Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0299%/8h= +32.7% APRpaid last 24h +0.036%

Price spread now: BloFin against Injective+1.746%7-day average — · you sell dearer than you buy

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

Long on Injective Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.115%−$12 on $10k

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and BloFin is 1.746% dearer against Injective than usual: you sell high and buy low: +$175 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.115%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.115% in total (about -6.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective XAG/USDC PERP	64.602	0.0033	pay 0.0004% / 1h	8m 06s	$11K	$240	52x
Short	BloFin XAG-USDT	65.730	0.0332	get 0.0166% / 4h	1h 08m	$2.7M	$782K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +1.746%Rate

Funding earned: $62.72
Price spread: +1.746% → 0.000%: $174.61
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BloFin: 6 bp × 2 orders: −$12
Net: $225.3
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; BloFin: live order book, 3 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 BloFin live order book, 3 min ago	0.76 bp	6.8 bp −$7	6.8 bp −$68	10.4 bp −$1,042	19.4 bp −$9,719

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 exchanges

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	−3.2000%	1h	65.689	+1.683%	$39K	$26K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	65.705	+1.708%	$13K	$8K	5x	as long as short
Gate XAG_USDT	0.0000%	4h	65.790	+1.839%	$138.4M	$206.8M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.760	+1.793%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.800	+1.854%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.770	+1.808%	$1.5M	$257K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.708	+1.712%	$119K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.764	+1.798%	$4.6M	$9.9M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.722	+1.733%	$5.1M	$11.9M	10x	as long as short
Injective XAG/USDC PERPlong	+0.0033%	1h	64.602	long leg	$11K	$240	52x

Show all 44 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	65.690	+1.684%	$790K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.189	+2.457%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.736	+1.755%	$3.8M	$905K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.703	+1.704%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	65.660	+1.638%	$5.6M	$11.2M	25x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.730	+1.746%	$447K	$1.4M	20x	as long as short
Paradex XAG-USD-PERP	+0.0053%	8h	65.745	+1.769%	$29K	—	5x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0054%	1h	65.730	+1.746%	$77K	$413K	20x	as long as short
Bybit XAGUSDT	+0.0061%	4h	65.800	+1.854%	$30.4M	$48.2M	150x	as long as short
Variational Omni XAG	+0.0068%	4h	65.678	+1.666%	$5.6M	$9.0M	—	as long as short
Aster XAGUSDT	+0.0086%	4h	65.780	+1.823%	$2.7M	$1.2M	100x	as long as short
tradeXYZ xyz:SILVER	+0.0087%	1h	65.747	+1.772%	$175.7M	$92.5M	25x	as long as short
Binance XAGUSDT	+0.0090%	4h	65.788	+1.836%	$191.2M	$863.3M	100x	as long as short
MEXC SILVER_USDT	+0.0090%	4h	65.770	+1.808%	$116.5M	$166.7M	1000x	as long as short
Aevo XAG-PERP	+0.0096%	1h	65.748	+1.775%	$47K	—	10x	as long as short
Pacifica XAG	+0.0100%	1h	65.720	+1.730%	$465K	$523K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.730	+1.746%	$25.4M	$4.4M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.660	+1.638%	$112K	$19K	50x	as long as short
edgeX XAGUSDC	+0.0102%	4h	65.689	+1.683%	$670K	$313K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	65.620	+1.576%	$1.6M	$1.9M	20x	as long as short
Kalshi KXSILVERPERP	+0.0105%	24h	65.763	+1.797%	$777K	$39.2M	8.1x	as long as short
GRVT XAG_USDT_Perp	+0.0112%	4h	65.711	+1.717%	$390K	$1.6M	25x	as long as short
RISEx XAG/USDC	+0.0116%	1h	65.765	+1.801%	$1.3M	$5.4M	20x	as long as short
Nado XAG-PERP	+0.0119%	1h	65.729	+1.745%	$1.2M	$3.4M	10x	as long as short
Phoenix SILVER	+0.0122%	1h	65.666	+1.647%	$55K	$14K	25x	as long as short
Lighter XAG	+0.0144%	1h	65.768	+1.804%	$5.3M	$12.0M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0189%	8h	65.790	+1.839%	$28.0M	$86.0M	50x	as long as short
Aftermath Perps XAGUSD	+0.0223%	1h	65.691	+1.686%	$79K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0226%	4h	65.790	+1.839%	$23.2M	$53.0M	100x	as long as short
Bullet SILVER-USD	+0.0231%	1h	65.776	+1.817%	$45K	$73K	10x	as long as short
Hibachi XAG/USDT-P	+0.0232%	1h	65.680	+1.669%	$21K	$12K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0278% / S −0.0248%	1h	65.705	+1.707%	$93K	—	111x	as long as short
BloFin XAG-USDTshort	+0.0332%	4h	65.730	+1.746%	$2.7M	$782K	100x
Kraken Futures PF_XAGUSD	+0.0547%	1h	65.740	+1.761%	$1.0M	$947K	25x	as long as short