Funding you earn now, next payment 08:00 UTC+0.0263%/8h= +28.8% APRpaid last 24h +0.069%
Price spread now: Kraken Futures against KuCoin+0.030%7-day average −0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$350.353% of the position
Funding, last 7 days+0.089%+$9 on $10k
+Price spread, last 4 days (all we have)−0.036%−$4 · spread now +0.030%, 7d avg −0.014%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Kraken Futures is 0.044% dearer against KuCoin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.014%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.089% in total (about 4.6% a year). A funding rate is set anew for every payment. 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 | KuCoin XAGUSDTM | 65.250 | 0.0100 | pay 0.0050% / 4h | 30m 53s | $25.3M | $4.7M | 75x |
| Short | Kraken Futures PF_XAGUSD | 65.270 | 0.0363 | get 0.0045% / 1h | 30m 53s | $1.0M | $868K | 25x |
KuCoin XAGUSDTM
Kraken Futures PF_XAGUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against KuCoin. 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
- $55.3
- Price spread: +0.030% → −0.014%
- $4.42
- Slippage, 4 orders
- −$13.31
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $24.41
- Costs to cover
- 0.353%
- Break-even
- 3.9 days
Slippage from KuCoin: live order book, 8 min ago; Kraken Futures: live order book, 2 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 KuCoin live order book, 8 min ago | 0.77 bp | 8.4 bp −$8 | 16.0 bp −$160 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 3.17 bp | 10.3 bp −$10 | 16.4 bp −$164 | 91.2 bp −$9,119 | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff SILVER-PERP | −0.0056% | 1h | 65.295 | +0.069% | $35K | $21K | 20x | as long as short |
| Ondo Perps XAG-USD.P | −0.0036% | 1h | 65.190 | −0.092% | $5.6M | $9.7M | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.242 | −0.012% | $12K | $5K | 5x | as long as short |
| Bybit XAGUSDT | 0.0000% | 4h | 65.290 | +0.061% | $27.7M | $39.3M | 150x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.290 | +0.061% | $2K | $2.5M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.350 | +0.153% | $1.1M | $1.3M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.320 | +0.107% | $1.5M | $281K | 100x | as long as short |
| Variational Omni XAG | 0.0000% | 4h | 65.332 | +0.126% | $5.5M | $9.1M | — | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.241 | −0.013% | $118K | — | 250x | as long as short |
| Aster XAGUSDT | +0.0024% | 4h | 65.290 | +0.061% | $2.7M | $928K | 100x | as long as short |
Hotstuff SILVER-PERP
Ondo Perps XAG-USD.P
dYdX XAG-USD
Bybit XAGUSDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
Variational Omni XAG
gTrade (Gains Network) XAG/USD
Aster XAGUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance XAGUSDT | +0.0026% | 4h | 65.290 | +0.061% | $191.5M | $753.7M | 100x | as long as short |
| MEXC SILVER_USDT | +0.0026% | 4h | 65.270 | +0.031% | $120.7M | $157.7M | 1000x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.302 | +0.080% | $4.6M | $9.8M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.230 | −0.030% | $5.0M | $11.6M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +1.762% | $11K | $94K | 52x | as long as short |
| Gate XAG_USDT | +0.0034% | 4h | 65.310 | +0.092% | $140.7M | $178.4M | 100x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 65.330 | +0.123% | $786K | $2.9M | 40x | as long as short |
| Aevo XAG-PERP | +0.0040% | 1h | 65.292 | +0.065% | $47K | — | 10x | as long as short |
| edgeX XAGUSDC | +0.0044% | 4h | 65.324 | +0.113% | $665K | $314K | 30x | as long as short |
| QFEX SILVER-USD | +0.0044% | 1h | 65.290 | +0.061% | $157K | $1.4M | 20x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 65.717 | +0.716% | — | — | 25x | as long as short |
| tradeXYZ xyz:SILVER | +0.0050% | 1h | 65.260 | +0.015% | $169.6M | $81.7M | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.272 | +0.034% | $3.8M | $856K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.244 | −0.009% | $3K | $6K | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0052% | 8h | 65.286 | +0.056% | $29K | $1K | 5x | as long as short |
| Phoenix SILVER | +0.0061% | 1h | 65.316 | +0.101% | $56K | $31K | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0079% | 24h | 65.277 | +0.041% | $466K | $31.8M | 8.1x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0096% | 1h | 65.300 | +0.077% | $1.6M | $1.4M | 20x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.255 | +0.008% | $464K | $611K | 10x | as long as short |
| KuCoin XAGUSDTMlong | +0.0100% | 4h | 65.250 | long leg | $25.3M | $4.7M | 75x | |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.240 | −0.015% | $111K | $19K | 50x | as long as short |
| BloFin XAG-USDT | +0.0103% | 4h | 65.320 | +0.107% | $2.7M | $574K | 100x | as long as short |
| RISEx XAG/USDC | +0.0118% | 1h | 65.315 | +0.099% | $1.2M | $4.8M | 20x | as long as short |
| GRVT XAG_USDT_Perp | +0.0130% | 4h | 65.372 | +0.187% | $384K | $1.6M | 25x | as long as short |
| Bitget XAGUSDT | +0.0152% | 4h | 65.280 | +0.046% | $23.2M | $44.7M | 100x | as long as short |
| Nado XAG-PERP | +0.0159% | 1h | 65.274 | +0.037% | $1.2M | $4.7M | 10x | as long as short |
| Lighter XAG | +0.0160% | 1h | 65.303 | +0.081% | $5.3M | $11.1M | 25x | as long as short |
| OKX XAG-USDT-SWAP | +0.0166% | 8h | 65.290 | +0.061% | $28.2M | $69.8M | 50x | as long as short |
| Aftermath Perps XAGUSD | +0.0183% | 1h | 65.293 | +0.066% | $78K | $37K | 10x | as long as short |
| Hibachi XAG/USDT-P | +0.0184% | 1h | 65.255 | +0.008% | $20K | $17K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0210% | 1h | 65.290 | +0.061% | $65K | $391K | 20x | as long as short |
| Bullet SILVER-USD | +0.0220% | 1h | 65.305 | +0.084% | $45K | $75K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0238% / S −0.0196% | 1h | 65.305 | +0.084% | $93K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSDshort | +0.0363% | 1h | 65.270 | +0.030% | $1.0M | $868K | 25x |
Binance XAGUSDT
MEXC SILVER_USDT
Lighter RH XAG
Extended XAG-USD
Injective XAG/USDC PERP
Gate XAG_USDT
StandX XAG-USD
Aevo XAG-PERP
edgeX XAGUSDC
QFEX SILVER-USD
Vest SI-PERP
tradeXYZ xyz:SILVER
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Paradex XAG-USD-PERP
Phoenix SILVER
Kalshi KXSILVERPERP
Coinbase International SILVER-PERP-INTX
Pacifica XAG
ApeX Omni XAGUSDT
BloFin XAG-USDT
RISEx XAG/USDC
GRVT XAG_USDT_Perp
Bitget XAGUSDT
Nado XAG-PERP
Lighter XAG
OKX XAG-USDT-SWAP
Aftermath Perps XAGUSD
Hibachi XAG/USDT-P
Deribit SILVER_USDC-PERPETUAL
Bullet SILVER-USD
GMX SILVER/USD [ETH-USDC]