XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0014%/8h= −1.5% APRnext payment −$0.02 per $10,000 · paid last 24h −0.002%

Price spread now: Nado against Coinbase International+0.009%7-day average −0.006% · 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−$22as in the Price arb table

costs, in and out, $10k−$240.239% of the position

Long on Coinbase International Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.037%−$4 on $10k

Price spread, last 3 days (all we have)−0.045%−$4 · spread now +0.009%, 7d avg −0.006%

Together, before fees−0.082%+ Points / potential airdropNado: Active · farm board−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.006%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SILVER-PERP-INTX	66.440	0.0184	pay 0.0023% / 1h	21m 58s	$1.9M	$930K	20x
Short	Nado XAG-PERP	66.446	0.0170	get 0.0021% / 1h	21m 58s	$1.3M	$6.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Coinbase International. 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 Coinbase InternationalbpFee NadobpOrdersPrice spread, now +0.009%Rate

Funding earned: −$2.9
Price spread: +0.009% → −0.006%: $1.54
Slippage, 4 orders: −$6.86
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$25.21
Costs to cover: 0.239%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 2 min ago; Nado: live order book, 2 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 Coinbase International live order book, 2 min ago	0.75 bp	7.9 bp −$8	8.8 bp −$88	doesn't fit	doesn't fit
Sell Nado live order book, 2 min ago	0.08 bp	4.6 bp −$5	8.9 bp −$89	36.0 bp −$3,602	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	66.422	−0.027%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.490	+0.075%	$25.6M	$35.6M	150x	as long as short
Hotstuff SILVER-PERP	0.0000%	1h	66.485	+0.068%	$35K	$21K	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.490	+0.075%	$154.9M	$168.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.490	+0.075%	$2K	$3.0M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.510	+0.105%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.530	+0.135%	$1.5M	$252K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.419	−0.031%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.464	+0.037%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.415	−0.037%	$5.4M	$12.4M	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	−0.060%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.480	+0.060%	$800K	$2.7M	40x	as long as short
BloFin XAG-USDT	+0.0045%	4h	66.540	+0.151%	$2.6M	$709K	100x	as long as short
Vest SI-PERP	+0.0046%	1h	66.932	+0.741%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.473	+0.050%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.461	+0.032%	$3.9M	$700K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.410	−0.045%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.430	−0.015%	$5.7M	$9.6M	25x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.490	+0.075%	$115K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0054%	1h	66.445	+0.008%	$165.3M	$84.8M	25x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.459	+0.029%	$562K	$21.5M	8.1x	as long as short
Aster XAGUSDT	+0.0085%	4h	66.479	+0.059%	$2.8M	$1.1M	100x	as long as short
Variational Omni XAG	+0.0089%	4h	66.514	+0.111%	$5.6M	$9.9M	—	as long as short
Paradex XAG-USD-PERP	+0.0099%	8h	66.510	+0.106%	$30K	$1K	5x	as long as short
Pacifica XAG	+0.0100%	1h	66.465	+0.038%	$474K	$623K	10x	as long as short
MEXC SILVER_USDT	+0.0100%	4h	66.480	+0.060%	$108.5M	$160.4M	1000x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.450	+0.015%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.480	+0.060%	$126K	$24K	50x	as long as short
Binance XAGUSDT	+0.0101%	4h	66.488	+0.072%	$192.4M	$722.4M	100x	as long as short
Aevo XAG-PERP	+0.0104%	1h	66.473	+0.049%	$48K	—	10x	as long as short
edgeX XAGUSDC	+0.0112%	4h	66.508	+0.103%	$675K	$314K	30x	as long as short
Lighter XAG	+0.0120%	1h	66.471	+0.046%	$5.4M	$10.5M	25x	as long as short
GRVT XAG_USDT_Perp	+0.0138%	4h	66.523	+0.125%	$391K	$1.5M	25x	as long as short
RISEx XAG/USDC	+0.0148%	1h	66.500	+0.090%	$1.3M	$4.2M	20x	as long as short
Nado XAG-PERPshort	+0.0170%	1h	66.446	+0.009%	$1.3M	$6.5M	10x
Bitget XAGUSDT	+0.0174%	4h	66.490	+0.075%	$24.5M	$47.9M	100x	as long as short
Coinbase International SILVER-PERP-INTXlong	+0.0184%	1h	66.440	long leg	$1.9M	$930K	20x
OKX XAG-USDT-SWAP	+0.0190%	8h	66.490	+0.075%	$27.9M	$67.2M	50x	as long as short
Aftermath Perps XAGUSD	+0.0198%	1h	66.489	+0.074%	$80K	$39K	10x	as long as short
Bullet SILVER-USD	+0.0228%	1h	66.505	+0.098%	$45K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0232%	1h	66.451	+0.017%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.495	+0.083%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0352%	1h	66.460	+0.030%	$50K	$336K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0489%	1h	66.464	+0.036%	$764K	$565K	25x	as long as short