XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0338%/8h= +37.0% APRnext payment +$0.42 per $10,000 · paid last 24h +0.030%

Price spread now: Kraken Futures against Nado+0.050%7-day average −0.037% · 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−$17as in the Price arb table

costs, in and out, $10k−$260.261% of the position

Long on Nado Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.083%−$8 on $10k

Price spread, last 4 days (all we have)+0.041%+$4 · spread now +0.050%, 7d avg −0.037%

Together, before fees−0.042%+ Points / potential airdropNado: Active · farm board−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Kraken Futures is 0.087% dearer against Nado than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.037%. Mind the row above: over the last 3 days funding on this pair cost −0.083%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.083% in total (about -9.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.42 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado XAG-PERP	66.300	0.0211	pay 0.0026% / 1h	24m 57s	$1.3M	$6.6M	10x
Short	Kraken Futures PF_XAGUSD	66.333	0.0549	get 0.0069% / 1h	24m 57s	$915K	$671K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.050%Rate

Funding earned: $71.04
Price spread: +0.050% → −0.037%: $8.7
Slippage, 4 orders: −$9.1
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $53.64
Costs to cover: 0.261%
Break-even: 1.7 days

Slippage from Nado: live order book, 4 min ago; Kraken Futures: live order book, 38 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	0.30 bp	4.6 bp −$5	8.8 bp −$88	30.1 bp −$3,013	doesn't fit
Sell Kraken Futures live order book, 38 min ago	2.64 bp	8.5 bp −$9	15.9 bp −$159	32.7 bp −$3,270	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	66.272	−0.042%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.380	+0.121%	$150.4M	$164.3M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.350	+0.075%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.390	+0.136%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.390	+0.136%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.296	−0.007%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.358	+0.087%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.299	−0.002%	$5.3M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.151%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.270	−0.045%	$797K	$2.9M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SI-PERP	+0.0046%	1h	66.793	+0.743%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.331	+0.047%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.296	−0.006%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.270	−0.045%	$5.7M	$9.8M	25x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.340	+0.060%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0065%	24h	66.311	+0.016%	$536K	$24.6M	8.1x	as long as short
Phoenix SILVER	+0.0084%	1h	66.308	+0.012%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0097%	1h	66.327	+0.041%	$166.1M	$74.3M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.294	−0.009%	$472K	$610K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.320	+0.030%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.280	−0.030%	$113K	$30K	50x	as long as short
Hotstuff SILVER-PERP	+0.0120%	1h	66.301	+0.001%	$35K	$21K	20x	as long as short
Paradex XAG-USD-PERP	+0.0134%	8h	66.341	+0.061%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0135%	4h	66.370	+0.105%	$2.7M	$877K	100x	as long as short
Bybit XAGUSDT	+0.0158%	4h	66.380	+0.121%	$26.9M	$36.1M	150x	as long as short
BloFin XAG-USDT	+0.0175%	4h	66.340	+0.060%	$2.6M	$553K	100x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.359	+0.089%	$48K	—	10x	as long as short
RISEx XAG/USDC	+0.0181%	1h	66.370	+0.105%	$1.3M	$4.5M	20x	as long as short
Variational Omni XAG	+0.0184%	4h	66.321	+0.032%	$5.6M	$9.8M	—	as long as short
Lighter XAG	+0.0192%	1h	66.367	+0.101%	$5.3M	$10.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.350	+0.075%	$1.9M	$988K	20x	as long as short
MEXC SILVER_USDT	+0.0194%	4h	66.370	+0.105%	$105.4M	$153.5M	1000x	as long as short
Binance XAGUSDT	+0.0196%	4h	66.372	+0.109%	$192.3M	$705.4M	100x	as long as short
edgeX XAGUSDC	+0.0204%	4h	66.323	+0.035%	$673K	$313K	30x	as long as short
Nado XAG-PERPlong	+0.0211%	1h	66.300	long leg	$1.3M	$6.6M	10x
OKX XAG-USDT-SWAP	+0.0217%	8h	66.370	+0.105%	$27.8M	$65.9M	50x	as long as short
Aftermath Perps XAGUSD	+0.0234%	1h	66.277	−0.035%	$80K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0246%	4h	66.360	+0.090%	$23.8M	$45.8M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0268%	4h	66.347	+0.071%	$402K	$1.5M	25x	as long as short
Hibachi XAG/USDT-P	+0.0272%	1h	66.270	−0.045%	$20K	$19K	10x	as long as short
Bullet SILVER-USD	+0.0280%	1h	66.363	+0.095%	$46K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0351% / S −0.0372%	1h	66.365	+0.098%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0353%	1h	66.350	+0.075%	$50K	$322K	20x	as long as short
Kraken Futures PF_XAGUSDshort	+0.0549%	1h	66.333	+0.050%	$915K	$671K	25x