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: Nado against Pacifica−0.037%50s7-day average +0.035% · you buy dearer than you sell

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

Long on Pacifica Short on Nado

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)+0.177%+$18 · spread now −0.037%, 7d avg +0.035%

Together, before fees+0.258%+ Points / potential airdropPacifica: Active · Nado: Active · farm board+$26 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.073% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.037% now, against its 7-day average of +0.035%). If the spread goes back, that is −$7 on $10k: about 3.6 days of funding at the current rate (+$2 a day). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XAG	66.212	0.0100	pay 0.0013% / 1h	23m 31s	$474K	$701K	10x
Short	Nado XAG-PERP	66.187	0.0167	get 0.0021% / 1h	23m 31s	$1.3M	$6.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Pacifica. 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 PacificabpFee NadobpOrdersPrice spread, now −0.037%Rate

Funding earned: $14.1
Price spread: −0.037% → +0.035%: −$7.26
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$8.16
Costs to cover: 0.150%
Break-even: 11.1 days

Slippage unknown: Pacifica: live order book, 9 min ago; Nado: live order book, 5 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 Pacifica live order book, 9 min ago	0.61 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 5 min ago	0.08 bp	5.1 bp −$5	7.8 bp −$78	29.6 bp −$2,960	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	−0.0058%	1h	66.150	−0.093%	$6.2M	$8.8M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	66.222	+0.015%	$15K	$997	5x	as long as short
Hotstuff SILVER-PERP	0.0000%	1h	66.240	+0.042%	$35K	$21K	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.270	+0.088%	$133.5M	$192.3M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.270	+0.088%	$2K	$3.5M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.290	+0.118%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.270	+0.088%	$1.5M	$258K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.194	−0.027%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.260	+0.073%	$4.7M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.216	+0.006%	$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	+0.284%	$11K	$94K	52x	as long as short
Phoenix SILVER	+0.0036%	1h	66.228	+0.024%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0040%	24h	66.218	+0.009%	$693K	$21.5M	8.1x	as long as short
StandX XAG-USD	+0.0040%	1h	66.190	−0.033%	$700K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.715	+0.760%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.240	+0.042%	$161.8M	$94.9M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.232	+0.030%	$3.9M	$740K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.209	−0.004%	$4K	$5K	20x	as long as short
QFEX SILVER-USD	+0.0052%	1h	66.250	+0.058%	$134K	$2.8M	20x	as long as short
Paradex XAG-USD-PERP	+0.0078%	8h	66.257	+0.067%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0097%	4h	66.260	+0.073%	$2.8M	$1.2M	100x	as long as short
Pacifica XAGlong	+0.0100%	1h	66.212	long leg	$474K	$701K	10x
KuCoin XAGUSDTM	+0.0100%	4h	66.230	+0.027%	$24.1M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.210	−0.003%	$113K	$88K	50x	as long as short
Lighter XAG	+0.0104%	1h	66.260	+0.072%	$5.4M	$10.7M	25x	as long as short
Variational Omni XAG	+0.0118%	4h	66.215	+0.004%	$5.6M	$12.6M	—	as long as short
Aevo XAG-PERP	+0.0120%	1h	66.257	+0.068%	$48K	—	10x	as long as short
Binance XAGUSDT	+0.0122%	4h	66.268	+0.085%	$191.8M	$787.4M	100x	as long as short
MEXC SILVER_USDT	+0.0122%	4h	66.260	+0.073%	$123.9M	$187.9M	1000x	as long as short
BloFin XAG-USDT	+0.0136%	4h	66.210	−0.003%	$2.6M	$1.4M	100x	as long as short
edgeX XAGUSDC	+0.0140%	4h	66.232	+0.030%	$670K	$313K	30x	as long as short
Bybit XAGUSDT	+0.0158%	4h	66.280	+0.103%	$25.2M	$37.7M	150x	as long as short
RISEx XAG/USDC	+0.0161%	1h	66.271	+0.089%	$1.4M	$4.3M	20x	as long as short
OKX XAG-USDT-SWAP	+0.0166%	8h	66.270	+0.088%	$27.5M	$67.8M	50x	as long as short
Nado XAG-PERPshort	+0.0167%	1h	66.187	−0.037%	$1.3M	$6.5M	10x
Bullet SILVER-USD	+0.0175%	1h	66.248	+0.055%	$45K	$77K	10x	as long as short
Aftermath Perps XAGUSD	+0.0183%	1h	66.165	−0.070%	$80K	$39K	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.040	−0.260%	$1.9M	$1.2M	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0203%	1h	66.250	+0.058%	$88K	$501K	20x	as long as short
GRVT XAG_USDT_Perp	+0.0214%	4h	66.260	+0.073%	$398K	$1.7M	25x	as long as short
Hibachi XAG/USDT-P	+0.0248%	1h	66.200	−0.018%	$20K	$21K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0277% / S −0.0261%	1h	66.245	+0.050%	$103K	—	111x	as long as short
Bitget XAGUSDT	+0.0284%	4h	66.260	+0.073%	$23.2M	$50.4M	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0421%	1h	66.223	+0.016%	$779K	$644K	25x	as long as short