XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0027%/8h= +3.0% APRnext payment +$0.03 per $10,000 · paid last 24h +0.013%

Price spread now: Nado against Lighter−0.165%7-day average 0.000% · 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−$27as in the Price arb table

costs, in and out, $10k−$100.101% 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)+0.013%+$1 on $10k

Price spread, last 7 days+0.145%+$15 · spread now −0.165%, 7d avg 0.000%

Together, before fees+0.158%+ Points / potential airdropLighter: Season 3 · Nado: Active · farm board+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.165% cheaper against Lighter than usual: you would sell low and buy high (spread −0.165% now, against its 7-day average of 0.000%). If the spread goes back, that is −$16 on $10k: about 20 days of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.013% in total) that is about 44 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XAG	65.691	0.0128	pay 0.0016% / 1h	9m 50s	$5.3M	$11.2M	25x
Short	Nado XAG-PERP	65.582	0.0155	get 0.0019% / 1h	9m 50s	$1.3M	$5.5M	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 −0.165%Rate

Funding earned: $5.71
Price spread: −0.165% → 0.000%: −$16.5
Slippage, 4 orders: −$3.08
Fee Lighter: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$20.86
Costs to cover: 0.101%
Break-even: 32.6 days

Slippage from Lighter: live order book, 4 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, 4 min ago	0.47 bp	0.5 bp $0	0.6 bp −$6	5.9 bp −$593	17.1 bp −$8,550
Sell Nado live order book, 4 min ago	0.08 bp	4.7 bp −$5	8.5 bp −$85	33.4 bp −$3,340	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	65.576	−0.174%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.690	−0.001%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.710	+0.030%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.690	−0.001%	$1.5M	$280K	100x	as long as short
Ondo Perps XAG-USD.P	+0.0001%	1h	65.560	−0.199%	$5.6M	$9.7M	25x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.616	−0.113%	$119K	—	250x	as long as short
RISEx XAG/USDC	+0.0030%	1h	65.662	−0.043%	$1.2M	$4.9M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	65.671	−0.030%	$4.7M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.639	−0.079%	$5.1M	$11.7M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.080%	$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	65.418	−0.415%	$56K	$26K	25x	as long as short
Gate XAG_USDT	+0.0040%	4h	65.710	+0.030%	$145.2M	$179.9M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.570	−0.184%	$789K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.068	+0.575%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.627	−0.097%	$3.9M	$710K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.636	−0.083%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.630	−0.092%	$157K	$2.8M	20x	as long as short
Hotstuff SILVER-PERP	+0.0056%	1h	65.607	−0.127%	$35K	$21K	20x	as long as short
Paradex XAG-USD-PERP	+0.0064%	8h	65.616	−0.114%	$29K	$1K	5x	as long as short
Kalshi KXSILVERPERP	+0.0076%	24h	65.640	−0.077%	$450K	$28.9M	8.1x	as long as short
tradeXYZ xyz:SILVER	+0.0081%	1h	65.659	−0.048%	$171.1M	$82.7M	25x	as long as short
Aster XAGUSDT	+0.0088%	4h	65.680	−0.016%	$2.7M	$944K	100x	as long as short
Pacifica XAG	+0.0100%	1h	65.585	−0.161%	$468K	$626K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.660	−0.047%	$24.7M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.400	−0.442%	$112K	$23K	50x	as long as short
Bybit XAGUSDT	+0.0125%	4h	65.700	+0.014%	$28.9M	$38.9M	150x	as long as short
Variational Omni XAG	+0.0127%	4h	65.584	−0.163%	$5.5M	$9.5M	—	as long as short
Lighter XAGlong	+0.0128%	1h	65.691	long leg	$5.3M	$11.2M	25x
Hibachi XAG/USDT-P	+0.0136%	1h	65.476	−0.327%	$20K	$19K	10x	as long as short
Aevo XAG-PERP	+0.0136%	1h	65.678	−0.020%	$47K	—	10x	as long as short
Binance XAGUSDT	+0.0138%	4h	65.690	−0.001%	$189.4M	$744.8M	100x	as long as short
MEXC SILVER_USDT	+0.0138%	4h	65.680	−0.016%	$123.8M	$161.7M	1000x	as long as short
Nado XAG-PERPshort	+0.0155%	1h	65.582	−0.165%	$1.3M	$5.5M	10x
edgeX XAGUSDC	+0.0158%	4h	65.443	−0.377%	$666K	$311K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.530	−0.244%	$1.6M	$1.3M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0204%	4h	65.430	−0.397%	$397K	$1.5M	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0207%	1h	65.680	−0.016%	$66K	$368K	20x	as long as short
Aftermath Perps XAGUSD	+0.0208%	1h	65.471	−0.335%	$79K	$37K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0216%	8h	65.700	+0.014%	$28.0M	$70.2M	50x	as long as short
Bitget XAGUSDT	+0.0216%	4h	65.700	+0.014%	$23.8M	$46.3M	100x	as long as short
Bullet SILVER-USD	+0.0245%	1h	65.681	−0.015%	$43K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0366% / S −0.0361%	1h	65.675	−0.024%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0379%	4h	65.610	−0.123%	$2.6M	$622K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0469%	1h	65.657	−0.051%	$916K	$735K	25x	as long as short