Funding you earn now, next payment 09:00 UTC−0.0767%/8h= −84.0% APRnext payment −$0.96 per $10,000 · paid last 24h −0.098%
Price spread now: gTrade (Gains Network) against Kraken Futures+0.049%128s7-day average −0.038% · 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—prices read too far apart to compare
costs, in and out, $10k−$2892.892% of the position
Funding, last 4 days (all we have)−0.030%−$3 on $10k
+Price spread, last 4 days (all we have)−0.096%−$10 · spread now +0.049%, 7d avg −0.038%
=The price spread pays, funding is against you. gTrade (Gains Network) is 0.087% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.049% now, against its 7-day average of −0.038%): +$9 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 4 days (−0.030% in total) that is about 10 days. The two prices were read 128 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 4 days it paid -0.030% in total (about -3.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.96 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 | 65.559 | 0.0773 | pay 0.0097% / 1h | 57m 38s | $1.0M | $893K | 25x |
| Short | gTrade (Gains Network) XAG/USD | 65.591 | L +0.0004% / S −0.0006% | get 0.0001% / 1h | 57m 38s | $119K | — | 250x |
Kraken Futures PF_XAGUSD
gTrade (Gains Network) XAG/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$161.06
- Price spread: +0.049% → −0.038%
- $8.67
- Slippage, 4 orders
- −$269.18
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$441.57
- Costs to cover
- 2.892%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 1 min ago; gTrade (Gains Network): virtual book (oracle venue), 1 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, 1 min ago | 2.90 bp | 9.5 bp −$9 | 35.1 bp −$351 | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) virtual book (oracle venue), 1 min ago | 130.01 bp | 135.0 bp −$135 | 135.0 bp −$1,350 | 416.8 bp −$41.7K | 2012.7 bp −$1.01M |
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective XAG/USDC PERP | −0.0220% | 1h | 64.602 | −1.460% | $11K | $240 | 52x | as long as short |
| Ondo Perps XAG-USD.P | −0.0070% | 1h | 65.430 | −0.197% | $5.7M | $10.2M | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.477 | −0.125% | $12K | $6K | 5x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 65.540 | −0.029% | $137.8M | $191.7M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.600 | +0.062% | $2K | $2.4M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.610 | +0.077% | $1.1M | $1.3M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.590 | +0.047% | $1.5M | $253K | 100x | as long as short |
| gTrade (Gains Network) XAG/USDshort | L +0.0004% / S −0.0006% | 1h | 65.591 | +0.049% | $119K | — | 250x | |
| Lighter RH XAG | +0.0032% | 1h | 65.531 | −0.043% | $4.5M | $9.2M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.501 | −0.089% | $5.1M | $11.9M | 10x | as long as short |
Injective XAG/USDC PERP
Ondo Perps XAG-USD.P
dYdX XAG-USD
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
Lighter RH XAG
Extended XAG-USDShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX XAG-USD | +0.0040% | 1h | 65.610 | +0.077% | $789K | $3.0M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.028 | +0.715% | — | — | 25x | as long as short |
| tradeXYZ xyz:SILVER | +0.0050% | 1h | 65.505 | −0.083% | $174.1M | $92.4M | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.561 | +0.003% | $3.8M | $890K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.530 | −0.045% | $3K | $6K | 20x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0055% | 1h | 65.570 | +0.016% | $77K | $435K | 20x | as long as short |
