XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0268%/8h= +29.3% APRnext payment +$0.33 per $10,000 · paid last 24h +0.005%

Price spread now: Kraken Futures against Deribit−0.029%7-day average −0.065% · 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−$29as in the Price arb table

costs, in and out, $10k−$320.322% of the position

Long on Deribit Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.135%−$14 on $10k

Price spread, last 4 days (all we have)−0.081%−$8 · spread now −0.029%, 7d avg −0.065%

Together, before fees−0.217%−$22 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Kraken Futures is 0.037% dearer against Deribit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.065%. Mind the row above: over the last 4 days funding on this pair cost −0.135%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SILVER_USDC-PERPETUAL	66.000	0.0356	pay 0.0045% / 1h	46m 18s	$75K	$363K	20x
Short	Kraken Futures PF_XAGUSD	65.981	0.0624	get 0.0078% / 1h	46m 18s	$911K	$683K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee Kraken FuturesbpOrdersPrice spread, now −0.029%Rate

Funding earned: $56.2
Price spread: −0.029% → −0.065%: $3.65
Slippage, 4 orders: −$15.24
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $27.62
Costs to cover: 0.322%
Break-even: 3.6 days

Slippage from Deribit: live order book, 7 min ago; Kraken Futures: live order book, 7 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 Deribit live order book, 7 min ago	0.76 bp	4.3 bp −$4	4.6 bp −$46	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 7 min ago	2.87 bp	8.7 bp −$9	18.5 bp −$185	57.7 bp −$5,769	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
Ondo Perps XAG-USD.P	−0.0034%	1h	65.900	−0.152%	$5.7M	$9.3M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.934	−0.100%	$14K	—	5x	as long as short
SunX XAG-USDT	0.0000%	4h	66.010	+0.015%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.040	+0.061%	$1.0M	$967K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.030	+0.045%	$1.5M	$319K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.950	−0.076%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.993	−0.010%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.948	−0.079%	$5.1M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.606%	$11K	$94K	52x	as long as short
Hotstuff SILVER-PERP	+0.0040%	1h	65.974	−0.039%	$35K	$21K	20x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	66.020	+0.030%	$794K	$3.1M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.435	+0.659%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.975	−0.038%	$166.0M	$73.6M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.977	−0.035%	$3.9M	$674K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.944	−0.085%	$3K	$6K	20x	as long as short
Gate XAG_USDT	+0.0058%	4h	66.030	+0.045%	$149.6M	$163.3M	100x	as long as short
QFEX SILVER-USD	+0.0060%	1h	66.000	0.000%	$114K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0072%	24h	65.969	−0.047%	$535K	$25.9M	8.1x	as long as short
Phoenix SILVER	+0.0073%	1h	65.942	−0.088%	$56K	$26K	25x	as long as short
RISEx XAG/USDC	+0.0080%	1h	66.015	+0.023%	$1.3M	$4.9M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.950	−0.076%	$469K	$614K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.980	−0.030%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.940	−0.091%	$113K	$30K	50x	as long as short
Lighter XAG	+0.0120%	1h	65.999	−0.002%	$5.2M	$10.6M	25x	as long as short
Paradex XAG-USD-PERP	+0.0126%	8h	66.001	+0.002%	$30K	$1K	5x	as long as short
Bybit XAGUSDT	+0.0129%	4h	66.020	+0.030%	$27.3M	$36.4M	150x	as long as short
Aster XAGUSDT	+0.0141%	4h	66.010	+0.015%	$2.7M	$862K	100x	as long as short
Nado XAG-PERP	+0.0166%	1h	65.966	−0.052%	$1.4M	$6.1M	10x	as long as short
Aevo XAG-PERP	+0.0192%	1h	66.002	+0.003%	$47K	—	10x	as long as short
Variational Omni XAG	+0.0195%	4h	65.993	−0.010%	$5.6M	$9.4M	—	as long as short
BloFin XAG-USDT	+0.0197%	4h	66.010	+0.015%	$2.6M	$556K	100x	as long as short
MEXC SILVER_USDT	+0.0206%	4h	66.000	0.000%	$113.1M	$151.7M	1000x	as long as short
Binance XAGUSDT	+0.0206%	4h	66.010	+0.015%	$191.0M	$702.7M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	65.950	−0.076%	$1.8M	$1.0M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0212%	4h	66.009	+0.014%	$394K	$1.5M	25x	as long as short
Aftermath Perps XAGUSD	+0.0216%	1h	65.981	−0.029%	$79K	$36K	10x	as long as short
edgeX XAGUSDC	+0.0222%	4h	65.987	−0.019%	$669K	$312K	30x	as long as short
Bullet SILVER-USD	+0.0232%	1h	66.016	+0.024%	$44K	$76K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0234%	8h	66.020	+0.030%	$27.6M	$64.8M	50x	as long as short
Bitget XAGUSDT	+0.0246%	4h	66.010	+0.015%	$23.9M	$45.4M	100x	as long as short
Hibachi XAG/USDT-P	+0.0352%	1h	65.979	−0.032%	$20K	$19K	10x	as long as short
Deribit SILVER_USDC-PERPETUALlong	+0.0356%	1h	66.000	long leg	$75K	$363K	20x
GMX SILVER/USD [ETH-USDC]	L +0.0387% / S −0.0440%	1h	66.015	+0.023%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSDshort	+0.0624%	1h	65.981	−0.029%	$911K	$683K	25x