Funding you earn now, next payment 00:00 UTC+0.0514%/8h= +56.2% APRpaid last 24h +0.054%
Price spread now: Kraken Futures against BloFin−0.035%7-day average −0.088% · you buy dearer than you sell
Net, funding: paid 7d − costs+$5as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$310.309% of the position
Funding, last 7 days+0.355%+$36 on $10k
+Price spread, last 3 days (all we have)−0.074%−$7 · spread now −0.035%, 7d avg −0.088%
=Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Kraken Futures is 0.054% dearer against BloFin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.088%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.355% in total (about 18.5% 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 | BloFin XAG-USDT | 66.460 | 0.0082 | pay 0.0041% / 4h | 40m 44s | $2.6M | $650K | 100x |
| Short | Kraken Futures PF_XAGUSD | 66.437 | 0.0596 | get 0.0074% / 1h | 40m 44s | $768K | $566K | 25x |
BloFin XAG-USDT
Kraken Futures PF_XAGUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BloFin. 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
- $107.84
- Price spread: −0.035% → −0.088%
- $5.37
- Slippage, 4 orders
- −$8.94
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $82.27
- Costs to cover
- 0.309%
- Break-even
- 1.7 days
Slippage from BloFin: live order book, 2 min ago; Kraken Futures: live order book, 37 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 BloFin live order book, 2 min ago | 0.75 bp | 6.8 bp −$7 | 6.8 bp −$68 | 8.9 bp −$895 | 15.0 bp −$7,493 |
| Sell Kraken Futures live order book, 37 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 | −0.136% | $15K | — | 5x | as long as short |
| Bybit XAGUSDT | 0.0000% | 4h | 66.480 | +0.030% | $25.7M | $33.5M | 150x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.460 | 0.000% | $147.2M | $170.1M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.480 | +0.030% | $2K | $3.1M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.500 | +0.060% | $1.0M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.490 | +0.045% | $1.5M | $250K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.392 | −0.103% | $120K | — | 250x | as long as short |
| Hotstuff SILVER-PERP | +0.0016% | 1h | 66.432 | −0.042% | $35K | $21K | 20x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.463 | +0.005% | $4.8M | $9.6M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.405 | −0.083% | $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 | −0.090% | $11K | $94K | 52x | as long as short |
| Phoenix SILVER | +0.0036% | 1h | 66.418 | −0.063% | $56K | $26K | 25x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 66.400 | −0.090% | $795K | $2.7M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.902 | +0.665% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.434 | −0.039% | $3.9M | $699K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.402 | −0.087% | $4K | $5K | 20x | as long as short |
| Ondo Perps XAG-USD.P | +0.0050% | 1h | 66.360 | −0.150% | $5.7M | $10.0M | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0059% | 24h | 66.420 | −0.060% | $590K | $21.2M | 8.1x | as long as short |
| QFEX SILVER-USD | +0.0061% | 1h | 66.460 | 0.000% | $124K | $2.8M | 20x | as long as short |
| tradeXYZ xyz:SILVER | +0.0070% | 1h | 66.443 | −0.026% | $165.6M | $87.6M | 25x | as long as short |
| BloFin XAG-USDTlong | +0.0082% | 4h | 66.460 | long leg | $2.6M | $650K | 100x | |
| Variational Omni XAG | +0.0088% | 4h | 66.467 | +0.010% | $5.6M | $10.3M | — | as long as short |
| Aster XAGUSDT | +0.0092% | 4h | 66.471 | +0.017% | $2.8M | $1.1M | 100x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.414 | −0.069% | $475K | $625K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.430 | −0.045% | $24.5M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.370 | −0.135% | $126K | $26K | 50x | as long as short |
| MEXC SILVER_USDT | +0.0102% | 4h | 66.470 | +0.015% | $114.4M | $152.9M | 1000x | as long as short |
| Paradex XAG-USD-PERP | +0.0102% | 8h | 66.451 | −0.014% | $30K | $1K | 5x | as long as short |
| Binance XAGUSDT | +0.0103% | 4h | 66.470 | +0.015% | $191.9M | $721.7M | 100x | as long as short |
| Aevo XAG-PERP | +0.0104% | 1h | 66.460 | 0.000% | $48K | — | 10x | as long as short |
| edgeX XAGUSDC | +0.0110% | 4h | 66.443 | −0.026% | $674K | $316K | 30x | as long as short |
| Lighter XAG | +0.0112% | 1h | 66.463 | +0.004% | $5.2M | $10.3M | 25x | as long as short |
| Bitget XAGUSDT | +0.0122% | 4h | 66.480 | +0.030% | $24.2M | $47.9M | 100x | as long as short |
| Aftermath Perps XAGUSD | +0.0148% | 1h | 66.436 | −0.036% | $80K | $40K | 10x | as long as short |
| GRVT XAG_USDT_Perp | +0.0156% | 4h | 66.486 | +0.038% | $399K | $1.4M | 25x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0160% | 1h | 66.460 | 0.000% | $1.9M | $848K | 20x | as long as short |
| OKX XAG-USDT-SWAP | +0.0188% | 8h | 66.470 | +0.015% | $27.6M | $66.2M | 50x | as long as short |
| RISEx XAG/USDC | +0.0208% | 1h | 66.473 | +0.020% | $1.3M | $4.2M | 20x | as long as short |
| Bullet SILVER-USD | +0.0244% | 1h | 66.470 | +0.014% | $46K | $75K | 10x | as long as short |
| Nado XAG-PERP | +0.0251% | 1h | 66.409 | −0.077% | $1.3M | $6.5M | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0258% / S −0.0231% | 1h | 66.465 | +0.008% | $103K | — | 111x | as long as short |
| Hibachi XAG/USDT-P | +0.0304% | 1h | 66.415 | −0.067% | $20K | $22K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0352% | 1h | 66.450 | −0.015% | $51K | $360K | 20x | as long as short |
| Kraken Futures PF_XAGUSDshort | +0.0596% | 1h | 66.437 | −0.035% | $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
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
MEXC SILVER_USDT
Paradex XAG-USD-PERP
Binance XAGUSDT
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