Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h +0.053%

Price spread now: Nado against Gate+0.031%7-day average −0.051% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$260.265% of the position

Long on Gate Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.062%+$6 on $10k

Price spread, last 7 days−0.119%−$12 · spread now +0.031%, 7d avg −0.051%

Together, before fees−0.057%+ Points / potential airdropNado: Active · farm board−$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.081% dearer against Gate than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XAG_USDT	65.960	0	get 0.0000% / 4h	2h 08m	$147.0M	$185.4M	100x
Short	Nado XAG-PERP	65.980	−0.0002	pay 0.0000% / 1h	8m 01s	$1.3M	$6.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Gate. 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 GatebpFee NadobpOrdersPrice spread, now +0.031%Rate

Funding earned: −$0.33
Price spread: +0.031% → −0.051%: $8.14
Slippage, 4 orders: −$4.47
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$18.66
Costs to cover: 0.265%
Break-even: never at this rate

Slippage from Gate: live order book, 1 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 1 min ago	0.76 bp	8.3 bp −$8	9.2 bp −$92	13.2 bp −$1,317	19.8 bp −$9,887
Sell Nado live order book, 1 min ago	0.08 bp	5.8 bp −$6	10.4 bp −$104	doesn't fit	doesn't fit

XAG on 42 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
Deribit SILVER_USDC-PERPETUAL	−0.0356%	1h	66.000	+0.061%	$75K	$361K	20x	as long as short
Nado XAG-PERPshort	−0.0002%	1h	65.980	+0.031%	$1.3M	$6.5M	10x
dYdX XAG-USD	0.0000%	1h	65.932	−0.042%	$14K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.950	−0.015%	$25.7M	$36.4M	150x	as long as short
Gate XAG_USDTlong	0.0000%	4h	65.960	long leg	$147.0M	$185.4M	100x
Bullet SILVER-USD	0.0000%	1h	66.004	+0.067%	$44K	$74K	10x	as long as short
SunX XAG-USDT	0.0000%	4h	65.990	+0.045%	$2K	$3.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.010	+0.076%	$1.0M	$1.2M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.030	+0.106%	$1.5M	$249K	100x	as long as short
Aftermath Perps XAGUSD	+0.0014%	1h	65.984	+0.036%	$79K	$40K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XAG	+0.0032%	1h	66.006	+0.069%	$5.1M	$11.5M	25x	as long as short
Lighter RH XAG	+0.0032%	1h	66.006	+0.070%	$4.4M	$10.0M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.031	+0.108%	$5.3M	$14.8M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.667%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.030	+0.106%	$790K	$2.8M	40x	as long as short
BloFin XAG-USDT	+0.0041%	4h	66.020	+0.091%	$2.6M	$1.2M	100x	as long as short
Vest SI-PERP	+0.0046%	1h	66.502	+0.822%	—	—	25x	as long as short
Aster XAGUSDT	+0.0049%	4h	66.036	+0.115%	$2.8M	$1.1M	100x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.988	+0.042%	$164.4M	$94.8M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.985	+0.038%	$3.9M	$743K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.985	+0.038%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	65.910	−0.076%	$5.4M	$9.7M	25x	as long as short
Kalshi KXSILVERPERP	+0.0055%	24h	65.886	−0.112%	$637K	$21.8M	8.1x	as long as short
Bitget XAGUSDT	+0.0060%	4h	65.970	+0.015%	$23.7M	$52.6M	100x	as long as short
Phoenix SILVER	+0.0073%	1h	66.027	+0.102%	$56K	$26K	25x	as long as short
QFEX SILVER-USD	+0.0080%	1h	66.020	+0.091%	$143K	$2.8M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0092%	4h	66.058	+0.148%	$390K	$1.6M	25x	as long as short
Binance XAGUSDT	+0.0094%	4h	65.962	+0.003%	$190.1M	$798.7M	100x	as long as short
MEXC SILVER_USDT	+0.0096%	4h	66.000	+0.061%	$122.7M	$192.5M	1000x	as long as short
Pacifica XAG	+0.0100%	1h	65.947	−0.019%	$472K	$645K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.970	+0.015%	$24.2M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.050	+0.136%	$112K	$85K	50x	as long as short
Aevo XAG-PERP	+0.0104%	1h	66.032	+0.109%	$47K	—	10x	as long as short
Paradex XAG-USD-PERP	+0.0104%	8h	66.013	+0.080%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0107%	4h	66.053	+0.142%	$5.3M	$11.4M	—	as long as short
edgeX XAGUSDC	+0.0126%	4h	66.054	+0.142%	$670K	$314K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0155%	8h	65.940	−0.030%	$27.4M	$69.9M	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	65.880	−0.121%	$1.9M	$1.2M	20x	as long as short
Hotstuff SILVER-PERP	+0.0320%	1h	65.994	+0.052%	$35K	$21K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0391% / S −0.0419%	1h	66.005	+0.068%	$102K	—	29x	as long as short
RISEx XAG/USDC	+0.0432%	1h	66.007	+0.072%	$1.3M	$4.4M	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0615%	1h	65.941	−0.029%	$774K	$616K	25x	as long as short