Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h +0.022%

Price spread now: GMX against edgeX−0.069%70s7-day average +0.022% · you buy dearer than you sell

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

Long on edgeX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.115%+$11 on $10k

Price spread, last 3 days (all we have)+0.075%+$7 · spread now −0.069%, 7d avg +0.022%

Together, before fees+0.189%+ Points / potential airdropedgeX: Active · farm board+$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.091% cheaper against edgeX than usual: you would sell low and buy high (spread −0.069% now, against its 7-day average of +0.022%). If the spread goes back, that is −$9 on $10k: about 3.1 days of funding at the current rate (+$3 a day). The two prices were read 70 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	edgeX XAGUSDC	66.421	0.0184	pay 0.0092% / 4h	2h 13m	$674K	$315K	30x
Short	GMX SILVER/USD [ETH-USDC]	66.375	L +0.0291% / S −0.0281%	get 0.0035% / 1h	13m 52s	$103K	—	111x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against edgeX. 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 edgeXbpFee GMXbpOrdersPrice spread, now −0.069%Rate

Funding earned: $20.4
Price spread: −0.069% → +0.022%: −$9.14
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee GMX: 6 bp × 2 orders: −$12
Net: −$9.74
Costs to cover: 0.210%
Break-even: 10.3 days

Slippage unknown: edgeX: live order book, 55 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 edgeX live order book, 55 min ago	2.25 bp	6.8 bp −$7	6.8 bp −$68	9.2 bp −$916	20.8 bp −$10.4K
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 43 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	66.296	−0.188%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.360	−0.092%	$153.2M	$164.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.360	−0.092%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.400	−0.032%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.410	−0.017%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.299	−0.184%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.366	−0.083%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.286	−0.204%	$5.4M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.032%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.410	−0.017%	$799K	$2.9M	40x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SI-PERP	+0.0046%	1h	66.793	+0.560%	—	—	25x	as long as short
Ondo Perps XAG-USD.P	+0.0048%	1h	66.230	−0.288%	$5.7M	$9.6M	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.402	−0.029%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.308	−0.170%	$3.9M	$669K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.304	−0.176%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.330	−0.137%	$115K	$2.7M	20x	as long as short
Hotstuff SILVER-PERP	+0.0056%	1h	66.305	−0.175%	$35K	$21K	20x	as long as short
Kalshi KXSILVERPERP	+0.0062%	24h	66.342	−0.119%	$609K	$23.8M	8.1x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.337	−0.127%	$1.2M	$4.4M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0099%	1h	66.312	−0.164%	$165.9M	$76.2M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.284	−0.206%	$472K	$606K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.320	−0.152%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.380	−0.062%	$126K	$23K	50x	as long as short
Aster XAGUSDT	+0.0133%	4h	66.350	−0.107%	$2.7M	$942K	100x	as long as short
Bybit XAGUSDT	+0.0135%	4h	66.370	−0.077%	$26.6M	$36.4M	150x	as long as short
Paradex XAG-USD-PERP	+0.0136%	8h	66.330	−0.136%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0166%	4h	66.373	−0.073%	$5.5M	$9.8M	—	as long as short
Aevo XAG-PERP	+0.0168%	1h	66.358	−0.095%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0180%	4h	66.350	−0.107%	$102.7M	$158.6M	1000x	as long as short
Binance XAGUSDT	+0.0181%	4h	66.359	−0.094%	$192.2M	$706.4M	100x	as long as short
edgeX XAGUSDClong	+0.0184%	4h	66.421	long leg	$674K	$315K	30x
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.410	−0.017%	$1.9M	$971K	20x	as long as short
Lighter XAG	+0.0192%	1h	66.352	−0.104%	$5.3M	$10.6M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0211%	8h	66.360	−0.092%	$28.0M	$65.7M	50x	as long as short
Hibachi XAG/USDT-P	+0.0224%	1h	66.320	−0.152%	$20K	$22K	10x	as long as short
Nado XAG-PERP	+0.0225%	1h	66.283	−0.208%	$1.3M	$6.5M	10x	as long as short
Aftermath Perps XAGUSD	+0.0235%	1h	66.331	−0.136%	$80K	$38K	10x	as long as short
Bitget XAGUSDT	+0.0248%	4h	66.360	−0.092%	$23.9M	$46.1M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0266%	4h	66.450	+0.043%	$395K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0288%	1h	66.377	−0.067%	$46K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]short	L +0.0291% / S −0.0281%	1h	66.375	−0.069%	$103K	—	111x
Kraken Futures PF_XAGUSD	+0.0463%	1h	66.323	−0.147%	$765K	$478K	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0504%	1h	66.370	−0.077%	$50K	$325K	20x	as long as short