Funding you earn now, next payment 00:00 UTC+0.0496%/8h= +54.3% APRnext payment +$0.62 per $10,000 · paid last 24h +0.056%
Price spread now: Kraken Futures against ApeX Omni+0.109%75s7-day average −0.061% · you sell dearer than you buy
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$530.534% of the position
Funding, last 7 days−0.010%−$1 on $10k
+Price spread, last 3 days (all we have)−0.158%−$16 · spread now +0.109%, 7d avg −0.061%
=Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Kraken Futures is 0.170% dearer against ApeX Omni than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.061%. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.010% in total (about -0.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.62 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 | ApeX Omni XAGUSDT | 66.370 | 0.0100 | pay 0.0013% / 1h | 42m 08s | $126K | $26K | 50x |
| Short | Kraken Futures PF_XAGUSD | 66.442 | 0.0596 | get 0.0074% / 1h | 42m 08s | $768K | $566K | 25x |
ApeX Omni XAGUSDT
Kraken Futures PF_XAGUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against ApeX Omni. 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
- $104.14
- Price spread: +0.109% → −0.061%
- $17.01
- Slippage, 4 orders
- −$33.35
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $67.8
- Costs to cover
- 0.534%
- Break-even
- 2.4 days
Slippage from ApeX Omni: live order book, 33 min ago; Kraken Futures: live order book, 36 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 ApeX Omni live order book, 33 min ago | 3.78 bp | 15.9 bp −$16 | 50.3 bp −$503 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 36 min ago | 2.83 bp | 8.2 bp −$8 | 16.6 bp −$166 | 69.8 bp −$6,985 | 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 | 66.370 | −0.001% | $15K | — | 5x | as long as short |
| Bybit XAGUSDT | 0.0000% | 4h | 66.470 | +0.151% | $25.7M | $33.5M | 150x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.450 | +0.121% | $147.3M | $170.0M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.470 | +0.151% | $2K | $3.1M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.500 | +0.196% | $1.0M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.470 | +0.151% | $1.5M | $250K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.398 | +0.042% | $120K | — | 250x | as long as short |
| Hotstuff SILVER-PERP | +0.0008% | 1h | 66.444 | +0.111% | $35K | $21K | 20x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.442 | +0.108% | $4.8M | $9.6M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.401 | +0.047% | $5.5M | $12.3M | 10x | as long as short |
dYdX XAG-USD
Bybit XAGUSDT
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Hotstuff SILVER-PERP
Lighter RH XAG
Extended XAG-USDShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.045% | $11K | $94K | 52x | as long as short |
| Phoenix SILVER | +0.0036% | 1h | 66.371 | +0.002% | $56K | $26K | 25x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 66.400 | +0.045% | $795K | $2.7M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.910 | +0.814% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.444 | +0.111% | $3.9M | $699K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.388 | +0.027% | $4K | $5K | 20x | as long as short |
| Ondo Perps XAG-USD.P | +0.0050% | 1h | 66.380 | +0.015% | $5.7M | $10.0M | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0059% | 24h | 66.433 | +0.095% | $590K | $21.2M | 8.1x | as long as short |
| QFEX SILVER-USD | +0.0061% | 1h | 66.470 | +0.151% | $124K | $2.8M | 20x | as long as short |
| tradeXYZ xyz:SILVER | +0.0069% | 1h | 66.415 | +0.068% | $165.5M | $87.6M | 25x | as long as short |
| Variational Omni XAG | +0.0088% | 4h | 66.467 | +0.146% | $5.6M | $10.3M | — | as long as short |
| Aster XAGUSDT | +0.0092% | 4h | 66.461 | +0.138% | $2.8M | $1.1M | 100x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.414 | +0.066% | $475K | $625K | 10x | as long as short |
| MEXC SILVER_USDT | +0.0100% | 4h | 66.450 | +0.121% | $114.3M | $152.9M | 1000x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.420 | +0.075% | $24.5M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDTlong | +0.0100% | 1h | 66.370 | long leg | $126K | $26K | 50x | |
| BloFin XAG-USDT | +0.0101% | 4h | 66.470 | +0.151% | $2.6M | $650K | 100x | as long as short |
| Binance XAGUSDT | +0.0102% | 4h | 66.455 | +0.129% | $191.9M | $721.9M | 100x | as long as short |
| Paradex XAG-USD-PERP | +0.0103% | 8h | 66.463 | +0.140% | $30K | $1K | 5x | as long as short |
| Aevo XAG-PERP | +0.0104% | 1h | 66.457 | +0.131% | $48K | — | 10x | as long as short |
| edgeX XAGUSDC | +0.0110% | 4h | 66.443 | +0.110% | $674K | $316K | 30x | as long as short |
| Lighter XAG | +0.0112% | 1h | 66.435 | +0.097% | $5.2M | $10.3M | 25x | as long as short |
| Bitget XAGUSDT | +0.0120% | 4h | 66.460 | +0.136% | $24.2M | $47.9M | 100x | as long as short |
| Aftermath Perps XAGUSD | +0.0146% | 1h | 66.419 | +0.074% | $80K | $40K | 10x | as long as short |
| GRVT XAG_USDT_Perp | +0.0154% | 4h | 66.424 | +0.081% | $395K | $1.4M | 25x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0160% | 1h | 66.460 | +0.136% | $1.9M | $848K | 20x | as long as short |
| OKX XAG-USDT-SWAP | +0.0188% | 8h | 66.460 | +0.136% | $27.6M | $66.2M | 50x | as long as short |
| RISEx XAG/USDC | +0.0208% | 1h | 66.479 | +0.164% | $1.3M | $4.2M | 20x | as long as short |
| Bullet SILVER-USD | +0.0244% | 1h | 66.477 | +0.162% | $46K | $75K | 10x | as long as short |
| Nado XAG-PERP | +0.0252% | 1h | 66.419 | +0.074% | $1.3M | $6.5M | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0258% / S −0.0231% | 1h | 66.465 | +0.143% | $103K | — | 111x | as long as short |
| Hibachi XAG/USDT-P | +0.0304% | 1h | 66.384 | +0.021% | $20K | $22K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0352% | 1h | 66.450 | +0.121% | $51K | $360K | 20x | as long as short |
| Kraken Futures PF_XAGUSDshort | +0.0596% | 1h | 66.442 | +0.109% | $768K | $566K | 25x |
Injective XAG/USDC PERP
Phoenix SILVER
StandX XAG-USD
Vest SI-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Ondo Perps XAG-USD.P
Kalshi KXSILVERPERP
QFEX SILVER-USD
tradeXYZ xyz:SILVER
Variational Omni XAG
Aster XAGUSDT
Pacifica XAG
MEXC SILVER_USDT
KuCoin XAGUSDTM
BloFin XAG-USDT
Binance XAGUSDT
Paradex XAG-USD-PERP
Aevo XAG-PERP
edgeX XAGUSDC
Lighter XAG
Bitget XAGUSDT
Aftermath Perps XAGUSD
GRVT XAG_USDT_Perp
Coinbase International SILVER-PERP-INTX
OKX XAG-USDT-SWAP
RISEx XAG/USDC
Bullet SILVER-USD
Nado XAG-PERP
GMX SILVER/USD [ETH-USDC]
Hibachi XAG/USDT-P
Deribit SILVER_USDC-PERPETUAL