XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0493%/8h= −54.0% APRnext payment −$0.62 per $10,000 · paid last 24h −0.100%

Price spread now: Ondo Perps against Kraken Futures−0.137%7-day average −0.113% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.227%−$23 on $10k

Price spread, last 4 days (all we have)+0.042%+$4 · spread now −0.137%, 7d avg −0.113%

Together, before fees−0.185%+ Points / potential airdropOndo Perps: Active · farm board−$19 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Ondo Perps is 0.024% cheaper against Kraken Futures than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.113%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.227% in total (about -11.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.62 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	66.120	0.0466	pay 0.0058% / 1h	47m 58s	$909K	$688K	25x
Short	Ondo Perps XAG-USD.P	66.030	−0.0027	pay 0.0003% / 1h	47m 58s	$5.7M	$9.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee Ondo PerpsbpOrdersPrice spread, now −0.137%Rate

Funding earned: −$103.54
Price spread: −0.137% → −0.113%: −$2.36
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$120.9
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 65 min ago; Ondo Perps: 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, 65 min ago	2.87 bp	10.5 bp −$10	15.6 bp −$156	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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
Ondo Perps XAG-USD.Pshort	−0.0027%	1h	66.030	−0.137%	$5.7M	$9.3M	25x
dYdX XAG-USD	0.0000%	1h	66.104	−0.025%	$14K	$66	5x	as long as short
SunX XAG-USDT	0.0000%	4h	66.150	+0.045%	$3K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.170	+0.075%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.150	+0.045%	$1.5M	$257K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.090	−0.046%	$121K	—	250x	as long as short
RISEx XAG/USDC	+0.0030%	1h	66.144	+0.035%	$1.3M	$4.8M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	66.145	+0.038%	$4.8M	$9.3M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.088	−0.049%	$5.2M	$11.4M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.423%	$11K	$94K	52x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix SILVER	+0.0036%	1h	66.018	−0.155%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	66.150	+0.045%	$796K	$3.0M	40x	as long as short
Gate XAG_USDT	+0.0044%	4h	66.160	+0.060%	$149.9M	$154.0M	100x	as long as short
Vest SI-PERP	+0.0046%	1h	66.571	+0.681%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.111	−0.014%	$3.9M	$676K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.092	−0.043%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.130	+0.015%	$114K	$2.7M	20x	as long as short
Paradex XAG-USD-PERP	+0.0054%	8h	66.112	−0.012%	$30K	$1K	5x	as long as short
tradeXYZ xyz:SILVER	+0.0073%	1h	66.118	−0.004%	$166.7M	$73.8M	25x	as long as short
Kalshi KXSILVERPERP	+0.0075%	24h	66.109	−0.017%	$519K	$26.7M	8.1x	as long as short
Bybit XAGUSDT	+0.0082%	4h	66.150	+0.045%	$27.8M	$36.2M	150x	as long as short
Pacifica XAG	+0.0100%	1h	66.080	−0.061%	$471K	$607K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.110	−0.016%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.100	−0.031%	$113K	$30K	50x	as long as short
Aster XAGUSDT	+0.0109%	4h	66.136	+0.023%	$2.7M	$873K	100x	as long as short
Lighter XAG	+0.0136%	1h	66.149	+0.043%	$5.2M	$10.6M	25x	as long as short
BloFin XAG-USDT	+0.0146%	4h	66.130	+0.015%	$2.6M	$571K	100x	as long as short
Variational Omni XAG	+0.0151%	4h	66.143	+0.035%	$5.7M	$9.5M	—	as long as short
Aevo XAG-PERP	+0.0152%	1h	66.148	+0.041%	$47K	—	10x	as long as short
Binance XAGUSDT	+0.0162%	4h	66.142	+0.032%	$191.3M	$703.0M	100x	as long as short
MEXC SILVER_USDT	+0.0162%	4h	66.140	+0.030%	$116.4M	$151.8M	1000x	as long as short
Nado XAG-PERP	+0.0164%	1h	66.103	−0.026%	$1.4M	$5.6M	10x	as long as short
edgeX XAGUSDC	+0.0172%	4h	66.086	−0.052%	$671K	$311K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.980	−0.212%	$1.8M	$1.0M	20x	as long as short
Aftermath Perps XAGUSD	+0.0196%	1h	66.090	−0.046%	$79K	$36K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0204%	1h	66.130	+0.015%	$74K	$364K	20x	as long as short
GRVT XAG_USDT_Perp	+0.0206%	4h	66.160	+0.060%	$395K	$1.5M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0221%	8h	66.140	+0.030%	$27.8M	$64.6M	50x	as long as short
Bitget XAGUSDT	+0.0222%	4h	66.140	+0.030%	$24.0M	$44.9M	100x	as long as short
Bullet SILVER-USD	+0.0230%	1h	66.151	+0.046%	$44K	$76K	10x	as long as short
Hotstuff SILVER-PERP	+0.0320%	1h	66.129	+0.013%	$35K	$21K	20x	as long as short
Hibachi XAG/USDT-P	+0.0328%	1h	66.100	−0.031%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0388% / S −0.0443%	1h	66.155	+0.052%	$106K	—	111x	as long as short
Kraken Futures PF_XAGUSDlong	+0.0466%	1h	66.120	long leg	$909K	$688K	25x