Funding you earn now, next payment 08:00 UTC+0.0115%/8h= +12.6% APRnext payment +$0.14 per $10,000 · paid last 24h +0.035%
Price spread now: Nado against Polymarket Perps+0.025%7-day average +0.064% · 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−$25as in the Price arb table
costs, in and out, $10k−$210.213% of the position
Funding, last 4 days (all we have)+0.046%+$5 on $10k
+Price spread, last 7 days+0.011%+$1 · spread now +0.025%, 7d avg +0.064%
=Together, before fees+0.056%+ Points / potential airdropNado: Active · farm board+$6 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.038% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread +0.025% now, against its 7-day average of +0.064%). If the spread goes back, that is −$4 on $10k: about 26 hours of funding at the current rate (+$3 a day). At the pace of the last 4 days (+0.046% in total) that is about 2.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps SILVER-USD | 65.093 | 0.0050 | pay 0.0006% / 1h | 17m 14s | $3.8M | $892K | 20x |
| Short | Nado XAG-PERP | 65.110 | 0.0165 | get 0.0021% / 1h | 17m 14s | $1.2M | $4.7M | 10x |
Polymarket Perps SILVER-USD
Nado XAG-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Polymarket Perps. 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
- $24.12
- Price spread: +0.025% → +0.064%
- −$3.8
- Slippage, 4 orders
- −$6.29
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$0.97
- Costs to cover
- 0.213%
- Break-even
- 7.3 days
Slippage from Polymarket Perps: live order book, 2 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 Polymarket Perps live order book, 2 min ago | 0.08 bp | 6.7 bp −$7 | 6.8 bp −$68 | 8.0 bp −$802 | doesn't fit |
| Sell Nado live order book, 2 min ago | 0.31 bp | 5.0 bp −$5 | 8.1 bp −$81 | 35.1 bp −$3,509 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff SILVER-PERP | −0.0040% | 1h | 65.131 | +0.058% | $35K | $21K | 20x | as long as short |
| Ondo Perps XAG-USD.P | −0.0030% | 1h | 65.030 | −0.097% | $5.6M | $9.8M | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.070 | −0.035% | $12K | $5K | 5x | as long as short |
| Bybit XAGUSDT | 0.0000% | 4h | 65.140 | +0.072% | $27.7M | $39.2M | 150x | as long as short |
| Variational Omni XAG | 0.0000% | 4h | 65.124 | +0.047% | $5.5M | $9.1M | — | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.120 | +0.041% | $2K | $2.5M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.150 | +0.088% | $1.1M | $1.3M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.150 | +0.088% | $1.5M | $279K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.061 | −0.050% | $118K | — | 250x | as long as short |
| Gate XAG_USDT | +0.0028% | 4h | 65.140 | +0.072% | $140.5M | $181.2M | 100x | as long as short |
Hotstuff SILVER-PERP
Ondo Perps XAG-USD.P
dYdX XAG-USD
Bybit XAGUSDT
Variational Omni XAG
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Gate XAG_USDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XAG | +0.0032% | 1h | 65.133 | +0.061% | $4.6M | $9.9M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.065 | −0.043% | $5.0M | $11.7M | 10x | as long as short |
| MEXC SILVER_USDT | +0.0032% | 4h | 65.110 | +0.026% | $126.8M | $160.8M | 1000x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +2.008% | $11K | $94K | 52x | as long as short |
| Binance XAGUSDT | +0.0035% | 4h | 65.127 | +0.053% | $191.3M | $757.2M | 100x | as long as short |
