Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.010%

Price spread now: Injective against HTX−0.165%65s7-day average — · you buy dearer than you sell

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

Long on HTX 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

Funding pays, the price is against you. Injective is 0.165% cheaper against HTX than usual: you would sell low and buy high (spread −0.165% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 17 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.003% in total) that is about 13 months. The two prices were read 65 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	HTX XAG-USDT	66.510	0	get 0.0000% / 4h	3h 24m	$1.1M	$1.1M	75x
Short	Injective XAG/USDC PERP	66.400	0.0033	get 0.0004% / 1h	24m 16s	$11K	$94K	52x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against HTX. 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 HTXbpFee InjectivebpOrdersPrice spread, now −0.165%Rate

Funding earned: $7
Price spread: −0.165% → 0.000%: −$16.54
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$21.56
Costs to cover: 0.120%
Break-even: 28.6 days

Slippage unknown: HTX: live order book, 4 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 HTX live order book, 4 min ago	2.25 bp	8.3 bp −$8	8.3 bp −$83	11.2 bp −$1,117	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
dYdX XAG-USD	0.0000%	1h	66.490	−0.030%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.460	−0.075%	$25.6M	$35.6M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.500	−0.015%	$154.9M	$168.1M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.480	−0.045%	$2K	$3.0M	20x	as long as short
HTX XAG-USDTlong	0.0000%	4h	66.510	long leg	$1.1M	$1.1M	75x
Phemex XAGUSDT	0.0000%	4h	66.510	0.000%	$1.5M	$252K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.424	−0.129%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.447	−0.095%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.424	−0.129%	$5.4M	$12.4M	10x	as long as short
Injective XAG/USDC PERPshort	+0.0033%	1h	66.400	−0.165%	$11K	$94K	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	66.520	+0.015%	$800K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.936	+0.641%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.473	−0.056%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.455	−0.083%	$3.9M	$700K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.404	−0.159%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.390	−0.180%	$5.7M	$9.6M	25x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.480	−0.045%	$115K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0051%	1h	66.447	−0.095%	$165.3M	$84.8M	25x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.443	−0.101%	$561K	$21.5M	8.1x	as long as short
Hotstuff SILVER-PERP	+0.0064%	1h	66.483	−0.041%	$35K	$21K	20x	as long as short
BloFin XAG-USDT	+0.0081%	4h	66.550	+0.060%	$2.6M	$706K	100x	as long as short
Aster XAGUSDT	+0.0086%	4h	66.470	−0.060%	$2.8M	$1.1M	100x	as long as short
Variational Omni XAG	+0.0089%	4h	66.514	+0.006%	$5.6M	$9.9M	—	as long as short
Paradex XAG-USD-PERP	+0.0098%	8h	66.503	−0.011%	$30K	$1K	5x	as long as short
Pacifica XAG	+0.0100%	1h	66.457	−0.080%	$474K	$623K	10x	as long as short
MEXC SILVER_USDT	+0.0100%	4h	66.460	−0.075%	$108.6M	$160.3M	1000x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.450	−0.090%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.480	−0.045%	$126K	$24K	50x	as long as short
Binance XAGUSDT	+0.0102%	4h	66.460	−0.075%	$192.4M	$722.1M	100x	as long as short
Aevo XAG-PERP	+0.0104%	1h	66.469	−0.061%	$48K	—	10x	as long as short
edgeX XAGUSDC	+0.0111%	4h	66.544	+0.051%	$675K	$313K	30x	as long as short
Lighter XAG	+0.0120%	1h	66.457	−0.080%	$5.4M	$10.5M	25x	as long as short
GRVT XAG_USDT_Perp	+0.0130%	4h	66.535	+0.037%	$391K	$1.5M	25x	as long as short
RISEx XAG/USDC	+0.0148%	1h	66.517	+0.010%	$1.3M	$4.2M	20x	as long as short
Nado XAG-PERP	+0.0168%	1h	66.438	−0.109%	$1.3M	$6.5M	10x	as long as short
Bitget XAGUSDT	+0.0174%	4h	66.450	−0.090%	$24.5M	$47.9M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.580	+0.105%	$1.9M	$929K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0191%	8h	66.460	−0.075%	$27.9M	$67.2M	50x	as long as short
Aftermath Perps XAGUSD	+0.0198%	1h	66.483	−0.041%	$80K	$39K	10x	as long as short
Hibachi XAG/USDT-P	+0.0224%	1h	66.480	−0.045%	$20K	$22K	10x	as long as short
Bullet SILVER-USD	+0.0225%	1h	66.499	−0.017%	$45K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.485	−0.038%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0352%	1h	66.470	−0.060%	$50K	$336K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0489%	1h	66.451	−0.088%	$764K	$565K	25x	as long as short