XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0145%/8h= −15.9% APRnext payment −$0.18 per $10,000 · paid last 24h −0.035%

Price spread now: tradeXYZ against Nado+0.063%7-day average −0.044% · 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−$17as in the Price arb table

costs, in and out, $10k−$280.281% of the position

Long on Nado Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.039%−$4 on $10k

Price spread, last 7 days−0.104%−$10 · spread now +0.063%, 7d avg −0.044%

Together, before fees−0.142%+ Points / potential airdropNado: Active · tradeXYZ: Active · farm board−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.107% dearer against Nado than usual: you sell high and buy low (spread +0.063% now, against its 7-day average of −0.044%): +$11 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.4 days. At the pace of the last 3 days (−0.039% in total) that is about 9.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado XAG-PERP	66.198	0.0242	pay 0.0030% / 1h	50m 58s	$1.3M	$6.6M	10x
Short	tradeXYZ xyz:SILVER	66.240	0.0097	get 0.0012% / 1h	50m 58s	$165.8M	$74.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Nado. 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 NadobpFee tradeXYZbpOrdersPrice spread, now +0.063%Rate

Funding earned: −$30.48
Price spread: +0.063% → −0.044%: $10.66
Slippage, 4 orders: −$3.1
Fee Nado: 3.5 bp × 2 orders: −$7
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$47.92
Costs to cover: 0.281%
Break-even: never at this rate

Slippage from Nado: live order book, 3 min ago; tradeXYZ: live order book, 9 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	4.2 bp −$4	7.8 bp −$78	30.8 bp −$3,084	doesn't fit
Sell tradeXYZ live order book, 9 min ago	0.38 bp	9.5 bp −$9	10.2 bp −$102	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	66.236	+0.056%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.290	+0.138%	$151.7M	$161.7M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.220	+0.033%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.280	+0.123%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.290	+0.138%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.180	−0.027%	$121K	—	250x	as long as short
Ondo Perps XAG-USD.P	+0.0022%	1h	66.160	−0.058%	$5.7M	$9.7M	25x	as long as short
Lighter RH XAG	+0.0032%	1h	66.254	+0.085%	$4.8M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.206	+0.011%	$5.3M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.304%	$11K	$94K	52x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff SILVER-PERP	+0.0040%	1h	66.273	+0.113%	$35K	$21K	20x	as long as short
StandX XAG-USD	+0.0040%	1h	66.390	+0.289%	$799K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.691	+0.744%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.196	−0.004%	$3.9M	$673K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.188	−0.016%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.230	+0.048%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0063%	24h	66.249	+0.076%	$547K	$24.5M	8.1x	as long as short
Phoenix SILVER	+0.0084%	1h	66.303	+0.158%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVERshort	+0.0097%	1h	66.240	+0.063%	$165.8M	$74.7M	25x
Pacifica XAG	+0.0100%	1h	66.219	+0.031%	$471K	$607K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.200	+0.002%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.330	+0.199%	$113K	$30K	50x	as long as short
Paradex XAG-USD-PERP	+0.0138%	8h	66.270	+0.108%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0142%	4h	66.240	+0.063%	$2.7M	$917K	100x	as long as short
Bybit XAGUSDT	+0.0144%	4h	66.300	+0.153%	$26.7M	$36.2M	150x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.244	+0.069%	$48K	—	10x	as long as short
Lighter XAG	+0.0176%	1h	66.262	+0.096%	$5.3M	$10.4M	25x	as long as short
Variational Omni XAG	+0.0176%	4h	66.242	+0.066%	$5.5M	$9.7M	—	as long as short
RISEx XAG/USDC	+0.0181%	1h	66.250	+0.078%	$1.2M	$4.4M	20x	as long as short
MEXC SILVER_USDT	+0.0192%	4h	66.260	+0.093%	$111.5M	$151.7M	1000x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.350	+0.229%	$1.9M	$972K	20x	as long as short
Binance XAGUSDT	+0.0192%	4h	66.274	+0.115%	$192.0M	$705.9M	100x	as long as short
edgeX XAGUSDC	+0.0201%	4h	66.366	+0.253%	$673K	$314K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0217%	8h	66.280	+0.123%	$27.8M	$65.7M	50x	as long as short
Aftermath Perps XAGUSD	+0.0233%	1h	66.281	+0.125%	$80K	$38K	10x	as long as short
Hibachi XAG/USDT-P	+0.0240%	1h	66.320	+0.184%	$20K	$22K	10x	as long as short
Nado XAG-PERPlong	+0.0242%	1h	66.198	long leg	$1.3M	$6.6M	10x
Bitget XAGUSDT	+0.0254%	4h	66.280	+0.123%	$23.9M	$46.1M	100x	as long as short
Bullet SILVER-USD	+0.0267%	1h	66.250	+0.077%	$46K	$75K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0282%	4h	66.380	+0.274%	$393K	$1.5M	25x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0330% / S −0.0341%	1h	66.255	+0.085%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0354%	1h	66.240	+0.063%	$50K	$326K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0550%	1h	66.198	−0.001%	$763K	$475K	25x	as long as short