Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0170%/8h= −18.6% APRpaid last 24h −0.022%

Price spread now: Injective against Variational Omni+0.647%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Injective is 0.647% dearer against Variational Omni than usual: you sell high and buy low (spread +0.647% now, against zero (this spread has no 7-day history yet)): +$65 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 13 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XAG	65.973	0.0203	pay 0.0102% / 4h	3h 53m	$5.6M	$9.5M	—
Short	Injective XAG/USDC PERP	66.400	0.0033	get 0.0004% / 1h	53m 15s	$11K	$94K	52x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Variational Omni. 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 Variational OmnibpFee InjectivebpOrdersPrice spread, now +0.647%Rate

Funding earned: −$35.63
Price spread: +0.647% → 0.000%: $64.65
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $29
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 1 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 Variational Omni RFQ quote, 1 min ago	2.57 bp	doesn't fit	2.9 bp −$29	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
Ondo Perps XAG-USD.P	−0.0063%	1h	65.840	−0.202%	$5.7M	$9.3M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.876	−0.148%	$14K	—	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.980	+0.010%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.020	+0.071%	$1.0M	$968K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.000	+0.040%	$1.5M	$319K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.919	−0.082%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.966	−0.011%	$4.8M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.916	−0.087%	$5.2M	$11.5M	10x	as long as short
Injective XAG/USDC PERPshort	+0.0033%	1h	66.400	+0.647%	$11K	$94K	52x
Bybit XAGUSDT	+0.0038%	4h	66.010	+0.055%	$27.3M	$36.3M	150x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	65.960	−0.020%	$793K	$3.1M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.399	+0.645%	—	—	25x	as long as short
Gate XAG_USDT	+0.0048%	4h	65.990	+0.025%	$149.6M	$163.0M	100x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.940	−0.051%	$165.9M	$73.5M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.940	−0.051%	$3.9M	$674K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.916	−0.087%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0060%	1h	65.950	−0.036%	$114K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0072%	24h	65.930	−0.066%	$536K	$25.8M	8.1x	as long as short
Phoenix SILVER	+0.0073%	1h	65.968	−0.008%	$56K	$26K	25x	as long as short
RISEx XAG/USDC	+0.0080%	1h	65.960	−0.021%	$1.3M	$4.9M	20x	as long as short
Hotstuff SILVER-PERP	+0.0096%	1h	65.930	−0.066%	$35K	$21K	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.901	−0.110%	$469K	$615K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.950	−0.036%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.930	−0.066%	$113K	$30K	50x	as long as short
GRVT XAG_USDT_Perp	+0.0116%	4h	65.980	+0.010%	$393K	$1.5M	25x	as long as short
Lighter XAG	+0.0120%	1h	65.972	−0.002%	$5.2M	$10.6M	25x	as long as short
Paradex XAG-USD-PERP	+0.0134%	8h	65.948	−0.038%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0145%	4h	65.970	−0.005%	$2.7M	$863K	100x	as long as short
Nado XAG-PERP	+0.0151%	1h	65.914	−0.090%	$1.4M	$6.1M	10x	as long as short
Aevo XAG-PERP	+0.0192%	1h	65.973	−0.001%	$47K	—	10x	as long as short
BloFin XAG-USDT	+0.0194%	4h	65.980	+0.010%	$2.6M	$554K	100x	as long as short
Variational Omni XAGlong	+0.0203%	4h	65.973	long leg	$5.6M	$9.5M	—
Deribit SILVER_USDC-PERPETUAL	+0.0205%	1h	65.960	−0.020%	$75K	$363K	20x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	65.950	−0.036%	$1.8M	$1.0M	20x	as long as short
Binance XAGUSDT	+0.0210%	4h	65.982	+0.012%	$191.1M	$703.0M	100x	as long as short
MEXC SILVER_USDT	+0.0210%	4h	65.980	+0.010%	$113.0M	$151.6M	1000x	as long as short
Bullet SILVER-USD	+0.0213%	1h	65.982	+0.013%	$45K	$75K	10x	as long as short
Aftermath Perps XAGUSD	+0.0222%	1h	65.938	−0.054%	$79K	$36K	10x	as long as short
edgeX XAGUSDC	+0.0233%	4h	65.953	−0.031%	$669K	$311K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0234%	8h	65.980	+0.010%	$27.6M	$64.7M	50x	as long as short
Bitget XAGUSDT	+0.0250%	4h	65.980	+0.010%	$23.9M	$45.6M	100x	as long as short
Hibachi XAG/USDT-P	+0.0368%	1h	65.920	−0.081%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0383% / S −0.0424%	1h	65.985	+0.017%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0624%	1h	65.944	−0.045%	$910K	$683K	25x	as long as short