XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0547%/8h= +59.9% APRnext payment +$0.68 per $10,000 · paid last 24h +0.083%

Price spread now: Kraken Futures against gTrade (Gains Network)+0.041%7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$286as in the Price arb table

costs, in and out, $10k−$2872.871% of the position

Long on gTrade (Gains Network)Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.006%−$1 on $10k

Price spread, last 4 days (all we have)+0.006%+$1 · spread now +0.041%, 7d avg +0.034%

Together, before fees0.000%$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.034%, so right now this pair is about funding alone: +$16 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.006% in total (about -0.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.68 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	gTrade (Gains Network) XAG/USD	66.090	L +0.0004% / S −0.0006%	pay 0.0000% / 1h	2m 37s	$121K	—	250x
Short	Kraken Futures PF_XAGUSD	66.117	0.0551	get 0.0069% / 1h	2m 37s	$912K	$674K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee Kraken FuturesbpOrdersPrice spread, now +0.041%Rate

Funding earned: $114.87
Price spread: +0.041% → +0.034%: $0.71
Slippage, 4 orders: −$267.07
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$171.48
Costs to cover: 2.871%
Break-even: 17.4 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 26 min ago; Kraken Futures: live order book, 61 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 gTrade (Gains Network) virtual book (oracle venue), 26 min ago	130.01 bp	135.0 bp −$135	135.0 bp −$1,350	580.0 bp −$58.0K	2587.5 bp −$1.29M
Sell Kraken Futures live order book, 61 min ago	2.64 bp	8.5 bp −$9	15.9 bp −$159	32.7 bp −$3,270	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	66.087	−0.005%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.150	+0.091%	$149.8M	$165.4M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.160	+0.106%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.190	+0.151%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.170	+0.121%	$1.5M	$255K	100x	as long as short
gTrade (Gains Network) XAG/USDlong	L +0.0004% / S −0.0006%	1h	66.090	long leg	$121K	—	250x
Lighter RH XAG	+0.0032%	1h	66.133	+0.064%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.072	−0.028%	$5.2M	$12.0M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.469%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.100	+0.015%	$795K	$3.0M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAG-USD.P	+0.0041%	1h	66.040	−0.076%	$5.7M	$9.7M	25x	as long as short
Vest SI-PERP	+0.0046%	1h	66.575	+0.734%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.111	+0.032%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.085	−0.008%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.140	+0.076%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0066%	24h	66.101	+0.016%	$544K	$24.8M	8.1x	as long as short
Phoenix SILVER	+0.0084%	1h	66.097	+0.010%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0093%	1h	66.108	+0.027%	$165.3M	$73.9M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.090	0.000%	$470K	$612K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.110	+0.030%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.120	+0.045%	$113K	$30K	50x	as long as short
Hotstuff SILVER-PERP	+0.0112%	1h	66.108	+0.027%	$35K	$21K	20x	as long as short
Aster XAGUSDT	+0.0122%	4h	66.120	+0.045%	$2.7M	$878K	100x	as long as short
Paradex XAG-USD-PERP	+0.0128%	8h	66.137	+0.071%	$30K	$1K	5x	as long as short
Bybit XAGUSDT	+0.0134%	4h	66.170	+0.121%	$26.9M	$36.0M	150x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.148	+0.087%	$47K	—	10x	as long as short
Variational Omni XAG	+0.0178%	4h	66.142	+0.079%	$5.6M	$9.8M	—	as long as short
RISEx XAG/USDC	+0.0181%	1h	66.149	+0.089%	$1.3M	$4.4M	20x	as long as short
Lighter XAG	+0.0184%	1h	66.125	+0.053%	$5.2M	$10.6M	25x	as long as short
MEXC SILVER_USDT	+0.0188%	4h	66.140	+0.076%	$106.7M	$154.2M	1000x	as long as short
Binance XAGUSDT	+0.0191%	4h	66.150	+0.091%	$192.2M	$704.7M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.180	+0.136%	$1.8M	$1.0M	20x	as long as short
edgeX XAGUSDC	+0.0198%	4h	66.162	+0.109%	$671K	$315K	30x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0204%	1h	66.130	+0.060%	$63K	$337K	20x	as long as short
BloFin XAG-USDT	+0.0207%	4h	66.160	+0.106%	$2.6M	$551K	100x	as long as short
OKX XAG-USDT-SWAP	+0.0216%	8h	66.150	+0.091%	$27.7M	$65.8M	50x	as long as short
Nado XAG-PERP	+0.0224%	1h	66.084	−0.009%	$1.3M	$6.5M	10x	as long as short
Aftermath Perps XAGUSD	+0.0230%	1h	66.129	+0.058%	$80K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0238%	4h	66.150	+0.091%	$23.8M	$45.6M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0254%	4h	66.140	+0.076%	$396K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0272%	1h	66.161	+0.107%	$45K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0296%	1h	66.066	−0.036%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0361% / S −0.0389%	1h	66.165	+0.113%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSDshort	+0.0551%	1h	66.117	+0.041%	$912K	$674K	25x