Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0057%/8h= +6.2% APRpaid last 24h +0.019%

Price spread now: MEXC against Injective−0.030%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 MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.060%+$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. MEXC is 0.030% cheaper against Injective than usual: you would sell low and buy high (spread −0.030% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 43 hours 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 48s	$11K	$94K	52x
Short	MEXC SILVER_USDT	66.380	0.0090	get 0.0045% / 4h	1h 06m	$123.4M	$182.6M	1000x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.030%Rate

Funding earned: $11.9
Price spread: −0.030% → 0.000%: −$3.01
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee MEXC: 0 bp × 2 orders: $0
Net: $8.87
Costs to cover: 0.000%
Break-even: 1.8 days

Slippage unknown: Injective: no order-book sample; MEXC: live order book, 7 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 MEXC live order book, 7 min ago	0.75 bp	0.8 bp −$1	0.8 bp −$8	1.2 bp −$119	3.3 bp −$1,674

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
Kraken Futures PF_XAGUSD	−0.0271%	1h	66.345	−0.082%	$768K	$569K	25x	as long as short
dYdX XAG-USD	0.0000%	1h	66.297	−0.155%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.400	0.000%	$25.7M	$33.5M	150x	as long as short
RISEx XAG/USDC	0.0000%	1h	66.382	−0.027%	$1.3M	$4.2M	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.390	−0.015%	$146.5M	$173.9M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.390	−0.015%	$2K	$3.1M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.380	−0.030%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.390	−0.015%	$1.5M	$249K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.311	−0.134%	$120K	—	250x	as long as short
QFEX SILVER-USD	+0.0016%	1h	66.370	−0.045%	$124K	$2.8M	20x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XAG	+0.0032%	1h	66.366	−0.052%	$4.8M	$9.8M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.315	−0.128%	$5.5M	$12.4M	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	66.340	−0.090%	$794K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.815	+0.625%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.346	−0.081%	$3.9M	$699K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.312	−0.133%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.290	−0.166%	$5.7M	$10.0M	25x	as long as short
tradeXYZ xyz:SILVER	+0.0054%	1h	66.340	−0.090%	$165.3M	$88.2M	25x	as long as short
Kalshi KXSILVERPERP	+0.0058%	24h	66.339	−0.092%	$588K	$21.4M	8.1x	as long as short
Hotstuff SILVER-PERP	+0.0064%	1h	66.338	−0.093%	$35K	$21K	20x	as long as short
BloFin XAG-USDT	+0.0072%	4h	66.340	−0.090%	$2.5M	$848K	100x	as long as short
Phoenix SILVER	+0.0073%	1h	66.292	−0.163%	$56K	$26K	25x	as long as short
Variational Omni XAG	+0.0073%	4h	66.326	−0.111%	$5.5M	$10.5M	—	as long as short
Aster XAGUSDT	+0.0079%	4h	66.370	−0.045%	$2.8M	$1.0M	100x	as long as short
Bitget XAGUSDT	+0.0080%	4h	66.400	0.000%	$24.0M	$47.9M	100x	as long as short
MEXC SILVER_USDTshort	+0.0090%	4h	66.380	−0.030%	$123.4M	$182.6M	1000x
Binance XAGUSDT	+0.0093%	4h	66.394	−0.009%	$190.5M	$729.0M	100x	as long as short
Aevo XAG-PERP	+0.0096%	1h	66.376	−0.036%	$48K	—	10x	as long as short
Pacifica XAG	+0.0100%	1h	66.326	−0.111%	$474K	$625K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.350	−0.075%	$24.4M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.310	−0.136%	$113K	$19K	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	66.220	−0.271%	$1.9M	$861K	20x	as long as short
edgeX XAGUSDC	+0.0105%	4h	66.317	−0.125%	$673K	$314K	30x	as long as short
Paradex XAG-USD-PERP	+0.0117%	8h	66.361	−0.058%	$30K	$1K	5x	as long as short
Aftermath Perps XAGUSD	+0.0131%	1h	66.299	−0.151%	$80K	$40K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0134%	4h	66.378	−0.033%	$402K	$1.4M	25x	as long as short
Lighter XAG	+0.0136%	1h	66.371	−0.044%	$5.2M	$11.0M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0181%	8h	66.400	0.000%	$27.4M	$66.6M	50x	as long as short
Hibachi XAG/USDT-P	+0.0200%	1h	66.330	−0.105%	$20K	$22K	10x	as long as short
Nado XAG-PERP	+0.0218%	1h	66.328	−0.109%	$1.3M	$6.5M	10x	as long as short
Bullet SILVER-USD	+0.0269%	1h	66.394	−0.010%	$46K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0303% / S −0.0300%	1h	66.385	−0.023%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0353%	1h	66.360	−0.060%	$51K	$359K	20x	as long as short