Funding you earn now, next payment 05:00 UTC−0.0136%/8h= −14.9% APRnext payment −$0.17 per $10,000 · paid last 24h −0.039%
Price spread now: Polymarket Perps against Nado+0.022%7-day average −0.066% · 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−$190.193% of the position
Funding, last 3 days (all we have)−0.041%−$4 on $10k
+Price spread, last 7 days−0.065%−$7 · spread now +0.022%, 7d avg −0.066%
=Together, before fees−0.107%+ Points / potential airdropNado: Active · farm board−$11 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Polymarket Perps is 0.088% dearer against Nado than usual: you sell high and buy low (spread +0.022% now, against its 7-day average of −0.066%): +$9 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.1 days. At the pace of the last 3 days (−0.041% in total) that is about 7.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado XAG-PERP | 66.012 | 0.0186 | pay 0.0023% / 1h | 5m 09s | $1.4M | $5.8M | 10x |
| Short | Polymarket Perps SILVER-USD | 66.027 | 0.0050 | get 0.0006% / 1h | 5m 09s | $3.9M | $676K | 20x |
Nado XAG-PERP
Polymarket Perps SILVER-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$28.63
- Price spread: +0.022% → −0.066%
- $8.78
- Slippage, 4 orders
- −$4.28
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$39.13
- Costs to cover
- 0.193%
- Break-even
- never at this rate
Slippage from Nado: live order book, 4 min ago; Polymarket Perps: 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 Nado live order book, 4 min ago | 0.08 bp | 3.6 bp −$4 | 6.6 bp −$66 | 28.5 bp −$2,850 | doesn't fit |
| Sell Polymarket Perps live order book, 4 min ago | 0.76 bp | 5.2 bp −$5 | 5.6 bp −$56 | 6.9 bp −$691 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps XAG-USD.P | −0.0051% | 1h | 65.950 | −0.094% | $5.7M | $9.2M | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.989 | −0.036% | $14K | $66 | 5x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.080 | +0.103% | $2K | $2.6M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.080 | +0.103% | $1.1M | $1.0M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.070 | +0.087% | $1.5M | $317K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.999 | −0.020% | $120K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.054 | +0.063% | $4.8M | $9.6M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.998 | −0.022% | $5.2M | $11.5M | 10x | as long as short |
| Hotstuff SILVER-PERP | +0.0032% | 1h | 66.027 | +0.022% | $35K | $21K | 20x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.587% | $11K | $94K | 52x | as long as short |
Ondo Perps XAG-USD.P
dYdX XAG-USD
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Lighter RH XAG
Extended XAG-USD
Hotstuff SILVER-PERP
Injective XAG/USDC PERPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX XAG-USD | +0.0040% | 1h | 66.060 | +0.072% | $795K | $3.0M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.477 | +0.704% | — | — | 25x | as long as short |
| Gate XAG_USDT | +0.0046% | 4h | 66.080 | +0.103% | $149.9M | $164.4M | 100x | as long as short |
| Polymarket Perps SILVER-USDshort | +0.0050% | 1h | 66.027 | +0.022% | $3.9M | $676K | 20x | |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.997 | −0.023% | $3K | $6K | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0056% | 8h | 66.044 | +0.049% | $30K | $1K | 5x | as long as short |
| QFEX SILVER-USD | +0.0060% | 1h | 66.050 | +0.057% | $114K | $2.7M | 20x | as long as short |
| tradeXYZ xyz:SILVER | +0.0060% | 1h | 66.024 | +0.018% | $166.3M | $73.9M | 25x | as long as short |
| Phoenix SILVER | +0.0073% | 1h | 65.995 | −0.026% | $56K | $26K | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0074% | 24h | 66.028 | +0.024% | $530K | $26.7M | 8.1x | as long as short |
| RISEx XAG/USDC | +0.0080% | 1h | 66.062 | +0.075% | $1.3M | $4.9M | 20x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.997 | −0.023% | $469K | $604K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.030 | +0.027% | $24.4M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.990 | −0.034% | $113K | $30K | 50x | as long as short |
| Bybit XAGUSDT | +0.0108% | 4h | 66.080 | +0.103% | $27.8M | $36.5M | 150x | as long as short |
| Lighter XAG | +0.0120% | 1h | 66.054 | +0.063% | $5.2M | $10.9M | 25x | as long as short |
| Aster XAGUSDT | +0.0121% | 4h | 66.050 | +0.057% | $2.7M | $866K | 100x | as long as short |
| Variational Omni XAG | +0.0164% | 4h | 66.053 | +0.062% | $5.7M | $9.5M | — | as long as short |
| Aevo XAG-PERP | +0.0168% | 1h | 66.053 | +0.062% | $47K | — | 10x | as long as short |
| MEXC SILVER_USDT | +0.0174% | 4h | 66.060 | +0.072% | $115.0M | $152.9M | 1000x | as long as short |
| Binance XAGUSDT | +0.0175% | 4h | 66.068 | +0.085% | $191.0M | $703.1M | 100x | as long as short |
| edgeX XAGUSDC | +0.0182% | 4h | 66.013 | +0.001% | $670K | $311K | 30x | as long as short |
| Nado XAG-PERPlong | +0.0186% | 1h | 66.012 | long leg | $1.4M | $5.8M | 10x | |
| BloFin XAG-USDT | +0.0196% | 4h | 66.060 | +0.072% | $2.6M | $570K | 100x | as long as short |
| Aftermath Perps XAGUSD | +0.0198% | 1h | 66.022 | +0.015% | $79K | $36K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0204% | 1h | 66.040 | +0.042% | $75K | $363K | 20x | as long as short |
| GRVT XAG_USDT_Perp | +0.0208% | 4h | 66.053 | +0.061% | $394K | $1.5M | 25x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0208% | 1h | 65.980 | −0.049% | $1.8M | $1.0M | 20x | as long as short |
| OKX XAG-USDT-SWAP | +0.0223% | 8h | 66.070 | +0.087% | $27.8M | $64.6M | 50x | as long as short |
| Bitget XAGUSDT | +0.0228% | 4h | 66.060 | +0.072% | $24.0M | $44.9M | 100x | as long as short |
| Bullet SILVER-USD | +0.0237% | 1h | 66.064 | +0.079% | $44K | $75K | 10x | as long as short |
| Hibachi XAG/USDT-P | +0.0304% | 1h | 66.010 | −0.004% | $20K | $19K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0388% / S −0.0440% | 1h | 66.065 | +0.080% | $105K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0624% | 1h | 66.039 | +0.041% | $911K | $685K | 25x | as long as short |
StandX XAG-USD
Vest SI-PERP
Gate XAG_USDT
SoDEX SILVER-USD
Paradex XAG-USD-PERP
QFEX SILVER-USD
tradeXYZ xyz:SILVER
Phoenix SILVER
Kalshi KXSILVERPERP
RISEx XAG/USDC
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Bybit XAGUSDT
Lighter XAG
Aster XAGUSDT
Variational Omni XAG
Aevo XAG-PERP
MEXC SILVER_USDT
Binance XAGUSDT
edgeX XAGUSDC
BloFin XAG-USDT
Aftermath Perps XAGUSD
Deribit SILVER_USDC-PERPETUAL
GRVT XAG_USDT_Perp
Coinbase International SILVER-PERP-INTX
OKX XAG-USDT-SWAP
Bitget XAGUSDT
Bullet SILVER-USD
Hibachi XAG/USDT-P
GMX SILVER/USD [ETH-USDC]
Kraken Futures PF_XAGUSD