XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0098%/8h= +10.8% APRnext payment +$0.12 per $10,000 · paid last 24h +0.040%

Price spread now: Nado against Phoenix−0.047%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

Funding pays, the price is against you. Nado is 0.047% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.047% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 38 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix SILVER	65.316	0.0061	pay 0.0008% / 1h	33m 13s	$56K	$31K	25x
Short	Nado XAG-PERP	65.286	0.0159	get 0.0020% / 1h	33m 13s	$1.2M	$4.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Phoenix. 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 PhoenixbpFee NadobpOrdersPrice spread, now −0.047%Rate

Funding earned: $20.62
Price spread: −0.047% → 0.000%: −$4.67
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $1.96
Costs to cover: 0.140%
Break-even: 6.3 days

Slippage unknown: Phoenix: no order-book sample; Nado: live order book, 6 min ago. Net counts fees only.

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 Phoenix no order-book sample	—	—	—	—	—
Sell Nado live order book, 6 min ago	0.31 bp	4.8 bp −$5	9.1 bp −$91	34.1 bp −$3,411	doesn't fit

Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0056%	1h	65.295	−0.032%	$35K	$21K	20x	as long as short
Ondo Perps XAG-USD.P	−0.0041%	1h	65.240	−0.116%	$5.6M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.297	−0.029%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.310	−0.009%	$27.8M	$39.4M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.320	+0.006%	$2K	$2.5M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.370	+0.083%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.320	+0.006%	$1.5M	$281K	100x	as long as short
Variational Omni XAG	0.0000%	4h	65.332	+0.025%	$5.5M	$9.1M	—	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.268	−0.073%	$118K	—	250x	as long as short
Aster XAGUSDT	+0.0024%	4h	65.320	+0.006%	$2.7M	$928K	100x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SILVER_USDT	+0.0026%	4h	65.300	−0.024%	$119.1M	$157.4M	1000x	as long as short
Binance XAGUSDT	+0.0027%	4h	65.310	−0.009%	$191.6M	$753.7M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.310	−0.009%	$4.6M	$9.8M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.271	−0.069%	$5.1M	$11.6M	10x	as long as short
edgeX XAGUSDC	+0.0032%	4h	65.342	+0.040%	$665K	$313K	30x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.660%	$11K	$94K	52x	as long as short
Gate XAG_USDT	+0.0034%	4h	65.320	+0.006%	$140.7M	$178.3M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.350	+0.052%	$786K	$2.9M	40x	as long as short
Aevo XAG-PERP	+0.0040%	1h	65.316	0.000%	$47K	—	10x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.330	+0.021%	$157K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.748	+0.661%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.264	−0.080%	$169.6M	$81.7M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.296	−0.031%	$3.8M	$856K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.267	−0.075%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0052%	8h	65.310	−0.009%	$29K	$1K	5x	as long as short
Phoenix SILVERlong	+0.0061%	1h	65.316	long leg	$56K	$31K	25x
Kalshi KXSILVERPERP	+0.0079%	24h	65.299	−0.026%	$518K	$31.7M	8.1x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	65.300	−0.024%	$1.6M	$1.4M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.271	−0.069%	$464K	$611K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.280	−0.055%	$25.3M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.310	−0.009%	$112K	$19K	50x	as long as short
BloFin XAG-USDT	+0.0107%	4h	65.350	+0.052%	$2.7M	$574K	100x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.337	+0.031%	$1.2M	$4.8M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0130%	4h	65.372	+0.085%	$384K	$1.6M	25x	as long as short
Bitget XAGUSDT	+0.0152%	4h	65.310	−0.009%	$23.2M	$44.7M	100x	as long as short
Nado XAG-PERPshort	+0.0159%	1h	65.286	−0.047%	$1.2M	$4.7M	10x
Lighter XAG	+0.0160%	1h	65.314	−0.003%	$5.3M	$11.1M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0166%	8h	65.320	+0.006%	$28.2M	$69.8M	50x	as long as short
Aftermath Perps XAGUSD	+0.0182%	1h	65.309	−0.010%	$79K	$37K	10x	as long as short
Hibachi XAG/USDT-P	+0.0184%	1h	65.313	−0.004%	$20K	$17K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0210%	1h	65.310	−0.009%	$65K	$391K	20x	as long as short
Bullet SILVER-USD	+0.0220%	1h	65.339	+0.035%	$45K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.335	+0.029%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0363%	1h	65.292	−0.036%	$1.0M	$868K	25x	as long as short