Funding you earn now, next payment 03:00 UTC+0.0371%/8h= +40.6% APRpaid last 24h +0.057%
Price spread now: Kraken Futures against Variational Omni−0.050%7-day average −0.072% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.042%−$4 on $10k
+Price spread, last 3 days (all we have)−0.046%−$5 · spread now −0.050%, 7d avg −0.072%
=Together, before fees−0.088%+ Points / potential airdropVariational Omni: Active · farm board−$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Kraken Futures is 0.023% dearer against Variational Omni than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.072%.
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 | Variational Omni XAG | 66.354 | 0.0178 | pay 0.0089% / 4h | 1h 55m | $5.5M | $9.8M | — |
| Short | Kraken Futures PF_XAGUSD | 66.321 | 0.0549 | get 0.0069% / 1h | 55m 43s | $765K | $478K | 25x |
Variational Omni XAG
Kraken Futures PF_XAGUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Variational Omni. 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
- $77.91
- Price spread: −0.050% → −0.072%
- $2.28
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $70.19
- Costs to cover
- 0.100%
- Break-even
- 0.7 days
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Kraken Futures: live order book, 7 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 Variational Omni RFQ quote, 3 min ago | 2.56 bp | doesn't fit | 2.9 bp −$29 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 7 min ago | 2.64 bp | 8.5 bp −$9 | 15.9 bp −$159 | 32.7 bp −$3,270 | 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 | 66.359 | +0.007% | $15K | — | 5x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.360 | +0.009% | $152.1M | $161.4M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.380 | +0.039% | $2K | $2.8M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.390 | +0.054% | $1.1M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.370 | +0.024% | $1.5M | $250K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.288 | −0.100% | $121K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.328 | −0.039% | $4.8M | $9.4M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.278 | −0.115% | $5.3M | $12.2M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.069% | $11K | $94K | 52x | as long as short |
| Ondo Perps XAG-USD.P | +0.0039% | 1h | 66.290 | −0.097% | $5.7M | $9.7M | 25x | 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
Ondo Perps XAG-USD.PShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX XAG-USD | +0.0040% | 1h | 66.440 | +0.130% | $799K | $2.9M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.807 | +0.683% | — | — | 25x | as long as short |
| Phoenix SILVER | +0.0048% | 1h | 66.307 | −0.071% | $56K | $26K | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.325 | −0.044% | $3.9M | $672K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.281 | −0.110% | $3K | $6K | 20x | as long as short |
| QFEX SILVER-USD | +0.0062% | 1h | 66.370 | +0.024% | $115K | $2.7M | 20x | as long as short |
| Kalshi KXSILVERPERP | +0.0063% | 24h | 66.350 | −0.006% | $543K | $24.5M | 8.1x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.335 | −0.028% | $472K | $607K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.300 | −0.081% | $24.5M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.290 | −0.097% | $113K | $30K | 50x | as long as short |
| tradeXYZ xyz:SILVER | +0.0103% | 1h | 66.307 | −0.071% | $165.9M | $75.8M | 25x | as long as short |
| Paradex XAG-USD-PERP | +0.0141% | 8h | 66.371 | +0.025% | $30K | $1K | 5x | as long as short |
| Aster XAGUSDT | +0.0143% | 4h | 66.350 | −0.006% | $2.7M | $941K | 100x | as long as short |
| Bybit XAGUSDT | +0.0146% | 4h | 66.370 | +0.024% | $26.7M | $36.2M | 150x | as long as short |
| Hotstuff SILVER-PERP | +0.0160% | 1h | 66.342 | −0.018% | $35K | $21K | 20x | as long as short |
| Lighter XAG | +0.0168% | 1h | 66.354 | +0.001% | $5.3M | $10.4M | 25x | as long as short |
| Aevo XAG-PERP | +0.0176% | 1h | 66.355 | +0.001% | $48K | — | 10x | as long as short |
| Variational Omni XAGlong | +0.0178% | 4h | 66.354 | long leg | $5.5M | $9.8M | — | |
| RISEx XAG/USDC | +0.0181% | 1h | 66.388 | +0.051% | $1.2M | $4.4M | 20x | as long as short |
| MEXC SILVER_USDT | +0.0192% | 4h | 66.350 | −0.006% | $111.6M | $151.6M | 1000x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0192% | 1h | 66.320 | −0.051% | $1.9M | $971K | 20x | as long as short |
| Binance XAGUSDT | +0.0192% | 4h | 66.355 | +0.002% | $192.2M | $706.7M | 100x | as long as short |
| edgeX XAGUSDC | +0.0197% | 4h | 66.335 | −0.029% | $673K | $315K | 30x | as long as short |
| OKX XAG-USDT-SWAP | +0.0217% | 8h | 66.360 | +0.009% | $27.9M | $65.7M | 50x | as long as short |
| Hibachi XAG/USDT-P | +0.0224% | 1h | 66.338 | −0.025% | $20K | $22K | 10x | as long as short |
| Aftermath Perps XAGUSD | +0.0235% | 1h | 66.345 | −0.013% | $80K | $38K | 10x | as long as short |
| Nado XAG-PERP | +0.0253% | 1h | 66.327 | −0.040% | $1.3M | $6.6M | 10x | as long as short |
| Bitget XAGUSDT | +0.0256% | 4h | 66.350 | −0.006% | $23.9M | $46.1M | 100x | as long as short |
| GRVT XAG_USDT_Perp | +0.0280% | 4h | 66.367 | +0.019% | $398K | $1.5M | 25x | as long as short |
| Bullet SILVER-USD | +0.0294% | 1h | 66.367 | +0.020% | $46K | $75K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0328% / S −0.0338% | 1h | 66.365 | +0.016% | $103K | — | 111x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0353% | 1h | 66.330 | −0.036% | $50K | $326K | 20x | as long as short |
| Kraken Futures PF_XAGUSDshort | +0.0549% | 1h | 66.321 | −0.050% | $765K | $478K | 25x |
StandX XAG-USD
Vest SI-PERP
Phoenix SILVER
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
QFEX SILVER-USD
Kalshi KXSILVERPERP
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
tradeXYZ xyz:SILVER
Paradex XAG-USD-PERP
Aster XAGUSDT
Bybit XAGUSDT
Hotstuff SILVER-PERP
Lighter XAG
Aevo XAG-PERP
RISEx XAG/USDC
MEXC SILVER_USDT
Coinbase International SILVER-PERP-INTX
Binance XAGUSDT
edgeX XAGUSDC
OKX XAG-USDT-SWAP
Hibachi XAG/USDT-P
Aftermath Perps XAGUSD
Nado XAG-PERP
Bitget XAGUSDT
GRVT XAG_USDT_Perp
Bullet SILVER-USD
GMX SILVER/USD [ETH-USDC]
Deribit SILVER_USDC-PERPETUAL