Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0067%/8hnext payment −$0.08 per $10,000 · paid last 24h −0.047%

Price spread now: Pacifica against Nado+0.019%7-day average −0.035% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Nado Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.082%−$8 on $10k

Price spread, last 3 days (all we have)−0.159%−$16 · spread now +0.019%, 7d avg −0.035%

Together, before fees−0.240%+ Points / potential airdropNado: Active · Pacifica: Active · farm board−$24 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Pacifica is 0.055% dearer against Nado than usual: you sell high and buy low (spread +0.019% now, against its 7-day average of −0.035%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado XAG-PERP	66.187	0.0167	pay 0.0021% / 1h	23m 52s	$1.3M	$6.5M	10x
Short	Pacifica XAG	66.200	0.0100	get 0.0013% / 1h	23m 52s	$473K	$701K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.019%Rate

Funding earned: −$14.1
Price spread: +0.019% → −0.035%: $5.47
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$23.63
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Nado: live order book, 5 min ago; Pacifica: live order book, 9 min ago. Net counts fees only.

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, 5 min ago	0.08 bp	4.1 bp −$4	7.8 bp −$78	25.4 bp −$2,541	doesn't fit
Sell Pacifica live order book, 9 min ago	0.61 bp	doesn't fit	doesn't fit	doesn't fit	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	−0.0057%	1h	66.130	−0.086%	$6.2M	$8.8M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	66.168	−0.029%	$15K	$997	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.270	+0.125%	$133.5M	$192.3M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.270	+0.125%	$2K	$3.5M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.290	+0.155%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.270	+0.125%	$1.5M	$258K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.194	+0.011%	$120K	—	250x	as long as short
Hotstuff SILVER-PERP	+0.0008%	1h	66.229	+0.063%	$35K	$21K	20x	as long as short
Lighter RH XAG	+0.0032%	1h	66.258	+0.107%	$4.7M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.217	+0.045%	$5.4M	$14.8M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.322%	$11K	$94K	52x	as long as short
Phoenix SILVER	+0.0036%	1h	66.149	−0.058%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0040%	24h	66.218	+0.047%	$693K	$21.5M	8.1x	as long as short
StandX XAG-USD	+0.0040%	1h	66.170	−0.026%	$700K	$2.6M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.694	+0.766%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.238	+0.077%	$161.8M	$94.8M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.206	+0.029%	$3.9M	$740K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.209	+0.033%	$4K	$5K	20x	as long as short
QFEX SILVER-USD	+0.0052%	1h	66.240	+0.080%	$137K	$2.8M	20x	as long as short
Paradex XAG-USD-PERP	+0.0078%	8h	66.238	+0.076%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0097%	4h	66.260	+0.110%	$2.8M	$1.2M	100x	as long as short
Pacifica XAGshort	+0.0100%	1h	66.200	+0.019%	$473K	$701K	10x
KuCoin XAGUSDTM	+0.0100%	4h	66.220	+0.050%	$24.1M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.120	−0.101%	$113K	$88K	50x	as long as short
Lighter XAG	+0.0104%	1h	66.266	+0.119%	$5.4M	$10.7M	25x	as long as short
Variational Omni XAG	+0.0118%	4h	66.215	+0.042%	$5.6M	$12.6M	—	as long as short
MEXC SILVER_USDT	+0.0120%	4h	66.260	+0.110%	$123.9M	$187.7M	1000x	as long as short
Aevo XAG-PERP	+0.0120%	1h	66.257	+0.106%	$48K	—	10x	as long as short
Binance XAGUSDT	+0.0122%	4h	66.275	+0.133%	$191.9M	$787.4M	100x	as long as short
edgeX XAGUSDC	+0.0135%	4h	66.210	+0.034%	$669K	$312K	30x	as long as short
BloFin XAG-USDT	+0.0136%	4h	66.210	+0.035%	$2.6M	$1.4M	100x	as long as short
Bybit XAGUSDT	+0.0158%	4h	66.280	+0.140%	$25.2M	$37.7M	150x	as long as short
RISEx XAG/USDC	+0.0161%	1h	66.240	+0.080%	$1.4M	$4.3M	20x	as long as short
OKX XAG-USDT-SWAP	+0.0166%	8h	66.280	+0.140%	$27.5M	$67.9M	50x	as long as short
Nado XAG-PERPlong	+0.0167%	1h	66.187	long leg	$1.3M	$6.5M	10x
Bullet SILVER-USD	+0.0175%	1h	66.248	+0.093%	$45K	$77K	10x	as long as short
Aftermath Perps XAGUSD	+0.0183%	1h	66.165	−0.033%	$80K	$39K	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.040	−0.222%	$1.9M	$1.2M	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0203%	1h	66.250	+0.095%	$88K	$501K	20x	as long as short
GRVT XAG_USDT_Perp	+0.0212%	4h	66.170	−0.026%	$397K	$1.7M	25x	as long as short
Hibachi XAG/USDT-P	+0.0248%	1h	66.206	+0.029%	$20K	$21K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0277% / S −0.0261%	1h	66.245	+0.087%	$103K	—	111x	as long as short
Bitget XAGUSDT	+0.0284%	4h	66.270	+0.125%	$23.2M	$50.4M	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0421%	1h	66.223	+0.053%	$779K	$644K	25x	as long as short