Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0139%/8h= −15.2% APRpaid last 24h +0.035%

Price spread now: GMX against BloFin+0.053%7-day average — · you sell dearer than you buy

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

Long on BloFin 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

The price spread pays, funding is against you. GMX is 0.053% dearer against BloFin than usual: you sell high and buy low (spread +0.053% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 31 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XAG-USDT	65.440	0.0370	pay 0.0185% / 4h	2h 08m	$2.7M	$758K	100x
Short	GMX SILVER/USD [ETH-USDC]	65.475	L +0.0265% / S −0.0231%	get 0.0029% / 1h	8m 47s	$93K	—	111x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against BloFin. 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 BloFinbpFee GMXbpOrdersPrice spread, now +0.053%Rate

Funding earned: −$29.19
Price spread: +0.053% → 0.000%: $5.35
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$47.84
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 2 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 BloFin live order book, 2 min ago	0.76 bp	6.8 bp −$7	6.8 bp −$68	9.8 bp −$977	17.1 bp −$8,556
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
Injective XAG/USDC PERP	−0.0220%	1h	64.602	−1.281%	$11K	$240	52x	as long as short
Ondo Perps XAG-USD.P	−0.0009%	1h	65.340	−0.153%	$5.7M	$10.5M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.390	−0.076%	$12K	$6K	5x	as long as short
Gate XAG_USDT	0.0000%	4h	65.470	+0.046%	$139.3M	$200.7M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.480	+0.061%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.510	+0.107%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.470	+0.046%	$1.5M	$252K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.409	−0.047%	$118K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.469	+0.045%	$4.5M	$9.7M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.398	−0.065%	$5.1M	$11.6M	10x	as long as short

Show all 44 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff SILVER-PERP	+0.0040%	1h	65.416	−0.037%	$36K	$23K	20x	as long as short
StandX XAG-USD	+0.0040%	1h	65.390	−0.076%	$787K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.890	+0.688%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.443	+0.005%	$3.8M	$892K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.407	−0.050%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0057%	8h	65.435	−0.008%	$29K	$166	5x	as long as short
QFEX SILVER-USD	+0.0062%	1h	65.450	+0.015%	$444K	$1.4M	20x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0088%	1h	65.390	−0.076%	$1.6M	$1.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0097%	24h	65.448	+0.012%	$625K	$37.3M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	65.394	−0.070%	$465K	$572K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.430	−0.015%	$25.2M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.400	−0.061%	$112K	$19K	50x	as long as short
Variational Omni XAG	+0.0101%	4h	65.440	0.000%	$5.7M	$9.2M	—	as long as short
Phoenix SILVER	+0.0110%	1h	65.406	−0.052%	$55K	$13K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0119%	1h	65.433	−0.011%	$174.3M	$92.7M	25x	as long as short
Aevo XAG-PERP	+0.0128%	1h	65.461	+0.033%	$47K	—	10x	as long as short
MEXC SILVER_USDT	+0.0130%	4h	65.450	+0.015%	$120.6M	$167.3M	1000x	as long as short
Binance XAGUSDT	+0.0130%	4h	65.466	+0.040%	$193.0M	$836.8M	100x	as long as short
edgeX XAGUSDC	+0.0132%	4h	65.468	+0.042%	$667K	$313K	30x	as long as short
Aster XAGUSDT	+0.0135%	4h	65.428	−0.018%	$2.7M	$1.1M	100x	as long as short
Nado XAG-PERP	+0.0176%	1h	65.418	−0.033%	$1.2M	$3.7M	10x	as long as short
GRVT XAG_USDT_Perp	+0.0184%	4h	65.455	+0.022%	$395K	$1.6M	25x	as long as short
Lighter XAG	+0.0192%	1h	65.462	+0.034%	$5.1M	$11.7M	25x	as long as short
Bybit XAGUSDT	+0.0200%	4h	65.480	+0.061%	$30.5M	$46.8M	150x	as long as short
RISEx XAG/USDC	+0.0206%	1h	65.483	+0.066%	$1.2M	$4.9M	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.450	+0.015%	$77K	$411K	20x	as long as short
Aftermath Perps XAGUSD	+0.0212%	1h	65.382	−0.089%	$79K	$37K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0214%	8h	65.460	+0.031%	$28.0M	$82.6M	50x	as long as short
Bitget XAGUSDT	+0.0248%	4h	65.460	+0.031%	$23.1M	$50.4M	100x	as long as short
Hibachi XAG/USDT-P	+0.0248%	1h	65.376	−0.098%	$21K	$12K	10x	as long as short
GMX SILVER/USD [ETH-USDC]short	L +0.0265% / S −0.0231%	1h	65.475	+0.053%	$93K	—	111x
Bullet SILVER-USD	+0.0275%	1h	65.483	+0.066%	$44K	$74K	10x	as long as short
BloFin XAG-USDTlong	+0.0370%	4h	65.440	long leg	$2.7M	$758K	100x
Kraken Futures PF_XAGUSD	+0.0774%	1h	65.444	+0.007%	$1.0M	$937K	25x	as long as short