Funding you earn now, next payment 09:00 UTC−0.0386%/8h= −42.3% APRnext payment −$0.48 per $10,000 · paid last 24h −0.090%
Price spread now: Injective against Kraken Futures+2.241%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.218%−$22 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Injective is 2.241% dearer against Kraken Futures than usual: you sell high and buy low (spread +2.241% now, against zero (this spread has no 7-day history yet)): +$224 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 19 days. At the pace of the last 7 days (−0.218% in total) that is about 2 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.218% in total (about -11.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.48 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 | 64.945 | 0.0419 | pay 0.0052% / 1h | 42m 20s | $1.0M | $868K | 25x |
| Short | Injective XAG/USDC PERP | 66.400 | 0.0033 | get 0.0004% / 1h | 42m 20s | $11K | $94K | 52x |
Kraken Futures PF_XAGUSD
Injective XAG/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$81.06
- Price spread: +2.241% → 0.000%
- $224.07
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $132.99
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Kraken Futures: live order book, 1 min ago; Injective: 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, 1 min ago | 2.79 bp | 10.6 bp −$11 | 18.1 bp −$181 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX XAG-USD | 0.0000% | 1h | 64.936 | −0.013% | $12K | $5K | 5x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 64.970 | +0.039% | $2K | $2.4M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.020 | +0.116% | $1.1M | $1.3M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 64.970 | +0.039% | $1.4M | $293K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 64.887 | −0.089% | $117K | — | 250x | as long as short |
| Variational Omni XAG | +0.0029% | 4h | 65.124 | +0.276% | $5.3M | $9.1M | — | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 64.955 | +0.016% | $4.6M | $9.7M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 64.899 | −0.071% | $5.0M | $12.1M | 10x | as long as short |
| Injective XAG/USDC PERPshort | +0.0033% | 1h | 66.400 | +2.241% | $11K | $94K | 52x | |
| StandX XAG-USD | +0.0040% | 1h | 64.980 | +0.054% | $782K | $3.0M | 40x | as long as short |
dYdX XAG-USD
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Variational Omni XAG
Lighter RH XAG
Extended XAG-USD
StandX XAG-USDShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest SI-PERP | +0.0046% | 1h | 65.377 | +0.666% | — | — | 25x | as long as short |
| QFEX SILVER-USD | +0.0047% | 1h | 64.960 | +0.023% | $295K | $1.5M | 20x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 64.907 | −0.058% | $3.8M | $890K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 64.882 | −0.097% | $3K | $6K | 20x | as long as short |
| Ondo Perps XAG-USD.P | +0.0050% | 1h | 64.850 | −0.146% | $5.6M | $9.9M | 25x | as long as short |
| Binance XAGUSDT | +0.0055% | 4h | 64.962 | +0.027% | $193.2M | $766.6M | 100x | as long as short |
| Paradex XAG-USD-PERP | +0.0059% | 8h | 64.949 | +0.007% | $29K | $166 | 5x | as long as short |
| MEXC SILVER_USDT | +0.0060% | 4h | 64.960 | +0.023% | $115.1M | $157.1M | 1000x | as long as short |
| Aster XAGUSDT | +0.0068% | 4h | 64.980 | +0.054% | $2.6M | $996K | 100x | as long as short |
| Aevo XAG-PERP | +0.0072% | 1h | 64.952 | +0.010% | $47K | — | 10x | as long as short |
| edgeX XAGUSDC | +0.0080% | 4h | 65.090 | +0.223% | $663K | $315K | 30x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0080% | 1h | 65.010 | +0.100% | $1.6M | $1.4M | 20x | as long as short |
| Gate XAG_USDT | +0.0082% | 4h | 64.970 | +0.039% | $138.8M | $180.1M | 100x | as long as short |
| Kalshi KXSILVERPERP | +0.0083% | 24h | 64.962 | +0.027% | $487K | $33.8M | 8.1x | as long as short |
| Hotstuff SILVER-PERP | +0.0096% | 1h | 65.059 | +0.176% | $35K | $21K | 20x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 64.905 | −0.061% | $462K | $592K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 64.940 | −0.007% | $25.2M | $4.4M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 64.990 | +0.070% | $111K | $19K | 50x | as long as short |
| Bybit XAGUSDT | +0.0107% | 4h | 64.980 | +0.054% | $29.4M | $41.6M | 150x | as long as short |
| Phoenix SILVER | +0.0111% | 1h | 64.972 | +0.042% | $55K | $31K | 25x | as long as short |
| tradeXYZ xyz:SILVER | +0.0146% | 1h | 64.930 | −0.023% | $173.7M | $86.2M | 25x | as long as short |
| RISEx XAG/USDC | +0.0158% | 1h | 64.968 | +0.036% | $1.2M | $4.9M | 20x | as long as short |
| Nado XAG-PERP | +0.0166% | 1h | 64.911 | −0.052% | $1.2M | $4.3M | 10x | as long as short |
| Bitget XAGUSDT | +0.0188% | 4h | 64.960 | +0.023% | $23.1M | $45.3M | 100x | as long as short |
| OKX XAG-USDT-SWAP | +0.0190% | 8h | 64.970 | +0.039% | $28.6M | $72.2M | 50x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0212% | 1h | 64.930 | −0.023% | $76K | $418K | 20x | as long as short |
| Aftermath Perps XAGUSD | +0.0215% | 1h | 64.978 | +0.051% | $78K | $37K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0237% / S −0.0196% | 1h | 64.965 | +0.031% | $92K | — | 111x | as long as short |
| BloFin XAG-USDT | +0.0246% | 4h | 64.980 | +0.054% | $2.7M | $636K | 100x | as long as short |
| Lighter XAG | +0.0248% | 1h | 64.950 | +0.008% | $5.3M | $10.9M | 25x | as long as short |
| Hibachi XAG/USDT-P | +0.0304% | 1h | 64.946 | +0.002% | $20K | $15K | 10x | as long as short |
| Bullet SILVER-USD | +0.0314% | 1h | 64.975 | +0.047% | $45K | $75K | 10x | as long as short |
| GRVT XAG_USDT_Perp | +0.0316% | 4h | 65.071 | +0.194% | $391K | $1.6M | 25x | as long as short |
| Kraken Futures PF_XAGUSDlong | +0.0419% | 1h | 64.945 | long leg | $1.0M | $868K | 25x |
Vest SI-PERP
QFEX SILVER-USD
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Ondo Perps XAG-USD.P
Binance XAGUSDT
Paradex XAG-USD-PERP
MEXC SILVER_USDT
Aster XAGUSDT
Aevo XAG-PERP
edgeX XAGUSDC
Coinbase International SILVER-PERP-INTX
Gate XAG_USDT
Kalshi KXSILVERPERP
Hotstuff SILVER-PERP
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Bybit XAGUSDT
Phoenix SILVER
tradeXYZ xyz:SILVER
RISEx XAG/USDC
Nado XAG-PERP
Bitget XAGUSDT
OKX XAG-USDT-SWAP
Deribit SILVER_USDC-PERPETUAL
Aftermath Perps XAGUSD
GMX SILVER/USD [ETH-USDC]
BloFin XAG-USDT
Lighter XAG
Hibachi XAG/USDT-P
Bullet SILVER-USD
GRVT XAG_USDT_Perp