Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0150%/8h= +16.4% APRpaid last 24h +0.028%

Price spread now: GMX against MEXC+0.053%7-day average +0.039% · you sell dearer than you buy

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

Long on MEXC Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.124%+$12 on $10k

Price spread, last 3 days (all we have)+0.010%+$1 · spread now +0.053%, 7d avg +0.039%

Together, before fees+0.134%+$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.039%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SILVER_USDT	66.220	0.0192	pay 0.0096% / 4h	1h 49m	$110.5M	$151.8M	1000x
Short	GMX SILVER/USD [ETH-USDC]	66.255	L +0.0331% / S −0.0342%	get 0.0043% / 1h	49m 45s	$103K	—	111x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against MEXC. 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 MEXCbpFee GMXbpOrdersPrice spread, now +0.053%Rate

Funding earned: $31.4
Price spread: +0.053% → +0.039%: $1.41
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $20.81
Costs to cover: 0.120%
Break-even: 2.4 days

Slippage unknown: MEXC: 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 MEXC live order book, 4 min ago	0.75 bp	0.8 bp −$1	0.8 bp −$8	0.8 bp −$75	3.5 bp −$1,750
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 43 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	66.178	−0.063%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.240	+0.030%	$151.4M	$161.7M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.250	+0.045%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.260	+0.060%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.250	+0.045%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.184	−0.054%	$121K	—	250x	as long as short
Ondo Perps XAG-USD.P	+0.0017%	1h	66.160	−0.091%	$5.7M	$9.7M	25x	as long as short
Hotstuff SILVER-PERP	+0.0024%	1h	66.228	+0.012%	$35K	$21K	20x	as long as short
Lighter RH XAG	+0.0032%	1h	66.214	−0.010%	$4.8M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.169	−0.077%	$5.3M	$12.1M	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.272%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.230	+0.015%	$797K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.693	+0.714%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.218	−0.003%	$3.9M	$673K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.171	−0.074%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.250	+0.045%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0063%	24h	66.213	−0.011%	$547K	$24.5M	8.1x	as long as short
Phoenix SILVER	+0.0084%	1h	66.303	+0.125%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0091%	1h	66.189	−0.047%	$165.7M	$74.7M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.206	−0.021%	$471K	$607K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.200	−0.030%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.330	+0.166%	$113K	$30K	50x	as long as short
Paradex XAG-USD-PERP	+0.0137%	8h	66.255	+0.054%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0138%	4h	66.231	+0.017%	$2.7M	$917K	100x	as long as short
Bybit XAGUSDT	+0.0141%	4h	66.240	+0.030%	$26.7M	$36.1M	150x	as long as short
Lighter XAG	+0.0168%	1h	66.221	+0.002%	$5.3M	$10.4M	25x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.231	+0.016%	$48K	—	10x	as long as short
Variational Omni XAG	+0.0176%	4h	66.242	+0.033%	$5.5M	$9.7M	—	as long as short
RISEx XAG/USDC	+0.0181%	1h	66.267	+0.071%	$1.2M	$4.4M	20x	as long as short
Binance XAGUSDT	+0.0191%	4h	66.228	+0.012%	$191.8M	$706.2M	100x	as long as short
MEXC SILVER_USDTlong	+0.0192%	4h	66.220	long leg	$110.5M	$151.8M	1000x
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.350	+0.196%	$1.9M	$972K	20x	as long as short
edgeX XAGUSDC	+0.0201%	4h	66.366	+0.221%	$673K	$314K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0217%	8h	66.230	+0.015%	$27.8M	$65.6M	50x	as long as short
Aftermath Perps XAGUSD	+0.0233%	1h	66.266	+0.069%	$80K	$38K	10x	as long as short
Nado XAG-PERP	+0.0238%	1h	66.215	−0.008%	$1.3M	$6.6M	10x	as long as short
Hibachi XAG/USDT-P	+0.0248%	1h	66.199	−0.032%	$20K	$22K	10x	as long as short
Bitget XAGUSDT	+0.0254%	4h	66.230	+0.015%	$23.9M	$46.1M	100x	as long as short
Bullet SILVER-USD	+0.0266%	1h	66.264	+0.066%	$46K	$75K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0282%	4h	66.380	+0.241%	$393K	$1.5M	25x	as long as short
GMX SILVER/USD [ETH-USDC]short	L +0.0331% / S −0.0342%	1h	66.255	+0.053%	$103K	—	111x
Deribit SILVER_USDC-PERPETUAL	+0.0354%	1h	66.220	0.000%	$50K	$326K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0550%	1h	66.208	−0.017%	$763K	$475K	25x	as long as short