Funding you earn now, next payment 04:00 UTC+0.0252%/8h= +27.6% APRpaid last 24h +0.041%
Price spread now: Kraken Futures against OKX−0.047%7-day average −0.068% · 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−$29as in the Price arb table
costs, in and out, $10k−$310.311% of the position
Funding, last 7 days+0.130%+$13 on $10k
+Price spread, last 4 days (all we have)+0.013%+$1 · spread now −0.047%, 7d avg −0.068%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Kraken Futures is 0.020% dearer against OKX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.068%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.130% in total (about 6.8% 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 | OKX XAG-USDT-SWAP | 66.100 | 0.0233 | pay 0.0233% / 8h | 4h 13m | $27.7M | $65.0M | 50x |
| Short | Kraken Futures PF_XAGUSD | 66.069 | 0.0485 | get 0.0061% / 1h | 13m 17s | $912K | $683K | 25x |
OKX XAG-USDT-SWAP
Kraken Futures PF_XAGUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against OKX. 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
- $52.98
- Price spread: −0.047% → −0.068%
- $2.03
- Slippage, 4 orders
- −$11.07
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $23.94
- Costs to cover
- 0.311%
- Break-even
- 3.8 days
Slippage from OKX: live order book, 6 min ago; Kraken Futures: live order book, 45 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 OKX live order book, 6 min ago | 0.76 bp | 5.8 bp −$6 | 5.8 bp −$58 | 9.5 bp −$954 | 75.0 bp −$37.5K |
| Sell Kraken Futures live order book, 45 min ago | 2.47 bp | 8.4 bp −$8 | 16.2 bp −$162 | 67.4 bp −$6,738 | 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 | 66.018 | −0.124% | $15K | — | 5x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.120 | +0.030% | $150.2M | $163.7M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.100 | 0.000% | $2K | $2.7M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.130 | +0.045% | $1.0M | $971K | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.120 | +0.030% | $1.5M | $317K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.037 | −0.095% | $120K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.076 | −0.037% | $4.8M | $9.6M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.036 | −0.097% | $5.2M | $11.6M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.454% | $11K | $94K | 52x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 66.110 | +0.015% | $795K | $3.1M | 40x | as long as short |
dYdX XAG-USD
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Lighter RH XAG
Extended XAG-USD
Injective XAG/USDC PERP
StandX XAG-USDShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps XAG-USD.P | +0.0042% | 1h | 65.980 | −0.182% | $5.7M | $9.6M | 25x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.532 | +0.654% | — | — | 25x | as long as short |
| Hotstuff SILVER-PERP | +0.0048% | 1h | 66.086 | −0.021% | $35K | $21K | 20x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.070 | −0.045% | $3.9M | $672K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.016 | −0.127% | $3K | $6K | 20x | as long as short |
| QFEX SILVER-USD | +0.0054% | 1h | 66.090 | −0.015% | $115K | $2.7M | 20x | as long as short |
| Phoenix SILVER | +0.0060% | 1h | 66.025 | −0.113% | $56K | $26K | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0071% | 24h | 66.065 | −0.053% | $546K | $25.4M | 8.1x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.041 | −0.089% | $470K | $615K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.070 | −0.045% | $24.5M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.060 | −0.061% | $113K | $30K | 50x | as long as short |
| tradeXYZ xyz:SILVER | +0.0125% | 1h | 66.073 | −0.041% | $165.9M | $74.3M | 25x | as long as short |
| RISEx XAG/USDC | +0.0137% | 1h | 66.096 | −0.006% | $1.3M | $4.5M | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0140% | 8h | 66.092 | −0.012% | $30K | $1K | 5x | as long as short |
| Aster XAGUSDT | +0.0143% | 4h | 66.090 | −0.015% | $2.7M | $881K | 100x | as long as short |
| Bybit XAGUSDT | +0.0164% | 4h | 66.110 | +0.015% | $27.1M | $36.1M | 150x | as long as short |
| Lighter XAG | +0.0176% | 1h | 66.075 | −0.038% | $5.2M | $10.7M | 25x | as long as short |
| Aevo XAG-PERP | +0.0192% | 1h | 66.094 | −0.010% | $47K | — | 10x | as long as short |
| BloFin XAG-USDT | +0.0193% | 4h | 66.120 | +0.030% | $2.6M | $554K | 100x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0200% | 1h | 66.170 | +0.106% | $1.8M | $1.0M | 20x | as long as short |
| Variational Omni XAG | +0.0203% | 4h | 66.163 | +0.096% | $5.6M | $9.5M | — | as long as short |
| Nado XAG-PERP | +0.0210% | 1h | 66.048 | −0.079% | $1.4M | $6.4M | 10x | as long as short |
| MEXC SILVER_USDT | +0.0210% | 4h | 66.110 | +0.015% | $110.4M | $152.9M | 1000x | as long as short |
| Binance XAGUSDT | +0.0211% | 4h | 66.100 | 0.000% | $192.4M | $700.7M | 100x | as long as short |
| Aftermath Perps XAGUSD | +0.0222% | 1h | 66.079 | −0.032% | $80K | $36K | 10x | as long as short |
| edgeX XAGUSDC | +0.0222% | 4h | 66.092 | −0.011% | $671K | $313K | 30x | as long as short |
| OKX XAG-USDT-SWAPlong | +0.0233% | 8h | 66.100 | long leg | $27.7M | $65.0M | 50x | |
| Bitget XAGUSDT | +0.0256% | 4h | 66.110 | +0.015% | $23.8M | $45.4M | 100x | as long as short |
| GRVT XAG_USDT_Perp | +0.0274% | 4h | 66.094 | −0.009% | $389K | $1.5M | 25x | as long as short |
| Bullet SILVER-USD | +0.0286% | 1h | 66.116 | +0.025% | $44K | $76K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0356% | 1h | 66.070 | −0.045% | $62K | $349K | 20x | as long as short |
| Hibachi XAG/USDT-P | +0.0376% | 1h | 66.050 | −0.076% | $20K | $19K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0383% / S −0.0424% | 1h | 66.115 | +0.023% | $103K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSDshort | +0.0485% | 1h | 66.069 | −0.047% | $912K | $683K | 25x |
Ondo Perps XAG-USD.P
Vest SI-PERP
Hotstuff SILVER-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
QFEX SILVER-USD
Phoenix SILVER
Kalshi KXSILVERPERP
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
tradeXYZ xyz:SILVER
RISEx XAG/USDC
Paradex XAG-USD-PERP
Aster XAGUSDT
Bybit XAGUSDT
Lighter XAG
Aevo XAG-PERP
BloFin XAG-USDT
Coinbase International SILVER-PERP-INTX
Variational Omni XAG
Nado XAG-PERP
MEXC SILVER_USDT
Binance XAGUSDT
Aftermath Perps XAGUSD
edgeX XAGUSDC
Bitget XAGUSDT
GRVT XAG_USDT_Perp
Bullet SILVER-USD
Deribit SILVER_USDC-PERPETUAL
Hibachi XAG/USDT-P
GMX SILVER/USD [ETH-USDC]