Funding you earn now, next payment 09:00 UTC+0.0416%/8h= +45.5% APRnext payment +$0.52 per $10,000 · paid last 24h +0.099%
Price spread now: Kraken Futures against gTrade (Gains Network)+0.068%68s7-day average +0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$2892.892% of the position
Funding, last 4 days (all we have)+0.031%+$3 on $10k
+Price spread, last 4 days (all we have)−0.021%−$2 · spread now +0.068%, 7d avg +0.038%
=Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Kraken Futures is 0.030% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.038%. The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.031% in total (about 3.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.52 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 | gTrade (Gains Network) XAG/USD | 64.866 | L +0.0004% / S −0.0006% | pay 0.0000% / 1h | 34m 15s | $117K | — | 250x |
| Short | Kraken Futures PF_XAGUSD | 64.910 | 0.0420 | get 0.0052% / 1h | 34m 15s | $1.0M | $889K | 25x |
gTrade (Gains Network) XAG/USD
Kraken Futures PF_XAGUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against gTrade (Gains Network). 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
- $87.33
- Price spread: +0.068% → +0.038%
- $3.04
- Slippage, 4 orders
- −$269.2
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$198.83
- Costs to cover
- 2.892%
- Break-even
- 22.9 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 30 min ago; Kraken Futures: live order book, 4 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 gTrade (Gains Network) virtual book (oracle venue), 30 min ago | 130.00 bp | 135.0 bp −$135 | 135.0 bp −$1,350 | 579.9 bp −$58.0K | 2587.5 bp −$1.29M |
| Sell Kraken Futures live order book, 4 min ago | 3.42 bp | 10.0 bp −$10 | 13.7 bp −$137 | 61.8 bp −$6,180 | 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 | 64.862 | −0.006% | $12K | $6K | 5x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 64.930 | +0.099% | $2K | $2.4M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 64.950 | +0.130% | $1.1M | $1.3M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 64.920 | +0.084% | $1.4M | $310K | 100x | as long as short |
| gTrade (Gains Network) XAG/USDlong | L +0.0004% / S −0.0006% | 1h | 64.866 | long leg | $117K | — | 250x | |
| Variational Omni XAG | +0.0015% | 4h | 64.904 | +0.059% | $5.3M | $9.1M | — | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 64.893 | +0.042% | $4.6M | $9.8M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 64.865 | 0.000% | $5.0M | $12.1M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +2.365% | $11K | $94K | 52x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 64.890 | +0.037% | $780K | $3.0M | 40x | as long as short |
dYdX XAG-USD
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
Variational Omni XAG
Lighter RH XAG
Extended XAG-USD
Injective XAG/USDC PERP
StandX XAG-USDShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate XAG_USDT | +0.0042% | 4h | 64.940 | +0.115% | $139.5M | $182.4M | 100x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 65.320 | +0.700% | — | — | 25x | as long as short |
| QFEX SILVER-USD | +0.0047% | 1h | 64.900 | +0.053% | $445K | $1.5M | 20x | as long as short |
| MEXC SILVER_USDT | +0.0050% | 4h | 64.900 | +0.053% | $121.0M | $158.1M | 1000x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 64.836 | −0.046% | $3.8M | $890K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 64.855 | −0.016% | $3K | $6K | 20x | as long as short |
