Funding you earn now, next payment 04:00 UTC−0.0176%/8h= −19.3% APRnext payment −$0.22 per $10,000 · paid last 24h −0.023%
Price spread now: Bullet against Kraken Futures+0.093%51s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Bullet is 0.093% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.093% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 42 hours. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_XAGUSD | 66.067 | 0.0485 | pay 0.0061% / 1h | 34m 29s | $911K | $676K | 25x |
| Short | Bullet SILVER-USD | 66.129 | 0.0309 | get 0.0039% / 1h | 34m 29s | $45K | $76K | 10x |
Kraken Futures PF_XAGUSD
Bullet SILVER-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bullet against Kraken Futures. 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
- −$36.93
- Price spread: +0.093% → 0.000%
- $9.33
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bullet: 4 bp × 2 orders
- −$8
- Net
- −$45.6
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 24 min ago; Bullet: no order-book sample. 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 Kraken Futures live order book, 24 min ago | 2.47 bp | 9.7 bp −$10 | 14.3 bp −$143 | doesn't fit | doesn't fit |
| Sell Bullet no order-book sample | — | — | — | — | — |
Bullet: 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX XAG-USD | 0.0000% | 1h | 66.022 | −0.068% | $15K | — | 5x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.140 | +0.110% | $150.1M | $163.2M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.110 | +0.065% | $2K | $2.7M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.140 | +0.110% | $1.0M | $978K | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.120 | +0.080% | $1.5M | $317K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.056 | −0.017% | $121K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.094 | +0.040% | $4.7M | $9.4M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.051 | −0.025% | $5.2M | $11.7M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.504% | $11K | $94K | 52x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 66.110 | +0.065% | $795K | $3.0M | 40x | as long as short |
dYdX XAG-USD
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 PERP
StandX XAG-USDShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest SI-PERP | +0.0046% | 1h | 66.549 | +0.729% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.092 | +0.037% | $3.9M | $672K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.041 | −0.040% | $3K | $6K | 20x | as long as short |
| Ondo Perps XAG-USD.P | +0.0050% | 1h | 66.010 | −0.087% | $5.7M | $9.6M | 25x | as long as short |
| QFEX SILVER-USD | +0.0054% | 1h | 66.120 | +0.080% | $115K | $2.7M | 20x | as long as short |
| Phoenix SILVER | +0.0060% | 1h | 66.050 | −0.026% | $56K | $26K | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0069% | 24h | 66.065 | −0.004% | $518K | $25.5M | 8.1x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.068 | +0.001% | $470K | $619K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.080 | +0.019% | $24.5M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.070 | +0.004% | $113K | $30K | 50x | as long as short |
| Hotstuff SILVER-PERP | +0.0120% | 1h | 66.074 | +0.010% | $35K | $21K | 20x | as long as short |
| tradeXYZ xyz:SILVER | +0.0133% | 1h | 66.091 | +0.036% | $165.5M | $74.0M | 25x | as long as short |
| RISEx XAG/USDC | +0.0137% | 1h | 66.124 | +0.086% | $1.3M | $4.5M | 20x | as long as short |
| Aster XAGUSDT | +0.0145% | 4h | 66.100 | +0.049% | $2.7M | $876K | 100x | as long as short |
| Paradex XAG-USD-PERP | +0.0151% | 8h | 66.120 | +0.079% | $30K | $1K | 5x | as long as short |
| Bybit XAGUSDT | +0.0159% | 4h | 66.140 | +0.110% | $27.0M | $36.2M | 150x | as long as short |
| Nado XAG-PERP | +0.0195% | 1h | 66.060 | −0.012% | $1.3M | $6.5M | 10x | as long as short |
| Lighter XAG | +0.0200% | 1h | 66.109 | +0.064% | $5.2M | $10.5M | 25x | as long as short |
| Aevo XAG-PERP | +0.0200% | 1h | 66.103 | +0.054% | $47K | — | 10x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0200% | 1h | 66.130 | +0.095% | $1.8M | $999K | 20x | as long as short |
| BloFin XAG-USDT | +0.0201% | 4h | 66.110 | +0.065% | $2.6M | $554K | 100x | as long as short |
| Variational Omni XAG | +0.0210% | 4h | 66.123 | +0.085% | $5.6M | $9.7M | — | as long as short |
| MEXC SILVER_USDT | +0.0216% | 4h | 66.120 | +0.080% | $109.2M | $152.5M | 1000x | as long as short |
| Binance XAGUSDT | +0.0216% | 4h | 66.130 | +0.095% | $192.8M | $700.9M | 100x | as long as short |
| edgeX XAGUSDC | +0.0220% | 4h | 66.135 | +0.102% | $671K | $311K | 30x | as long as short |
| Aftermath Perps XAGUSD | +0.0230% | 1h | 66.091 | +0.035% | $80K | $37K | 10x | as long as short |
| OKX XAG-USDT-SWAP | +0.0231% | 8h | 66.130 | +0.095% | $27.8M | $65.5M | 50x | as long as short |
| Bitget XAGUSDT | +0.0260% | 4h | 66.120 | +0.080% | $23.8M | $45.7M | 100x | as long as short |
| GRVT XAG_USDT_Perp | +0.0286% | 4h | 66.160 | +0.140% | $389K | $1.5M | 25x | as long as short |
| Bullet SILVER-USDshort | +0.0309% | 1h | 66.129 | +0.093% | $45K | $76K | 10x | |
| Deribit SILVER_USDC-PERPETUAL | +0.0356% | 1h | 66.090 | +0.034% | $62K | $348K | 20x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0375% / S −0.0409% | 1h | 66.115 | +0.072% | $103K | — | 111x | as long as short |
| Hibachi XAG/USDT-P | +0.0376% | 1h | 66.080 | +0.019% | $20K | $19K | 10x | as long as short |
| Kraken Futures PF_XAGUSDlong | +0.0485% | 1h | 66.067 | long leg | $911K | $676K | 25x |
Vest SI-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Ondo Perps XAG-USD.P
QFEX SILVER-USD
Phoenix SILVER
Kalshi KXSILVERPERP
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Hotstuff SILVER-PERP
tradeXYZ xyz:SILVER
RISEx XAG/USDC
Aster XAGUSDT
Paradex XAG-USD-PERP
Bybit XAGUSDT
Nado XAG-PERP
Lighter XAG
Aevo XAG-PERP
Coinbase International SILVER-PERP-INTX
BloFin XAG-USDT
Variational Omni XAG
MEXC SILVER_USDT
Binance XAGUSDT
edgeX XAGUSDC
Aftermath Perps XAGUSD
OKX XAG-USDT-SWAP
Bitget XAGUSDT
GRVT XAG_USDT_Perp
Deribit SILVER_USDC-PERPETUAL
GMX SILVER/USD [ETH-USDC]
Hibachi XAG/USDT-P