Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= +0.1% APRpaid last 24h +0.010%

Price spread now: Bitget against Nado+0.099%7-day average +0.036% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$230.230% of the position

Long on Nado Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.002%$0 on $10k

Price spread, last 7 days−0.076%−$8 · spread now +0.099%, 7d avg +0.036%

Together, before fees−0.078%+ Points / potential airdropNado: Active · farm board−$8 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.063% dearer against Nado than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado XAG-PERP	66.474	0.0224	pay 0.0028% / 1h	39m 16s	$1.3M	$6.5M	10x
Short	Bitget XAGUSDT	66.540	0.0224	get 0.0112% / 4h	2h 39m	$24.5M	$45.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Nado. 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 NadobpFee BitgetbpOrdersPrice spread, now +0.099%Rate

Funding earned: $0.1
Price spread: +0.099% → +0.036%: $6.34
Slippage, 4 orders: −$3.96
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$16.52
Costs to cover: 0.230%
Break-even: 1144.0 days

Slippage from Nado: live order book, 5 min ago; Bitget: 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 Nado live order book, 5 min ago	0.08 bp	4.4 bp −$4	7.7 bp −$77	31.1 bp −$3,110	doesn't fit
Sell Bitget live order book, 5 min ago	0.75 bp	6.8 bp −$7	8.7 bp −$87	16.5 bp −$1,647	46.1 bp −$23.1K

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
Hotstuff SILVER-PERP	−0.0008%	1h	66.483	+0.014%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	66.423	−0.077%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.530	+0.084%	$154.5M	$161.9M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.540	+0.099%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.540	+0.099%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.530	+0.084%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.471	−0.005%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.500	+0.039%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.466	−0.012%	$5.4M	$12.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.111%	$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
StandX XAG-USD	+0.0040%	1h	66.530	+0.084%	$800K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.961	+0.733%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.413	−0.092%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.490	+0.024%	$3.9M	$669K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.463	−0.016%	$3K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.410	−0.096%	$5.7M	$9.6M	25x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.510	+0.054%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0061%	24h	66.473	−0.001%	$574K	$23.1M	8.1x	as long as short
Bybit XAGUSDT	+0.0072%	4h	66.560	+0.130%	$26.4M	$35.9M	150x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.524	+0.075%	$1.2M	$4.3M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0096%	1h	66.498	+0.036%	$166.0M	$76.0M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.456	−0.027%	$473K	$605K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.480	+0.009%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.490	+0.024%	$126K	$23K	50x	as long as short
BloFin XAG-USDT	+0.0103%	4h	66.570	+0.145%	$2.6M	$624K	100x	as long as short
Aster XAGUSDT	+0.0116%	4h	66.518	+0.066%	$2.8M	$971K	100x	as long as short
Paradex XAG-USD-PERP	+0.0122%	8h	66.500	+0.040%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0129%	4h	66.505	+0.046%	$5.5M	$9.8M	—	as long as short
Aevo XAG-PERP	+0.0136%	1h	66.528	+0.082%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0148%	4h	66.530	+0.084%	$114.8M	$157.4M	1000x	as long as short
Binance XAGUSDT	+0.0151%	4h	66.540	+0.099%	$193.1M	$706.9M	100x	as long as short
edgeX XAGUSDC	+0.0153%	4h	66.569	+0.143%	$676K	$313K	30x	as long as short
Lighter XAG	+0.0160%	1h	66.512	+0.057%	$5.4M	$10.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.520	+0.069%	$1.9M	$967K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0197%	8h	66.540	+0.099%	$28.1M	$66.0M	50x	as long as short
Aftermath Perps XAGUSD	+0.0221%	1h	66.494	+0.030%	$80K	$38K	10x	as long as short
Nado XAG-PERPlong	+0.0224%	1h	66.474	long leg	$1.3M	$6.5M	10x
Bitget XAGUSDTshort	+0.0224%	4h	66.540	+0.099%	$24.5M	$45.8M	100x
GRVT XAG_USDT_Perp	+0.0238%	4h	66.520	+0.069%	$400K	$1.5M	25x	as long as short
Hibachi XAG/USDT-P	+0.0272%	1h	66.466	−0.012%	$20K	$22K	10x	as long as short
Bullet SILVER-USD	+0.0282%	1h	66.544	+0.106%	$45K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0292% / S −0.0281%	1h	66.545	+0.107%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0352%	1h	66.520	+0.069%	$50K	$325K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0461%	1h	66.497	+0.035%	$767K	$474K	25x	as long as short