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: Kraken Futures against Ondo Perps+0.137%7-day average +0.113% · you sell dearer than you buy

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

Long on Ondo Perps Short on Kraken Futures

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+$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Kraken Futures is 0.024% dearer against Ondo Perps than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.113%.

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	Ondo Perps XAG-USD.P	66.030	−0.0027	get 0.0003% / 1h	47m 48s	$5.7M	$9.3M	25x
Short	Kraken Futures PF_XAGUSD	66.120	0.0466	get 0.0058% / 1h	47m 48s	$909K	$688K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Ondo Perps. 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 Ondo PerpsbpFee Kraken FuturesbpOrdersPrice spread, now +0.137%Rate

Funding earned: $103.54
Price spread: +0.137% → +0.113%: $2.38
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $90.92
Costs to cover: 0.150%
Break-even: 0.9 days

Slippage unknown: Ondo Perps: no order-book sample; Kraken Futures: live order book, 65 min ago. 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 65 min ago	2.87 bp	8.7 bp −$9	18.5 bp −$185	57.7 bp −$5,769	doesn't fit

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.Plong	−0.0027%	1h	66.030	long leg	$5.7M	$9.3M	25x
dYdX XAG-USD	0.0000%	1h	66.104	+0.112%	$14K	$66	5x	as long as short
SunX XAG-USDT	0.0000%	4h	66.150	+0.182%	$3K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.170	+0.212%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.150	+0.182%	$1.5M	$257K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.090	+0.091%	$121K	—	250x	as long as short
RISEx XAG/USDC	+0.0030%	1h	66.144	+0.172%	$1.3M	$4.8M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	66.126	+0.146%	$4.8M	$9.3M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.088	+0.088%	$5.2M	$11.4M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.560%	$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	−0.018%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	66.150	+0.182%	$796K	$3.0M	40x	as long as short
Gate XAG_USDT	+0.0044%	4h	66.160	+0.197%	$149.9M	$154.0M	100x	as long as short
Vest SI-PERP	+0.0046%	1h	66.571	+0.819%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.111	+0.123%	$3.9M	$676K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.092	+0.094%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.130	+0.151%	$114K	$2.7M	20x	as long as short
Paradex XAG-USD-PERP	+0.0054%	8h	66.125	+0.144%	$30K	$1K	5x	as long as short
tradeXYZ xyz:SILVER	+0.0072%	1h	66.099	+0.104%	$166.6M	$73.8M	25x	as long as short
Kalshi KXSILVERPERP	+0.0075%	24h	66.109	+0.120%	$519K	$26.7M	8.1x	as long as short
Bybit XAGUSDT	+0.0077%	4h	66.150	+0.182%	$27.8M	$36.2M	150x	as long as short
Pacifica XAG	+0.0100%	1h	66.079	+0.074%	$471K	$607K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.100	+0.106%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.100	+0.106%	$113K	$30K	50x	as long as short
Aster XAGUSDT	+0.0108%	4h	66.138	+0.163%	$2.7M	$873K	100x	as long as short
Lighter XAG	+0.0136%	1h	66.130	+0.151%	$5.2M	$10.6M	25x	as long as short
BloFin XAG-USDT	+0.0146%	4h	66.130	+0.151%	$2.6M	$571K	100x	as long as short
Variational Omni XAG	+0.0151%	4h	66.143	+0.172%	$5.7M	$9.5M	—	as long as short
Aevo XAG-PERP	+0.0152%	1h	66.148	+0.178%	$47K	—	10x	as long as short
MEXC SILVER_USDT	+0.0160%	4h	66.140	+0.167%	$116.4M	$151.8M	1000x	as long as short
Binance XAGUSDT	+0.0161%	4h	66.140	+0.167%	$191.3M	$701.9M	100x	as long as short
Nado XAG-PERP	+0.0164%	1h	66.103	+0.111%	$1.4M	$5.6M	10x	as long as short
edgeX XAGUSDC	+0.0172%	4h	66.086	+0.085%	$671K	$311K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.980	−0.076%	$1.8M	$1.0M	20x	as long as short
Aftermath Perps XAGUSD	+0.0196%	1h	66.090	+0.090%	$79K	$36K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0204%	1h	66.130	+0.151%	$74K	$364K	20x	as long as short
GRVT XAG_USDT_Perp	+0.0206%	4h	66.160	+0.197%	$395K	$1.5M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0221%	8h	66.140	+0.167%	$27.8M	$64.6M	50x	as long as short
Bitget XAGUSDT	+0.0222%	4h	66.130	+0.151%	$24.0M	$44.9M	100x	as long as short
Bullet SILVER-USD	+0.0230%	1h	66.151	+0.183%	$44K	$76K	10x	as long as short
Hotstuff SILVER-PERP	+0.0320%	1h	66.129	+0.150%	$35K	$21K	20x	as long as short
Hibachi XAG/USDT-P	+0.0328%	1h	66.100	+0.106%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0388% / S −0.0443%	1h	66.155	+0.189%	$106K	—	111x	as long as short
Kraken Futures PF_XAGUSDshort	+0.0466%	1h	66.120	+0.137%	$909K	$688K	25x