Funding you earn now, next payment 23:00 UTC−0.0025%/8h= −2.7% APRpaid last 24h −0.008%
Price spread now: Variational Omni against Aevo−0.069%48s7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.069% cheaper against Aevo than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 48 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 | Aevo XAG-PERP | 66.252 | 0.0080 | pay 0.0010% / 1h | 27m 28s | $48K | — | 10x |
| Short | Variational Omni XAG | 66.207 | 0.0055 | get 0.0027% / 4h | 1h 27m | $5.5M | $10.5M | — |
Aevo XAG-PERP
Variational Omni XAGFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Aevo. 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
- −$5.27
- Price spread: −0.069% → 0.000%
- −$6.89
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$28.16
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Aevo: no order-book sample; Variational Omni: RFQ quote, 2 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 Aevo no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 2 min ago | 2.57 bp | doesn't fit | 2.6 bp −$26 | 4.4 bp −$444 | doesn't fit |
Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XAGUSD | −0.0272% | 1h | 66.238 | −0.022% | $767K | $567K | 25x | as long as short |
| Hotstuff SILVER-PERP | −0.0024% | 1h | 66.196 | −0.085% | $35K | $21K | 20x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 66.175 | −0.117% | $15K | — | 5x | as long as short |
| Bybit XAGUSDT | 0.0000% | 4h | 66.250 | −0.004% | $25.6M | $33.3M | 150x | as long as short |
| RISEx XAG/USDC | 0.0000% | 1h | 66.246 | −0.009% | $1.3M | $4.2M | 20x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.220 | −0.049% | $146.3M | $172.8M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.280 | +0.042% | $2K | $3.1M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.290 | +0.057% | $1.0M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.270 | +0.027% | $1.5M | $248K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.189 | −0.096% | $120K | — | 250x | as long as short |
Kraken Futures PF_XAGUSD
Hotstuff SILVER-PERP
dYdX XAG-USD
Bybit XAGUSDT
RISEx XAG/USDC
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USDShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin XAG-USDT | +0.0013% | 4h | 66.230 | −0.034% | $2.5M | $837K | 100x | as long as short |
| QFEX SILVER-USD | +0.0016% | 1h | 66.230 | −0.034% | $152K | $2.8M | 20x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.215 | −0.057% | $4.7M | $9.7M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.160 | −0.139% | $5.5M | $12.4M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.223% | $11K | $94K | 52x | as long as short |
| Aster XAGUSDT | +0.0038% | 4h | 66.246 | −0.009% | $2.8M | $1.0M | 100x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 66.180 | −0.109% | $792K | $2.7M | 40x | as long as short |
| Bitget XAGUSDT | +0.0044% | 4h | 66.240 | −0.019% | $23.7M | $47.6M | 100x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.665 | +0.623% | — | — | 25x | as long as short |
| tradeXYZ xyz:SILVER | +0.0050% | 1h | 66.196 | −0.085% | $164.9M | $88.8M | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.200 | −0.079% | $3.9M | $694K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.186 | −0.100% | $4K | $5K | 20x | as long as short |
| Ondo Perps XAG-USD.P | +0.0050% | 1h | 66.140 | −0.170% | $5.6M | $9.9M | 25x | as long as short |
| Variational Omni XAGshort | +0.0055% | 4h | 66.207 | −0.069% | $5.5M | $10.5M | — | |
| Kalshi KXSILVERPERP | +0.0056% | 24h | 66.232 | −0.031% | $586K | $21.3M | 8.1x | as long as short |
| MEXC SILVER_USDT | +0.0072% | 4h | 66.230 | −0.034% | $117.8M | $181.8M | 1000x | as long as short |
| Phoenix SILVER | +0.0073% | 1h | 66.172 | −0.121% | $56K | $26K | 25x | as long as short |
| Binance XAGUSDT | +0.0075% | 4h | 66.243 | −0.015% | $189.9M | $728.6M | 100x | as long as short |
| Aevo XAG-PERPlong | +0.0080% | 1h | 66.252 | long leg | $48K | — | 10x | |
| edgeX XAGUSDC | +0.0089% | 4h | 66.236 | −0.025% | $672K | $316K | 30x | as long as short |
| GRVT XAG_USDT_Perp | +0.0092% | 4h | 66.268 | +0.023% | $390K | $1.5M | 25x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.186 | −0.100% | $474K | $625K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.210 | −0.064% | $24.3M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.200 | −0.079% | $113K | $26K | 50x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0104% | 1h | 66.190 | −0.094% | $1.9M | $859K | 20x | as long as short |
| Aftermath Perps XAGUSD | +0.0114% | 1h | 66.182 | −0.107% | $80K | $40K | 10x | as long as short |
| Paradex XAG-USD-PERP | +0.0118% | 8h | 66.220 | −0.048% | $30K | $1K | 5x | as long as short |
| Lighter XAG | +0.0128% | 1h | 66.220 | −0.049% | $5.1M | $10.9M | 25x | as long as short |
| OKX XAG-USDT-SWAP | +0.0162% | 8h | 66.240 | −0.019% | $27.3M | $66.3M | 50x | as long as short |
| Nado XAG-PERP | +0.0215% | 1h | 66.170 | −0.124% | $1.3M | $6.5M | 10x | as long as short |
| Bullet SILVER-USD | +0.0263% | 1h | 66.269 | +0.025% | $44K | $74K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0303% / S −0.0300% | 1h | 66.265 | +0.019% | $103K | — | 29x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0505% | 1h | 66.250 | −0.004% | $51K | $359K | 20x | as long as short |
BloFin XAG-USDT
QFEX SILVER-USD
Lighter RH XAG
Extended XAG-USD
Injective XAG/USDC PERP
Aster XAGUSDT
StandX XAG-USD
Bitget XAGUSDT
Vest SI-PERP
tradeXYZ xyz:SILVER
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Ondo Perps XAG-USD.P
Kalshi KXSILVERPERP
MEXC SILVER_USDT
Phoenix SILVER
Binance XAGUSDT
edgeX XAGUSDC
GRVT XAG_USDT_Perp
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Coinbase International SILVER-PERP-INTX
Aftermath Perps XAGUSD
Paradex XAG-USD-PERP
Lighter XAG
OKX XAG-USDT-SWAP
Nado XAG-PERP
Bullet SILVER-USD
GMX SILVER/USD [ETH-USDC]
Deribit SILVER_USDC-PERPETUAL