Funding you earn now, next payment 04:00 UTC+0.0485%/8h= +53.1% APRpaid last 24h +0.084%
Price spread now: Kraken Futures against Gate−0.078%7-day average −0.075% · you buy dearer than you sell
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$350.346% of the position
Funding, last 7 days+0.158%+$16 on $10k
+Price spread, last 4 days (all we have)+0.036%+$4 · spread now −0.078%, 7d avg −0.075%
=The price spread sits at its 7-day average of −0.075%, so right now this pair is about funding alone: +$15 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.158% in total (about 8.2% 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 | Gate XAG_USDT | 66.160 | 0 | get 0.0000% / 4h | 17m 55s | $150.1M | $163.5M | 100x |
| Short | Kraken Futures PF_XAGUSD | 66.108 | 0.0485 | get 0.0061% / 1h | 17m 55s | $913K | $681K | 25x |
Gate XAG_USDT
Kraken Futures PF_XAGUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Gate. 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
- $101.82
- Price spread: −0.078% → −0.075%
- −$0.31
- Slippage, 4 orders
- −$9.57
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $66.93
- Costs to cover
- 0.346%
- Break-even
- 2.4 days
Slippage from Gate: live order book, 1 min ago; Kraken Futures: live order book, 40 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 Gate live order book, 1 min ago | 0.75 bp | 8.3 bp −$8 | 9.6 bp −$96 | 13.2 bp −$1,322 | 17.2 bp −$8,593 |
| Sell Kraken Futures live order book, 40 min ago | 2.47 bp | 8.4 bp −$8 | 16.2 bp −$162 | 67.4 bp −$6,738 | 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 | 66.141 | −0.029% | $15K | — | 5x | as long as short |
| Gate XAG_USDTlong | 0.0000% | 4h | 66.160 | long leg | $150.1M | $163.5M | 100x | |
| SunX XAG-USDT | 0.0000% | 4h | 66.140 | −0.030% | $2K | $2.7M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.170 | +0.015% | $1.0M | $971K | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.150 | −0.015% | $1.5M | $317K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.068 | −0.138% | $121K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.124 | −0.054% | $4.8M | $9.5M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.075 | −0.129% | $5.2M | $11.6M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.363% | $11K | $94K | 52x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 66.180 | +0.030% | $796K | $3.1M | 40x | as long as short |
dYdX XAG-USD
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Lighter RH XAG
Extended XAG-USD
Injective XAG/USDC PERP
StandX XAG-USDShow 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 | 66.060 | −0.151% | $5.7M | $9.6M | 25x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.586 | +0.644% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.109 | −0.077% | $3.9M | $672K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.070 | −0.136% | $3K | $6K | 20x | as long as short |
| QFEX SILVER-USD | +0.0054% | 1h | 66.140 | −0.030% | $115K | $2.7M | 20x | as long as short |
| Phoenix SILVER | +0.0060% | 1h | 66.143 | −0.026% | $56K | $26K | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0070% | 24h | 66.110 | −0.076% | $547K | $25.4M | 8.1x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.104 | −0.085% | $471K | $615K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.110 | −0.076% | $24.5M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.120 | −0.060% | $113K | $30K | 50x | as long as short |
| tradeXYZ xyz:SILVER | +0.0123% | 1h | 66.111 | −0.074% | $165.9M | $74.2M | 25x | as long as short |
| RISEx XAG/USDC | +0.0137% | 1h | 66.160 | 0.000% | $1.3M | $4.5M | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0141% | 8h | 66.135 | −0.038% | $30K | $1K | 5x | as long as short |
| Aster XAGUSDT | +0.0145% | 4h | 66.149 | −0.016% | $2.7M | $878K | 100x | as long as short |
| Bybit XAGUSDT | +0.0162% | 4h | 66.160 | 0.000% | $27.0M | $36.0M | 150x | as long as short |
| Lighter XAG | +0.0176% | 1h | 66.129 | −0.047% | $5.2M | $10.7M | 25x | as long as short |
| Hotstuff SILVER-PERP | +0.0184% | 1h | 66.151 | −0.014% | $35K | $21K | 20x | as long as short |
| Aevo XAG-PERP | +0.0192% | 1h | 66.147 | −0.019% | $47K | — | 10x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0200% | 1h | 66.170 | +0.015% | $1.8M | $1.0M | 20x | as long as short |
| Variational Omni XAG | +0.0206% | 4h | 66.183 | +0.034% | $5.6M | $9.6M | — | as long as short |
| Nado XAG-PERP | +0.0206% | 1h | 66.136 | −0.037% | $1.4M | $6.4M | 10x | as long as short |
| MEXC SILVER_USDT | +0.0212% | 4h | 66.140 | −0.030% | $110.2M | $152.8M | 1000x | as long as short |
| Binance XAGUSDT | +0.0212% | 4h | 66.146 | −0.021% | $192.4M | $700.8M | 100x | as long as short |
| Aftermath Perps XAGUSD | +0.0218% | 1h | 66.129 | −0.048% | $80K | $36K | 10x | as long as short |
| edgeX XAGUSDC | +0.0228% | 4h | 66.187 | +0.040% | $672K | $311K | 30x | as long as short |
| OKX XAG-USDT-SWAP | +0.0231% | 8h | 66.140 | −0.030% | $27.7M | $65.1M | 50x | as long as short |
| BloFin XAG-USDT | +0.0243% | 4h | 66.200 | +0.060% | $2.6M | $555K | 100x | as long as short |
| Bitget XAGUSDT | +0.0256% | 4h | 66.150 | −0.015% | $23.8M | $45.3M | 100x | as long as short |
| GRVT XAG_USDT_Perp | +0.0278% | 4h | 66.198 | +0.058% | $389K | $1.5M | 25x | as long as short |
| Bullet SILVER-USD | +0.0287% | 1h | 66.148 | −0.018% | $44K | $76K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0355% | 1h | 66.120 | −0.060% | $62K | $349K | 20x | as long as short |
| Hibachi XAG/USDT-P | +0.0360% | 1h | 66.140 | −0.030% | $20K | $19K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0383% / S −0.0424% | 1h | 66.145 | −0.023% | $103K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSDshort | +0.0485% | 1h | 66.108 | −0.078% | $913K | $681K | 25x |
Ondo Perps XAG-USD.P
Vest SI-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
QFEX SILVER-USD
Phoenix SILVER
Kalshi KXSILVERPERP
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
tradeXYZ xyz:SILVER
RISEx XAG/USDC
Paradex XAG-USD-PERP
Aster XAGUSDT
Bybit XAGUSDT
Lighter XAG
Hotstuff SILVER-PERP
Aevo XAG-PERP
Coinbase International SILVER-PERP-INTX
Variational Omni XAG
Nado XAG-PERP
MEXC SILVER_USDT
Binance XAGUSDT
Aftermath Perps XAGUSD
edgeX XAGUSDC
OKX XAG-USDT-SWAP
BloFin XAG-USDT
Bitget XAGUSDT
GRVT XAG_USDT_Perp
Bullet SILVER-USD
Deribit SILVER_USDC-PERPETUAL
Hibachi XAG/USDT-P
GMX SILVER/USD [ETH-USDC]