Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0591%/8h= −64.7% APRpaid last 24h −0.033%

Price spread now: Injective against BloFin−1.326%7-day average — · you buy dearer than you sell

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

Long on BloFin Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.118%+$12 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 −$18 a day on $10k at the current rate, and Injective is 1.326% cheaper against BloFin than usual: you would sell low and buy high (−$133 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.118%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.118% in total (about 6.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XAG-USDT	65.470	0.0371	pay 0.0186% / 4h	2h 10m	$2.7M	$759K	100x
Short	Injective XAG/USDC PERP	64.602	−0.0220	pay 0.0028% / 1h	10m 51s	$11K	$240	52x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against BloFin. 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 BloFinbpFee InjectivebpOrdersPrice spread, now −1.326%Rate

Funding earned: −$124.14
Price spread: −1.326% → 0.000%: −$132.58
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$268.74
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 5 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 BloFin live order book, 5 min ago	1.53 bp	7.5 bp −$8	7.5 bp −$75	9.4 bp −$943	20.1 bp −$10.1K
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 exchanges

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
Injective XAG/USDC PERPshort	−0.0220%	1h	64.602	−1.326%	$11K	$240	52x
Ondo Perps XAG-USD.P	−0.0006%	1h	65.350	−0.183%	$5.7M	$10.5M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.390	−0.122%	$12K	$6K	5x	as long as short
Gate XAG_USDT	0.0000%	4h	65.430	−0.061%	$139.2M	$200.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.460	−0.015%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.500	+0.046%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.460	−0.015%	$1.5M	$252K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.390	−0.122%	$118K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.442	−0.043%	$4.5M	$9.7M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.383	−0.132%	$5.1M	$11.6M	10x	as long as short

Show all 44 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff SILVER-PERP	+0.0040%	1h	65.440	−0.046%	$36K	$23K	20x	as long as short
StandX XAG-USD	+0.0040%	1h	65.350	−0.183%	$786K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.890	+0.642%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.443	−0.041%	$3.8M	$892K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.385	−0.130%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0058%	8h	65.457	−0.019%	$29K	$166	5x	as long as short
QFEX SILVER-USD	+0.0062%	1h	65.450	−0.031%	$444K	$1.4M	20x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0088%	1h	65.330	−0.214%	$1.6M	$1.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0097%	24h	65.468	−0.003%	$623K	$37.5M	8.1x	as long as short
Variational Omni XAG	+0.0100%	4h	65.381	−0.136%	$5.7M	$9.2M	—	as long as short
Pacifica XAG	+0.0100%	1h	65.411	−0.090%	$466K	$574K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.420	−0.076%	$25.2M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.370	−0.153%	$112K	$19K	50x	as long as short
Phoenix SILVER	+0.0110%	1h	65.386	−0.128%	$55K	$13K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0121%	1h	65.410	−0.092%	$174.2M	$93.1M	25x	as long as short
Aevo XAG-PERP	+0.0128%	1h	65.446	−0.037%	$47K	—	10x	as long as short
MEXC SILVER_USDT	+0.0130%	4h	65.440	−0.046%	$120.3M	$167.2M	1000x	as long as short
Binance XAGUSDT	+0.0131%	4h	65.420	−0.076%	$192.9M	$836.3M	100x	as long as short
Aster XAGUSDT	+0.0136%	4h	65.430	−0.061%	$2.7M	$1.1M	100x	as long as short
edgeX XAGUSDC	+0.0140%	4h	65.373	−0.148%	$666K	$315K	30x	as long as short
Nado XAG-PERP	+0.0177%	1h	65.429	−0.063%	$1.2M	$3.8M	10x	as long as short
GRVT XAG_USDT_Perp	+0.0186%	4h	65.434	−0.055%	$395K	$1.6M	25x	as long as short
Lighter XAG	+0.0192%	1h	65.436	−0.052%	$5.1M	$11.7M	25x	as long as short
Bybit XAGUSDT	+0.0205%	4h	65.430	−0.061%	$30.4M	$46.8M	150x	as long as short
RISEx XAG/USDC	+0.0206%	1h	65.488	+0.027%	$1.2M	$4.9M	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.420	−0.076%	$77K	$411K	20x	as long as short
Aftermath Perps XAGUSD	+0.0212%	1h	65.377	−0.142%	$79K	$37K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0214%	8h	65.420	−0.076%	$28.0M	$82.6M	50x	as long as short
Bitget XAGUSDT	+0.0248%	4h	65.410	−0.092%	$23.1M	$50.4M	100x	as long as short
Hibachi XAG/USDT-P	+0.0256%	1h	65.360	−0.168%	$21K	$12K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0264% / S −0.0231%	1h	65.455	−0.023%	$93K	—	111x	as long as short
Bullet SILVER-USD	+0.0276%	1h	65.469	−0.002%	$44K	$74K	10x	as long as short
BloFin XAG-USDTlong	+0.0371%	4h	65.470	long leg	$2.7M	$759K	100x
Kraken Futures PF_XAGUSD	+0.0774%	1h	65.437	−0.050%	$1.0M	$937K	25x	as long as short