Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0030%/8h= +3.3% APRpaid last 24h +0.024%

Price spread now: Binance against Injective−1.910%67s7-day average — · you buy dearer than you sell

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

Long on Injective Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

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

Together, before fees—needs both histories

Funding pays, the price is against you. Binance is 1.910% cheaper against Injective than usual: you would sell low and buy high (spread −1.910% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$191 on $10k: about 7 months of funding at the current rate (+$1 a day). The two prices were read 67 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	Injective XAG/USDC PERP	66.400	0.0033	pay 0.0004% / 1h	46m 15s	$11K	$94K	52x
Short	Binance XAGUSDT	65.132	0.0064	get 0.0032% / 4h	3h 46m	$193.6M	$761.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Injective. 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 InjectivebpFee BinancebpOrdersPrice spread, now −1.910%Rate

Funding earned: $6.37
Price spread: −1.910% → 0.000%: −$190.97
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Binance: 5 bp × 2 orders: −$10
Net: −$194.62
Costs to cover: 0.100%
Break-even: 220.9 days

Slippage unknown: Injective: no order-book sample; Binance: live order book, 13 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell Binance live order book, 13 min ago	0.77 bp	5.8 bp −$6	5.8 bp −$58	9.5 bp −$953	26.8 bp −$13.4K

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	65.046	−2.039%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.120	−1.928%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.160	−1.867%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.150	−1.883%	$1.5M	$291K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.060	−2.018%	$118K	—	250x	as long as short
Variational Omni XAG	+0.0022%	4h	65.154	−1.876%	$5.4M	$9.1M	—	as long as short
Lighter RH XAG	+0.0032%	1h	65.134	−1.907%	$4.6M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.059	−2.019%	$4.9M	$11.8M	10x	as long as short
Injective XAG/USDC PERPlong	+0.0033%	1h	66.400	long leg	$11K	$94K	52x
StandX XAG-USD	+0.0040%	1h	65.080	−1.988%	$783K	$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	65.531	−1.309%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0047%	1h	65.110	−1.943%	$174K	$1.4M	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.058	−2.021%	$3.8M	$890K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.058	−2.021%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	65.020	−2.078%	$5.6M	$9.8M	25x	as long as short
Paradex XAG-USD-PERP	+0.0059%	8h	65.083	−1.984%	$29K	$166	5x	as long as short
Bybit XAGUSDT	+0.0061%	4h	65.140	−1.898%	$27.4M	$39.2M	150x	as long as short
MEXC SILVER_USDT	+0.0062%	4h	65.130	−1.913%	$125.1M	$156.0M	1000x	as long as short
Binance XAGUSDTshort	+0.0064%	4h	65.132	−1.910%	$193.6M	$761.4M	100x
edgeX XAGUSDC	+0.0065%	4h	65.127	−1.917%	$663K	$314K	30x	as long as short
Aevo XAG-PERP	+0.0072%	1h	65.116	−1.934%	$47K	—	10x	as long as short
Aster XAGUSDT	+0.0073%	4h	65.120	−1.928%	$2.6M	$997K	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0080%	1h	65.070	−2.003%	$1.6M	$1.4M	20x	as long as short
Kalshi KXSILVERPERP	+0.0083%	24h	65.110	−1.943%	$480K	$33.4M	8.1x	as long as short
Gate XAG_USDT	+0.0090%	4h	65.150	−1.883%	$139.9M	$179.5M	100x	as long as short
Hotstuff SILVER-PERP	+0.0096%	1h	65.075	−1.995%	$35K	$21K	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.045	−2.041%	$463K	$592K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.080	−1.988%	$25.2M	$4.4M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.050	−2.033%	$111K	$19K	50x	as long as short
Phoenix SILVER	+0.0111%	1h	65.067	−2.008%	$55K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0150%	1h	65.098	−1.961%	$173.9M	$85.9M	25x	as long as short
Nado XAG-PERP	+0.0154%	1h	65.058	−2.021%	$1.2M	$4.4M	10x	as long as short
RISEx XAG/USDC	+0.0158%	1h	65.126	−1.919%	$1.3M	$4.9M	20x	as long as short
Bitget XAGUSDT	+0.0188%	4h	65.140	−1.898%	$23.2M	$45.1M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0190%	8h	65.150	−1.883%	$28.6M	$72.3M	50x	as long as short
Aftermath Perps XAGUSD	+0.0208%	1h	65.082	−1.985%	$78K	$37K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0211%	1h	65.100	−1.958%	$77K	$418K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.135	−1.905%	$92K	—	111x	as long as short
BloFin XAG-USDT	+0.0248%	4h	65.150	−1.883%	$2.7M	$633K	100x	as long as short
Lighter XAG	+0.0256%	1h	65.132	−1.910%	$5.3M	$10.8M	25x	as long as short
Hibachi XAG/USDT-P	+0.0296%	1h	65.097	−1.963%	$20K	$15K	10x	as long as short
Bullet SILVER-USD	+0.0322%	1h	65.141	−1.896%	$45K	$75K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0396%	4h	65.138	−1.901%	$391K	$1.6M	25x	as long as short
Kraken Futures PF_XAGUSD	+0.0418%	1h	65.102	−1.955%	$1.0M	$868K	25x	as long as short