Settings8H · net · $10k
Funding arb · Price arb /

XAG

RWAall XAG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0069%/8h= +7.5% APRpaid last 24h +0.019%
Price spread now: GRVT against Injective−0.255%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.097%+$10 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropGRVT: Active · farm boardneeds both histories
Funding pays, the price is against you. GRVT is 0.255% cheaper against Injective than usual: you would sell low and buy high (spread −0.255% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$25 on $10k: about 12 days of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective XAG/USDC PERP66.4000.0033pay 0.0004% / 1h20m 17s$11K$94K52x
ShortGRVT XAG_USDT_Perp66.2310.0102get 0.0051% / 4h1h 20m$390K$1.5M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT 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

Funding earned
$14.42
Price spread: −0.255% → 0.000%
−$25.46
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$20.06
Costs to cover
0.090%
Break-even
16.7 days
Slippage unknown: Injective: no order-book sample; GRVT: 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
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample
Sell GRVT live order book, 3 min ago0.75 bp6.5 bp −$79.6 bp −$9646.0 bp −$4,597doesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_XAGUSD−0.0272%1h66.203−0.296%$766K$569K25xas long as short
dYdX XAG-USD0.0000%1h66.175−0.339%$15K5xas long as short
Bybit XAGUSDT0.0000%4h66.240−0.241%$25.6M$33.3M150xas long as short
RISEx XAG/USDC0.0000%1h66.241−0.240%$1.3M$4.2M20xas long as short
Gate XAG_USDT0.0000%4h66.230−0.256%$146.3M$173.0M100xas long as short
SunX XAG-USDT0.0000%4h66.250−0.226%$2K$3.1M20xas long as short
HTX XAG-USDT0.0000%4h66.260−0.211%$1.0M$1.1M75xas long as short
Phemex XAGUSDT0.0000%4h66.250−0.226%$1.5M$248K100xas long as short
gTrade (Gains Network) XAG/USDL +0.0004% / S −0.0006%1h66.169−0.347%$120K250xas long as short
QFEX SILVER-USD+0.0016%1h66.220−0.271%$144K$2.8M20xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XAG+0.0032%1h66.219−0.272%$4.7M$9.8M25xas long as short
Extended XAG-USD+0.0032%1h66.167−0.351%$5.5M$12.4M10xas long as short
Injective XAG/USDC PERPlong+0.0033%1h66.400long leg$11K$94K52x
StandX XAG-USD+0.0040%1h66.180−0.331%$792K$2.7M40xas long as short
Vest SI-PERP+0.0046%1h66.675+0.414%25xas long as short
tradeXYZ xyz:SILVER+0.0050%1h66.198−0.304%$164.9M$88.3M25xas long as short
Polymarket Perps SILVER-USD+0.0050%1h66.203−0.297%$3.9M$694K20xas long as short
SoDEX SILVER-USD+0.0050%1h66.165−0.354%$4K$5K20xas long as short
Ondo Perps XAG-USD.P+0.0050%1h66.130−0.407%$5.7M$9.9M25xas long as short
Aster XAGUSDT+0.0051%4h66.243−0.237%$2.8M$1.0M100xas long as short
Kalshi KXSILVERPERP+0.0057%24h66.185−0.324%$583K$21.3M8.1xas long as short
Bitget XAGUSDT+0.0058%4h66.240−0.241%$23.8M$47.7M100xas long as short
Variational Omni XAG+0.0064%4h66.237−0.246%$5.5M$10.5Mas long as short
Hotstuff SILVER-PERP+0.0064%1h66.197−0.306%$35K$21K20xas long as short
Phoenix SILVER+0.0073%1h66.167−0.351%$56K$26K25xas long as short
BloFin XAG-USDT+0.0075%4h66.250−0.226%$2.6M$847K100xas long as short
edgeX XAGUSDC+0.0077%4h66.226−0.262%$672K$314K30xas long as short
MEXC SILVER_USDT+0.0078%4h66.230−0.256%$118.1M$181.8M1000xas long as short
Binance XAGUSDT+0.0079%4h66.231−0.255%$189.7M$727.8M100xas long as short
Aevo XAG-PERP+0.0088%1h66.229−0.258%$48K10xas long as short
Pacifica XAG+0.0100%1h66.179−0.333%$473K$625K10xas long as short
KuCoin XAGUSDTM+0.0100%4h66.210−0.286%$24.3M$4.5M75xas long as short
ApeX Omni XAGUSDT+0.0100%1h66.170−0.346%$113K$26K50xas long as short
GRVT XAG_USDT_Perpshort+0.0102%4h66.231−0.255%$390K$1.5M25x
Coinbase International SILVER-PERP-INTX+0.0104%1h66.190−0.316%$1.9M$859K20xas long as short
Paradex XAG-USD-PERP+0.0117%8h66.223−0.266%$30K$1K5xas long as short
Aftermath Perps XAGUSD+0.0125%1h66.192−0.313%$80K$40K10xas long as short
Lighter XAG+0.0136%1h66.218−0.274%$5.1M$11.0M25xas long as short
Hibachi XAG/USDT-P+0.0136%1h66.196−0.307%$20K$22K10xas long as short
OKX XAG-USDT-SWAP+0.0168%8h66.250−0.226%$27.3M$66.3M50xas long as short
Nado XAG-PERP+0.0220%1h66.184−0.325%$1.3M$6.5M10xas long as short
Bullet SILVER-USD+0.0266%1h66.234−0.250%$44K$74K10xas long as short
GMX SILVER/USD [ETH-USDC]L +0.0302% / S −0.0300%1h66.235−0.248%$103K111xas long as short
Deribit SILVER_USDC-PERPETUAL+0.0354%1h66.220−0.271%$51K$359K20xas long as short