Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0023%/8h= +2.5% APRpaid last 24h −0.028%

Price spread now: Bybit against Nado+0.379%49s7-day average +0.048% · 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−$230.228% of the position

Long on Nado Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.062%−$6 on $10k

Price spread, last 7 days−0.340%−$34 · spread now +0.379%, 7d avg +0.048%

Together, before fees−0.402%+ Points / potential airdropNado: Active · farm board−$40 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 Bybit is 0.331% dearer against Nado than usual: you sell high and buy low: +$33 more if the spread goes back to its 7-day average of +0.048%. Mind the row above: over the last 4 days funding on this pair cost −0.062%, so the current rate has only just turned in your favour. The two prices were read 49 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	65.511	0.0174	pay 0.0022% / 1h	5m 36s	$1.2M	$3.7M	10x
Short	Bybit XAGUSDT	65.760	0.0197	get 0.0098% / 4h	2h 05m	$30.6M	$47.1M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.379%Rate

Funding earned: $4.84
Price spread: +0.379% → +0.048%: $33.14
Slippage, 4 orders: −$4.82
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $15.16
Costs to cover: 0.228%
Break-even: from the start

Slippage from Nado: live order book, 1 min ago; Bybit: 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 Nado live order book, 1 min ago	0.31 bp	4.9 bp −$5	9.3 bp −$93	36.9 bp −$3,690	doesn't fit
Sell Bybit live order book, 1 min ago	0.76 bp	6.3 bp −$6	9.3 bp −$93	14.1 bp −$1,408	67.6 bp −$33.8K

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	−0.4840%	1h	65.692	+0.276%	$36K	$23K	20x	as long as short
Injective XAG/USDC PERP	−0.0220%	1h	64.602	−1.388%	$11K	$240	52x	as long as short
Ondo Perps XAG-USD.P	−0.0003%	1h	65.590	+0.120%	$5.7M	$10.6M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.488	−0.036%	$12K	$7K	5x	as long as short
Gate XAG_USDT	0.0000%	4h	65.750	+0.364%	$139.3M	$201.8M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.650	+0.211%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.570	+0.089%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.650	+0.211%	$1.5M	$252K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.611	+0.153%	$118K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.728	+0.330%	$4.6M	$9.8M	25x	as long as short

Show all 44 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XAG-USD	+0.0032%	1h	65.668	+0.238%	$5.1M	$11.8M	10x	as long as short
StandX XAG-USD	+0.0040%	1h	65.400	−0.170%	$787K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.966	+0.694%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.518	+0.010%	$3.8M	$894K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.546	+0.053%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0058%	8h	65.729	+0.332%	$29K	$166	5x	as long as short
QFEX SILVER-USD	+0.0062%	1h	65.680	+0.257%	$446K	$1.4M	20x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0088%	1h	65.600	+0.135%	$1.6M	$1.8M	20x	as long as short
Kalshi KXSILVERPERP	+0.0097%	24h	65.591	+0.121%	$690K	$38.0M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	65.671	+0.243%	$467K	$572K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.680	+0.257%	$25.3M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.400	−0.170%	$112K	$19K	50x	as long as short
Variational Omni XAG	+0.0101%	4h	65.440	−0.109%	$5.7M	$9.2M	—	as long as short
Phoenix SILVER	+0.0110%	1h	65.406	−0.161%	$55K	$13K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0120%	1h	65.692	+0.276%	$174.8M	$93.5M	25x	as long as short
Aevo XAG-PERP	+0.0128%	1h	65.558	+0.072%	$47K	—	10x	as long as short
MEXC SILVER_USDT	+0.0130%	4h	65.730	+0.334%	$121.4M	$168.4M	1000x	as long as short
Binance XAGUSDT	+0.0132%	4h	65.723	+0.323%	$193.6M	$849.8M	100x	as long as short
Aster XAGUSDT	+0.0133%	4h	65.713	+0.307%	$2.7M	$1.1M	100x	as long as short
edgeX XAGUSDC	+0.0135%	4h	65.446	−0.100%	$667K	$314K	30x	as long as short
Nado XAG-PERPlong	+0.0174%	1h	65.511	long leg	$1.2M	$3.7M	10x
GRVT XAG_USDT_Perp	+0.0184%	4h	65.455	−0.087%	$395K	$1.6M	25x	as long as short
Lighter XAG	+0.0192%	1h	65.737	+0.345%	$5.1M	$11.8M	25x	as long as short
Bybit XAGUSDTshort	+0.0197%	4h	65.760	+0.379%	$30.6M	$47.1M	150x
RISEx XAG/USDC	+0.0206%	1h	65.563	+0.078%	$1.2M	$4.9M	20x	as long as short
Aftermath Perps XAGUSD	+0.0216%	1h	65.446	−0.100%	$79K	$37K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0219%	8h	65.740	+0.349%	$28.1M	$84.0M	50x	as long as short
Hibachi XAG/USDT-P	+0.0248%	1h	65.402	−0.167%	$21K	$12K	10x	as long as short
Bitget XAGUSDT	+0.0254%	4h	65.710	+0.303%	$23.2M	$51.6M	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0265% / S −0.0232%	1h	65.675	+0.250%	$93K	—	111x	as long as short
Bullet SILVER-USD	+0.0276%	1h	65.573	+0.094%	$44K	$74K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0361%	1h	65.550	+0.059%	$77K	$411K	20x	as long as short
BloFin XAG-USDT	+0.0370%	4h	65.560	+0.074%	$2.7M	$760K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0773%	1h	65.573	+0.094%	$1.0M	$939K	25x	as long as short