Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0112%/8h= +12.3% APRpaid last 24h +0.024%

Price spread now: Nado against KuCoin+0.050%7-day average +0.034% · you sell dearer than you buy

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−$250.254% of the position

Long on KuCoin Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.050%+$5 on $10k

Price spread, last 7 days−0.025%−$3 · spread now +0.050%, 7d avg +0.034%

Together, before fees+0.025%+ Points / potential airdropNado: Active · farm board+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.034%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XAGUSDTM	66.310	0.0100	pay 0.0050% / 4h	1h 21m	$24.5M	$4.5M	75x
Short	Nado XAG-PERP	66.343	0.0212	get 0.0027% / 1h	21m 53s	$1.3M	$6.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against KuCoin. 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 KuCoinbpFee NadobpOrdersPrice spread, now +0.050%Rate

Funding earned: $23.54
Price spread: +0.050% → +0.034%: $1.57
Slippage, 4 orders: −$6.38
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$0.27
Costs to cover: 0.254%
Break-even: 7.1 days

Slippage from KuCoin: live order book, 7 min ago; Nado: live order book, 2 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 KuCoin live order book, 7 min ago	0.75 bp	8.5 bp −$9	18.9 bp −$189	doesn't fit	doesn't fit
Sell Nado live order book, 2 min ago	0.08 bp	4.3 bp −$4	9.3 bp −$93	35.8 bp −$3,581	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	66.329	+0.029%	$15K	—	5x	as long as short
Hotstuff SILVER-PERP	0.0000%	1h	66.338	+0.042%	$35K	$21K	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.370	+0.090%	$150.3M	$164.4M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.340	+0.045%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.380	+0.106%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.350	+0.060%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.270	−0.060%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.330	+0.030%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.288	−0.032%	$5.3M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.136%	$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
StandX XAG-USD	+0.0040%	1h	66.290	−0.030%	$797K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.804	+0.745%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.329	+0.029%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.268	−0.063%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.230	−0.121%	$5.7M	$9.8M	25x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.350	+0.060%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0065%	24h	66.330	+0.030%	$537K	$24.6M	8.1x	as long as short
Phoenix SILVER	+0.0084%	1h	66.308	−0.003%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0097%	1h	66.314	+0.006%	$166.1M	$73.5M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.330	+0.030%	$472K	$610K	10x	as long as short
KuCoin XAGUSDTMlong	+0.0100%	4h	66.310	long leg	$24.5M	$4.5M	75x
ApeX Omni XAGUSDT	+0.0100%	1h	66.320	+0.015%	$113K	$30K	50x	as long as short
Paradex XAG-USD-PERP	+0.0133%	8h	66.373	+0.096%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0135%	4h	66.350	+0.060%	$2.7M	$877K	100x	as long as short
Bybit XAGUSDT	+0.0150%	4h	66.380	+0.106%	$26.9M	$36.1M	150x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.343	+0.049%	$48K	—	10x	as long as short
BloFin XAG-USDT	+0.0181%	4h	66.340	+0.045%	$2.6M	$553K	100x	as long as short
RISEx XAG/USDC	+0.0181%	1h	66.385	+0.113%	$1.3M	$4.5M	20x	as long as short
Variational Omni XAG	+0.0184%	4h	66.321	+0.017%	$5.6M	$9.8M	—	as long as short
Lighter XAG	+0.0192%	1h	66.333	+0.035%	$5.3M	$10.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.350	+0.060%	$1.9M	$995K	20x	as long as short
MEXC SILVER_USDT	+0.0194%	4h	66.350	+0.060%	$106.0M	$153.7M	1000x	as long as short
Binance XAGUSDT	+0.0196%	4h	66.364	+0.081%	$192.2M	$705.5M	100x	as long as short
Nado XAG-PERPshort	+0.0212%	1h	66.343	+0.050%	$1.3M	$6.6M	10x
edgeX XAGUSDC	+0.0215%	4h	66.339	+0.044%	$673K	$314K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0216%	8h	66.360	+0.075%	$27.7M	$65.9M	50x	as long as short
Aftermath Perps XAGUSD	+0.0232%	1h	66.307	−0.005%	$80K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0246%	4h	66.360	+0.075%	$23.8M	$45.8M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0268%	4h	66.347	+0.056%	$402K	$1.5M	25x	as long as short
Hibachi XAG/USDT-P	+0.0272%	1h	66.300	−0.015%	$20K	$19K	10x	as long as short
Bullet SILVER-USD	+0.0278%	1h	66.354	+0.067%	$46K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0352% / S −0.0374%	1h	66.345	+0.053%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0353%	1h	66.320	+0.015%	$50K	$322K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0549%	1h	66.322	+0.017%	$915K	$671K	25x	as long as short