Funding you earn now, next payment 05:00 UTC+0.0421%/8h= +46.1% APRpaid last 24h +0.052%
Price spread now: Kraken Futures against Binance−0.053%7-day average −0.074% · you buy dearer than you sell
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$310.307% of the position
Funding, last 7 days+0.143%+$14 on $10k
+Price spread, last 4 days (all we have)−0.087%−$9 · spread now −0.053%, 7d avg −0.074%
=Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Kraken Futures is 0.022% dearer against Binance than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.074%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.143% in total (about 7.4% 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 | Binance XAGUSDT | 65.970 | 0.0203 | pay 0.0102% / 4h | 3h 41m | $191.0M | $702.5M | 100x |
| Short | Kraken Futures PF_XAGUSD | 65.935 | 0.0625 | get 0.0078% / 1h | 41m 01s | $910K | $683K | 25x |
Binance XAGUSDT
Kraken Futures PF_XAGUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Binance. 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
- $88.48
- Price spread: −0.053% → −0.074%
- $2.16
- Slippage, 4 orders
- −$10.74
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $59.91
- Costs to cover
- 0.307%
- Break-even
- 2.3 days
Slippage from Binance: live order book, 3 min ago; Kraken Futures: live order book, 12 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 Binance live order book, 3 min ago | 0.76 bp | 5.8 bp −$6 | 5.8 bp −$58 | 8.6 bp −$860 | 20.0 bp −$10.0K |
| Sell Kraken Futures live order book, 12 min ago | 2.87 bp | 8.7 bp −$9 | 18.5 bp −$185 | 57.7 bp −$5,769 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps XAG-USD.P | −0.0046% | 1h | 65.830 | −0.212% | $5.7M | $9.3M | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.934 | −0.055% | $14K | — | 5x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 65.980 | +0.015% | $149.5M | $163.5M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.970 | 0.000% | $2K | $2.6M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.020 | +0.076% | $1.0M | $966K | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.980 | +0.015% | $1.5M | $320K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.914 | −0.085% | $120K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.956 | −0.021% | $4.8M | $9.5M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.910 | −0.091% | $5.1M | $11.5M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.652% | $11K | $94K | 52x | as long as short |
Ondo Perps XAG-USD.P
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
Injective XAG/USDC PERPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX XAG-USD | +0.0040% | 1h | 65.970 | 0.000% | $793K | $3.1M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.389 | +0.635% | — | — | 25x | as long as short |
| Hotstuff SILVER-PERP | +0.0048% | 1h | 65.922 | −0.073% | $35K | $21K | 20x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.940 | −0.045% | $3.9M | $674K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.909 | −0.092% | $3K | $6K | 20x | as long as short |
| tradeXYZ xyz:SILVER | +0.0051% | 1h | 65.927 | −0.065% | $165.9M | $73.6M | 25x | as long as short |
| QFEX SILVER-USD | +0.0060% | 1h | 65.950 | −0.030% | $114K | $2.7M | 20x | as long as short |
| Kalshi KXSILVERPERP | +0.0072% | 24h | 65.930 | −0.061% | $539K | $25.9M | 8.1x | as long as short |
| Phoenix SILVER | +0.0073% | 1h | 65.889 | −0.123% | $56K | $26K | 25x | as long as short |
| RISEx XAG/USDC | +0.0080% | 1h | 65.970 | 0.000% | $1.3M | $4.9M | 20x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.894 | −0.115% | $469K | $614K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.930 | −0.061% | $24.5M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.920 | −0.076% | $113K | $30K | 50x | as long as short |
| Lighter XAG | +0.0112% | 1h | 65.958 | −0.018% | $5.2M | $10.6M | 25x | as long as short |
| Paradex XAG-USD-PERP | +0.0119% | 8h | 65.951 | −0.028% | $30K | $1K | 5x | as long as short |
| Bybit XAGUSDT | +0.0121% | 4h | 65.990 | +0.030% | $27.4M | $36.5M | 150x | as long as short |
| Aster XAGUSDT | +0.0138% | 4h | 65.970 | 0.000% | $2.7M | $871K | 100x | as long as short |
| Nado XAG-PERP | +0.0180% | 1h | 65.919 | −0.078% | $1.4M | $6.0M | 10x | as long as short |
| Aevo XAG-PERP | +0.0184% | 1h | 65.960 | −0.016% | $47K | — | 10x | as long as short |
| Variational Omni XAG | +0.0188% | 4h | 65.963 | −0.010% | $5.6M | $9.4M | — | as long as short |
| MEXC SILVER_USDT | +0.0202% | 4h | 65.960 | −0.015% | $112.8M | $152.1M | 1000x | as long as short |
| Binance XAGUSDTlong | +0.0203% | 4h | 65.970 | long leg | $191.0M | $702.5M | 100x | |
| Deribit SILVER_USDC-PERPETUAL | +0.0205% | 1h | 65.950 | −0.030% | $75K | $363K | 20x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0208% | 1h | 65.950 | −0.030% | $1.8M | $1.0M | 20x | as long as short |
| Aftermath Perps XAGUSD | +0.0217% | 1h | 65.937 | −0.049% | $79K | $36K | 10x | as long as short |
| GRVT XAG_USDT_Perp | +0.0218% | 4h | 66.022 | +0.079% | $394K | $1.5M | 25x | as long as short |
| edgeX XAGUSDC | +0.0219% | 4h | 65.962 | −0.013% | $669K | $310K | 30x | as long as short |
| OKX XAG-USDT-SWAP | +0.0234% | 8h | 65.970 | 0.000% | $27.7M | $64.8M | 50x | as long as short |
| Bullet SILVER-USD | +0.0235% | 1h | 65.974 | +0.007% | $45K | $76K | 10x | as long as short |
| BloFin XAG-USDT | +0.0238% | 4h | 65.960 | −0.015% | $2.6M | $556K | 100x | as long as short |
| Bitget XAGUSDT | +0.0244% | 4h | 65.970 | 0.000% | $23.9M | $45.3M | 100x | as long as short |
| Hibachi XAG/USDT-P | +0.0336% | 1h | 65.912 | −0.089% | $20K | $19K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0387% / S −0.0440% | 1h | 65.975 | +0.008% | $105K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSDshort | +0.0625% | 1h | 65.935 | −0.053% | $910K | $683K | 25x |
StandX XAG-USD
Vest SI-PERP
Hotstuff SILVER-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
tradeXYZ xyz:SILVER
QFEX SILVER-USD
Kalshi KXSILVERPERP
Phoenix SILVER
RISEx XAG/USDC
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Lighter XAG
Paradex XAG-USD-PERP
Bybit XAGUSDT
Aster XAGUSDT
Nado XAG-PERP
Aevo XAG-PERP
Variational Omni XAG
MEXC SILVER_USDT
Deribit SILVER_USDC-PERPETUAL
Coinbase International SILVER-PERP-INTX
Aftermath Perps XAGUSD
GRVT XAG_USDT_Perp
edgeX XAGUSDC
OKX XAG-USDT-SWAP
Bullet SILVER-USD
BloFin XAG-USDT
Bitget XAGUSDT
Hibachi XAG/USDT-P
GMX SILVER/USD [ETH-USDC]