Funding you earn now, next payment 04:00 UTC+0.0115%/8h= +12.6% APRpaid last 24h +0.028%
Price spread now: Variational Omni against Kalshi+0.059%55s7-day average +0.109% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.030%+$3 on $10k
+Price spread, last 7 days+0.046%+$5 · spread now +0.059%, 7d avg +0.109%
=Together, before fees+0.077%+ Points / potential airdropVariational Omni: Active · farm board+$8 on $10k · with fees, hour by hour
Funding pays, the price is against you. Variational Omni is 0.049% cheaper against Kalshi than usual: you would sell low and buy high (spread +0.059% now, against its 7-day average of +0.109%). If the spread goes back, that is −$5 on $10k: about 34 hours of funding at the current rate (+$3 a day). At the pace of the last 3 days (+0.030% in total) that is about 5.6 days. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXSILVERPERP | 66.282 | 0.0064 | pay 0.0193% / 24h | 11h 30m | $571K | $24.5M | 8.1x |
| Short | Variational Omni XAG | 66.321 | 0.0179 | get 0.0090% / 4h | 1h 30m | $5.6M | $9.8M | — |
Kalshi KXSILVERPERP
Variational Omni XAGFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- $24.09
- Price spread: +0.059% → +0.109%
- −$4.93
- Slippage, 4 orders
- no order book: not counted
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $9.16
- Costs to cover
- 0.100%
- Break-even
- 4.3 days
Slippage unknown: Kalshi: live order book, 4 min ago; Variational Omni: RFQ quote, 4 min ago. 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 Kalshi live order book, 4 min ago | 0.75 bp | 6.2 bp −$6 | 6.5 bp −$65 | 9.8 bp −$976 | doesn't fit |
| Sell Variational Omni RFQ quote, 4 min ago | 2.57 bp | doesn't fit | 2.7 bp −$27 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX XAG-USD | 0.0000% | 1h | 66.279 | −0.004% | $15K | — | 5x | as long as short |
| Hotstuff SILVER-PERP | 0.0000% | 1h | 66.301 | +0.029% | $35K | $21K | 20x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.370 | +0.133% | $150.5M | $163.8M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.350 | +0.103% | $2K | $2.7M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.360 | +0.118% | $1.1M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.360 | +0.118% | $1.5M | $251K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.290 | +0.013% | $121K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.339 | +0.086% | $4.8M | $9.4M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.288 | +0.009% | $5.2M | $12.2M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.178% | $11K | $94K | 52x | as long as short |
dYdX XAG-USD
Hotstuff SILVER-PERP
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 PERPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX XAG-USD | +0.0040% | 1h | 66.280 | −0.003% | $797K | $2.9M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.780 | +0.751% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.325 | +0.065% | $3.9M | $672K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.285 | +0.005% | $3K | $6K | 20x | as long as short |
| Ondo Perps XAG-USD.P | +0.0050% | 1h | 66.250 | −0.048% | $5.7M | $9.8M | 25x | as long as short |
| QFEX SILVER-USD | +0.0062% | 1h | 66.340 | +0.088% | $115K | $2.7M | 20x | as long as short |
| Kalshi KXSILVERPERPlong | +0.0064% | 24h | 66.282 | long leg | $571K | $24.5M | 8.1x | |
| Phoenix SILVER | +0.0084% | 1h | 66.244 | −0.057% | $56K | $26K | 25x | as long as short |
| tradeXYZ xyz:SILVER | +0.0094% | 1h | 66.324 | +0.063% | $166.1M | $74.1M | 25x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.285 | +0.005% | $472K | $607K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.310 | +0.042% | $24.5M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.210 | −0.109% | $113K | $30K | 50x | as long as short |
| Paradex XAG-USD-PERP | +0.0135% | 8h | 66.344 | +0.094% | $30K | $1K | 5x | as long as short |
| Aster XAGUSDT | +0.0137% | 4h | 66.350 | +0.103% | $2.7M | $877K | 100x | as long as short |
| BloFin XAG-USDT | +0.0149% | 4h | 66.300 | +0.027% | $2.6M | $553K | 100x | as long as short |
| Bybit XAGUSDT | +0.0164% | 4h | 66.380 | +0.148% | $26.9M | $36.2M | 150x | as long as short |
| Aevo XAG-PERP | +0.0176% | 1h | 66.352 | +0.105% | $48K | — | 10x | as long as short |
| Variational Omni XAGshort | +0.0179% | 4h | 66.321 | +0.059% | $5.6M | $9.8M | — | |
| RISEx XAG/USDC | +0.0181% | 1h | 66.359 | +0.116% | $1.3M | $4.5M | 20x | as long as short |
| Lighter XAG | +0.0184% | 1h | 66.338 | +0.084% | $5.3M | $10.5M | 25x | as long as short |
| MEXC SILVER_USDT | +0.0192% | 4h | 66.360 | +0.118% | $111.3M | $152.2M | 1000x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0192% | 1h | 66.250 | −0.048% | $1.9M | $980K | 20x | as long as short |
| Binance XAGUSDT | +0.0195% | 4h | 66.360 | +0.118% | $192.3M | $706.3M | 100x | as long as short |
| edgeX XAGUSDC | +0.0198% | 4h | 66.273 | −0.013% | $672K | $315K | 30x | as long as short |
| Nado XAG-PERP | +0.0214% | 1h | 66.299 | +0.025% | $1.3M | $6.5M | 10x | as long as short |
| OKX XAG-USDT-SWAP | +0.0216% | 8h | 66.360 | +0.118% | $27.8M | $65.9M | 50x | as long as short |
| Aftermath Perps XAGUSD | +0.0234% | 1h | 66.236 | −0.069% | $80K | $37K | 10x | as long as short |
| Bitget XAGUSDT | +0.0248% | 4h | 66.360 | +0.118% | $23.8M | $45.9M | 100x | as long as short |
| GRVT XAG_USDT_Perp | +0.0264% | 4h | 66.280 | −0.003% | $402K | $1.5M | 25x | as long as short |
| Hibachi XAG/USDT-P | +0.0264% | 1h | 66.282 | 0.000% | $20K | $22K | 10x | as long as short |
| Bullet SILVER-USD | +0.0280% | 1h | 66.358 | +0.115% | $45K | $75K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0348% / S −0.0368% | 1h | 66.365 | +0.125% | $103K | — | 111x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0353% | 1h | 66.340 | +0.088% | $50K | $322K | 20x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0549% | 1h | 66.330 | +0.073% | $916K | $674K | 25x | as long as short |
StandX XAG-USD
Vest SI-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Ondo Perps XAG-USD.P
QFEX SILVER-USD
Phoenix SILVER
tradeXYZ xyz:SILVER
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Paradex XAG-USD-PERP
Aster XAGUSDT
BloFin XAG-USDT
Bybit XAGUSDT
Aevo XAG-PERP
RISEx XAG/USDC
Lighter XAG
MEXC SILVER_USDT
Coinbase International SILVER-PERP-INTX
Binance XAGUSDT
edgeX XAGUSDC
Nado XAG-PERP
OKX XAG-USDT-SWAP
Aftermath Perps XAGUSD
Bitget XAGUSDT
GRVT XAG_USDT_Perp
Hibachi XAG/USDT-P
Bullet SILVER-USD
GMX SILVER/USD [ETH-USDC]
Deribit SILVER_USDC-PERPETUAL
Kraken Futures PF_XAGUSD