XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.04 per $10,000 · paid last 24h +0.014%

Price spread now: Nado against Lighter−0.074%47s7-day average +0.002% · 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—prices read too far apart to compare

costs, in and out, $10k−$110.115% of the position

Long on Lighter Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.011%+$1 on $10k

Price spread, last 7 days+0.047%+$5 · spread now −0.074%, 7d avg +0.002%

Together, before fees+0.058%+ Points / potential airdropLighter: Season 3 · Nado: Active · farm board+$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.076% cheaper against Lighter than usual: you would sell low and buy high (spread −0.074% now, against its 7-day average of +0.002%). If the spread goes back, that is −$8 on $10k: about 7.6 days of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.011% in total) that is about 23 days. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XAG	66.332	0.0192	pay 0.0024% / 1h	13m 39s	$5.3M	$10.6M	25x
Short	Nado XAG-PERP	66.283	0.0225	get 0.0028% / 1h	13m 39s	$1.3M	$6.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Lighter. 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 LighterbpFee NadobpOrdersPrice spread, now −0.074%Rate

Funding earned: $6.94
Price spread: −0.074% → +0.002%: −$7.56
Slippage, 4 orders: −$4.49
Fee Lighter: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$12.11
Costs to cover: 0.115%
Break-even: 19.2 days

Slippage from Lighter: live order book, 5 min ago; Nado: live order book, 5 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 Lighter live order book, 5 min ago	1.14 bp	1.2 bp −$1	3.9 bp −$39	9.1 bp −$909	20.9 bp −$10.4K
Sell Nado live order book, 5 min ago	0.08 bp	5.0 bp −$5	9.5 bp −$95	38.2 bp −$3,825	doesn't fit

XAG on 43 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	66.296	−0.055%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.360	+0.042%	$153.2M	$164.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.360	+0.042%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.400	+0.102%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.410	+0.117%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.299	−0.050%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.323	−0.014%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.281	−0.077%	$5.4M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.102%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.410	+0.117%	$799K	$2.9M	40x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SI-PERP	+0.0046%	1h	66.793	+0.695%	—	—	25x	as long as short
Ondo Perps XAG-USD.P	+0.0048%	1h	66.230	−0.154%	$5.7M	$9.6M	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.402	+0.105%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.308	−0.037%	$3.9M	$669K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.304	−0.043%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.330	−0.003%	$115K	$2.7M	20x	as long as short
Hotstuff SILVER-PERP	+0.0056%	1h	66.305	−0.041%	$35K	$21K	20x	as long as short
Kalshi KXSILVERPERP	+0.0062%	24h	66.342	+0.015%	$609K	$23.8M	8.1x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.337	+0.006%	$1.2M	$4.4M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0099%	1h	66.305	−0.041%	$165.9M	$76.2M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.296	−0.055%	$472K	$606K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.310	−0.034%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.380	+0.072%	$126K	$23K	50x	as long as short
Bybit XAGUSDT	+0.0131%	4h	66.380	+0.072%	$26.6M	$36.4M	150x	as long as short
Aster XAGUSDT	+0.0132%	4h	66.350	+0.027%	$2.7M	$942K	100x	as long as short
Paradex XAG-USD-PERP	+0.0137%	8h	66.338	+0.008%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0166%	4h	66.373	+0.061%	$5.5M	$9.8M	—	as long as short
Aevo XAG-PERP	+0.0168%	1h	66.358	+0.039%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0180%	4h	66.330	−0.003%	$102.7M	$158.6M	1000x	as long as short
Binance XAGUSDT	+0.0181%	4h	66.360	+0.042%	$192.2M	$706.4M	100x	as long as short
edgeX XAGUSDC	+0.0184%	4h	66.421	+0.134%	$674K	$315K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.410	+0.117%	$1.9M	$971K	20x	as long as short
Lighter XAGlong	+0.0192%	1h	66.332	long leg	$5.3M	$10.6M	25x
OKX XAG-USDT-SWAP	+0.0212%	8h	66.360	+0.042%	$28.0M	$65.7M	50x	as long as short
Hibachi XAG/USDT-P	+0.0224%	1h	66.320	−0.019%	$20K	$22K	10x	as long as short
Nado XAG-PERPshort	+0.0225%	1h	66.283	−0.074%	$1.3M	$6.5M	10x
Aftermath Perps XAGUSD	+0.0235%	1h	66.331	−0.002%	$80K	$38K	10x	as long as short
Bitget XAGUSDT	+0.0248%	4h	66.360	+0.042%	$23.9M	$46.1M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0266%	4h	66.450	+0.177%	$395K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0288%	1h	66.377	+0.067%	$46K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.375	+0.064%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0463%	1h	66.323	−0.013%	$765K	$478K	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0504%	1h	66.370	+0.057%	$50K	$325K	20x	as long as short