Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0036%/8h= +4.0% APRpaid last 24h +0.028%

Price spread now: Nado against Aster−0.045%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$200.199% of the position

Long on Aster Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.053%+$5 on $10k

Price spread, last 7 days+0.012%+$1 · spread now −0.045%, 7d avg −0.033%

Together, before fees+0.065%+ Points / potential airdropAster: Stage 5 · Nado: Active · farm board+$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.033%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XAGUSDT	65.610	0.0060	pay 0.0030% / 4h	1h 57m	$2.7M	$955K	100x
Short	Nado XAG-PERP	65.581	0.0097	get 0.0012% / 1h	57m 14s	$1.2M	$5.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Aster. 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 AsterbpFee NadobpOrdersPrice spread, now −0.045%Rate

Funding earned: $7.65
Price spread: −0.045% → −0.033%: −$1.14
Slippage, 4 orders: −$4.9
Fee Aster: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$13.39
Costs to cover: 0.199%
Break-even: 19.2 days

Slippage from Aster: live order book, 1 min ago; Nado: live order book, 2 min ago.

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 Aster live order book, 1 min ago	0.76 bp	6.3 bp −$6	7.1 bp −$71	14.6 bp −$1,462	doesn't fit
Sell Nado live order book, 2 min ago	0.08 bp	4.2 bp −$4	7.6 bp −$76	34.5 bp −$3,449	doesn't fit

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
Hibachi XAG/USDT-P	−0.0080%	1h	65.560	−0.076%	$20K	$19K	10x	as long as short
dYdX XAG-USD	0.0000%	1h	65.584	−0.039%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.610	0.000%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.620	+0.015%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.590	−0.030%	$1.5M	$280K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.549	−0.093%	$119K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.593	−0.026%	$4.7M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.552	−0.089%	$5.1M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.204%	$11K	$94K	52x	as long as short
Phoenix SILVER	+0.0036%	1h	65.534	−0.116%	$56K	$26K	25x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate XAG_USDT	+0.0038%	4h	65.620	+0.015%	$144.3M	$176.0M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.590	−0.030%	$789K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.028	+0.637%	—	—	25x	as long as short
Ondo Perps XAG-USD.P	+0.0046%	1h	65.490	−0.183%	$5.6M	$9.7M	25x	as long as short
Hotstuff SILVER-PERP	+0.0048%	1h	65.575	−0.053%	$35K	$21K	20x	as long as short
QFEX SILVER-USD	+0.0050%	1h	65.600	−0.015%	$152K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.569	−0.062%	$170.9M	$82.8M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.575	−0.053%	$3.9M	$711K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.546	−0.098%	$3K	$6K	20x	as long as short
Aster XAGUSDTlong	+0.0060%	4h	65.610	long leg	$2.7M	$955K	100x
Paradex XAG-USD-PERP	+0.0061%	8h	65.595	−0.023%	$29K	$1K	5x	as long as short
RISEx XAG/USDC	+0.0061%	1h	65.609	−0.002%	$1.2M	$4.9M	20x	as long as short
Bybit XAGUSDT	+0.0073%	4h	65.620	+0.015%	$28.8M	$39.1M	150x	as long as short
Kalshi KXSILVERPERP	+0.0077%	24h	65.609	−0.002%	$466K	$29.2M	8.1x	as long as short
Nado XAG-PERPshort	+0.0097%	1h	65.581	−0.045%	$1.2M	$5.6M	10x
Pacifica XAG	+0.0100%	1h	65.558	−0.079%	$468K	$629K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.570	−0.061%	$24.7M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.560	−0.076%	$112K	$19K	50x	as long as short
Variational Omni XAG	+0.0101%	4h	65.593	−0.026%	$5.5M	$9.4M	—	as long as short
Aevo XAG-PERP	+0.0104%	1h	65.601	−0.013%	$47K	—	10x	as long as short
Binance XAGUSDT	+0.0106%	4h	65.607	−0.005%	$188.5M	$744.6M	100x	as long as short
MEXC SILVER_USDT	+0.0106%	4h	65.600	−0.015%	$113.0M	$156.1M	1000x	as long as short
edgeX XAGUSDC	+0.0119%	4h	65.591	−0.028%	$668K	$314K	30x	as long as short
Lighter XAG	+0.0120%	1h	65.598	−0.018%	$5.4M	$11.2M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0120%	1h	65.580	−0.046%	$1.6M	$1.3M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0152%	4h	65.604	−0.010%	$395K	$1.6M	25x	as long as short
Bullet SILVER-USD	+0.0195%	1h	65.617	+0.010%	$44K	$76K	10x	as long as short
Bitget XAGUSDT	+0.0200%	4h	65.620	+0.015%	$23.8M	$46.3M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0204%	8h	65.600	−0.015%	$27.8M	$70.4M	50x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0208%	1h	65.590	−0.030%	$66K	$369K	20x	as long as short
Aftermath Perps XAGUSD	+0.0208%	1h	65.580	−0.046%	$79K	$37K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0321% / S −0.0301%	1h	65.605	−0.008%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0346%	4h	65.600	−0.015%	$2.6M	$619K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0491%	1h	65.566	−0.067%	$915K	$735K	25x	as long as short