Funding you earn now, next payment 07:00 UTC+0.0410%/8h= +44.9% APRpaid last 24h +0.060%
Price spread now: Kraken Futures against Binance−0.030%7-day average −0.074% · you buy dearer than you sell
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$300.301% of the position
Funding, last 7 days+0.150%+$15 on $10k
+Price spread, last 4 days (all we have)−0.038%−$4 · spread now −0.030%, 7d avg −0.074%
=Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Kraken Futures is 0.044% dearer against Binance than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.074%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.150% in total (about 7.8% a year). A funding rate is set anew for every payment. 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 | Binance XAGUSDT | 65.460 | 0.0082 | pay 0.0041% / 4h | 1h 45m | $189.5M | $762.2M | 100x |
| Short | Kraken Futures PF_XAGUSD | 65.440 | 0.0492 | get 0.0061% / 1h | 45m 21s | $917K | $747K | 25x |
Binance XAGUSDT
Kraken Futures PF_XAGUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Binance. 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
- $86.08
- Price spread: −0.030% → −0.074%
- $4.39
- Slippage, 4 orders
- −$10.09
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $60.38
- Costs to cover
- 0.301%
- Break-even
- 2.1 days
Slippage from Binance: live order book, 14 min ago; Kraken Futures: live order book, 63 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 Binance live order book, 14 min ago | 0.76 bp | 5.8 bp −$6 | 5.8 bp −$58 | 9.9 bp −$995 | 21.2 bp −$10.6K |
| Sell Kraken Futures live order book, 63 min ago | 3.47 bp | 9.3 bp −$9 | 16.5 bp −$165 | 61.3 bp −$6,135 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi XAG/USDT-P | −0.0120% | 1h | 65.374 | −0.132% | $20K | $20K | 10x | as long as short |
| Hotstuff SILVER-PERP | −0.0088% | 1h | 65.414 | −0.070% | $35K | $21K | 20x | as long as short |
| Ondo Perps XAG-USD.P | −0.0082% | 1h | 65.280 | −0.275% | $5.6M | $9.7M | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.404 | −0.086% | $12K | $5K | 5x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.470 | +0.015% | $2K | $2.6M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.470 | +0.015% | $1.1M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.470 | +0.015% | $1.5M | $281K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.401 | −0.089% | $118K | — | 250x | as long as short |
| Bybit XAGUSDT | +0.0026% | 4h | 65.480 | +0.031% | $28.5M | $39.6M | 150x | as long as short |
| Gate XAG_USDT | +0.0026% | 4h | 65.490 | +0.046% | $141.5M | $180.5M | 100x | as long as short |
Hibachi XAG/USDT-P
Hotstuff SILVER-PERP
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_USDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XAG | +0.0032% | 1h | 65.455 | −0.008% | $4.6M | $9.7M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.403 | −0.086% | $5.1M | $11.6M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +1.436% | $11K | $94K | 52x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 65.410 | −0.076% | $787K | $3.0M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 65.865 | +0.619% | — | — | 25x | as long as short |
| Aster XAGUSDT | +0.0047% | 4h | 65.463 | +0.005% | $2.7M | $966K | 100x | as long as short |
| QFEX SILVER-USD | +0.0050% | 1h | 65.430 | −0.046% | $152K | $2.8M | 20x | as long as short |
| tradeXYZ xyz:SILVER | +0.0050% | 1h | 65.427 | −0.050% | $170.5M | $83.6M | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.418 | −0.064% | $3.9M | $716K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.402 | −0.089% | $3K | $6K | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0058% | 8h | 65.423 | −0.057% | $29K | $1K | 5x | as long as short |
| RISEx XAG/USDC | +0.0061% | 1h | 65.448 | −0.018% | $1.2M | $4.9M | 20x | as long as short |
| Phoenix SILVER | +0.0061% | 1h | 65.384 | −0.116% | $56K | $31K | 25x | as long as short |
| Variational Omni XAG | +0.0070% | 4h | 65.414 | −0.071% | $5.5M | $9.4M | — | as long as short |
| Kalshi KXSILVERPERP | +0.0077% | 24h | 65.442 | −0.027% | $513K | $30.0M | 8.1x | as long as short |
| MEXC SILVER_USDT | +0.0082% | 4h | 65.460 | 0.000% | $115.4M | $157.0M | 1000x | as long as short |
| Binance XAGUSDTlong | +0.0082% | 4h | 65.460 | long leg | $189.5M | $762.2M | 100x | |
| Aevo XAG-PERP | +0.0088% | 1h | 65.446 | −0.022% | $47K | — | 10x | as long as short |
| Lighter XAG | +0.0088% | 1h | 65.461 | +0.002% | $5.4M | $11.3M | 25x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.383 | −0.117% | $467K | $627K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.420 | −0.061% | $24.6M | $4.8M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.340 | −0.183% | $112K | $19K | 50x | as long as short |
| Nado XAG-PERP | +0.0101% | 1h | 65.412 | −0.074% | $1.2M | $5.5M | 10x | as long as short |
| edgeX XAGUSDC | +0.0107% | 4h | 65.373 | −0.133% | $665K | $314K | 30x | as long as short |
| GRVT XAG_USDT_Perp | +0.0120% | 4h | 65.397 | −0.096% | $397K | $1.6M | 25x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0120% | 1h | 65.380 | −0.122% | $1.6M | $1.4M | 20x | as long as short |
| Bullet SILVER-USD | +0.0145% | 1h | 65.473 | +0.020% | $43K | $76K | 10x | as long as short |
| Bitget XAGUSDT | +0.0186% | 4h | 65.480 | +0.031% | $23.8M | $46.7M | 100x | as long as short |
| OKX XAG-USDT-SWAP | +0.0192% | 8h | 65.470 | +0.015% | $27.8M | $71.3M | 50x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0209% | 1h | 65.440 | −0.031% | $66K | $372K | 20x | as long as short |
| Aftermath Perps XAGUSD | +0.0210% | 1h | 65.438 | −0.033% | $79K | $37K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0320% / S −0.0301% | 1h | 65.465 | +0.008% | $93K | — | 111x | as long as short |
| BloFin XAG-USDT | +0.0322% | 4h | 65.470 | +0.015% | $2.6M | $616K | 100x | as long as short |
| Kraken Futures PF_XAGUSDshort | +0.0492% | 1h | 65.440 | −0.030% | $917K | $747K | 25x |
Lighter RH XAG
Extended XAG-USD
Injective XAG/USDC PERP
StandX XAG-USD
Vest SI-PERP
Aster XAGUSDT
QFEX SILVER-USD
tradeXYZ xyz:SILVER
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Paradex XAG-USD-PERP
RISEx XAG/USDC
Phoenix SILVER
Variational Omni XAG
Kalshi KXSILVERPERP
MEXC SILVER_USDT
Aevo XAG-PERP
Lighter XAG
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Nado XAG-PERP
edgeX XAGUSDC
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
GMX SILVER/USD [ETH-USDC]
BloFin XAG-USDT