Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.010%

Price spread now: Injective against SunX+0.242%7-day average — · you sell dearer than you buy

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

Long on SunX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Injective is 0.242% dearer against SunX than usual: you sell high and buy low: +$24 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XAG-USDT	66.240	0	get 0.0000% / 4h	1h 26m	$2K	$3.1M	20x
Short	Injective XAG/USDC PERP	66.400	0.0033	get 0.0004% / 1h	26m 19s	$11K	$94K	52x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against SunX. 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 SunXbpFee InjectivebpOrdersPrice spread, now +0.242%Rate

Funding earned: $7
Price spread: +0.242% → 0.000%: $24.15
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $23.13
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SunX: live order book, 11 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 SunX live order book, 11 min ago	29.45 bp	33.5 bp −$33	doesn't fit	doesn't fit	doesn't fit
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
Kraken Futures PF_XAGUSD	−0.0272%	1h	66.207	−0.049%	$767K	$567K	25x	as long as short
Hotstuff SILVER-PERP	−0.0024%	1h	66.191	−0.074%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	66.175	−0.098%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.230	−0.015%	$25.6M	$33.3M	150x	as long as short
RISEx XAG/USDC	0.0000%	1h	66.229	−0.017%	$1.3M	$4.2M	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.220	−0.030%	$146.3M	$172.9M	100x	as long as short
SunX XAG-USDTlong	0.0000%	4h	66.240	long leg	$2K	$3.1M	20x
HTX XAG-USDT	0.0000%	4h	66.270	+0.045%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.250	+0.015%	$1.5M	$248K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.150	−0.136%	$120K	—	250x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX SILVER-USD	+0.0016%	1h	66.220	−0.030%	$152K	$2.8M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	66.211	−0.044%	$4.7M	$9.7M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.151	−0.134%	$5.5M	$12.4M	10x	as long as short
Injective XAG/USDC PERPshort	+0.0033%	1h	66.400	+0.242%	$11K	$94K	52x
StandX XAG-USD	+0.0040%	1h	66.180	−0.091%	$792K	$2.7M	40x	as long as short
Aster XAGUSDT	+0.0040%	4h	66.237	−0.004%	$2.8M	$1.0M	100x	as long as short
Vest SI-PERP	+0.0046%	1h	66.654	+0.625%	—	—	25x	as long as short
Bitget XAGUSDT	+0.0046%	4h	66.230	−0.015%	$23.7M	$47.6M	100x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.180	−0.091%	$164.8M	$88.8M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.192	−0.072%	$3.9M	$694K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.160	−0.121%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.140	−0.151%	$5.7M	$9.9M	25x	as long as short
Variational Omni XAG	+0.0055%	4h	66.207	−0.050%	$5.5M	$10.5M	—	as long as short
Kalshi KXSILVERPERP	+0.0056%	24h	66.209	−0.047%	$583K	$21.3M	8.1x	as long as short
Phoenix SILVER	+0.0073%	1h	66.172	−0.103%	$56K	$26K	25x	as long as short
MEXC SILVER_USDT	+0.0074%	4h	66.210	−0.045%	$118.0M	$181.8M	1000x	as long as short
Binance XAGUSDT	+0.0077%	4h	66.220	−0.030%	$189.9M	$728.2M	100x	as long as short
Aevo XAG-PERP	+0.0080%	1h	66.237	−0.005%	$48K	—	10x	as long as short
edgeX XAGUSDC	+0.0089%	4h	66.236	−0.006%	$672K	$316K	30x	as long as short
BloFin XAG-USDT	+0.0090%	4h	66.240	0.000%	$2.5M	$847K	100x	as long as short
GRVT XAG_USDT_Perp	+0.0092%	4h	66.268	+0.042%	$390K	$1.5M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.169	−0.107%	$473K	$625K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.190	−0.075%	$24.3M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.200	−0.060%	$113K	$26K	50x	as long as short
Hibachi XAG/USDT-P	+0.0104%	1h	66.180	−0.091%	$20K	$22K	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	66.190	−0.075%	$1.9M	$859K	20x	as long as short
Paradex XAG-USD-PERP	+0.0119%	8h	66.206	−0.052%	$30K	$1K	5x	as long as short
Aftermath Perps XAGUSD	+0.0120%	1h	66.217	−0.034%	$80K	$40K	10x	as long as short
Lighter XAG	+0.0136%	1h	66.208	−0.048%	$5.1M	$10.9M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0164%	8h	66.230	−0.015%	$27.3M	$66.3M	50x	as long as short
Nado XAG-PERP	+0.0217%	1h	66.157	−0.126%	$1.3M	$6.5M	10x	as long as short
Bullet SILVER-USD	+0.0266%	1h	66.228	−0.018%	$44K	$74K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0303% / S −0.0300%	1h	66.225	−0.023%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0506%	1h	66.220	−0.030%	$51K	$359K	20x	as long as short