Settings8H · net · $10k
Funding arb · Price arb /

XAG

RWAall XAG markets
SwapBacktest
Alert: funding
Alert: spread
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
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 daysno price history on both exchanges yet
Together, before feesneeds 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).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBullet SILVER-USD65.3390.0220pay 0.0027% / 1h32m 57s$45K$75K10x
ShortKraken Futures PF_XAGUSD65.2920.0363get 0.0045% / 1h32m 57s$1.0M$868K25x

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 it
latest
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
LegHalf-spread$10k$100k$1M$5M
Buy Bullet no order-book sample
Sell Kraken Futures live order book, just now3.17 bp10.3 bp −$1016.4 bp −$16491.2 bp −$9,119doesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff SILVER-PERP−0.0056%1h65.295−0.067%$35K$21K20xas long as short
Ondo Perps XAG-USD.P−0.0041%1h65.240−0.151%$5.6M$9.7M25xas long as short
dYdX XAG-USD0.0000%1h65.297−0.064%$12K$5K5xas long as short
Bybit XAGUSDT0.0000%4h65.310−0.044%$27.8M$39.4M150xas long as short
SunX XAG-USDT0.0000%4h65.320−0.029%$2K$2.5M20xas long as short
HTX XAG-USDT0.0000%4h65.370+0.048%$1.1M$1.3M75xas long as short
Phemex XAGUSDT0.0000%4h65.320−0.029%$1.5M$281K100xas long as short
Variational Omni XAG0.0000%4h65.332−0.010%$5.5M$9.1Mas long as short
gTrade (Gains Network) XAG/USDL +0.0004% / S −0.0006%1h65.268−0.108%$118K250xas long as short
Aster XAGUSDT+0.0024%4h65.312−0.042%$2.7M$928K100xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC SILVER_USDT+0.0026%4h65.280−0.090%$119.1M$157.4M1000xas long as short
Binance XAGUSDT+0.0027%4h65.306−0.051%$191.6M$753.7M100xas long as short
Lighter RH XAG+0.0032%1h65.310−0.045%$4.6M$9.8M25xas long as short
Extended XAG-USD+0.0032%1h65.240−0.152%$5.1M$11.6M10xas long as short
edgeX XAGUSDC+0.0032%4h65.342+0.004%$665K$313K30xas long as short
Injective XAG/USDC PERP+0.0033%1h66.400+1.624%$11K$94K52xas long as short
Gate XAG_USDT+0.0034%4h65.320−0.029%$140.7M$178.3M100xas long as short
StandX XAG-USD+0.0040%1h65.350+0.017%$786K$2.9M40xas long as short
Aevo XAG-PERP+0.0040%1h65.316−0.035%$47K10xas long as short
QFEX SILVER-USD+0.0044%1h65.330−0.014%$157K$1.4M20xas long as short
Vest SI-PERP+0.0046%1h65.748+0.626%25xas long as short
tradeXYZ xyz:SILVER+0.0050%1h65.264−0.115%$169.6M$81.7M25xas long as short
Polymarket Perps SILVER-USD+0.0050%1h65.296−0.066%$3.8M$856K20xas long as short
SoDEX SILVER-USD+0.0050%1h65.267−0.110%$3K$6K20xas long as short
Paradex XAG-USD-PERP+0.0052%8h65.310−0.044%$29K$1K5xas long as short
Phoenix SILVER+0.0061%1h65.316−0.035%$56K$31K25xas long as short
Kalshi KXSILVERPERP+0.0079%24h65.299−0.061%$518K$31.7M8.1xas long as short
Coinbase International SILVER-PERP-INTX+0.0096%1h65.300−0.060%$1.6M$1.4M20xas long as short
Pacifica XAG+0.0100%1h65.271−0.104%$464K$611K10xas long as short
KuCoin XAGUSDTM+0.0100%4h65.280−0.090%$25.3M$4.7M75xas long as short
ApeX Omni XAGUSDT+0.0100%1h65.310−0.044%$112K$19K50xas long as short
BloFin XAG-USDT+0.0107%4h65.350+0.017%$2.7M$574K100xas long as short
RISEx XAG/USDC+0.0118%1h65.337−0.004%$1.2M$4.8M20xas long as short
GRVT XAG_USDT_Perp+0.0130%4h65.372+0.050%$384K$1.6M25xas long as short
Bitget XAGUSDT+0.0152%4h65.280−0.090%$23.2M$44.7M100xas long as short
Nado XAG-PERP+0.0159%1h65.286−0.082%$1.2M$4.7M10xas long as short
Lighter XAG+0.0160%1h65.314−0.038%$5.3M$11.1M25xas long as short
OKX XAG-USDT-SWAP+0.0166%8h65.310−0.044%$28.2M$69.8M50xas long as short
Aftermath Perps XAGUSD+0.0182%1h65.309−0.045%$79K$37K10xas long as short
Hibachi XAG/USDT-P+0.0184%1h65.313−0.040%$20K$17K10xas long as short
Deribit SILVER_USDC-PERPETUAL+0.0210%1h65.310−0.044%$65K$391K20xas long as short
Bullet SILVER-USDlong+0.0220%1h65.339long leg$45K$75K10x
GMX SILVER/USD [ETH-USDC]L +0.0238% / S −0.0196%1h65.335−0.006%$93K111xas long as short
Kraken Futures PF_XAGUSDshort+0.0363%1h65.292−0.072%$1.0M$868K25x