XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0302%/8h= −33.1% APRnext payment −$0.38 per $10,000 · paid last 24h −0.039%

Price spread now: Nado against Kraken Futures−0.023%7-day average +0.035% · 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−$33as in the Price arb table

costs, in and out, $10k−$270.269% of the position

Long on Kraken Futures Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.070%+$7 on $10k

Price spread, last 4 days (all we have)+0.067%+$7 · spread now −0.023%, 7d avg +0.035%

Together, before fees+0.137%+ Points / potential airdropNado: Active · farm board+$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Nado is 0.058% cheaper against Kraken Futures than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.035%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.070%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.070% in total (about 7.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.38 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	Kraken Futures PF_XAGUSD	66.122	0.0466	pay 0.0058% / 1h	47m 09s	$909K	$688K	25x
Short	Nado XAG-PERP	66.107	0.0164	get 0.0020% / 1h	47m 09s	$1.4M	$5.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Kraken Futures. 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 Kraken FuturesbpFee NadobpOrdersPrice spread, now −0.023%Rate

Funding earned: −$63.48
Price spread: −0.023% → +0.035%: −$5.82
Slippage, 4 orders: −$9.92
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$96.22
Costs to cover: 0.269%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 1 min ago; Nado: live order book, 2 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 Kraken Futures live order book, 1 min ago	3.47 bp	9.2 bp −$9	15.0 bp −$150	102.5 bp −$10.2K	doesn't fit
Sell Nado live order book, 2 min ago	0.08 bp	4.3 bp −$4	8.6 bp −$86	35.5 bp −$3,546	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	−0.0029%	1h	66.020	−0.154%	$5.7M	$9.3M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	66.104	−0.027%	$14K	$66	5x	as long as short
SunX XAG-USDT	0.0000%	4h	66.140	+0.027%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.190	+0.103%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.150	+0.042%	$1.5M	$257K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.094	−0.042%	$121K	—	250x	as long as short
RISEx XAG/USDC	+0.0030%	1h	66.146	+0.036%	$1.3M	$4.8M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	66.142	+0.030%	$4.8M	$9.3M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.094	−0.042%	$5.2M	$11.4M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.420%	$11K	$94K	52x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix SILVER	+0.0036%	1h	66.096	−0.039%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	66.140	+0.027%	$796K	$3.0M	40x	as long as short
Gate XAG_USDT	+0.0042%	4h	66.160	+0.057%	$149.9M	$154.0M	100x	as long as short
Vest SI-PERP	+0.0046%	1h	66.571	+0.679%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.112	−0.015%	$3.9M	$676K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.094	−0.042%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.120	−0.003%	$114K	$2.7M	20x	as long as short
Paradex XAG-USD-PERP	+0.0054%	8h	66.125	+0.005%	$30K	$1K	5x	as long as short
tradeXYZ xyz:SILVER	+0.0071%	1h	66.109	−0.020%	$166.7M	$73.8M	25x	as long as short
Kalshi KXSILVERPERP	+0.0075%	24h	66.112	−0.015%	$519K	$26.7M	8.1x	as long as short
Bybit XAGUSDT	+0.0077%	4h	66.170	+0.073%	$27.8M	$36.2M	150x	as long as short
Pacifica XAG	+0.0100%	1h	66.079	−0.065%	$471K	$607K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.110	−0.018%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.100	−0.033%	$113K	$30K	50x	as long as short
BloFin XAG-USDT	+0.0103%	4h	66.130	+0.012%	$2.6M	$571K	100x	as long as short
Aster XAGUSDT	+0.0108%	4h	66.155	+0.049%	$2.7M	$873K	100x	as long as short
Lighter XAG	+0.0136%	1h	66.147	+0.038%	$5.3M	$10.6M	25x	as long as short
Variational Omni XAG	+0.0151%	4h	66.143	+0.032%	$5.7M	$9.5M	—	as long as short
Aevo XAG-PERP	+0.0152%	1h	66.134	+0.019%	$47K	—	10x	as long as short
MEXC SILVER_USDT	+0.0160%	4h	66.150	+0.042%	$116.4M	$151.8M	1000x	as long as short
Binance XAGUSDT	+0.0161%	4h	66.150	+0.042%	$191.4M	$702.1M	100x	as long as short
Nado XAG-PERPshort	+0.0164%	1h	66.107	−0.023%	$1.4M	$5.5M	10x
edgeX XAGUSDC	+0.0174%	4h	66.143	+0.032%	$671K	$312K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.980	−0.215%	$1.8M	$1.0M	20x	as long as short
Aftermath Perps XAGUSD	+0.0196%	1h	66.096	−0.039%	$80K	$36K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0204%	1h	66.140	+0.027%	$74K	$364K	20x	as long as short
GRVT XAG_USDT_Perp	+0.0206%	4h	66.160	+0.057%	$395K	$1.5M	25x	as long as short
Bitget XAGUSDT	+0.0220%	4h	66.160	+0.057%	$24.0M	$44.8M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0221%	8h	66.150	+0.042%	$27.8M	$64.6M	50x	as long as short
Bullet SILVER-USD	+0.0228%	1h	66.147	+0.038%	$44K	$76K	10x	as long as short
Hotstuff SILVER-PERP	+0.0232%	1h	66.107	−0.023%	$35K	$21K	20x	as long as short
Hibachi XAG/USDT-P	+0.0320%	1h	66.100	−0.033%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0388% / S −0.0443%	1h	66.145	+0.035%	$106K	—	111x	as long as short
Kraken Futures PF_XAGUSDlong	+0.0466%	1h	66.122	long leg	$909K	$688K	25x