Funding you earn now, next payment 06:00 UTC−0.0342%/8h= −37.4% APRnext payment −$0.43 per $10,000 · paid last 24h −0.052%
Price spread now: Lighter against Kraken Futures+0.047%7-day average +0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$200.199% of the position
Funding, last 7 days−0.013%−$1 on $10k
+Price spread, last 4 days (all we have)+0.002%$0 · spread now +0.047%, 7d avg +0.054%
=Together, before fees−0.011%+ Points / potential airdropLighter: Season 3 · farm board−$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.054%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.013% in total (about -0.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.43 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 | 65.595 | 0.0470 | pay 0.0059% / 1h | 4m 38s | $915K | $735K | 25x |
| Short | Lighter XAG | 65.626 | 0.0128 | get 0.0016% / 1h | 4m 38s | $5.4M | $11.4M | 25x |
Kraken Futures PF_XAGUSD
Lighter XAGFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$71.73
- Price spread: +0.047% → +0.054%
- −$0.64
- Slippage, 4 orders
- −$9.87
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$92.25
- Costs to cover
- 0.199%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 44 min ago; Lighter: live order book, 4 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, 44 min ago | 3.47 bp | 9.2 bp −$9 | 15.0 bp −$150 | 102.5 bp −$10.2K | doesn't fit |
| Sell Lighter live order book, 4 min ago | 0.17 bp | 0.2 bp $0 | 0.6 bp −$6 | 6.9 bp −$686 | 20.5 bp −$10.2K |
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 | −0.0040% | 1h | 65.660 | +0.099% | $20K | $19K | 10x | as long as short |
| Ondo Perps XAG-USD.P | −0.0006% | 1h | 65.520 | −0.114% | $5.7M | $9.7M | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.582 | −0.020% | $12K | $5K | 5x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.650 | +0.084% | $2K | $2.6M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.690 | +0.145% | $1.1M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.630 | +0.053% | $1.5M | $280K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.587 | −0.012% | $119K | — | 250x | as long as short |
| RISEx XAG/USDC | +0.0030% | 1h | 65.654 | +0.089% | $1.2M | $4.9M | 20x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.624 | +0.044% | $4.7M | $9.6M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.580 | −0.023% | $5.1M | $11.7M | 10x | as long as short |
Hibachi XAG/USDT-P
Ondo Perps XAG-USD.P
dYdX XAG-USD
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
RISEx XAG/USDC
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 | +1.227% | $11K | $94K | 52x | as long as short |
| Phoenix SILVER | +0.0036% | 1h | 65.609 | +0.021% | $56K | $26K | 25x | as long as short |
| Gate XAG_USDT | +0.0040% | 4h | 65.650 | +0.084% | $144.3M | $181.3M | 100x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 65.630 | +0.053% | $789K | $3.0M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.079 | +0.738% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.602 | +0.011% | $3.9M | $711K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.571 | −0.037% | $3K | $6K | 20x | as long as short |
| QFEX SILVER-USD | +0.0051% | 1h | 65.640 | +0.069% | $152K | $2.8M | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0062% | 8h | 65.620 | +0.038% | $29K | $1K | 5x | as long as short |
| Aster XAGUSDT | +0.0074% | 4h | 65.640 | +0.069% | $2.7M | $944K | 100x | as long as short |
| tradeXYZ xyz:SILVER | +0.0076% | 1h | 65.600 | +0.008% | $170.9M | $82.3M | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0076% | 24h | 65.626 | +0.047% | $461K | $29.3M | 8.1x | as long as short |
| Hotstuff SILVER-PERP | +0.0096% | 1h | 65.606 | +0.017% | $35K | $21K | 20x | as long as short |
| Bybit XAGUSDT | +0.0098% | 4h | 65.670 | +0.114% | $28.9M | $39.2M | 150x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.580 | −0.023% | $468K | $629K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.610 | +0.023% | $24.7M | $4.8M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.680 | +0.130% | $112K | $23K | 50x | as long as short |
| Variational Omni XAG | +0.0120% | 4h | 65.674 | +0.120% | $5.5M | $9.5M | — | as long as short |
| Binance XAGUSDT | +0.0124% | 4h | 65.642 | +0.072% | $188.8M | $745.4M | 100x | as long as short |
| Lighter XAGshort | +0.0128% | 1h | 65.626 | +0.047% | $5.4M | $11.4M | 25x | |
| MEXC SILVER_USDT | +0.0128% | 4h | 65.630 | +0.053% | $112.6M | $162.3M | 1000x | as long as short |
| Aevo XAG-PERP | +0.0128% | 1h | 65.618 | +0.036% | $47K | — | 10x | as long as short |
| edgeX XAGUSDC | +0.0148% | 4h | 65.729 | +0.204% | $669K | $313K | 30x | as long as short |
| Nado XAG-PERP | +0.0148% | 1h | 65.589 | −0.009% | $1.3M | $5.6M | 10x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0176% | 1h | 65.690 | +0.145% | $1.6M | $1.3M | 20x | as long as short |
| GRVT XAG_USDT_Perp | +0.0194% | 4h | 65.738 | +0.217% | $389K | $1.5M | 25x | as long as short |
| Aftermath Perps XAGUSD | +0.0207% | 1h | 65.617 | +0.033% | $79K | $37K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0207% | 1h | 65.610 | +0.023% | $66K | $368K | 20x | as long as short |
| Bitget XAGUSDT | +0.0208% | 4h | 65.640 | +0.069% | $23.8M | $46.3M | 100x | as long as short |
| OKX XAG-USDT-SWAP | +0.0211% | 8h | 65.650 | +0.084% | $27.9M | $70.1M | 50x | as long as short |
| Bullet SILVER-USD | +0.0236% | 1h | 65.651 | +0.085% | $44K | $76K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0320% / S −0.0301% | 1h | 65.635 | +0.061% | $93K | — | 111x | as long as short |
| BloFin XAG-USDT | +0.0369% | 4h | 65.660 | +0.099% | $2.6M | $622K | 100x | as long as short |
| Kraken Futures PF_XAGUSDlong | +0.0470% | 1h | 65.595 | long leg | $915K | $735K | 25x |
Injective XAG/USDC PERP
Phoenix SILVER
Gate XAG_USDT
StandX XAG-USD
Vest SI-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
QFEX SILVER-USD
Paradex XAG-USD-PERP
Aster XAGUSDT
tradeXYZ xyz:SILVER
Kalshi KXSILVERPERP
Hotstuff SILVER-PERP
Bybit XAGUSDT
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Variational Omni XAG
Binance XAGUSDT
MEXC SILVER_USDT
Aevo XAG-PERP
edgeX XAGUSDC
Nado XAG-PERP
Coinbase International SILVER-PERP-INTX
GRVT XAG_USDT_Perp
Aftermath Perps XAGUSD
Deribit SILVER_USDC-PERPETUAL
Bitget XAGUSDT
OKX XAG-USDT-SWAP
Bullet SILVER-USD
GMX SILVER/USD [ETH-USDC]
BloFin XAG-USDT