Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0181%/8h= −19.9% APRpaid last 24h −0.054%

Price spread now: HTX against Nado+0.142%7-day average +0.089% · 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−$21as in the Price arb table

costs, in and out, $10k−$260.261% of the position

Long on Nado Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.081%−$8 on $10k

Price spread, last 4 days (all we have)−0.054%−$5 · spread now +0.142%, 7d avg +0.089%

Together, before fees−0.136%+ Points / potential airdropNado: Active · farm board−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.053% dearer against Nado than usual: you sell high and buy low (spread +0.142% now, against its 7-day average of +0.089%): +$5 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 23 hours. At the pace of the last 3 days (−0.081% in total) that is about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado XAG-PERP	65.957	0.0181	pay 0.0023% / 1h	36m 55s	$1.4M	$5.8M	10x
Short	HTX XAG-USDT	66.050	0	get 0.0000% / 4h	3h 36m	$1.0M	$966K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.142%Rate

Funding earned: −$38.11
Price spread: +0.142% → +0.089%: $5.3
Slippage, 4 orders: −$7.08
Fee Nado: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$58.89
Costs to cover: 0.261%
Break-even: never at this rate

Slippage from Nado: live order book, 2 min ago; HTX: 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 Nado live order book, 2 min ago	0.08 bp	3.6 bp −$4	7.1 bp −$71	doesn't fit	doesn't fit
Sell HTX live order book, 2 min ago	3.03 bp	9.0 bp −$9	13.0 bp −$130	20.2 bp −$2,017	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	−0.0046%	1h	65.880	−0.116%	$5.7M	$9.3M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.934	−0.035%	$14K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.040	+0.126%	$149.7M	$163.6M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.020	+0.096%	$2K	$2.6M	20x	as long as short
HTX XAG-USDTshort	0.0000%	4h	66.050	+0.142%	$1.0M	$966K	75x
Phemex XAGUSDT	0.0000%	4h	66.030	+0.111%	$1.5M	$320K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.974	+0.026%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.017	+0.091%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.976	+0.029%	$5.1M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.672%	$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	65.980	+0.035%	$794K	$3.1M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.433	+0.722%	—	—	25x	as long as short
Hotstuff SILVER-PERP	+0.0048%	1h	65.963	+0.010%	$35K	$21K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.985	+0.043%	$166.1M	$73.5M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.974	+0.026%	$3.9M	$674K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.965	+0.013%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0060%	1h	66.000	+0.066%	$114K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0073%	24h	65.988	+0.048%	$540K	$25.9M	8.1x	as long as short
Phoenix SILVER	+0.0073%	1h	65.926	−0.046%	$56K	$26K	25x	as long as short
RISEx XAG/USDC	+0.0080%	1h	65.995	+0.057%	$1.3M	$4.9M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.940	−0.026%	$469K	$612K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.000	+0.066%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.930	−0.040%	$113K	$30K	50x	as long as short
Bybit XAGUSDT	+0.0107%	4h	66.040	+0.126%	$27.4M	$36.4M	150x	as long as short
Lighter XAG	+0.0112%	1h	66.024	+0.102%	$5.2M	$10.6M	25x	as long as short
Paradex XAG-USD-PERP	+0.0113%	8h	65.986	+0.045%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0137%	4h	66.030	+0.111%	$2.7M	$871K	100x	as long as short
BloFin XAG-USDT	+0.0171%	4h	66.020	+0.096%	$2.6M	$562K	100x	as long as short
Nado XAG-PERPlong	+0.0181%	1h	65.957	long leg	$1.4M	$5.8M	10x
Aevo XAG-PERP	+0.0184%	1h	66.010	+0.081%	$47K	—	10x	as long as short
Variational Omni XAG	+0.0188%	4h	65.963	+0.010%	$5.6M	$9.4M	—	as long as short
MEXC SILVER_USDT	+0.0200%	4h	66.020	+0.096%	$112.8M	$152.2M	1000x	as long as short
GRVT XAG_USDT_Perp	+0.0200%	4h	65.987	+0.047%	$394K	$1.5M	25x	as long as short
Binance XAGUSDT	+0.0200%	4h	66.030	+0.111%	$191.2M	$702.4M	100x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0205%	1h	66.010	+0.081%	$75K	$363K	20x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	65.950	−0.010%	$1.8M	$1.0M	20x	as long as short
Aftermath Perps XAGUSD	+0.0213%	1h	65.952	−0.007%	$79K	$36K	10x	as long as short
edgeX XAGUSDC	+0.0213%	4h	65.976	+0.030%	$669K	$311K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0232%	8h	66.020	+0.096%	$27.7M	$64.8M	50x	as long as short
Bullet SILVER-USD	+0.0234%	1h	66.030	+0.111%	$44K	$76K	10x	as long as short
Bitget XAGUSDT	+0.0240%	4h	66.030	+0.111%	$23.9M	$45.3M	100x	as long as short
Hibachi XAG/USDT-P	+0.0320%	1h	65.922	−0.052%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0387% / S −0.0440%	1h	66.035	+0.119%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0624%	1h	65.989	+0.049%	$911K	$683K	25x	as long as short