Funding you earn now, next payment 08:00 UTC+0.0333%/8h= +36.4% APRnext payment +$0.42 per $10,000 · paid last 24h +0.079%
Price spread now: Kraken Futures against Extended+0.042%7-day average −0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$270.274% of the position
Funding, last 7 days+0.112%+$11 on $10k
+Price spread, last 4 days (all we have)−0.040%−$4 · spread now +0.042%, 7d avg −0.025%
=Together, before fees+0.071%+ Points / potential airdropExtended: Active · farm board+$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Kraken Futures is 0.067% dearer against Extended than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.025%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.112% in total (about 5.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.42 per $10,000. 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 | Extended XAG-USD | 65.026 | 0.0032 | pay 0.0004% / 1h | 6m 19s | $5.0M | $11.8M | 10x |
| Short | Kraken Futures PF_XAGUSD | 65.053 | 0.0365 | get 0.0046% / 1h | 6m 19s | $1.0M | $869K | 25x |
Extended XAG-USD
Kraken Futures PF_XAGUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Extended. 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
- $69.84
- Price spread: +0.042% → −0.025%
- $6.68
- Slippage, 4 orders
- −$12.41
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $49.1
- Costs to cover
- 0.274%
- Break-even
- 2.1 days
Slippage from Extended: live order book, 3 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 Extended live order book, 3 min ago | 0.08 bp | 2.6 bp −$3 | 5.0 bp −$50 | 10.8 bp −$1,084 | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 2.64 bp | 10.3 bp −$10 | 17.1 bp −$171 | 94.5 bp −$9,449 | 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 | −0.0025% | 1h | 64.970 | −0.086% | $5.6M | $9.9M | 25x | as long as short |
| Hotstuff SILVER-PERP | −0.0024% | 1h | 65.061 | +0.054% | $35K | $21K | 20x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 64.997 | −0.045% | $12K | $5K | 5x | as long as short |
| Bybit XAGUSDT | 0.0000% | 4h | 65.080 | +0.083% | $27.7M | $39.0M | 150x | as long as short |
| Variational Omni XAG | 0.0000% | 4h | 65.227 | +0.309% | $5.5M | $9.1M | — | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.090 | +0.099% | $2K | $2.4M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.150 | +0.191% | $1.1M | $1.3M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.100 | +0.114% | $1.5M | $278K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.004 | −0.034% | $118K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.091 | +0.100% | $4.6M | $10.0M | 25x | as long as short |
Ondo Perps XAG-USD.P
Hotstuff SILVER-PERP
dYdX XAG-USD
Bybit XAGUSDT
Variational Omni XAG
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Lighter RH XAGShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended XAG-USDlong | +0.0032% | 1h | 65.026 | long leg | $5.0M | $11.8M | 10x | |
| Gate XAG_USDT | +0.0032% | 4h | 65.080 | +0.083% | $140.2M | $181.8M | 100x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +2.113% | $11K | $94K | 52x | as long as short |
| MEXC SILVER_USDT | +0.0034% | 4h | 65.060 | +0.052% | $124.8M | $162.7M | 1000x | as long as short |
| Binance XAGUSDT | +0.0035% | 4h | 65.070 | +0.068% | $191.5M | $755.8M | 100x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 65.080 | +0.083% | $783K | $3.0M | 40x | as long as short |
| Aster XAGUSDT | +0.0042% | 4h | 65.075 | +0.076% | $2.7M | $982K | 100x | as long as short |
| QFEX SILVER-USD | +0.0044% | 1h | 65.070 | +0.068% | $170K | $1.4M | 20x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 65.483 | +0.703% | — | — | 25x | as long as short |
| Aevo XAG-PERP | +0.0048% | 1h | 65.060 | +0.052% | $47K | — | 10x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.035 | +0.014% | $3.8M | $892K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.003 | −0.035% | $3K | $6K | 20x | as long as short |
| edgeX XAGUSDC | +0.0050% | 4h | 65.251 | +0.346% | $664K | $312K | 30x | as long as short |
| Paradex XAG-USD-PERP | +0.0054% | 8h | 65.071 | +0.069% | $29K | $1K | 5x | as long as short |
| Phoenix SILVER | +0.0061% | 1h | 65.076 | +0.077% | $56K | $31K | 25x | as long as short |
| tradeXYZ xyz:SILVER | +0.0071% | 1h | 65.031 | +0.008% | $172.9M | $84.6M | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0080% | 24h | 65.055 | +0.045% | $489K | $32.2M | 8.1x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0096% | 1h | 65.030 | +0.006% | $1.6M | $1.4M | 20x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.028 | +0.003% | $463K | $598K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.040 | +0.022% | $25.2M | $4.7M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.200 | +0.268% | $111K | $19K | 50x | as long as short |
| RISEx XAG/USDC | +0.0118% | 1h | 65.082 | +0.087% | $1.3M | $4.9M | 20x | as long as short |
| BloFin XAG-USDT | +0.0136% | 4h | 65.100 | +0.114% | $2.7M | $624K | 100x | as long as short |
| GRVT XAG_USDT_Perp | +0.0144% | 4h | 65.219 | +0.297% | $394K | $1.6M | 25x | as long as short |
| Nado XAG-PERP | +0.0155% | 1h | 65.026 | 0.000% | $1.2M | $4.7M | 10x | as long as short |
| Bitget XAGUSDT | +0.0162% | 4h | 65.070 | +0.068% | $23.2M | $44.9M | 100x | as long as short |
| OKX XAG-USDT-SWAP | +0.0173% | 8h | 65.080 | +0.083% | $28.4M | $70.5M | 50x | as long as short |
| Lighter XAG | +0.0184% | 1h | 65.087 | +0.094% | $5.3M | $11.3M | 25x | as long as short |
| Aftermath Perps XAGUSD | +0.0196% | 1h | 65.088 | +0.095% | $78K | $37K | 10x | as long as short |
| Hibachi XAG/USDT-P | +0.0224% | 1h | 65.052 | +0.041% | $20K | $16K | 10x | as long as short |
| Bullet SILVER-USD | +0.0234% | 1h | 65.071 | +0.069% | $45K | $75K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0238% / S −0.0196% | 1h | 65.075 | +0.075% | $92K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSDshort | +0.0365% | 1h | 65.053 | +0.042% | $1.0M | $869K | 25x | |
| Deribit SILVER_USDC-PERPETUAL | +0.0365% | 1h | 65.060 | +0.052% | $65K | $398K | 20x | as long as short |
Gate XAG_USDT
Injective XAG/USDC PERP
MEXC SILVER_USDT
Binance XAGUSDT
StandX XAG-USD
Aster XAGUSDT
QFEX SILVER-USD
Vest SI-PERP
Aevo XAG-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
edgeX XAGUSDC
Paradex XAG-USD-PERP
Phoenix SILVER
tradeXYZ xyz:SILVER
Kalshi KXSILVERPERP
Coinbase International SILVER-PERP-INTX
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
RISEx XAG/USDC
BloFin XAG-USDT
GRVT XAG_USDT_Perp
Nado XAG-PERP
Bitget XAGUSDT
OKX XAG-USDT-SWAP
Lighter XAG
Aftermath Perps XAGUSD
Hibachi XAG/USDT-P
Bullet SILVER-USD
GMX SILVER/USD [ETH-USDC]
Deribit SILVER_USDC-PERPETUAL