Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0108%/8h= −11.8% APRpaid last 24h −0.026%

Price spread now: Injective against edgeX−0.277%7-day average — · you buy dearer than you sell

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

Long on edgeX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.077%−$8 on $10k

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

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Injective is 0.277% cheaper against edgeX than usual: you would sell low and buy high (−$28 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XAGUSDC	66.584	0.0141	pay 0.0071% / 4h	2h 46m	$676K	$315K	30x
Short	Injective XAG/USDC PERP	66.400	0.0033	get 0.0004% / 1h	46m 32s	$11K	$94K	52x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against edgeX. 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 edgeXbpFee InjectivebpOrdersPrice spread, now −0.277%Rate

Funding earned: −$22.67
Price spread: −0.277% → 0.000%: −$27.71
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$59.4
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 22 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 edgeX live order book, 22 min ago	2.25 bp	6.8 bp −$7	6.8 bp −$68	9.2 bp −$916	20.8 bp −$10.4K
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
Hotstuff SILVER-PERP	−0.0032%	1h	66.495	−0.134%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	66.486	−0.148%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.550	−0.052%	$154.7M	$161.3M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.530	−0.082%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.570	−0.022%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.580	−0.007%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.479	−0.158%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.548	−0.055%	$4.8M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.489	−0.144%	$5.4M	$12.5M	10x	as long as short
Injective XAG/USDC PERPshort	+0.0033%	1h	66.400	−0.277%	$11K	$94K	52x

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	66.530	−0.082%	$800K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.988	+0.606%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.496	−0.133%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.526	−0.088%	$3.9M	$669K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.491	−0.140%	$3K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.450	−0.202%	$5.7M	$9.6M	25x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.550	−0.052%	$115K	$2.7M	20x	as long as short
Bybit XAGUSDT	+0.0056%	4h	66.590	+0.008%	$26.5M	$36.0M	150x	as long as short
Kalshi KXSILVERPERP	+0.0060%	24h	66.503	−0.122%	$566K	$23.0M	8.1x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.568	−0.024%	$1.3M	$4.3M	20x	as long as short
Pacifica XAG	+0.0100%	1h	66.490	−0.142%	$473K	$610K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.520	−0.097%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.550	−0.052%	$127K	$23K	50x	as long as short
tradeXYZ xyz:SILVER	+0.0103%	1h	66.526	−0.088%	$166.1M	$79.2M	25x	as long as short
BloFin XAG-USDT	+0.0103%	4h	66.570	−0.022%	$2.6M	$624K	100x	as long as short
Aster XAGUSDT	+0.0112%	4h	66.560	−0.037%	$2.8M	$1.0M	100x	as long as short
Variational Omni XAG	+0.0120%	4h	66.595	+0.015%	$5.6M	$9.7M	—	as long as short
Paradex XAG-USD-PERP	+0.0121%	8h	66.559	−0.039%	$30K	$1K	5x	as long as short
Aevo XAG-PERP	+0.0136%	1h	66.546	−0.058%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0140%	4h	66.550	−0.052%	$108.5M	$156.6M	1000x	as long as short
edgeX XAGUSDClong	+0.0141%	4h	66.584	long leg	$676K	$315K	30x
Binance XAGUSDT	+0.0144%	4h	66.570	−0.022%	$193.0M	$711.8M	100x	as long as short
Lighter XAG	+0.0168%	1h	66.525	−0.089%	$5.4M	$10.4M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.550	−0.052%	$1.9M	$966K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0195%	8h	66.560	−0.037%	$28.1M	$66.3M	50x	as long as short
Bitget XAGUSDT	+0.0216%	4h	66.570	−0.022%	$24.4M	$46.2M	100x	as long as short
Aftermath Perps XAGUSD	+0.0219%	1h	66.515	−0.104%	$80K	$39K	10x	as long as short
Nado XAG-PERP	+0.0219%	1h	66.520	−0.097%	$1.3M	$6.5M	10x	as long as short
GRVT XAG_USDT_Perp	+0.0224%	4h	66.601	+0.025%	$398K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0285%	1h	66.542	−0.064%	$45K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0288%	1h	66.486	−0.148%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0292% / S −0.0281%	1h	66.555	−0.044%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0461%	1h	66.510	−0.111%	$767K	$546K	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0502%	1h	66.560	−0.037%	$50K	$331K	20x	as long as short