Funding you earn now, next payment 08:00 UTC−0.0079%/8h= −8.6% APRnext payment −$0.10 per $10,000 · paid last 24h −0.014%
Price spread now: Nado against Bullet−0.069%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Nado is 0.069% cheaper against Bullet than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bullet SILVER-USD | 65.071 | 0.0234 | pay 0.0029% / 1h | 5m 55s | $45K | $75K | 10x |
| Short | Nado XAG-PERP | 65.026 | 0.0155 | get 0.0019% / 1h | 5m 55s | $1.2M | $4.7M | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Bullet. 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
- −$16.58
- Price spread: −0.069% → 0.000%
- −$6.91
- Slippage, 4 orders
- no order book: not counted
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$38.49
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Bullet: no order-book sample; Nado: live order book, 3 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 Bullet no order-book sample | — | — | — | — | — |
| Sell Nado live order book, 3 min ago | 0.08 bp | 5.5 bp −$5 | 8.4 bp −$84 | 33.5 bp −$3,349 | doesn't fit |
Bullet: 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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps XAG-USD.P | −0.0025% | 1h | 64.970 | −0.155% | $5.6M | $9.9M | 25x | as long as short |
| Hotstuff SILVER-PERP | −0.0024% | 1h | 65.061 | −0.015% | $35K | $21K | 20x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 64.997 | −0.113% | $12K | $5K | 5x | as long as short |
| Bybit XAGUSDT | 0.0000% | 4h | 65.080 | +0.014% | $27.7M | $39.0M | 150x | as long as short |
| Variational Omni XAG | 0.0000% | 4h | 65.227 | +0.240% | $5.5M | $9.1M | — | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.080 | +0.014% | $2K | $2.4M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.140 | +0.107% | $1.1M | $1.3M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.070 | −0.001% | $1.5M | $278K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.004 | −0.103% | $118K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.066 | −0.008% | $4.6M | $10.0M | 25x | as long as short |
Show all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended XAG-USD | +0.0032% | 1h | 65.008 | −0.096% | $5.0M | $11.8M | 10x | as long as short |
| Gate XAG_USDT | +0.0032% | 4h | 65.090 | +0.030% | $140.2M | $181.8M | 100x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +2.043% | $11K | $94K | 52x | as long as short |
| MEXC SILVER_USDT | +0.0034% | 4h | 65.060 | −0.016% | $124.8M | $162.7M | 1000x | as long as short |
| Binance XAGUSDT | +0.0035% | 4h | 65.072 | +0.002% | $191.5M | $756.0M | 100x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 65.080 | +0.014% | $783K | $3.0M | 40x | as long as short |
| Aster XAGUSDT | +0.0042% | 4h | 65.070 | −0.001% | $2.6M | $982K | 100x | as long as short |
| QFEX SILVER-USD | +0.0044% | 1h | 65.070 | −0.001% | $170K | $1.4M | 20x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 65.483 | +0.634% | — | — | 25x | as long as short |
| Aevo XAG-PERP | +0.0048% | 1h | 65.060 | −0.017% | $47K | — | 10x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.035 | −0.055% | $3.8M | $892K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.003 | −0.104% | $3K | $6K | 20x | as long as short |
| edgeX XAGUSDC | +0.0050% | 4h | 65.251 | +0.277% | $664K | $312K | 30x | as long as short |
| Paradex XAG-USD-PERP | +0.0054% | 8h | 65.071 | 0.000% | $29K | $1K | 5x | as long as short |
| Phoenix SILVER | +0.0061% | 1h | 65.076 | +0.008% | $56K | $31K | 25x | as long as short |
| tradeXYZ xyz:SILVER | +0.0071% | 1h | 65.038 | −0.050% | $172.9M | $84.6M | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0080% | 24h | 65.031 | −0.061% | $489K | $32.2M | 8.1x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0096% | 1h | 65.030 | −0.062% | $1.6M | $1.4M | 20x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.028 | −0.065% | $463K | $598K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.030 | −0.062% | $25.2M | $4.7M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.200 | +0.199% | $111K | $19K | 50x | as long as short |
| RISEx XAG/USDC | +0.0118% | 1h | 65.082 | +0.018% | $1.3M | $4.9M | 20x | as long as short |
| BloFin XAG-USDT | +0.0136% | 4h | 65.100 | +0.045% | $2.7M | $624K | 100x | as long as short |
| GRVT XAG_USDT_Perp | +0.0144% | 4h | 65.219 | +0.228% | $394K | $1.6M | 25x | as long as short |
| Nado XAG-PERPshort | +0.0155% | 1h | 65.026 | −0.069% | $1.2M | $4.7M | 10x | |
| Bitget XAGUSDT | +0.0162% | 4h | 65.080 | +0.014% | $23.2M | $44.9M | 100x | as long as short |
| OKX XAG-USDT-SWAP | +0.0173% | 8h | 65.080 | +0.014% | $28.3M | $70.6M | 50x | as long as short |
| Lighter XAG | +0.0184% | 1h | 65.067 | −0.006% | $5.3M | $11.3M | 25x | as long as short |
| Aftermath Perps XAGUSD | +0.0196% | 1h | 65.088 | +0.027% | $78K | $37K | 10x | as long as short |
| Hibachi XAG/USDT-P | +0.0224% | 1h | 65.052 | −0.028% | $20K | $16K | 10x | as long as short |
| Bullet SILVER-USDlong | +0.0234% | 1h | 65.071 | long leg | $45K | $75K | 10x | |
| GMX SILVER/USD [ETH-USDC] | L +0.0238% / S −0.0196% | 1h | 65.075 | +0.007% | $92K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0365% | 1h | 65.044 | −0.041% | $1.0M | $869K | 25x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0365% | 1h | 65.060 | −0.016% | $65K | $398K | 20x | as long as short |
Bullet SILVER-USD
Bybit XAGUSDT
Variational Omni XAG
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Lighter RH XAG
Extended XAG-USD
Gate XAG_USDT
Injective XAG/USDC PERP
MEXC SILVER_USDT
Binance XAGUSDT
StandX XAG-USD
Aster XAGUSDT
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
edgeX XAGUSDC
Paradex XAG-USD-PERP
Phoenix SILVER
tradeXYZ xyz:SILVER
Kalshi KXSILVERPERP
Coinbase International SILVER-PERP-INTX
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
RISEx XAG/USDC
BloFin XAG-USDT
GRVT XAG_USDT_Perp
Bitget XAGUSDT
OKX XAG-USDT-SWAP
Lighter XAG
Aftermath Perps XAGUSD
GMX SILVER/USD [ETH-USDC]
Kraken Futures PF_XAGUSD
Deribit SILVER_USDC-PERPETUAL