Funding you earn now, next payment 08:00 UTC+0.0143%/8h= +15.7% APRnext payment +$0.18 per $10,000 · paid last 24h +0.034%
Price spread now: Kraken Futures against Bullet−0.072%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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—needs both histories
Funding pays, the price is against you. Kraken Futures is 0.072% cheaper against Bullet than usual: you would sell low and buy high (spread −0.072% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 40 hours of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bullet SILVER-USD | 65.339 | 0.0220 | pay 0.0027% / 1h | 32m 57s | $45K | $75K | 10x |
| Short | Kraken Futures PF_XAGUSD | 65.292 | 0.0363 | get 0.0045% / 1h | 32m 57s | $1.0M | $868K | 25x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bullet. 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
- $30.12
- Price spread: −0.072% → 0.000%
- −$7.16
- Slippage, 4 orders
- no order book: not counted
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $4.96
- Costs to cover
- 0.180%
- Break-even
- 5.8 days
Slippage unknown: Bullet: no order-book sample; Kraken Futures: live order book, just now. 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 Bullet no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, just now | 3.17 bp | 10.3 bp −$10 | 16.4 bp −$164 | 91.2 bp −$9,119 | doesn't fit |
Bullet: 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff SILVER-PERP | −0.0056% | 1h | 65.295 | −0.067% | $35K | $21K | 20x | as long as short |
| Ondo Perps XAG-USD.P | −0.0041% | 1h | 65.240 | −0.151% | $5.6M | $9.7M | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.297 | −0.064% | $12K | $5K | 5x | as long as short |
| Bybit XAGUSDT | 0.0000% | 4h | 65.310 | −0.044% | $27.8M | $39.4M | 150x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.320 | −0.029% | $2K | $2.5M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.370 | +0.048% | $1.1M | $1.3M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.320 | −0.029% | $1.5M | $281K | 100x | as long as short |
| Variational Omni XAG | 0.0000% | 4h | 65.332 | −0.010% | $5.5M | $9.1M | — | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.268 | −0.108% | $118K | — | 250x | as long as short |
| Aster XAGUSDT | +0.0024% | 4h | 65.312 | −0.042% | $2.7M | $928K | 100x | as long as short |
Show all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SILVER_USDT | +0.0026% | 4h | 65.280 | −0.090% | $119.1M | $157.4M | 1000x | as long as short |
| Binance XAGUSDT | +0.0027% | 4h | 65.306 | −0.051% | $191.6M | $753.7M | 100x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.310 | −0.045% | $4.6M | $9.8M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.240 | −0.152% | $5.1M | $11.6M | 10x | as long as short |
| edgeX XAGUSDC | +0.0032% | 4h | 65.342 | +0.004% | $665K | $313K | 30x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +1.624% | $11K | $94K | 52x | as long as short |
| Gate XAG_USDT | +0.0034% | 4h | 65.320 | −0.029% | $140.7M | $178.3M | 100x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 65.350 | +0.017% | $786K | $2.9M | 40x | as long as short |
| Aevo XAG-PERP | +0.0040% | 1h | 65.316 | −0.035% | $47K | — | 10x | as long as short |
| QFEX SILVER-USD | +0.0044% | 1h | 65.330 | −0.014% | $157K | $1.4M | 20x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 65.748 | +0.626% | — | — | 25x | as long as short |
| tradeXYZ xyz:SILVER | +0.0050% | 1h | 65.264 | −0.115% | $169.6M | $81.7M | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.296 | −0.066% | $3.8M | $856K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.267 | −0.110% | $3K | $6K | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0052% | 8h | 65.310 | −0.044% | $29K | $1K | 5x | as long as short |
| Phoenix SILVER | +0.0061% | 1h | 65.316 | −0.035% | $56K | $31K | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0079% | 24h | 65.299 | −0.061% | $518K | $31.7M | 8.1x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0096% | 1h | 65.300 | −0.060% | $1.6M | $1.4M | 20x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.271 | −0.104% | $464K | $611K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.280 | −0.090% | $25.3M | $4.7M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.310 | −0.044% | $112K | $19K | 50x | as long as short |
| BloFin XAG-USDT | +0.0107% | 4h | 65.350 | +0.017% | $2.7M | $574K | 100x | as long as short |
| RISEx XAG/USDC | +0.0118% | 1h | 65.337 | −0.004% | $1.2M | $4.8M | 20x | as long as short |
| GRVT XAG_USDT_Perp | +0.0130% | 4h | 65.372 | +0.050% | $384K | $1.6M | 25x | as long as short |
| Bitget XAGUSDT | +0.0152% | 4h | 65.280 | −0.090% | $23.2M | $44.7M | 100x | as long as short |
| Nado XAG-PERP | +0.0159% | 1h | 65.286 | −0.082% | $1.2M | $4.7M | 10x | as long as short |
| Lighter XAG | +0.0160% | 1h | 65.314 | −0.038% | $5.3M | $11.1M | 25x | as long as short |
| OKX XAG-USDT-SWAP | +0.0166% | 8h | 65.310 | −0.044% | $28.2M | $69.8M | 50x | as long as short |
| Aftermath Perps XAGUSD | +0.0182% | 1h | 65.309 | −0.045% | $79K | $37K | 10x | as long as short |
| Hibachi XAG/USDT-P | +0.0184% | 1h | 65.313 | −0.040% | $20K | $17K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0210% | 1h | 65.310 | −0.044% | $65K | $391K | 20x | as long as short |
| Bullet SILVER-USDlong | +0.0220% | 1h | 65.339 | long leg | $45K | $75K | 10x | |
| GMX SILVER/USD [ETH-USDC] | L +0.0238% / S −0.0196% | 1h | 65.335 | −0.006% | $93K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSDshort | +0.0363% | 1h | 65.292 | −0.072% | $1.0M | $868K | 25x |
Bullet SILVER-USD
Kraken Futures PF_XAGUSD
Bybit XAGUSDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
Variational Omni XAG
gTrade (Gains Network) XAG/USD
Aster XAGUSDT
MEXC SILVER_USDT
Binance XAGUSDT
Lighter RH XAG
Extended XAG-USD
edgeX XAGUSDC
Injective XAG/USDC PERP
Gate XAG_USDT
StandX XAG-USD
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
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
BloFin XAG-USDT
RISEx XAG/USDC
GRVT XAG_USDT_Perp
Bitget XAGUSDT
Lighter XAG
OKX XAG-USDT-SWAP
Aftermath Perps XAGUSD
Deribit SILVER_USDC-PERPETUAL
GMX SILVER/USD [ETH-USDC]