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: Extended against Kraken Futures−0.041%7-day average +0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$250.254% of the position

Long on Kraken Futures Short on Extended

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)+0.002%$0 · spread now −0.041%, 7d avg +0.026%

Together, before fees−0.106%+ Points / potential airdropExtended: Active · farm board−$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Extended is 0.068% cheaper against Kraken Futures than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.026%). Swap the legs.

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	Kraken Futures PF_XAGUSD	65.308	0.0493	pay 0.0062% / 1h	28m 19s	$915K	$746K	25x
Short	Extended XAG-USD	65.281	0.0032	get 0.0004% / 1h	28m 19s	$5.1M	$11.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.041%Rate

Funding earned: −$96.8
Price spread: −0.041% → +0.026%: −$6.79
Slippage, 4 orders: −$10.42
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$129.01
Costs to cover: 0.254%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 15 min ago; Extended: live order book, 6 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, 15 min ago	2.80 bp	8.6 bp −$9	16.0 bp −$160	doesn't fit	doesn't fit
Sell Extended live order book, 6 min ago	0.08 bp	2.6 bp −$3	3.4 bp −$34	9.9 bp −$987	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	−0.042%	$20K	$20K	10x	as long as short
Ondo Perps XAG-USD.P	−0.0093%	1h	65.220	−0.134%	$5.6M	$9.7M	25x	as long as short
Hotstuff SILVER-PERP	−0.0048%	1h	65.328	+0.031%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	65.295	−0.019%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.340	+0.050%	$28.0M	$39.8M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.350	+0.065%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.390	+0.126%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.360	+0.080%	$1.5M	$280K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.281	−0.041%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0022%	4h	65.360	+0.080%	$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	65.337	+0.044%	$4.6M	$9.8M	25x	as long as short
Extended XAG-USDshort	+0.0032%	1h	65.281	−0.041%	$5.1M	$11.6M	10x
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.673%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.330	+0.034%	$786K	$2.9M	40x	as long as short
Aster XAGUSDT	+0.0041%	4h	65.340	+0.050%	$2.7M	$966K	100x	as long as short
Variational Omni XAG	+0.0043%	4h	65.344	+0.055%	$5.5M	$9.4M	—	as long as short
Vest SI-PERP	+0.0046%	1h	65.753	+0.682%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0050%	1h	65.330	+0.034%	$152K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.307	−0.001%	$170.3M	$83.6M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.297	−0.016%	$3.8M	$718K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.278	−0.045%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0056%	8h	65.325	+0.027%	$29K	$1K	5x	as long as short
RISEx XAG/USDC	+0.0061%	1h	65.348	+0.062%	$1.2M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0061%	1h	65.313	+0.008%	$56K	$31K	25x	as long as short
MEXC SILVER_USDT	+0.0064%	4h	65.330	+0.034%	$115.9M	$157.4M	1000x	as long as short
Binance XAGUSDT	+0.0064%	4h	65.340	+0.050%	$190.1M	$763.5M	100x	as long as short
Aevo XAG-PERP	+0.0072%	1h	65.328	+0.031%	$47K	—	10x	as long as short
edgeX XAGUSDC	+0.0073%	4h	65.347	+0.061%	$665K	$314K	30x	as long as short
Kalshi KXSILVERPERP	+0.0077%	24h	65.316	+0.013%	$487K	$30.8M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	65.307	−0.001%	$467K	$624K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.310	+0.004%	$25.3M	$5.0M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.340	+0.050%	$112K	$19K	50x	as long as short
GRVT XAG_USDT_Perp	+0.0114%	4h	65.360	+0.080%	$397K	$1.6M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0120%	1h	65.380	+0.111%	$1.6M	$1.4M	20x	as long as short
Nado XAG-PERP	+0.0129%	1h	65.291	−0.026%	$1.2M	$5.4M	10x	as long as short
Lighter XAG	+0.0136%	1h	65.341	+0.051%	$5.4M	$11.4M	25x	as long as short
Bullet SILVER-USD	+0.0177%	1h	65.348	+0.062%	$44K	$76K	10x	as long as short
Bitget XAGUSDT	+0.0178%	4h	65.340	+0.050%	$23.8M	$46.4M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0184%	8h	65.350	+0.065%	$28.0M	$71.0M	50x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.320	+0.019%	$65K	$378K	20x	as long as short
Aftermath Perps XAGUSD	+0.0220%	1h	65.312	+0.007%	$79K	$37K	10x	as long as short
BloFin XAG-USDT	+0.0260%	4h	65.350	+0.065%	$2.6M	$611K	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0273% / S −0.0241%	1h	65.335	+0.042%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSDlong	+0.0493%	1h	65.308	long leg	$915K	$746K	25x