Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0036%/8h= +3.9% APRpaid last 24h +0.013%

Price spread now: Bitget against Nado+0.069%7-day average +0.038% · 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−$21as in the Price arb table

costs, in and out, $10k−$240.240% of the position

Long on Nado Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.003%$0 on $10k

Price spread, last 7 days−0.035%−$3 · spread now +0.069%, 7d avg +0.038%

Together, before fees−0.031%+ Points / potential airdropNado: Active · farm board−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bitget is 0.030% dearer against Nado than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado XAG-PERP	65.055	0.0152	pay 0.0019% / 1h	46m 44s	$1.2M	$4.6M	10x
Short	Bitget XAGUSDT	65.100	0.0188	get 0.0094% / 4h	3h 46m	$23.2M	$45.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Nado. 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 NadobpFee BitgetbpOrdersPrice spread, now +0.069%Rate

Funding earned: $7.51
Price spread: +0.069% → +0.038%: $3.04
Slippage, 4 orders: −$4.98
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$13.43
Costs to cover: 0.240%
Break-even: 19.5 days

Slippage from Nado: live order book, 2 min ago; Bitget: 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 Nado live order book, 2 min ago	0.15 bp	5.4 bp −$5	10.0 bp −$100	33.7 bp −$3,371	doesn't fit
Sell Bitget live order book, 2 min ago	0.77 bp	6.8 bp −$7	8.8 bp −$88	16.8 bp −$1,681	45.0 bp −$22.5K

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	65.046	−0.014%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.140	+0.130%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.160	+0.161%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.140	+0.130%	$1.5M	$291K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.070	+0.023%	$118K	—	250x	as long as short
Variational Omni XAG	+0.0022%	4h	65.154	+0.152%	$5.4M	$9.1M	—	as long as short
Lighter RH XAG	+0.0032%	1h	65.102	+0.072%	$4.6M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.049	−0.010%	$4.9M	$11.8M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+2.067%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.070	+0.023%	$783K	$3.0M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SI-PERP	+0.0046%	1h	65.533	+0.734%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0047%	1h	65.130	+0.115%	$174K	$1.4M	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.068	+0.020%	$3.8M	$890K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.051	−0.007%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	65.020	−0.054%	$5.6M	$9.8M	25x	as long as short
Paradex XAG-USD-PERP	+0.0059%	8h	65.083	+0.042%	$29K	$166	5x	as long as short
Bybit XAGUSDT	+0.0061%	4h	65.110	+0.084%	$27.3M	$39.2M	150x	as long as short
MEXC SILVER_USDT	+0.0062%	4h	65.100	+0.069%	$125.0M	$156.0M	1000x	as long as short
Binance XAGUSDT	+0.0064%	4h	65.110	+0.084%	$193.5M	$762.5M	100x	as long as short
edgeX XAGUSDC	+0.0065%	4h	65.127	+0.111%	$663K	$314K	30x	as long as short
Aevo XAG-PERP	+0.0072%	1h	65.123	+0.104%	$47K	—	10x	as long as short
Aster XAGUSDT	+0.0073%	4h	65.120	+0.099%	$2.6M	$997K	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0080%	1h	65.070	+0.023%	$1.6M	$1.4M	20x	as long as short
Kalshi KXSILVERPERP	+0.0083%	24h	65.100	+0.069%	$480K	$33.4M	8.1x	as long as short
Hotstuff SILVER-PERP	+0.0096%	1h	65.075	+0.030%	$35K	$21K	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.045	−0.016%	$463K	$592K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.080	+0.038%	$25.2M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.050	−0.008%	$111K	$19K	50x	as long as short
Gate XAG_USDT	+0.0110%	4h	65.130	+0.115%	$139.9M	$179.4M	100x	as long as short
Phoenix SILVER	+0.0111%	1h	65.067	+0.018%	$55K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0150%	1h	65.067	+0.018%	$173.9M	$85.9M	25x	as long as short
Nado XAG-PERPlong	+0.0152%	1h	65.055	long leg	$1.2M	$4.6M	10x
RISEx XAG/USDC	+0.0158%	1h	65.121	+0.101%	$1.3M	$4.9M	20x	as long as short
Bitget XAGUSDTshort	+0.0188%	4h	65.100	+0.069%	$23.2M	$45.1M	100x
OKX XAG-USDT-SWAP	+0.0190%	8h	65.120	+0.099%	$28.6M	$72.2M	50x	as long as short
Aftermath Perps XAGUSD	+0.0206%	1h	65.074	+0.029%	$78K	$37K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0211%	1h	65.090	+0.053%	$77K	$418K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.125	+0.107%	$92K	—	111x	as long as short
BloFin XAG-USDT	+0.0248%	4h	65.150	+0.146%	$2.7M	$633K	100x	as long as short
Lighter XAG	+0.0256%	1h	65.101	+0.070%	$5.3M	$10.8M	25x	as long as short
Hibachi XAG/USDT-P	+0.0288%	1h	65.070	+0.023%	$20K	$15K	10x	as long as short
Bullet SILVER-USD	+0.0323%	1h	65.148	+0.143%	$45K	$75K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0396%	4h	65.138	+0.127%	$391K	$1.6M	25x	as long as short
Kraken Futures PF_XAGUSD	+0.0418%	1h	65.104	+0.075%	$1.0M	$868K	25x	as long as short