Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0139%/8h= +15.2% APRpaid last 24h +0.049%

Price spread now: GMX against KuCoin+0.038%7-day average — · you sell dearer than you buy

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

Long on KuCoin 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

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and GMX is 0.038% dearer against KuCoin than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XAGUSDTM	65.600	0.0100	pay 0.0050% / 4h	1h 41m	$25.4M	$4.7M	75x
Short	GMX SILVER/USD [ETH-USDC]	65.625	L +0.0271% / S −0.0239%	get 0.0030% / 1h	41m 42s	$93K	—	111x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against KuCoin. 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 KuCoinbpFee GMXbpOrdersPrice spread, now +0.038%Rate

Funding earned: $29.23
Price spread: +0.038% → 0.000%: $3.81
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $9.04
Costs to cover: 0.240%
Break-even: 4.8 days

Slippage unknown: KuCoin: 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 KuCoin live order book, 5 min ago	0.76 bp	8.2 bp −$8	17.3 bp −$173	doesn't fit	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 exchanges

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
Hotstuff SILVER-PERP	−3.2000%	1h	65.532	−0.104%	$36K	$23K	20x	as long as short
Ondo Perps XAG-USD.P	−0.0005%	1h	65.520	−0.122%	$5.7M	$11.0M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.525	−0.114%	$13K	$8K	5x	as long as short
Gate XAG_USDT	0.0000%	4h	65.640	+0.061%	$138.4M	$204.9M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.640	+0.061%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.670	+0.107%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.640	+0.061%	$1.5M	$252K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.566	−0.052%	$119K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.637	+0.056%	$4.6M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.573	−0.042%	$5.1M	$11.8M	10x	as long as short

Show all 44 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	64.602	−1.521%	$11K	$240	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.610	+0.015%	$789K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.058	+0.698%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.606	+0.009%	$3.8M	$892K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.574	−0.040%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.620	+0.030%	$447K	$1.4M	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0055%	1h	65.610	+0.015%	$77K	$414K	20x	as long as short
Paradex XAG-USD-PERP	+0.0055%	8h	65.620	+0.031%	$29K	—	5x	as long as short
tradeXYZ xyz:SILVER	+0.0061%	1h	65.616	+0.024%	$174.4M	$94.2M	25x	as long as short
Variational Omni XAG	+0.0081%	4h	65.578	−0.033%	$5.7M	$9.1M	—	as long as short
Pacifica XAG	+0.0100%	1h	65.589	−0.017%	$467K	$567K	10x	as long as short
KuCoin XAGUSDTMlong	+0.0100%	4h	65.600	long leg	$25.4M	$4.7M	75x
ApeX Omni XAGUSDT	+0.0100%	1h	65.590	−0.015%	$112K	$19K	50x	as long as short
Kalshi KXSILVERPERP	+0.0100%	24h	65.622	+0.034%	$719K	$38.7M	8.1x	as long as short
Aster XAGUSDT	+0.0100%	4h	65.643	+0.065%	$2.7M	$1.2M	100x	as long as short
MEXC SILVER_USDT	+0.0102%	4h	65.630	+0.046%	$110.7M	$163.3M	1000x	as long as short
Binance XAGUSDT	+0.0103%	4h	65.647	+0.072%	$191.6M	$863.4M	100x	as long as short
Aevo XAG-PERP	+0.0104%	1h	65.615	+0.022%	$47K	—	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	65.690	+0.137%	$1.6M	$1.9M	20x	as long as short
Bybit XAGUSDT	+0.0106%	4h	65.660	+0.091%	$30.6M	$48.2M	150x	as long as short
edgeX XAGUSDC	+0.0115%	4h	65.564	−0.054%	$668K	$315K	30x	as long as short
RISEx XAG/USDC	+0.0116%	1h	65.641	+0.063%	$1.2M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0122%	1h	65.545	−0.084%	$55K	$14K	25x	as long as short
GRVT XAG_USDT_Perp	+0.0130%	4h	65.656	+0.086%	$396K	$1.5M	25x	as long as short
Nado XAG-PERP	+0.0135%	1h	65.605	+0.007%	$1.2M	$3.6M	10x	as long as short
Lighter XAG	+0.0136%	1h	65.637	+0.057%	$5.1M	$11.6M	25x	as long as short
Bullet SILVER-USD	+0.0209%	1h	65.637	+0.057%	$45K	$73K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0209%	8h	65.640	+0.061%	$28.0M	$85.7M	50x	as long as short
Aftermath Perps XAGUSD	+0.0222%	1h	65.609	+0.014%	$79K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0238%	4h	65.640	+0.061%	$23.2M	$52.8M	100x	as long as short
Hibachi XAG/USDT-P	+0.0248%	1h	65.551	−0.074%	$21K	$12K	10x	as long as short
GMX SILVER/USD [ETH-USDC]short	L +0.0271% / S −0.0239%	1h	65.625	+0.038%	$93K	—	111x
BloFin XAG-USDT	+0.0347%	4h	65.590	−0.015%	$2.7M	$771K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0548%	1h	65.609	+0.014%	$1.0M	$943K	25x	as long as short