Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.051%

Price spread now: Nado against Gate−0.030%7-day average −0.052% · 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−$24as in the Price arb table

costs, in and out, $10k−$270.265% of the position

Long on Gate Short on Nado

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 7 days−0.055%−$6 · spread now −0.030%, 7d avg −0.052%

Together, before fees+0.026%+ Points / potential airdropNado: Active · farm board+$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Nado is 0.021% dearer against Gate than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XAG_USDT	65.440	0.0042	pay 0.0021% / 4h	2h 24m	$141.9M	$172.0M	100x
Short	Nado XAG-PERP	65.420	0.0146	get 0.0018% / 1h	24m 26s	$1.3M	$5.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Gate. 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 GatebpFee NadobpOrdersPrice spread, now −0.030%Rate

Funding earned: $21.92
Price spread: −0.030% → −0.052%: $2.13
Slippage, 4 orders: −$4.54
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$2.5
Costs to cover: 0.265%
Break-even: 7.8 days

Slippage from Gate: live order book, 5 min ago; Nado: live order book, 5 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 Gate live order book, 5 min ago	0.76 bp	8.3 bp −$8	8.3 bp −$83	10.8 bp −$1,084	13.6 bp −$6,793
Sell Nado live order book, 5 min ago	0.08 bp	5.4 bp −$5	10.6 bp −$106	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	−0.0024%	1h	65.360	−0.122%	$5.6M	$9.4M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.409	−0.048%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.390	−0.076%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.600	+0.244%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.550	+0.168%	$1.5M	$266K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.358	−0.125%	$118K	—	250x	as long as short
RISEx XAG/USDC	+0.0030%	1h	65.466	+0.040%	$1.3M	$4.9M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	65.473	+0.051%	$4.7M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.349	−0.139%	$5.1M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.467%	$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
Phoenix SILVER	+0.0036%	1h	65.675	+0.359%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	65.570	+0.199%	$789K	$3.0M	40x	as long as short
Gate XAG_USDTlong	+0.0042%	4h	65.440	long leg	$141.9M	$172.0M	100x
Vest SI-PERP	+0.0046%	1h	65.874	+0.663%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.394	−0.070%	$3.9M	$711K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.313	−0.194%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.430	−0.015%	$154K	$2.8M	20x	as long as short
Paradex XAG-USD-PERP	+0.0059%	8h	65.441	+0.001%	$29K	$1K	5x	as long as short
tradeXYZ xyz:SILVER	+0.0060%	1h	65.373	−0.102%	$166.0M	$78.4M	25x	as long as short
Bybit XAGUSDT	+0.0068%	4h	65.420	−0.031%	$28.1M	$39.1M	150x	as long as short
Kalshi KXSILVERPERP	+0.0075%	24h	65.554	+0.174%	$523K	$28.0M	8.1x	as long as short
Aster XAGUSDT	+0.0093%	4h	65.420	−0.031%	$2.7M	$941K	100x	as long as short
Pacifica XAG	+0.0100%	1h	65.413	−0.041%	$466K	$619K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.420	−0.031%	$24.6M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.330	−0.168%	$112K	$30K	50x	as long as short
Lighter XAG	+0.0120%	1h	65.459	+0.028%	$5.3M	$11.1M	25x	as long as short
Variational Omni XAG	+0.0129%	4h	65.384	−0.085%	$5.6M	$9.5M	—	as long as short
Aevo XAG-PERP	+0.0136%	1h	65.381	−0.091%	$47K	—	10x	as long as short
Binance XAGUSDT	+0.0139%	4h	65.400	−0.061%	$190.1M	$732.1M	100x	as long as short
MEXC SILVER_USDT	+0.0140%	4h	65.410	−0.046%	$113.5M	$158.3M	1000x	as long as short
edgeX XAGUSDC	+0.0145%	4h	65.373	−0.102%	$665K	$311K	30x	as long as short
Nado XAG-PERPshort	+0.0146%	1h	65.420	−0.030%	$1.3M	$5.5M	10x
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.510	+0.107%	$1.7M	$1.4M	20x	as long as short
Hotstuff SILVER-PERP	+0.0184%	1h	65.432	−0.012%	$35K	$21K	20x	as long as short
GRVT XAG_USDT_Perp	+0.0190%	4h	65.406	−0.052%	$386K	$1.5M	25x	as long as short
Bitget XAGUSDT	+0.0208%	4h	65.390	−0.076%	$23.2M	$47.8M	100x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.360	−0.122%	$66K	$370K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0215%	8h	65.400	−0.061%	$27.5M	$69.4M	50x	as long as short
Aftermath Perps XAGUSD	+0.0216%	1h	65.520	+0.123%	$79K	$37K	10x	as long as short
Bullet SILVER-USD	+0.0226%	1h	65.437	−0.005%	$43K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0336%	1h	65.525	+0.130%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0358% / S −0.0329%	1h	65.425	−0.023%	$88K	—	111x	as long as short
BloFin XAG-USDT	+0.0381%	4h	65.510	+0.107%	$2.6M	$624K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0471%	1h	65.380	−0.091%	$913K	$750K	25x	as long as short