Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0124%/8h= −13.5% APRpaid last 24h −0.024%

Price spread now: KuCoin against Nado+0.038%51s7-day average −0.034% · 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−$250.253% of the position

Long on Nado Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.050%−$5 on $10k

Price spread, last 7 days−0.062%−$6 · spread now +0.038%, 7d avg −0.034%

Together, before fees−0.113%+ Points / potential airdropNado: Active · farm board−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.072% dearer against Nado than usual: you sell high and buy low (spread +0.038% now, against its 7-day average of −0.034%): +$7 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 46 hours. At the pace of the last 3 days (−0.050% in total) that is about 4.7 days. The two prices were read 51 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	66.085	0.0224	pay 0.0028% / 1h	2m 39s	$1.3M	$6.5M	10x
Short	KuCoin XAGUSDTM	66.110	0.0100	get 0.0050% / 4h	1h 02m	$24.5M	$4.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.038%Rate

Funding earned: −$25.98
Price spread: +0.038% → −0.034%: $7.18
Slippage, 4 orders: −$6.27
Fee Nado: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$44.07
Costs to cover: 0.253%
Break-even: never at this rate

Slippage from Nado: live order book, 1 min ago; KuCoin: live order book, 6 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	0.08 bp	4.3 bp −$4	8.2 bp −$82	28.9 bp −$2,890	doesn't fit
Sell KuCoin live order book, 6 min ago	0.76 bp	8.2 bp −$8	14.8 bp −$148	doesn't fit	doesn't fit

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	66.087	+0.003%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.160	+0.113%	$149.8M	$165.2M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.160	+0.113%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.190	+0.159%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.170	+0.128%	$1.5M	$255K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.090	+0.007%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.133	+0.072%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.079	−0.009%	$5.2M	$12.0M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.476%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.100	+0.022%	$795K	$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
Ondo Perps XAG-USD.P	+0.0042%	1h	66.020	−0.099%	$5.7M	$9.7M	25x	as long as short
Vest SI-PERP	+0.0046%	1h	66.580	+0.749%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.110	+0.038%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.085	0.000%	$3K	$6K	20x	as long as short
Hotstuff SILVER-PERP	+0.0056%	1h	66.100	+0.022%	$35K	$21K	20x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.140	+0.083%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0066%	24h	66.101	+0.024%	$544K	$24.8M	8.1x	as long as short
Phoenix SILVER	+0.0084%	1h	66.097	+0.018%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0093%	1h	66.108	+0.035%	$165.3M	$73.9M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.090	+0.007%	$470K	$612K	10x	as long as short
KuCoin XAGUSDTMshort	+0.0100%	4h	66.110	+0.038%	$24.5M	$4.5M	75x
ApeX Omni XAGUSDT	+0.0100%	1h	66.120	+0.053%	$113K	$30K	50x	as long as short
Aster XAGUSDT	+0.0122%	4h	66.120	+0.053%	$2.7M	$878K	100x	as long as short
Paradex XAG-USD-PERP	+0.0128%	8h	66.137	+0.078%	$30K	$1K	5x	as long as short
Bybit XAGUSDT	+0.0134%	4h	66.160	+0.113%	$26.9M	$36.0M	150x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.148	+0.094%	$47K	—	10x	as long as short
Variational Omni XAG	+0.0178%	4h	66.142	+0.086%	$5.6M	$9.8M	—	as long as short
RISEx XAG/USDC	+0.0181%	1h	66.149	+0.097%	$1.3M	$4.4M	20x	as long as short
Lighter XAG	+0.0184%	1h	66.125	+0.060%	$5.2M	$10.6M	25x	as long as short
MEXC SILVER_USDT	+0.0188%	4h	66.140	+0.083%	$106.7M	$154.2M	1000x	as long as short
Binance XAGUSDT	+0.0191%	4h	66.144	+0.090%	$192.2M	$704.6M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.180	+0.143%	$1.8M	$1.0M	20x	as long as short
edgeX XAGUSDC	+0.0198%	4h	66.162	+0.117%	$671K	$315K	30x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0204%	1h	66.130	+0.068%	$63K	$337K	20x	as long as short
BloFin XAG-USDT	+0.0207%	4h	66.160	+0.113%	$2.6M	$551K	100x	as long as short
OKX XAG-USDT-SWAP	+0.0216%	8h	66.140	+0.083%	$27.7M	$65.8M	50x	as long as short
Nado XAG-PERPlong	+0.0224%	1h	66.085	long leg	$1.3M	$6.5M	10x
Aftermath Perps XAGUSD	+0.0230%	1h	66.129	+0.066%	$80K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0238%	4h	66.160	+0.113%	$23.8M	$45.6M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0254%	4h	66.140	+0.083%	$396K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0272%	1h	66.161	+0.115%	$45K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0296%	1h	66.066	−0.029%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0361% / S −0.0389%	1h	66.165	+0.121%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0551%	1h	66.117	+0.048%	$912K	$674K	25x	as long as short