Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0022%/8h= +2.4% APRpaid last 24h +0.012%

Price spread now: Paradex against Injective−0.552%99s7-day average — · you buy dearer than you sell

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

Long on Injective Short on Paradex

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 airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.552% cheaper against Injective than usual: you would sell low and buy high (spread −0.552% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$55 on $10k: about 3 months of funding at the current rate (+$1 a day). The two prices were read 99 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	Injective XAG/USDC PERP	66.400	0.0033	pay 0.0004% / 1h	3m 28s	$11K	$94K	52x
Short	Paradex XAG-USD-PERP	66.034	0.0055	get 0.0055% / 8h	3h 03m	$30K	$1K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Injective. 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 InjectivebpFee ParadexbpOrdersPrice spread, now −0.552%Rate

Funding earned: $4.63
Price spread: −0.552% → 0.000%: −$55.19
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$54.58
Costs to cover: 0.040%
Break-even: 89.5 days

Slippage unknown: Injective: no order-book sample; Paradex: 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 Injective no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Injective and Paradex: 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	−0.0050%	1h	65.930	−0.708%	$5.7M	$9.2M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.989	−0.620%	$14K	$66	5x	as long as short
SunX XAG-USDT	0.0000%	4h	66.080	−0.482%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.100	−0.452%	$1.1M	$1.0M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.080	−0.482%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.010	−0.587%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.036	−0.548%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.983	−0.628%	$5.2M	$11.5M	10x	as long as short
Injective XAG/USDC PERPlong	+0.0033%	1h	66.400	long leg	$11K	$94K	52x
Hotstuff SILVER-PERP	+0.0040%	1h	66.041	−0.541%	$35K	$21K	20x	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	66.080	−0.482%	$795K	$3.0M	40x	as long as short
Gate XAG_USDT	+0.0044%	4h	66.060	−0.512%	$149.8M	$164.5M	100x	as long as short
Vest SI-PERP	+0.0046%	1h	66.482	+0.123%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.029	−0.559%	$3.9M	$676K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.009	−0.589%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERPshort	+0.0055%	8h	66.034	−0.552%	$30K	$1K	5x
QFEX SILVER-USD	+0.0060%	1h	66.030	−0.557%	$114K	$2.7M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0060%	1h	66.021	−0.571%	$166.3M	$73.9M	25x	as long as short
Phoenix SILVER	+0.0073%	1h	65.995	−0.610%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0074%	24h	66.036	−0.548%	$530K	$26.7M	8.1x	as long as short
RISEx XAG/USDC	+0.0080%	1h	66.052	−0.524%	$1.3M	$4.9M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.984	−0.627%	$469K	$604K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.020	−0.572%	$24.4M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.990	−0.617%	$113K	$30K	50x	as long as short
Bybit XAGUSDT	+0.0109%	4h	66.080	−0.482%	$27.8M	$36.5M	150x	as long as short
Aster XAGUSDT	+0.0120%	4h	66.063	−0.508%	$2.7M	$871K	100x	as long as short
Lighter XAG	+0.0120%	1h	66.036	−0.548%	$5.2M	$10.9M	25x	as long as short
Variational Omni XAG	+0.0164%	4h	66.053	−0.522%	$5.7M	$9.5M	—	as long as short
Aevo XAG-PERP	+0.0168%	1h	66.063	−0.508%	$47K	—	10x	as long as short
Binance XAGUSDT	+0.0174%	4h	66.056	−0.517%	$191.1M	$703.2M	100x	as long as short
MEXC SILVER_USDT	+0.0174%	4h	66.030	−0.557%	$115.0M	$152.9M	1000x	as long as short
edgeX XAGUSDC	+0.0183%	4h	66.054	−0.522%	$670K	$311K	30x	as long as short
Nado XAG-PERP	+0.0187%	1h	66.010	−0.587%	$1.4M	$5.8M	10x	as long as short
BloFin XAG-USDT	+0.0196%	4h	66.060	−0.512%	$2.6M	$570K	100x	as long as short
Aftermath Perps XAGUSD	+0.0198%	1h	66.022	−0.569%	$79K	$36K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0204%	1h	66.050	−0.527%	$75K	$363K	20x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	65.980	−0.633%	$1.8M	$1.0M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0210%	4h	66.073	−0.492%	$395K	$1.5M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0223%	8h	66.060	−0.512%	$27.8M	$64.6M	50x	as long as short
Bitget XAGUSDT	+0.0226%	4h	66.060	−0.512%	$24.0M	$44.9M	100x	as long as short
Bullet SILVER-USD	+0.0237%	1h	66.080	−0.482%	$44K	$75K	10x	as long as short
Hibachi XAG/USDT-P	+0.0304%	1h	66.042	−0.540%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0387% / S −0.0440%	1h	66.075	−0.489%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0623%	1h	66.045	−0.535%	$911K	$685K	25x	as long as short