Funding you earn now, next payment 03:00 UTC+0.0452%/8h= +49.5% APRnext payment +$0.57 per $10,000 · paid last 24h +0.066%
Price spread now: Kraken Futures against tradeXYZ+0.005%7-day average −0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$370.368% of the position
Funding, last 7 days+0.069%+$7 on $10k
+Price spread, last 4 days (all we have)+0.119%+$12 · spread now +0.005%, 7d avg −0.015%
=Together, before fees+0.189%+ Points / potential airdroptradeXYZ: Active · farm board+$19 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.015%, so right now this pair is about funding alone: +$14 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.069% in total (about 3.6% 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 | tradeXYZ xyz:SILVER | 66.332 | 0.0097 | pay 0.0012% / 1h | 24m 17s | $166.1M | $73.4M | 25x |
| Short | Kraken Futures PF_XAGUSD | 66.335 | 0.0549 | get 0.0069% / 1h | 24m 17s | $915K | $671K | 25x |
tradeXYZ xyz:SILVER
Kraken Futures PF_XAGUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against tradeXYZ. 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
- $94.92
- Price spread: +0.005% → −0.015%
- $1.99
- Slippage, 4 orders
- −$8.75
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $60.16
- Costs to cover
- 0.368%
- Break-even
- 2.6 days
Slippage from tradeXYZ: live order book, 4 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 tradeXYZ live order book, 4 min ago | 0.53 bp | 10.0 bp −$10 | 10.1 bp −$101 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 39 min ago | 2.64 bp | 8.5 bp −$9 | 15.9 bp −$159 | 32.7 bp −$3,270 | 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 | 66.272 | −0.090% | $15K | — | 5x | as long as short |
| Hotstuff SILVER-PERP | 0.0000% | 1h | 66.341 | +0.014% | $35K | $21K | 20x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.380 | +0.072% | $150.3M | $164.3M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.380 | +0.072% | $2K | $2.7M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.380 | +0.072% | $1.0M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.360 | +0.042% | $1.5M | $251K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.299 | −0.051% | $121K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.333 | +0.001% | $4.8M | $9.5M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.299 | −0.050% | $5.3M | $12.1M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.103% | $11K | $94K | 52x | as long as short |
dYdX XAG-USD
Hotstuff SILVER-PERP
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 PERPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX XAG-USD | +0.0040% | 1h | 66.310 | −0.033% | $798K | $2.9M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.810 | +0.721% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.352 | +0.030% | $3.9M | $672K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.282 | −0.075% | $3K | $6K | 20x | as long as short |
| Ondo Perps XAG-USD.P | +0.0050% | 1h | 66.260 | −0.109% | $5.7M | $9.8M | 25x | as long as short |
| QFEX SILVER-USD | +0.0062% | 1h | 66.370 | +0.057% | $115K | $2.7M | 20x | as long as short |
| Kalshi KXSILVERPERP | +0.0065% | 24h | 66.335 | +0.005% | $536K | $24.6M | 8.1x | as long as short |
| Phoenix SILVER | +0.0084% | 1h | 66.308 | −0.036% | $56K | $26K | 25x | as long as short |
| tradeXYZ xyz:SILVERlong | +0.0097% | 1h | 66.332 | long leg | $166.1M | $73.4M | 25x | |
| Pacifica XAG | +0.0100% | 1h | 66.323 | −0.014% | $472K | $610K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.310 | −0.033% | $24.5M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.280 | −0.078% | $113K | $30K | 50x | as long as short |
| Paradex XAG-USD-PERP | +0.0134% | 8h | 66.366 | +0.051% | $30K | $1K | 5x | as long as short |
| Aster XAGUSDT | +0.0136% | 4h | 66.386 | +0.081% | $2.7M | $877K | 100x | as long as short |
| Bybit XAGUSDT | +0.0154% | 4h | 66.370 | +0.057% | $26.9M | $36.1M | 150x | as long as short |
| BloFin XAG-USDT | +0.0175% | 4h | 66.340 | +0.012% | $2.6M | $553K | 100x | as long as short |
| Aevo XAG-PERP | +0.0176% | 1h | 66.356 | +0.036% | $48K | — | 10x | as long as short |
| RISEx XAG/USDC | +0.0181% | 1h | 66.390 | +0.088% | $1.3M | $4.5M | 20x | as long as short |
| Variational Omni XAG | +0.0184% | 4h | 66.321 | −0.016% | $5.6M | $9.8M | — | as long as short |
| Lighter XAG | +0.0192% | 1h | 66.340 | +0.012% | $5.3M | $10.5M | 25x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0192% | 1h | 66.350 | +0.027% | $1.9M | $995K | 20x | as long as short |
| MEXC SILVER_USDT | +0.0196% | 4h | 66.360 | +0.042% | $105.5M | $153.6M | 1000x | as long as short |
| Binance XAGUSDT | +0.0196% | 4h | 66.360 | +0.042% | $192.2M | $705.3M | 100x | as long as short |
| edgeX XAGUSDC | +0.0204% | 4h | 66.323 | −0.013% | $673K | $313K | 30x | as long as short |
| Nado XAG-PERP | +0.0211% | 1h | 66.333 | +0.002% | $1.3M | $6.6M | 10x | as long as short |
| OKX XAG-USDT-SWAP | +0.0217% | 8h | 66.360 | +0.042% | $27.8M | $65.9M | 50x | as long as short |
| Aftermath Perps XAGUSD | +0.0232% | 1h | 66.282 | −0.075% | $80K | $38K | 10x | as long as short |
| Bitget XAGUSDT | +0.0246% | 4h | 66.360 | +0.042% | $23.8M | $45.8M | 100x | as long as short |
| GRVT XAG_USDT_Perp | +0.0268% | 4h | 66.347 | +0.023% | $402K | $1.5M | 25x | as long as short |
| Hibachi XAG/USDT-P | +0.0272% | 1h | 66.270 | −0.093% | $20K | $19K | 10x | as long as short |
| Bullet SILVER-USD | +0.0279% | 1h | 66.377 | +0.068% | $46K | $75K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0351% / S −0.0373% | 1h | 66.375 | +0.065% | $103K | — | 111x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0353% | 1h | 66.340 | +0.012% | $50K | $322K | 20x | as long as short |
| Kraken Futures PF_XAGUSDshort | +0.0549% | 1h | 66.335 | +0.005% | $915K | $671K | 25x |
StandX XAG-USD
Vest SI-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Ondo Perps XAG-USD.P
QFEX SILVER-USD
Kalshi KXSILVERPERP
Phoenix SILVER
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Paradex XAG-USD-PERP
Aster XAGUSDT
Bybit XAGUSDT
BloFin XAG-USDT
Aevo XAG-PERP
RISEx XAG/USDC
Variational Omni XAG
Lighter XAG
Coinbase International SILVER-PERP-INTX
MEXC SILVER_USDT
Binance XAGUSDT
edgeX XAGUSDC
Nado XAG-PERP
OKX XAG-USDT-SWAP
Aftermath Perps XAGUSD
Bitget XAGUSDT
GRVT XAG_USDT_Perp
Hibachi XAG/USDT-P
Bullet SILVER-USD
GMX SILVER/USD [ETH-USDC]
Deribit SILVER_USDC-PERPETUAL