Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0010%/8h= +1.1% APRpaid last 24h +0.014%

Price spread now: Nado against edgeX−0.139%118s7-day average −0.034% · 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—prices read too far apart to compare

costs, in and out, $10k−$220.217% of the position

Long on edgeX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.027%+$3 on $10k

Price spread, last 4 days (all we have)+0.070%+$7 · spread now −0.139%, 7d avg −0.034%

Together, before fees+0.097%+ Points / potential airdropedgeX: Active · Nado: Active · farm board+$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.105% cheaper against edgeX than usual: you would sell low and buy high (spread −0.139% now, against its 7-day average of −0.034%). If the spread goes back, that is −$10 on $10k: about 36 days of funding at the current rate ($0 a day). At the pace of the last 3 days (+0.027% in total) that is about 14 days. The two prices were read 118 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	edgeX XAGUSDC	65.508	0.0108	pay 0.0054% / 4h	1h 49m	$667K	$313K	30x
Short	Nado XAG-PERP	65.417	0.0118	get 0.0015% / 1h	49m 32s	$1.2M	$5.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against edgeX. 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 edgeXbpFee NadobpOrdersPrice spread, now −0.139%Rate

Funding earned: $2.02
Price spread: −0.139% → −0.034%: −$10.47
Slippage, 4 orders: −$5.66
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$30.11
Costs to cover: 0.217%
Break-even: 111.1 days

Slippage from edgeX: live order book, 59 min ago; Nado: live order book, 4 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 edgeX live order book, 59 min ago	2.27 bp	6.8 bp −$7	6.8 bp −$68	9.2 bp −$919	21.0 bp −$10.5K
Sell Nado live order book, 4 min ago	0.08 bp	4.6 bp −$5	9.2 bp −$92	35.1 bp −$3,506	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	−0.0120%	1h	65.433	−0.115%	$20K	$19K	10x	as long as short
Ondo Perps XAG-USD.P	−0.0064%	1h	65.310	−0.302%	$5.6M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.406	−0.155%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.470	−0.058%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.480	−0.043%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.440	−0.104%	$1.5M	$281K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.397	−0.169%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0028%	4h	65.490	−0.027%	$142.2M	$178.6M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.460	−0.073%	$4.7M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.423	−0.130%	$5.1M	$11.6M	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 PERP	+0.0033%	1h	66.400	+1.362%	$11K	$94K	52x	as long as short
Bybit XAGUSDT	+0.0037%	4h	65.470	−0.058%	$28.6M	$39.5M	150x	as long as short
Hotstuff SILVER-PERP	+0.0040%	1h	65.460	−0.073%	$35K	$21K	20x	as long as short
StandX XAG-USD	+0.0040%	1h	65.430	−0.119%	$787K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.867	+0.548%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0050%	1h	65.430	−0.119%	$152K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.433	−0.114%	$170.7M	$83.2M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.401	−0.163%	$3.9M	$716K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.404	−0.159%	$3K	$6K	20x	as long as short
Aster XAGUSDT	+0.0053%	4h	65.440	−0.104%	$2.7M	$956K	100x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0056%	1h	65.440	−0.104%	$66K	$370K	20x	as long as short
Paradex XAG-USD-PERP	+0.0059%	8h	65.449	−0.090%	$29K	$1K	5x	as long as short
RISEx XAG/USDC	+0.0061%	1h	65.467	−0.063%	$1.2M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0061%	1h	65.561	+0.081%	$56K	$31K	25x	as long as short
Lighter XAG	+0.0072%	1h	65.468	−0.062%	$5.4M	$11.3M	25x	as long as short
Kalshi KXSILVERPERP	+0.0077%	24h	65.415	−0.142%	$499K	$29.6M	8.1x	as long as short
Variational Omni XAG	+0.0084%	4h	65.404	−0.158%	$5.5M	$9.4M	—	as long as short
Binance XAGUSDT	+0.0089%	4h	65.460	−0.074%	$189.5M	$759.1M	100x	as long as short
MEXC SILVER_USDT	+0.0092%	4h	65.460	−0.073%	$113.3M	$156.6M	1000x	as long as short
Pacifica XAG	+0.0100%	1h	65.425	−0.127%	$467K	$627K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.430	−0.119%	$24.6M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.470	−0.058%	$112K	$19K	50x	as long as short
Aevo XAG-PERP	+0.0104%	1h	65.429	−0.120%	$47K	—	10x	as long as short
edgeX XAGUSDClong	+0.0108%	4h	65.508	long leg	$667K	$313K	30x
Nado XAG-PERPshort	+0.0118%	1h	65.417	−0.139%	$1.2M	$5.5M	10x
Coinbase International SILVER-PERP-INTX	+0.0120%	1h	65.370	−0.211%	$1.6M	$1.3M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0132%	4h	65.425	−0.126%	$384K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0149%	1h	65.439	−0.105%	$44K	$76K	10x	as long as short
Bitget XAGUSDT	+0.0190%	4h	65.480	−0.043%	$23.8M	$46.5M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0196%	8h	65.470	−0.058%	$27.8M	$71.1M	50x	as long as short
Aftermath Perps XAGUSD	+0.0212%	1h	65.474	−0.051%	$79K	$37K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0320% / S −0.0301%	1h	65.435	−0.111%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0336%	4h	65.460	−0.073%	$2.6M	$617K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0492%	1h	65.399	−0.166%	$917K	$744K	25x	as long as short