Funding you earn now, next payment 10:00 UTC−0.0701%/8h= −76.7% APRpaid last 24h −0.071%
Price spread now: Variational Omni against Kraken Futures+0.304%7-day average +0.069% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.010%+$1 on $10k
+Price spread, last 4 days (all we have)−0.388%−$39 · spread now +0.304%, 7d avg +0.069%
=Together, before fees−0.377%+ Points / potential airdropVariational Omni: Active · farm board−$38 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.235% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.304% now, against its 7-day average of +0.069%): +$24 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 27 hours.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.010% in total (about 1.0% 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 | 65.274 | 0.0776 | pay 0.0097% / 1h | 54m 16s | $1.0M | $893K | 25x |
| Short | Variational Omni XAG | 65.472 | 0.0075 | get 0.0038% / 4h | 2h 54m | $5.5M | $9.2M | — |
Kraken Futures PF_XAGUSD
Variational Omni XAGFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$147.18
- Price spread: +0.304% → +0.069%
- $23.51
- 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
- −$133.67
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Kraken Futures: live order book, 4 min ago; Variational Omni: RFQ quote, 5 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, 4 min ago | 2.90 bp | 9.5 bp −$9 | 35.1 bp −$351 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 5 min ago | 2.58 bp | doesn't fit | 2.6 bp −$26 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective XAG/USDC PERP | −0.0220% | 1h | 64.602 | −1.029% | $11K | $240 | 52x | as long as short |
| Ondo Perps XAG-USD.P | −0.0064% | 1h | 65.220 | −0.082% | $5.7M | $10.2M | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.293 | +0.029% | $12K | $6K | 5x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 65.330 | +0.086% | $137.4M | $192.8M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.310 | +0.055% | $2K | $2.5M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.360 | +0.132% | $1.1M | $1.3M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.340 | +0.101% | $1.5M | $253K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.591 | +0.486% | $119K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.299 | +0.038% | $4.5M | $9.3M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.246 | −0.043% | $5.0M | $11.9M | 10x | as long as short |
Injective XAG/USDC PERP
Ondo Perps XAG-USD.P
dYdX XAG-USD
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Lighter RH XAG
Extended XAG-USDShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX XAG-USD | +0.0040% | 1h | 65.510 | +0.362% | $788K | $3.0M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 65.754 | +0.736% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.277 | +0.005% | $3.8M | $891K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.240 | −0.052% | $3K | $6K | 20x | as long as short |
| Hotstuff SILVER-PERP | +0.0056% | 1h | 65.296 | +0.034% | $35K | $23K | 20x | as long as short |
| tradeXYZ xyz:SILVER | +0.0058% | 1h | 65.280 | +0.009% | $173.5M | $92.3M | 25x | as long as short |
| QFEX SILVER-USD | +0.0062% | 1h | 65.290 | +0.025% | $433K | $1.5M | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0075% | 8h | 65.275 | +0.001% | $29K | $166 | 5x | as long as short |
| Variational Omni XAGshort | +0.0075% | 4h | 65.472 | +0.304% | $5.5M | $9.2M | — | |
| Coinbase International SILVER-PERP-INTX | +0.0088% | 1h | 65.440 | +0.255% | $1.6M | $1.6M | 20x | as long as short |
| Kalshi KXSILVERPERP | +0.0091% | 24h | 65.287 | +0.020% | $638K | $36.3M | 8.1x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.251 | −0.035% | $464K | $588K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.270 | −0.006% | $25.2M | $4.6M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.520 | +0.377% | $112K | $19K | 50x | as long as short |
| Phoenix SILVER | +0.0111% | 1h | 65.478 | +0.313% | $56K | $13K | 25x | as long as short |
| Aevo XAG-PERP | +0.0112% | 1h | 65.344 | +0.108% | $47K | — | 10x | as long as short |
| Binance XAGUSDT | +0.0115% | 4h | 65.316 | +0.064% | $192.8M | $826.8M | 100x | as long as short |
| MEXC SILVER_USDT | +0.0116% | 4h | 65.320 | +0.071% | $117.1M | $161.2M | 1000x | as long as short |
| edgeX XAGUSDC | +0.0129% | 4h | 65.542 | +0.411% | $668K | $313K | 30x | as long as short |
| Aster XAGUSDT | +0.0130% | 4h | 65.321 | +0.072% | $2.7M | $1.1M | 100x | as long as short |
| Nado XAG-PERP | +0.0135% | 1h | 65.257 | −0.026% | $1.2M | $4.2M | 10x | as long as short |
| Bullet SILVER-USD | +0.0182% | 1h | 65.317 | +0.067% | $44K | $75K | 10x | as long as short |
| Lighter XAG | +0.0192% | 1h | 65.306 | +0.049% | $5.1M | $11.3M | 25x | as long as short |
| Aftermath Perps XAGUSD | +0.0201% | 1h | 65.443 | +0.260% | $79K | $37K | 10x | as long as short |
| RISEx XAG/USDC | +0.0206% | 1h | 65.304 | +0.047% | $1.2M | $4.9M | 20x | as long as short |
| OKX XAG-USDT-SWAP | +0.0208% | 8h | 65.320 | +0.071% | $28.1M | $81.2M | 50x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0210% | 1h | 65.280 | +0.009% | $77K | $437K | 20x | as long as short |
| Bybit XAGUSDT | +0.0217% | 4h | 65.330 | +0.086% | $30.6M | $45.3M | 150x | as long as short |
| Bitget XAGUSDT | +0.0226% | 4h | 65.320 | +0.071% | $23.0M | $49.6M | 100x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0238% / S −0.0196% | 1h | 65.385 | +0.170% | $93K | — | 111x | as long as short |
| GRVT XAG_USDT_Perp | +0.0264% | 4h | 65.550 | +0.423% | $396K | $1.6M | 25x | as long as short |
| Hibachi XAG/USDT-P | +0.0352% | 1h | 65.331 | +0.087% | $21K | $12K | 10x | as long as short |
| BloFin XAG-USDT | +0.0357% | 4h | 65.400 | +0.193% | $2.7M | $709K | 100x | as long as short |
| Kraken Futures PF_XAGUSDlong | +0.0776% | 1h | 65.274 | long leg | $1.0M | $893K | 25x |
StandX XAG-USD
Vest SI-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Hotstuff SILVER-PERP
tradeXYZ xyz:SILVER
QFEX SILVER-USD
Paradex XAG-USD-PERP
Coinbase International SILVER-PERP-INTX
Kalshi KXSILVERPERP
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Phoenix SILVER
Aevo XAG-PERP
Binance XAGUSDT
MEXC SILVER_USDT
edgeX XAGUSDC
Aster XAGUSDT
Nado XAG-PERP
Bullet SILVER-USD
Lighter XAG
Aftermath Perps XAGUSD
RISEx XAG/USDC
OKX XAG-USDT-SWAP
Deribit SILVER_USDC-PERPETUAL
Bybit XAGUSDT
Bitget XAGUSDT
GMX SILVER/USD [ETH-USDC]
GRVT XAG_USDT_Perp
Hibachi XAG/USDT-P
BloFin XAG-USDT