Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0065%/8h= +7.2% APRpaid last 24h +0.023%

Price spread now: Nado against MEXC−0.066%51s7-day average −0.021% · 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−$100.098% of the position

Long on MEXC Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.036%+$4 on $10k

Price spread, last 7 days+0.045%+$4 · spread now −0.066%, 7d avg −0.021%

Together, before fees+0.081%+ Points / potential airdropNado: Active · farm board+$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.045% cheaper against MEXC than usual: you would sell low and buy high (spread −0.066% now, against its 7-day average of −0.021%). If the spread goes back, that is −$5 on $10k: about 2.3 days of funding at the current rate (+$2 a day). The two prices were read 51 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	MEXC SILVER_USDT	66.550	0.0122	pay 0.0061% / 4h	3h 00m	$108.9M	$161.4M	1000x
Short	Nado XAG-PERP	66.506	0.0187	get 0.0023% / 1h	0m 41s	$1.3M	$6.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against MEXC. 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 MEXCbpFee NadobpOrdersPrice spread, now −0.066%Rate

Funding earned: $13.74
Price spread: −0.066% → −0.021%: −$4.52
Slippage, 4 orders: −$2.84
Fee MEXC: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$0.62
Costs to cover: 0.098%
Break-even: 7.3 days

Slippage from MEXC: live order book, 3 min ago; Nado: live order book, 3 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 MEXC live order book, 3 min ago	0.75 bp	0.8 bp −$1	0.8 bp −$8	0.8 bp −$75	3.5 bp −$1,737
Sell Nado live order book, 3 min ago	0.08 bp	4.3 bp −$4	8.3 bp −$83	33.8 bp −$3,379	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
dYdX XAG-USD	0.0000%	1h	66.475	−0.112%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.570	+0.030%	$25.6M	$35.7M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.550	0.000%	$155.4M	$169.6M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.560	+0.015%	$2K	$2.9M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.590	+0.060%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.550	0.000%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.489	−0.092%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.534	−0.023%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.483	−0.101%	$5.4M	$12.4M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.225%	$11K	$94K	52x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	66.590	+0.060%	$801K	$2.8M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.989	+0.660%	—	—	25x	as long as short
Hotstuff SILVER-PERP	+0.0048%	1h	66.514	−0.054%	$35K	$21K	20x	as long as short
Phoenix SILVER	+0.0048%	1h	66.507	−0.065%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.522	−0.042%	$3.9M	$700K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.475	−0.113%	$3K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.450	−0.150%	$5.7M	$9.5M	25x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.540	−0.015%	$115K	$2.8M	20x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.519	−0.047%	$566K	$21.7M	8.1x	as long as short
tradeXYZ xyz:SILVER	+0.0070%	1h	66.489	−0.092%	$165.8M	$84.9M	25x	as long as short
Aster XAGUSDT	+0.0097%	4h	66.510	−0.060%	$2.8M	$1.0M	100x	as long as short
Pacifica XAG	+0.0100%	1h	66.484	−0.099%	$474K	$619K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.510	−0.060%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.530	−0.030%	$127K	$24K	50x	as long as short
Variational Omni XAG	+0.0108%	4h	66.543	−0.010%	$5.6M	$9.8M	—	as long as short
Paradex XAG-USD-PERP	+0.0112%	8h	66.542	−0.012%	$30K	$1K	5x	as long as short
Aevo XAG-PERP	+0.0120%	1h	66.541	−0.013%	$48K	—	10x	as long as short
MEXC SILVER_USDTlong	+0.0122%	4h	66.550	long leg	$108.9M	$161.4M	1000x
BloFin XAG-USDT	+0.0122%	4h	66.590	+0.060%	$2.6M	$683K	100x	as long as short
Binance XAGUSDT	+0.0123%	4h	66.543	−0.010%	$193.5M	$716.8M	100x	as long as short
edgeX XAGUSDC	+0.0123%	4h	66.552	+0.003%	$675K	$315K	30x	as long as short
Lighter XAG	+0.0128%	1h	66.514	−0.054%	$5.4M	$10.6M	25x	as long as short
RISEx XAG/USDC	+0.0148%	1h	66.556	+0.009%	$1.3M	$4.2M	20x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.530	−0.030%	$1.9M	$935K	20x	as long as short
Nado XAG-PERPshort	+0.0187%	1h	66.506	−0.066%	$1.3M	$6.5M	10x
GRVT XAG_USDT_Perp	+0.0190%	4h	66.559	+0.013%	$402K	$1.5M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0195%	8h	66.560	+0.015%	$28.0M	$66.7M	50x	as long as short
Bitget XAGUSDT	+0.0196%	4h	66.550	0.000%	$24.6M	$47.5M	100x	as long as short
Aftermath Perps XAGUSD	+0.0208%	1h	66.536	−0.020%	$80K	$39K	10x	as long as short
Bullet SILVER-USD	+0.0250%	1h	66.564	+0.021%	$45K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0288%	1h	66.531	−0.029%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.555	+0.008%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0352%	1h	66.530	−0.030%	$50K	$336K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0488%	1h	66.520	−0.045%	$765K	$564K	25x	as long as short