Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0177%/8h= −19.4% APRpaid last 24h −0.048%

Price spread now: edgeX against GMX+0.003%7-day average — · you sell dearer than you buy

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

Long on GMX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX SILVER/USD [ETH-USDC]	64.935	L +0.0237% / S −0.0196%	pay 0.0030% / 1h	34m 57s	$92K	—	111x
Short	edgeX XAGUSDC	64.937	0.0061	get 0.0030% / 4h	3h 34m	$661K	$313K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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

Position, each leg$Hold fordaysFee GMXbpFee edgeXbpOrdersPrice spread, now +0.003%Rate

Funding earned: −$37.13
Price spread: +0.003% → 0.000%: $0.35
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$57.78
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; edgeX: live order book, 64 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell edgeX live order book, 64 min ago	2.30 bp	6.8 bp −$7	6.8 bp −$68	9.2 bp −$924	21.3 bp −$10.6K

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	64.862	−0.112%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	64.940	+0.008%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	64.950	+0.023%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	64.940	+0.008%	$1.4M	$310K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	64.866	−0.107%	$117K	—	250x	as long as short
Variational Omni XAG	+0.0015%	4h	64.904	−0.047%	$5.3M	$9.1M	—	as long as short
Gate XAG_USDT	+0.0024%	4h	64.950	+0.023%	$139.8M	$182.3M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	64.924	−0.016%	$4.6M	$9.8M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	64.865	−0.107%	$5.0M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+2.256%	$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	64.890	−0.069%	$780K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.324	+0.599%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0047%	1h	64.920	−0.023%	$445K	$1.5M	20x	as long as short
MEXC SILVER_USDT	+0.0048%	4h	64.930	−0.008%	$121.1M	$158.0M	1000x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	64.860	−0.116%	$3.8M	$890K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	64.850	−0.131%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	64.860	−0.116%	$5.6M	$9.9M	25x	as long as short
Binance XAGUSDT	+0.0051%	4h	64.930	−0.008%	$195.9M	$772.0M	100x	as long as short
Paradex XAG-USD-PERP	+0.0060%	8h	64.890	−0.069%	$29K	$166	5x	as long as short
edgeX XAGUSDCshort	+0.0061%	4h	64.937	+0.003%	$661K	$313K	30x
Aevo XAG-PERP	+0.0064%	1h	64.904	−0.048%	$47K	—	10x	as long as short
Aster XAGUSDT	+0.0067%	4h	64.929	−0.009%	$2.6M	$995K	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0080%	1h	64.880	−0.085%	$1.6M	$1.4M	20x	as long as short
Kalshi KXSILVERPERP	+0.0084%	24h	64.923	−0.018%	$485K	$33.8M	8.1x	as long as short
Hotstuff SILVER-PERP	+0.0088%	1h	64.925	−0.015%	$35K	$21K	20x	as long as short
Pacifica XAG	+0.0100%	1h	64.852	−0.128%	$463K	$592K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	64.890	−0.069%	$25.1M	$4.5M	75x	as long as short
GRVT XAG_USDT_Perp	+0.0100%	4h	64.907	−0.043%	$390K	$1.6M	25x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	64.870	−0.100%	$111K	$19K	50x	as long as short
Phoenix SILVER	+0.0111%	1h	64.892	−0.066%	$55K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0135%	1h	64.904	−0.048%	$173.9M	$86.9M	25x	as long as short
Nado XAG-PERP	+0.0156%	1h	64.925	−0.016%	$1.2M	$4.3M	10x	as long as short
RISEx XAG/USDC	+0.0158%	1h	64.919	−0.024%	$1.2M	$4.9M	20x	as long as short
Bitget XAGUSDT	+0.0188%	4h	64.940	+0.008%	$23.3M	$45.8M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0193%	8h	64.950	+0.023%	$28.6M	$72.6M	50x	as long as short
Bybit XAGUSDT	+0.0200%	4h	64.950	+0.023%	$29.1M	$42.1M	150x	as long as short
BloFin XAG-USDT	+0.0205%	4h	64.960	+0.039%	$2.7M	$646K	100x	as long as short
Aftermath Perps XAGUSD	+0.0217%	1h	64.927	−0.013%	$78K	$37K	10x	as long as short
Lighter XAG	+0.0224%	1h	64.919	−0.025%	$5.3M	$11.0M	25x	as long as short
GMX SILVER/USD [ETH-USDC]long	L +0.0237% / S −0.0196%	1h	64.935	long leg	$92K	—	111x
Bullet SILVER-USD	+0.0300%	1h	64.921	−0.021%	$45K	$75K	10x	as long as short
Hibachi XAG/USDT-P	+0.0336%	1h	64.882	−0.082%	$20K	$15K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0367%	1h	64.910	−0.039%	$76K	$427K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0420%	1h	64.911	−0.036%	$1.0M	$872K	25x	as long as short