Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0144%/8h= +15.8% APRpaid last 24h +0.036%

Price spread now: GMX against Paradex+0.056%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 +$4 a day on $10k at the current rate, and GMX is 0.056% dearer against Paradex than usual: you sell high and buy low: +$6 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	66.338	0.0137	pay 0.0137% / 8h	6h 13m	$30K	$1K	5x
Short	GMX SILVER/USD [ETH-USDC]	66.375	L +0.0291% / S −0.0281%	get 0.0035% / 1h	13m 40s	$103K	—	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 +0.056%Rate

Funding earned: $30.24
Price spread: +0.056% → 0.000%: $5.64
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee GMX: 6 bp × 2 orders: −$12
Net: $19.88
Costs to cover: 0.160%
Break-even: 2.4 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 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	66.296	−0.063%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.360	+0.034%	$153.2M	$164.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.360	+0.034%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.400	+0.094%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.410	+0.109%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.299	−0.058%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.323	−0.022%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.281	−0.085%	$5.4M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.094%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.410	+0.109%	$799K	$2.9M	40x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SI-PERP	+0.0046%	1h	66.793	+0.687%	—	—	25x	as long as short
Ondo Perps XAG-USD.P	+0.0048%	1h	66.230	−0.162%	$5.7M	$9.6M	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.402	+0.097%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.308	−0.045%	$3.9M	$669K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.304	−0.051%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.330	−0.011%	$115K	$2.7M	20x	as long as short
Hotstuff SILVER-PERP	+0.0056%	1h	66.305	−0.049%	$35K	$21K	20x	as long as short
Kalshi KXSILVERPERP	+0.0062%	24h	66.342	+0.007%	$609K	$23.8M	8.1x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.337	−0.001%	$1.2M	$4.4M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0099%	1h	66.305	−0.049%	$165.9M	$76.2M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.296	−0.063%	$472K	$606K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.310	−0.042%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.380	+0.064%	$126K	$23K	50x	as long as short
Bybit XAGUSDT	+0.0131%	4h	66.380	+0.064%	$26.6M	$36.4M	150x	as long as short
Aster XAGUSDT	+0.0132%	4h	66.350	+0.019%	$2.7M	$942K	100x	as long as short
Paradex XAG-USD-PERPlong	+0.0137%	8h	66.338	long leg	$30K	$1K	5x
Variational Omni XAG	+0.0166%	4h	66.373	+0.053%	$5.5M	$9.8M	—	as long as short
Aevo XAG-PERP	+0.0168%	1h	66.358	+0.031%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0180%	4h	66.330	−0.011%	$102.7M	$158.6M	1000x	as long as short
Binance XAGUSDT	+0.0181%	4h	66.360	+0.034%	$192.2M	$706.4M	100x	as long as short
edgeX XAGUSDC	+0.0184%	4h	66.421	+0.126%	$674K	$315K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.410	+0.109%	$1.9M	$971K	20x	as long as short
Lighter XAG	+0.0192%	1h	66.332	−0.008%	$5.3M	$10.6M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0212%	8h	66.360	+0.034%	$28.0M	$65.7M	50x	as long as short
Hibachi XAG/USDT-P	+0.0224%	1h	66.320	−0.027%	$20K	$22K	10x	as long as short
Nado XAG-PERP	+0.0225%	1h	66.283	−0.082%	$1.3M	$6.5M	10x	as long as short
Aftermath Perps XAGUSD	+0.0235%	1h	66.331	−0.010%	$80K	$38K	10x	as long as short
Bitget XAGUSDT	+0.0248%	4h	66.360	+0.034%	$23.9M	$46.1M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0266%	4h	66.450	+0.169%	$395K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0288%	1h	66.377	+0.059%	$46K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]short	L +0.0291% / S −0.0281%	1h	66.375	+0.056%	$103K	—	111x
Kraken Futures PF_XAGUSD	+0.0463%	1h	66.323	−0.021%	$765K	$478K	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0504%	1h	66.370	+0.049%	$50K	$325K	20x	as long as short