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: Gate against Injective−0.482%7-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 Gate

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

Funding pays, the price is against you. Gate is 0.482% cheaper against Injective than usual: you would sell low and buy high (spread −0.482% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$48 on $10k: about 4 months of funding at the current rate ($0 a day).

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	2m 40s	$11K	$94K	52x
Short	Gate XAG_USDT	66.080	0.0046	get 0.0023% / 4h	3h 02m	$149.9M	$164.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.482%Rate

Funding earned: $2.66
Price spread: −0.482% → 0.000%: −$48.19
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$60.55
Costs to cover: 0.150%
Break-even: 166.3 days

Slippage unknown: Injective: no order-book sample; Gate: live order book, 1 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 Gate live order book, 1 min ago	0.76 bp	8.5 bp −$9	9.7 bp −$97	11.8 bp −$1,177	14.6 bp −$7,321

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	−0.0050%	1h	65.940	−0.693%	$5.7M	$9.2M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.989	−0.620%	$14K	$66	5x	as long as short
SunX XAG-USDT	0.0000%	4h	66.060	−0.512%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.140	−0.392%	$1.1M	$1.0M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.060	−0.512%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.996	−0.608%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.053	−0.523%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.999	−0.604%	$5.2M	$11.5M	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	66.080	−0.482%	$795K	$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	66.482	+0.123%	—	—	25x	as long as short
Gate XAG_USDTshort	+0.0046%	4h	66.080	−0.482%	$149.9M	$164.5M	100x
Polymarket Perps SILVER-USD	+0.0050%	1h	66.029	−0.559%	$3.9M	$676K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.993	−0.613%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0055%	8h	66.047	−0.532%	$30K	$1K	5x	as long as short
QFEX SILVER-USD	+0.0060%	1h	66.040	−0.542%	$114K	$2.7M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0060%	1h	66.023	−0.568%	$166.3M	$73.9M	25x	as long as short
Phoenix SILVER	+0.0073%	1h	65.995	−0.610%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0074%	24h	66.024	−0.566%	$530K	$26.7M	8.1x	as long as short
Hotstuff SILVER-PERP	+0.0080%	1h	66.032	−0.554%	$35K	$21K	20x	as long as short
RISEx XAG/USDC	+0.0080%	1h	66.066	−0.503%	$1.3M	$4.9M	20x	as long as short
Pacifica XAG	+0.0100%	1h	66.000	−0.603%	$469K	$604K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.030	−0.557%	$24.4M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.990	−0.617%	$113K	$30K	50x	as long as short
Bybit XAGUSDT	+0.0104%	4h	66.080	−0.482%	$27.8M	$36.5M	150x	as long as short
Aster XAGUSDT	+0.0119%	4h	66.065	−0.505%	$2.7M	$871K	100x	as long as short
Lighter XAG	+0.0120%	1h	66.055	−0.519%	$5.2M	$10.9M	25x	as long as short
Variational Omni XAG	+0.0164%	4h	66.053	−0.522%	$5.7M	$9.5M	—	as long as short
Aevo XAG-PERP	+0.0168%	1h	66.037	−0.546%	$47K	—	10x	as long as short
MEXC SILVER_USDT	+0.0172%	4h	66.060	−0.512%	$115.2M	$152.9M	1000x	as long as short
Binance XAGUSDT	+0.0172%	4h	66.065	−0.504%	$191.1M	$702.8M	100x	as long as short
edgeX XAGUSDC	+0.0183%	4h	66.054	−0.522%	$670K	$311K	30x	as long as short
Nado XAG-PERP	+0.0187%	1h	66.010	−0.587%	$1.4M	$5.8M	10x	as long as short
Aftermath Perps XAGUSD	+0.0199%	1h	66.027	−0.561%	$79K	$36K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0204%	1h	66.040	−0.542%	$75K	$363K	20x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	65.980	−0.633%	$1.8M	$1.0M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0210%	4h	66.073	−0.492%	$395K	$1.5M	25x	as long as short
BloFin XAG-USDT	+0.0221%	4h	66.040	−0.542%	$2.6M	$570K	100x	as long as short
OKX XAG-USDT-SWAP	+0.0223%	8h	66.070	−0.497%	$27.8M	$64.6M	50x	as long as short
Bitget XAGUSDT	+0.0226%	4h	66.060	−0.512%	$24.0M	$44.9M	100x	as long as short
Bullet SILVER-USD	+0.0237%	1h	66.063	−0.508%	$44K	$75K	10x	as long as short
Hibachi XAG/USDT-P	+0.0304%	1h	66.042	−0.540%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0388% / S −0.0440%	1h	66.065	−0.505%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0624%	1h	66.029	−0.559%	$911K	$685K	25x	as long as short