Funding you earn now, next payment 12:00 UTC−0.0540%/8h= −59.1% APRnext payment −$0.67 per $10,000 · paid last 24h −0.086%
Price spread now: RISEx against Kraken Futures+0.034%7-day average +0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$280.284% of the position
Funding, last 4 days (all we have)+0.021%+$2 on $10k
+Price spread, last 4 days (all we have)+0.066%+$7 · spread now +0.034%, 7d avg +0.078%
=Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and RISEx is 0.043% cheaper against Kraken Futures than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.078%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.021% in total (about 1.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.67 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_XAGUSD | 65.561 | 0.0540 | pay 0.0067% / 1h | 43m 04s | $1.0M | $947K | 25x |
| Short | RISEx XAG/USDC | 65.584 | 0 | get 0.0000% / 1h | 43m 04s | $1.3M | $5.5M | 20x |
Kraken Futures PF_XAGUSD
RISEx XAG/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- −$113.36
- Price spread: +0.034% → +0.078%
- −$4.34
- Slippage, 4 orders
- −$12.44
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$146.14
- Costs to cover
- 0.284%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 3 min ago; RISEx: 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, 3 min ago | 3.17 bp | 10.6 bp −$11 | 19.5 bp −$195 | 130.5 bp −$13.0K | doesn't fit |
| Sell RISEx live order book, 4 min ago | 1.50 bp | 4.5 bp −$4 | 6.0 bp −$60 | doesn't fit | doesn't fit |
XAG on 44 exchanges
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 | 65.558 | −0.005% | $13K | $8K | 5x | as long as short |
| RISEx XAG/USDCshort | 0.0000% | 1h | 65.584 | +0.034% | $1.3M | $5.5M | 20x | |
| Hotstuff SILVER-PERP | 0.0000% | 1h | 65.599 | +0.058% | $39K | $26K | 20x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 65.610 | +0.074% | $136.1M | $201.5M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.590 | +0.044% | $2K | $2.3M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.630 | +0.105% | $1.1M | $1.3M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.620 | +0.090% | $1.5M | $257K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.528 | −0.052% | $118K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.578 | +0.025% | $4.6M | $9.6M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.529 | −0.049% | $5.1M | $12.2M | 10x | as long as short |
dYdX XAG-USD
Hotstuff SILVER-PERP
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Lighter RH XAG
Extended XAG-USDShow all 44 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective XAG/USDC PERP | +0.0033% | 1h | 64.602 | −1.463% | $11K | $240 | 52x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 65.520 | −0.063% | $788K | $3.0M | 40x | as long as short |
| QFEX SILVER-USD | +0.0042% | 1h | 65.560 | −0.002% | $446K | $1.4M | 20x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.017 | +0.695% | — | — | 25x | as long as short |
| Variational Omni XAG | +0.0047% | 4h | 65.488 | −0.111% | $5.5M | $9.0M | — | as long as short |
| Bybit XAGUSDT | +0.0047% | 4h | 65.630 | +0.105% | $30.3M | $48.7M | 150x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.550 | −0.017% | $3.8M | $1.5M | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.533 | −0.043% | $3K | $6K | 20x | as long as short |
| Ondo Perps XAG-USD.P | +0.0050% | 1h | 65.500 | −0.093% | $5.7M | $11.0M | 25x | as long as short |
| Paradex XAG-USD-PERP | +0.0052% | 8h | 65.564 | +0.005% | $29K | — | 5x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0055% | 1h | 65.560 | −0.002% | $77K | $397K | 20x | as long as short |
| Aster XAGUSDT | +0.0067% | 4h | 65.601 | +0.060% | $2.7M | $1.2M | 100x | as long as short |
| Binance XAGUSDT | +0.0070% | 4h | 65.600 | +0.059% | $189.5M | $866.0M | 100x | as long as short |
| MEXC SILVER_USDT | +0.0070% | 4h | 65.580 | +0.029% | $119.0M | $164.1M | 1000x | as long as short |
| Lighter XAG | +0.0072% | 1h | 65.580 | +0.028% | $5.3M | $11.9M | 25x | as long as short |
| Aevo XAG-PERP | +0.0072% | 1h | 65.599 | +0.058% | $47K | — | 10x | as long as short |
| GRVT XAG_USDT_Perp | +0.0088% | 4h | 65.590 | +0.044% | $389K | $1.6M | 25x | as long as short |
| edgeX XAGUSDC | +0.0090% | 4h | 65.502 | −0.090% | $668K | $316K | 30x | as long as short |
| tradeXYZ xyz:SILVER | +0.0094% | 1h | 65.560 | −0.002% | $175.5M | $87.7M | 25x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.543 | −0.028% | $462K | $518K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.560 | −0.002% | $25.3M | $4.4M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.520 | −0.063% | $112K | $19K | 50x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0104% | 1h | 65.560 | −0.002% | $1.6M | $2.0M | 20x | as long as short |
| Kalshi KXSILVERPERP | +0.0108% | 24h | 65.567 | +0.009% | $744K | $39.5M | 8.1x | as long as short |
| Nado XAG-PERP | +0.0116% | 1h | 65.552 | −0.014% | $1.2M | $3.4M | 10x | as long as short |
| Phoenix SILVER | +0.0134% | 1h | 65.542 | −0.029% | $55K | $15K | 25x | as long as short |
| OKX XAG-USDT-SWAP | +0.0167% | 8h | 65.610 | +0.074% | $27.6M | $87.6M | 50x | as long as short |
| Bitget XAGUSDT | +0.0204% | 4h | 65.620 | +0.090% | $23.2M | $54.1M | 100x | as long as short |
| Aftermath Perps XAGUSD | +0.0218% | 1h | 65.552 | −0.014% | $79K | $37K | 10x | as long as short |
| Bullet SILVER-USD | +0.0223% | 1h | 65.603 | +0.063% | $45K | $72K | 10x | as long as short |
| Hibachi XAG/USDT-P | +0.0224% | 1h | 65.562 | 0.000% | $21K | $12K | 10x | as long as short |
| BloFin XAG-USDT | +0.0281% | 4h | 65.580 | +0.029% | $2.7M | $784K | 100x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0284% / S −0.0256% | 1h | 65.585 | +0.036% | $93K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSDlong | +0.0540% | 1h | 65.561 | long leg | $1.0M | $947K | 25x |
Injective XAG/USDC PERP
StandX XAG-USD
QFEX SILVER-USD
Vest SI-PERP
Variational Omni XAG
Bybit XAGUSDT
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Ondo Perps XAG-USD.P
Paradex XAG-USD-PERP
Deribit SILVER_USDC-PERPETUAL
Aster XAGUSDT
Binance XAGUSDT
MEXC SILVER_USDT
Lighter XAG
Aevo XAG-PERP
GRVT XAG_USDT_Perp
edgeX XAGUSDC
tradeXYZ xyz:SILVER
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Coinbase International SILVER-PERP-INTX
Kalshi KXSILVERPERP
Nado XAG-PERP
Phoenix SILVER
OKX XAG-USDT-SWAP
Bitget XAGUSDT
Aftermath Perps XAGUSD
Bullet SILVER-USD
Hibachi XAG/USDT-P
BloFin XAG-USDT
GMX SILVER/USD [ETH-USDC]