Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0151%/8h= −16.5% APRpaid last 24h −0.029%

Price spread now: Variational Omni against Nado+0.057%7-day average +0.028% · you sell dearer than you buy

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

Long on Nado Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.042%−$4 on $10k

Price spread, last 7 days−0.053%−$5 · spread now +0.057%, 7d avg +0.028%

Together, before fees−0.095%+ Points / potential airdropNado: Active · Variational Omni: Active · farm board−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.029% dearer against Nado than usual: you sell high and buy low (spread +0.057% now, against its 7-day average of +0.028%): +$3 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 3 days (−0.042% 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	66.577	0.0254	pay 0.0032% / 1h	13m 31s	$1.3M	$6.6M	10x
Short	Variational Omni XAG	66.615	0.0103	get 0.0051% / 4h	13m 31s	$5.6M	$10.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Nado. 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 NadobpFee Variational OmnibpOrdersPrice spread, now +0.057%Rate

Funding earned: −$31.67
Price spread: +0.057% → +0.028%: $2.91
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$35.76
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Nado: live order book, 6 min ago; Variational Omni: RFQ quote, 1 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, 6 min ago	0.22 bp	4.2 bp −$4	7.5 bp −$75	28.2 bp −$2,816	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	2.57 bp	doesn't fit	2.6 bp −$26	5.4 bp −$537	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	66.560	−0.026%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.650	+0.109%	$26.5M	$34.7M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.640	+0.094%	$156.1M	$174.8M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.630	+0.079%	$2K	$3.0M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.650	+0.109%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.630	+0.079%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.556	−0.033%	$120K	—	250x	as long as short
Hotstuff SILVER-PERP	+0.0008%	1h	66.596	+0.028%	$35K	$21K	20x	as long as short
Lighter RH XAG	+0.0032%	1h	66.614	+0.055%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.567	−0.016%	$5.5M	$12.2M	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	−0.267%	$11K	$94K	52x	as long as short
Phoenix SILVER	+0.0036%	1h	66.596	+0.028%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	66.580	+0.004%	$797K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	67.065	+0.732%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.594	+0.025%	$3.9M	$699K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.558	−0.029%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.530	−0.071%	$5.7M	$10.0M	25x	as long as short
Kalshi KXSILVERPERP	+0.0060%	24h	66.595	+0.026%	$581K	$21.3M	8.1x	as long as short
QFEX SILVER-USD	+0.0061%	1h	66.610	+0.049%	$125K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0071%	1h	66.585	+0.011%	$166.0M	$87.0M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.573	−0.007%	$481K	$618K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.580	+0.004%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.590	+0.019%	$127K	$26K	50x	as long as short
Variational Omni XAGshort	+0.0103%	4h	66.615	+0.057%	$5.6M	$10.1M	—
Paradex XAG-USD-PERP	+0.0105%	8h	66.616	+0.058%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0113%	4h	66.626	+0.072%	$2.8M	$1.1M	100x	as long as short
Lighter XAG	+0.0120%	1h	66.616	+0.058%	$5.2M	$10.4M	25x	as long as short
Aevo XAG-PERP	+0.0120%	1h	66.622	+0.066%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0122%	4h	66.620	+0.064%	$115.5M	$153.4M	1000x	as long as short
Binance XAGUSDT	+0.0122%	4h	66.629	+0.077%	$191.9M	$723.2M	100x	as long as short
edgeX XAGUSDC	+0.0130%	4h	66.608	+0.045%	$676K	$316K	30x	as long as short
Bitget XAGUSDT	+0.0156%	4h	66.640	+0.094%	$24.4M	$48.2M	100x	as long as short
BloFin XAG-USDT	+0.0157%	4h	66.610	+0.049%	$2.6M	$652K	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0160%	1h	66.610	+0.049%	$1.9M	$851K	20x	as long as short
Aftermath Perps XAGUSD	+0.0171%	1h	66.556	−0.033%	$80K	$40K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0180%	4h	66.634	+0.085%	$401K	$1.5M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0197%	8h	66.640	+0.094%	$28.0M	$66.9M	50x	as long as short
RISEx XAG/USDC	+0.0208%	1h	66.634	+0.085%	$1.3M	$4.2M	20x	as long as short
Bullet SILVER-USD	+0.0250%	1h	66.629	+0.078%	$45K	$75K	10x	as long as short
Nado XAG-PERPlong	+0.0254%	1h	66.577	long leg	$1.3M	$6.6M	10x
Hibachi XAG/USDT-P	+0.0280%	1h	66.571	−0.009%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.625	+0.071%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0501%	1h	66.620	+0.064%	$50K	$351K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0595%	1h	66.594	+0.025%	$764K	$588K	25x	as long as short