Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0056%/8h= −6.2% APRpaid last 24h −0.012%

Price spread now: Nado against Bitget−0.061%7-day average −0.038% · 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−$24as in the Price arb table

costs, in and out, $10k−$220.219% of the position

Long on Bitget Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.001%$0 on $10k

Price spread, last 7 days+0.010%+$1 · spread now −0.061%, 7d avg −0.038%

Together, before fees+0.009%+ Points / potential airdropNado: Active · farm board+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Nado is 0.023% cheaper against Bitget than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.038%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XAGUSDT	66.170	0.0218	pay 0.0109% / 4h	2h 45m	$24.0M	$44.8M	100x
Short	Nado XAG-PERP	66.130	0.0162	get 0.0020% / 1h	45m 28s	$1.4M	$5.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Bitget. 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 BitgetbpFee NadobpOrdersPrice spread, now −0.061%Rate

Funding earned: −$11.81
Price spread: −0.061% → −0.038%: −$2.31
Slippage, 4 orders: −$2.87
Fee Bitget: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$35.99
Costs to cover: 0.219%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; Nado: live order book, 4 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 Bitget live order book, 4 min ago	0.76 bp	6.8 bp −$7	8.8 bp −$88	17.0 bp −$1,702	48.4 bp −$24.2K
Sell Nado live order book, 4 min ago	0.08 bp	4.3 bp −$4	8.6 bp −$86	35.5 bp −$3,546	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
Ondo Perps XAG-USD.P	−0.0034%	1h	66.040	−0.196%	$5.7M	$9.3M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	66.104	−0.100%	$14K	$66	5x	as long as short
SunX XAG-USDT	0.0000%	4h	66.140	−0.045%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.200	+0.045%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.140	−0.045%	$1.5M	$257K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.109	−0.092%	$121K	—	250x	as long as short
RISEx XAG/USDC	+0.0030%	1h	66.171	+0.001%	$1.3M	$4.9M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	66.152	−0.028%	$4.8M	$9.3M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.108	−0.094%	$5.2M	$11.4M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.348%	$11K	$94K	52x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix SILVER	+0.0036%	1h	66.100	−0.106%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	66.140	−0.045%	$796K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.589	+0.633%	—	—	25x	as long as short
Gate XAG_USDT	+0.0046%	4h	66.180	+0.015%	$149.9M	$154.0M	100x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.131	−0.059%	$3.9M	$676K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.072	−0.148%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.150	−0.030%	$114K	$2.7M	20x	as long as short
Paradex XAG-USD-PERP	+0.0054%	8h	66.142	−0.042%	$30K	$1K	5x	as long as short
tradeXYZ xyz:SILVER	+0.0066%	1h	66.129	−0.062%	$166.6M	$73.9M	25x	as long as short
Bybit XAGUSDT	+0.0068%	4h	66.180	+0.015%	$27.8M	$36.2M	150x	as long as short
Kalshi KXSILVERPERP	+0.0075%	24h	66.112	−0.088%	$519K	$26.7M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	66.104	−0.099%	$471K	$607K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.130	−0.060%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.100	−0.106%	$113K	$30K	50x	as long as short
BloFin XAG-USDT	+0.0103%	4h	66.130	−0.060%	$2.6M	$571K	100x	as long as short
Aster XAGUSDT	+0.0106%	4h	66.160	−0.015%	$2.7M	$873K	100x	as long as short
Lighter XAG	+0.0136%	1h	66.155	−0.022%	$5.3M	$10.6M	25x	as long as short
Variational Omni XAG	+0.0144%	4h	66.123	−0.070%	$5.7M	$9.5M	—	as long as short
Aevo XAG-PERP	+0.0152%	1h	66.130	−0.060%	$47K	—	10x	as long as short
Binance XAGUSDT	+0.0157%	4h	66.160	−0.015%	$191.2M	$703.1M	100x	as long as short
MEXC SILVER_USDT	+0.0158%	4h	66.150	−0.030%	$116.5M	$151.8M	1000x	as long as short
Nado XAG-PERPshort	+0.0162%	1h	66.130	−0.061%	$1.4M	$5.5M	10x
edgeX XAGUSDC	+0.0167%	4h	66.132	−0.057%	$671K	$312K	30x	as long as short
Hotstuff SILVER-PERP	+0.0168%	1h	66.132	−0.057%	$35K	$21K	20x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.980	−0.287%	$1.8M	$1.0M	20x	as long as short
Aftermath Perps XAGUSD	+0.0194%	1h	66.101	−0.104%	$80K	$36K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0196%	4h	66.160	−0.015%	$389K	$1.5M	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0204%	1h	66.120	−0.076%	$74K	$364K	20x	as long as short
Bitget XAGUSDTlong	+0.0218%	4h	66.170	long leg	$24.0M	$44.8M	100x
OKX XAG-USDT-SWAP	+0.0219%	8h	66.160	−0.015%	$27.8M	$64.6M	50x	as long as short
Bullet SILVER-USD	+0.0223%	1h	66.166	−0.006%	$43K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0320%	1h	66.091	−0.119%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0388% / S −0.0443%	1h	66.135	−0.053%	$106K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0466%	1h	66.110	−0.091%	$909K	$688K	25x	as long as short