Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0031%/8h= −3.4% APRpaid last 24h −0.012%

Price spread now: edgeX against Nado−0.044%62s7-day average +0.036% · 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—prices read too far apart to compare

costs, in and out, $10k−$240.238% of the position

Long on Nado Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.032%−$3 on $10k

Price spread, last 4 days (all we have)+0.128%+$13 · spread now −0.044%, 7d avg +0.036%

Together, before fees+0.096%+ Points / potential airdropNado: Active · edgeX: Active · farm board+$10 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 edgeX is 0.079% cheaper against Nado than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.036%). Swap the legs. The two prices were read 62 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	Nado XAG-PERP	65.705	0.0170	pay 0.0021% / 1h	0m 08s	$1.2M	$3.7M	10x
Short	edgeX XAGUSDC	65.677	0.0138	get 0.0069% / 4h	2h 00m	$669K	$314K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.044%Rate

Funding earned: −$6.6
Price spread: −0.044% → +0.036%: −$7.92
Slippage, 4 orders: −$7.79
Fee Nado: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$38.31
Costs to cover: 0.238%
Break-even: never at this rate

Slippage from Nado: live order book, 2 min ago; edgeX: live order book, 51 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, 2 min ago	0.46 bp	5.9 bp −$6	9.4 bp −$94	31.8 bp −$3,184	doesn't fit
Sell edgeX live order book, 51 min ago	2.30 bp	6.8 bp −$7	6.8 bp −$68	9.2 bp −$924	21.4 bp −$10.7K

XAG on 44 exchanges

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	−1.2752%	1h	65.532	−0.264%	$36K	$23K	20x	as long as short
Injective XAG/USDC PERP	−0.0220%	1h	64.602	−1.679%	$11K	$240	52x	as long as short
Ondo Perps XAG-USD.P	−0.0006%	1h	65.630	−0.115%	$5.7M	$10.9M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.654	−0.078%	$13K	$8K	5x	as long as short
Gate XAG_USDT	0.0000%	4h	65.780	+0.113%	$139.1M	$204.9M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.770	+0.098%	$2K	$2.5M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.800	+0.144%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.750	+0.068%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.621	−0.129%	$119K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.738	+0.050%	$4.5M	$9.8M	25x	as long as short

Show all 44 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XAG-USD	+0.0032%	1h	65.698	−0.012%	$5.1M	$11.8M	10x	as long as short
StandX XAG-USD	+0.0040%	1h	65.660	−0.069%	$790K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.157	+0.687%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.727	+0.033%	$3.9M	$894K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.689	−0.025%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0058%	8h	65.753	+0.073%	$29K	$166	5x	as long as short
QFEX SILVER-USD	+0.0062%	1h	65.740	+0.053%	$447K	$1.4M	20x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0088%	1h	65.690	−0.024%	$1.6M	$1.9M	20x	as long as short
Kalshi KXSILVERPERP	+0.0098%	24h	65.723	+0.027%	$709K	$38.6M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	65.701	−0.007%	$468K	$572K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.710	+0.007%	$25.5M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.620	−0.130%	$112K	$19K	50x	as long as short
Variational Omni XAG	+0.0101%	4h	65.650	−0.085%	$5.7M	$9.1M	—	as long as short
Phoenix SILVER	+0.0110%	1h	65.567	−0.211%	$55K	$13K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0119%	1h	65.735	+0.045%	$174.9M	$93.9M	25x	as long as short
MEXC SILVER_USDT	+0.0124%	4h	65.730	+0.037%	$121.1M	$169.5M	1000x	as long as short
Binance XAGUSDT	+0.0124%	4h	65.730	+0.037%	$191.9M	$860.5M	100x	as long as short
Aster XAGUSDT	+0.0126%	4h	65.738	+0.050%	$2.7M	$1.2M	100x	as long as short
Aevo XAG-PERP	+0.0128%	1h	65.741	+0.055%	$47K	—	10x	as long as short
edgeX XAGUSDCshort	+0.0138%	4h	65.677	−0.044%	$669K	$314K	30x
Nado XAG-PERPlong	+0.0170%	1h	65.705	long leg	$1.2M	$3.7M	10x
GRVT XAG_USDT_Perp	+0.0172%	4h	65.737	+0.048%	$397K	$1.5M	25x	as long as short
Bybit XAGUSDT	+0.0173%	4h	65.740	+0.053%	$30.5M	$47.9M	150x	as long as short
Lighter XAG	+0.0192%	1h	65.715	+0.014%	$5.1M	$12.0M	25x	as long as short
RISEx XAG/USDC	+0.0206%	1h	65.673	−0.050%	$1.2M	$4.9M	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0207%	1h	65.730	+0.037%	$77K	$411K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0216%	8h	65.740	+0.053%	$28.0M	$85.7M	50x	as long as short
Aftermath Perps XAGUSD	+0.0222%	1h	65.572	−0.203%	$79K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0252%	4h	65.780	+0.113%	$23.3M	$52.6M	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0267% / S −0.0234%	1h	65.775	+0.106%	$93K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0272%	1h	65.621	−0.129%	$21K	$12K	10x	as long as short
Bullet SILVER-USD	+0.0274%	1h	65.780	+0.113%	$45K	$74K	10x	as long as short
BloFin XAG-USDT	+0.0365%	4h	65.700	−0.008%	$2.7M	$771K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0771%	1h	65.753	+0.072%	$1.0M	$943K	25x	as long as short