Funding you earn now, next payment 02:00 UTC+0.0462%/8h= +50.6% APRpaid last 24h +0.085%
Price spread now: Kraken Futures against HTX−0.082%7-day average −0.126% · you buy dearer than you sell
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$380.384% of the position
Funding, last 7 days+0.204%+$20 on $10k
+Price spread, last 3 days (all we have)−0.026%−$3 · spread now −0.082%, 7d avg −0.126%
=Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Kraken Futures is 0.044% dearer against HTX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.126%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.204% in total (about 10.7% 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 | HTX XAG-USDT | 66.500 | 0 | get 0.0000% / 4h | 2h 35m | $1.1M | $1.1M | 75x |
| Short | Kraken Futures PF_XAGUSD | 66.445 | 0.0462 | get 0.0058% / 1h | 35m 09s | $766K | $482K | 25x |
HTX XAG-USDT
Kraken Futures PF_XAGUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against HTX. 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
- $96.98
- Price spread: −0.082% → −0.126%
- $4.38
- Slippage, 4 orders
- −$16.41
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $62.95
- Costs to cover
- 0.384%
- Break-even
- 2.5 days
Slippage from HTX: live order book, 4 min ago; Kraken Futures: live order book, 33 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 HTX live order book, 4 min ago | 3.76 bp | 9.8 bp −$10 | 9.8 bp −$98 | 13.4 bp −$1,342 | doesn't fit |
| Sell Kraken Futures live order book, 33 min ago | 2.75 bp | 8.6 bp −$9 | 16.6 bp −$166 | 52.0 bp −$5,197 | 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 | −0.0008% | 1h | 66.447 | −0.080% | $35K | $21K | 20x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 66.356 | −0.216% | $15K | — | 5x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.480 | −0.030% | $153.5M | $162.5M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.500 | 0.000% | $2K | $2.8M | 20x | as long as short |
| HTX XAG-USDTlong | 0.0000% | 4h | 66.500 | long leg | $1.1M | $1.1M | 75x | |
| Phemex XAGUSDT | 0.0000% | 4h | 66.470 | −0.045% | $1.5M | $250K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.406 | −0.142% | $120K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.442 | −0.087% | $4.8M | $9.5M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.401 | −0.149% | $5.4M | $12.2M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | −0.150% | $11K | $94K | 52x | as long as short |
Hotstuff SILVER-PERP
dYdX XAG-USD
Gate XAG_USDT
SunX 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 | 66.410 | −0.135% | $799K | $2.9M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.883 | +0.576% | — | — | 25x | as long as short |
| Phoenix SILVER | +0.0048% | 1h | 66.346 | −0.232% | $56K | $26K | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.440 | −0.090% | $3.9M | $669K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.393 | −0.161% | $3K | $6K | 20x | as long as short |
| Ondo Perps XAG-USD.P | +0.0050% | 1h | 66.380 | −0.180% | $5.7M | $9.6M | 25x | as long as short |
| QFEX SILVER-USD | +0.0054% | 1h | 66.460 | −0.060% | $115K | $2.7M | 20x | as long as short |
| Kalshi KXSILVERPERP | +0.0061% | 24h | 66.421 | −0.119% | $631K | $23.3M | 8.1x | as long as short |
| RISEx XAG/USDC | +0.0079% | 1h | 66.489 | −0.017% | $1.3M | $4.3M | 20x | as long as short |
| Bybit XAGUSDT | +0.0092% | 4h | 66.490 | −0.015% | $26.4M | $35.9M | 150x | as long as short |
| tradeXYZ xyz:SILVER | +0.0095% | 1h | 66.436 | −0.096% | $165.9M | $76.0M | 25x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.432 | −0.102% | $473K | $605K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.420 | −0.120% | $24.6M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.310 | −0.286% | $126K | $23K | 50x | as long as short |
| BloFin XAG-USDT | +0.0103% | 4h | 66.570 | +0.105% | $2.6M | $624K | 100x | as long as short |
| Aster XAGUSDT | +0.0117% | 4h | 66.473 | −0.041% | $2.8M | $962K | 100x | as long as short |
| Paradex XAG-USD-PERP | +0.0124% | 8h | 66.460 | −0.059% | $30K | $1K | 5x | as long as short |
| Variational Omni XAG | +0.0140% | 4h | 66.405 | −0.143% | $5.5M | $9.8M | — | as long as short |
| Aevo XAG-PERP | +0.0144% | 1h | 66.461 | −0.058% | $48K | — | 10x | as long as short |
| MEXC SILVER_USDT | +0.0152% | 4h | 66.460 | −0.060% | $102.4M | $158.1M | 1000x | as long as short |
| Binance XAGUSDT | +0.0156% | 4h | 66.470 | −0.045% | $192.9M | $707.9M | 100x | as long as short |
| edgeX XAGUSDC | +0.0166% | 4h | 66.514 | +0.020% | $675K | $314K | 30x | as long as short |
| Lighter XAG | +0.0176% | 1h | 66.455 | −0.067% | $5.3M | $10.5M | 25x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0184% | 1h | 66.520 | +0.030% | $1.9M | $967K | 20x | as long as short |
| OKX XAG-USDT-SWAP | +0.0199% | 8h | 66.470 | −0.045% | $28.0M | $65.9M | 50x | as long as short |
| Aftermath Perps XAGUSD | +0.0219% | 1h | 66.432 | −0.103% | $80K | $38K | 10x | as long as short |
| Nado XAG-PERP | +0.0228% | 1h | 66.393 | −0.161% | $1.3M | $6.5M | 10x | as long as short |
| Bitget XAGUSDT | +0.0228% | 4h | 66.470 | −0.045% | $24.0M | $46.1M | 100x | as long as short |
| GRVT XAG_USDT_Perp | +0.0242% | 4h | 66.526 | +0.038% | $391K | $1.5M | 25x | as long as short |
| Hibachi XAG/USDT-P | +0.0272% | 1h | 66.302 | −0.298% | $20K | $22K | 10x | as long as short |
| Bullet SILVER-USD | +0.0282% | 1h | 66.474 | −0.039% | $45K | $76K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0292% / S −0.0281% | 1h | 66.485 | −0.023% | $103K | — | 111x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0352% | 1h | 66.440 | −0.090% | $50K | $325K | 20x | as long as short |
| Kraken Futures PF_XAGUSDshort | +0.0462% | 1h | 66.445 | −0.082% | $766K | $482K | 25x |
StandX XAG-USD
Vest SI-PERP
Phoenix SILVER
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Ondo Perps XAG-USD.P
QFEX SILVER-USD
Kalshi KXSILVERPERP
RISEx XAG/USDC
Bybit XAGUSDT
tradeXYZ xyz:SILVER
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
BloFin XAG-USDT
Aster XAGUSDT
Paradex XAG-USD-PERP
Variational Omni XAG
Aevo XAG-PERP
MEXC SILVER_USDT
Binance XAGUSDT
edgeX XAGUSDC
Lighter XAG
Coinbase International SILVER-PERP-INTX
OKX XAG-USDT-SWAP
Aftermath Perps XAGUSD
Nado XAG-PERP
Bitget XAGUSDT
GRVT XAG_USDT_Perp
Hibachi XAG/USDT-P
Bullet SILVER-USD
GMX SILVER/USD [ETH-USDC]
Deribit SILVER_USDC-PERPETUAL