Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0297%/8h= +32.6% APRpaid last 24h +0.049%

Price spread now: GMX against Paradex+0.091%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on GMX

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 days—no price history on both exchanges yet

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

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and GMX is 0.091% dearer against Paradex than usual: you sell high and buy low: +$9 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	Paradex XAG-USD-PERP	65.616	0.0064	pay 0.0064% / 8h	2h 10m	$29K	$1K	5x
Short	GMX SILVER/USD [ETH-USDC]	65.675	L +0.0366% / S −0.0361%	get 0.0045% / 1h	10m 12s	$93K	—	111x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Paradex. 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 ParadexbpFee GMXbpOrdersPrice spread, now +0.091%Rate

Funding earned: $62.45
Price spread: +0.091% → 0.000%: $9.05
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee GMX: 6 bp × 2 orders: −$12
Net: $55.5
Costs to cover: 0.160%
Break-even: 0.8 days

Slippage unknown: Paradex: no order-book sample; 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 Paradex no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Paradex and 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	65.576	−0.060%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.690	+0.113%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.710	+0.144%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.690	+0.113%	$1.5M	$280K	100x	as long as short
Ondo Perps XAG-USD.P	+0.0001%	1h	65.560	−0.085%	$5.6M	$9.7M	25x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.616	+0.001%	$119K	—	250x	as long as short
RISEx XAG/USDC	+0.0030%	1h	65.662	+0.071%	$1.2M	$4.9M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	65.671	+0.085%	$4.7M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.619	+0.005%	$5.1M	$11.7M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.195%	$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
Phoenix SILVER	+0.0036%	1h	65.418	−0.301%	$56K	$26K	25x	as long as short
Gate XAG_USDT	+0.0040%	4h	65.690	+0.113%	$145.1M	$179.8M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.570	−0.069%	$789K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.068	+0.689%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.627	+0.017%	$3.9M	$710K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.636	+0.031%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.630	+0.022%	$157K	$2.8M	20x	as long as short
Hotstuff SILVER-PERP	+0.0056%	1h	65.607	−0.013%	$35K	$21K	20x	as long as short
Paradex XAG-USD-PERPlong	+0.0064%	8h	65.616	long leg	$29K	$1K	5x
Kalshi KXSILVERPERP	+0.0076%	24h	65.640	+0.037%	$450K	$28.9M	8.1x	as long as short
tradeXYZ xyz:SILVER	+0.0081%	1h	65.647	+0.048%	$171.1M	$82.7M	25x	as long as short
Aster XAGUSDT	+0.0088%	4h	65.680	+0.098%	$2.7M	$944K	100x	as long as short
Pacifica XAG	+0.0100%	1h	65.585	−0.047%	$468K	$626K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.620	+0.007%	$24.7M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.400	−0.329%	$112K	$23K	50x	as long as short
Bybit XAGUSDT	+0.0125%	4h	65.710	+0.144%	$28.9M	$38.9M	150x	as long as short
Variational Omni XAG	+0.0127%	4h	65.584	−0.049%	$5.5M	$9.5M	—	as long as short
Lighter XAG	+0.0128%	1h	65.691	+0.114%	$5.3M	$11.2M	25x	as long as short
Hibachi XAG/USDT-P	+0.0136%	1h	65.476	−0.213%	$20K	$19K	10x	as long as short
Aevo XAG-PERP	+0.0136%	1h	65.678	+0.095%	$47K	—	10x	as long as short
Binance XAGUSDT	+0.0138%	4h	65.690	+0.113%	$189.4M	$744.6M	100x	as long as short
MEXC SILVER_USDT	+0.0138%	4h	65.650	+0.052%	$123.3M	$161.5M	1000x	as long as short
Nado XAG-PERP	+0.0155%	1h	65.582	−0.051%	$1.3M	$5.5M	10x	as long as short
edgeX XAGUSDC	+0.0158%	4h	65.443	−0.263%	$666K	$311K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.530	−0.130%	$1.6M	$1.3M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0204%	4h	65.430	−0.283%	$397K	$1.5M	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0207%	1h	65.680	+0.098%	$66K	$368K	20x	as long as short
Aftermath Perps XAGUSD	+0.0208%	1h	65.471	−0.221%	$79K	$37K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0216%	8h	65.700	+0.129%	$27.9M	$70.2M	50x	as long as short
Bitget XAGUSDT	+0.0216%	4h	65.700	+0.129%	$23.8M	$46.2M	100x	as long as short
Bullet SILVER-USD	+0.0245%	1h	65.681	+0.099%	$43K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]short	L +0.0366% / S −0.0361%	1h	65.675	+0.091%	$93K	—	111x
BloFin XAG-USDT	+0.0379%	4h	65.610	−0.009%	$2.6M	$622K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0469%	1h	65.657	+0.063%	$916K	$735K	25x	as long as short