Funding you earn now, next payment 05:00 UTC−0.0444%/8h= −48.6% APRpaid last 24h −0.052%
Price spread now: MEXC against Kraken Futures+0.039%7-day average +0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$210.207% of the position
Funding, last 7 days−0.144%−$14 on $10k
+Price spread, last 4 days (all we have)+0.011%+$1 · spread now +0.039%, 7d avg +0.051%
=The price spread sits at its 7-day average of +0.051%, so right now this pair is about funding alone: −$13 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 -0.144% in total (about -7.5% a year). A funding rate is set anew for every payment. 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 | 66.024 | 0.0624 | pay 0.0078% / 1h | 18m 01s | $911K | $683K | 25x |
| Short | MEXC SILVER_USDT | 66.050 | 0.0180 | get 0.0090% / 4h | 3h 18m | $114.9M | $152.7M | 1000x |
Kraken Futures PF_XAGUSD
MEXC SILVER_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$93.17
- Price spread: +0.039% → +0.051%
- −$1.17
- Slippage, 4 orders
- −$10.74
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$115.07
- Costs to cover
- 0.207%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 35 min ago; MEXC: live order book, 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, 35 min ago | 2.87 bp | 10.5 bp −$10 | 15.6 bp −$156 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 0.76 bp | 0.8 bp −$1 | 0.8 bp −$8 | 1.4 bp −$140 | 2.1 bp −$1,048 |
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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps XAG-USD.P | −0.0063% | 1h | 65.950 | −0.113% | $5.7M | $9.3M | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.989 | −0.054% | $14K | $66 | 5x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.090 | +0.099% | $2K | $2.6M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.090 | +0.099% | $1.0M | $949K | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.060 | +0.054% | $1.5M | $320K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.989 | −0.053% | $120K | — | 250x | as long as short |
| Gate XAG_USDT | +0.0004% | 4h | 66.060 | +0.054% | $149.8M | $164.0M | 100x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.036 | +0.017% | $4.8M | $9.5M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.982 | −0.064% | $5.2M | $11.5M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.569% | $11K | $94K | 52x | as long as short |
Ondo Perps XAG-USD.P
dYdX XAG-USD
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Gate XAG_USDT
Lighter RH XAG
Extended XAG-USD
Injective XAG/USDC PERPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX XAG-USD | +0.0040% | 1h | 66.090 | +0.099% | $795K | $3.0M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.481 | +0.692% | — | — | 25x | as long as short |
| tradeXYZ xyz:SILVER | +0.0050% | 1h | 66.011 | −0.020% | $166.3M | $74.0M | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.013 | −0.017% | $3.9M | $674K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.984 | −0.061% | $3K | $6K | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0056% | 8h | 66.048 | +0.036% | $30K | $1K | 5x | as long as short |
| QFEX SILVER-USD | +0.0060% | 1h | 66.050 | +0.039% | $114K | $2.7M | 20x | as long as short |
| Hotstuff SILVER-PERP | +0.0072% | 1h | 66.049 | +0.037% | $35K | $21K | 20x | as long as short |
| Phoenix SILVER | +0.0073% | 1h | 65.995 | −0.044% | $56K | $26K | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0073% | 24h | 66.024 | −0.001% | $569K | $26.2M | 8.1x | as long as short |
| RISEx XAG/USDC | +0.0080% | 1h | 66.069 | +0.067% | $1.3M | $4.9M | 20x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.013 | −0.017% | $470K | $605K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.010 | −0.022% | $24.4M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.030 | +0.009% | $113K | $30K | 50x | as long as short |
| Lighter XAG | +0.0104% | 1h | 66.037 | +0.019% | $5.2M | $10.8M | 25x | as long as short |
| Bybit XAGUSDT | +0.0118% | 4h | 66.080 | +0.084% | $27.8M | $36.6M | 150x | as long as short |
| Aster XAGUSDT | +0.0123% | 4h | 66.052 | +0.042% | $2.7M | $866K | 100x | as long as short |
| Aevo XAG-PERP | +0.0168% | 1h | 66.036 | +0.017% | $47K | — | 10x | as long as short |
| Nado XAG-PERP | +0.0170% | 1h | 66.023 | −0.002% | $1.4M | $5.8M | 10x | as long as short |
| BloFin XAG-USDT | +0.0170% | 4h | 66.060 | +0.054% | $2.6M | $563K | 100x | as long as short |
| Variational Omni XAG | +0.0171% | 4h | 66.073 | +0.074% | $5.7M | $9.5M | — | as long as short |
| GRVT XAG_USDT_Perp | +0.0178% | 4h | 66.085 | +0.091% | $395K | $1.5M | 25x | as long as short |
| Binance XAGUSDT | +0.0178% | 4h | 66.060 | +0.054% | $190.8M | $702.8M | 100x | as long as short |
| MEXC SILVER_USDTshort | +0.0180% | 4h | 66.050 | +0.039% | $114.9M | $152.7M | 1000x | |
| Aftermath Perps XAGUSD | +0.0186% | 1h | 66.033 | +0.014% | $79K | $36K | 10x | as long as short |
| edgeX XAGUSDC | +0.0187% | 4h | 66.071 | +0.070% | $670K | $311K | 30x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0205% | 1h | 66.030 | +0.009% | $75K | $363K | 20x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0208% | 1h | 66.030 | +0.009% | $1.8M | $1.0M | 20x | as long as short |
| OKX XAG-USDT-SWAP | +0.0224% | 8h | 66.050 | +0.039% | $27.7M | $64.6M | 50x | as long as short |
| Bullet SILVER-USD | +0.0226% | 1h | 66.055 | +0.047% | $45K | $75K | 10x | as long as short |
| Bitget XAGUSDT | +0.0226% | 4h | 66.050 | +0.039% | $23.9M | $45.2M | 100x | as long as short |
| Hibachi XAG/USDT-P | +0.0296% | 1h | 66.042 | +0.027% | $20K | $19K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0388% / S −0.0440% | 1h | 66.055 | +0.046% | $105K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSDlong | +0.0624% | 1h | 66.024 | long leg | $911K | $683K | 25x |
StandX XAG-USD
Vest SI-PERP
tradeXYZ xyz:SILVER
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Paradex XAG-USD-PERP
QFEX SILVER-USD
Hotstuff SILVER-PERP
Phoenix SILVER
Kalshi KXSILVERPERP
RISEx XAG/USDC
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Lighter XAG
Bybit XAGUSDT
Aster XAGUSDT
Aevo XAG-PERP
Nado XAG-PERP
BloFin XAG-USDT
Variational Omni XAG
GRVT XAG_USDT_Perp
Binance XAGUSDT
Aftermath Perps XAGUSD
edgeX XAGUSDC
Deribit SILVER_USDC-PERPETUAL
Coinbase International SILVER-PERP-INTX
OKX XAG-USDT-SWAP
Bullet SILVER-USD
Bitget XAGUSDT
Hibachi XAG/USDT-P
GMX SILVER/USD [ETH-USDC]