XAG

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PopdexXAGUSDT	60.335	+0.0304	pay 0.0038% / 1h	26m 33s	$485K	$311K	20x	Long Popdex
SHORT	Kraken FuturesPF_XAGUSD	60.281	+0.0708	get 0.0088% / 1h	26m 33s	$835K	$625K	25x	Short Kraken Futures

Price gap−0.089%

Funding gap+0.0404% /8h

Funding pays +$12 a day on $10k, but the gap is 0.033% under its 7d average: −$3 if it goes back, about 7 hours of funding.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$58+0.0404% /8h now · paid +0.584% over the last 7D

Price−$3spread −0.089% now, avg −0.056% → −0.033% if it goes back

Costs−$270.267% of $10k · taker + slippage, in and out

Result+$28+0.28%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · loading 5m…

Entry / ExitPopdex: thin, under $1M open interest · Kraken Futures: thin, under $1M open interest

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.089%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

XAG on 46 exchanges

lowest funding first

Before you open

2 ok · 3 to watch

OK: Fits both order books4.4 / 8.5 bp
Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
Note: Margin at max leverage$500 + $400
Popdex 20x, Kraken Futures 25x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval1h / 1h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: +$12.12Long Popdex: 24 payments, −$9.12; short Kraken Futures: 24 payments, +$21.24.
Watch: Gap narrower than usual−0.089% vs −0.056%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Long leg is thinner$485K vs $835K OI
Popdex sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCPopdex No · Kraken Futures Yes
Full verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0306%/8h × 21 periods+$64.29

Price spread−0.089% → −0.056% (7d avg)−$3.34

Slippage, 4 orderslive order books−$10.31

Fee Popdex bp × 2 orders−$6.40

Fee Kraken Futures bp × 2 orders−$10.00

Net · 7 days · $10k+$34.24

Costs to cover0.267%Break-even3.3 days

Slippage: Popdex: live order book, 7 min ago; Kraken Futures: live order book, 6 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGPopdex0.994.4 bp−$47.2 bp−$72doesn’t fitdoesn’t fit

SELL · SHORTKraken Futures3.498.5 bp−$814.2 bp−$142doesn’t fitdoesn’t fit

Closing costs about the same again.

XAG news

posts that mention XAG or Silver, from every exchangeSearch all news →

09-30 07:14	Aster	Listing	new market SIUSDT ($XAG) seen by our collector
09-30 03:46	Gate	Listing	new market SI_USDT ($XAG) seen by our collector
09-28 15:17	Ondo Perps	Product	Introducing spot trading for @Ondo Stocks. This brings the basis trade onto a single platform: 1. Buy Ondo Stocks 2. Deploy them as collateral 3. Short the corresponding perp to collect funding Because the spot holding doubles as long exposure and collateral, delta-neutral strategies become more capital efficient. Running both legs on a single platform also eliminates the risks of managing positions across separate platforms. Starting with 12 assets: ✅ Silver (SLVon) ✅ Gold (GLDon) ✅ Micron (MUon) ✅ Tesla (TSLAon) ✅ Circle (CRCLon) ✅ NVIDIA (NVDAon) ✅ SpaceX (SPCXon) ✅ Sandisk (SNDKon) ✅ Alphabet (GOOGLon) ✅ S&P 500 ETF (SPYon) ✅ Invesco QQQ (QQQon) ✅ Roundhill Memory ETF (DRAMon) ✅ & more to come For the first time, Ondo Stocks are available for permissionless trading (outside the US) on a spot central limit order book. Ondo Stocks opened access to tokenized equities, supporting them as collateral made those holdings productive, and now, spot trading on Ondo Perps brings the entire workflow to a single platform. Another step closer to onchain prime brokerage. To celebrate the launch, spot trading is fee-free for the first 30 days. Build a basis trade → @OndoPerps on X ↗
09-26 13:03	MEXC	Listing	new market SI_USDT ($XAG) seen by our collector
09-24 04:18	BingX	Listing	new market SI-USDT ($XAG) seen by our collector
09-23 15:00	Vest Markets	Other	$SLV is down around 3.5% on today's session, with precious metals broadly lower and the dollar near a two-month high. The 10-year yield is near 4.98%, with Fed officials reaffirming last week's rate hike, the first since 2023. $GLD is down around 1.6% on the session, with the pullback taking silver back below the multi-year highs it held earlier this week. @VestExchange on X ↗

XAG