Settings8H · net · $10k
Funding arb · Price arb /

XAG

RWAall XAG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h +0.025%
Price spread now: Nado against ApeX Omni+0.001%7-day average −0.025% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$480.478% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.029%−$3 on $10k
Price spread, last 3 days (all we have)−0.056%−$6 · spread now +0.001%, 7d avg −0.025%
Together, before fees−0.084%+ Points / potential airdropNado: Active · farm board−$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Nado is 0.026% dearer against ApeX Omni than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.025%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni XAGUSDT66.1500.0100pay 0.0013% / 1h47m 35s$113K$51K50x
ShortNado XAG-PERP66.1510.0150get 0.0019% / 1h47m 35s$1.3M$6.5M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against ApeX Omni. 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

Funding earned
$10.5
Price spread: +0.001% → −0.025%
$2.62
Slippage, 4 orders
−$30.78
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$34.66
Costs to cover
0.478%
Break-even
30.1 days
Slippage from ApeX Omni: live order book, 33 min ago; Nado: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 33 min ago9.08 bp19.5 bp −$2053.8 bp −$538doesn't fitdoesn't fit
Sell Nado live order book, 1 min ago0.08 bp4.2 bp −$48.9 bp −$89doesn't fitdoesn't fit

XAG on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_XAGUSD−0.0272%1h66.168+0.027%$777K$591K25xas long as short
Hotstuff SILVER-PERP−0.0072%1h66.161+0.017%$35K$21K20xas long as short
dYdX XAG-USD0.0000%1h66.121−0.043%$15K5xas long as short
Bybit XAGUSDT0.0000%4h66.210+0.091%$25.5M$34.1M150xas long as short
RISEx XAG/USDC0.0000%1h66.209+0.089%$1.3M$4.2M20xas long as short
Gate XAG_USDT0.0000%4h66.190+0.060%$146.4M$171.5M100xas long as short
SunX XAG-USDT0.0000%4h66.190+0.060%$2K$3.3M20xas long as short
HTX XAG-USDT0.0000%4h66.220+0.106%$1.0M$1.1M75xas long as short
Phemex XAGUSDT0.0000%4h66.210+0.091%$1.5M$247K100xas long as short
Bitget XAGUSDT+0.0002%4h66.220+0.106%$23.7M$48.6M100xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) XAG/USDL +0.0004% / S −0.0006%1h66.131−0.029%$120K10xas long as short
Aster XAGUSDT+0.0005%4h66.200+0.075%$2.8M$1.1M100xas long as short
GRVT XAG_USDT_Perp+0.0008%4h66.209+0.089%$395K$1.6M25xas long as short
QFEX SILVER-USD+0.0016%1h66.190+0.060%$144K$2.8M20xas long as short
Variational Omni XAG+0.0031%4h66.189+0.060%$5.4M$10.7Mas long as short
Lighter XAG+0.0032%1h66.177+0.040%$5.2M$10.7M25xas long as short
Lighter RH XAG+0.0032%1h66.174+0.037%$4.5M$9.4M25xas long as short
Extended XAG-USD+0.0032%1h66.147−0.004%$5.5M$14.8M10xas long as short
Injective XAG/USDC PERP+0.0033%1h66.400+0.378%$11K$94K52xas long as short
MEXC SILVER_USDT+0.0040%4h66.200+0.076%$116.6M$181.1M1000xas long as short
StandX XAG-USD+0.0040%1h66.160+0.015%$792K$2.8M40xas long as short
Binance XAGUSDT+0.0041%4h66.209+0.089%$189.3M$760.4M100xas long as short
Vest SI-PERP+0.0046%1h66.640+0.741%25xas long as short
tradeXYZ xyz:SILVER+0.0050%1h66.160+0.015%$164.0M$91.6M25xas long as short
Polymarket Perps SILVER-USD+0.0050%1h66.176+0.039%$3.9M$715K20xas long as short
SoDEX SILVER-USD+0.0050%1h66.131−0.029%$4K$5K20xas long as short
Ondo Perps XAG-USD.P+0.0050%1h66.120−0.045%$5.6M$9.9M25xas long as short
Kalshi KXSILVERPERP+0.0054%24h66.149−0.002%$589K$21.6M8.1xas long as short
Aevo XAG-PERP+0.0056%1h66.188+0.057%$48K10xas long as short
edgeX XAGUSDC+0.0056%4h66.191+0.062%$671K$315K30xas long as short
BloFin XAG-USDT+0.0068%4h66.180+0.045%$2.5M$1.2M100xas long as short
Phoenix SILVER+0.0073%1h66.148−0.003%$56K$26K25xas long as short
Aftermath Perps XAGUSD+0.0075%1h66.151+0.001%$80K$40K10xas long as short
Paradex XAG-USD-PERP+0.0090%8h66.186+0.055%$30K$1K5xas long as short
Pacifica XAG+0.0100%1h66.152+0.003%$474K$641K10xas long as short
KuCoin XAGUSDTM+0.0100%4h66.170+0.030%$24.3M$4.5M75xas long as short
ApeX Omni XAGUSDTlong+0.0100%1h66.150long leg$113K$51K50x
Coinbase International SILVER-PERP-INTX+0.0104%1h66.180+0.045%$1.9M$886K20xas long as short
OKX XAG-USDT-SWAP+0.0140%8h66.210+0.091%$27.2M$67.5M50xas long as short
Nado XAG-PERPshort+0.0150%1h66.151+0.001%$1.3M$6.5M10x
Bullet SILVER-USD+0.0175%1h66.213+0.096%$45K$74K10xas long as short
GMX SILVER/USD [ETH-USDC]L +0.0360% / S −0.0369%1h66.195+0.068%$103K29xas long as short
Deribit SILVER_USDC-PERPETUAL+0.0808%1h66.210+0.091%$60K$357K20xas long as short