Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0176%/8h= +19.2% APRpaid last 24h +0.054%

Price spread now: Nado against HTX−0.103%7-day average −0.089% · 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−$32as in the Price arb table

costs, in and out, $10k−$300.302% of the position

Long on HTX 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 4 days (all we have)+0.016%+$2 · spread now −0.103%, 7d avg −0.089%

Together, before fees+0.097%+ Points / potential airdropNado: Active · farm board+$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.089%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XAG-USDT	66.080	0	get 0.0000% / 4h	3h 14m	$1.0M	$949K	75x
Short	Nado XAG-PERP	66.012	0.0176	get 0.0022% / 1h	14m 08s	$1.4M	$5.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against HTX. 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 HTXbpFee NadobpOrdersPrice spread, now −0.103%Rate

Funding earned: $36.89
Price spread: −0.103% → −0.089%: −$1.46
Slippage, 4 orders: −$11.21
Fee HTX: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $5.21
Costs to cover: 0.302%
Break-even: 6.0 days

Slippage from HTX: 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 HTX live order book, 5 min ago	4.54 bp	10.5 bp −$11	10.5 bp −$105	13.5 bp −$1,349	doesn't fit
Sell Nado live order book, 5 min ago	0.08 bp	4.4 bp −$4	9.3 bp −$93	34.4 bp −$3,436	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	65.960	−0.182%	$5.7M	$9.2M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.989	−0.138%	$14K	$66	5x	as long as short
SunX XAG-USDT	0.0000%	4h	66.070	−0.015%	$2K	$2.6M	20x	as long as short
HTX XAG-USDTlong	0.0000%	4h	66.080	long leg	$1.0M	$949K	75x
Phemex XAGUSDT	0.0000%	4h	66.060	−0.030%	$1.5M	$320K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.993	−0.131%	$120K	—	250x	as long as short
Hotstuff SILVER-PERP	+0.0024%	1h	66.024	−0.085%	$35K	$21K	20x	as long as short
Lighter RH XAG	+0.0032%	1h	66.049	−0.047%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.993	−0.131%	$5.2M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.484%	$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
Gate XAG_USDT	+0.0034%	4h	66.080	0.000%	$149.9M	$164.2M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	66.060	−0.030%	$795K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.478	+0.602%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.024	−0.085%	$3.9M	$676K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.994	−0.130%	$3K	$6K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0054%	1h	66.024	−0.085%	$166.3M	$74.0M	25x	as long as short
Paradex XAG-USD-PERP	+0.0056%	8h	66.041	−0.059%	$30K	$1K	5x	as long as short
QFEX SILVER-USD	+0.0060%	1h	66.050	−0.045%	$114K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0073%	1h	66.008	−0.109%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0073%	24h	66.020	−0.091%	$557K	$26.4M	8.1x	as long as short
RISEx XAG/USDC	+0.0080%	1h	66.065	−0.023%	$1.3M	$4.9M	20x	as long as short
Pacifica XAG	+0.0100%	1h	66.003	−0.117%	$470K	$605K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.020	−0.091%	$24.4M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.010	−0.106%	$113K	$30K	50x	as long as short
Lighter XAG	+0.0112%	1h	66.051	−0.043%	$5.2M	$10.9M	25x	as long as short
Bybit XAGUSDT	+0.0113%	4h	66.070	−0.015%	$27.8M	$36.5M	150x	as long as short
Aster XAGUSDT	+0.0121%	4h	66.061	−0.029%	$2.7M	$866K	100x	as long as short
Variational Omni XAG	+0.0165%	4h	66.053	−0.040%	$5.6M	$9.5M	—	as long as short
BloFin XAG-USDT	+0.0165%	4h	66.060	−0.030%	$2.6M	$563K	100x	as long as short
Aevo XAG-PERP	+0.0168%	1h	66.053	−0.042%	$47K	—	10x	as long as short
Nado XAG-PERPshort	+0.0176%	1h	66.012	−0.103%	$1.4M	$5.8M	10x
MEXC SILVER_USDT	+0.0176%	4h	66.060	−0.030%	$115.0M	$152.7M	1000x	as long as short
Binance XAGUSDT	+0.0177%	4h	66.060	−0.030%	$191.6M	$702.2M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0178%	4h	66.079	−0.001%	$395K	$1.5M	25x	as long as short
edgeX XAGUSDC	+0.0186%	4h	66.058	−0.033%	$670K	$312K	30x	as long as short
Aftermath Perps XAGUSD	+0.0191%	1h	66.046	−0.051%	$80K	$36K	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	66.030	−0.076%	$1.8M	$1.0M	20x	as long as short
OKX XAG-USDT-SWAP	+0.0225%	8h	66.070	−0.015%	$27.7M	$64.6M	50x	as long as short
Bitget XAGUSDT	+0.0226%	4h	66.070	−0.015%	$23.9M	$45.2M	100x	as long as short
Bullet SILVER-USD	+0.0231%	1h	66.064	−0.024%	$44K	$75K	10x	as long as short
Hibachi XAG/USDT-P	+0.0296%	1h	66.020	−0.091%	$20K	$19K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0356%	1h	66.040	−0.061%	$75K	$363K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0388% / S −0.0440%	1h	66.065	−0.023%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0624%	1h	66.029	−0.077%	$911K	$683K	25x	as long as short