Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0033%/8hpaid last 24h −0.010%

Price spread now: SunX against Injective−0.256%7-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 SunX

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 against this trade now: funding costs −$1 a day on $10k at the current rate, and SunX is 0.256% cheaper against Injective than usual: you would sell low and buy high (−$26 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

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	16m 28s	$11K	$94K	52x
Short	SunX XAG-USDT	66.230	0	get 0.0000% / 4h	16m 28s	$2K	$3.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.256%Rate

Funding earned: −$7
Price spread: −0.256% → 0.000%: −$25.6
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee SunX: 4 bp × 2 orders: −$8
Net: −$40.62
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; SunX: live order book, 6 min ago. 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 SunX live order book, 6 min ago	29.44 bp	33.4 bp −$33	63.2 bp −$632	doesn't fit	doesn't fit

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	−0.0077%	1h	66.080	−0.482%	$6.2M	$8.8M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	66.162	−0.359%	$15K	$997	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.200	−0.301%	$133.3M	$192.6M	100x	as long as short
SunX XAG-USDTshort	0.0000%	4h	66.230	−0.256%	$2K	$3.5M	20x
HTX XAG-USDT	0.0000%	4h	66.250	−0.226%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.220	−0.271%	$1.5M	$258K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.162	−0.359%	$120K	—	250x	as long as short
Hotstuff SILVER-PERP	+0.0008%	1h	66.183	−0.327%	$35K	$21K	20x	as long as short
Lighter RH XAG	+0.0032%	1h	66.203	−0.297%	$4.7M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.151	−0.375%	$5.4M	$14.8M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERPlong	+0.0033%	1h	66.400	long leg	$11K	$94K	52x
Phoenix SILVER	+0.0036%	1h	66.227	−0.261%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	66.170	−0.346%	$700K	$2.7M	40x	as long as short
Kalshi KXSILVERPERP	+0.0040%	24h	66.199	−0.303%	$678K	$21.6M	8.1x	as long as short
Vest SI-PERP	+0.0046%	1h	66.657	+0.387%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.180	−0.331%	$161.8M	$95.0M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.162	−0.358%	$3.9M	$740K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.162	−0.358%	$4K	$5K	20x	as long as short
QFEX SILVER-USD	+0.0052%	1h	66.210	−0.286%	$133K	$2.8M	20x	as long as short
Paradex XAG-USD-PERP	+0.0075%	8h	66.191	−0.315%	$30K	$1K	5x	as long as short
BloFin XAG-USDT	+0.0078%	4h	66.230	−0.256%	$2.6M	$1.4M	100x	as long as short
Aster XAGUSDT	+0.0092%	4h	66.204	−0.296%	$2.8M	$1.2M	100x	as long as short
Pacifica XAG	+0.0100%	1h	66.155	−0.369%	$473K	$701K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.160	−0.361%	$24.1M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.230	−0.256%	$113K	$88K	50x	as long as short
Lighter XAG	+0.0104%	1h	66.194	−0.310%	$5.4M	$10.8M	25x	as long as short
Variational Omni XAG	+0.0118%	4h	66.257	−0.215%	$5.6M	$12.6M	—	as long as short
MEXC SILVER_USDT	+0.0120%	4h	66.190	−0.316%	$124.5M	$188.7M	1000x	as long as short
Aevo XAG-PERP	+0.0120%	1h	66.220	−0.272%	$48K	—	10x	as long as short
Binance XAGUSDT	+0.0120%	4h	66.197	−0.306%	$191.8M	$788.9M	100x	as long as short
edgeX XAGUSDC	+0.0128%	4h	66.255	−0.218%	$670K	$313K	30x	as long as short
Bybit XAGUSDT	+0.0148%	4h	66.200	−0.301%	$25.2M	$37.8M	150x	as long as short
RISEx XAG/USDC	+0.0161%	1h	66.204	−0.296%	$1.4M	$4.3M	20x	as long as short
Nado XAG-PERP	+0.0166%	1h	66.151	−0.375%	$1.3M	$6.5M	10x	as long as short
Bullet SILVER-USD	+0.0168%	1h	66.214	−0.280%	$45K	$77K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0168%	8h	66.200	−0.301%	$27.5M	$68.2M	50x	as long as short
Aftermath Perps XAGUSD	+0.0186%	1h	66.220	−0.272%	$80K	$39K	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.040	−0.542%	$1.9M	$1.2M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0212%	4h	66.280	−0.181%	$396K	$1.7M	25x	as long as short
Hibachi XAG/USDT-P	+0.0248%	1h	66.217	−0.276%	$20K	$21K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0277% / S −0.0261%	1h	66.225	−0.264%	$103K	—	111x	as long as short
Bitget XAGUSDT	+0.0284%	4h	66.200	−0.301%	$23.4M	$50.7M	100x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0355%	1h	66.210	−0.286%	$88K	$501K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0421%	1h	66.187	−0.320%	$779K	$644K	25x	as long as short