| Ondo Perps XAG-USD.P | +0.0050% | 1h | 64.810 | −0.086% | $5.6M | $9.9M | 25x | as long as short |
| Binance XAGUSDT | +0.0054% | 4h | 64.890 | +0.037% | $195.8M | $774.8M | 100x | as long as short |
| Paradex XAG-USD-PERP | +0.0060% | 8h | 64.908 | +0.066% | $29K | $166 | 5x | as long as short |
| edgeX XAGUSDC | +0.0061% | 4h | 64.937 | +0.110% | $661K | $313K | 30x | as long as short |
| Aevo XAG-PERP | +0.0064% | 1h | 64.895 | +0.046% | $47K | — | 10x | as long as short |
| Aster XAGUSDT | +0.0067% | 4h | 64.906 | +0.062% | $2.6M | $995K | 100x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0080% | 1h | 64.910 | +0.068% | $1.6M | $1.4M | 20x | as long as short |
| Kalshi KXSILVERPERP | +0.0085% | 24h | 64.953 | +0.135% | $479K | $34.0M | 8.1x | as long as short |
| Hotstuff SILVER-PERP | +0.0088% | 1h | 64.925 | +0.091% | $35K | $21K | 20x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 64.856 | −0.015% | $463K | $592K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 64.880 | +0.022% | $25.1M | $4.5M | 75x | as long as short |
| GRVT XAG_USDT_Perp | +0.0100% | 4h | 64.907 | +0.063% | $390K | $1.6M | 25x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 64.870 | +0.007% | $111K | $19K | 50x | as long as short |
| Phoenix SILVER | +0.0111% | 1h | 64.892 | +0.041% | $55K | $31K | 25x | as long as short |
| tradeXYZ xyz:SILVER | +0.0136% | 1h | 64.881 | +0.024% | $173.8M | $86.9M | 25x | as long as short |
| Nado XAG-PERP | +0.0156% | 1h | 64.934 | +0.105% | $1.2M | $4.2M | 10x | as long as short |
| RISEx XAG/USDC | +0.0158% | 1h | 64.912 | +0.071% | $1.2M | $4.9M | 20x | as long as short |
| Bitget XAGUSDT | +0.0190% | 4h | 64.890 | +0.037% | $23.4M | $46.3M | 100x | as long as short |
| OKX XAG-USDT-SWAP | +0.0193% | 8h | 64.900 | +0.053% | $28.7M | $72.9M | 50x | as long as short |
| Bybit XAGUSDT | +0.0202% | 4h | 64.900 | +0.053% | $29.1M | $42.4M | 150x | as long as short |
| BloFin XAG-USDT | +0.0205% | 4h | 64.960 | +0.145% | $2.7M | $646K | 100x | as long as short |
| Aftermath Perps XAGUSD | +0.0219% | 1h | 64.894 | +0.044% | $78K | $37K | 10x | as long as short |
| Lighter XAG | +0.0224% | 1h | 64.889 | +0.036% | $5.3M | $11.0M | 25x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0237% / S −0.0196% | 1h | 64.935 | +0.107% | $92K | — | 111x | as long as short |
| Bullet SILVER-USD | +0.0300% | 1h | 64.928 | +0.096% | $45K | $75K | 10x | as long as short |
| Hibachi XAG/USDT-P | +0.0344% | 1h | 64.860 | −0.009% | $20K | $15K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0367% | 1h | 64.920 | +0.084% | $76K | $430K | 20x | as long as short |
| Kraken Futures PF_XAGUSDshort | +0.0420% | 1h | 64.910 | +0.068% | $1.0M | $889K | 25x |
Gate XAG_USDT
Vest SI-PERP
QFEX SILVER-USD
MEXC SILVER_USDT
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Ondo Perps XAG-USD.P
Binance XAGUSDT
Paradex XAG-USD-PERP
edgeX XAGUSDC
Aevo XAG-PERP
Aster XAGUSDT
Coinbase International SILVER-PERP-INTX
Kalshi KXSILVERPERP
Hotstuff SILVER-PERP
Pacifica XAG
KuCoin XAGUSDTM
GRVT XAG_USDT_Perp
ApeX Omni XAGUSDT
Phoenix SILVER
tradeXYZ xyz:SILVER
Nado XAG-PERP
RISEx XAG/USDC
Bitget XAGUSDT
OKX XAG-USDT-SWAP
Bybit XAGUSDT
BloFin XAG-USDT
Aftermath Perps XAGUSD
Lighter XAG
GMX SILVER/USD [ETH-USDC]
Bullet SILVER-USD
Hibachi XAG/USDT-P
Deribit SILVER_USDC-PERPETUAL