Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0013%/8h= −1.4% APRpaid last 24h +0.007%

Price spread now: Injective against Gate+0.499%7-day average — · you sell dearer than you buy

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

Long on Gate Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 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 0.499% dearer against Gate than usual: you sell high and buy low (spread +0.499% now, against zero (this spread has no 7-day history yet)): +$50 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 4 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XAG_USDT	66.070	0.0046	pay 0.0023% / 4h	3h 00m	$149.7M	$164.6M	100x
Short	Injective XAG/USDC PERP	66.400	0.0033	get 0.0004% / 1h	0m 36s	$11K	$94K	52x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Gate. 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 GatebpFee InjectivebpOrdersPrice spread, now +0.499%Rate

Funding earned: −$2.66
Price spread: +0.499% → 0.000%: $49.95
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $32.27
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Gate: live order book, 3 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 Gate live order book, 3 min ago	0.76 bp	8.3 bp −$8	8.3 bp −$83	11.3 bp −$1,127	15.6 bp −$7,788
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	65.940	−0.197%	$5.7M	$9.2M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.989	−0.123%	$14K	$66	5x	as long as short
Hotstuff SILVER-PERP	0.0000%	1h	66.023	−0.071%	$35K	$21K	20x	as long as short
SunX XAG-USDT	0.0000%	4h	66.070	0.000%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.090	+0.030%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.060	−0.015%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.000	−0.106%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.044	−0.040%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.990	−0.120%	$5.2M	$11.5M	10x	as long as short
Injective XAG/USDC PERPshort	+0.0033%	1h	66.400	+0.499%	$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	66.070	0.000%	$795K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.483	+0.625%	—	—	25x	as long as short
Gate XAG_USDTlong	+0.0046%	4h	66.070	long leg	$149.7M	$164.6M	100x
Polymarket Perps SILVER-USD	+0.0050%	1h	66.027	−0.065%	$3.9M	$676K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.997	−0.110%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0055%	8h	66.039	−0.047%	$30K	$1K	5x	as long as short
tradeXYZ xyz:SILVER	+0.0060%	1h	66.017	−0.080%	$166.3M	$73.9M	25x	as long as short
QFEX SILVER-USD	+0.0060%	1h	66.040	−0.045%	$114K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0073%	1h	66.004	−0.100%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0074%	24h	66.025	−0.068%	$530K	$26.7M	8.1x	as long as short
RISEx XAG/USDC	+0.0080%	1h	66.056	−0.021%	$1.3M	$4.9M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.994	−0.116%	$469K	$604K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.020	−0.076%	$24.4M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.030	−0.061%	$113K	$30K	50x	as long as short
Bybit XAGUSDT	+0.0105%	4h	66.070	0.000%	$27.8M	$36.4M	150x	as long as short
Aster XAGUSDT	+0.0118%	4h	66.057	−0.020%	$2.7M	$871K	100x	as long as short
Lighter XAG	+0.0120%	1h	66.048	−0.034%	$5.2M	$10.9M	25x	as long as short
Variational Omni XAG	+0.0158%	4h	66.053	−0.025%	$5.6M	$9.5M	—	as long as short
Aevo XAG-PERP	+0.0168%	1h	66.045	−0.037%	$47K	—	10x	as long as short
MEXC SILVER_USDT	+0.0170%	4h	66.050	−0.030%	$116.3M	$153.1M	1000x	as long as short
Binance XAGUSDT	+0.0171%	4h	66.050	−0.030%	$191.0M	$703.1M	100x	as long as short
edgeX XAGUSDC	+0.0176%	4h	66.048	−0.033%	$670K	$312K	30x	as long as short
Nado XAG-PERP	+0.0187%	1h	66.018	−0.078%	$1.4M	$5.8M	10x	as long as short
Aftermath Perps XAGUSD	+0.0199%	1h	66.031	−0.059%	$79K	$36K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0204%	1h	66.040	−0.045%	$75K	$363K	20x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	65.980	−0.136%	$1.8M	$1.0M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0210%	4h	66.073	+0.005%	$395K	$1.5M	25x	as long as short
BloFin XAG-USDT	+0.0221%	4h	66.070	0.000%	$2.6M	$570K	100x	as long as short
OKX XAG-USDT-SWAP	+0.0223%	8h	66.070	0.000%	$27.8M	$64.5M	50x	as long as short
Bitget XAGUSDT	+0.0226%	4h	66.050	−0.030%	$23.9M	$44.9M	100x	as long as short
Bullet SILVER-USD	+0.0237%	1h	66.065	−0.008%	$44K	$75K	10x	as long as short
Hibachi XAG/USDT-P	+0.0304%	1h	66.010	−0.091%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0388% / S −0.0440%	1h	66.065	−0.008%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0624%	1h	66.031	−0.059%	$911K	$685K	25x	as long as short