XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0457%/8h= +50.0% APRnext payment +$0.57 per $10,000 · paid last 24h +0.075%

Price spread now: Kraken Futures against Lighter RH−0.017%7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$8as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$220.216% of the position

Long on Lighter RH Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.134%+$13 on $10k

Price spread, last 3 days (all we have)−0.008%−$1 · spread now −0.017%, 7d avg −0.041%

Together, before fees+0.126%+ Points / potential airdropLighter RH: Points live · farm board+$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Kraken Futures is 0.024% dearer against Lighter RH than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.041%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.134% in total (about 7.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.57 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 RH XAG	66.506	0.0032	pay 0.0004% / 1h	25m 14s	$4.8M	$9.5M	25x
Short	Kraken Futures PF_XAGUSD	66.494	0.0489	get 0.0061% / 1h	25m 14s	$764K	$565K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Lighter RH. 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 Lighter RHbpFee Kraken FuturesbpOrdersPrice spread, now −0.017%Rate

Funding earned: $95.9
Price spread: −0.017% → −0.041%: $2.42
Slippage, 4 orders: −$11.61
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $76.72
Costs to cover: 0.216%
Break-even: 1.4 days

Slippage from Lighter RH: live order book, 3 min ago; Kraken Futures: live order book, 48 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 RH live order book, 3 min ago	0.29 bp	2.6 bp −$3	4.0 bp −$40	22.0 bp −$2,204	doesn't fit
Sell Kraken Futures live order book, 48 min ago	2.62 bp	8.5 bp −$9	10.4 bp −$104	50.3 bp −$5,030	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
dYdX XAG-USD	0.0000%	1h	66.490	−0.024%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.540	+0.052%	$25.7M	$35.6M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.540	+0.052%	$155.0M	$168.1M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.520	+0.022%	$2K	$3.0M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.560	+0.082%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.550	+0.067%	$1.5M	$252K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.466	−0.059%	$120K	—	250x	as long as short
Lighter RH XAGlong	+0.0032%	1h	66.506	long leg	$4.8M	$9.5M	25x
Extended XAG-USD	+0.0032%	1h	66.463	−0.063%	$5.4M	$12.4M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.159%	$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
StandX XAG-USD	+0.0040%	1h	66.550	+0.067%	$801K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.957	+0.679%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.473	−0.049%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.490	−0.023%	$3.9M	$700K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.466	−0.060%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.410	−0.144%	$5.7M	$9.6M	25x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.500	−0.008%	$115K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0052%	1h	66.496	−0.014%	$165.4M	$85.6M	25x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.462	−0.066%	$562K	$21.5M	8.1x	as long as short
BloFin XAG-USDT	+0.0081%	4h	66.550	+0.067%	$2.6M	$706K	100x	as long as short
Aster XAGUSDT	+0.0086%	4h	66.517	+0.018%	$2.8M	$1.1M	100x	as long as short
Hotstuff SILVER-PERP	+0.0088%	1h	66.486	−0.029%	$35K	$21K	20x	as long as short
Variational Omni XAG	+0.0089%	4h	66.514	+0.013%	$5.6M	$9.9M	—	as long as short
Paradex XAG-USD-PERP	+0.0098%	8h	66.500	−0.008%	$30K	$1K	5x	as long as short
Pacifica XAG	+0.0100%	1h	66.455	−0.075%	$474K	$623K	10x	as long as short
MEXC SILVER_USDT	+0.0100%	4h	66.510	+0.007%	$108.7M	$160.3M	1000x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.470	−0.054%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.480	−0.038%	$126K	$24K	50x	as long as short
Binance XAGUSDT	+0.0102%	4h	66.528	+0.033%	$192.4M	$721.9M	100x	as long as short
Aevo XAG-PERP	+0.0104%	1h	66.512	+0.010%	$48K	—	10x	as long as short
edgeX XAGUSDC	+0.0111%	4h	66.544	+0.057%	$675K	$313K	30x	as long as short
Lighter XAG	+0.0120%	1h	66.522	+0.024%	$5.4M	$10.5M	25x	as long as short
GRVT XAG_USDT_Perp	+0.0130%	4h	66.535	+0.044%	$391K	$1.5M	25x	as long as short
RISEx XAG/USDC	+0.0148%	1h	66.515	+0.014%	$1.3M	$4.3M	20x	as long as short
Nado XAG-PERP	+0.0168%	1h	66.461	−0.067%	$1.3M	$6.5M	10x	as long as short
Bitget XAGUSDT	+0.0174%	4h	66.520	+0.022%	$24.5M	$48.0M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.580	+0.112%	$1.9M	$929K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0191%	8h	66.530	+0.037%	$27.9M	$67.3M	50x	as long as short
Aftermath Perps XAGUSD	+0.0197%	1h	66.501	−0.007%	$80K	$39K	10x	as long as short
Bullet SILVER-USD	+0.0226%	1h	66.535	+0.044%	$45K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0232%	1h	66.480	−0.038%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.535	+0.044%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0352%	1h	66.520	+0.022%	$50K	$336K	20x	as long as short
Kraken Futures PF_XAGUSDshort	+0.0489%	1h	66.494	−0.017%	$764K	$565K	25x