Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0156%/8h= −17.0% APRpaid last 24h −0.025%

Price spread now: MEXC against Nado+0.058%7-day average +0.021% · 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−$6as in the Price arb table

costs, in and out, $10k−$100.098% of the position

Long on Nado Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.038%−$4 on $10k

Price spread, last 7 days−0.035%−$4 · spread now +0.058%, 7d avg +0.021%

Together, before fees−0.074%+ Points / potential airdropNado: Active · farm board−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.036% dearer against Nado than usual: you sell high and buy low (spread +0.058% now, against its 7-day average of +0.021%): +$4 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 19 hours. At the pace of the last 3 days (−0.038% in total) that is about 3.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado XAG-PERP	66.392	0.0256	pay 0.0032% / 1h	44m 16s	$1.3M	$6.5M	10x
Short	MEXC SILVER_USDT	66.430	0.0100	get 0.0050% / 4h	44m 16s	$114.3M	$152.9M	1000x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.058%Rate

Funding earned: −$32.69
Price spread: +0.058% → +0.021%: $3.64
Slippage, 4 orders: −$2.78
Fee Nado: 3.5 bp × 2 orders: −$7
Fee MEXC: 0 bp × 2 orders: $0
Net: −$38.83
Costs to cover: 0.098%
Break-even: never at this rate

Slippage from Nado: live order book, 5 min ago; MEXC: live order book, 5 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, 5 min ago	0.08 bp	3.6 bp −$4	6.5 bp −$65	39.5 bp −$3,946	doesn't fit
Sell MEXC live order book, 5 min ago	0.75 bp	0.8 bp −$1	0.8 bp −$8	0.8 bp −$75	3.4 bp −$1,688

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	66.370	−0.034%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.460	+0.103%	$25.7M	$33.4M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.440	+0.073%	$147.4M	$169.8M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.450	+0.088%	$2K	$3.1M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.470	+0.118%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.450	+0.088%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.380	−0.017%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.433	+0.062%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.381	−0.016%	$5.5M	$12.3M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.012%	$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
Phoenix SILVER	+0.0036%	1h	66.397	+0.008%	$56K	$26K	25x	as long as short
Hotstuff SILVER-PERP	+0.0040%	1h	66.374	−0.027%	$35K	$21K	20x	as long as short
StandX XAG-USD	+0.0040%	1h	66.380	−0.018%	$794K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.878	+0.732%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.410	+0.027%	$3.9M	$699K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.382	−0.015%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.320	−0.108%	$5.7M	$10.0M	25x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.385	−0.010%	$589K	$21.3M	8.1x	as long as short
QFEX SILVER-USD	+0.0061%	1h	66.430	+0.058%	$124K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0068%	1h	66.409	+0.026%	$165.5M	$87.5M	25x	as long as short
Variational Omni XAG	+0.0088%	4h	66.467	+0.113%	$5.6M	$10.3M	—	as long as short
Aster XAGUSDT	+0.0089%	4h	66.420	+0.043%	$2.8M	$1.1M	100x	as long as short
Pacifica XAG	+0.0100%	1h	66.354	−0.057%	$475K	$625K	10x	as long as short
MEXC SILVER_USDTshort	+0.0100%	4h	66.430	+0.058%	$114.3M	$152.9M	1000x
KuCoin XAGUSDTM	+0.0100%	4h	66.390	−0.003%	$24.4M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.400	+0.012%	$126K	$26K	50x	as long as short
Binance XAGUSDT	+0.0100%	4h	66.450	+0.088%	$191.6M	$723.0M	100x	as long as short
Paradex XAG-USD-PERP	+0.0104%	8h	66.397	+0.008%	$30K	$1K	5x	as long as short
Aevo XAG-PERP	+0.0104%	1h	66.439	+0.072%	$48K	—	10x	as long as short
edgeX XAGUSDC	+0.0110%	4h	66.444	+0.079%	$674K	$315K	30x	as long as short
Lighter XAG	+0.0112%	1h	66.433	+0.062%	$5.2M	$10.3M	25x	as long as short
Bitget XAGUSDT	+0.0116%	4h	66.460	+0.103%	$24.2M	$48.0M	100x	as long as short
BloFin XAG-USDT	+0.0133%	4h	66.410	+0.027%	$2.6M	$650K	100x	as long as short
Aftermath Perps XAGUSD	+0.0147%	1h	66.417	+0.038%	$80K	$40K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0152%	4h	66.460	+0.103%	$395K	$1.4M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0160%	1h	66.460	+0.103%	$1.9M	$848K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0189%	8h	66.450	+0.088%	$27.6M	$66.3M	50x	as long as short
RISEx XAG/USDC	+0.0208%	1h	66.424	+0.049%	$1.3M	$4.2M	20x	as long as short
Bullet SILVER-USD	+0.0243%	1h	66.446	+0.082%	$46K	$75K	10x	as long as short
Nado XAG-PERPlong	+0.0256%	1h	66.392	long leg	$1.3M	$6.5M	10x
GMX SILVER/USD [ETH-USDC]	L +0.0258% / S −0.0231%	1h	66.445	+0.080%	$103K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0296%	1h	66.409	+0.026%	$20K	$22K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0352%	1h	66.430	+0.058%	$50K	$360K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0596%	1h	66.405	+0.019%	$767K	$569K	25x	as long as short