XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0066%/8h= +7.2% APRnext payment +$0.08 per $10,000 · paid last 24h −0.005%

Price spread now: Nado against Coinbase International+0.169%45s7-day average −0.009% · 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−$260.261% of the position

Long on Coinbase International Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.035%−$3 on $10k

Price spread, last 4 days (all we have)−0.198%−$20 · spread now +0.169%, 7d avg −0.009%

Together, before fees−0.233%+ Points / potential airdropNado: Active · farm board−$23 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Nado is 0.178% dearer against Coinbase International than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of −0.009%. The two prices were read 45 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	Coinbase International SILVER-PERP-INTX	64.970	0.0096	pay 0.0012% / 1h	15m 22s	$1.6M	$1.4M	20x
Short	Nado XAG-PERP	65.080	0.0162	get 0.0020% / 1h	15m 22s	$1.2M	$4.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Coinbase International. 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 Coinbase InternationalbpFee NadobpOrdersPrice spread, now +0.169%Rate

Funding earned: $13.84
Price spread: +0.169% → −0.009%: $17.79
Slippage, 4 orders: −$9.1
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $5.54
Costs to cover: 0.261%
Break-even: 4.2 days

Slippage from Coinbase International: live order book, 3 min ago; Nado: live order book, 4 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 Coinbase International live order book, 3 min ago	0.77 bp	8.8 bp −$9	9.5 bp −$95	doesn't fit	doesn't fit
Sell Nado live order book, 4 min ago	0.31 bp	5.0 bp −$5	8.1 bp −$81	35.1 bp −$3,509	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
Ondo Perps XAG-USD.P	−0.0030%	1h	65.010	+0.062%	$5.6M	$9.8M	25x	as long as short
Hotstuff SILVER-PERP	−0.0016%	1h	65.081	+0.171%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	65.070	+0.154%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.130	+0.246%	$27.7M	$39.1M	150x	as long as short
Variational Omni XAG	0.0000%	4h	65.125	+0.238%	$5.5M	$9.1M	—	as long as short
SunX XAG-USDT	0.0000%	4h	65.120	+0.231%	$2K	$2.5M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.160	+0.292%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.140	+0.262%	$1.5M	$279K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.072	+0.156%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0026%	4h	65.130	+0.246%	$140.4M	$181.3M	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	65.108	+0.213%	$4.6M	$9.9M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.050	+0.123%	$5.0M	$11.7M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+2.201%	$11K	$94K	52x	as long as short
MEXC SILVER_USDT	+0.0034%	4h	65.110	+0.215%	$127.0M	$160.9M	1000x	as long as short
Binance XAGUSDT	+0.0035%	4h	65.117	+0.226%	$191.3M	$756.4M	100x	as long as short
edgeX XAGUSDC	+0.0037%	4h	65.135	+0.253%	$663K	$314K	30x	as long as short
Aster XAGUSDT	+0.0038%	4h	65.123	+0.236%	$2.7M	$976K	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.130	+0.246%	$783K	$2.9M	40x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.110	+0.215%	$160K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.523	+0.851%	—	—	25x	as long as short
Aevo XAG-PERP	+0.0048%	1h	65.118	+0.227%	$47K	—	10x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.083	+0.174%	$3.8M	$892K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.073	+0.159%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0054%	8h	65.091	+0.186%	$29K	$1K	5x	as long as short
Phoenix SILVER	+0.0061%	1h	65.101	+0.202%	$56K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0068%	1h	65.081	+0.171%	$173.0M	$84.8M	25x	as long as short
Kalshi KXSILVERPERP	+0.0080%	24h	65.097	+0.195%	$482K	$32.2M	8.1x	as long as short
Coinbase International SILVER-PERP-INTXlong	+0.0096%	1h	64.970	long leg	$1.6M	$1.4M	20x
Pacifica XAG	+0.0100%	1h	65.056	+0.133%	$463K	$600K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.070	+0.154%	$25.2M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.070	+0.154%	$111K	$19K	50x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.119	+0.230%	$1.2M	$4.8M	20x	as long as short
BloFin XAG-USDT	+0.0139%	4h	65.110	+0.215%	$2.7M	$625K	100x	as long as short
GRVT XAG_USDT_Perp	+0.0142%	4h	65.140	+0.262%	$394K	$1.6M	25x	as long as short
Bitget XAGUSDT	+0.0158%	4h	65.120	+0.231%	$23.2M	$44.9M	100x	as long as short
Nado XAG-PERPshort	+0.0162%	1h	65.080	+0.169%	$1.2M	$4.7M	10x
OKX XAG-USDT-SWAP	+0.0171%	8h	65.120	+0.231%	$28.4M	$70.3M	50x	as long as short
Lighter XAG	+0.0184%	1h	65.118	+0.227%	$5.3M	$11.3M	25x	as long as short
Aftermath Perps XAGUSD	+0.0193%	1h	65.094	+0.190%	$78K	$37K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0211%	1h	65.110	+0.215%	$65K	$395K	20x	as long as short
Hibachi XAG/USDT-P	+0.0232%	1h	65.089	+0.183%	$20K	$17K	10x	as long as short
Bullet SILVER-USD	+0.0235%	1h	65.141	+0.263%	$45K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.125	+0.239%	$92K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0364%	1h	65.100	+0.200%	$1.0M	$869K	25x	as long as short