XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0025%/8h= +2.7% APRnext payment +$0.03 per $10,000 · paid last 24h +0.013%

Price spread now: Nado against Lighter−0.043%7-day average +0.001% · 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−$14as in the Price arb table

costs, in and out, $10k−$90.091% of the position

Long on Lighter Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.012%+$1 on $10k

Price spread, last 7 days+0.032%+$3 · spread now −0.043%, 7d avg +0.001%

Together, before fees+0.044%+ Points / potential airdropLighter: Season 3 · Nado: Active · farm board+$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.044% cheaper against Lighter than usual: you would sell low and buy high (spread −0.043% now, against its 7-day average of +0.001%). If the spread goes back, that is −$4 on $10k: about 6.0 days of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.012% in total) that is about 13 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XAG	66.147	0.0144	pay 0.0018% / 1h	50m 19s	$5.2M	$10.6M	25x
Short	Nado XAG-PERP	66.118	0.0169	get 0.0021% / 1h	50m 19s	$1.4M	$5.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Lighter. 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 LighterbpFee NadobpOrdersPrice spread, now −0.043%Rate

Funding earned: $5.2
Price spread: −0.043% → +0.001%: −$4.45
Slippage, 4 orders: −$2.07
Fee Lighter: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$8.31
Costs to cover: 0.091%
Break-even: 18.2 days

Slippage from Lighter: 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 Lighter live order book, 3 min ago	0.04 bp	0.0 bp $0	0.5 bp −$5	3.2 bp −$319	16.2 bp −$8,096
Sell Nado live order book, 4 min ago	0.08 bp	4.1 bp −$4	8.2 bp −$82	35.7 bp −$3,572	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	−0.0026%	1h	66.040	−0.161%	$5.7M	$9.3M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	66.104	−0.065%	$14K	$66	5x	as long as short
SunX XAG-USDT	0.0000%	4h	66.150	+0.005%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.180	+0.050%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.160	+0.020%	$1.5M	$257K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.093	−0.081%	$121K	—	250x	as long as short
RISEx XAG/USDC	+0.0030%	1h	66.159	+0.018%	$1.3M	$4.8M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	66.141	−0.008%	$4.8M	$9.3M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.095	−0.078%	$5.2M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.383%	$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	66.018	−0.195%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	66.160	+0.020%	$796K	$3.0M	40x	as long as short
Gate XAG_USDT	+0.0044%	4h	66.170	+0.035%	$149.9M	$153.9M	100x	as long as short
Vest SI-PERP	+0.0046%	1h	66.581	+0.656%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.122	−0.037%	$3.9M	$676K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.091	−0.084%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.130	−0.025%	$114K	$2.7M	20x	as long as short
Paradex XAG-USD-PERP	+0.0054%	8h	66.139	−0.012%	$30K	$1K	5x	as long as short
Kalshi KXSILVERPERP	+0.0075%	24h	66.126	−0.031%	$513K	$26.7M	8.1x	as long as short
tradeXYZ xyz:SILVER	+0.0079%	1h	66.121	−0.039%	$166.7M	$73.8M	25x	as long as short
Bybit XAGUSDT	+0.0092%	4h	66.160	+0.020%	$27.8M	$36.4M	150x	as long as short
Pacifica XAG	+0.0100%	1h	66.102	−0.068%	$471K	$605K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.120	−0.041%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.060	−0.131%	$113K	$30K	50x	as long as short
Aster XAGUSDT	+0.0113%	4h	66.151	+0.007%	$2.7M	$873K	100x	as long as short
Lighter XAGlong	+0.0144%	1h	66.147	long leg	$5.2M	$10.6M	25x
Variational Omni XAG	+0.0151%	4h	66.143	−0.005%	$5.7M	$9.5M	—	as long as short
Aevo XAG-PERP	+0.0152%	1h	66.143	−0.006%	$47K	—	10x	as long as short
BloFin XAG-USDT	+0.0156%	4h	66.120	−0.041%	$2.6M	$571K	100x	as long as short
Binance XAGUSDT	+0.0165%	4h	66.150	+0.004%	$191.3M	$703.3M	100x	as long as short
MEXC SILVER_USDT	+0.0166%	4h	66.140	−0.010%	$116.4M	$151.8M	1000x	as long as short
Nado XAG-PERPshort	+0.0169%	1h	66.118	−0.043%	$1.4M	$5.6M	10x
edgeX XAGUSDC	+0.0172%	4h	66.086	−0.092%	$671K	$311K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.980	−0.252%	$1.8M	$1.0M	20x	as long as short
Aftermath Perps XAGUSD	+0.0198%	1h	66.063	−0.126%	$79K	$36K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0204%	1h	66.130	−0.025%	$74K	$364K	20x	as long as short
GRVT XAG_USDT_Perp	+0.0212%	4h	66.113	−0.051%	$395K	$1.5M	25x	as long as short
Bitget XAGUSDT	+0.0222%	4h	66.160	+0.020%	$24.0M	$44.9M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0222%	8h	66.160	+0.020%	$27.8M	$64.7M	50x	as long as short
Bullet SILVER-USD	+0.0234%	1h	66.167	+0.031%	$44K	$76K	10x	as long as short
Hotstuff SILVER-PERP	+0.0240%	1h	66.123	−0.036%	$35K	$21K	20x	as long as short
Hibachi XAG/USDT-P	+0.0328%	1h	66.096	−0.077%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0388% / S −0.0443%	1h	66.155	+0.012%	$106K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0466%	1h	66.123	−0.036%	$909K	$688K	25x	as long as short