XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0218%/8h= +23.9% APRnext payment +$0.27 per $10,000 · paid last 24h +0.045%

Price spread now: Nado against Lighter RH−0.090%7-day average +0.021% · 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−$24as in the Price arb table

costs, in and out, $10k−$130.131% of the position

Long on Lighter RH Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.040%+$4 on $10k

Price spread, last 7 days+0.102%+$10 · spread now −0.090%, 7d avg +0.021%

Together, before fees+0.142%+ Points / potential airdropLighter RH: Points live · Nado: Active · farm board+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.111% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.090% now, against its 7-day average of +0.021%). If the spread goes back, that is −$11 on $10k: about 41 hours of funding at the current rate (+$7 a day). At the pace of the last 3 days (+0.040% in total) that is about 8.8 days.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.040% in total (about 4.6% 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	Lighter RH XAG	66.463	0.0032	pay 0.0004% / 1h	40m 18s	$4.8M	$9.6M	25x
Short	Nado XAG-PERP	66.403	0.0250	get 0.0031% / 1h	40m 18s	$1.3M	$6.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Lighter RH. 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 Lighter RHbpFee NadobpOrdersPrice spread, now −0.090%Rate

Funding earned: $45.85
Price spread: −0.090% → +0.021%: −$11.1
Slippage, 4 orders: −$6.11
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $21.64
Costs to cover: 0.131%
Break-even: 3.7 days

Slippage from Lighter RH: 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 RH live order book, 3 min ago	1.43 bp	2.9 bp −$3	3.7 bp −$37	22.4 bp −$2,243	doesn't fit
Sell Nado live order book, 4 min ago	0.08 bp	4.5 bp −$4	9.3 bp −$93	48.1 bp −$4,809	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
dYdX XAG-USD	0.0000%	1h	66.370	−0.141%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.460	−0.005%	$25.7M	$33.7M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.440	−0.035%	$147.2M	$170.2M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.470	+0.010%	$2K	$3.1M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.500	+0.055%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.470	+0.010%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.372	−0.137%	$120K	—	250x	as long as short
Lighter RH XAGlong	+0.0032%	1h	66.463	long leg	$4.8M	$9.6M	25x
Extended XAG-USD	+0.0032%	1h	66.377	−0.130%	$5.5M	$12.3M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.096%	$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	66.418	−0.068%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	66.410	−0.080%	$795K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.898	+0.654%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.426	−0.056%	$3.9M	$699K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.374	−0.135%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.360	−0.156%	$5.7M	$10.0M	25x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.420	−0.065%	$590K	$21.2M	8.1x	as long as short
QFEX SILVER-USD	+0.0061%	1h	66.460	−0.005%	$124K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0070%	1h	66.400	−0.096%	$165.5M	$87.6M	25x	as long as short
Hotstuff SILVER-PERP	+0.0080%	1h	66.435	−0.043%	$35K	$21K	20x	as long as short
BloFin XAG-USDT	+0.0082%	4h	66.460	−0.005%	$2.6M	$650K	100x	as long as short
Variational Omni XAG	+0.0090%	4h	66.457	−0.010%	$5.6M	$10.1M	—	as long as short
Aster XAGUSDT	+0.0092%	4h	66.473	+0.014%	$2.8M	$1.1M	100x	as long as short
Pacifica XAG	+0.0100%	1h	66.414	−0.074%	$475K	$625K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.420	−0.065%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.370	−0.141%	$126K	$26K	50x	as long as short
MEXC SILVER_USDT	+0.0102%	4h	66.450	−0.020%	$114.5M	$152.9M	1000x	as long as short
Paradex XAG-USD-PERP	+0.0102%	8h	66.451	−0.019%	$30K	$1K	5x	as long as short
Binance XAGUSDT	+0.0103%	4h	66.450	−0.020%	$191.9M	$721.6M	100x	as long as short
Aevo XAG-PERP	+0.0104%	1h	66.441	−0.034%	$48K	—	10x	as long as short
edgeX XAGUSDC	+0.0110%	4h	66.443	−0.031%	$674K	$316K	30x	as long as short
Lighter XAG	+0.0112%	1h	66.425	−0.058%	$5.2M	$10.3M	25x	as long as short
Bitget XAGUSDT	+0.0122%	4h	66.450	−0.020%	$24.2M	$47.9M	100x	as long as short
Aftermath Perps XAGUSD	+0.0149%	1h	66.433	−0.046%	$80K	$40K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0156%	4h	66.486	+0.033%	$399K	$1.4M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0160%	1h	66.420	−0.065%	$1.9M	$848K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0188%	8h	66.440	−0.035%	$27.6M	$66.1M	50x	as long as short
RISEx XAG/USDC	+0.0208%	1h	66.473	+0.015%	$1.3M	$4.2M	20x	as long as short
Bullet SILVER-USD	+0.0245%	1h	66.448	−0.023%	$46K	$75K	10x	as long as short
Nado XAG-PERPshort	+0.0250%	1h	66.403	−0.090%	$1.3M	$6.6M	10x
GMX SILVER/USD [ETH-USDC]	L +0.0258% / S −0.0231%	1h	66.445	−0.028%	$103K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0304%	1h	66.409	−0.081%	$20K	$22K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0503%	1h	66.430	−0.050%	$50K	$360K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0596%	1h	66.420	−0.065%	$768K	$566K	25x	as long as short