XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0103%/8h= −11.3% APRnext payment −$0.13 per $10,000 · paid last 24h +0.033%

Price spread now: Deribit against Nado−0.028%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−$28as in the Price arb table

costs, in and out, $10k−$220.219% of the position

Long on Nado Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.039%+$4 on $10k

Price spread, last 4 days (all we have)+0.095%+$10 · spread now −0.028%, 7d avg +0.029%

Together, before fees+0.134%+ Points / potential airdropNado: Active · farm board+$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.057% cheaper against Nado than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.029%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado XAG-PERP	65.638	0.0158	pay 0.0020% / 1h	58m 07s	$1.2M	$3.4M	10x
Short	Deribit SILVER_USDC-PERPETUAL	65.620	0.0055	get 0.0007% / 1h	58m 07s	$77K	$412K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Nado. 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 NadobpFee DeribitbpOrdersPrice spread, now −0.028%Rate

Funding earned: −$21.61
Price spread: −0.028% → +0.029%: −$5.73
Slippage, 4 orders: −$7.91
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$49.25
Costs to cover: 0.219%
Break-even: never at this rate

Slippage from Nado: live order book, 4 min ago; Deribit: live order book, 49 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 Nado live order book, 4 min ago	0.08 bp	3.9 bp −$4	8.1 bp −$81	33.4 bp −$3,340	doesn't fit
Sell Deribit live order book, 49 min ago	0.76 bp	8.8 bp −$9	10.1 bp −$101	doesn't fit	doesn't fit

XAG on 44 exchanges

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	−0.0029%	1h	65.580	−0.089%	$5.7M	$11.1M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.635	−0.005%	$13K	$8K	5x	as long as short
RISEx XAG/USDC	0.0000%	1h	65.692	+0.082%	$1.2M	$5.4M	20x	as long as short
Gate XAG_USDT	0.0000%	4h	65.640	+0.002%	$136.6M	$198.1M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.660	+0.033%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.680	+0.063%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.650	+0.018%	$1.5M	$257K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.599	−0.060%	$119K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.638	−0.001%	$4.6M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.599	−0.061%	$5.1M	$11.9M	10x	as long as short

Show all 44 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	64.602	−1.579%	$11K	$240	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.660	+0.033%	$790K	$3.0M	40x	as long as short
QFEX SILVER-USD	+0.0042%	1h	65.670	+0.048%	$447K	$1.4M	20x	as long as short
Bybit XAGUSDT	+0.0044%	4h	65.630	−0.013%	$30.4M	$48.1M	150x	as long as short
Vest SI-PERP	+0.0046%	1h	66.100	+0.703%	—	—	25x	as long as short
Hotstuff SILVER-PERP	+0.0048%	1h	65.651	+0.019%	$39K	$26K	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.652	+0.021%	$3.8M	$904K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.593	−0.069%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0052%	8h	65.661	+0.035%	$29K	—	5x	as long as short
Deribit SILVER_USDC-PERPETUALshort	+0.0055%	1h	65.620	−0.028%	$77K	$412K	20x
Variational Omni XAG	+0.0061%	4h	65.748	+0.166%	$5.6M	$9.0M	—	as long as short
Aster XAGUSDT	+0.0075%	4h	65.634	−0.007%	$2.7M	$1.2M	100x	as long as short
Binance XAGUSDT	+0.0079%	4h	65.625	−0.021%	$190.8M	$864.9M	100x	as long as short
MEXC SILVER_USDT	+0.0080%	4h	65.630	−0.013%	$114.4M	$162.5M	1000x	as long as short
Aevo XAG-PERP	+0.0088%	1h	65.640	+0.002%	$47K	—	10x	as long as short
tradeXYZ xyz:SILVER	+0.0093%	1h	65.606	−0.049%	$175.7M	$93.0M	25x	as long as short
Pacifica XAG	+0.0100%	1h	65.636	−0.003%	$463K	$520K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.620	−0.028%	$25.4M	$4.3M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.730	+0.139%	$112K	$19K	50x	as long as short
GRVT XAG_USDT_Perp	+0.0102%	4h	65.762	+0.188%	$390K	$1.6M	25x	as long as short
edgeX XAGUSDC	+0.0104%	4h	65.741	+0.157%	$670K	$316K	30x	as long as short
Lighter XAG	+0.0104%	1h	65.642	+0.006%	$5.3M	$11.8M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	65.710	+0.109%	$1.6M	$1.9M	20x	as long as short
Kalshi KXSILVERPERP	+0.0106%	24h	65.672	+0.051%	$793K	$38.8M	8.1x	as long as short
Phoenix SILVER	+0.0122%	1h	65.734	+0.146%	$55K	$14K	25x	as long as short
Nado XAG-PERPlong	+0.0158%	1h	65.638	long leg	$1.2M	$3.4M	10x
OKX XAG-USDT-SWAP	+0.0179%	8h	65.630	−0.013%	$27.9M	$86.0M	50x	as long as short
Bitget XAGUSDT	+0.0214%	4h	65.640	+0.002%	$23.1M	$52.9M	100x	as long as short
Hibachi XAG/USDT-P	+0.0224%	1h	65.644	+0.008%	$21K	$12K	10x	as long as short
Aftermath Perps XAGUSD	+0.0225%	1h	65.677	+0.059%	$79K	$37K	10x	as long as short
Bullet SILVER-USD	+0.0229%	1h	65.676	+0.057%	$45K	$73K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0281% / S −0.0252%	1h	65.665	+0.040%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0323%	4h	65.670	+0.048%	$2.7M	$785K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0539%	1h	65.636	−0.004%	$1.0M	$943K	25x	as long as short