Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.010%

Price spread now: Injective against SunX+0.378%59s7-day average — · you sell dearer than you buy

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

Long on SunX 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

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Injective is 0.378% dearer against SunX than usual: you sell high and buy low: +$38 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 59 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	SunX XAG-USDT	66.150	0	get 0.0000% / 4h	2h 47m	$3K	$2.6M	20x
Short	Injective XAG/USDC PERP	66.400	0.0033	get 0.0004% / 1h	47m 26s	$11K	$94K	52x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against SunX. 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 SunXbpFee InjectivebpOrdersPrice spread, now +0.378%Rate

Funding earned: $7
Price spread: +0.378% → 0.000%: $37.79
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $36.77
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SunX: live order book, 10 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 SunX live order book, 10 min ago	29.52 bp	33.5 bp −$34	doesn't fit	doesn't fit	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
Ondo Perps XAG-USD.P	−0.0029%	1h	66.020	−0.197%	$5.7M	$9.3M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	66.104	−0.070%	$14K	$66	5x	as long as short
SunX XAG-USDTlong	0.0000%	4h	66.150	long leg	$3K	$2.6M	20x
HTX XAG-USDT	0.0000%	4h	66.170	+0.030%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.150	0.000%	$1.5M	$257K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.094	−0.084%	$121K	—	250x	as long as short
RISEx XAG/USDC	+0.0030%	1h	66.146	−0.006%	$1.3M	$4.8M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	66.126	−0.036%	$4.8M	$9.3M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.082	−0.103%	$5.2M	$11.4M	10x	as long as short
Injective XAG/USDC PERPshort	+0.0033%	1h	66.400	+0.378%	$11K	$94K	52x

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix SILVER	+0.0036%	1h	66.096	−0.082%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	66.140	−0.015%	$796K	$3.0M	40x	as long as short
Gate XAG_USDT	+0.0042%	4h	66.160	+0.015%	$149.9M	$154.0M	100x	as long as short
Vest SI-PERP	+0.0046%	1h	66.571	+0.636%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.112	−0.057%	$3.9M	$676K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.092	−0.088%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.120	−0.045%	$114K	$2.7M	20x	as long as short
Paradex XAG-USD-PERP	+0.0054%	8h	66.125	−0.037%	$30K	$1K	5x	as long as short
tradeXYZ xyz:SILVER	+0.0071%	1h	66.109	−0.062%	$166.7M	$73.8M	25x	as long as short
Kalshi KXSILVERPERP	+0.0075%	24h	66.109	−0.062%	$519K	$26.7M	8.1x	as long as short
Bybit XAGUSDT	+0.0077%	4h	66.170	+0.030%	$27.8M	$36.2M	150x	as long as short
Pacifica XAG	+0.0100%	1h	66.079	−0.107%	$471K	$607K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.110	−0.060%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.100	−0.076%	$113K	$30K	50x	as long as short
Aster XAGUSDT	+0.0108%	4h	66.155	+0.008%	$2.7M	$873K	100x	as long as short
Lighter XAG	+0.0136%	1h	66.130	−0.031%	$5.2M	$10.6M	25x	as long as short
BloFin XAG-USDT	+0.0146%	4h	66.130	−0.030%	$2.6M	$571K	100x	as long as short
Variational Omni XAG	+0.0151%	4h	66.143	−0.010%	$5.7M	$9.5M	—	as long as short
Aevo XAG-PERP	+0.0152%	1h	66.134	−0.024%	$47K	—	10x	as long as short
MEXC SILVER_USDT	+0.0160%	4h	66.140	−0.015%	$116.4M	$151.8M	1000x	as long as short
Binance XAGUSDT	+0.0161%	4h	66.150	0.000%	$191.4M	$702.0M	100x	as long as short
Nado XAG-PERP	+0.0164%	1h	66.107	−0.066%	$1.4M	$5.5M	10x	as long as short
edgeX XAGUSDC	+0.0174%	4h	66.143	−0.010%	$671K	$312K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.980	−0.257%	$1.8M	$1.0M	20x	as long as short
Aftermath Perps XAGUSD	+0.0196%	1h	66.096	−0.082%	$80K	$36K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0204%	1h	66.130	−0.030%	$74K	$364K	20x	as long as short
GRVT XAG_USDT_Perp	+0.0206%	4h	66.160	+0.015%	$395K	$1.5M	25x	as long as short
Bitget XAGUSDT	+0.0220%	4h	66.140	−0.015%	$24.0M	$44.8M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0221%	8h	66.150	0.000%	$27.7M	$64.6M	50x	as long as short
Bullet SILVER-USD	+0.0228%	1h	66.147	−0.004%	$44K	$76K	10x	as long as short
Hotstuff SILVER-PERP	+0.0232%	1h	66.107	−0.065%	$35K	$21K	20x	as long as short
Hibachi XAG/USDT-P	+0.0320%	1h	66.100	−0.076%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0388% / S −0.0443%	1h	66.145	−0.008%	$106K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0466%	1h	66.120	−0.045%	$909K	$688K	25x	as long as short