Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0077%/8h= +8.4% APRpaid last 24h −0.016%

Price spread now: BloFin against Nado+0.085%103s7-day average +0.049% · 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—prices read too far apart to compare

costs, in and out, $10k−$220.225% of the position

Long on Nado Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.169%−$17 on $10k

Price spread, last 4 days (all we have)−0.028%−$3 · spread now +0.085%, 7d avg +0.049%

Together, before fees−0.197%+ Points / potential airdropNado: Active · farm board−$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.036% dearer against Nado than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.049%. Mind the row above: over the last 3 days funding on this pair cost −0.169%, so the current rate has only just turned in your favour. The two prices were read 103 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	Nado XAG-PERP	65.344	0.0139	pay 0.0017% / 1h	13m 28s	$1.2M	$5.1M	10x
Short	BloFin XAG-USDT	65.400	0.0216	get 0.0108% / 4h	1h 13m	$2.6M	$601K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.085%Rate

Funding earned: $16.15
Price spread: +0.085% → +0.049%: $3.61
Slippage, 4 orders: −$3.46
Fee Nado: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$2.7
Costs to cover: 0.225%
Break-even: 8.2 days

Slippage from Nado: live order book, 6 min ago; BloFin: live order book, 10 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, 6 min ago	0.38 bp	4.0 bp −$4	8.5 bp −$85	29.7 bp −$2,970	doesn't fit
Sell BloFin live order book, 10 min ago	0.76 bp	6.8 bp −$7	6.8 bp −$68	9.9 bp −$994	15.4 bp −$7,694

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
Ondo Perps XAG-USD.P	−0.0076%	1h	65.270	−0.114%	$5.6M	$9.7M	25x	as long as short
Hibachi XAG/USDT-P	−0.0032%	1h	65.349	+0.007%	$20K	$19K	10x	as long as short
dYdX XAG-USD	0.0000%	1h	65.367	+0.035%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.410	+0.101%	$27.8M	$39.9M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.430	+0.131%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.480	+0.208%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.410	+0.101%	$1.5M	$280K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.337	−0.011%	$118K	—	250x	as long as short
Hotstuff SILVER-PERP	+0.0016%	1h	65.389	+0.069%	$35K	$21K	20x	as long as short
Variational Omni XAG	+0.0026%	4h	65.374	+0.045%	$5.5M	$9.4M	—	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate XAG_USDT	+0.0026%	4h	65.430	+0.131%	$141.2M	$183.8M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.384	+0.061%	$4.6M	$9.8M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.325	−0.029%	$5.1M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.616%	$11K	$94K	52x	as long as short
Aster XAGUSDT	+0.0037%	4h	65.405	+0.093%	$2.7M	$975K	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.380	+0.055%	$786K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.814	+0.719%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0050%	1h	65.390	+0.070%	$152K	$2.8M	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.369	+0.038%	$3.8M	$856K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.326	−0.028%	$3K	$6K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0053%	1h	65.374	+0.046%	$170.4M	$83.7M	25x	as long as short
MEXC SILVER_USDT	+0.0054%	4h	65.410	+0.101%	$117.0M	$157.6M	1000x	as long as short
Paradex XAG-USD-PERP	+0.0054%	8h	65.374	+0.046%	$29K	$1K	5x	as long as short
Binance XAGUSDT	+0.0056%	4h	65.407	+0.096%	$191.5M	$764.6M	100x	as long as short
RISEx XAG/USDC	+0.0061%	1h	65.397	+0.080%	$1.2M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0061%	1h	65.356	+0.018%	$56K	$31K	25x	as long as short
Aevo XAG-PERP	+0.0064%	1h	65.387	+0.066%	$47K	—	10x	as long as short
edgeX XAGUSDC	+0.0072%	4h	65.370	+0.039%	$665K	$315K	30x	as long as short
Kalshi KXSILVERPERP	+0.0078%	24h	65.387	+0.066%	$493K	$31.2M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	65.328	−0.025%	$469K	$628K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.360	+0.024%	$25.3M	$5.0M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.340	−0.006%	$112K	$19K	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0120%	1h	65.290	−0.083%	$1.6M	$1.4M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0126%	4h	65.425	+0.124%	$391K	$1.6M	25x	as long as short
Nado XAG-PERPlong	+0.0139%	1h	65.344	long leg	$1.2M	$5.1M	10x
Lighter XAG	+0.0152%	1h	65.388	+0.067%	$5.3M	$11.6M	25x	as long as short
Bitget XAGUSDT	+0.0172%	4h	65.410	+0.101%	$23.7M	$46.4M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0183%	8h	65.420	+0.116%	$28.0M	$71.1M	50x	as long as short
Bullet SILVER-USD	+0.0193%	1h	65.416	+0.110%	$44K	$76K	10x	as long as short
Aftermath Perps XAGUSD	+0.0210%	1h	65.358	+0.021%	$79K	$37K	10x	as long as short
BloFin XAG-USDTshort	+0.0216%	4h	65.400	+0.085%	$2.6M	$601K	100x
GMX SILVER/USD [ETH-USDC]	L +0.0273% / S −0.0241%	1h	65.415	+0.108%	$93K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0362%	1h	65.380	+0.055%	$65K	$381K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0492%	1h	65.375	+0.048%	$916K	$746K	25x	as long as short