XAG

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PopdexXAGUSDT	60.477	+0.0048	pay 0.0006% / 1h	25m 34s	$486K	$321K	20x	Long Popdex
SHORT	Ondo PerpsXAG-USD.P	60.340	+0.0050	get 0.0006% / 1h	25m 34s	$5.0M	$2.4M	25x	Short Ondo Perps5% off

Price gap−0.227%

Funding gap+0.0002% /8h

Funding is ≈ 0 and the gap is 0.077% under its 7d average: the price leg works against you, −$8 on $10k if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$17+0.0002% /8h now · paid −0.174% over the last 7D

Price−$8spread −0.227% now, avg −0.150% → −0.077% if it goes back

Costs−$190.187% of $10k · taker + slippage, in and out

Result−$44−0.44%+ Points / potential airdropOndo Perps: points · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.227%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

XAG on 44 exchanges

lowest funding first

Before you open

4 ok · 2 to watch

OK: Fits both order books4.5 / 4.9 bp
Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
Note: Margin at max leverage$500 + $400
Popdex 20x, Ondo Perps 25x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval1h / 1h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: +$0.07Long Popdex: 24 payments, −$1.44; short Ondo Perps: 24 payments, +$1.51.
Watch: Gap narrower than usual−0.227% vs −0.150%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Long leg is thinner$486K vs $5.0M OI
Popdex sets your exit cost. Check its book before closing.
OK: Points on a legOndo Perps points
Volume here counts toward the points program.
OK: No KYC on either legPopdex No · Ondo Perps No
Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0089%/8h × 21 periods−$18.65

Price spread−0.227% → −0.150% (7d avg)−$7.66

Slippage, 4 orderslive order books−$7.33

Fee Popdex bp × 2 orders−$6.40

Fee Ondo Perps bp × 2 orders−$5.00

Net · 7 days · $10k−$45.05

Costs to cover0.187%Break-evennever at this rate

Slippage: Popdex: live order book, 15 min ago; Ondo Perps: live order book, 5 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGPopdex1.074.5 bp−$45.6 bp−$56doesn’t fitdoesn’t fit

SELL · SHORTOndo Perps0.834.9 bp−$55.0 bp−$5010.4 bp−$1,042doesn’t fit

Closing costs about the same again.

XAG news

posts that mention XAG or Silver, from every exchangeSearch all news →

09-30 18:40	Hotstuff	Listing	SILVER-PERP no longer reported ($XAG) seen by our collector
09-30 07:14	Aster	Listing	new market SIUSDT ($XAG) seen by our collector
09-30 03:46	Gate	Listing	new market SI_USDT ($XAG) seen by our collector
09-28 15:17	Ondo Perps	Product	Introducing spot trading for @Ondo Stocks. This brings the basis trade onto a single platform: 1. Buy Ondo Stocks 2. Deploy them as collateral 3. Short the corresponding perp to collect funding Because the spot holding doubles as long exposure and collateral, delta-neutral strategies become more capital efficient. Running both legs on a single platform also eliminates the risks of managing positions across separate platforms. Starting with 12 assets: ✅ Silver (SLVon) ✅ Gold (GLDon) ✅ Micron (MUon) ✅ Tesla (TSLAon) ✅ Circle (CRCLon) ✅ NVIDIA (NVDAon) ✅ SpaceX (SPCXon) ✅ Sandisk (SNDKon) ✅ Alphabet (GOOGLon) ✅ S&P 500 ETF (SPYon) ✅ Invesco QQQ (QQQon) ✅ Roundhill Memory ETF (DRAMon) ✅ & more to come For the first time, Ondo Stocks are available for permissionless trading (outside the US) on a spot central limit order book. Ondo Stocks opened access to tokenized equities, supporting them as collateral made those holdings productive, and now, spot trading on Ondo Perps brings the entire workflow to a single platform. Another step closer to onchain prime brokerage. To celebrate the launch, spot trading is fee-free for the first 30 days. Build a basis trade → @OndoPerps on X ↗
09-26 13:03	MEXC	Listing	new market SI_USDT ($XAG) seen by our collector
09-24 04:18	BingX	Listing	new market SI-USDT ($XAG) seen by our collector

XAG