Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h −0.008%

Price spread now: OKX against Nado+0.099%49s7-day average +0.029% · 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—prices read too far apart to compare

costs, in and out, $10k−$200.201% of the position

Long on Nado Short on OKX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.033%−$3 on $10k

Price spread, last 7 days−0.082%−$8 · spread now +0.099%, 7d avg +0.029%

Together, before fees−0.115%+ Points / potential airdropNado: Active · farm board−$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and OKX is 0.070% dearer against Nado than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.029%. The two prices were read 49 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	66.025	0.0214	pay 0.0027% / 1h	7m 39s	$1.4M	$6.4M	10x
Short	OKX XAG-USDT-SWAP	66.090	0.0235	get 0.0235% / 8h	4h 07m	$27.7M	$65.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.099%Rate

Funding earned: $4.28
Price spread: +0.099% → +0.029%: $6.99
Slippage, 4 orders: −$3.08
Fee Nado: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$8.81
Costs to cover: 0.201%
Break-even: 21.4 days

Slippage from Nado: live order book, 1 min ago; OKX: live order book, 1 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, 1 min ago	0.30 bp	4.2 bp −$4	7.8 bp −$78	30.0 bp −$3,004	doesn't fit
Sell OKX live order book, 1 min ago	0.76 bp	5.8 bp −$6	6.9 bp −$69	12.3 bp −$1,233	71.2 bp −$35.6K

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	−0.010%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.100	+0.114%	$150.1M	$163.9M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.060	+0.054%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.130	+0.160%	$1.0M	$968K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.130	+0.160%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.993	−0.047%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.074	+0.075%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.002	−0.034%	$5.2M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.569%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.110	+0.129%	$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	+0.0044%	1h	65.960	−0.098%	$5.7M	$9.6M	25x	as long as short
Vest SI-PERP	+0.0046%	1h	66.500	+0.720%	—	—	25x	as long as short
Hotstuff SILVER-PERP	+0.0048%	1h	66.057	+0.049%	$35K	$21K	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.034	+0.014%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.996	−0.043%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.070	+0.069%	$115K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0060%	1h	66.053	+0.043%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0071%	24h	66.040	+0.023%	$547K	$25.4M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	66.033	+0.013%	$470K	$615K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.060	+0.054%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.030	+0.008%	$113K	$30K	50x	as long as short
tradeXYZ xyz:SILVER	+0.0127%	1h	66.053	+0.043%	$166.0M	$73.5M	25x	as long as short
RISEx XAG/USDC	+0.0137%	1h	66.067	+0.064%	$1.3M	$4.6M	20x	as long as short
Paradex XAG-USD-PERP	+0.0144%	8h	66.084	+0.090%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0149%	4h	66.080	+0.084%	$2.7M	$868K	100x	as long as short
Bybit XAGUSDT	+0.0172%	4h	66.100	+0.114%	$27.1M	$36.1M	150x	as long as short
Lighter XAG	+0.0184%	1h	66.078	+0.080%	$5.3M	$10.8M	25x	as long as short
Aevo XAG-PERP	+0.0200%	1h	66.075	+0.076%	$47K	—	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.020	−0.007%	$1.8M	$1.0M	20x	as long as short
Variational Omni XAG	+0.0204%	4h	66.063	+0.058%	$5.6M	$9.5M	—	as long as short
MEXC SILVER_USDT	+0.0214%	4h	66.090	+0.099%	$110.7M	$153.0M	1000x	as long as short
Nado XAG-PERPlong	+0.0214%	1h	66.025	long leg	$1.4M	$6.4M	10x
Binance XAGUSDT	+0.0217%	4h	66.099	+0.113%	$192.7M	$700.2M	100x	as long as short
Aftermath Perps XAGUSD	+0.0221%	1h	66.069	+0.067%	$80K	$36K	10x	as long as short
edgeX XAGUSDC	+0.0227%	4h	66.058	+0.050%	$670K	$311K	30x	as long as short
OKX XAG-USDT-SWAPshort	+0.0235%	8h	66.090	+0.099%	$27.7M	$65.0M	50x
Bitget XAGUSDT	+0.0258%	4h	66.080	+0.084%	$23.8M	$45.4M	100x	as long as short
BloFin XAG-USDT	+0.0264%	4h	66.120	+0.145%	$2.6M	$554K	100x	as long as short
GRVT XAG_USDT_Perp	+0.0276%	4h	66.090	+0.100%	$389K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0290%	1h	66.081	+0.085%	$44K	$76K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0356%	1h	66.050	+0.039%	$75K	$362K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0383% / S −0.0424%	1h	66.075	+0.076%	$103K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0384%	1h	66.054	+0.044%	$20K	$19K	10x	as long as short
Kraken Futures PF_XAGUSD	+0.0485%	1h	66.045	+0.031%	$911K	$683K	25x	as long as short