Funding you earn now, next payment 04:00 UTC−0.0452%/8h= −49.5% APRnext payment −$0.57 per $10,000 · paid last 24h −0.076%
Price spread now: Injective against Kraken Futures+0.563%63s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.202%−$20 on $10k
+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. Injective is 0.563% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.563% now, against zero (this spread has no 7-day history yet)): +$56 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 4.1 days. At the pace of the last 7 days (−0.202% in total) that is about 20 days. The two prices were read 63 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 7 days it paid -0.202% in total (about -10.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.57 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 | 66.028 | 0.0485 | pay 0.0061% / 1h | 11m 56s | $912K | $683K | 25x |
| Short | Injective XAG/USDC PERP | 66.400 | 0.0033 | get 0.0004% / 1h | 11m 56s | $11K | $94K | 52x |
Kraken Futures PF_XAGUSD
Injective XAG/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$94.94
- Price spread: +0.563% → 0.000%
- $56.27
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$48.69
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Kraken Futures: live order book, 46 min ago; Injective: 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, 46 min ago | 2.47 bp | 9.7 bp −$10 | 14.3 bp −$143 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX XAG-USD | 0.0000% | 1h | 66.018 | −0.016% | $15K | — | 5x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.070 | +0.063% | $150.0M | $163.7M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.050 | +0.033% | $2K | $2.7M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.130 | +0.154% | $1.0M | $969K | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.090 | +0.093% | $1.5M | $317K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.981 | −0.072% | $120K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.048 | +0.029% | $4.8M | $9.6M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.988 | −0.062% | $5.2M | $11.6M | 10x | as long as short |
| Injective XAG/USDC PERPshort | +0.0033% | 1h | 66.400 | +0.563% | $11K | $94K | 52x | |
| StandX XAG-USD | +0.0040% | 1h | 66.100 | +0.108% | $795K | $3.1M | 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
StandX XAG-USDShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps XAG-USD.P | +0.0043% | 1h | 65.960 | −0.104% | $5.7M | $9.6M | 25x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.489 | +0.698% | — | — | 25x | as long as short |
| Hotstuff SILVER-PERP | +0.0048% | 1h | 66.052 | +0.036% | $35K | $21K | 20x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.021 | −0.011% | $3.9M | $672K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.980 | −0.073% | $3K | $6K | 20x | as long as short |
| QFEX SILVER-USD | +0.0054% | 1h | 66.060 | +0.048% | $115K | $2.7M | 20x | as long as short |
| Phoenix SILVER | +0.0060% | 1h | 66.025 | −0.005% | $56K | $26K | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0071% | 24h | 66.038 | +0.014% | $547K | $25.4M | 8.1x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.023 | −0.008% | $470K | $615K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.030 | +0.002% | $24.5M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.060 | +0.048% | $113K | $30K | 50x | as long as short |
| tradeXYZ xyz:SILVER | +0.0125% | 1h | 66.027 | −0.002% | $165.8M | $74.3M | 25x | as long as short |
| RISEx XAG/USDC | +0.0137% | 1h | 66.075 | +0.071% | $1.3M | $4.5M | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0140% | 8h | 66.066 | +0.056% | $30K | $1K | 5x | as long as short |
| Aster XAGUSDT | +0.0143% | 4h | 66.055 | +0.040% | $2.7M | $868K | 100x | as long as short |
| Bybit XAGUSDT | +0.0167% | 4h | 66.080 | +0.078% | $27.1M | $36.1M | 150x | as long as short |
| Lighter XAG | +0.0184% | 1h | 66.040 | +0.018% | $5.2M | $10.7M | 25x | as long as short |
| Aevo XAG-PERP | +0.0192% | 1h | 66.051 | +0.035% | $47K | — | 10x | as long as short |
| BloFin XAG-USDT | +0.0193% | 4h | 66.120 | +0.139% | $2.6M | $554K | 100x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0200% | 1h | 66.040 | +0.018% | $1.8M | $1.0M | 20x | as long as short |
| Variational Omni XAG | +0.0203% | 4h | 66.163 | +0.204% | $5.6M | $9.5M | — | as long as short |
| MEXC SILVER_USDT | +0.0210% | 4h | 66.060 | +0.048% | $110.6M | $153.0M | 1000x | as long as short |
| Nado XAG-PERP | +0.0211% | 1h | 66.008 | −0.031% | $1.4M | $6.4M | 10x | as long as short |
| Binance XAGUSDT | +0.0211% | 4h | 66.060 | +0.048% | $192.2M | $700.9M | 100x | as long as short |
| Aftermath Perps XAGUSD | +0.0222% | 1h | 66.060 | +0.047% | $80K | $36K | 10x | as long as short |
| edgeX XAGUSDC | +0.0222% | 4h | 66.092 | +0.097% | $671K | $313K | 30x | as long as short |
| OKX XAG-USDT-SWAP | +0.0234% | 8h | 66.070 | +0.063% | $27.7M | $65.0M | 50x | as long as short |
| Bitget XAGUSDT | +0.0256% | 4h | 66.060 | +0.048% | $23.8M | $45.4M | 100x | as long as short |
| GRVT XAG_USDT_Perp | +0.0274% | 4h | 66.094 | +0.099% | $389K | $1.5M | 25x | as long as short |
| Bullet SILVER-USD | +0.0287% | 1h | 66.061 | +0.050% | $44K | $76K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0356% | 1h | 66.030 | +0.002% | $62K | $349K | 20x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0383% / S −0.0424% | 1h | 66.065 | +0.055% | $103K | — | 111x | as long as short |
| Hibachi XAG/USDT-P | +0.0384% | 1h | 66.050 | +0.033% | $20K | $19K | 10x | as long as short |
| Kraken Futures PF_XAGUSDlong | +0.0485% | 1h | 66.028 | long leg | $912K | $683K | 25x |
Ondo Perps XAG-USD.P
Vest SI-PERP
Hotstuff SILVER-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
QFEX SILVER-USD
Phoenix SILVER
Kalshi KXSILVERPERP
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
tradeXYZ xyz:SILVER
RISEx XAG/USDC
Paradex XAG-USD-PERP
Aster XAGUSDT
Bybit XAGUSDT
Lighter XAG
Aevo XAG-PERP
BloFin XAG-USDT
Coinbase International SILVER-PERP-INTX
Variational Omni XAG
MEXC SILVER_USDT
Nado XAG-PERP
Binance XAGUSDT
Aftermath Perps XAGUSD
edgeX XAGUSDC
OKX XAG-USDT-SWAP
Bitget XAGUSDT
GRVT XAG_USDT_Perp
Bullet SILVER-USD
Deribit SILVER_USDC-PERPETUAL
GMX SILVER/USD [ETH-USDC]
Hibachi XAG/USDT-P