Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0416%/8h= −45.6% APRpaid last 24h −0.063%

Price spread now: Paradex against Kraken Futures+0.019%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$12 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_XAGUSD	66.322	0.0549	pay 0.0069% / 1h	23m 02s	$915K	$671K	25x
Short	Paradex XAG-USD-PERP	66.335	0.0133	get 0.0133% / 8h	5h 23m	$30K	$1K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.019%Rate

Funding earned: −$87.36
Price spread: +0.019% → 0.000%: $1.93
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$99.43
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 40 min ago; Paradex: 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, 40 min ago	2.64 bp	8.5 bp −$9	14.1 bp −$141	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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	66.272	−0.076%	$15K	—	5x	as long as short
Hotstuff SILVER-PERP	0.0000%	1h	66.318	−0.006%	$35K	$21K	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.390	+0.102%	$150.3M	$164.3M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.370	+0.072%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.370	+0.072%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.380	+0.087%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.290	−0.049%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.353	+0.047%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.321	−0.002%	$5.3M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.117%	$11K	$94K	52x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	66.340	+0.027%	$798K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.784	+0.696%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.307	−0.023%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.295	−0.041%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.220	−0.154%	$5.7M	$9.8M	25x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.330	+0.012%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0065%	24h	66.314	−0.012%	$536K	$24.6M	8.1x	as long as short
Phoenix SILVER	+0.0084%	1h	66.308	−0.021%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0097%	1h	66.356	+0.051%	$166.2M	$73.5M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.292	−0.045%	$472K	$610K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.340	+0.027%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.320	−0.003%	$113K	$30K	50x	as long as short
Paradex XAG-USD-PERPshort	+0.0133%	8h	66.335	+0.019%	$30K	$1K	5x
Aster XAGUSDT	+0.0135%	4h	66.350	+0.042%	$2.7M	$877K	100x	as long as short
Bybit XAGUSDT	+0.0154%	4h	66.400	+0.117%	$26.9M	$36.1M	150x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.357	+0.052%	$48K	—	10x	as long as short
BloFin XAG-USDT	+0.0181%	4h	66.340	+0.027%	$2.6M	$553K	100x	as long as short
RISEx XAG/USDC	+0.0181%	1h	66.343	+0.032%	$1.3M	$4.5M	20x	as long as short
Variational Omni XAG	+0.0184%	4h	66.321	−0.001%	$5.6M	$9.8M	—	as long as short
Lighter XAG	+0.0192%	1h	66.362	+0.060%	$5.3M	$10.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.350	+0.042%	$1.9M	$995K	20x	as long as short
Binance XAGUSDT	+0.0196%	4h	66.385	+0.096%	$192.3M	$705.0M	100x	as long as short
MEXC SILVER_USDT	+0.0196%	4h	66.390	+0.102%	$105.9M	$153.7M	1000x	as long as short
Nado XAG-PERP	+0.0212%	1h	66.293	−0.044%	$1.3M	$6.6M	10x	as long as short
edgeX XAGUSDC	+0.0215%	4h	66.339	+0.026%	$673K	$314K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0217%	8h	66.380	+0.087%	$27.8M	$65.9M	50x	as long as short
Aftermath Perps XAGUSD	+0.0233%	1h	66.307	−0.023%	$80K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0246%	4h	66.400	+0.117%	$23.8M	$45.8M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0268%	4h	66.347	+0.038%	$402K	$1.5M	25x	as long as short
Hibachi XAG/USDT-P	+0.0272%	1h	66.320	−0.003%	$20K	$19K	10x	as long as short
Bullet SILVER-USD	+0.0279%	1h	66.362	+0.061%	$46K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0352% / S −0.0374%	1h	66.365	+0.065%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0353%	1h	66.360	+0.057%	$50K	$322K	20x	as long as short
Kraken Futures PF_XAGUSDlong	+0.0549%	1h	66.322	long leg	$915K	$671K	25x