Funding you earn now, next payment 03:00 UTC+0.0215%/8h= +23.5% APRnext payment +$0.27 per $10,000 · paid last 24h +0.035%
Price spread now: Nado against Extended0.000%7-day average +0.037% · 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−$19as in the Price arb table
costs, in and out, $10k−$150.151% of the position
Funding, last 3 days (all we have)+0.021%+$2 on $10k
+Price spread, last 7 days+0.016%+$2 · spread now 0.000%, 7d avg +0.037%
=Together, before fees+0.037%+ Points / potential airdropExtended: Active · Nado: Active · farm board+$4 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.036% cheaper against Extended than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.037%). If the spread goes back, that is −$4 on $10k: about 14 hours of funding at the current rate (+$6 a day). At the pace of the last 3 days (+0.021% in total) that is about 5.7 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.021% in total (about 2.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.27 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended XAG-USD | 66.313 | 0.0032 | pay 0.0004% / 1h | 54m 38s | $5.3M | $12.2M | 10x |
| Short | Nado XAG-PERP | 66.313 | 0.0247 | get 0.0031% / 1h | 54m 38s | $1.3M | $6.6M | 10x |
Extended XAG-USD
Nado XAG-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Extended. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $45.16
- Price spread: 0.000% → +0.037%
- −$3.65
- Slippage, 4 orders
- −$3.1
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- $26.42
- Costs to cover
- 0.151%
- Break-even
- 2.9 days
Slippage from Extended: live order book, 4 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 Extended live order book, 4 min ago | 0.08 bp | 3.7 bp −$4 | 6.5 bp −$65 | 12.3 bp −$1,232 | doesn't fit |
| Sell Nado live order book, 4 min ago | 0.08 bp | 4.1 bp −$4 | 8.9 bp −$89 | doesn't fit | doesn't fit |
XAG on 43 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 | 66.350 | +0.056% | $15K | — | 5x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.370 | +0.086% | $152.3M | $161.5M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.360 | +0.071% | $2K | $2.8M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.390 | +0.116% | $1.1M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.400 | +0.132% | $1.5M | $250K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.285 | −0.042% | $121K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.400 | +0.131% | $4.8M | $9.4M | 25x | as long as short |
| Extended XAG-USDlong | +0.0032% | 1h | 66.313 | long leg | $5.3M | $12.2M | 10x | |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.132% | $11K | $94K | 52x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 66.370 | +0.086% | $798K | $2.9M | 40x | as long as short |
dYdX XAG-USD
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Lighter RH XAG
Injective XAG/USDC PERP
StandX XAG-USDShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps XAG-USD.P | +0.0042% | 1h | 66.260 | −0.080% | $5.7M | $9.7M | 25x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.818 | +0.762% | — | — | 25x | as long as short |
| Phoenix SILVER | +0.0048% | 1h | 66.307 | −0.009% | $56K | $26K | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.347 | +0.052% | $3.9M | $672K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.269 | −0.066% | $3K | $6K | 20x | as long as short |
| QFEX SILVER-USD | +0.0062% | 1h | 66.360 | +0.071% | $115K | $2.7M | 20x | as long as short |
| Kalshi KXSILVERPERP | +0.0063% | 24h | 66.307 | −0.009% | $543K | $24.5M | 8.1x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.343 | +0.045% | $472K | $607K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.360 | +0.071% | $24.6M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.330 | +0.026% | $113K | $30K | 50x | as long as short |
| tradeXYZ xyz:SILVER | +0.0107% | 1h | 66.376 | +0.095% | $166.1M | $74.6M | 25x | as long as short |
| Paradex XAG-USD-PERP | +0.0141% | 8h | 66.391 | +0.117% | $30K | $1K | 5x | as long as short |
| Aster XAGUSDT | +0.0142% | 4h | 66.390 | +0.116% | $2.7M | $943K | 100x | as long as short |
| Bybit XAGUSDT | +0.0149% | 4h | 66.390 | +0.116% | $26.7M | $36.2M | 150x | as long as short |
| Lighter XAG | +0.0168% | 1h | 66.390 | +0.117% | $5.3M | $10.4M | 25x | as long as short |
| Aevo XAG-PERP | +0.0176% | 1h | 66.340 | +0.041% | $48K | — | 10x | as long as short |
| Variational Omni XAG | +0.0178% | 4h | 66.354 | +0.062% | $5.5M | $9.8M | — | as long as short |
| RISEx XAG/USDC | +0.0181% | 1h | 66.380 | +0.101% | $1.2M | $4.4M | 20x | as long as short |
| MEXC SILVER_USDT | +0.0192% | 4h | 66.370 | +0.086% | $111.6M | $151.6M | 1000x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0192% | 1h | 66.330 | +0.026% | $1.9M | $971K | 20x | as long as short |
| Binance XAGUSDT | +0.0194% | 4h | 66.380 | +0.101% | $192.3M | $706.9M | 100x | as long as short |
| edgeX XAGUSDC | +0.0207% | 4h | 66.410 | +0.146% | $674K | $313K | 30x | as long as short |
| OKX XAG-USDT-SWAP | +0.0217% | 8h | 66.380 | +0.101% | $27.9M | $65.7M | 50x | as long as short |
| Hibachi XAG/USDT-P | +0.0224% | 1h | 66.309 | −0.005% | $20K | $22K | 10x | as long as short |
| Aftermath Perps XAGUSD | +0.0234% | 1h | 66.326 | +0.019% | $80K | $38K | 10x | as long as short |
| Nado XAG-PERPshort | +0.0247% | 1h | 66.313 | 0.000% | $1.3M | $6.6M | 10x | |
| Bitget XAGUSDT | +0.0256% | 4h | 66.380 | +0.101% | $23.9M | $46.1M | 100x | as long as short |
| GRVT XAG_USDT_Perp | +0.0282% | 4h | 66.410 | +0.147% | $399K | $1.5M | 25x | as long as short |
| Bullet SILVER-USD | +0.0291% | 1h | 66.363 | +0.075% | $46K | $75K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0329% / S −0.0338% | 1h | 66.355 | +0.064% | $103K | — | 111x | as long as short |
| Hotstuff SILVER-PERP | +0.0344% | 1h | 66.376 | +0.095% | $35K | $21K | 20x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0504% | 1h | 66.330 | +0.026% | $50K | $326K | 20x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0549% | 1h | 66.312 | −0.002% | $765K | $478K | 25x | as long as short |
Ondo Perps XAG-USD.P
Vest SI-PERP
Phoenix SILVER
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
QFEX SILVER-USD
Kalshi KXSILVERPERP
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
tradeXYZ xyz:SILVER
Paradex XAG-USD-PERP
Aster XAGUSDT
Bybit XAGUSDT
Lighter XAG
Aevo XAG-PERP
Variational Omni XAG
RISEx XAG/USDC
MEXC SILVER_USDT
Coinbase International SILVER-PERP-INTX
Binance XAGUSDT
edgeX XAGUSDC
OKX XAG-USDT-SWAP
Hibachi XAG/USDT-P
Aftermath Perps XAGUSD
Bitget XAGUSDT
GRVT XAG_USDT_Perp
Bullet SILVER-USD
GMX SILVER/USD [ETH-USDC]
Hotstuff SILVER-PERP
Deribit SILVER_USDC-PERPETUAL
Kraken Futures PF_XAGUSD