Funding you earn now, next payment 01:00 UTC−0.0505%/8h= −55.3% APRnext payment −$0.63 per $10,000 · paid last 24h −0.102%
Price spread now: Hotstuff against Kraken Futures−0.026%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Hotstuff is 0.026% cheaper against Kraken Futures than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_XAGUSD | 66.507 | 0.0489 | pay 0.0061% / 1h | 28m 36s | $765K | $565K | 25x |
| Short | Hotstuff SILVER-PERP | 66.490 | −0.0016 | pay 0.0002% / 1h | 28m 36s | $35K | $21K | 20x |
Kraken Futures PF_XAGUSD
Hotstuff SILVER-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff 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
- −$105.96
- Price spread: −0.026% → 0.000%
- −$2.6
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$123.57
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 45 min ago; Hotstuff: no order-book sample. Net counts fees only.
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, 45 min ago | 2.62 bp | 10.1 bp −$10 | 15.6 bp −$156 | doesn't fit | doesn't fit |
| Sell Hotstuff no order-book sample | — | — | — | — | — |
Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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-PERPshort | −0.0016% | 1h | 66.490 | −0.026% | $35K | $21K | 20x | |
| dYdX XAG-USD | 0.0000% | 1h | 66.490 | −0.026% | $15K | — | 5x | as long as short |
| Bybit XAGUSDT | 0.0000% | 4h | 66.530 | +0.034% | $26.0M | $35.4M | 150x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.540 | +0.049% | $155.0M | $167.8M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.550 | +0.064% | $2K | $3.0M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.600 | +0.139% | $1.1M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.610 | +0.154% | $1.5M | $252K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.472 | −0.052% | $120K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.515 | +0.011% | $4.8M | $9.5M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.461 | −0.070% | $5.4M | $12.4M | 10x | as long as short |
dYdX XAG-USD
Bybit XAGUSDT
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Lighter RH XAG
Extended XAG-USDShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | −0.161% | $11K | $94K | 52x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 66.540 | +0.049% | $801K | $2.7M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.964 | +0.687% | — | — | 25x | as long as short |
| Phoenix SILVER | +0.0048% | 1h | 66.492 | −0.023% | $56K | $26K | 25x | as long as short |
| tradeXYZ xyz:SILVER | +0.0050% | 1h | 66.474 | −0.050% | $165.3M | $85.5M | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.499 | −0.013% | $3.9M | $700K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.472 | −0.053% | $4K | $5K | 20x | as long as short |
| Ondo Perps XAG-USD.P | +0.0050% | 1h | 66.430 | −0.116% | $5.7M | $9.7M | 25x | as long as short |
| QFEX SILVER-USD | +0.0051% | 1h | 66.520 | +0.019% | $115K | $2.8M | 20x | as long as short |
| Kalshi KXSILVERPERP | +0.0059% | 24h | 66.498 | −0.014% | $567K | $21.5M | 8.1x | as long as short |
| BloFin XAG-USDT | +0.0083% | 4h | 66.570 | +0.094% | $2.6M | $703K | 100x | as long as short |
| Aster XAGUSDT | +0.0084% | 4h | 66.520 | +0.019% | $2.8M | $1.1M | 100x | as long as short |
| Variational Omni XAG | +0.0087% | 4h | 66.545 | +0.056% | $5.6M | $9.9M | — | as long as short |
| Paradex XAG-USD-PERP | +0.0096% | 8h | 66.523 | +0.023% | $30K | $1K | 5x | as long as short |
| MEXC SILVER_USDT | +0.0098% | 4h | 66.510 | +0.004% | $108.7M | $160.2M | 1000x | as long as short |
| Binance XAGUSDT | +0.0099% | 4h | 66.527 | +0.030% | $192.4M | $722.5M | 100x | as long as short |
| edgeX XAGUSDC | +0.0099% | 4h | 66.546 | +0.058% | $675K | $316K | 30x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.473 | −0.052% | $474K | $623K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.490 | −0.026% | $24.6M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.540 | +0.049% | $127K | $24K | 50x | as long as short |
| GRVT XAG_USDT_Perp | +0.0104% | 4h | 66.559 | +0.077% | $394K | $1.5M | 25x | as long as short |
| Aevo XAG-PERP | +0.0104% | 1h | 66.531 | +0.035% | $48K | — | 10x | as long as short |
| Lighter XAG | +0.0112% | 1h | 66.519 | +0.017% | $5.4M | $10.5M | 25x | as long as short |
| RISEx XAG/USDC | +0.0148% | 1h | 66.526 | +0.028% | $1.3M | $4.3M | 20x | as long as short |
| Nado XAG-PERP | +0.0166% | 1h | 66.482 | −0.038% | $1.3M | $6.5M | 10x | as long as short |
| Bitget XAGUSDT | +0.0170% | 4h | 66.540 | +0.049% | $24.5M | $48.1M | 100x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0184% | 1h | 66.580 | +0.109% | $1.9M | $929K | 20x | as long as short |
| OKX XAG-USDT-SWAP | +0.0189% | 8h | 66.530 | +0.034% | $27.9M | $67.2M | 50x | as long as short |
| Aftermath Perps XAGUSD | +0.0193% | 1h | 66.532 | +0.037% | $80K | $39K | 10x | as long as short |
| Bullet SILVER-USD | +0.0220% | 1h | 66.543 | +0.054% | $45K | $76K | 10x | as long as short |
| Hibachi XAG/USDT-P | +0.0240% | 1h | 66.496 | −0.017% | $20K | $22K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0291% / S −0.0281% | 1h | 66.545 | +0.057% | $103K | — | 111x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0352% | 1h | 66.520 | +0.019% | $50K | $336K | 20x | as long as short |
| Kraken Futures PF_XAGUSDlong | +0.0489% | 1h | 66.507 | long leg | $765K | $565K | 25x |
Injective XAG/USDC PERP
StandX XAG-USD
Vest SI-PERP
Phoenix SILVER
tradeXYZ xyz:SILVER
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Ondo Perps XAG-USD.P
QFEX SILVER-USD
Kalshi KXSILVERPERP
BloFin XAG-USDT
Aster XAGUSDT
Variational Omni XAG
Paradex XAG-USD-PERP
MEXC SILVER_USDT
Binance XAGUSDT
edgeX XAGUSDC
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
GRVT XAG_USDT_Perp
Aevo XAG-PERP
Lighter XAG
RISEx XAG/USDC
Nado XAG-PERP
Bitget XAGUSDT
Coinbase International SILVER-PERP-INTX
OKX XAG-USDT-SWAP
Aftermath Perps XAGUSD
Bullet SILVER-USD
Hibachi XAG/USDT-P
GMX SILVER/USD [ETH-USDC]
Deribit SILVER_USDC-PERPETUAL