XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0180%/8h= −19.7% APRnext payment −$0.22 per $10,000 · paid last 24h −0.029%

Price spread now: Nado against Deribit−0.042%7-day average −0.029% · 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−$22as in the Price arb table

costs, in and out, $10k−$210.209% of the position

Long on Deribit Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.035%−$3 on $10k

Price spread, last 4 days (all we have)−0.025%−$3 · spread now −0.042%, 7d avg −0.029%

Together, before fees−0.060%+ Points / potential airdropNado: Active · farm board−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.029%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SILVER_USDC-PERPETUAL	65.940	0.0357	pay 0.0045% / 1h	41m 54s	$75K	$363K	20x
Short	Nado XAG-PERP	65.912	0.0177	get 0.0022% / 1h	41m 54s	$1.4M	$6.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Deribit. 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 DeribitbpFee NadobpOrdersPrice spread, now −0.042%Rate

Funding earned: −$37.77
Price spread: −0.042% → −0.029%: −$1.26
Slippage, 4 orders: −$6.85
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$59.88
Costs to cover: 0.209%
Break-even: never at this rate

Slippage from Deribit: live order book, 12 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 Deribit live order book, 12 min ago	0.76 bp	4.3 bp −$4	4.6 bp −$46	doesn't fit	doesn't fit
Sell Nado live order book, 2 min ago	0.08 bp	4.2 bp −$4	9.7 bp −$97	35.0 bp −$3,498	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	−0.0047%	1h	65.850	−0.136%	$5.7M	$9.3M	25x	as long as short
Hotstuff SILVER-PERP	−0.0016%	1h	65.945	+0.008%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	65.934	−0.010%	$14K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	65.970	+0.045%	$149.5M	$163.4M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.960	+0.030%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.020	+0.121%	$1.0M	$967K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.980	+0.061%	$1.5M	$320K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.891	−0.074%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.943	+0.004%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.888	−0.078%	$5.1M	$11.5M	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	+0.698%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.970	+0.045%	$793K	$3.1M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.384	+0.673%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.926	−0.021%	$3.9M	$674K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.891	−0.074%	$3K	$6K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0051%	1h	65.920	−0.030%	$165.9M	$73.6M	25x	as long as short
QFEX SILVER-USD	+0.0060%	1h	65.940	0.000%	$114K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0072%	24h	65.922	−0.027%	$539K	$25.9M	8.1x	as long as short
Phoenix SILVER	+0.0073%	1h	65.967	+0.041%	$56K	$26K	25x	as long as short
RISEx XAG/USDC	+0.0080%	1h	65.955	+0.023%	$1.3M	$4.9M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.897	−0.065%	$469K	$614K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.920	−0.030%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.960	+0.030%	$113K	$30K	50x	as long as short
Lighter XAG	+0.0104%	1h	65.947	+0.011%	$5.2M	$10.6M	25x	as long as short
Bybit XAGUSDT	+0.0115%	4h	65.980	+0.061%	$27.4M	$36.5M	150x	as long as short
Paradex XAG-USD-PERP	+0.0120%	8h	65.948	+0.013%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0138%	4h	65.955	+0.022%	$2.7M	$871K	100x	as long as short
Nado XAG-PERPshort	+0.0177%	1h	65.912	−0.042%	$1.4M	$6.1M	10x
Aevo XAG-PERP	+0.0184%	1h	65.946	+0.009%	$47K	—	10x	as long as short
Variational Omni XAG	+0.0195%	4h	66.003	+0.096%	$5.6M	$9.4M	—	as long as short
BloFin XAG-USDT	+0.0196%	4h	66.000	+0.091%	$2.6M	$556K	100x	as long as short
Binance XAGUSDT	+0.0203%	4h	65.958	+0.027%	$191.0M	$702.5M	100x	as long as short
MEXC SILVER_USDT	+0.0204%	4h	65.950	+0.015%	$112.7M	$152.1M	1000x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	65.950	+0.015%	$1.8M	$1.0M	20x	as long as short
edgeX XAGUSDC	+0.0215%	4h	66.014	+0.112%	$670K	$312K	30x	as long as short
Aftermath Perps XAGUSD	+0.0217%	1h	65.937	−0.004%	$79K	$36K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0218%	4h	66.022	+0.124%	$394K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0234%	1h	65.965	+0.038%	$45K	$76K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0234%	8h	65.960	+0.030%	$27.6M	$64.7M	50x	as long as short
Bitget XAGUSDT	+0.0244%	4h	65.950	+0.015%	$23.9M	$45.3M	100x	as long as short
Hibachi XAG/USDT-P	+0.0336%	1h	65.920	−0.030%	$20K	$19K	10x	as long as short
Deribit SILVER_USDC-PERPETUALlong	+0.0357%	1h	65.940	long leg	$75K	$363K	20x
GMX SILVER/USD [ETH-USDC]	L +0.0387% / S −0.0440%	1h	65.965	+0.038%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0625%	1h	65.924	−0.024%	$910K	$683K	25x	as long as short