Funding you earn now, next payment 23:00 UTC−0.0272%/8h= −29.8% APRpaid last 24h +0.068%
Price spread now: Kraken Futures against Bybit−0.063%7-day average −0.079% · you buy dearer than you sell
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$410.415% of the position
Funding, last 7 days+0.147%+$15 on $10k
+Price spread, last 3 days (all we have)+0.014%+$1 · spread now −0.063%, 7d avg −0.079%
=The price spread sits at its 7-day average of −0.079%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.147%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.147% in total (about 7.7% 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 | Bybit XAGUSDT | 66.210 | 0 | get 0.0000% / 4h | 1h 47m | $25.5M | $34.1M | 150x |
| Short | Kraken Futures PF_XAGUSD | 66.168 | −0.0272 | pay 0.0034% / 1h | 47m 42s | $777K | $591K | 25x |
Bybit XAGUSDT
Kraken Futures PF_XAGUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bybit. 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
- −$57.1
- Price spread: −0.063% → −0.079%
- $1.6
- Slippage, 4 orders
- −$20.48
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$96.98
- Costs to cover
- 0.415%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 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 Bybit live order book, 1 min ago | 0.75 bp | 6.3 bp −$6 | 11.4 bp −$114 | 18.3 bp −$1,828 | 66.7 bp −$33.3K |
| Sell Kraken Futures live order book, 36 min ago | 2.33 bp | 18.3 bp −$18 | 32.3 bp −$323 | 150.5 bp −$15.0K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XAGUSDshort | −0.0272% | 1h | 66.168 | −0.063% | $777K | $591K | 25x | |
| Hotstuff SILVER-PERP | −0.0032% | 1h | 66.165 | −0.068% | $35K | $21K | 20x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 66.121 | −0.134% | $15K | — | 5x | as long as short |
| Bybit XAGUSDTlong | 0.0000% | 4h | 66.210 | long leg | $25.5M | $34.1M | 150x | |
| RISEx XAG/USDC | 0.0000% | 1h | 66.209 | −0.002% | $1.3M | $4.2M | 20x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.190 | −0.030% | $146.4M | $171.5M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.190 | −0.030% | $2K | $3.3M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.220 | +0.015% | $1.0M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.210 | 0.000% | $1.5M | $247K | 100x | as long as short |
| Bitget XAGUSDT | +0.0002% | 4h | 66.210 | 0.000% | $23.7M | $48.6M | 100x | as long as short |
Hotstuff SILVER-PERP
dYdX XAG-USD
RISEx XAG/USDC
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
Bitget XAGUSDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.131 | −0.120% | $120K | — | 10x | as long as short |
| Aster XAGUSDT | +0.0005% | 4h | 66.195 | −0.023% | $2.8M | $1.1M | 100x | as long as short |
| GRVT XAG_USDT_Perp | +0.0008% | 4h | 66.209 | −0.001% | $395K | $1.6M | 25x | as long as short |
| QFEX SILVER-USD | +0.0016% | 1h | 66.190 | −0.030% | $144K | $2.8M | 20x | as long as short |
| Variational Omni XAG | +0.0031% | 4h | 66.189 | −0.031% | $5.4M | $10.7M | — | as long as short |
| Lighter XAG | +0.0032% | 1h | 66.177 | −0.051% | $5.2M | $10.7M | 25x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.174 | −0.054% | $4.5M | $9.4M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.147 | −0.095% | $5.5M | $14.8M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.287% | $11K | $94K | 52x | as long as short |
| MEXC SILVER_USDT | +0.0040% | 4h | 66.200 | −0.015% | $116.6M | $181.1M | 1000x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 66.160 | −0.076% | $792K | $2.8M | 40x | as long as short |
| Binance XAGUSDT | +0.0041% | 4h | 66.206 | −0.006% | $189.3M | $761.0M | 100x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.639 | +0.648% | — | — | 25x | as long as short |
| tradeXYZ xyz:SILVER | +0.0050% | 1h | 66.156 | −0.082% | $164.0M | $91.6M | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.165 | −0.068% | $3.9M | $715K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.131 | −0.119% | $4K | $5K | 20x | as long as short |
| Ondo Perps XAG-USD.P | +0.0050% | 1h | 66.120 | −0.136% | $5.6M | $9.9M | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0054% | 24h | 66.149 | −0.092% | $589K | $21.6M | 8.1x | as long as short |
| Aevo XAG-PERP | +0.0056% | 1h | 66.188 | −0.033% | $48K | — | 10x | as long as short |
| edgeX XAGUSDC | +0.0056% | 4h | 66.191 | −0.029% | $671K | $315K | 30x | as long as short |
| BloFin XAG-USDT | +0.0068% | 4h | 66.180 | −0.045% | $2.5M | $1.2M | 100x | as long as short |
| Phoenix SILVER | +0.0073% | 1h | 66.124 | −0.130% | $56K | $26K | 25x | as long as short |
| Aftermath Perps XAGUSD | +0.0075% | 1h | 66.151 | −0.089% | $80K | $40K | 10x | as long as short |
| Paradex XAG-USD-PERP | +0.0090% | 8h | 66.186 | −0.036% | $30K | $1K | 5x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.152 | −0.088% | $474K | $641K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.170 | −0.060% | $24.3M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.110 | −0.151% | $113K | $77K | 50x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0104% | 1h | 66.180 | −0.045% | $1.9M | $886K | 20x | as long as short |
| OKX XAG-USDT-SWAP | +0.0140% | 8h | 66.210 | 0.000% | $27.2M | $67.5M | 50x | as long as short |
| Nado XAG-PERP | +0.0146% | 1h | 66.149 | −0.092% | $1.3M | $6.5M | 10x | as long as short |
| Bullet SILVER-USD | +0.0168% | 1h | 66.205 | −0.007% | $45K | $74K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0360% / S −0.0369% | 1h | 66.195 | −0.023% | $103K | — | 29x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0808% | 1h | 66.210 | 0.000% | $60K | $357K | 20x | as long as short |
gTrade (Gains Network) XAG/USD
Aster XAGUSDT
GRVT XAG_USDT_Perp
QFEX SILVER-USD
Variational Omni XAG
Lighter XAG
Lighter RH XAG
Extended XAG-USD
Injective XAG/USDC PERP
MEXC SILVER_USDT
StandX XAG-USD
Binance XAGUSDT
Vest SI-PERP
tradeXYZ xyz:SILVER
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Ondo Perps XAG-USD.P
Kalshi KXSILVERPERP
Aevo XAG-PERP
edgeX XAGUSDC
BloFin XAG-USDT
Phoenix SILVER
Aftermath Perps XAGUSD
Paradex XAG-USD-PERP
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Coinbase International SILVER-PERP-INTX
OKX XAG-USDT-SWAP
Nado XAG-PERP
Bullet SILVER-USD
GMX SILVER/USD [ETH-USDC]
Deribit SILVER_USDC-PERPETUAL