XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0341%/8h= +37.3% APRnext payment +$0.43 per $10,000 · paid last 24h +0.055%

Price spread now: Kraken Futures against Lighter−0.094%7-day average −0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$200.200% of the position

Long on Lighter Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 4 days (all we have)+0.050%+$5 · spread now −0.094%, 7d avg −0.053%

Together, before fees+0.066%+ Points / potential airdropLighter: Season 3 · farm board+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.041% cheaper against Lighter than usual: you would sell low and buy high (spread −0.094% now, against its 7-day average of −0.053%). If the spread goes back, that is −$4 on $10k: about 10 hours of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.017% in total) that is about 17 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.017% in total (about 0.9% 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	Lighter XAG	65.392	0.0152	pay 0.0019% / 1h	17m 45s	$5.3M	$11.5M	25x
Short	Kraken Futures PF_XAGUSD	65.331	0.0493	get 0.0062% / 1h	17m 45s	$915K	$746K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Lighter. 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 LighterbpFee Kraken FuturesbpOrdersPrice spread, now −0.094%Rate

Funding earned: $71.56
Price spread: −0.094% → −0.053%: −$4.1
Slippage, 4 orders: −$10.01
Fee Lighter: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $47.46
Costs to cover: 0.200%
Break-even: 2.4 days

Slippage from Lighter: live order book, 11 min ago; Kraken Futures: live order book, 26 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 Lighter live order book, 11 min ago	0.28 bp	1.3 bp −$1	1.8 bp −$18	6.3 bp −$632	18.6 bp −$9,309
Sell Kraken Futures live order book, 26 min ago	2.80 bp	9.9 bp −$10	18.2 bp −$182	69.8 bp −$6,983	doesn't fit

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	−0.0144%	1h	65.301	−0.140%	$20K	$19K	10x	as long as short
Ondo Perps XAG-USD.P	−0.0079%	1h	65.270	−0.187%	$5.6M	$9.7M	25x	as long as short
Hotstuff SILVER-PERP	−0.0008%	1h	65.330	−0.096%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	65.306	−0.133%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.400	+0.011%	$27.8M	$39.9M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.380	−0.019%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.410	+0.027%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.390	−0.004%	$1.5M	$280K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.296	−0.148%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0024%	4h	65.400	+0.011%	$141.1M	$183.3M	100x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni XAG	+0.0028%	4h	65.404	+0.017%	$5.5M	$9.4M	—	as long as short
Lighter RH XAG	+0.0032%	1h	65.389	−0.005%	$4.6M	$9.8M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.310	−0.126%	$5.1M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.541%	$11K	$94K	52x	as long as short
Aster XAGUSDT	+0.0034%	4h	65.389	−0.005%	$2.7M	$975K	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.350	−0.065%	$786K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.766	+0.571%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0050%	1h	65.340	−0.080%	$152K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.340	−0.080%	$170.3M	$83.6M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.321	−0.109%	$3.8M	$856K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.295	−0.149%	$3K	$6K	20x	as long as short
MEXC SILVER_USDT	+0.0052%	4h	65.380	−0.019%	$116.5M	$157.6M	1000x	as long as short
Binance XAGUSDT	+0.0054%	4h	65.396	+0.005%	$191.1M	$766.2M	100x	as long as short
Paradex XAG-USD-PERP	+0.0055%	8h	65.373	−0.030%	$29K	$1K	5x	as long as short
RISEx XAG/USDC	+0.0061%	1h	65.362	−0.046%	$1.2M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0061%	1h	65.371	−0.033%	$56K	$31K	25x	as long as short
Aevo XAG-PERP	+0.0064%	1h	65.345	−0.073%	$47K	—	10x	as long as short
edgeX XAGUSDC	+0.0073%	4h	65.369	−0.036%	$665K	$313K	30x	as long as short
Kalshi KXSILVERPERP	+0.0078%	24h	65.331	−0.094%	$507K	$31.2M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	65.325	−0.103%	$469K	$628K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.350	−0.065%	$25.3M	$5.0M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.360	−0.050%	$112K	$19K	50x	as long as short
GRVT XAG_USDT_Perp	+0.0116%	4h	65.408	+0.024%	$385K	$1.6M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0120%	1h	65.290	−0.157%	$1.6M	$1.4M	20x	as long as short
Nado XAG-PERP	+0.0133%	1h	65.307	−0.130%	$1.2M	$5.2M	10x	as long as short
Lighter XAGlong	+0.0152%	1h	65.392	long leg	$5.3M	$11.5M	25x
Bitget XAGUSDT	+0.0170%	4h	65.400	+0.011%	$23.8M	$46.5M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0182%	8h	65.390	−0.004%	$28.0M	$71.0M	50x	as long as short
Bullet SILVER-USD	+0.0182%	1h	65.364	−0.043%	$44K	$76K	10x	as long as short
BloFin XAG-USDT	+0.0214%	4h	65.370	−0.034%	$2.6M	$600K	100x	as long as short
Aftermath Perps XAGUSD	+0.0214%	1h	65.324	−0.104%	$79K	$37K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0272% / S −0.0241%	1h	65.365	−0.042%	$93K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0362%	1h	65.350	−0.065%	$65K	$380K	20x	as long as short
Kraken Futures PF_XAGUSDshort	+0.0493%	1h	65.331	−0.094%	$915K	$746K	25x