XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0414%/8h= −45.3% APRnext payment −$0.52 per $10,000 · paid last 24h −0.098%

Price spread now: gTrade (Gains Network) against Kraken Futures−0.070%7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$292as in the Price arb table

costs, in and out, $10k−$2892.892% of the position

Long on Kraken Futures Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.030%−$3 on $10k

Price spread, last 4 days (all we have)+0.023%+$2 · spread now −0.070%, 7d avg −0.038%

Together, before fees−0.007%−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and gTrade (Gains Network) is 0.032% cheaper against Kraken Futures than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.038%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.030% in total (about -3.1% 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	Kraken Futures PF_XAGUSD	64.911	0.0420	pay 0.0052% / 1h	34m 20s	$1.0M	$872K	25x
Short	gTrade (Gains Network) XAG/USD	64.866	L +0.0004% / S −0.0006%	get 0.0001% / 1h	34m 20s	$117K	—	250x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 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 Kraken FuturesbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.070%Rate

Funding earned: −$86.88
Price spread: −0.070% → −0.038%: −$3.24
Slippage, 4 orders: −$269.2
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$379.32
Costs to cover: 2.892%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 4 min ago; gTrade (Gains Network): virtual book (oracle venue), 30 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 Kraken Futures live order book, 4 min ago	3.42 bp	9.2 bp −$9	15.7 bp −$157	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 30 min ago	130.00 bp	135.0 bp −$135	135.0 bp −$1,350	416.8 bp −$41.7K	2012.7 bp −$1.01M

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	−0.076%	$12K	$6K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	64.930	+0.029%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	64.950	+0.060%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	64.940	+0.044%	$1.4M	$310K	100x	as long as short
gTrade (Gains Network) XAG/USDshort	L +0.0004% / S −0.0006%	1h	64.866	−0.070%	$117K	—	250x
Variational Omni XAG	+0.0015%	4h	64.904	−0.011%	$5.3M	$9.1M	—	as long as short
Lighter RH XAG	+0.0032%	1h	64.906	−0.008%	$4.6M	$9.8M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	64.843	−0.106%	$5.0M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+2.293%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	64.890	−0.033%	$780K	$3.0M	40x	as long as short

Show 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	+0.044%	$139.5M	$182.4M	100x	as long as short
Vest SI-PERP	+0.0046%	1h	65.320	+0.630%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0047%	1h	64.900	−0.018%	$445K	$1.5M	20x	as long as short
MEXC SILVER_USDT	+0.0050%	4h	64.910	−0.002%	$121.1M	$158.1M	1000x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	64.836	−0.116%	$3.8M	$890K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	64.850	−0.095%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	64.810	−0.156%	$5.6M	$9.9M	25x	as long as short
Binance XAGUSDT	+0.0054%	4h	64.922	+0.017%	$195.9M	$772.1M	100x	as long as short
Paradex XAG-USD-PERP	+0.0060%	8h	64.908	−0.004%	$29K	$166	5x	as long as short
edgeX XAGUSDC	+0.0061%	4h	64.937	+0.040%	$661K	$313K	30x	as long as short
Aevo XAG-PERP	+0.0064%	1h	64.895	−0.025%	$47K	—	10x	as long as short
Aster XAGUSDT	+0.0067%	4h	64.912	+0.002%	$2.6M	$995K	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0080%	1h	64.880	−0.048%	$1.6M	$1.4M	20x	as long as short
Kalshi KXSILVERPERP	+0.0084%	24h	64.923	+0.018%	$485K	$33.8M	8.1x	as long as short
Hotstuff SILVER-PERP	+0.0088%	1h	64.925	+0.021%	$35K	$21K	20x	as long as short
Pacifica XAG	+0.0100%	1h	64.856	−0.085%	$463K	$592K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	64.870	−0.064%	$25.1M	$4.5M	75x	as long as short
GRVT XAG_USDT_Perp	+0.0100%	4h	64.907	−0.007%	$390K	$1.6M	25x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	64.870	−0.064%	$111K	$19K	50x	as long as short
Phoenix SILVER	+0.0111%	1h	64.892	−0.030%	$55K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0136%	1h	64.881	−0.047%	$173.8M	$86.9M	25x	as long as short
Nado XAG-PERP	+0.0156%	1h	64.934	+0.035%	$1.2M	$4.2M	10x	as long as short
RISEx XAG/USDC	+0.0158%	1h	64.912	0.000%	$1.2M	$4.9M	20x	as long as short
Bitget XAGUSDT	+0.0190%	4h	64.920	+0.013%	$23.3M	$46.2M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0193%	8h	64.970	+0.090%	$28.6M	$73.0M	50x	as long as short
Bybit XAGUSDT	+0.0202%	4h	64.990	+0.121%	$29.1M	$42.4M	150x	as long as short
BloFin XAG-USDT	+0.0205%	4h	64.960	+0.075%	$2.7M	$646K	100x	as long as short
Aftermath Perps XAGUSD	+0.0219%	1h	64.894	−0.027%	$78K	$37K	10x	as long as short
Lighter XAG	+0.0224%	1h	64.920	+0.014%	$5.3M	$11.0M	25x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0237% / S −0.0196%	1h	64.935	+0.036%	$92K	—	111x	as long as short
Bullet SILVER-USD	+0.0300%	1h	64.928	+0.025%	$45K	$75K	10x	as long as short
Hibachi XAG/USDT-P	+0.0344%	1h	64.860	−0.079%	$20K	$15K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0367%	1h	64.920	+0.013%	$76K	$430K	20x	as long as short
Kraken Futures PF_XAGUSDlong	+0.0420%	1h	64.911	long leg	$1.0M	$872K	25x