Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0196%/8h= +21.4% APRpaid last 24h +0.077%

Price spread now: GMX against HTX−0.069%7-day average — · you buy dearer than you sell

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

Long on HTX Short on GMX

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—needs both histories

Funding pays, the price is against you. GMX is 0.069% cheaper against HTX than usual: you would sell low and buy high (spread −0.069% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 28 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XAG-USDT	65.430	0	get 0.0000% / 4h	2h 54m	$1.1M	$1.3M	75x
Short	GMX SILVER/USD [ETH-USDC]	65.385	L +0.0238% / S −0.0196%	get 0.0024% / 1h	54m 26s	$93K	—	111x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against HTX. 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 HTXbpFee GMXbpOrdersPrice spread, now −0.069%Rate

Funding earned: $41.11
Price spread: −0.069% → 0.000%: −$6.88
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $10.23
Costs to cover: 0.240%
Break-even: 5.3 days

Slippage unknown: HTX: live order book, 4 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 HTX live order book, 4 min ago	3.81 bp	9.8 bp −$10	9.8 bp −$98	12.8 bp −$1,277	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
Injective XAG/USDC PERP	−0.0220%	1h	64.602	−1.265%	$11K	$240	52x	as long as short
Ondo Perps XAG-USD.P	−0.0064%	1h	65.220	−0.321%	$5.7M	$10.2M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.293	−0.210%	$12K	$6K	5x	as long as short
Gate XAG_USDT	0.0000%	4h	65.330	−0.153%	$137.4M	$192.8M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.370	−0.092%	$2K	$2.5M	20x	as long as short
HTX XAG-USDTlong	0.0000%	4h	65.430	long leg	$1.1M	$1.3M	75x
Phemex XAGUSDT	0.0000%	4h	65.360	−0.107%	$1.5M	$253K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.591	+0.246%	$119K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.287	−0.219%	$4.5M	$9.3M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.242	−0.287%	$5.0M	$11.9M	10x	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	65.510	+0.122%	$788K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.754	+0.495%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.277	−0.234%	$3.8M	$891K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.293	−0.209%	$3K	$6K	20x	as long as short
Hotstuff SILVER-PERP	+0.0056%	1h	65.296	−0.205%	$35K	$23K	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0056%	1h	65.330	−0.153%	$77K	$436K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0058%	1h	65.280	−0.229%	$173.5M	$92.3M	25x	as long as short
QFEX SILVER-USD	+0.0062%	1h	65.290	−0.214%	$433K	$1.5M	20x	as long as short
Paradex XAG-USD-PERP	+0.0075%	8h	65.275	−0.238%	$29K	$166	5x	as long as short
Variational Omni XAG	+0.0075%	4h	65.472	+0.065%	$5.5M	$9.2M	—	as long as short
Coinbase International SILVER-PERP-INTX	+0.0088%	1h	65.440	+0.015%	$1.6M	$1.6M	20x	as long as short
Kalshi KXSILVERPERP	+0.0091%	24h	65.457	+0.041%	$639K	$36.3M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	65.251	−0.273%	$464K	$588K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.270	−0.245%	$25.2M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.520	+0.138%	$112K	$19K	50x	as long as short
Phoenix SILVER	+0.0111%	1h	65.478	+0.073%	$56K	$13K	25x	as long as short
Aevo XAG-PERP	+0.0112%	1h	65.393	−0.057%	$47K	—	10x	as long as short
Binance XAGUSDT	+0.0115%	4h	65.310	−0.184%	$192.8M	$826.7M	100x	as long as short
MEXC SILVER_USDT	+0.0116%	4h	65.310	−0.183%	$116.7M	$161.1M	1000x	as long as short
edgeX XAGUSDC	+0.0129%	4h	65.542	+0.171%	$668K	$313K	30x	as long as short
Aster XAGUSDT	+0.0130%	4h	65.313	−0.180%	$2.7M	$1.1M	100x	as long as short
Nado XAG-PERP	+0.0135%	1h	65.257	−0.265%	$1.2M	$4.2M	10x	as long as short
Lighter XAG	+0.0176%	1h	65.300	−0.198%	$5.1M	$11.3M	25x	as long as short
Bullet SILVER-USD	+0.0182%	1h	65.317	−0.172%	$44K	$75K	10x	as long as short
Aftermath Perps XAGUSD	+0.0201%	1h	65.443	+0.021%	$79K	$37K	10x	as long as short
RISEx XAG/USDC	+0.0206%	1h	65.304	−0.192%	$1.2M	$4.9M	20x	as long as short
OKX XAG-USDT-SWAP	+0.0208%	8h	65.310	−0.183%	$28.1M	$81.2M	50x	as long as short
Bybit XAGUSDT	+0.0217%	4h	65.330	−0.153%	$30.6M	$45.3M	150x	as long as short
Bitget XAGUSDT	+0.0226%	4h	65.320	−0.168%	$23.0M	$49.6M	100x	as long as short
GMX SILVER/USD [ETH-USDC]short	L +0.0238% / S −0.0196%	1h	65.385	−0.069%	$93K	—	111x
GRVT XAG_USDT_Perp	+0.0264%	4h	65.550	+0.183%	$396K	$1.6M	25x	as long as short
Hibachi XAG/USDT-P	+0.0352%	1h	65.331	−0.151%	$21K	$12K	10x	as long as short
BloFin XAG-USDT	+0.0357%	4h	65.400	−0.046%	$2.7M	$709K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0775%	1h	65.340	−0.137%	$1.0M	$893K	25x	as long as short