Funding you earn now, next payment 07:00 UTC−0.0080%/8h= −8.8% APRnext payment −$0.10 per $10,000 · paid last 24h −0.042%
Price spread now: Injective against Nado+1.591%49s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread pays, funding is against you. Injective is 1.591% dearer against Nado than usual: you sell high and buy low (spread +1.591% now, against zero (this spread has no 7-day history yet)): +$159 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2 months. The two prices were read 49 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 | Nado XAG-PERP | 65.360 | 0.0114 | pay 0.0014% / 1h | 40m 14s | $1.2M | $5.5M | 10x |
| Short | Injective XAG/USDC PERP | 66.400 | 0.0033 | get 0.0004% / 1h | 40m 14s | $11K | $94K | 52x |
Nado XAG-PERP
Injective XAG/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Nado. 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
- −$16.84
- Price spread: +1.591% → 0.000%
- $159.06
- Slippage, 4 orders
- no order book: not counted
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $135.2
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Nado: live order book, 4 min ago; Injective: no order-book sample. 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 Nado live order book, 4 min ago | 0.15 bp | 4.0 bp −$4 | 7.9 bp −$79 | 33.0 bp −$3,298 | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi XAG/USDT-P | −0.0120% | 1h | 65.360 | −0.001% | $20K | $20K | 10x | as long as short |
| Ondo Perps XAG-USD.P | −0.0081% | 1h | 65.300 | −0.092% | $5.6M | $9.7M | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.350 | −0.016% | $12K | $5K | 5x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.430 | +0.107% | $2K | $2.6M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.450 | +0.137% | $1.1M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.440 | +0.122% | $1.5M | $280K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.349 | −0.018% | $118K | — | 250x | as long as short |
| Bybit XAGUSDT | +0.0018% | 4h | 65.410 | +0.076% | $28.4M | $39.6M | 150x | as long as short |
| Gate XAG_USDT | +0.0030% | 4h | 65.420 | +0.091% | $141.3M | $181.2M | 100x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.398 | +0.058% | $4.6M | $9.8M | 25x | as long as short |
Hibachi XAG/USDT-P
Ondo Perps XAG-USD.P
dYdX XAG-USD
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Bybit XAGUSDT
Gate XAG_USDT
Lighter RH XAGShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended XAG-USD | +0.0032% | 1h | 65.350 | −0.015% | $5.1M | $11.6M | 10x | as long as short |
| Injective XAG/USDC PERPshort | +0.0033% | 1h | 66.400 | +1.591% | $11K | $94K | 52x | |
| StandX XAG-USD | +0.0040% | 1h | 65.410 | +0.076% | $787K | $3.0M | 40x | as long as short |
| Aster XAGUSDT | +0.0045% | 4h | 65.400 | +0.061% | $2.7M | $973K | 100x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 65.825 | +0.711% | — | — | 25x | as long as short |
| QFEX SILVER-USD | +0.0050% | 1h | 65.390 | +0.045% | $152K | $2.8M | 20x | as long as short |
| tradeXYZ xyz:SILVER | +0.0050% | 1h | 65.379 | +0.028% | $170.3M | $83.8M | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.370 | +0.015% | $3.8M | $718K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.346 | −0.022% | $3K | $6K | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0057% | 8h | 65.398 | +0.057% | $29K | $1K | 5x | as long as short |
| Variational Omni XAG | +0.0060% | 4h | 65.414 | +0.081% | $5.5M | $9.4M | — | as long as short |
| RISEx XAG/USDC | +0.0061% | 1h | 65.412 | +0.079% | $1.3M | $4.9M | 20x | as long as short |
| Phoenix SILVER | +0.0061% | 1h | 65.384 | +0.036% | $56K | $31K | 25x | as long as short |
| Hotstuff SILVER-PERP | +0.0064% | 1h | 65.386 | +0.039% | $35K | $21K | 20x | as long as short |
| Binance XAGUSDT | +0.0076% | 4h | 65.407 | +0.071% | $189.8M | $763.4M | 100x | as long as short |
| MEXC SILVER_USDT | +0.0076% | 4h | 65.390 | +0.045% | $115.4M | $157.1M | 1000x | as long as short |
| Kalshi KXSILVERPERP | +0.0077% | 24h | 65.386 | +0.039% | $509K | $30.5M | 8.1x | as long as short |
| Aevo XAG-PERP | +0.0088% | 1h | 65.401 | +0.063% | $47K | — | 10x | as long as short |
| edgeX XAGUSDC | +0.0090% | 4h | 65.433 | +0.111% | $666K | $314K | 30x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.363 | +0.004% | $467K | $627K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.380 | +0.030% | $25.4M | $5.0M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.410 | +0.076% | $112K | $19K | 50x | as long as short |
| Lighter XAG | +0.0104% | 1h | 65.400 | +0.061% | $5.4M | $11.3M | 25x | as long as short |
| Nado XAG-PERPlong | +0.0114% | 1h | 65.360 | long leg | $1.2M | $5.5M | 10x | |
| GRVT XAG_USDT_Perp | +0.0116% | 4h | 65.427 | +0.102% | $397K | $1.6M | 25x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0120% | 1h | 65.380 | +0.030% | $1.6M | $1.4M | 20x | as long as short |
| Bullet SILVER-USD | +0.0156% | 1h | 65.416 | +0.086% | $43K | $77K | 10x | as long as short |
| Bitget XAGUSDT | +0.0186% | 4h | 65.420 | +0.091% | $23.8M | $46.6M | 100x | as long as short |
| OKX XAG-USDT-SWAP | +0.0189% | 8h | 65.400 | +0.061% | $27.9M | $71.3M | 50x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0209% | 1h | 65.390 | +0.045% | $65K | $374K | 20x | as long as short |
| Aftermath Perps XAGUSD | +0.0212% | 1h | 65.408 | +0.072% | $79K | $37K | 10x | as long as short |
| BloFin XAG-USDT | +0.0306% | 4h | 65.440 | +0.122% | $2.6M | $610K | 100x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0318% / S −0.0301% | 1h | 65.415 | +0.084% | $93K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0492% | 1h | 65.380 | +0.031% | $916K | $746K | 25x | as long as short |
Extended XAG-USD
StandX XAG-USD
Aster XAGUSDT
Vest SI-PERP
QFEX SILVER-USD
tradeXYZ xyz:SILVER
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Paradex XAG-USD-PERP
Variational Omni XAG
RISEx XAG/USDC
Phoenix SILVER
Hotstuff SILVER-PERP
Binance XAGUSDT
MEXC SILVER_USDT
Kalshi KXSILVERPERP
Aevo XAG-PERP
edgeX XAGUSDC
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Lighter XAG
GRVT XAG_USDT_Perp
Coinbase International SILVER-PERP-INTX
Bullet SILVER-USD
Bitget XAGUSDT
OKX XAG-USDT-SWAP
Deribit SILVER_USDC-PERPETUAL
Aftermath Perps XAGUSD
BloFin XAG-USDT
GMX SILVER/USD [ETH-USDC]
Kraken Futures PF_XAGUSD