Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0037%/8h= −4.0% APRpaid last 24h −0.024%

Price spread now: Injective against MEXC−0.505%70s7-day average — · you buy dearer than you sell

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

Long on MEXC Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.058%−$6 on $10k

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Injective is 0.505% cheaper against MEXC than usual: you would sell low and buy high (−$51 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SILVER_USDT	64.930	0.0070	pay 0.0035% / 4h	3h 22m	$123.1M	$160.0M	1000x
Short	Injective XAG/USDC PERP	64.602	0.0033	get 0.0004% / 1h	22m 02s	$11K	$240	52x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against MEXC. 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 MEXCbpFee InjectivebpOrdersPrice spread, now −0.505%Rate

Funding earned: −$7.7
Price spread: −0.505% → 0.000%: −$50.52
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$58.24
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 2 min ago; Injective: no order-book sample. 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 MEXC live order book, 2 min ago	0.77 bp	0.8 bp −$1	0.8 bp −$8	0.8 bp −$77	3.0 bp −$1,513
Sell Injective no order-book sample	—	—	—	—	—

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
dYdX XAG-USD	0.0000%	1h	64.859	−0.110%	$12K	$6K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	64.930	0.000%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	64.980	+0.077%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	64.960	+0.046%	$1.5M	$346K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	64.861	−0.106%	$117K	—	250x	as long as short
Variational Omni XAG	+0.0021%	4h	64.652	−0.428%	$5.4M	$9.1M	—	as long as short
Gate XAG_USDT	+0.0030%	4h	64.970	+0.062%	$139.0M	$187.5M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	64.935	+0.007%	$4.6M	$9.9M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	64.862	−0.105%	$5.0M	$12.0M	10x	as long as short
Injective XAG/USDC PERPshort	+0.0033%	1h	64.602	−0.505%	$11K	$240	52x

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	64.770	−0.246%	$779K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.316	+0.594%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0047%	1h	64.910	−0.031%	$446K	$1.5M	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	64.869	−0.094%	$3.8M	$890K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	64.838	−0.142%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	64.790	−0.216%	$5.6M	$10.0M	25x	as long as short
edgeX XAGUSDC	+0.0062%	4h	64.689	−0.371%	$659K	$313K	30x	as long as short
MEXC SILVER_USDTlong	+0.0070%	4h	64.930	long leg	$123.1M	$160.0M	1000x
Paradex XAG-USD-PERP	+0.0073%	8h	64.944	+0.021%	$29K	$166	5x	as long as short
Binance XAGUSDT	+0.0078%	4h	64.940	+0.015%	$198.0M	$787.3M	100x	as long as short
Aevo XAG-PERP	+0.0080%	1h	64.891	−0.061%	$47K	—	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0080%	1h	64.840	−0.139%	$1.6M	$1.5M	20x	as long as short
Kalshi KXSILVERPERP	+0.0086%	24h	64.895	−0.054%	$488K	$35.1M	8.1x	as long as short
Aster XAGUSDT	+0.0092%	4h	64.904	−0.040%	$2.6M	$1.0M	100x	as long as short
Pacifica XAG	+0.0100%	1h	64.892	−0.059%	$463K	$591K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	64.880	−0.077%	$25.0M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	64.730	−0.308%	$111K	$19K	50x	as long as short
Phoenix SILVER	+0.0111%	1h	64.615	−0.485%	$55K	$31K	25x	as long as short
Hotstuff SILVER-PERP	+0.0112%	1h	64.800	−0.200%	$34K	$21K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0136%	1h	64.924	−0.009%	$173.0M	$88.6M	25x	as long as short
RISEx XAG/USDC	+0.0158%	1h	64.929	−0.002%	$1.2M	$4.9M	20x	as long as short
Nado XAG-PERP	+0.0164%	1h	64.899	−0.047%	$1.2M	$4.2M	10x	as long as short
GRVT XAG_USDT_Perp	+0.0204%	4h	64.730	−0.308%	$385K	$1.6M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0206%	8h	64.960	+0.046%	$29.0M	$75.8M	50x	as long as short
Bitget XAGUSDT	+0.0212%	4h	64.940	+0.015%	$22.8M	$48.0M	100x	as long as short
Aftermath Perps XAGUSD	+0.0219%	1h	64.772	−0.244%	$78K	$37K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0237% / S −0.0196%	1h	64.825	−0.162%	$92K	—	111x	as long as short
Lighter XAG	+0.0240%	1h	64.931	+0.001%	$5.2M	$11.3M	25x	as long as short
BloFin XAG-USDT	+0.0283%	4h	64.780	−0.231%	$2.7M	$695K	100x	as long as short
Bullet SILVER-USD	+0.0309%	1h	64.951	+0.032%	$45K	$75K	10x	as long as short
Bybit XAGUSDT	+0.0340%	4h	64.960	+0.046%	$30.1M	$43.7M	150x	as long as short
Hibachi XAG/USDT-P	+0.0360%	1h	64.740	−0.293%	$20K	$15K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0367%	1h	64.920	−0.015%	$76K	$434K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0419%	1h	64.927	−0.004%	$1.0M	$894K	25x	as long as short