Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h −0.017%

Price spread now: Injective against Aster+2.044%77s7-day average — · you sell dearer than you buy

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

Long on Aster Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.047%−$5 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Injective is 2.044% dearer against Aster than usual: you sell high and buy low (spread +2.044% now, against zero (this spread has no 7-day history yet)): +$204 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8 months. The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XAGUSDT	65.070	0.0061	pay 0.0031% / 4h	3h 53m	$2.6M	$987K	100x
Short	Injective XAG/USDC PERP	66.400	0.0033	get 0.0004% / 1h	53m 58s	$11K	$94K	52x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +2.044%Rate

Funding earned: −$5.91
Price spread: +2.044% → 0.000%: $204.4
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $190.46
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Aster: live order book, 5 min ago; Injective: 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, 5 min ago	0.77 bp	4.8 bp −$5	6.3 bp −$63	14.7 bp −$1,474	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	64.987	−0.128%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.070	0.000%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.090	+0.031%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.080	+0.015%	$1.5M	$291K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.003	−0.103%	$117K	—	250x	as long as short
Variational Omni XAG	+0.0018%	4h	65.014	−0.086%	$5.4M	$9.1M	—	as long as short
Lighter RH XAG	+0.0032%	1h	65.074	+0.006%	$4.6M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.014	−0.087%	$4.9M	$11.8M	10x	as long as short
Injective XAG/USDC PERPshort	+0.0033%	1h	66.400	+2.044%	$11K	$94K	52x
StandX XAG-USD	+0.0040%	1h	65.010	−0.092%	$782K	$3.0M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SI-PERP	+0.0046%	1h	65.451	+0.586%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0047%	1h	65.040	−0.046%	$171K	$1.4M	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	64.982	−0.135%	$3.8M	$890K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	64.995	−0.115%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	64.930	−0.215%	$5.6M	$9.8M	25x	as long as short
MEXC SILVER_USDT	+0.0052%	4h	65.070	0.000%	$124.7M	$155.6M	1000x	as long as short
Binance XAGUSDT	+0.0053%	4h	65.080	+0.015%	$193.4M	$762.0M	100x	as long as short
Paradex XAG-USD-PERP	+0.0058%	8h	65.020	−0.077%	$29K	$1K	5x	as long as short
Phoenix SILVER	+0.0061%	1h	64.998	−0.111%	$55K	$31K	25x	as long as short
Aster XAGUSDTlong	+0.0061%	4h	65.070	long leg	$2.6M	$987K	100x
Hotstuff SILVER-PERP	+0.0064%	1h	65.014	−0.086%	$35K	$21K	20x	as long as short
Gate XAG_USDT	+0.0064%	4h	65.100	+0.046%	$139.8M	$178.9M	100x	as long as short
Aevo XAG-PERP	+0.0064%	1h	65.053	−0.026%	$47K	—	10x	as long as short
edgeX XAGUSDC	+0.0065%	4h	65.039	−0.047%	$662K	$312K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0080%	1h	65.010	−0.092%	$1.6M	$1.4M	20x	as long as short
Kalshi KXSILVERPERP	+0.0082%	24h	65.039	−0.048%	$478K	$33.4M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	64.979	−0.140%	$462K	$594K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.030	−0.061%	$25.2M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	64.950	−0.184%	$111K	$19K	50x	as long as short
Bybit XAGUSDT	+0.0118%	4h	65.090	+0.031%	$27.3M	$39.4M	150x	as long as short
tradeXYZ xyz:SILVER	+0.0147%	1h	65.038	−0.049%	$173.7M	$85.7M	25x	as long as short
RISEx XAG/USDC	+0.0158%	1h	65.047	−0.035%	$1.3M	$4.9M	20x	as long as short
Nado XAG-PERP	+0.0171%	1h	64.979	−0.140%	$1.2M	$4.6M	10x	as long as short
Bitget XAGUSDT	+0.0180%	4h	65.090	+0.031%	$23.2M	$45.1M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0182%	8h	65.090	+0.031%	$28.5M	$72.2M	50x	as long as short
Aftermath Perps XAGUSD	+0.0202%	1h	65.024	−0.071%	$78K	$37K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0211%	1h	65.040	−0.046%	$77K	$416K	20x	as long as short
BloFin XAG-USDT	+0.0213%	4h	65.010	−0.092%	$2.7M	$628K	100x	as long as short
Lighter XAG	+0.0216%	1h	65.076	+0.009%	$5.3M	$10.7M	25x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.065	−0.008%	$92K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0272%	1h	64.950	−0.184%	$20K	$15K	10x	as long as short
Bullet SILVER-USD	+0.0318%	1h	65.063	−0.011%	$45K	$75K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0366%	4h	65.020	−0.077%	$387K	$1.6M	25x	as long as short
Kraken Futures PF_XAGUSD	+0.0419%	1h	65.038	−0.049%	$1.0M	$868K	25x	as long as short