Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0006%/8h= +0.7% APRpaid last 24h +0.029%

Price spread now: Nado against OKX−0.092%49s7-day average −0.028% · 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—prices read too far apart to compare

costs, in and out, $10k−$200.200% of the position

Long on OKX Short on Nado

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+0.064%+$6 · spread now −0.092%, 7d avg −0.028%

Together, before fees+0.103%+ Points / potential airdropNado: Active · farm board+$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.064% cheaper against OKX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.028%. 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	OKX XAG-USDT-SWAP	66.210	0.0140	pay 0.0140% / 8h	1h 47m	$27.2M	$67.5M	50x
Short	Nado XAG-PERP	66.149	0.0146	get 0.0018% / 1h	47m 46s	$1.3M	$6.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against OKX. 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 OKXbpFee NadobpOrdersPrice spread, now −0.092%Rate

Funding earned: $1.3
Price spread: −0.092% → −0.028%: −$6.42
Slippage, 4 orders: −$2.98
Fee OKX: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$25.1
Costs to cover: 0.200%
Break-even: 142.1 days

Slippage from OKX: live order book, 1 min ago; Nado: 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 OKX live order book, 1 min ago	0.75 bp	5.8 bp −$6	6.7 bp −$67	13.4 bp −$1,339	doesn't fit
Sell Nado live order book, 1 min ago	0.08 bp	4.2 bp −$4	8.9 bp −$89	doesn't fit	doesn't fit

XAG on 43 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
Kraken Futures PF_XAGUSD	−0.0272%	1h	66.168	−0.063%	$777K	$591K	25x	as long as short
Hotstuff SILVER-PERP	−0.0032%	1h	66.165	−0.068%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	66.121	−0.134%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.210	0.000%	$25.5M	$34.1M	150x	as long as short
RISEx XAG/USDC	0.0000%	1h	66.209	−0.002%	$1.3M	$4.2M	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.190	−0.030%	$146.4M	$171.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.190	−0.030%	$2K	$3.3M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.220	+0.015%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.210	0.000%	$1.5M	$247K	100x	as long as short
Bitget XAGUSDT	+0.0002%	4h	66.210	0.000%	$23.7M	$48.6M	100x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.131	−0.120%	$120K	—	10x	as long as short
Aster XAGUSDT	+0.0005%	4h	66.195	−0.023%	$2.8M	$1.1M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0008%	4h	66.209	−0.001%	$395K	$1.6M	25x	as long as short
QFEX SILVER-USD	+0.0016%	1h	66.190	−0.030%	$144K	$2.8M	20x	as long as short
Variational Omni XAG	+0.0031%	4h	66.189	−0.031%	$5.4M	$10.7M	—	as long as short
Lighter XAG	+0.0032%	1h	66.177	−0.051%	$5.2M	$10.7M	25x	as long as short
Lighter RH XAG	+0.0032%	1h	66.174	−0.054%	$4.5M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.147	−0.095%	$5.5M	$14.8M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.287%	$11K	$94K	52x	as long as short
MEXC SILVER_USDT	+0.0040%	4h	66.200	−0.015%	$116.6M	$181.1M	1000x	as long as short
StandX XAG-USD	+0.0040%	1h	66.160	−0.076%	$792K	$2.8M	40x	as long as short
Binance XAGUSDT	+0.0041%	4h	66.206	−0.006%	$189.3M	$761.0M	100x	as long as short
Vest SI-PERP	+0.0046%	1h	66.639	+0.648%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.156	−0.082%	$164.0M	$91.6M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.165	−0.068%	$3.9M	$715K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.131	−0.119%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.120	−0.136%	$5.6M	$9.9M	25x	as long as short
Kalshi KXSILVERPERP	+0.0054%	24h	66.149	−0.092%	$589K	$21.6M	8.1x	as long as short
Aevo XAG-PERP	+0.0056%	1h	66.188	−0.033%	$48K	—	10x	as long as short
edgeX XAGUSDC	+0.0056%	4h	66.191	−0.029%	$671K	$315K	30x	as long as short
BloFin XAG-USDT	+0.0068%	4h	66.180	−0.045%	$2.5M	$1.2M	100x	as long as short
Phoenix SILVER	+0.0073%	1h	66.124	−0.130%	$56K	$26K	25x	as long as short
Aftermath Perps XAGUSD	+0.0075%	1h	66.151	−0.089%	$80K	$40K	10x	as long as short
Paradex XAG-USD-PERP	+0.0090%	8h	66.186	−0.036%	$30K	$1K	5x	as long as short
Pacifica XAG	+0.0100%	1h	66.152	−0.088%	$474K	$641K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.170	−0.060%	$24.3M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.110	−0.151%	$113K	$77K	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	66.180	−0.045%	$1.9M	$886K	20x	as long as short
OKX XAG-USDT-SWAPlong	+0.0140%	8h	66.210	long leg	$27.2M	$67.5M	50x
Nado XAG-PERPshort	+0.0146%	1h	66.149	−0.092%	$1.3M	$6.5M	10x
Bullet SILVER-USD	+0.0168%	1h	66.205	−0.007%	$45K	$74K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0360% / S −0.0369%	1h	66.195	−0.023%	$103K	—	29x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0808%	1h	66.210	0.000%	$60K	$357K	20x	as long as short