XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0319%/8h= +34.9% APRnext payment +$0.40 per $10,000 · paid last 24h +0.039%

Price spread now: Kraken Futures against Nado−0.047%46s7-day average −0.035% · 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—prices read too far apart to compare

costs, in and out, $10k−$280.279% of the position

Long on Nado Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.070%−$7 on $10k

Price spread, last 4 days (all we have)+0.004%$0 · spread now −0.047%, 7d avg −0.035%

Together, before fees−0.067%+ Points / potential airdropNado: Active · farm board−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.035%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair cost −0.070%, so the current rate has only just turned in your favour. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.070% in total (about -7.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.40 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	65.706	0.0150	pay 0.0019% / 1h	7m 29s	$1.3M	$5.5M	10x
Short	Kraken Futures PF_XAGUSD	65.675	0.0469	get 0.0059% / 1h	7m 29s	$916K	$735K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.047%Rate

Funding earned: $66.95
Price spread: −0.047% → −0.035%: −$1.22
Slippage, 4 orders: −$10.88
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $37.85
Costs to cover: 0.279%
Break-even: 3.0 days

Slippage from Nado: live order book, 2 min ago; Kraken Futures: live order book, 41 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, 2 min ago	0.08 bp	3.7 bp −$4	7.7 bp −$77	31.4 bp −$3,137	doesn't fit
Sell Kraken Futures live order book, 41 min ago	3.47 bp	9.3 bp −$9	16.5 bp −$165	61.3 bp −$6,135	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
Hibachi XAG/USDT-P	−0.0016%	1h	65.620	−0.131%	$20K	$19K	10x	as long as short
Ondo Perps XAG-USD.P	−0.0002%	1h	65.660	−0.070%	$5.6M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.698	−0.013%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.700	−0.009%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.740	+0.052%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.690	−0.024%	$1.5M	$280K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.709	+0.004%	$119K	—	250x	as long as short
RISEx XAG/USDC	+0.0030%	1h	65.751	+0.069%	$1.2M	$4.9M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	65.743	+0.057%	$4.7M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.702	−0.006%	$5.2M	$11.7M	10x	as long as short

Show 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	+1.056%	$11K	$94K	52x	as long as short
Gate XAG_USDT	+0.0036%	4h	65.770	+0.097%	$144.7M	$180.8M	100x	as long as short
Phoenix SILVER	+0.0036%	1h	65.648	−0.088%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	65.670	−0.055%	$790K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.172	+0.709%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.716	+0.015%	$3.9M	$711K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.641	−0.099%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.730	+0.037%	$157K	$2.8M	20x	as long as short
Paradex XAG-USD-PERP	+0.0063%	8h	65.739	+0.050%	$29K	$1K	5x	as long as short
Kalshi KXSILVERPERP	+0.0076%	24h	65.678	−0.043%	$448K	$28.9M	8.1x	as long as short
tradeXYZ xyz:SILVER	+0.0078%	1h	65.723	+0.026%	$171.2M	$82.2M	25x	as long as short
Aster XAGUSDT	+0.0083%	4h	65.750	+0.067%	$2.7M	$944K	100x	as long as short
Pacifica XAG	+0.0100%	1h	65.702	−0.007%	$469K	$629K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.720	+0.021%	$24.7M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.580	−0.192%	$112K	$23K	50x	as long as short
Bybit XAGUSDT	+0.0113%	4h	65.780	+0.113%	$28.8M	$39.3M	150x	as long as short
Variational Omni XAG	+0.0127%	4h	65.584	−0.186%	$5.5M	$9.5M	—	as long as short
Lighter XAG	+0.0128%	1h	65.742	+0.055%	$5.4M	$11.4M	25x	as long as short
Binance XAGUSDT	+0.0133%	4h	65.760	+0.082%	$189.6M	$745.8M	100x	as long as short
MEXC SILVER_USDT	+0.0134%	4h	65.750	+0.067%	$113.1M	$162.0M	1000x	as long as short
Aevo XAG-PERP	+0.0136%	1h	65.698	−0.012%	$47K	—	10x	as long as short
edgeX XAGUSDC	+0.0147%	4h	65.560	−0.222%	$667K	$312K	30x	as long as short
Nado XAG-PERPlong	+0.0150%	1h	65.706	long leg	$1.3M	$5.5M	10x
Hotstuff SILVER-PERP	+0.0168%	1h	65.708	+0.003%	$35K	$21K	20x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.660	−0.070%	$1.6M	$1.3M	20x	as long as short
Aftermath Perps XAGUSD	+0.0205%	1h	65.567	−0.212%	$79K	$37K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0207%	1h	65.690	−0.024%	$66K	$368K	20x	as long as short
GRVT XAG_USDT_Perp	+0.0208%	4h	65.644	−0.094%	$398K	$1.5M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0214%	8h	65.750	+0.067%	$28.0M	$70.3M	50x	as long as short
Bitget XAGUSDT	+0.0214%	4h	65.760	+0.082%	$24.0M	$46.3M	100x	as long as short
Bullet SILVER-USD	+0.0240%	1h	65.756	+0.076%	$44K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0366% / S −0.0361%	1h	65.765	+0.090%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0377%	4h	65.680	−0.040%	$2.6M	$622K	100x	as long as short
Kraken Futures PF_XAGUSDshort	+0.0469%	1h	65.675	−0.047%	$916K	$735K	25x