Funding you earn now, next payment 05:00 UTC+0.0590%/8h= +64.6% APRnext payment +$0.74 per $10,000 · paid last 24h +0.078%
Price spread now: Kraken Futures against Injective−0.543%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.204%+$20 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Kraken Futures is 0.543% cheaper against Injective than usual: you would sell low and buy high (spread −0.543% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$54 on $10k: about 3.1 days of funding at the current rate (+$18 a day). At the pace of the last 7 days (+0.204% in total) that is about 19 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.204% in total (about 10.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.74 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 | Injective XAG/USDC PERP | 66.400 | 0.0033 | pay 0.0004% / 1h | 4m 58s | $11K | $94K | 52x |
| Short | Kraken Futures PF_XAGUSD | 66.039 | 0.0624 | get 0.0078% / 1h | 4m 58s | $911K | $685K | 25x |
Injective XAG/USDC PERP
Kraken Futures PF_XAGUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Injective. 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
- $123.94
- Price spread: −0.543% → 0.000%
- −$54.3
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $59.62
- Costs to cover
- 0.100%
- Break-even
- 3.6 days
Slippage unknown: Injective: no order-book sample; Kraken Futures: live order book, 48 min ago. Net counts fees only.
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 Injective no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 48 min ago | 2.87 bp | 8.7 bp −$9 | 18.5 bp −$185 | 57.7 bp −$5,769 | doesn't fit |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0051% | 1h | 65.950 | −0.678% | $5.7M | $9.2M | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.989 | −0.620% | $14K | $66 | 5x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.080 | −0.482% | $2K | $2.6M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.080 | −0.482% | $1.1M | $1.0M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.070 | −0.497% | $1.5M | $317K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.999 | −0.604% | $120K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.054 | −0.522% | $4.8M | $9.6M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.003 | −0.598% | $5.2M | $11.5M | 10x | as long as short |
| Hotstuff SILVER-PERP | +0.0032% | 1h | 66.027 | −0.562% | $35K | $21K | 20x | as long as short |
| Injective XAG/USDC PERPlong | +0.0033% | 1h | 66.400 | long leg | $11K | $94K | 52x |
Ondo Perps XAG-USD.P
dYdX XAG-USD
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Lighter RH XAG
Extended XAG-USD
Hotstuff SILVER-PERPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX XAG-USD | +0.0040% | 1h | 66.060 | −0.512% | $795K | $3.0M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.477 | +0.116% | — | — | 25x | as long as short |
| Gate XAG_USDT | +0.0046% | 4h | 66.080 | −0.482% | $149.9M | $164.4M | 100x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.027 | −0.562% | $3.9M | $676K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.997 | −0.607% | $3K | $6K | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0056% | 8h | 66.044 | −0.536% | $30K | $1K | 5x | as long as short |
| QFEX SILVER-USD | +0.0060% | 1h | 66.050 | −0.527% | $114K | $2.7M | 20x | as long as short |
| tradeXYZ xyz:SILVER | +0.0060% | 1h | 66.024 | −0.566% | $166.3M | $73.9M | 25x | as long as short |
| Phoenix SILVER | +0.0073% | 1h | 65.995 | −0.610% | $56K | $26K | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0074% | 24h | 66.028 | −0.560% | $530K | $26.7M | 8.1x | as long as short |
| RISEx XAG/USDC | +0.0080% | 1h | 66.062 | −0.509% | $1.3M | $4.9M | 20x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.997 | −0.607% | $469K | $604K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.030 | −0.557% | $24.4M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.990 | −0.617% | $113K | $30K | 50x | as long as short |
| Bybit XAGUSDT | +0.0108% | 4h | 66.090 | −0.467% | $27.8M | $36.5M | 150x | as long as short |
| Lighter XAG | +0.0120% | 1h | 66.054 | −0.521% | $5.2M | $10.9M | 25x | as long as short |
| Aster XAGUSDT | +0.0121% | 4h | 66.050 | −0.527% | $2.7M | $866K | 100x | as long as short |
| Variational Omni XAG | +0.0164% | 4h | 66.053 | −0.522% | $5.7M | $9.5M | — | as long as short |
| Aevo XAG-PERP | +0.0168% | 1h | 66.053 | −0.522% | $47K | — | 10x | as long as short |
| MEXC SILVER_USDT | +0.0174% | 4h | 66.060 | −0.512% | $115.1M | $152.9M | 1000x | as long as short |
| Binance XAGUSDT | +0.0175% | 4h | 66.070 | −0.497% | $191.0M | $703.0M | 100x | as long as short |
| edgeX XAGUSDC | +0.0182% | 4h | 66.013 | −0.583% | $670K | $311K | 30x | as long as short |
| Nado XAG-PERP | +0.0186% | 1h | 66.012 | −0.584% | $1.4M | $5.8M | 10x | as long as short |
| BloFin XAG-USDT | +0.0196% | 4h | 66.060 | −0.512% | $2.6M | $570K | 100x | as long as short |
| Aftermath Perps XAGUSD | +0.0198% | 1h | 66.022 | −0.569% | $79K | $36K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0204% | 1h | 66.040 | −0.542% | $75K | $363K | 20x | as long as short |
| GRVT XAG_USDT_Perp | +0.0208% | 4h | 66.053 | −0.523% | $394K | $1.5M | 25x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0208% | 1h | 65.980 | −0.633% | $1.8M | $1.0M | 20x | as long as short |
| OKX XAG-USDT-SWAP | +0.0223% | 8h | 66.070 | −0.497% | $27.8M | $64.6M | 50x | as long as short |
| Bitget XAGUSDT | +0.0228% | 4h | 66.070 | −0.497% | $24.0M | $44.9M | 100x | as long as short |
| Bullet SILVER-USD | +0.0237% | 1h | 66.064 | −0.506% | $44K | $75K | 10x | as long as short |
| Hibachi XAG/USDT-P | +0.0304% | 1h | 66.010 | −0.587% | $20K | $19K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0388% / S −0.0440% | 1h | 66.065 | −0.505% | $105K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSDshort | +0.0624% | 1h | 66.039 | −0.543% | $911K | $685K | 25x |
StandX XAG-USD
Vest SI-PERP
Gate XAG_USDT
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Paradex XAG-USD-PERP
QFEX SILVER-USD
tradeXYZ xyz:SILVER
Phoenix SILVER
Kalshi KXSILVERPERP
RISEx XAG/USDC
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Bybit XAGUSDT
Lighter XAG
Aster XAGUSDT
Variational Omni XAG
Aevo XAG-PERP
MEXC SILVER_USDT
Binance XAGUSDT
edgeX XAGUSDC
Nado XAG-PERP
BloFin XAG-USDT
Aftermath Perps XAGUSD
Deribit SILVER_USDC-PERPETUAL
GRVT XAG_USDT_Perp
Coinbase International SILVER-PERP-INTX
OKX XAG-USDT-SWAP
Bitget XAGUSDT
Bullet SILVER-USD
Hibachi XAG/USDT-P
GMX SILVER/USD [ETH-USDC]