XAG

Alert

Funding spread now, next payment 17:00 UTC−0.0335%/8h

next payment, per $10,000−$0.42paid, last 24h−0.073%paid, last 7 days−0.218%to open and closeno order book

Long on Kraken Futures Short on Ondo Perps

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.218% in total (about -11.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.42 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	66.124	0.0288	pay 0.0036% / 1h	8m 26s	$782K	$646K	25x
Short	Ondo Perps XAG-USD.P	66.020	−0.0046	pay 0.0006% / 1h	8m 26s	$6.1M	$8.2M	25x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee Ondo PerpsbpOrdersRate

Funding earned: −$70.29
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$85.29
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 36 min ago; Ondo Perps: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.158%
Avg gap 7d: −0.115%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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, 36 min ago	3.62 bp	8.6 bp −$9	13.4 bp −$134	70.4 bp −$7,036	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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 43 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Ondo Perps XAG-USD.Pshort	−0.0046%	1h	$6.1M	$8.2M	25x
Phoenix SILVER	−0.0012%	1h	$56K	$26K	25x	as long as short
dYdX XAG-USD	0.0000%	1h	$15K	$997	5x	as long as short
RISEx XAG/USDC	0.0000%	1h	$1.3M	$3.9M	20x	as long as short
Hotstuff SILVER-PERP	0.0000%	1h	$31K	$13K	20x	as long as short
Gate XAG_USDT	0.0000%	4h	$132.7M	$191.8M	100x	as long as short
Kalshi KXSILVERPERP	0.0000%	24h	$721K	$20.7M	8.1x	as long as short
Hibachi XAG/USDT-P	0.0000%	1h	$20K	$21K	10x	as long as short
SunX XAG-USDT	0.0000%	4h	$2K	$3.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	$1.0M	$1.1M	75x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex XAGUSDT	0.0000%	4h	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	$119K	—	250x	as long as short
Aster XAGUSDT	+0.0008%	4h	$2.8M	$1.3M	100x	as long as short
Variational Omni XAG	+0.0015%	4h	$5.6M	$13.0M	—	as long as short
MEXC SILVER_USDT	+0.0018%	4h	$117.5M	$186.7M	1000x	as long as short
Binance XAGUSDT	+0.0019%	4h	$191.0M	$781.2M	100x	as long as short
BloFin XAG-USDT	+0.0021%	4h	$2.6M	$1.6M	100x	as long as short
edgeX XAGUSDC	+0.0027%	4h	$668K	$317K	30x	as long as short
Lighter RH XAG	+0.0032%	1h	$4.7M	$9.0M	25x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	$11K	$94K	52x	as long as short
QFEX SILVER-USD	+0.0034%	1h	$153K	$2.8M	20x	as long as short
StandX XAG-USD	+0.0040%	1h	$701K	$2.3M	40x	as long as short
Aevo XAG-PERP	+0.0040%	1h	$47K	—	10x	as long as short
Vest SI-PERP	+0.0046%	1h	—	—	25x	as long as short
Bybit XAGUSDT	+0.0046%	4h	$24.9M	$37.0M	150x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	$159.7M	$93.0M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	$3.8M	$446K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	$4K	$5K	20x	as long as short
Paradex XAG-USD-PERP	+0.0056%	8h	$30K	$1K	5x	as long as short
Lighter XAG	+0.0088%	1h	$5.4M	$10.5M	25x	as long as short
Pacifica XAG	+0.0100%	1h	$476K	$706K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	$23.0M	$3.9M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	$112K	$189K	50x	as long as short
Nado XAG-PERP	+0.0105%	1h	$1.3M	$6.2M	10x	as long as short
Extended XAG-USD	+0.0112%	1h	$4.8M	$14.2M	10x	as long as short
Bullet SILVER-USD	+0.0115%	1h	$46K	$76K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0120%	8h	$27.6M	$66.4M	50x	as long as short
Aftermath Perps XAGUSD	+0.0140%	1h	$79K	$40K	10x	as long as short
Bitget XAGUSDT	+0.0170%	4h	$23.1M	$49.1M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	$1.8M	$1.2M	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0204%	1h	$88K	$621K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0227% / S −0.0209%	1h	$84K	—	111x	as long as short
Kraken Futures PF_XAGUSDlong	+0.0288%	1h	$782K	$646K	25x