Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0162%/8h= +17.7% APRpaid last 24h +0.029%

Price spread now: Nado against Variational Omni−0.041%7-day average −0.028% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.042%+$4 on $10k

Price spread, last 7 days+0.037%+$4 · spread now −0.041%, 7d avg −0.028%

Together, before fees+0.079%+ Points / potential airdropVariational Omni: Active · Nado: Active · farm board+$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.028%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XAG	66.457	0.0100	pay 0.0050% / 4h	24m 47s	$5.6M	$10.1M	—
Short	Nado XAG-PERP	66.430	0.0262	get 0.0033% / 1h	24m 47s	$1.3M	$6.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Variational Omni. 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 Variational OmnibpFee NadobpOrdersPrice spread, now −0.041%Rate

Funding earned: $34.01
Price spread: −0.041% → −0.028%: −$1.32
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $25.69
Costs to cover: 0.070%
Break-even: 1.7 days

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Nado: live order book, 4 min ago. Net counts fees only.

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 Variational Omni RFQ quote, 4 min ago	2.56 bp	doesn't fit	2.6 bp −$26	5.0 bp −$505	doesn't fit
Sell Nado live order book, 4 min ago	0.08 bp	4.5 bp −$5	8.9 bp −$89	35.6 bp −$3,562	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	66.372	−0.129%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.470	+0.019%	$26.2M	$34.3M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.470	+0.019%	$154.4M	$173.0M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.500	+0.064%	$2K	$3.0M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.510	+0.079%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.510	+0.079%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.422	−0.052%	$120K	—	250x	as long as short
Hotstuff SILVER-PERP	+0.0008%	1h	66.439	−0.028%	$35K	$21K	20x	as long as short
Lighter RH XAG	+0.0032%	1h	66.462	+0.007%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.412	−0.068%	$5.5M	$12.2M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.086%	$11K	$94K	52x	as long as short
Phoenix SILVER	+0.0036%	1h	66.409	−0.073%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	66.400	−0.086%	$795K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.923	+0.701%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.463	+0.008%	$3.9M	$699K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.412	−0.068%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.380	−0.116%	$5.7M	$10.0M	25x	as long as short
Kalshi KXSILVERPERP	+0.0060%	24h	66.427	−0.046%	$593K	$21.4M	8.1x	as long as short
QFEX SILVER-USD	+0.0061%	1h	66.470	+0.019%	$124K	$2.8M	20x	as long as short
BloFin XAG-USDT	+0.0072%	4h	66.490	+0.049%	$2.6M	$651K	100x	as long as short
tradeXYZ xyz:SILVER	+0.0076%	1h	66.444	−0.020%	$165.6M	$87.1M	25x	as long as short
Variational Omni XAGlong	+0.0100%	4h	66.457	long leg	$5.6M	$10.1M	—
Pacifica XAG	+0.0100%	1h	66.425	−0.049%	$480K	$618K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.430	−0.041%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.370	−0.131%	$126K	$26K	50x	as long as short
Paradex XAG-USD-PERP	+0.0110%	8h	66.473	+0.024%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0111%	4h	66.480	+0.034%	$2.8M	$1.1M	100x	as long as short
MEXC SILVER_USDT	+0.0118%	4h	66.470	+0.019%	$114.9M	$153.1M	1000x	as long as short
Aevo XAG-PERP	+0.0120%	1h	66.483	+0.038%	$48K	—	10x	as long as short
Binance XAGUSDT	+0.0120%	4h	66.480	+0.034%	$192.5M	$722.6M	100x	as long as short
Lighter XAG	+0.0128%	1h	66.470	+0.019%	$5.2M	$10.4M	25x	as long as short
edgeX XAGUSDC	+0.0129%	4h	66.383	−0.112%	$674K	$313K	30x	as long as short
Bitget XAGUSDT	+0.0142%	4h	66.490	+0.049%	$24.2M	$48.1M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0160%	1h	66.410	−0.071%	$1.9M	$853K	20x	as long as short
Aftermath Perps XAGUSD	+0.0166%	1h	66.383	−0.111%	$80K	$40K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0174%	4h	66.458	0.000%	$396K	$1.5M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0194%	8h	66.470	+0.019%	$27.9M	$66.6M	50x	as long as short
RISEx XAG/USDC	+0.0208%	1h	66.492	+0.052%	$1.3M	$4.2M	20x	as long as short
Bullet SILVER-USD	+0.0258%	1h	66.494	+0.055%	$45K	$76K	10x	as long as short
Nado XAG-PERPshort	+0.0262%	1h	66.430	−0.041%	$1.3M	$6.6M	10x
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.485	+0.042%	$103K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0296%	1h	66.410	−0.071%	$20K	$22K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0503%	1h	66.480	+0.034%	$50K	$369K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0596%	1h	66.438	−0.029%	$762K	$586K	25x	as long as short