XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0371%/8h= −40.6% APRpaid last 24h −0.057%

Price spread now: Variational Omni against Kraken Futures+0.027%58s7-day average +0.072% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.042%+$4 on $10k

Price spread, last 3 days (all we have)+0.068%+$7 · spread now +0.027%, 7d avg +0.072%

Together, before fees+0.111%+ Points / potential airdropVariational Omni: Active · farm board+$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Variational Omni is 0.046% cheaper against Kraken Futures than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.072%). Swap the legs. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.042% in total (about 4.5% 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	Kraken Futures PF_XAGUSD	66.336	0.0549	pay 0.0069% / 1h	53m 19s	$765K	$478K	25x
Short	Variational Omni XAG	66.354	0.0178	get 0.0089% / 4h	1h 53m	$5.5M	$9.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Kraken Futures. 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

Position, each leg$Hold fordaysFee Kraken FuturesbpFee Variational OmnibpOrdersPrice spread, now +0.027%Rate

Funding earned: −$77.88
Price spread: +0.027% → +0.072%: −$4.57
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$92.46
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 10 min ago; Variational Omni: RFQ quote, 1 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 Kraken Futures live order book, 10 min ago	2.64 bp	8.5 bp −$9	14.1 bp −$141	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	2.56 bp	doesn't fit	4.2 bp −$42	doesn't fit	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	66.294	−0.065%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.380	+0.066%	$152.3M	$161.6M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.370	+0.051%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.420	+0.126%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.370	+0.051%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.305	−0.047%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.342	+0.008%	$4.8M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.300	−0.054%	$5.3M	$12.2M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.096%	$11K	$94K	52x	as long as short
Ondo Perps XAG-USD.P	+0.0034%	1h	66.260	−0.115%	$5.7M	$9.7M	25x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	66.390	+0.081%	$799K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.808	+0.711%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.341	+0.007%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.304	−0.049%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.360	+0.036%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0063%	24h	66.352	+0.024%	$544K	$24.5M	8.1x	as long as short
Phoenix SILVER	+0.0084%	1h	66.303	−0.050%	$56K	$26K	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.316	−0.031%	$472K	$607K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.330	−0.010%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.330	−0.010%	$113K	$30K	50x	as long as short
tradeXYZ xyz:SILVER	+0.0101%	1h	66.338	+0.002%	$166.0M	$74.7M	25x	as long as short
Paradex XAG-USD-PERP	+0.0140%	8h	66.368	+0.048%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0143%	4h	66.380	+0.066%	$2.7M	$925K	100x	as long as short
Bybit XAGUSDT	+0.0148%	4h	66.390	+0.081%	$26.7M	$36.2M	150x	as long as short
Lighter XAG	+0.0160%	1h	66.353	+0.026%	$5.3M	$10.4M	25x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.373	+0.056%	$48K	—	10x	as long as short
Variational Omni XAGshort	+0.0178%	4h	66.354	+0.027%	$5.5M	$9.8M	—
RISEx XAG/USDC	+0.0181%	1h	66.381	+0.067%	$1.2M	$4.4M	20x	as long as short
MEXC SILVER_USDT	+0.0192%	4h	66.370	+0.051%	$111.6M	$151.6M	1000x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.350	+0.021%	$1.9M	$973K	20x	as long as short
Binance XAGUSDT	+0.0193%	4h	66.380	+0.066%	$192.3M	$706.7M	100x	as long as short
edgeX XAGUSDC	+0.0212%	4h	66.351	+0.021%	$673K	$314K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0217%	8h	66.380	+0.066%	$27.9M	$65.7M	50x	as long as short
Aftermath Perps XAGUSD	+0.0232%	1h	66.341	+0.007%	$80K	$38K	10x	as long as short
Hibachi XAG/USDT-P	+0.0240%	1h	66.320	−0.025%	$20K	$22K	10x	as long as short
Nado XAG-PERP	+0.0241%	1h	66.323	−0.020%	$1.3M	$6.6M	10x	as long as short
Bitget XAGUSDT	+0.0256%	4h	66.380	+0.066%	$23.9M	$46.1M	100x	as long as short
Bullet SILVER-USD	+0.0280%	1h	66.387	+0.076%	$46K	$75K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0282%	4h	66.410	+0.111%	$399K	$1.5M	25x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0330% / S −0.0340%	1h	66.375	+0.058%	$103K	—	111x	as long as short
Hotstuff SILVER-PERP	+0.0344%	1h	66.376	+0.060%	$35K	$21K	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0504%	1h	66.370	+0.051%	$50K	$326K	20x	as long as short
Kraken Futures PF_XAGUSDlong	+0.0549%	1h	66.336	long leg	$765K	$478K	25x