XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0461%/8h= +50.5% APRnext payment +$0.58 per $10,000 · paid last 24h +0.077%

Price spread now: Kraken Futures against Extended+0.031%57s7-day average −0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$15as 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−$250.254% of the position

Long on Extended Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.108%+$11 on $10k

Price spread, last 4 days (all we have)+0.009%+$1 · spread now +0.031%, 7d avg −0.026%

Together, before fees+0.117%+ Points / potential airdropExtended: Active · farm board+$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Kraken Futures is 0.057% dearer against Extended than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.026%. The two prices were read 57 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 0.108% in total (about 5.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.58 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	Extended XAG-USD	65.281	0.0032	pay 0.0004% / 1h	28m 26s	$5.1M	$11.6M	10x
Short	Kraken Futures PF_XAGUSD	65.301	0.0493	get 0.0062% / 1h	28m 26s	$915K	$746K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Extended. 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 ExtendedbpFee Kraken FuturesbpOrdersPrice spread, now +0.031%Rate

Funding earned: $96.81
Price spread: +0.031% → −0.026%: $5.75
Slippage, 4 orders: −$10.42
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $77.14
Costs to cover: 0.254%
Break-even: 1.4 days

Slippage from Extended: live order book, 6 min ago; Kraken Futures: live order book, 15 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 Extended live order book, 6 min ago	0.08 bp	4.4 bp −$4	6.7 bp −$67	14.9 bp −$1,491	doesn't fit
Sell Kraken Futures live order book, 15 min ago	2.80 bp	9.9 bp −$10	18.2 bp −$182	69.8 bp −$6,983	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	−0.0176%	1h	65.280	−0.001%	$20K	$20K	10x	as long as short
Ondo Perps XAG-USD.P	−0.0093%	1h	65.220	−0.093%	$5.6M	$9.7M	25x	as long as short
Hotstuff SILVER-PERP	−0.0048%	1h	65.328	+0.073%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	65.295	+0.022%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.340	+0.091%	$28.0M	$39.8M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.340	+0.091%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.380	+0.152%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.360	+0.122%	$1.5M	$280K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.310	+0.045%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0022%	4h	65.360	+0.122%	$141.2M	$182.2M	100x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XAG	+0.0032%	1h	65.359	+0.120%	$4.6M	$9.8M	25x	as long as short
Extended XAG-USDlong	+0.0032%	1h	65.281	long leg	$5.1M	$11.6M	10x
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.715%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.330	+0.076%	$786K	$2.9M	40x	as long as short
Aster XAGUSDT	+0.0041%	4h	65.340	+0.091%	$2.7M	$966K	100x	as long as short
Variational Omni XAG	+0.0043%	4h	65.344	+0.096%	$5.5M	$9.4M	—	as long as short
Vest SI-PERP	+0.0046%	1h	65.753	+0.724%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0050%	1h	65.330	+0.076%	$152K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.307	+0.040%	$170.3M	$83.6M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.297	+0.025%	$3.8M	$718K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.265	−0.024%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0056%	8h	65.325	+0.069%	$29K	$1K	5x	as long as short
RISEx XAG/USDC	+0.0061%	1h	65.348	+0.104%	$1.2M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0061%	1h	65.313	+0.050%	$56K	$31K	25x	as long as short
MEXC SILVER_USDT	+0.0064%	4h	65.330	+0.076%	$115.9M	$157.4M	1000x	as long as short
Binance XAGUSDT	+0.0064%	4h	65.340	+0.091%	$190.1M	$763.5M	100x	as long as short
Aevo XAG-PERP	+0.0072%	1h	65.328	+0.072%	$47K	—	10x	as long as short
edgeX XAGUSDC	+0.0073%	4h	65.347	+0.102%	$665K	$314K	30x	as long as short
Kalshi KXSILVERPERP	+0.0077%	24h	65.302	+0.033%	$487K	$30.8M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	65.307	+0.041%	$467K	$624K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.310	+0.045%	$25.3M	$5.0M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.340	+0.091%	$112K	$19K	50x	as long as short
GRVT XAG_USDT_Perp	+0.0114%	4h	65.360	+0.122%	$397K	$1.6M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0120%	1h	65.380	+0.152%	$1.6M	$1.4M	20x	as long as short
Nado XAG-PERP	+0.0129%	1h	65.291	+0.015%	$1.2M	$5.4M	10x	as long as short
Lighter XAG	+0.0136%	1h	65.369	+0.135%	$5.4M	$11.4M	25x	as long as short
Bullet SILVER-USD	+0.0177%	1h	65.348	+0.104%	$44K	$76K	10x	as long as short
Bitget XAGUSDT	+0.0178%	4h	65.330	+0.076%	$23.8M	$46.4M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0184%	8h	65.340	+0.091%	$28.0M	$71.0M	50x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0210%	1h	65.310	+0.045%	$65K	$377K	20x	as long as short
Aftermath Perps XAGUSD	+0.0220%	1h	65.312	+0.049%	$79K	$37K	10x	as long as short
BloFin XAG-USDT	+0.0260%	4h	65.350	+0.106%	$2.6M	$611K	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0273% / S −0.0241%	1h	65.355	+0.114%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSDshort	+0.0493%	1h	65.301	+0.031%	$915K	$746K	25x