Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0041%/8h= +4.4% APRpaid last 24h −0.028%

Price spread now: Bybit against Nado+0.102%7-day average +0.048% · 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−$17as in the Price arb table

costs, in and out, $10k−$220.222% of the position

Long on Nado Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.062%−$6 on $10k

Price spread, last 7 days−0.063%−$6 · spread now +0.102%, 7d avg +0.048%

Together, before fees−0.125%+ Points / potential airdropNado: Active · farm board−$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bybit is 0.054% dearer against Nado than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.048%. Mind the row above: over the last 4 days funding on this pair cost −0.062%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado XAG-PERP	65.314	0.0181	pay 0.0023% / 1h	16m 17s	$1.2M	$3.9M	10x
Short	Bybit XAGUSDT	65.380	0.0222	get 0.0111% / 4h	2h 16m	$30.4M	$46.8M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Nado. 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 NadobpFee BybitbpOrdersPrice spread, now +0.102%Rate

Funding earned: $8.52
Price spread: +0.102% → +0.048%: $5.37
Slippage, 4 orders: −$4.16
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$8.27
Costs to cover: 0.222%
Break-even: 13.8 days

Slippage from Nado: live order book, 1 min ago; Bybit: 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 Nado live order book, 1 min ago	0.08 bp	4.6 bp −$5	8.4 bp −$84	32.0 bp −$3,202	doesn't fit
Sell Bybit live order book, 1 min ago	0.76 bp	6.3 bp −$6	8.0 bp −$80	13.6 bp −$1,359	57.8 bp −$28.9K

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	−1.089%	$11K	$240	52x	as long as short
Ondo Perps XAG-USD.P	−0.0003%	1h	65.240	−0.113%	$5.7M	$10.4M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.257	−0.087%	$12K	$6K	5x	as long as short
Gate XAG_USDT	0.0000%	4h	65.380	+0.102%	$139.3M	$200.0M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.360	+0.071%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.410	+0.148%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.390	+0.117%	$1.5M	$252K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.302	−0.017%	$118K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.389	+0.116%	$4.5M	$9.7M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.301	−0.019%	$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	+0.025%	$786K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.775	+0.706%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.333	+0.030%	$3.8M	$892K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.300	−0.021%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0058%	8h	65.327	+0.021%	$29K	$166	5x	as long as short
QFEX SILVER-USD	+0.0062%	1h	65.330	+0.025%	$444K	$1.4M	20x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0088%	1h	65.330	+0.025%	$1.6M	$1.7M	20x	as long as short
Variational Omni XAG	+0.0094%	4h	65.332	+0.028%	$5.7M	$9.2M	—	as long as short
Kalshi KXSILVERPERP	+0.0096%	24h	65.374	+0.093%	$641K	$37.2M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	65.278	−0.055%	$465K	$574K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.320	+0.010%	$25.2M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.270	−0.067%	$111K	$19K	50x	as long as short
Phoenix SILVER	+0.0110%	1h	65.288	−0.039%	$55K	$13K	25x	as long as short
Hotstuff SILVER-PERP	+0.0112%	1h	65.289	−0.038%	$35K	$23K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0123%	1h	65.335	+0.033%	$174.1M	$93.0M	25x	as long as short
Aevo XAG-PERP	+0.0128%	1h	65.379	+0.101%	$47K	—	10x	as long as short
MEXC SILVER_USDT	+0.0130%	4h	65.360	+0.071%	$119.6M	$166.7M	1000x	as long as short
Binance XAGUSDT	+0.0130%	4h	65.376	+0.095%	$193.1M	$835.0M	100x	as long as short
edgeX XAGUSDC	+0.0134%	4h	65.334	+0.031%	$666K	$315K	30x	as long as short
Aster XAGUSDT	+0.0138%	4h	65.375	+0.094%	$2.7M	$1.1M	100x	as long as short
Nado XAG-PERPlong	+0.0181%	1h	65.314	long leg	$1.2M	$3.9M	10x
GRVT XAG_USDT_Perp	+0.0188%	4h	65.320	+0.010%	$394K	$1.6M	25x	as long as short
Lighter XAG	+0.0192%	1h	65.386	+0.110%	$5.1M	$11.7M	25x	as long as short
RISEx XAG/USDC	+0.0206%	1h	65.357	+0.067%	$1.2M	$4.9M	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.340	+0.040%	$77K	$411K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0214%	8h	65.370	+0.086%	$27.9M	$82.3M	50x	as long as short
Aftermath Perps XAGUSD	+0.0217%	1h	65.305	−0.014%	$78K	$37K	10x	as long as short
Bybit XAGUSDTshort	+0.0222%	4h	65.380	+0.102%	$30.4M	$46.8M	150x
Bitget XAGUSDT	+0.0246%	4h	65.370	+0.086%	$23.1M	$50.3M	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0262% / S −0.0228%	1h	65.355	+0.063%	$93K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0272%	1h	65.270	−0.067%	$20K	$12K	10x	as long as short
Bullet SILVER-USD	+0.0277%	1h	65.374	+0.093%	$44K	$74K	10x	as long as short
BloFin XAG-USDT	+0.0370%	4h	65.310	−0.005%	$2.7M	$753K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0775%	1h	65.337	+0.036%	$1.0M	$937K	25x	as long as short