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.072% cheaper against BloFin than usual: you would sell low and buy high (spread −0.068% now, against its 7-day average of +0.004%). If the spread goes back, that is −$7 on $10k: about 36 hours of funding at the current rate (+$5 a day). 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	BloFin XAG-USDT	66.120	0.0264	pay 0.0132% / 4h	7m 57s	$2.6M	$554K	100x
Short	GMX SILVER/USD [ETH-USDC]	66.075	L +0.0383% / S −0.0424%	get 0.0053% / 1h	7m 57s	$103K	—	111x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against BloFin. 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 BloFinbpFee GMXbpOrdersPrice spread, now −0.068%Rate

Funding earned: $33.64
Price spread: −0.068% → +0.004%: −$7.24
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $2.39
Costs to cover: 0.240%
Break-even: 6.5 days

Slippage unknown: BloFin: 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 BloFin live order book, 5 min ago	0.76 bp	6.8 bp −$7	6.8 bp −$68	7.6 bp −$762	15.1 bp −$7,530
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
dYdX XAG-USD	0.0000%	1h	66.018	−0.154%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.100	−0.030%	$150.1M	$163.9M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.060	−0.091%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.130	+0.015%	$1.0M	$968K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.130	+0.015%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.993	−0.192%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.058	−0.094%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.002	−0.178%	$5.2M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.423%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.110	−0.015%	$795K	$3.1M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAG-USD.P	+0.0043%	1h	65.970	−0.227%	$5.7M	$9.6M	25x	as long as short
Vest SI-PERP	+0.0046%	1h	66.500	+0.575%	—	—	25x	as long as short
Hotstuff SILVER-PERP	+0.0048%	1h	66.057	−0.095%	$35K	$21K	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.034	−0.130%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.996	−0.188%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.070	−0.076%	$115K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0060%	1h	66.053	−0.101%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0071%	24h	66.040	−0.121%	$547K	$25.4M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	66.034	−0.130%	$470K	$615K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.050	−0.106%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.030	−0.136%	$113K	$30K	50x	as long as short
tradeXYZ xyz:SILVER	+0.0127%	1h	66.037	−0.126%	$165.9M	$73.5M	25x	as long as short
RISEx XAG/USDC	+0.0137%	1h	66.067	−0.081%	$1.3M	$4.6M	20x	as long as short
Paradex XAG-USD-PERP	+0.0143%	8h	66.083	−0.056%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0148%	4h	66.077	−0.064%	$2.7M	$868K	100x	as long as short
Bybit XAGUSDT	+0.0172%	4h	66.100	−0.030%	$27.1M	$36.1M	150x	as long as short
Lighter XAG	+0.0184%	1h	66.060	−0.091%	$5.3M	$10.8M	25x	as long as short
Aevo XAG-PERP	+0.0200%	1h	66.075	−0.068%	$47K	—	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.020	−0.151%	$1.8M	$1.0M	20x	as long as short
Variational Omni XAG	+0.0204%	4h	66.063	−0.087%	$5.6M	$9.5M	—	as long as short
MEXC SILVER_USDT	+0.0214%	4h	66.080	−0.060%	$110.6M	$153.0M	1000x	as long as short
Nado XAG-PERP	+0.0214%	1h	66.025	−0.144%	$1.4M	$6.4M	10x	as long as short
Binance XAGUSDT	+0.0216%	4h	66.093	−0.041%	$192.7M	$700.1M	100x	as long as short
Aftermath Perps XAGUSD	+0.0221%	1h	66.069	−0.077%	$80K	$36K	10x	as long as short
edgeX XAGUSDC	+0.0227%	4h	66.058	−0.094%	$670K	$311K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0235%	8h	66.080	−0.060%	$27.7M	$65.0M	50x	as long as short
Bitget XAGUSDT	+0.0258%	4h	66.080	−0.060%	$23.8M	$45.4M	100x	as long as short
BloFin XAG-USDTlong	+0.0264%	4h	66.120	long leg	$2.6M	$554K	100x
GRVT XAG_USDT_Perp	+0.0276%	4h	66.090	−0.045%	$389K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0290%	1h	66.081	−0.059%	$44K	$76K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0356%	1h	66.050	−0.106%	$75K	$362K	20x	as long as short
GMX SILVER/USD [ETH-USDC]short	L +0.0383% / S −0.0424%	1h	66.075	−0.068%	$103K	—	111x
Hibachi XAG/USDT-P	+0.0384%	1h	66.054	−0.101%	$20K	$19K	10x	as long as short
Kraken Futures PF_XAGUSD	+0.0485%	1h	66.045	−0.113%	$911K	$683K	25x	as long as short