| QFEX SILVER-USD | +0.0062% | 1h | 65.600 | +0.062% | $435K | $1.5M | 20x | as long as short |
| Nado XAG-PERP | +0.0069% | 1h | 65.570 | +0.016% | $1.3M | $4.1M | 10x | as long as short |
| Variational Omni XAG | +0.0076% | 4h | 65.573 | +0.021% | $5.4M | $9.1M | — | as long as short |
| Paradex XAG-USD-PERP | +0.0077% | 8h | 65.522 | −0.057% | $29K | $166 | 5x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0088% | 1h | 65.570 | +0.016% | $1.6M | $1.6M | 20x | as long as short |
| Kalshi KXSILVERPERP | +0.0090% | 24h | 65.591 | +0.048% | $660K | $36.2M | 8.1x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.491 | −0.104% | $466K | $588K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.500 | −0.090% | $25.3M | $4.6M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.570 | +0.016% | $112K | $19K | 50x | as long as short |
| Phoenix SILVER | +0.0111% | 1h | 65.549 | −0.016% | $56K | $12K | 25x | as long as short |
| MEXC SILVER_USDT | +0.0118% | 4h | 65.530 | −0.045% | $114.8M | $156.5M | 1000x | as long as short |
| Binance XAGUSDT | +0.0119% | 4h | 65.543 | −0.025% | $193.5M | $822.8M | 100x | as long as short |
| Hotstuff SILVER-PERP | +0.0120% | 1h | 65.612 | +0.080% | $35K | $22K | 20x | as long as short |
| Aevo XAG-PERP | +0.0120% | 1h | 65.573 | +0.020% | $47K | — | 10x | as long as short |
| edgeX XAGUSDC | +0.0128% | 4h | 65.632 | +0.111% | $669K | $315K | 30x | as long as short |
| Aster XAGUSDT | +0.0132% | 4h | 65.547 | −0.018% | $2.7M | $1.1M | 100x | as long as short |
| Bullet SILVER-USD | +0.0175% | 1h | 65.604 | +0.068% | $45K | $75K | 10x | as long as short |
| Lighter XAG | +0.0184% | 1h | 65.549 | −0.016% | $5.1M | $11.3M | 25x | as long as short |
| Aftermath Perps XAGUSD | +0.0196% | 1h | 65.549 | −0.015% | $79K | $37K | 10x | as long as short |
| RISEx XAG/USDC | +0.0206% | 1h | 65.617 | +0.088% | $1.2M | $4.9M | 20x | as long as short |
| OKX XAG-USDT-SWAP | +0.0210% | 8h | 65.530 | −0.045% | $28.2M | $81.0M | 50x | as long as short |
| Bitget XAGUSDT | +0.0230% | 4h | 65.540 | −0.029% | $23.0M | $49.4M | 100x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0238% / S −0.0196% | 1h | 65.585 | +0.039% | $93K | — | 111x | as long as short |
| Bybit XAGUSDT | +0.0252% | 4h | 65.550 | −0.014% | $30.7M | $45.1M | 150x | as long as short |
| GRVT XAG_USDT_Perp | +0.0302% | 4h | 65.567 | +0.011% | $384K | $1.6M | 25x | as long as short |
| BloFin XAG-USDT | +0.0362% | 4h | 65.620 | +0.093% | $2.7M | $711K | 100x | as long as short |
| Hibachi XAG/USDT-P | +0.0368% | 1h | 65.589 | +0.045% | $21K | $12K | 10x | as long as short |
| Kraken Futures PF_XAGUSDlong | +0.0773% | 1h | 65.559 | long leg | $1.0M | $893K | 25x |
StandX XAG-USD
Vest SI-PERP
tradeXYZ xyz:SILVER
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Deribit SILVER_USDC-PERPETUAL
QFEX SILVER-USD
Nado XAG-PERP
Variational Omni XAG
Paradex XAG-USD-PERP
Coinbase International SILVER-PERP-INTX
Kalshi KXSILVERPERP
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Phoenix SILVER
MEXC SILVER_USDT
Binance XAGUSDT
Hotstuff SILVER-PERP
Aevo XAG-PERP
edgeX XAGUSDC
Aster XAGUSDT
Bullet SILVER-USD
Lighter XAG
Aftermath Perps XAGUSD
RISEx XAG/USDC
OKX XAG-USDT-SWAP
Bitget XAGUSDT
GMX SILVER/USD [ETH-USDC]
Bybit XAGUSDT
GRVT XAG_USDT_Perp
BloFin XAG-USDT
Hibachi XAG/USDT-P