Funding you earn now, next payment 09:00 UTC+0.0201%/8h= +22.0% APRnext payment +$0.25 per $10,000 · paid last 24h +0.035%
Price spread now: Deribit against Nado+0.162%7-day average +0.030% · 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−$10as in the Price arb table
costs, in and out, $10k−$230.227% of the position
Funding, last 4 days (all we have)+0.039%+$4 on $10k
+Price spread, last 4 days (all we have)−0.038%−$4 · spread now +0.162%, 7d avg +0.030%
=Together, before fees+0.001%+ Points / potential airdropNado: Active · farm board$0 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Deribit is 0.132% dearer against Nado than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.030%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.039% in total (about 4.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.25 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 | 64.885 | 0.0165 | pay 0.0021% / 1h | 20m 32s | $1.2M | $4.2M | 10x |
| Short | Deribit SILVER_USDC-PERPETUAL | 64.990 | 0.0366 | get 0.0046% / 1h | 20m 32s | $76K | $435K | 20x |
Nado XAG-PERP
Deribit SILVER_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $42.12
- Price spread: +0.162% → +0.030%
- $13.18
- Slippage, 4 orders
- −$8.69
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $32.62
- Costs to cover
- 0.227%
- Break-even
- 1.6 days
Slippage from Nado: live order book, 3 min ago; Deribit: live order book, 13 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 | 4.4 bp −$4 | 9.3 bp −$93 | 33.6 bp −$3,357 | doesn't fit |
| Sell Deribit live order book, 13 min ago | 3.86 bp | 7.4 bp −$7 | 7.4 bp −$74 | doesn't fit | 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 | 64.926 | +0.063% | $12K | $6K | 5x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.010 | +0.193% | $2K | $2.4M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.010 | +0.193% | $1.1M | $1.3M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.020 | +0.208% | $1.5M | $346K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 64.861 | −0.036% | $117K | — | 250x | as long as short |
| Gate XAG_USDT | +0.0016% | 4h | 65.040 | +0.239% | $138.8M | $187.8M | 100x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.002 | +0.181% | $4.6M | $9.9M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 64.938 | +0.082% | $5.0M | $12.0M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 64.602 | −0.436% | $11K | $240 | 52x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 64.970 | +0.131% | $781K | $3.0M | 40x | as long as short |
dYdX XAG-USD
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Gate XAG_USDT
Lighter RH XAG
Extended XAG-USD
Injective XAG/USDC PERP
StandX XAG-USDShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest SI-PERP | +0.0046% | 1h | 65.431 | +0.842% | — | — | 25x | as long as short |
| QFEX SILVER-USD | +0.0047% | 1h | 65.000 | +0.178% | $446K | $1.5M | 20x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 64.990 | +0.162% | $3.8M | $890K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 64.948 | +0.097% | $3K | $6K | 20x | as long as short |
| Ondo Perps XAG-USD.P | +0.0050% | 1h | 64.900 | +0.023% | $5.6M | $10.1M | 25x | as long as short |
| Variational Omni XAG | +0.0065% | 4h | 65.026 | +0.217% | $5.4M | $9.2M | — | as long as short |
| edgeX XAGUSDC | +0.0071% | 4h | 64.801 | −0.130% | $660K | $314K | 30x | as long as short |
| Paradex XAG-USD-PERP | +0.0076% | 8h | 65.002 | +0.181% | $29K | $166 | 5x | as long as short |
| Aevo XAG-PERP | +0.0080% | 1h | 65.007 | +0.188% | $47K | — | 10x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0080% | 1h | 64.840 | −0.069% | $1.6M | $1.5M | 20x | as long as short |
| Kalshi KXSILVERPERP | +0.0087% | 24h | 64.950 | +0.100% | $489K | $35.1M | 8.1x | as long as short |
| MEXC SILVER_USDT | +0.0094% | 4h | 65.010 | +0.193% | $123.8M | $160.2M | 1000x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 64.949 | +0.099% | $463K | $591K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 64.970 | +0.131% | $25.1M | $4.6M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 64.750 | −0.208% | $111K | $19K | 50x | as long as short |
| Binance XAGUSDT | +0.0102% | 4h | 65.030 | +0.224% | $198.3M | $787.9M | 100x | as long as short |
| Phoenix SILVER | +0.0111% | 1h | 64.615 | −0.416% | $55K | $31K | 25x | as long as short |
| Aster XAGUSDT | +0.0117% | 4h | 65.020 | +0.208% | $2.6M | $1.0M | 100x | as long as short |
| Hotstuff SILVER-PERP | +0.0128% | 1h | 64.968 | +0.128% | $35K | $21K | 20x | as long as short |
| tradeXYZ xyz:SILVER | +0.0136% | 1h | 64.996 | +0.171% | $173.3M | $88.9M | 25x | as long as short |
| RISEx XAG/USDC | +0.0158% | 1h | 65.030 | +0.224% | $1.2M | $4.9M | 20x | as long as short |
| Nado XAG-PERPlong | +0.0165% | 1h | 64.885 | long leg | $1.2M | $4.2M | 10x | |
| OKX XAG-USDT-SWAP | +0.0209% | 8h | 65.040 | +0.239% | $29.0M | $75.9M | 50x | as long as short |
| Aftermath Perps XAGUSD | +0.0218% | 1h | 64.798 | −0.134% | $78K | $37K | 10x | as long as short |
| Bitget XAGUSDT | +0.0220% | 4h | 65.030 | +0.224% | $22.8M | $48.0M | 100x | as long as short |
| Lighter XAG | +0.0232% | 1h | 64.985 | +0.154% | $5.2M | $11.3M | 25x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0237% / S −0.0196% | 1h | 65.035 | +0.231% | $92K | — | 111x | as long as short |
| GRVT XAG_USDT_Perp | +0.0298% | 4h | 64.847 | −0.059% | $386K | $1.6M | 25x | as long as short |
| Bullet SILVER-USD | +0.0310% | 1h | 65.025 | +0.216% | $45K | $75K | 10x | as long as short |
| BloFin XAG-USDT | +0.0336% | 4h | 64.980 | +0.147% | $2.7M | $697K | 100x | as long as short |
| Deribit SILVER_USDC-PERPETUALshort | +0.0366% | 1h | 64.990 | +0.162% | $76K | $435K | 20x | |
| Hibachi XAG/USDT-P | +0.0368% | 1h | 64.890 | +0.008% | $20K | $15K | 10x | as long as short |
| Bybit XAGUSDT | +0.0374% | 4h | 65.040 | +0.239% | $30.2M | $43.7M | 150x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0419% | 1h | 64.975 | +0.139% | $1.0M | $894K | 25x | as long as short |
Vest SI-PERP
QFEX SILVER-USD
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Ondo Perps XAG-USD.P
Variational Omni XAG
edgeX XAGUSDC
Paradex XAG-USD-PERP
Aevo XAG-PERP
Coinbase International SILVER-PERP-INTX
Kalshi KXSILVERPERP
MEXC SILVER_USDT
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Binance XAGUSDT
Phoenix SILVER
Aster XAGUSDT
Hotstuff SILVER-PERP
tradeXYZ xyz:SILVER
RISEx XAG/USDC
OKX XAG-USDT-SWAP
Aftermath Perps XAGUSD
Bitget XAGUSDT
Lighter XAG
GMX SILVER/USD [ETH-USDC]
GRVT XAG_USDT_Perp
Bullet SILVER-USD
BloFin XAG-USDT
Hibachi XAG/USDT-P
Bybit XAGUSDT
Kraken Futures PF_XAGUSD