Funding you earn now, next payment 02:00 UTC+0.0401%/8h= +43.9% APRpaid last 24h +0.085%
Price spread now: Kraken Futures against Kalshi−0.044%7-day average +0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$320.316% of the position
Funding, last 7 days+0.204%+$20 on $10k
+Price spread, last 3 days (all we have)+0.052%+$5 · spread now −0.044%, 7d avg +0.026%
=Funding pays, the price is against you. Kraken Futures is 0.070% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.044% now, against its 7-day average of +0.026%). If the spread goes back, that is −$7 on $10k: about 14 hours of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.204% in total) that is about 2.4 days.
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 | Kalshi KXSILVERPERP | 66.304 | 0.0062 | pay 0.0186% / 24h | 12h 13m | $610K | $24.1M | 8.1x |
| Short | Kraken Futures PF_XAGUSD | 66.275 | 0.0463 | get 0.0058% / 1h | 13m 12s | $764K | $478K | 25x |
Kalshi KXSILVERPERP
Kraken Futures PF_XAGUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Kalshi. 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
- $84.21
- Price spread: −0.044% → +0.026%
- −$7.02
- Slippage, 4 orders
- −$11.57
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $45.62
- Costs to cover
- 0.316%
- Break-even
- 3.2 days
Slippage from Kalshi: live order book, 6 min ago; Kraken Futures: live order book, 55 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 Kalshi live order book, 6 min ago | 0.08 bp | 5.2 bp −$5 | 5.3 bp −$53 | 9.2 bp −$921 | doesn't fit |
| Sell Kraken Futures live order book, 55 min ago | 2.75 bp | 8.6 bp −$9 | 16.6 bp −$166 | 52.0 bp −$5,197 | doesn't fit |
XAG on 43 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX XAG-USD | 0.0000% | 1h | 66.296 | −0.012% | $15K | — | 5x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.320 | +0.024% | $153.1M | $164.5M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.330 | +0.039% | $2K | $2.8M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.350 | +0.069% | $1.0M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.370 | +0.100% | $1.5M | $250K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.249 | −0.083% | $120K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.304 | 0.000% | $4.8M | $9.5M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.248 | −0.084% | $5.4M | $12.1M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.145% | $11K | $94K | 52x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 66.410 | +0.160% | $799K | $2.9M | 40x | as long as short |
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 PERP
StandX XAG-USDShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest SI-PERP | +0.0046% | 1h | 66.762 | +0.691% | — | — | 25x | as long as short |
| Ondo Perps XAG-USD.P | +0.0047% | 1h | 66.220 | −0.127% | $5.7M | $9.6M | 25x | as long as short |
| Phoenix SILVER | +0.0048% | 1h | 66.297 | −0.011% | $56K | $26K | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.286 | −0.027% | $3.9M | $669K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.247 | −0.086% | $3K | $6K | 20x | as long as short |
| QFEX SILVER-USD | +0.0054% | 1h | 66.310 | +0.009% | $115K | $2.7M | 20x | as long as short |
| Kalshi KXSILVERPERPlong | +0.0062% | 24h | 66.304 | long leg | $610K | $24.1M | 8.1x | |
| RISEx XAG/USDC | +0.0079% | 1h | 66.330 | +0.039% | $1.2M | $4.4M | 20x | as long as short |
| tradeXYZ xyz:SILVER | +0.0099% | 1h | 66.278 | −0.039% | $165.8M | $76.2M | 25x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.296 | −0.012% | $472K | $606K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.280 | −0.036% | $24.5M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.350 | +0.069% | $126K | $23K | 50x | as long as short |
| Hotstuff SILVER-PERP | +0.0112% | 1h | 66.316 | +0.018% | $35K | $21K | 20x | as long as short |
| Bybit XAGUSDT | +0.0131% | 4h | 66.350 | +0.069% | $26.6M | $36.4M | 150x | as long as short |
| Aster XAGUSDT | +0.0132% | 4h | 66.306 | +0.003% | $2.7M | $942K | 100x | as long as short |
| Paradex XAG-USD-PERP | +0.0137% | 8h | 66.338 | +0.051% | $30K | $1K | 5x | as long as short |
| Variational Omni XAG | +0.0166% | 4h | 66.373 | +0.104% | $5.5M | $9.8M | — | as long as short |
| Aevo XAG-PERP | +0.0168% | 1h | 66.307 | +0.004% | $48K | — | 10x | as long as short |
| MEXC SILVER_USDT | +0.0180% | 4h | 66.320 | +0.024% | $102.7M | $158.6M | 1000x | as long as short |
| Binance XAGUSDT | +0.0181% | 4h | 66.335 | +0.047% | $192.1M | $706.8M | 100x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0184% | 1h | 66.410 | +0.160% | $1.9M | $971K | 20x | as long as short |
| Lighter XAG | +0.0192% | 1h | 66.315 | +0.017% | $5.3M | $10.6M | 25x | as long as short |
| edgeX XAGUSDC | +0.0197% | 4h | 66.404 | +0.152% | $674K | $315K | 30x | as long as short |
| OKX XAG-USDT-SWAP | +0.0212% | 8h | 66.350 | +0.069% | $28.0M | $65.7M | 50x | as long as short |
| Hibachi XAG/USDT-P | +0.0224% | 1h | 66.320 | +0.024% | $20K | $22K | 10x | as long as short |
| Nado XAG-PERP | +0.0225% | 1h | 66.306 | +0.003% | $1.3M | $6.5M | 10x | as long as short |
| Aftermath Perps XAGUSD | +0.0237% | 1h | 66.322 | +0.027% | $80K | $38K | 10x | as long as short |
| Bitget XAGUSDT | +0.0248% | 4h | 66.330 | +0.039% | $23.9M | $46.1M | 100x | as long as short |
| GRVT XAG_USDT_Perp | +0.0266% | 4h | 66.378 | +0.112% | $395K | $1.5M | 25x | as long as short |
| Bullet SILVER-USD | +0.0287% | 1h | 66.329 | +0.037% | $46K | $76K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0291% / S −0.0281% | 1h | 66.325 | +0.032% | $103K | — | 111x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0354% | 1h | 66.310 | +0.009% | $50K | $325K | 20x | as long as short |
| Kraken Futures PF_XAGUSDshort | +0.0463% | 1h | 66.275 | −0.044% | $764K | $478K | 25x |
Vest SI-PERP
Ondo Perps XAG-USD.P
Phoenix SILVER
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
QFEX SILVER-USD
RISEx XAG/USDC
tradeXYZ xyz:SILVER
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Hotstuff SILVER-PERP
Bybit XAGUSDT
Aster XAGUSDT
Paradex XAG-USD-PERP
Variational Omni XAG
Aevo XAG-PERP
MEXC SILVER_USDT
Binance XAGUSDT
Coinbase International SILVER-PERP-INTX
Lighter XAG
edgeX XAGUSDC
OKX XAG-USDT-SWAP
Hibachi XAG/USDT-P
Nado XAG-PERP
Aftermath Perps XAGUSD
Bitget XAGUSDT
GRVT XAG_USDT_Perp
Bullet SILVER-USD
GMX SILVER/USD [ETH-USDC]
Deribit SILVER_USDC-PERPETUAL