Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0019%/8h= −2.1% APRpaid last 24h −0.019%

Price spread now: edgeX against Nado−0.008%7-day average +0.033% · 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−$26as in the Price arb table

costs, in and out, $10k−$210.214% of the position

Long on Nado Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.030%−$3 on $10k

Price spread, last 4 days (all we have)+0.112%+$11 · spread now −0.008%, 7d avg +0.033%

Together, before fees+0.082%+ Points / potential airdropNado: Active · edgeX: Active · farm board+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and edgeX is 0.042% cheaper against Nado than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.033%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado XAG-PERP	66.279	0.0217	pay 0.0027% / 1h	30m 52s	$1.3M	$6.5M	10x
Short	edgeX XAGUSDC	66.273	0.0198	get 0.0099% / 4h	1h 30m	$672K	$315K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.008%Rate

Funding earned: −$4.05
Price spread: −0.008% → +0.033%: −$4.15
Slippage, 4 orders: −$5.37
Fee Nado: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$29.58
Costs to cover: 0.214%
Break-even: never at this rate

Slippage from Nado: live order book, 3 min ago; edgeX: live order book, 33 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, 3 min ago	0.08 bp	4.3 bp −$4	9.4 bp −$94	30.0 bp −$3,000	doesn't fit
Sell edgeX live order book, 33 min ago	2.26 bp	6.8 bp −$7	6.8 bp −$68	9.2 bp −$917	21.2 bp −$10.6K

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	66.218	−0.092%	$15K	—	5x	as long as short
Hotstuff SILVER-PERP	0.0000%	1h	66.301	+0.034%	$35K	$21K	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.360	+0.123%	$150.5M	$163.8M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.320	+0.062%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.360	+0.123%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.350	+0.108%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.260	−0.028%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.312	+0.050%	$4.8M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.270	−0.013%	$5.3M	$12.2M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.183%	$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	66.220	−0.089%	$796K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.748	+0.708%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.296	+0.026%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.266	−0.019%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.230	−0.074%	$5.7M	$9.8M	25x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.320	+0.062%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0064%	24h	66.282	+0.005%	$571K	$24.5M	8.1x	as long as short
Phoenix SILVER	+0.0084%	1h	66.244	−0.052%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0094%	1h	66.302	+0.035%	$166.0M	$74.1M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.276	−0.004%	$471K	$607K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.290	+0.017%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.210	−0.104%	$113K	$30K	50x	as long as short
Paradex XAG-USD-PERP	+0.0135%	8h	66.325	+0.069%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0135%	4h	66.340	+0.092%	$2.7M	$877K	100x	as long as short
BloFin XAG-USDT	+0.0149%	4h	66.300	+0.032%	$2.6M	$553K	100x	as long as short
Bybit XAGUSDT	+0.0166%	4h	66.370	+0.138%	$26.9M	$36.2M	150x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.330	+0.077%	$48K	—	10x	as long as short
Variational Omni XAG	+0.0179%	4h	66.321	+0.064%	$5.6M	$9.8M	—	as long as short
RISEx XAG/USDC	+0.0181%	1h	66.331	+0.079%	$1.3M	$4.5M	20x	as long as short
Lighter XAG	+0.0184%	1h	66.328	+0.075%	$5.3M	$10.5M	25x	as long as short
MEXC SILVER_USDT	+0.0192%	4h	66.330	+0.077%	$111.2M	$152.2M	1000x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.250	−0.043%	$1.9M	$980K	20x	as long as short
Binance XAGUSDT	+0.0193%	4h	66.358	+0.119%	$192.3M	$707.0M	100x	as long as short
edgeX XAGUSDCshort	+0.0198%	4h	66.273	−0.008%	$672K	$315K	30x
OKX XAG-USDT-SWAP	+0.0216%	8h	66.350	+0.108%	$27.8M	$65.9M	50x	as long as short
Nado XAG-PERPlong	+0.0217%	1h	66.279	long leg	$1.3M	$6.5M	10x
Aftermath Perps XAGUSD	+0.0235%	1h	66.221	−0.088%	$80K	$38K	10x	as long as short
Bitget XAGUSDT	+0.0248%	4h	66.360	+0.123%	$23.8M	$45.9M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0264%	4h	66.280	+0.002%	$402K	$1.5M	25x	as long as short
Hibachi XAG/USDT-P	+0.0264%	1h	66.224	−0.082%	$20K	$22K	10x	as long as short
Bullet SILVER-USD	+0.0279%	1h	66.340	+0.092%	$45K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0348% / S −0.0368%	1h	66.335	+0.085%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0504%	1h	66.330	+0.077%	$50K	$322K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0549%	1h	66.303	+0.037%	$916K	$675K	25x	as long as short