Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0141%/8h= +15.5% APRpaid last 24h +0.048%

Price spread now: Nado against HTX−0.180%7-day average −0.091% · 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−$39as in the Price arb table

costs, in and out, $10k−$310.306% of the position

Long on HTX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.091%+$9 on $10k

Price spread, last 4 days (all we have)+0.024%+$2 · spread now −0.180%, 7d avg −0.091%

Together, before fees+0.115%+ Points / potential airdropNado: Active · farm board+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.089% cheaper against HTX than usual: you would sell low and buy high (spread −0.180% now, against its 7-day average of −0.091%). If the spread goes back, that is −$9 on $10k: about 2.1 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XAG-USDT	65.790	0	get 0.0000% / 4h	1h 52m	$1.1M	$1.3M	75x
Short	Nado XAG-PERP	65.672	0.0141	get 0.0018% / 1h	52m 02s	$1.2M	$3.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against HTX. 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 HTXbpFee NadobpOrdersPrice spread, now −0.180%Rate

Funding earned: $29.69
Price spread: −0.180% → −0.091%: −$8.85
Slippage, 4 orders: −$11.62
Fee HTX: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$9.78
Costs to cover: 0.306%
Break-even: 9.3 days

Slippage from HTX: live order book, 5 min ago; Nado: live order book, 5 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 HTX live order book, 5 min ago	4.57 bp	10.6 bp −$11	10.6 bp −$106	14.3 bp −$1,431	doesn't fit
Sell Nado live order book, 5 min ago	0.08 bp	5.5 bp −$5	9.5 bp −$95	35.2 bp −$3,517	doesn't fit

XAG on 44 exchanges

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
Hotstuff SILVER-PERP	−1.5176%	1h	65.532	−0.392%	$36K	$23K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	65.651	−0.211%	$13K	$8K	5x	as long as short
Gate XAG_USDT	0.0000%	4h	65.720	−0.106%	$138.6M	$203.9M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.750	−0.061%	$2K	$2.4M	20x	as long as short
HTX XAG-USDTlong	0.0000%	4h	65.790	long leg	$1.1M	$1.3M	75x
Phemex XAGUSDT	0.0000%	4h	65.750	−0.061%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.658	−0.201%	$119K	—	250x	as long as short
Ondo Perps XAG-USD.P	+0.0008%	1h	65.610	−0.274%	$5.7M	$11.0M	25x	as long as short
Lighter RH XAG	+0.0032%	1h	65.741	−0.074%	$4.5M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.684	−0.160%	$5.1M	$11.8M	10x	as long as short

Show all 44 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	64.602	−1.806%	$11K	$240	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.680	−0.167%	$790K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.160	+0.562%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.692	−0.149%	$3.8M	$894K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.634	−0.237%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.680	−0.167%	$447K	$1.4M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0054%	1h	65.660	−0.198%	$174.6M	$93.9M	25x	as long as short
Paradex XAG-USD-PERP	+0.0057%	8h	65.704	−0.131%	$29K	$166	5x	as long as short
Variational Omni XAG	+0.0096%	4h	65.678	−0.170%	$5.7M	$9.1M	—	as long as short
Kalshi KXSILVERPERP	+0.0099%	24h	65.716	−0.112%	$711K	$38.6M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	65.658	−0.201%	$467K	$570K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.700	−0.137%	$25.5M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.650	−0.213%	$112K	$19K	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	65.690	−0.152%	$1.6M	$1.9M	20x	as long as short
Aevo XAG-PERP	+0.0112%	1h	65.722	−0.103%	$47K	—	10x	as long as short
Aster XAGUSDT	+0.0113%	4h	65.742	−0.073%	$2.7M	$1.1M	100x	as long as short
Binance XAGUSDT	+0.0115%	4h	65.690	−0.152%	$191.8M	$864.6M	100x	as long as short
MEXC SILVER_USDT	+0.0116%	4h	65.730	−0.091%	$122.0M	$162.8M	1000x	as long as short
RISEx XAG/USDC	+0.0116%	1h	65.717	−0.111%	$1.2M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0122%	1h	65.676	−0.173%	$55K	$14K	25x	as long as short
edgeX XAGUSDC	+0.0134%	4h	65.652	−0.209%	$669K	$313K	30x	as long as short
Bybit XAGUSDT	+0.0140%	4h	65.680	−0.167%	$30.6M	$48.2M	150x	as long as short
Nado XAG-PERPshort	+0.0141%	1h	65.672	−0.180%	$1.2M	$3.6M	10x
GRVT XAG_USDT_Perp	+0.0146%	4h	65.726	−0.097%	$396K	$1.5M	25x	as long as short
Lighter XAG	+0.0152%	1h	65.738	−0.079%	$5.2M	$11.6M	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0207%	1h	65.720	−0.106%	$77K	$411K	20x	as long as short
Bullet SILVER-USD	+0.0209%	1h	65.755	−0.053%	$45K	$74K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0213%	8h	65.680	−0.167%	$28.0M	$85.9M	50x	as long as short
Aftermath Perps XAGUSD	+0.0216%	1h	65.665	−0.190%	$79K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0246%	4h	65.700	−0.137%	$23.2M	$52.8M	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0269% / S −0.0236%	1h	65.745	−0.068%	$93K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0272%	1h	65.658	−0.201%	$21K	$12K	10x	as long as short
BloFin XAG-USDT	+0.0358%	4h	65.720	−0.106%	$2.7M	$772K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0547%	1h	65.712	−0.119%	$1.0M	$943K	25x	as long as short