XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0384%/8h= +42.1% APRnext payment +$0.48 per $10,000 · paid last 24h +0.056%

Price spread now: Kraken Futures against Pacifica+0.053%7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$320.317% of the position

Long on Pacifica Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.128%+$13 on $10k

Price spread, last 4 days (all we have)+0.012%+$1 · spread now +0.053%, 7d avg −0.013%

Together, before fees+0.140%+ Points / potential airdropPacifica: Active · farm board+$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Kraken Futures is 0.066% dearer against Pacifica than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.013%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.128% in total (about 6.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.48 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	Pacifica XAG	66.137	0.0100	pay 0.0013% / 1h	18m 59s	$471K	$615K	10x
Short	Kraken Futures PF_XAGUSD	66.172	0.0484	get 0.0061% / 1h	18m 59s	$913K	$680K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Pacifica. 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 PacificabpFee Kraken FuturesbpOrdersPrice spread, now +0.053%Rate

Funding earned: $80.72
Price spread: +0.053% → −0.013%: $6.56
Slippage, 4 orders: −$13.71
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $55.57
Costs to cover: 0.317%
Break-even: 2.2 days

Slippage from Pacifica: live order book, 40 min ago; Kraken Futures: live order book, 39 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 Pacifica live order book, 40 min ago	0.08 bp	8.0 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 39 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	66.141	+0.006%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.210	+0.110%	$150.2M	$163.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.190	+0.080%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.230	+0.141%	$1.0M	$971K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.200	+0.095%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.131	−0.010%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.186	+0.074%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.131	−0.009%	$5.2M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.398%	$11K	$94K	52x	as long as short
Hotstuff SILVER-PERP	+0.0040%	1h	66.185	+0.073%	$35K	$21K	20x	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	66.180	+0.065%	$796K	$3.1M	40x	as long as short
Ondo Perps XAG-USD.P	+0.0041%	1h	66.100	−0.056%	$5.7M	$9.6M	25x	as long as short
Vest SI-PERP	+0.0046%	1h	66.632	+0.748%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.162	+0.038%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.130	−0.011%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.170	+0.050%	$115K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0060%	1h	66.143	+0.009%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0070%	24h	66.180	+0.065%	$545K	$25.4M	8.1x	as long as short
Pacifica XAGlong	+0.0100%	1h	66.137	long leg	$471K	$615K	10x
KuCoin XAGUSDTM	+0.0100%	4h	66.170	+0.050%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.120	−0.026%	$113K	$30K	50x	as long as short
tradeXYZ xyz:SILVER	+0.0123%	1h	66.168	+0.047%	$166.0M	$74.2M	25x	as long as short
RISEx XAG/USDC	+0.0137%	1h	66.196	+0.089%	$1.3M	$4.5M	20x	as long as short
Paradex XAG-USD-PERP	+0.0142%	8h	66.180	+0.065%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0144%	4h	66.202	+0.099%	$2.7M	$877K	100x	as long as short
Bybit XAGUSDT	+0.0164%	4h	66.210	+0.110%	$27.0M	$36.0M	150x	as long as short
Lighter XAG	+0.0176%	1h	66.190	+0.081%	$5.2M	$10.7M	25x	as long as short
Aevo XAG-PERP	+0.0192%	1h	66.196	+0.090%	$48K	—	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.170	+0.050%	$1.8M	$1.0M	20x	as long as short
Nado XAG-PERP	+0.0205%	1h	66.156	+0.028%	$1.4M	$6.4M	10x	as long as short
Variational Omni XAG	+0.0206%	4h	66.183	+0.069%	$5.6M	$9.6M	—	as long as short
MEXC SILVER_USDT	+0.0212%	4h	66.180	+0.065%	$110.0M	$152.7M	1000x	as long as short
Binance XAGUSDT	+0.0212%	4h	66.200	+0.095%	$192.6M	$700.7M	100x	as long as short
Aftermath Perps XAGUSD	+0.0218%	1h	66.161	+0.037%	$80K	$36K	10x	as long as short
edgeX XAGUSDC	+0.0228%	4h	66.187	+0.075%	$672K	$311K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0231%	8h	66.200	+0.095%	$27.8M	$65.2M	50x	as long as short
BloFin XAG-USDT	+0.0243%	4h	66.200	+0.095%	$2.6M	$555K	100x	as long as short
Bitget XAGUSDT	+0.0258%	4h	66.190	+0.080%	$23.9M	$45.3M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0278%	4h	66.198	+0.093%	$389K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0289%	1h	66.203	+0.100%	$44K	$76K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0355%	1h	66.180	+0.065%	$62K	$349K	20x	as long as short
Hibachi XAG/USDT-P	+0.0360%	1h	66.140	+0.005%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0383% / S −0.0424%	1h	66.205	+0.103%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSDshort	+0.0484%	1h	66.172	+0.053%	$913K	$680K	25x