| Aster XAGUSDT | +0.0037% | 4h | 65.133 | +0.062% | $2.7M | $975K | 100x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 65.160 | +0.103% | $784K | $2.9M | 40x | as long as short |
| QFEX SILVER-USD | +0.0044% | 1h | 65.110 | +0.026% | $160K | $1.4M | 20x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 65.541 | +0.688% | — | — | 25x | as long as short |
| Aevo XAG-PERP | +0.0048% | 1h | 65.115 | +0.034% | $47K | — | 10x | as long as short |
| Polymarket Perps SILVER-USDlong | +0.0050% | 1h | 65.093 | long leg | $3.8M | $892K | 20x | |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.060 | −0.051% | $3K | $6K | 20x | as long as short |
| edgeX XAGUSDC | +0.0050% | 4h | 65.121 | +0.043% | $663K | $314K | 30x | as long as short |
| Paradex XAG-USD-PERP | +0.0054% | 8h | 65.124 | +0.047% | $29K | $1K | 5x | as long as short |
| Phoenix SILVER | +0.0061% | 1h | 65.070 | −0.035% | $55K | $31K | 25x | as long as short |
| tradeXYZ xyz:SILVER | +0.0067% | 1h | 65.102 | +0.014% | $173.0M | $84.6M | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0080% | 24h | 65.106 | +0.020% | $482K | $32.2M | 8.1x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0096% | 1h | 64.970 | −0.189% | $1.6M | $1.4M | 20x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.085 | −0.013% | $463K | $600K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.080 | −0.020% | $25.2M | $4.7M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.070 | −0.035% | $111K | $19K | 50x | as long as short |
| RISEx XAG/USDC | +0.0118% | 1h | 65.135 | +0.064% | $1.2M | $4.8M | 20x | as long as short |
| BloFin XAG-USDT | +0.0139% | 4h | 65.110 | +0.026% | $2.7M | $625K | 100x | as long as short |
| GRVT XAG_USDT_Perp | +0.0142% | 4h | 65.140 | +0.072% | $394K | $1.6M | 25x | as long as short |
| Bitget XAGUSDT | +0.0158% | 4h | 65.130 | +0.057% | $23.2M | $44.9M | 100x | as long as short |
| Nado XAG-PERPshort | +0.0165% | 1h | 65.110 | +0.025% | $1.2M | $4.7M | 10x | |
| OKX XAG-USDT-SWAP | +0.0171% | 8h | 65.140 | +0.072% | $28.4M | $70.5M | 50x | as long as short |
| Lighter XAG | +0.0184% | 1h | 65.126 | +0.050% | $5.3M | $11.3M | 25x | as long as short |
| Aftermath Perps XAGUSD | +0.0192% | 1h | 65.111 | +0.027% | $78K | $37K | 10x | as long as short |
| Hibachi XAG/USDT-P | +0.0232% | 1h | 65.115 | +0.034% | $20K | $17K | 10x | as long as short |
| Bullet SILVER-USD | +0.0235% | 1h | 65.143 | +0.077% | $45K | $75K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0238% / S −0.0196% | 1h | 65.175 | +0.126% | $92K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0364% | 1h | 65.100 | +0.011% | $1.0M | $869K | 25x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0365% | 1h | 65.110 | +0.026% | $65K | $395K | 20x | as long as short |
Lighter RH XAG
Extended XAG-USD
MEXC SILVER_USDT
Injective XAG/USDC PERP
Binance XAGUSDT
Aster XAGUSDT
StandX XAG-USD
QFEX SILVER-USD
Vest SI-PERP
Aevo XAG-PERP
SoDEX SILVER-USD
edgeX XAGUSDC
Paradex XAG-USD-PERP
Phoenix SILVER
tradeXYZ xyz:SILVER
Kalshi KXSILVERPERP
Coinbase International SILVER-PERP-INTX
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
RISEx XAG/USDC
BloFin XAG-USDT
GRVT XAG_USDT_Perp
Bitget XAGUSDT
OKX XAG-USDT-SWAP
Lighter XAG
Aftermath Perps XAGUSD
Hibachi XAG/USDT-P
Bullet SILVER-USD
GMX SILVER/USD [ETH-USDC]
Kraken Futures PF_XAGUSD
Deribit SILVER_USDC-PERPETUAL