Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0453%/8h= +49.7% APRpaid last 24h +0.052%

Price spread now: Kraken Futures against BloFin−0.047%7-day average −0.084% · you buy dearer than you sell

Net, funding: paid 7d − costs+$1as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$330.327% of the position

Long on BloFin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.338%+$34 on $10k

Price spread, last 4 days (all we have)−0.077%−$8 · spread now −0.047%, 7d avg −0.084%

Together, before fees+0.261%+$26 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Kraken Futures is 0.036% dearer against BloFin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.084%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XAG-USDT	66.020	0.0171	pay 0.0085% / 4h	3h 37m	$2.6M	$562K	100x
Short	Kraken Futures PF_XAGUSD	65.989	0.0624	get 0.0078% / 1h	37m 17s	$911K	$683K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against BloFin. 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 BloFinbpFee Kraken FuturesbpOrdersPrice spread, now −0.047%Rate

Funding earned: $95.22
Price spread: −0.047% → −0.084%: $3.64
Slippage, 4 orders: −$10.74
Fee BloFin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $66.13
Costs to cover: 0.327%
Break-even: 2.1 days

Slippage from BloFin: live order book, 6 min ago; Kraken Futures: live order book, 16 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 BloFin live order book, 6 min ago	0.76 bp	6.8 bp −$7	6.8 bp −$68	10.0 bp −$1,003	16.8 bp −$8,413
Sell Kraken Futures live order book, 16 min ago	2.87 bp	8.7 bp −$9	18.5 bp −$185	57.7 bp −$5,769	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
Ondo Perps XAG-USD.P	−0.0046%	1h	65.880	−0.212%	$5.7M	$9.3M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.934	−0.131%	$14K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.040	+0.030%	$149.6M	$163.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.020	0.000%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.050	+0.045%	$1.0M	$966K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.030	+0.015%	$1.5M	$320K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.974	−0.070%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.017	−0.005%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.964	−0.085%	$5.1M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.576%	$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
StandX XAG-USD	+0.0040%	1h	65.980	−0.061%	$794K	$3.1M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.433	+0.626%	—	—	25x	as long as short
Hotstuff SILVER-PERP	+0.0048%	1h	65.963	−0.086%	$35K	$21K	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.974	−0.070%	$3.9M	$674K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.965	−0.083%	$3K	$6K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0051%	1h	65.994	−0.039%	$166.1M	$73.5M	25x	as long as short
QFEX SILVER-USD	+0.0060%	1h	66.000	−0.030%	$114K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0073%	24h	65.988	−0.048%	$540K	$25.9M	8.1x	as long as short
Phoenix SILVER	+0.0073%	1h	65.926	−0.142%	$56K	$26K	25x	as long as short
RISEx XAG/USDC	+0.0080%	1h	65.995	−0.039%	$1.3M	$4.9M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.940	−0.122%	$469K	$612K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.000	−0.030%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.930	−0.136%	$113K	$30K	50x	as long as short
Bybit XAGUSDT	+0.0107%	4h	66.040	+0.030%	$27.4M	$36.4M	150x	as long as short
Lighter XAG	+0.0112%	1h	66.024	+0.005%	$5.2M	$10.6M	25x	as long as short
Paradex XAG-USD-PERP	+0.0113%	8h	65.986	−0.051%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0137%	4h	66.018	−0.003%	$2.7M	$871K	100x	as long as short
BloFin XAG-USDTlong	+0.0171%	4h	66.020	long leg	$2.6M	$562K	100x
Nado XAG-PERP	+0.0181%	1h	65.957	−0.096%	$1.4M	$5.8M	10x	as long as short
Aevo XAG-PERP	+0.0184%	1h	66.010	−0.015%	$47K	—	10x	as long as short
Variational Omni XAG	+0.0188%	4h	65.963	−0.086%	$5.6M	$9.4M	—	as long as short
MEXC SILVER_USDT	+0.0200%	4h	66.030	+0.015%	$112.8M	$152.2M	1000x	as long as short
GRVT XAG_USDT_Perp	+0.0200%	4h	65.987	−0.049%	$394K	$1.5M	25x	as long as short
Binance XAGUSDT	+0.0200%	4h	66.030	+0.015%	$191.2M	$702.5M	100x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0205%	1h	66.010	−0.015%	$75K	$363K	20x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	65.950	−0.106%	$1.8M	$1.0M	20x	as long as short
Aftermath Perps XAGUSD	+0.0213%	1h	65.952	−0.103%	$79K	$36K	10x	as long as short
edgeX XAGUSDC	+0.0213%	4h	65.976	−0.066%	$669K	$311K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0232%	8h	66.040	+0.030%	$27.7M	$64.8M	50x	as long as short
Bullet SILVER-USD	+0.0234%	1h	66.030	+0.015%	$44K	$76K	10x	as long as short
Bitget XAGUSDT	+0.0240%	4h	66.030	+0.015%	$23.9M	$45.3M	100x	as long as short
Hibachi XAG/USDT-P	+0.0320%	1h	65.922	−0.148%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0387% / S −0.0440%	1h	66.035	+0.023%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSDshort	+0.0624%	1h	65.989	−0.047%	$911K	$683K	25x