Settings8H · net · $10k
Funding arb · Price arb /

XAG

RWAall XAG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0238%/8h= −26.1% APRnext payment $0.30 per $10,000 · paid last 24h −0.081%
Price spread now: dYdX against GMX−0.058%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and dYdX is 0.058% cheaper against GMX than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX SILVER/USD [ETH-USDC]65.335L +0.0238% / S −0.0196%pay 0.0030% / 1h33m 01s$93K111x
ShortdYdX XAG-USD65.2970get 0.0000% / 1h33m 01s$12K$5K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX against GMX. 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

Funding earned
−$50.03
Price spread: −0.058% → 0.000%
−$5.82
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$77.84
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: GMX: no order-book sample; dYdX: 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
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample
Sell dYdX no order-book sample
GMX and dYdX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff SILVER-PERP−0.0056%1h65.295−0.061%$35K$21K20xas long as short
Ondo Perps XAG-USD.P−0.0041%1h65.240−0.145%$5.6M$9.7M25xas long as short
dYdX XAG-USDshort0.0000%1h65.297−0.058%$12K$5K5x
Bybit XAGUSDT0.0000%4h65.310−0.038%$27.8M$39.4M150xas long as short
SunX XAG-USDT0.0000%4h65.320−0.023%$2K$2.5M20xas long as short
HTX XAG-USDT0.0000%4h65.370+0.054%$1.1M$1.3M75xas long as short
Phemex XAGUSDT0.0000%4h65.320−0.023%$1.5M$281K100xas long as short
Variational Omni XAG0.0000%4h65.332−0.004%$5.5M$9.1Mas long as short
gTrade (Gains Network) XAG/USDL +0.0004% / S −0.0006%1h65.268−0.102%$118K250xas long as short
Aster XAGUSDT+0.0024%4h65.312−0.036%$2.7M$928K100xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC SILVER_USDT+0.0026%4h65.280−0.084%$119.1M$157.4M1000xas long as short
Binance XAGUSDT+0.0027%4h65.306−0.045%$191.6M$753.7M100xas long as short
Lighter RH XAG+0.0032%1h65.310−0.039%$4.6M$9.8M25xas long as short
Extended XAG-USD+0.0032%1h65.240−0.146%$5.1M$11.6M10xas long as short
edgeX XAGUSDC+0.0032%4h65.342+0.010%$665K$313K30xas long as short
Injective XAG/USDC PERP+0.0033%1h66.400+1.630%$11K$94K52xas long as short
Gate XAG_USDT+0.0034%4h65.320−0.023%$140.7M$178.3M100xas long as short
StandX XAG-USD+0.0040%1h65.350+0.023%$786K$2.9M40xas long as short
Aevo XAG-PERP+0.0040%1h65.316−0.029%$47K10xas long as short
QFEX SILVER-USD+0.0044%1h65.330−0.008%$157K$1.4M20xas long as short
Vest SI-PERP+0.0046%1h65.748+0.632%25xas long as short
tradeXYZ xyz:SILVER+0.0050%1h65.264−0.109%$169.6M$81.7M25xas long as short
Polymarket Perps SILVER-USD+0.0050%1h65.296−0.060%$3.8M$856K20xas long as short
SoDEX SILVER-USD+0.0050%1h65.267−0.104%$3K$6K20xas long as short
Paradex XAG-USD-PERP+0.0052%8h65.310−0.038%$29K$1K5xas long as short
Phoenix SILVER+0.0061%1h65.316−0.029%$56K$31K25xas long as short
Kalshi KXSILVERPERP+0.0079%24h65.299−0.055%$518K$31.7M8.1xas long as short
Coinbase International SILVER-PERP-INTX+0.0096%1h65.300−0.054%$1.6M$1.4M20xas long as short
Pacifica XAG+0.0100%1h65.271−0.098%$464K$611K10xas long as short
KuCoin XAGUSDTM+0.0100%4h65.280−0.084%$25.3M$4.7M75xas long as short
ApeX Omni XAGUSDT+0.0100%1h65.310−0.038%$112K$19K50xas long as short
BloFin XAG-USDT+0.0107%4h65.350+0.023%$2.7M$574K100xas long as short
RISEx XAG/USDC+0.0118%1h65.337+0.002%$1.2M$4.8M20xas long as short
GRVT XAG_USDT_Perp+0.0130%4h65.372+0.056%$384K$1.6M25xas long as short
Bitget XAGUSDT+0.0152%4h65.280−0.084%$23.2M$44.7M100xas long as short
Nado XAG-PERP+0.0159%1h65.286−0.076%$1.2M$4.7M10xas long as short
Lighter XAG+0.0160%1h65.314−0.032%$5.3M$11.1M25xas long as short
OKX XAG-USDT-SWAP+0.0166%8h65.310−0.038%$28.2M$69.8M50xas long as short
Aftermath Perps XAGUSD+0.0182%1h65.309−0.039%$79K$37K10xas long as short
Hibachi XAG/USDT-P+0.0184%1h65.313−0.034%$20K$17K10xas long as short
Deribit SILVER_USDC-PERPETUAL+0.0210%1h65.310−0.038%$65K$391K20xas long as short
Bullet SILVER-USD+0.0220%1h65.339+0.006%$45K$75K10xas long as short
GMX SILVER/USD [ETH-USDC]longL +0.0238% / S −0.0196%1h65.335long leg$93K111x
Kraken Futures PF_XAGUSD+0.0363%1h65.292−0.066%$1.0M$868K25xas long as short