Settings8H · net · $10k
Funding arb · Price arb /

XAG

RWAall XAG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0123%/8h= −13.4% APRnext payment $0.15 per $10,000 · paid last 24h −0.031%
Price spread now: Extended against Nado−0.087%51s7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$170.174% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.033%−$3 on $10k
Price spread, last 7 days+0.063%+$6 · spread now −0.087%, 7d avg −0.037%
Together, before fees+0.031%+ Points / potential airdropNado: Active · Extended: Active · farm board+$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Extended is 0.051% cheaper against Nado than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.037%). Swap the legs. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado XAG-PERP65.0650.0155pay 0.0019% / 1h7m 42s$1.2M$4.7M10x
ShortExtended XAG-USD65.0080.0032get 0.0004% / 1h7m 42s$5.0M$11.8M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
−$25.73
Price spread: −0.087% → −0.037%
−$5.05
Slippage, 4 orders
−$5.36
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$48.15
Costs to cover
0.174%
Break-even
never at this rate
Slippage from Nado: live order book, 1 min ago; Extended: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Nado live order book, 1 min ago0.08 bp4.3 bp −$48.8 bp −$8834.2 bp −$3,425doesn't fit
Sell Extended live order book, 1 min ago0.08 bp5.0 bp −$56.5 bp −$6514.2 bp −$1,416doesn't fit

XAG on 44 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps XAG-USD.P−0.0026%1h64.970−0.146%$5.7M$9.9M25xas long as short
dYdX XAG-USD0.0000%1h64.997−0.104%$12K$5K5xas long as short
Bybit XAGUSDT0.0000%4h65.090+0.039%$27.7M$39.1M150xas long as short
Variational Omni XAG0.0000%4h65.227+0.249%$5.5M$9.1Mas long as short
SunX XAG-USDT0.0000%4h65.110+0.069%$2K$2.4M20xas long as short
HTX XAG-USDT0.0000%4h65.160+0.146%$1.1M$1.3M75xas long as short
Phemex XAGUSDT0.0000%4h65.110+0.069%$1.5M$278K100xas long as short
gTrade (Gains Network) XAG/USDL +0.0004% / S −0.0006%1h65.035−0.045%$118K250xas long as short
Hotstuff SILVER-PERP+0.0016%1h65.121+0.086%$35K$21K20xas long as short
Gate XAG_USDT+0.0030%4h65.080+0.023%$140.3M$181.7M100xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XAG+0.0032%1h65.071+0.009%$4.6M$10.0M25xas long as short
Extended XAG-USDshort+0.0032%1h65.008−0.087%$5.0M$11.8M10x
Injective XAG/USDC PERP+0.0033%1h66.400+2.052%$11K$94K52xas long as short
MEXC SILVER_USDT+0.0034%4h65.060−0.007%$124.4M$162.6M1000xas long as short
Binance XAGUSDT+0.0034%4h65.068+0.004%$191.5M$755.7M100xas long as short
StandX XAG-USD+0.0040%1h65.240+0.269%$785K$3.0M40xas long as short
Aster XAGUSDT+0.0040%4h65.069+0.007%$2.6M$981K100xas long as short
QFEX SILVER-USD+0.0044%1h65.110+0.069%$170K$1.4M20xas long as short
Vest SI-PERP+0.0046%1h65.535+0.723%25xas long as short
Aevo XAG-PERP+0.0048%1h65.083+0.027%$47K10xas long as short
Polymarket Perps SILVER-USD+0.0050%1h65.081+0.025%$3.8M$892K20xas long as short
SoDEX SILVER-USD+0.0050%1h65.023−0.064%$3K$6K20xas long as short
edgeX XAGUSDC+0.0050%4h65.251+0.286%$664K$312K30xas long as short
Paradex XAG-USD-PERP+0.0053%8h65.054−0.016%$29K$1K5xas long as short
Phoenix SILVER+0.0061%1h65.211+0.225%$56K$31K25xas long as short
tradeXYZ xyz:SILVER+0.0070%1h65.029−0.055%$172.8M$84.5M25xas long as short
Kalshi KXSILVERPERP+0.0080%24h65.092+0.042%$489K$32.2M8.1xas long as short
Coinbase International SILVER-PERP-INTX+0.0096%1h64.970−0.146%$1.6M$1.4M20xas long as short
Pacifica XAG+0.0100%1h65.011−0.083%$463K$598K10xas long as short
KuCoin XAGUSDTM+0.0100%4h65.020−0.069%$25.2M$4.7M75xas long as short
ApeX Omni XAGUSDT+0.0100%1h65.200+0.208%$111K$19K50xas long as short
RISEx XAG/USDC+0.0118%1h65.077+0.018%$1.3M$4.9M20xas long as short
BloFin XAG-USDT+0.0138%4h65.150+0.131%$2.7M$625K100xas long as short
GRVT XAG_USDT_Perp+0.0144%4h65.219+0.237%$394K$1.6M25xas long as short
Nado XAG-PERPlong+0.0155%1h65.065long leg$1.2M$4.7M10x
Bitget XAGUSDT+0.0162%4h65.080+0.023%$23.2M$44.8M100xas long as short
OKX XAG-USDT-SWAP+0.0173%8h65.070+0.008%$28.4M$70.4M50xas long as short
Lighter XAG+0.0184%1h65.071+0.009%$5.3M$11.3M25xas long as short
Aftermath Perps XAGUSD+0.0192%1h65.121+0.086%$78K$37K10xas long as short
Deribit SILVER_USDC-PERPETUAL+0.0211%1h65.060−0.007%$65K$397K20xas long as short
Hibachi XAG/USDT-P+0.0232%1h65.097+0.050%$20K$16K10xas long as short
Bullet SILVER-USD+0.0234%1h65.121+0.086%$45K$75K10xas long as short
GMX SILVER/USD [ETH-USDC]L +0.0238% / S −0.0196%1h65.105+0.062%$92K111xas long as short
Kraken Futures PF_XAGUSD+0.0364%1h65.068+0.005%$1.0M$869K25xas long as short