Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0126%/8h= +13.8% APRpaid last 24h +0.018%

Price spread now: Variational Omni against Injective+0.064%7-day average — · you sell dearer than you buy

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

Long on Injective Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Variational Omni is 0.064% dearer against Injective than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

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	17m 05s	$11K	$94K	52x
Short	Variational Omni XAG	66.443	0.0159	get 0.0080% / 4h	2h 17m	$5.5M	$9.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.064%Rate

Funding earned: $26.48
Price spread: +0.064% → 0.000%: $6.43
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $32.89
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Variational Omni: RFQ quote, 2 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 Variational Omni RFQ quote, 2 min ago	2.56 bp	doesn't fit	3.0 bp −$30	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 43 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	66.363	−0.056%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.430	+0.045%	$153.1M	$164.2M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.430	+0.045%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.450	+0.075%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.440	+0.060%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.357	−0.065%	$120K	—	250x	as long as short
Hotstuff SILVER-PERP	+0.0024%	1h	66.351	−0.074%	$35K	$21K	20x	as long as short
Lighter RH XAG	+0.0032%	1h	66.392	−0.012%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.343	−0.086%	$5.4M	$12.1M	10x	as long as short
Injective XAG/USDC PERPlong	+0.0033%	1h	66.400	long leg	$11K	$94K	52x

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	66.430	+0.045%	$799K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.833	+0.652%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.402	+0.003%	$56K	$26K	25x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.280	−0.181%	$5.7M	$9.5M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.359	−0.062%	$3.9M	$669K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.339	−0.092%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.380	−0.030%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0062%	24h	66.362	−0.057%	$542K	$23.7M	8.1x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.389	−0.017%	$1.2M	$4.4M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0099%	1h	66.380	−0.030%	$166.0M	$76.1M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.340	−0.090%	$472K	$606K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.370	−0.045%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.380	−0.030%	$126K	$23K	50x	as long as short
Bybit XAGUSDT	+0.0128%	4h	66.430	+0.045%	$26.6M	$36.4M	150x	as long as short
Aster XAGUSDT	+0.0132%	4h	66.409	+0.014%	$2.8M	$939K	100x	as long as short
Paradex XAG-USD-PERP	+0.0135%	8h	66.392	−0.012%	$30K	$1K	5x	as long as short
Variational Omni XAGshort	+0.0159%	4h	66.443	+0.064%	$5.5M	$9.8M	—
Aevo XAG-PERP	+0.0168%	1h	66.407	+0.010%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0174%	4h	66.410	+0.015%	$102.8M	$158.5M	1000x	as long as short
Binance XAGUSDT	+0.0177%	4h	66.414	+0.022%	$192.4M	$706.9M	100x	as long as short
edgeX XAGUSDC	+0.0184%	4h	66.421	+0.032%	$674K	$315K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.410	+0.015%	$1.9M	$971K	20x	as long as short
Lighter XAG	+0.0192%	1h	66.398	−0.002%	$5.3M	$10.6M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0209%	8h	66.420	+0.030%	$28.0M	$65.8M	50x	as long as short
Nado XAG-PERP	+0.0223%	1h	66.343	−0.086%	$1.3M	$6.5M	10x	as long as short
Aftermath Perps XAGUSD	+0.0231%	1h	66.373	−0.041%	$80K	$38K	10x	as long as short
Hibachi XAG/USDT-P	+0.0232%	1h	66.363	−0.056%	$20K	$22K	10x	as long as short
Bitget XAGUSDT	+0.0246%	4h	66.410	+0.015%	$23.9M	$46.0M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0266%	4h	66.450	+0.075%	$395K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0287%	1h	66.428	+0.042%	$46K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.435	+0.053%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0353%	1h	66.390	−0.015%	$50K	$325K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0462%	1h	66.370	−0.045%	$765K	$478K	25x	as long as short