Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h +0.056%

Price spread now: Nado against SunX−0.038%7-day average −0.049% · 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−$75as in the Price arb table

costs, in and out, $10k−$760.757% of the position

Long on SunX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.065%+$7 on $10k

Price spread, last 3 days (all we have)−0.102%−$10 · spread now −0.038%, 7d avg −0.049%

Together, before fees−0.037%+ Points / potential airdropNado: Active · farm board−$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XAG-USDT	66.100	0	get 0.0000% / 4h	2h 00m	$2K	$3.4M	20x
Short	Nado XAG-PERP	66.075	−0.0002	pay 0.0000% / 1h	0m 41s	$1.3M	$6.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against SunX. 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 SunXbpFee NadobpOrdersPrice spread, now −0.038%Rate

Funding earned: −$0.4
Price spread: −0.038% → −0.049%: $1.02
Slippage, 4 orders: −$60.71
Fee SunX: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$75.09
Costs to cover: 0.757%
Break-even: never at this rate

Slippage from SunX: live order book, 7 min ago; Nado: live order book, 3 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 SunX live order book, 7 min ago	29.54 bp	33.5 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 3 min ago	0.08 bp	4.6 bp −$5	10.0 bp −$100	doesn't fit	doesn't fit

XAG on 42 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
Hotstuff SILVER-PERP	−0.0040%	1h	66.019	−0.123%	$35K	$21K	20x	as long as short
Nado XAG-PERPshort	−0.0002%	1h	66.075	−0.038%	$1.3M	$6.5M	10x
dYdX XAG-USD	0.0000%	1h	66.057	−0.065%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.090	−0.015%	$25.5M	$35.7M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.090	−0.015%	$146.9M	$185.9M	100x	as long as short
GRVT XAG_USDT_Perp	0.0000%	4h	66.047	−0.081%	$392K	$1.6M	25x	as long as short
Bullet SILVER-USD	0.0000%	1h	66.095	−0.007%	$44K	$74K	10x	as long as short
SunX XAG-USDTlong	0.0000%	4h	66.100	long leg	$2K	$3.4M	20x
HTX XAG-USDT	0.0000%	4h	66.110	+0.015%	$1.0M	$1.2M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.110	+0.015%	$1.5M	$248K	100x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps XAGUSD	+0.0010%	1h	66.034	−0.099%	$79K	$40K	10x	as long as short
Bitget XAGUSDT	+0.0012%	4h	66.090	−0.015%	$23.6M	$51.7M	100x	as long as short
Aster XAGUSDT	+0.0012%	4h	66.051	−0.073%	$2.8M	$1.1M	100x	as long as short
Lighter XAG	+0.0032%	1h	66.064	−0.054%	$5.1M	$11.5M	25x	as long as short
Lighter RH XAG	+0.0032%	1h	66.064	−0.055%	$4.4M	$10.0M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.029	−0.107%	$5.3M	$14.7M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.454%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.030	−0.106%	$790K	$2.8M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.583	+0.731%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.031	−0.104%	$163.7M	$95.7M	25x	as long as short
MEXC SILVER_USDT	+0.0050%	4h	66.080	−0.030%	$122.1M	$192.8M	1000x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.031	−0.104%	$3.9M	$742K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.015	−0.129%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.030	−0.106%	$5.4M	$9.7M	25x	as long as short
Binance XAGUSDT	+0.0052%	4h	66.107	+0.011%	$190.2M	$783.5M	100x	as long as short
edgeX XAGUSDC	+0.0052%	4h	66.085	−0.023%	$670K	$315K	30x	as long as short
Kalshi KXSILVERPERP	+0.0055%	24h	66.050	−0.076%	$637K	$21.7M	8.1x	as long as short
Variational Omni XAG	+0.0057%	4h	66.002	−0.148%	$5.3M	$11.3M	—	as long as short
BloFin XAG-USDT	+0.0058%	4h	66.050	−0.076%	$2.6M	$1.2M	100x	as long as short
Aevo XAG-PERP	+0.0064%	1h	66.068	−0.049%	$47K	—	10x	as long as short
Phoenix SILVER	+0.0073%	1h	66.019	−0.123%	$56K	$26K	25x	as long as short
QFEX SILVER-USD	+0.0080%	1h	66.060	−0.061%	$143K	$2.8M	20x	as long as short
Paradex XAG-USD-PERP	+0.0098%	8h	66.086	−0.021%	$30K	$1K	5x	as long as short
Pacifica XAG	+0.0100%	1h	66.047	−0.080%	$472K	$645K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.050	−0.076%	$24.2M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.030	−0.106%	$112K	$85K	50x	as long as short
OKX XAG-USDT-SWAP	+0.0141%	8h	66.110	+0.015%	$27.4M	$69.8M	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.060	−0.061%	$1.9M	$1.2M	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0359% / S −0.0369%	1h	66.105	+0.008%	$103K	—	29x	as long as short
RISEx XAG/USDC	+0.0432%	1h	66.105	+0.007%	$1.3M	$4.3M	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0507%	1h	66.100	0.000%	$76K	$347K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0614%	1h	66.080	−0.030%	$776K	$610K	25x	as long as short