Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0168%/8h= +18.4% APRpaid last 24h +0.050%

Price spread now: Nado against SunX−0.048%7-day average −0.052% · 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−$76as in the Price arb table

costs, in and out, $10k−$770.769% of the position

Long on SunX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.087%+$9 on $10k

Price spread, last 4 days (all we have)−0.014%−$1 · spread now −0.048%, 7d avg −0.052%

Together, before fees+0.074%+ Points / potential airdropNado: Active · farm board+$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.052%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XAG-USDT	65.390	0	get 0.0000% / 4h	46m 05s	$2K	$2.5M	20x
Short	Nado XAG-PERP	65.358	0.0168	get 0.0021% / 1h	46m 05s	$1.2M	$4.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against SunX. 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 SunXbpFee NadobpOrdersPrice spread, now −0.048%Rate

Funding earned: $35.22
Price spread: −0.048% → −0.052%: $0.39
Slippage, 4 orders: −$61.86
Fee SunX: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$41.24
Costs to cover: 0.769%
Break-even: 15.2 days

Slippage from SunX: live order book, 11 min ago; Nado: 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 SunX live order book, 11 min ago	29.81 bp	33.8 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 3 min ago	0.08 bp	5.7 bp −$6	10.6 bp −$106	36.5 bp −$3,650	doesn't fit

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	−0.0088%	1h	65.353	−0.057%	$35K	$21K	20x	as long as short
Ondo Perps XAG-USD.P	−0.0038%	1h	65.290	−0.153%	$5.6M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.348	−0.064%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.400	+0.015%	$27.8M	$39.4M	150x	as long as short
SunX XAG-USDTlong	0.0000%	4h	65.390	long leg	$2K	$2.5M	20x
HTX XAG-USDT	0.0000%	4h	65.420	+0.046%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.390	0.000%	$1.5M	$281K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.327	−0.096%	$118K	—	250x	as long as short
Variational Omni XAG	+0.0016%	4h	65.312	−0.119%	$5.5M	$9.1M	—	as long as short
Aster XAGUSDT	+0.0031%	4h	65.405	+0.024%	$2.7M	$945K	100x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XAG	+0.0032%	1h	65.380	−0.015%	$4.6M	$9.7M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.333	−0.087%	$5.1M	$11.6M	10x	as long as short
Gate XAG_USDT	+0.0032%	4h	65.400	+0.015%	$141.2M	$177.1M	100x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.545%	$11K	$94K	52x	as long as short
MEXC SILVER_USDT	+0.0040%	4h	65.380	−0.015%	$117.9M	$157.1M	1000x	as long as short
StandX XAG-USD	+0.0040%	1h	65.400	+0.015%	$787K	$2.9M	40x	as long as short
Binance XAGUSDT	+0.0041%	4h	65.390	0.000%	$191.7M	$759.9M	100x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.400	+0.015%	$152K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.810	+0.642%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.365	−0.038%	$3.8M	$856K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.332	−0.089%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0053%	8h	65.380	−0.015%	$29K	$1K	5x	as long as short
Aevo XAG-PERP	+0.0056%	1h	65.383	−0.011%	$47K	—	10x	as long as short
edgeX XAGUSDC	+0.0057%	4h	65.317	−0.112%	$665K	$313K	30x	as long as short
Phoenix SILVER	+0.0061%	1h	65.281	−0.167%	$56K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0068%	1h	65.343	−0.072%	$169.9M	$81.6M	25x	as long as short
Kalshi KXSILVERPERP	+0.0079%	24h	65.378	−0.018%	$481K	$31.8M	8.1x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	65.360	−0.046%	$1.6M	$1.4M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.360	−0.045%	$469K	$612K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.360	−0.046%	$25.3M	$5.0M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.300	−0.138%	$112K	$19K	50x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.422	+0.049%	$1.2M	$4.9M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0134%	4h	65.317	−0.112%	$384K	$1.6M	25x	as long as short
BloFin XAG-USDT	+0.0165%	4h	65.400	+0.015%	$2.7M	$583K	100x	as long as short
Bitget XAGUSDT	+0.0166%	4h	65.390	0.000%	$23.3M	$45.4M	100x	as long as short
Nado XAG-PERPshort	+0.0168%	1h	65.358	−0.048%	$1.2M	$4.8M	10x
Lighter XAG	+0.0168%	1h	65.395	+0.008%	$5.3M	$11.1M	25x	as long as short
Hibachi XAG/USDT-P	+0.0168%	1h	65.350	−0.061%	$20K	$17K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0175%	8h	65.390	0.000%	$28.1M	$70.1M	50x	as long as short
Aftermath Perps XAGUSD	+0.0208%	1h	65.339	−0.078%	$79K	$37K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.370	−0.031%	$65K	$387K	20x	as long as short
Bullet SILVER-USD	+0.0233%	1h	65.409	+0.030%	$45K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.385	−0.008%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0363%	1h	65.358	−0.049%	$1.0M	$869K	25x	as long as short