XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0362%/8h= −39.6% APRnext payment −$0.45 per $10,000 · paid last 24h −0.055%

Price spread now: ApeX Omni against Kraken Futures+0.009%45s7-day average +0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as 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−$630.631% of the position

Long on Kraken Futures Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 3 days (all we have)+0.079%+$8 · spread now +0.009%, 7d avg +0.062%

Together, before fees+0.084%+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and ApeX Omni is 0.053% cheaper against Kraken Futures than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.062%). Swap the legs. The two prices were read 45 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 0.006% in total (about 0.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.45 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	Kraken Futures PF_XAGUSD	66.484	0.0462	pay 0.0058% / 1h	39m 32s	$767K	$488K	25x
Short	ApeX Omni XAGUSDT	66.490	0.0100	get 0.0013% / 1h	39m 32s	$126K	$23K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Kraken Futures. 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 Kraken FuturesbpFee ApeX OmnibpOrdersPrice spread, now +0.009%Rate

Funding earned: −$75.93
Price spread: +0.009% → +0.062%: −$5.3
Slippage, 4 orders: −$43.12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$144.35
Costs to cover: 0.631%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 29 min ago; ApeX Omni: live order book, 26 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 Kraken Futures live order book, 29 min ago	2.75 bp	8.9 bp −$9	13.7 bp −$137	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 26 min ago	9.02 bp	24.9 bp −$25	62.8 bp −$628	doesn't fit	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
Hotstuff SILVER-PERP	−0.0008%	1h	66.483	−0.001%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	66.423	−0.092%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.510	+0.039%	$154.5M	$161.9M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.530	+0.069%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.540	+0.084%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.530	+0.069%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.449	−0.053%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.500	+0.024%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.448	−0.054%	$5.4M	$12.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.126%	$11K	$94K	52x	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	66.530	+0.069%	$800K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.961	+0.718%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.413	−0.107%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.490	+0.009%	$3.9M	$669K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.438	−0.069%	$3K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.410	−0.111%	$5.7M	$9.6M	25x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.510	+0.039%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0061%	24h	66.473	−0.016%	$574K	$23.1M	8.1x	as long as short
Bybit XAGUSDT	+0.0072%	4h	66.540	+0.084%	$26.4M	$35.9M	150x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.524	+0.060%	$1.2M	$4.3M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0096%	1h	66.484	0.000%	$166.0M	$76.0M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.456	−0.042%	$473K	$605K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.480	−0.006%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDTshort	+0.0100%	1h	66.490	+0.009%	$126K	$23K	50x
BloFin XAG-USDT	+0.0103%	4h	66.570	+0.130%	$2.6M	$624K	100x	as long as short
Aster XAGUSDT	+0.0116%	4h	66.520	+0.054%	$2.8M	$971K	100x	as long as short
Paradex XAG-USD-PERP	+0.0122%	8h	66.500	+0.025%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0129%	4h	66.505	+0.031%	$5.5M	$9.8M	—	as long as short
Aevo XAG-PERP	+0.0136%	1h	66.511	+0.041%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0148%	4h	66.520	+0.054%	$108.2M	$156.6M	1000x	as long as short
Binance XAGUSDT	+0.0151%	4h	66.525	+0.062%	$193.1M	$706.9M	100x	as long as short
edgeX XAGUSDC	+0.0153%	4h	66.569	+0.128%	$676K	$313K	30x	as long as short
Lighter XAG	+0.0160%	1h	66.512	+0.042%	$5.4M	$10.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.520	+0.054%	$1.9M	$967K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0197%	8h	66.540	+0.084%	$28.1M	$66.0M	50x	as long as short
Aftermath Perps XAGUSD	+0.0220%	1h	66.494	+0.015%	$80K	$38K	10x	as long as short
Nado XAG-PERP	+0.0224%	1h	66.474	−0.015%	$1.3M	$6.5M	10x	as long as short
Bitget XAGUSDT	+0.0224%	4h	66.530	+0.069%	$24.5M	$45.8M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0238%	4h	66.520	+0.054%	$400K	$1.5M	25x	as long as short
Hibachi XAG/USDT-P	+0.0272%	1h	66.466	−0.027%	$20K	$22K	10x	as long as short
Bullet SILVER-USD	+0.0281%	1h	66.528	+0.066%	$45K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0292% / S −0.0281%	1h	66.515	+0.047%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0352%	1h	66.490	+0.009%	$50K	$325K	20x	as long as short
Kraken Futures PF_XAGUSDlong	+0.0462%	1h	66.484	long leg	$767K	$488K	25x