Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0181%/8h= −19.8% APRpaid last 24h −0.045%

Price spread now: Gate against Nado+0.055%50s7-day average +0.052% · 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−$260.264% of the position

Long on Nado Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.087%−$9 on $10k

Price spread, last 7 days+0.003%$0 · spread now +0.055%, 7d avg +0.052%

Together, before fees−0.084%+ Points / potential airdropNado: Active · farm board−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.052%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate. The two prices were read 50 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	65.304	0.0181	pay 0.0023% / 1h	18m 35s	$1.2M	$3.9M	10x
Short	Gate XAG_USDT	65.340	0	get 0.0000% / 4h	2h 18m	$139.2M	$199.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.055%Rate

Funding earned: −$38.03
Price spread: +0.055% → +0.052%: $0.31
Slippage, 4 orders: −$4.38
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$64.1
Costs to cover: 0.264%
Break-even: never at this rate

Slippage from Nado: live order book, 3 min ago; Gate: live order book, 4 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	4.6 bp −$5	8.5 bp −$85	31.6 bp −$3,160	doesn't fit
Sell Gate live order book, 4 min ago	0.76 bp	8.3 bp −$8	8.3 bp −$83	11.6 bp −$1,157	14.6 bp −$7,302

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
Injective XAG/USDC PERP	−0.0220%	1h	64.602	−1.075%	$11K	$240	52x	as long as short
Ondo Perps XAG-USD.P	−0.0004%	1h	65.220	−0.129%	$5.7M	$10.4M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.257	−0.073%	$12K	$6K	5x	as long as short
Gate XAG_USDTshort	0.0000%	4h	65.340	+0.055%	$139.2M	$199.8M	100x
SunX XAG-USDT	0.0000%	4h	65.360	+0.085%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.380	+0.116%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.360	+0.085%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.278	−0.041%	$118K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.309	+0.008%	$4.5M	$9.7M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.254	−0.077%	$5.1M	$11.6M	10x	as long as short

Show all 44 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	65.330	+0.039%	$786K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.762	+0.701%	—	—	25x	as long as short
Hotstuff SILVER-PERP	+0.0048%	1h	65.319	+0.023%	$36K	$23K	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.312	+0.012%	$3.8M	$890K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.281	−0.036%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0058%	8h	65.307	+0.004%	$29K	$166	5x	as long as short
QFEX SILVER-USD	+0.0062%	1h	65.320	+0.024%	$443K	$1.4M	20x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0088%	1h	65.300	−0.006%	$1.6M	$1.7M	20x	as long as short
Variational Omni XAG	+0.0094%	4h	65.332	+0.042%	$5.7M	$9.2M	—	as long as short
Kalshi KXSILVERPERP	+0.0096%	24h	65.332	+0.043%	$637K	$36.8M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	65.255	−0.075%	$464K	$574K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.290	−0.022%	$25.2M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.270	−0.052%	$111K	$19K	50x	as long as short
Phoenix SILVER	+0.0110%	1h	65.307	+0.004%	$55K	$13K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0123%	1h	65.285	−0.029%	$174.0M	$92.9M	25x	as long as short
MEXC SILVER_USDT	+0.0128%	4h	65.320	+0.024%	$119.6M	$166.7M	1000x	as long as short
Aevo XAG-PERP	+0.0128%	1h	65.330	+0.040%	$47K	—	10x	as long as short
Binance XAGUSDT	+0.0129%	4h	65.329	+0.038%	$192.9M	$836.5M	100x	as long as short
Aster XAGUSDT	+0.0137%	4h	65.329	+0.038%	$2.7M	$1.1M	100x	as long as short
edgeX XAGUSDC	+0.0138%	4h	65.348	+0.067%	$666K	$314K	30x	as long as short
Nado XAG-PERPlong	+0.0181%	1h	65.304	long leg	$1.2M	$3.9M	10x
GRVT XAG_USDT_Perp	+0.0190%	4h	65.335	+0.048%	$394K	$1.6M	25x	as long as short
Lighter XAG	+0.0200%	1h	65.319	+0.023%	$5.1M	$11.7M	25x	as long as short
RISEx XAG/USDC	+0.0206%	1h	65.334	+0.046%	$1.2M	$4.9M	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.320	+0.024%	$77K	$411K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0211%	8h	65.340	+0.055%	$27.9M	$82.2M	50x	as long as short
Bybit XAGUSDT	+0.0215%	4h	65.360	+0.085%	$30.4M	$46.8M	150x	as long as short
Aftermath Perps XAGUSD	+0.0216%	1h	65.314	+0.015%	$78K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0246%	4h	65.330	+0.039%	$23.1M	$50.2M	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0262% / S −0.0228%	1h	65.355	+0.078%	$93K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0272%	1h	65.280	−0.037%	$21K	$12K	10x	as long as short
Bullet SILVER-USD	+0.0276%	1h	65.353	+0.074%	$44K	$74K	10x	as long as short
BloFin XAG-USDT	+0.0368%	4h	65.360	+0.085%	$2.7M	$754K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0776%	1h	65.311	+0.010%	$1.0M	$936K	25x	as long as short