Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%

Price spread now: KuCoin against Injective−1.054%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 KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.126%+$13 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. KuCoin is 1.054% cheaper against Injective than usual: you would sell low and buy high (spread −1.054% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$105 on $10k: about 53 days of funding at the current rate (+$2 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	6m 53s	$11K	$94K	52x
Short	KuCoin XAGUSDTM	65.700	0.0100	get 0.0050% / 4h	2h 06m	$24.7M	$4.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −1.054%Rate

Funding earned: $14
Price spread: −1.054% → 0.000%: −$105.42
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$103.44
Costs to cover: 0.120%
Break-even: 58.7 days

Slippage unknown: Injective: no order-book sample; KuCoin: live order book, 2 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 KuCoin live order book, 2 min ago	1.52 bp	8.0 bp −$8	14.7 bp −$147	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi XAG/USDT-P	−0.0016%	1h	65.620	−1.175%	$20K	$19K	10x	as long as short
Ondo Perps XAG-USD.P	−0.0002%	1h	65.660	−1.114%	$5.6M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.698	−1.058%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.760	−0.964%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.760	−0.964%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.720	−1.024%	$1.5M	$280K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.709	−1.041%	$119K	—	250x	as long as short
RISEx XAG/USDC	+0.0030%	1h	65.751	−0.977%	$1.2M	$4.9M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	65.721	−1.023%	$4.7M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.677	−1.089%	$5.2M	$11.7M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERPlong	+0.0033%	1h	66.400	long leg	$11K	$94K	52x
Gate XAG_USDT	+0.0036%	4h	65.740	−0.994%	$144.6M	$180.9M	100x	as long as short
Phoenix SILVER	+0.0036%	1h	65.648	−1.133%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	65.670	−1.099%	$790K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.172	−0.343%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.716	−1.030%	$3.9M	$711K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.697	−1.059%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.730	−1.009%	$157K	$2.8M	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0054%	1h	65.730	−1.009%	$66K	$368K	20x	as long as short
Paradex XAG-USD-PERP	+0.0063%	8h	65.739	−0.995%	$29K	$1K	5x	as long as short
Kalshi KXSILVERPERP	+0.0076%	24h	65.712	−1.036%	$488K	$29.1M	8.1x	as long as short
tradeXYZ xyz:SILVER	+0.0078%	1h	65.694	−1.063%	$171.2M	$82.2M	25x	as long as short
Aster XAGUSDT	+0.0083%	4h	65.727	−1.013%	$2.7M	$944K	100x	as long as short
Pacifica XAG	+0.0100%	1h	65.702	−1.052%	$469K	$629K	10x	as long as short
KuCoin XAGUSDTMshort	+0.0100%	4h	65.700	−1.054%	$24.7M	$4.8M	75x
ApeX Omni XAGUSDT	+0.0100%	1h	65.580	−1.235%	$112K	$23K	50x	as long as short
Bybit XAGUSDT	+0.0113%	4h	65.740	−0.994%	$28.9M	$39.2M	150x	as long as short
Variational Omni XAG	+0.0127%	4h	65.584	−1.230%	$5.5M	$9.5M	—	as long as short
Lighter XAG	+0.0128%	1h	65.735	−1.002%	$5.4M	$11.4M	25x	as long as short
Aevo XAG-PERP	+0.0128%	1h	65.746	−0.984%	$47K	—	10x	as long as short
Binance XAGUSDT	+0.0133%	4h	65.730	−1.009%	$189.0M	$746.1M	100x	as long as short
MEXC SILVER_USDT	+0.0134%	4h	65.720	−1.024%	$112.8M	$162.0M	1000x	as long as short
edgeX XAGUSDC	+0.0147%	4h	65.560	−1.264%	$667K	$312K	30x	as long as short
Nado XAG-PERP	+0.0150%	1h	65.706	−1.045%	$1.3M	$5.5M	10x	as long as short
Hotstuff SILVER-PERP	+0.0168%	1h	65.708	−1.042%	$35K	$21K	20x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.690	−1.069%	$1.6M	$1.3M	20x	as long as short
Aftermath Perps XAGUSD	+0.0205%	1h	65.567	−1.255%	$79K	$37K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0208%	4h	65.644	−1.138%	$398K	$1.5M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0214%	8h	65.730	−1.009%	$27.9M	$70.3M	50x	as long as short
Bitget XAGUSDT	+0.0214%	4h	65.730	−1.009%	$23.9M	$46.3M	100x	as long as short
Bullet SILVER-USD	+0.0240%	1h	65.756	−0.970%	$44K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0366% / S −0.0361%	1h	65.765	−0.956%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0373%	4h	65.730	−1.009%	$2.6M	$622K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0469%	1h	65.727	−1.014%	$917K	$735K	25x	as long as short