Settings8H · net · $10k
Funding arb · Price arb /

XAG

RWAall XAG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.022%
Price spread now: Nado against ApeX Omni+0.069%61s7-day average −0.025% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$490.485% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.018%−$2 on $10k
Price spread, last 4 days (all we have)−0.109%−$11 · spread now +0.069%, 7d avg −0.025%
Together, before fees−0.127%+ Points / potential airdropNado: Active · farm board−$13 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Nado is 0.094% dearer against ApeX Omni than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.025%. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni XAGUSDT65.2600.0100pay 0.0013% / 1h57m 33s$112K$19K50x
ShortNado XAG-PERP65.3050.0167get 0.0021% / 1h57m 33s$1.2M$5.1M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against ApeX 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

Funding earned
$14.04
Price spread: +0.069% → −0.025%
$9.4
Slippage, 4 orders
−$31.54
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$25.1
Costs to cover
0.485%
Break-even
19.5 days
Slippage from ApeX Omni: live order book, 43 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
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 43 min ago8.41 bp22.6 bp −$2364.1 bp −$641doesn't fitdoesn't fit
Sell Nado live order book, 1 min ago0.08 bp5.1 bp −$59.3 bp −$9343.5 bp −$4,352doesn't fit

XAG on 44 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX XAG-USD0.0000%1h65.293+0.051%$12K$5K5xas long as short
Bybit XAGUSDT0.0000%4h65.390+0.199%$27.8M$39.6M150xas long as short
SunX XAG-USDT0.0000%4h65.370+0.169%$2K$2.6M20xas long as short
HTX XAG-USDT0.0000%4h65.420+0.245%$1.1M$1.3M75xas long as short
Phemex XAGUSDT0.0000%4h65.380+0.184%$1.5M$281K100xas long as short
gTrade (Gains Network) XAG/USDL +0.0004% / S −0.0006%1h65.310+0.076%$118K250xas long as short
Ondo Perps XAG-USD.P+0.0009%1h65.270+0.015%$5.6M$9.7M25xas long as short
Hotstuff SILVER-PERP+0.0024%1h65.360+0.153%$35K$21K20xas long as short
Variational Omni XAG+0.0030%4h65.314+0.082%$5.5M$9.2Mas long as short
Lighter RH XAG+0.0032%1h65.387+0.195%$4.6M$9.7M25xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended XAG-USD+0.0032%1h65.319+0.090%$5.1M$11.6M10xas long as short
Injective XAG/USDC PERP+0.0033%1h66.400+1.747%$11K$94K52xas long as short
Gate XAG_USDT+0.0034%4h65.410+0.230%$141.4M$176.1M100xas long as short
StandX XAG-USD+0.0040%1h65.330+0.107%$786K$2.9M40xas long as short
Aster XAGUSDT+0.0042%4h65.380+0.184%$2.7M$958K100xas long as short
QFEX SILVER-USD+0.0044%1h65.390+0.199%$152K$1.4M20xas long as short
Vest SI-PERP+0.0046%1h65.764+0.772%25xas long as short
Polymarket Perps SILVER-USD+0.0050%1h65.351+0.139%$3.8M$856K20xas long as short
SoDEX SILVER-USD+0.0050%1h65.303+0.066%$3K$6K20xas long as short
Paradex XAG-USD-PERP+0.0053%8h65.369+0.167%$29K$1K5xas long as short
MEXC SILVER_USDT+0.0054%4h65.380+0.184%$116.9M$155.9M1000xas long as short
Binance XAGUSDT+0.0055%4h65.390+0.199%$191.6M$762.9M100xas long as short
Phoenix SILVER+0.0061%1h65.274+0.021%$56K$30K25xas long as short
edgeX XAGUSDC+0.0066%4h65.316+0.085%$665K$315K30xas long as short
tradeXYZ xyz:SILVER+0.0071%1h65.338+0.120%$170.6M$83.2M25xas long as short
Aevo XAG-PERP+0.0072%1h65.365+0.162%$47K10xas long as short
Kalshi KXSILVERPERP+0.0079%24h65.347+0.133%$483K$31.5M8.1xas long as short
Coinbase International SILVER-PERP-INTX+0.0096%1h65.230−0.046%$1.6M$1.4M20xas long as short
Pacifica XAG+0.0100%1h65.320+0.092%$469K$621K10xas long as short
KuCoin XAGUSDTM+0.0100%4h65.330+0.107%$25.3M$5.0M75xas long as short
ApeX Omni XAGUSDTlong+0.0100%1h65.260long leg$112K$19K50x
RISEx XAG/USDC+0.0118%1h65.382+0.187%$1.2M$4.9M20xas long as short
GRVT XAG_USDT_Perp+0.0142%4h65.325+0.099%$391K$1.6M25xas long as short
Lighter XAG+0.0144%1h65.373+0.173%$5.3M$11.1M25xas long as short
Hibachi XAG/USDT-P+0.0152%1h65.288+0.043%$20K$18K10xas long as short
Nado XAG-PERPshort+0.0167%1h65.305+0.069%$1.2M$5.1M10x
Bitget XAGUSDT+0.0170%4h65.390+0.199%$23.7M$45.8M100xas long as short
OKX XAG-USDT-SWAP+0.0182%8h65.370+0.169%$28.2M$70.9M50xas long as short
Deribit SILVER_USDC-PERPETUAL+0.0209%1h65.350+0.138%$66K$385K20xas long as short
Aftermath Perps XAGUSD+0.0215%1h65.301+0.063%$78K$37K10xas long as short
BloFin XAG-USDT+0.0222%4h65.310+0.077%$2.6M$598K100xas long as short
GMX SILVER/USD [ETH-USDC]L +0.0238% / S −0.0196%1h65.375+0.176%$93K111xas long as short
Bullet SILVER-USD+0.0248%1h65.372+0.172%$44K$75K10xas long as short
Kraken Futures PF_XAGUSD+0.0363%1h65.342+0.125%$1.0M$875K25xas long as short