Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0181%/8h= +19.8% APRpaid last 24h +0.045%

Price spread now: Nado against Gate−0.102%7-day average −0.052% · 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−$31as in the Price arb table

costs, in and out, $10k−$260.263% of the position

Long on Gate Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.087%+$9 on $10k

Price spread, last 7 days+0.044%+$4 · spread now −0.102%, 7d avg −0.052%

Together, before fees+0.131%+ Points / potential airdropNado: Active · farm board+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.050% cheaper against Gate than usual: you would sell low and buy high (spread −0.102% now, against its 7-day average of −0.052%). If the spread goes back, that is −$5 on $10k: about 22 hours of funding at the current rate (+$5 a day). At the pace of the last 4 days (+0.087% in total) that is about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XAG_USDT	65.380	0	get 0.0000% / 4h	2h 16m	$139.3M	$200.0M	100x
Short	Nado XAG-PERP	65.314	0.0181	get 0.0023% / 1h	16m 15s	$1.2M	$3.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GatebpFee NadobpOrdersPrice spread, now −0.102%Rate

Funding earned: $38.03
Price spread: −0.102% → −0.052%: −$5
Slippage, 4 orders: −$4.31
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $6.73
Costs to cover: 0.263%
Break-even: 5.8 days

Slippage from Gate: live order book, 6 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 6 min ago	0.76 bp	8.4 bp −$8	9.7 bp −$97	12.4 bp −$1,245	15.9 bp −$7,969
Sell Nado live order book, 1 min ago	0.08 bp	5.0 bp −$5	8.9 bp −$89	34.7 bp −$3,473	doesn't fit

XAG on 44 exchanges

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
Injective XAG/USDC PERP	−0.0220%	1h	64.602	−1.190%	$11K	$240	52x	as long as short
Ondo Perps XAG-USD.P	−0.0003%	1h	65.240	−0.214%	$5.7M	$10.4M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.257	−0.189%	$12K	$6K	5x	as long as short
Gate XAG_USDTlong	0.0000%	4h	65.380	long leg	$139.3M	$200.0M	100x
SunX XAG-USDT	0.0000%	4h	65.360	−0.031%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.410	+0.046%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.390	+0.015%	$1.5M	$252K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.302	−0.119%	$118K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.389	+0.014%	$4.5M	$9.7M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.301	−0.121%	$5.1M	$11.6M	10x	as long as short

Show all 44 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	65.330	−0.076%	$786K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.775	+0.604%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.333	−0.072%	$3.8M	$892K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.300	−0.122%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0058%	8h	65.327	−0.081%	$29K	$166	5x	as long as short
QFEX SILVER-USD	+0.0062%	1h	65.330	−0.076%	$444K	$1.4M	20x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0088%	1h	65.330	−0.076%	$1.6M	$1.7M	20x	as long as short
Variational Omni XAG	+0.0094%	4h	65.332	−0.074%	$5.7M	$9.2M	—	as long as short
Kalshi KXSILVERPERP	+0.0096%	24h	65.374	−0.009%	$641K	$37.2M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	65.278	−0.157%	$465K	$574K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.320	−0.092%	$25.2M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.270	−0.168%	$111K	$19K	50x	as long as short
Phoenix SILVER	+0.0110%	1h	65.288	−0.141%	$55K	$13K	25x	as long as short
Hotstuff SILVER-PERP	+0.0112%	1h	65.289	−0.139%	$35K	$23K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0123%	1h	65.335	−0.069%	$174.1M	$93.0M	25x	as long as short
Aevo XAG-PERP	+0.0128%	1h	65.379	−0.001%	$47K	—	10x	as long as short
MEXC SILVER_USDT	+0.0130%	4h	65.360	−0.031%	$119.6M	$166.7M	1000x	as long as short
Binance XAGUSDT	+0.0130%	4h	65.376	−0.007%	$193.1M	$835.0M	100x	as long as short
edgeX XAGUSDC	+0.0134%	4h	65.334	−0.071%	$666K	$315K	30x	as long as short
Aster XAGUSDT	+0.0138%	4h	65.375	−0.008%	$2.7M	$1.1M	100x	as long as short
Nado XAG-PERPshort	+0.0181%	1h	65.314	−0.102%	$1.2M	$3.9M	10x
GRVT XAG_USDT_Perp	+0.0188%	4h	65.320	−0.092%	$394K	$1.6M	25x	as long as short
Lighter XAG	+0.0192%	1h	65.386	+0.009%	$5.1M	$11.7M	25x	as long as short
RISEx XAG/USDC	+0.0206%	1h	65.357	−0.035%	$1.2M	$4.9M	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.340	−0.061%	$77K	$411K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0214%	8h	65.370	−0.015%	$27.9M	$82.3M	50x	as long as short
Aftermath Perps XAGUSD	+0.0217%	1h	65.305	−0.115%	$78K	$37K	10x	as long as short
Bybit XAGUSDT	+0.0222%	4h	65.380	0.000%	$30.4M	$46.8M	150x	as long as short
Bitget XAGUSDT	+0.0246%	4h	65.370	−0.015%	$23.1M	$50.3M	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0262% / S −0.0228%	1h	65.355	−0.038%	$93K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0272%	1h	65.270	−0.168%	$20K	$12K	10x	as long as short
Bullet SILVER-USD	+0.0277%	1h	65.374	−0.009%	$44K	$74K	10x	as long as short
BloFin XAG-USDT	+0.0370%	4h	65.310	−0.107%	$2.7M	$753K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0775%	1h	65.337	−0.066%	$1.0M	$937K	25x	as long as short