Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0137%/8h= +15.0% APRpaid last 24h +0.037%

Price spread now: GMX against Aster−0.008%7-day average +0.017% · you buy dearer than you sell

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

Long on Aster Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.134%+$13 on $10k

Price spread, last 3 days (all we have)+0.063%+$6 · spread now −0.008%, 7d avg +0.017%

Together, before fees+0.197%+ Points / potential airdropAster: Stage 5 · farm board+$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.025% cheaper against Aster than usual: you would sell low and buy high (spread −0.008% now, against its 7-day average of +0.017%). If the spread goes back, that is −$3 on $10k: about 15 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XAGUSDT	66.400	0.0093	pay 0.0047% / 4h	37m 58s	$2.8M	$1.1M	100x
Short	GMX SILVER/USD [ETH-USDC]	66.395	L +0.0258% / S −0.0231%	get 0.0029% / 1h	37m 58s	$103K	—	111x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Aster. 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 AsterbpFee GMXbpOrdersPrice spread, now −0.008%Rate

Funding earned: $28.84
Price spread: −0.008% → +0.017%: −$2.5
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $6.34
Costs to cover: 0.200%
Break-even: 5.5 days

Slippage unknown: Aster: live order book, 6 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 Aster live order book, 6 min ago	0.75 bp	4.8 bp −$5	6.2 bp −$62	15.1 bp −$1,512	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
dYdX XAG-USD	0.0000%	1h	66.370	−0.046%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.430	+0.045%	$25.9M	$33.7M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.400	0.000%	$147.1M	$170.4M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.420	+0.030%	$2K	$3.1M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.430	+0.045%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.430	+0.045%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.330	−0.106%	$120K	—	250x	as long as short
Hotstuff SILVER-PERP	+0.0024%	1h	66.371	−0.044%	$35K	$21K	20x	as long as short
Lighter RH XAG	+0.0032%	1h	66.394	−0.010%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.345	−0.083%	$5.5M	$12.3M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	66.400	0.000%	$11K	$94K	52x	as long as short
Phoenix SILVER	+0.0036%	1h	66.418	+0.027%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	66.410	+0.015%	$795K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.844	+0.669%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.367	−0.050%	$3.9M	$699K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.323	−0.116%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.310	−0.136%	$5.7M	$10.0M	25x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.358	−0.063%	$591K	$21.2M	8.1x	as long as short
QFEX SILVER-USD	+0.0061%	1h	66.400	0.000%	$124K	$2.8M	20x	as long as short
BloFin XAG-USDT	+0.0067%	4h	66.440	+0.060%	$2.6M	$650K	100x	as long as short
tradeXYZ xyz:SILVER	+0.0070%	1h	66.374	−0.039%	$165.4M	$86.9M	25x	as long as short
Variational Omni XAG	+0.0090%	4h	66.457	+0.085%	$5.6M	$10.1M	—	as long as short
Aster XAGUSDTlong	+0.0093%	4h	66.400	long leg	$2.8M	$1.1M	100x
Pacifica XAG	+0.0100%	1h	66.353	−0.071%	$475K	$612K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.360	−0.060%	$24.4M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.410	+0.015%	$126K	$26K	50x	as long as short
MEXC SILVER_USDT	+0.0102%	4h	66.410	+0.015%	$114.6M	$153.0M	1000x	as long as short
Paradex XAG-USD-PERP	+0.0103%	8h	66.391	−0.013%	$30K	$1K	5x	as long as short
Aevo XAG-PERP	+0.0104%	1h	66.393	−0.011%	$48K	—	10x	as long as short
Binance XAGUSDT	+0.0104%	4h	66.419	+0.028%	$191.9M	$722.3M	100x	as long as short
Lighter XAG	+0.0112%	1h	66.372	−0.042%	$5.2M	$10.3M	25x	as long as short
edgeX XAGUSDC	+0.0114%	4h	66.457	+0.085%	$674K	$314K	30x	as long as short
Bitget XAGUSDT	+0.0124%	4h	66.420	+0.030%	$24.2M	$47.9M	100x	as long as short
Aftermath Perps XAGUSD	+0.0153%	1h	66.391	−0.014%	$80K	$40K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0158%	4h	66.470	+0.105%	$395K	$1.4M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0160%	1h	66.420	+0.030%	$1.9M	$848K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0189%	8h	66.420	+0.030%	$27.6M	$66.1M	50x	as long as short
RISEx XAG/USDC	+0.0208%	1h	66.408	+0.012%	$1.3M	$4.2M	20x	as long as short
Bullet SILVER-USD	+0.0247%	1h	66.410	+0.015%	$45K	$75K	10x	as long as short
Nado XAG-PERP	+0.0255%	1h	66.345	−0.083%	$1.3M	$6.6M	10x	as long as short
GMX SILVER/USD [ETH-USDC]short	L +0.0258% / S −0.0231%	1h	66.395	−0.008%	$103K	—	111x
Hibachi XAG/USDT-P	+0.0304%	1h	66.380	−0.030%	$20K	$22K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0504%	1h	66.380	−0.030%	$50K	$360K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0597%	1h	66.362	−0.058%	$767K	$566K	25x	as long as short