Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h 0.000%

Price spread now: Nado against OKX−0.069%7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$200.195% of the position

Long on OKX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.026%+$3 on $10k

Price spread, last 7 days+0.053%+$5 · spread now −0.069%, 7d avg −0.031%

Together, before fees+0.079%+ Points / potential airdropNado: Active · farm board+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Nado is 0.038% cheaper against OKX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.031%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XAG-USDT-SWAP	65.090	0.0210	pay 0.0210% / 8h	7h 19m	$29.1M	$76.4M	50x
Short	Nado XAG-PERP	65.045	0.0166	get 0.0021% / 1h	19m 35s	$1.2M	$4.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against OKX. 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 OKXbpFee NadobpOrdersPrice spread, now −0.069%Rate

Funding earned: −$9.25
Price spread: −0.069% → −0.031%: −$3.78
Slippage, 4 orders: −$2.51
Fee OKX: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$32.55
Costs to cover: 0.195%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Nado: live order book, 4 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 OKX live order book, 4 min ago	0.77 bp	5.8 bp −$6	5.8 bp −$58	11.1 bp −$1,109	doesn't fit
Sell Nado live order book, 4 min ago	0.08 bp	3.6 bp −$4	8.4 bp −$84	33.6 bp −$3,359	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	65.013	−0.118%	$12K	$6K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.030	−0.092%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.030	−0.092%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.030	−0.092%	$1.5M	$346K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	64.953	−0.210%	$117K	—	250x	as long as short
Gate XAG_USDT	+0.0014%	4h	65.070	−0.031%	$138.0M	$188.2M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.068	−0.034%	$4.5M	$9.9M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.003	−0.133%	$5.0M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	64.602	−0.750%	$11K	$240	52x	as long as short
StandX XAG-USD	+0.0040%	1h	64.970	−0.184%	$781K	$3.0M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SI-PERP	+0.0046%	1h	65.431	+0.524%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0047%	1h	65.040	−0.077%	$446K	$1.5M	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	64.990	−0.154%	$3.8M	$890K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	64.953	−0.210%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	64.970	−0.184%	$5.6M	$10.1M	25x	as long as short
Variational Omni XAG	+0.0065%	4h	65.026	−0.099%	$5.4M	$9.2M	—	as long as short
Paradex XAG-USD-PERP	+0.0076%	8h	65.045	−0.069%	$29K	$166	5x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0080%	1h	64.840	−0.384%	$1.6M	$1.5M	20x	as long as short
Kalshi KXSILVERPERP	+0.0087%	24h	64.993	−0.149%	$488K	$35.1M	8.1x	as long as short
edgeX XAGUSDC	+0.0090%	4h	64.947	−0.220%	$662K	$314K	30x	as long as short
Pacifica XAG	+0.0100%	1h	65.034	−0.086%	$463K	$587K	10x	as long as short
MEXC SILVER_USDT	+0.0100%	4h	65.060	−0.046%	$123.9M	$160.4M	1000x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.070	−0.031%	$25.1M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	64.920	−0.261%	$111K	$19K	50x	as long as short
Aevo XAG-PERP	+0.0104%	1h	65.017	−0.112%	$47K	—	10x	as long as short
Binance XAGUSDT	+0.0105%	4h	65.070	−0.031%	$198.4M	$790.6M	100x	as long as short
Phoenix SILVER	+0.0111%	1h	64.615	−0.730%	$55K	$31K	25x	as long as short
Aster XAGUSDT	+0.0122%	4h	65.070	−0.031%	$2.7M	$1.0M	100x	as long as short
Hotstuff SILVER-PERP	+0.0128%	1h	65.006	−0.129%	$35K	$21K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0136%	1h	65.068	−0.034%	$173.5M	$89.0M	25x	as long as short
RISEx XAG/USDC	+0.0158%	1h	65.065	−0.038%	$1.2M	$4.9M	20x	as long as short
Nado XAG-PERPshort	+0.0166%	1h	65.045	−0.069%	$1.2M	$4.2M	10x
OKX XAG-USDT-SWAPlong	+0.0210%	8h	65.090	long leg	$29.1M	$76.4M	50x
Aftermath Perps XAGUSD	+0.0218%	1h	64.827	−0.403%	$78K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0222%	4h	65.060	−0.046%	$22.9M	$47.8M	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0237% / S −0.0196%	1h	65.025	−0.100%	$92K	—	111x	as long as short
Lighter XAG	+0.0240%	1h	65.088	−0.003%	$5.2M	$11.3M	25x	as long as short
Bullet SILVER-USD	+0.0310%	1h	65.025	−0.100%	$45K	$75K	10x	as long as short
BloFin XAG-USDT	+0.0336%	4h	64.980	−0.169%	$2.7M	$697K	100x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0366%	1h	65.010	−0.123%	$76K	$435K	20x	as long as short
Hibachi XAG/USDT-P	+0.0368%	1h	64.890	−0.307%	$20K	$15K	10x	as long as short
Bybit XAGUSDT	+0.0382%	4h	65.090	0.000%	$30.2M	$43.6M	150x	as long as short
GRVT XAG_USDT_Perp	+0.0410%	4h	65.030	−0.092%	$387K	$1.6M	25x	as long as short
Kraken Futures PF_XAGUSD	+0.0419%	1h	65.003	−0.134%	$1.0M	$894K	25x	as long as short