Funding you earn now, next payment 00:00 UTC−0.0219%/8h= −24.0% APRnext payment −$0.27 per $10,000 · paid last 24h −0.045%
Price spread now: Lighter RH against Nado+0.058%7-day average −0.021% · 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−$5as in the Price arb table
costs, in and out, $10k−$130.131% of the position
Funding, last 3 days (all we have)−0.040%−$4 on $10k
+Price spread, last 7 days−0.070%−$7 · spread now +0.058%, 7d avg −0.021%
=Together, before fees−0.110%+ Points / potential airdropNado: Active · Lighter RH: Points live · farm board−$11 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter RH is 0.078% dearer against Nado than usual: you sell high and buy low (spread +0.058% now, against its 7-day average of −0.021%): +$8 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 29 hours. At the pace of the last 3 days (−0.040% in total) that is about 6.2 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 | Nado XAG-PERP | 66.409 | 0.0251 | pay 0.0031% / 1h | 40m 51s | $1.3M | $6.5M | 10x |
| Short | Lighter RH XAG | 66.447 | 0.0032 | get 0.0004% / 1h | 40m 51s | $4.8M | $9.6M | 25x |
Nado XAG-PERP
Lighter RH XAGFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Nado. 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
- −$45.94
- Price spread: +0.058% → −0.021%
- $7.84
- Slippage, 4 orders
- −$6.11
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$51.2
- Costs to cover
- 0.131%
- Break-even
- never at this rate
Slippage from Nado: live order book, 3 min ago; Lighter RH: live order book, 3 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 Nado live order book, 3 min ago | 0.08 bp | 4.3 bp −$4 | 8.1 bp −$81 | 41.9 bp −$4,189 | doesn't fit |
| Sell Lighter RH live order book, 3 min ago | 1.43 bp | 1.4 bp −$1 | 1.9 bp −$19 | 17.9 bp −$1,792 | 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 | −0.059% | $15K | — | 5x | as long as short |
| Bybit XAGUSDT | 0.0000% | 4h | 66.470 | +0.092% | $25.7M | $33.5M | 150x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.460 | +0.077% | $147.4M | $170.1M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.480 | +0.107% | $2K | $3.1M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.500 | +0.137% | $1.0M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.490 | +0.122% | $1.5M | $250K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.392 | −0.026% | $120K | — | 250x | as long as short |
| Hotstuff SILVER-PERP | +0.0016% | 1h | 66.432 | +0.035% | $35K | $21K | 20x | as long as short |
| Lighter RH XAGshort | +0.0032% | 1h | 66.447 | +0.058% | $4.8M | $9.6M | 25x | |
| Extended XAG-USD | +0.0032% | 1h | 66.400 | −0.013% | $5.5M | $12.3M | 10x | as long as short |
dYdX XAG-USD
Bybit XAGUSDT
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Hotstuff SILVER-PERP
Extended XAG-USDShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | −0.013% | $11K | $94K | 52x | as long as short |
| Phoenix SILVER | +0.0036% | 1h | 66.418 | +0.014% | $56K | $26K | 25x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 66.400 | −0.013% | $795K | $2.7M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.902 | +0.742% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.434 | +0.038% | $3.9M | $699K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.402 | −0.010% | $4K | $5K | 20x | as long as short |
| Ondo Perps XAG-USD.P | +0.0050% | 1h | 66.350 | −0.089% | $5.7M | $10.0M | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0059% | 24h | 66.420 | +0.017% | $590K | $21.2M | 8.1x | as long as short |
| QFEX SILVER-USD | +0.0061% | 1h | 66.460 | +0.077% | $124K | $2.8M | 20x | as long as short |
| tradeXYZ xyz:SILVER | +0.0070% | 1h | 66.429 | +0.030% | $165.6M | $87.6M | 25x | as long as short |
| BloFin XAG-USDT | +0.0082% | 4h | 66.460 | +0.077% | $2.6M | $650K | 100x | as long as short |
| Variational Omni XAG | +0.0088% | 4h | 66.467 | +0.087% | $5.6M | $10.3M | — | as long as short |
| Aster XAGUSDT | +0.0092% | 4h | 66.465 | +0.084% | $2.8M | $1.1M | 100x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.399 | −0.015% | $475K | $625K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.420 | +0.017% | $24.5M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.370 | −0.059% | $126K | $26K | 50x | as long as short |
| MEXC SILVER_USDT | +0.0102% | 4h | 66.460 | +0.077% | $114.4M | $152.9M | 1000x | as long as short |
| Paradex XAG-USD-PERP | +0.0102% | 8h | 66.437 | +0.042% | $30K | $1K | 5x | as long as short |
| Binance XAGUSDT | +0.0102% | 4h | 66.475 | +0.099% | $191.9M | $721.6M | 100x | as long as short |
| Aevo XAG-PERP | +0.0104% | 1h | 66.460 | +0.077% | $48K | — | 10x | as long as short |
| edgeX XAGUSDC | +0.0110% | 4h | 66.443 | +0.051% | $674K | $316K | 30x | as long as short |
| Lighter XAG | +0.0112% | 1h | 66.445 | +0.054% | $5.2M | $10.3M | 25x | as long as short |
| Bitget XAGUSDT | +0.0120% | 4h | 66.480 | +0.107% | $24.2M | $47.9M | 100x | as long as short |
| Aftermath Perps XAGUSD | +0.0148% | 1h | 66.436 | +0.041% | $80K | $40K | 10x | as long as short |
| GRVT XAG_USDT_Perp | +0.0156% | 4h | 66.486 | +0.115% | $399K | $1.4M | 25x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0160% | 1h | 66.460 | +0.077% | $1.9M | $848K | 20x | as long as short |
| OKX XAG-USDT-SWAP | +0.0188% | 8h | 66.460 | +0.077% | $27.6M | $66.2M | 50x | as long as short |
| RISEx XAG/USDC | +0.0208% | 1h | 66.461 | +0.079% | $1.3M | $4.2M | 20x | as long as short |
| Bullet SILVER-USD | +0.0244% | 1h | 66.470 | +0.091% | $46K | $75K | 10x | as long as short |
| Nado XAG-PERPlong | +0.0251% | 1h | 66.409 | long leg | $1.3M | $6.5M | 10x | |
| GMX SILVER/USD [ETH-USDC] | L +0.0258% / S −0.0231% | 1h | 66.465 | +0.084% | $103K | — | 111x | as long as short |
| Hibachi XAG/USDT-P | +0.0304% | 1h | 66.415 | +0.010% | $20K | $22K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0352% | 1h | 66.450 | +0.062% | $51K | $360K | 20x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0596% | 1h | 66.437 | +0.042% | $768K | $566K | 25x | as long as short |
Injective XAG/USDC PERP
Phoenix SILVER
StandX XAG-USD
Vest SI-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Ondo Perps XAG-USD.P
Kalshi KXSILVERPERP
QFEX SILVER-USD
tradeXYZ xyz:SILVER
BloFin XAG-USDT
Variational Omni XAG
Aster XAGUSDT
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
MEXC SILVER_USDT
Paradex XAG-USD-PERP
Binance XAGUSDT
Aevo XAG-PERP
edgeX XAGUSDC
Lighter XAG
Bitget XAGUSDT
Aftermath Perps XAGUSD
GRVT XAG_USDT_Perp
Coinbase International SILVER-PERP-INTX
OKX XAG-USDT-SWAP
RISEx XAG/USDC
Bullet SILVER-USD
GMX SILVER/USD [ETH-USDC]
Hibachi XAG/USDT-P
Deribit SILVER_USDC-PERPETUAL
Kraken Futures PF_XAGUSD