Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h −0.022%

Price spread now: MEXC against Nado+0.099%7-day average +0.022% · 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−$2as in the Price arb table

costs, in and out, $10k−$100.097% of the position

Long on Nado Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.044%−$4 on $10k

Price spread, last 7 days−0.072%−$7 · spread now +0.099%, 7d avg +0.022%

Together, before fees−0.116%+ Points / potential airdropNado: Active · farm board−$12 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: MEXC is 0.077% dearer against Nado than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado XAG-PERP	66.014	0.0212	pay 0.0027% / 1h	10m 58s	$1.4M	$6.5M	10x
Short	MEXC SILVER_USDT	66.080	0.0210	get 0.0105% / 4h	10m 58s	$110.6M	$153.0M	1000x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.099%Rate

Funding earned: −$0.47
Price spread: +0.099% → +0.022%: $7.73
Slippage, 4 orders: −$2.67
Fee Nado: 3.5 bp × 2 orders: −$7
Fee MEXC: 0 bp × 2 orders: $0
Net: −$2.41
Costs to cover: 0.097%
Break-even: never at this rate

Slippage from Nado: live order book, 3 min ago; MEXC: live order book, 3 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, 3 min ago	0.08 bp	3.6 bp −$4	7.7 bp −$77	30.9 bp −$3,088	doesn't fit
Sell MEXC live order book, 3 min ago	0.76 bp	0.8 bp −$1	0.8 bp −$8	0.8 bp −$76	3.8 bp −$1,892

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
dYdX XAG-USD	0.0000%	1h	66.018	+0.005%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.100	+0.130%	$150.1M	$163.7M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.090	+0.114%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.120	+0.160%	$1.0M	$968K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.120	+0.160%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.001	−0.020%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.073	+0.089%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.014	−0.001%	$5.2M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.584%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.060	+0.069%	$795K	$3.1M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAG-USD.P	+0.0042%	1h	65.950	−0.098%	$5.7M	$9.6M	25x	as long as short
Vest SI-PERP	+0.0046%	1h	66.491	+0.722%	—	—	25x	as long as short
Hotstuff SILVER-PERP	+0.0048%	1h	66.027	+0.019%	$35K	$21K	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.035	+0.031%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.004	−0.016%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.060	+0.069%	$115K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0060%	1h	66.025	+0.016%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0071%	24h	66.031	+0.025%	$547K	$25.4M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	66.005	−0.014%	$470K	$615K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.040	+0.039%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.060	+0.069%	$113K	$30K	50x	as long as short
tradeXYZ xyz:SILVER	+0.0126%	1h	66.054	+0.060%	$165.9M	$74.3M	25x	as long as short
RISEx XAG/USDC	+0.0137%	1h	66.061	+0.070%	$1.3M	$4.5M	20x	as long as short
Paradex XAG-USD-PERP	+0.0140%	8h	66.056	+0.064%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0143%	4h	66.080	+0.099%	$2.7M	$868K	100x	as long as short
Bybit XAGUSDT	+0.0168%	4h	66.110	+0.145%	$27.1M	$36.1M	150x	as long as short
Lighter XAG	+0.0184%	1h	66.076	+0.094%	$5.2M	$10.7M	25x	as long as short
Aevo XAG-PERP	+0.0192%	1h	66.072	+0.087%	$47K	—	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.020	+0.008%	$1.8M	$1.0M	20x	as long as short
Variational Omni XAG	+0.0204%	4h	66.063	+0.073%	$5.6M	$9.5M	—	as long as short
MEXC SILVER_USDTshort	+0.0210%	4h	66.080	+0.099%	$110.6M	$153.0M	1000x
BloFin XAG-USDT	+0.0212%	4h	66.120	+0.160%	$2.6M	$554K	100x	as long as short
Binance XAGUSDT	+0.0212%	4h	66.094	+0.120%	$192.7M	$700.4M	100x	as long as short
Nado XAG-PERPlong	+0.0212%	1h	66.014	long leg	$1.4M	$6.5M	10x
edgeX XAGUSDC	+0.0222%	4h	66.092	+0.118%	$671K	$313K	30x	as long as short
Aftermath Perps XAGUSD	+0.0222%	1h	66.046	+0.047%	$80K	$36K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0234%	8h	66.080	+0.099%	$27.7M	$65.0M	50x	as long as short
Bitget XAGUSDT	+0.0256%	4h	66.080	+0.099%	$23.8M	$45.4M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0274%	4h	66.094	+0.120%	$389K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0288%	1h	66.077	+0.095%	$44K	$76K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0356%	1h	66.050	+0.054%	$69K	$355K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0383% / S −0.0424%	1h	66.075	+0.092%	$103K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0384%	1h	66.050	+0.054%	$20K	$19K	10x	as long as short
Kraken Futures PF_XAGUSD	+0.0485%	1h	66.044	+0.045%	$912K	$683K	25x	as long as short