Funding you earn now, next payment 03:00 UTC+0.0189%/8h= +20.7% APRnext payment +$0.24 per $10,000 · paid last 24h +0.039%
Price spread now: Nado against Polymarket Perps−0.018%7-day average +0.066% · 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−$27as in the Price arb table
costs, in and out, $10k−$190.189% of the position
Funding, last 3 days (all we have)+0.035%+$4 on $10k
+Price spread, last 7 days+0.064%+$6 · spread now −0.018%, 7d avg +0.066%
=Together, before fees+0.099%+ Points / potential airdropNado: Active · farm board+$10 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.085% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.018% now, against its 7-day average of +0.066%). If the spread goes back, that is −$8 on $10k: about 36 hours of funding at the current rate (+$6 a day). At the pace of the last 3 days (+0.035% in total) that is about 7.9 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.035% in total (about 3.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.24 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 | Polymarket Perps SILVER-USD | 66.200 | 0.0050 | pay 0.0006% / 1h | 47m 49s | $3.9M | $672K | 20x |
| Short | Nado XAG-PERP | 66.188 | 0.0239 | get 0.0030% / 1h | 47m 49s | $1.3M | $6.6M | 10x |
Polymarket Perps SILVER-USD
Nado XAG-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Polymarket Perps. 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
- $39.7
- Price spread: −0.018% → +0.066%
- −$8.47
- Slippage, 4 orders
- −$3.95
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- $12.28
- Costs to cover
- 0.189%
- Break-even
- 4.8 days
Slippage from Polymarket Perps: live order book, 1 min ago; Nado: live order book, 1 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 Polymarket Perps live order book, 1 min ago | 1.06 bp | 5.2 bp −$5 | 5.6 bp −$56 | 7.4 bp −$744 | doesn't fit |
| Sell Nado live order book, 1 min ago | 0.08 bp | 4.5 bp −$4 | 10.2 bp −$102 | 36.0 bp −$3,599 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff SILVER-PERP | −0.0008% | 1h | 66.176 | −0.036% | $35K | $21K | 20x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 66.178 | −0.033% | $15K | — | 5x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.240 | +0.060% | $151.1M | $161.8M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.250 | +0.076% | $2K | $2.8M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.270 | +0.106% | $1.0M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.270 | +0.106% | $1.5M | $251K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.184 | −0.025% | $121K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.233 | +0.050% | $4.8M | $9.4M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.164 | −0.054% | $5.3M | $12.1M | 10x | as long as short |
| Ondo Perps XAG-USD.P | +0.0033% | 1h | 66.110 | −0.136% | $5.7M | $9.7M | 25x | as long as short |
Hotstuff SILVER-PERP
dYdX XAG-USD
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Lighter RH XAG
Extended XAG-USD
Ondo Perps XAG-USD.PShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.302% | $11K | $94K | 52x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 66.250 | +0.076% | $797K | $2.9M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.668 | +0.707% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USDlong | +0.0050% | 1h | 66.200 | long leg | $3.9M | $672K | 20x | |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.179 | −0.032% | $3K | $6K | 20x | as long as short |
| QFEX SILVER-USD | +0.0062% | 1h | 66.240 | +0.060% | $115K | $2.7M | 20x | as long as short |
| Kalshi KXSILVERPERP | +0.0064% | 24h | 66.201 | +0.002% | $546K | $24.5M | 8.1x | as long as short |
| tradeXYZ xyz:SILVER | +0.0084% | 1h | 66.181 | −0.029% | $165.7M | $74.7M | 25x | as long as short |
| Phoenix SILVER | +0.0084% | 1h | 66.206 | +0.009% | $56K | $26K | 25x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.180 | −0.030% | $471K | $607K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.190 | −0.015% | $24.5M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.330 | +0.196% | $113K | $30K | 50x | as long as short |
| Aster XAGUSDT | +0.0136% | 4h | 66.237 | +0.056% | $2.7M | $916K | 100x | as long as short |
| Paradex XAG-USD-PERP | +0.0136% | 8h | 66.227 | +0.040% | $30K | $1K | 5x | as long as short |
| Bybit XAGUSDT | +0.0142% | 4h | 66.240 | +0.060% | $26.7M | $36.1M | 150x | as long as short |
| Lighter XAG | +0.0168% | 1h | 66.234 | +0.051% | $5.3M | $10.4M | 25x | as long as short |
| Aevo XAG-PERP | +0.0176% | 1h | 66.240 | +0.060% | $48K | — | 10x | as long as short |
| Variational Omni XAG | +0.0176% | 4h | 66.242 | +0.064% | $5.5M | $9.7M | — | as long as short |
| RISEx XAG/USDC | +0.0181% | 1h | 66.235 | +0.052% | $1.2M | $4.4M | 20x | as long as short |
| MEXC SILVER_USDT | +0.0190% | 4h | 66.220 | +0.030% | $110.5M | $151.9M | 1000x | as long as short |
| Binance XAGUSDT | +0.0190% | 4h | 66.230 | +0.045% | $191.7M | $706.3M | 100x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0192% | 1h | 66.350 | +0.227% | $1.9M | $972K | 20x | as long as short |
| edgeX XAGUSDC | +0.0201% | 4h | 66.366 | +0.251% | $673K | $314K | 30x | as long as short |
| OKX XAG-USDT-SWAP | +0.0216% | 8h | 66.230 | +0.045% | $27.8M | $65.6M | 50x | as long as short |
| Aftermath Perps XAGUSD | +0.0234% | 1h | 66.229 | +0.045% | $80K | $38K | 10x | as long as short |
| Nado XAG-PERPshort | +0.0239% | 1h | 66.188 | −0.018% | $1.3M | $6.6M | 10x | |
| Bitget XAGUSDT | +0.0252% | 4h | 66.220 | +0.030% | $23.9M | $46.1M | 100x | as long as short |
| Hibachi XAG/USDT-P | +0.0264% | 1h | 66.160 | −0.061% | $20K | $22K | 10x | as long as short |
| Bullet SILVER-USD | +0.0264% | 1h | 66.246 | +0.069% | $46K | $75K | 10x | as long as short |
| GRVT XAG_USDT_Perp | +0.0278% | 4h | 66.277 | +0.117% | $400K | $1.5M | 25x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0332% / S −0.0343% | 1h | 66.245 | +0.068% | $103K | — | 111x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0354% | 1h | 66.230 | +0.045% | $50K | $326K | 20x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0550% | 1h | 66.196 | −0.006% | $763K | $475K | 25x | as long as short |
Injective XAG/USDC PERP
StandX XAG-USD
Vest SI-PERP
SoDEX SILVER-USD
QFEX SILVER-USD
Kalshi KXSILVERPERP
tradeXYZ xyz:SILVER
Phoenix SILVER
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Aster XAGUSDT
Paradex XAG-USD-PERP
Bybit XAGUSDT
Lighter XAG
Aevo XAG-PERP
Variational Omni XAG
RISEx XAG/USDC
MEXC SILVER_USDT
Binance XAGUSDT
Coinbase International SILVER-PERP-INTX
edgeX XAGUSDC
OKX XAG-USDT-SWAP
Aftermath Perps XAGUSD
Bitget XAGUSDT
Hibachi XAG/USDT-P
Bullet SILVER-USD
GRVT XAG_USDT_Perp
GMX SILVER/USD [ETH-USDC]
Deribit SILVER_USDC-PERPETUAL
Kraken Futures PF_XAGUSD