Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0184%/8h= −20.1% APRpaid last 24h −0.026%

Price spread now: Injective against BloFin+0.591%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 Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.134%+$13 on $10k

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. Injective is 0.591% dearer against BloFin than usual: you sell high and buy low (spread +0.591% now, against zero (this spread has no 7-day history yet)): +$59 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 11 days. Mind the row above: over the last 7 days funding on this pair paid +0.134%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XAG-USDT	66.010	0.0217	pay 0.0108% / 4h	3h 48m	$2.6M	$556K	100x
Short	Injective XAG/USDC PERP	66.400	0.0033	get 0.0004% / 1h	48m 59s	$11K	$94K	52x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.591%Rate

Funding earned: −$38.54
Price spread: +0.591% → 0.000%: $59.08
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $8.53
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: BloFin: live order book, 4 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 BloFin live order book, 4 min ago	0.76 bp	6.8 bp −$7	6.8 bp −$68	8.3 bp −$828	13.7 bp −$6,849
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
Ondo Perps XAG-USD.P	−0.0049%	1h	65.910	−0.151%	$5.7M	$9.3M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.934	−0.116%	$14K	—	5x	as long as short
SunX XAG-USDT	0.0000%	4h	66.000	−0.015%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.030	+0.030%	$1.0M	$967K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.010	0.000%	$1.5M	$319K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.934	−0.115%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.964	−0.069%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.931	−0.119%	$5.1M	$11.5M	10x	as long as short
Injective XAG/USDC PERPshort	+0.0033%	1h	66.400	+0.591%	$11K	$94K	52x
StandX XAG-USD	+0.0040%	1h	66.020	+0.015%	$794K	$3.1M	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	66.416	+0.615%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.940	−0.106%	$165.9M	$73.6M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.958	−0.079%	$3.9M	$674K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.926	−0.127%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0060%	1h	65.960	−0.076%	$114K	$2.7M	20x	as long as short
Hotstuff SILVER-PERP	+0.0064%	1h	65.965	−0.068%	$35K	$21K	20x	as long as short
Gate XAG_USDT	+0.0066%	4h	65.990	−0.030%	$149.6M	$163.2M	100x	as long as short
Kalshi KXSILVERPERP	+0.0072%	24h	65.936	−0.112%	$536K	$25.8M	8.1x	as long as short
Phoenix SILVER	+0.0073%	1h	65.942	−0.103%	$56K	$26K	25x	as long as short
RISEx XAG/USDC	+0.0080%	1h	65.980	−0.046%	$1.3M	$4.9M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.931	−0.120%	$469K	$614K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.950	−0.091%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.950	−0.091%	$113K	$30K	50x	as long as short
GRVT XAG_USDT_Perp	+0.0108%	4h	65.990	−0.030%	$393K	$1.5M	25x	as long as short
Lighter XAG	+0.0120%	1h	65.978	−0.048%	$5.2M	$10.6M	25x	as long as short
Bybit XAGUSDT	+0.0122%	4h	66.000	−0.015%	$27.3M	$36.3M	150x	as long as short
Paradex XAG-USD-PERP	+0.0131%	8h	65.978	−0.048%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0142%	4h	65.988	−0.033%	$2.7M	$862K	100x	as long as short
Nado XAG-PERP	+0.0162%	1h	65.936	−0.113%	$1.4M	$6.1M	10x	as long as short
Aevo XAG-PERP	+0.0192%	1h	65.984	−0.039%	$47K	—	10x	as long as short
Variational Omni XAG	+0.0195%	4h	65.993	−0.025%	$5.6M	$9.4M	—	as long as short
MEXC SILVER_USDT	+0.0206%	4h	65.970	−0.061%	$113.0M	$151.7M	1000x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	65.950	−0.091%	$1.8M	$1.0M	20x	as long as short
Binance XAGUSDT	+0.0208%	4h	65.980	−0.045%	$190.9M	$702.7M	100x	as long as short
BloFin XAG-USDTlong	+0.0217%	4h	66.010	long leg	$2.6M	$556K	100x
edgeX XAGUSDC	+0.0218%	4h	65.953	−0.087%	$669K	$311K	30x	as long as short
Aftermath Perps XAGUSD	+0.0220%	1h	65.970	−0.061%	$79K	$36K	10x	as long as short
Bullet SILVER-USD	+0.0232%	1h	66.004	−0.009%	$44K	$75K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0234%	8h	65.980	−0.045%	$27.6M	$64.7M	50x	as long as short
Bitget XAGUSDT	+0.0248%	4h	65.980	−0.045%	$23.9M	$45.4M	100x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0357%	1h	65.980	−0.045%	$75K	$363K	20x	as long as short
Hibachi XAG/USDT-P	+0.0360%	1h	65.960	−0.076%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0387% / S −0.0440%	1h	66.005	−0.008%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0624%	1h	65.957	−0.081%	$910K	$683K	25x	as long as short