Funding you earn now, next payment 03:00 UTC−0.0483%/8h= −52.9% APRnext payment −$0.60 per $10,000 · paid last 24h −0.097%
Price spread now: Ondo Perps against Deribit−0.121%7-day average −0.180% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.130%−$13 on $10k
+Price spread, last 3 days (all we have)−0.065%−$7 · spread now −0.121%, 7d avg −0.180%
=Together, before fees−0.195%+ Points / potential airdropOndo Perps: Active · farm board−$19 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Ondo Perps is 0.059% dearer against Deribit than usual: you sell high and buy low (spread −0.121% now, against its 7-day average of −0.180%): +$6 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 4 days (−0.130% in total) that is about 41 hours.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.130% in total (about -12.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.60 per $10,000. 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 | Deribit SILVER_USDC-PERPETUAL | 66.330 | 0.0504 | pay 0.0063% / 1h | 54m 50s | $50K | $326K | 20x |
| Short | Ondo Perps XAG-USD.P | 66.250 | 0.0022 | get 0.0003% / 1h | 54m 50s | $5.7M | $9.7M | 25x |
Deribit SILVER_USDC-PERPETUAL
Ondo Perps XAG-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against Deribit. 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
- −$101.38
- Price spread: −0.121% → −0.180%
- $5.91
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$107.47
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Deribit: live order book, 9 min ago; Ondo Perps: no order-book sample. 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 Deribit live order book, 9 min ago | 0.75 bp | 7.2 bp −$7 | 10.2 bp −$102 | doesn't fit | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo Perps: 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX XAG-USD | 0.0000% | 1h | 66.290 | −0.060% | $15K | — | 5x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.430 | +0.151% | $152.4M | $161.5M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.360 | +0.045% | $2K | $2.8M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.390 | +0.090% | $1.1M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.400 | +0.106% | $1.5M | $250K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.285 | −0.068% | $121K | — | 250x | as long as short |
| Ondo Perps XAG-USD.Pshort | +0.0022% | 1h | 66.250 | −0.121% | $5.7M | $9.7M | 25x | |
| Lighter RH XAG | +0.0032% | 1h | 66.353 | +0.035% | $4.8M | $9.4M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.333 | +0.004% | $5.3M | $12.2M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.106% | $11K | $94K | 52x | 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 PERPShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX XAG-USD | +0.0040% | 1h | 66.370 | +0.060% | $798K | $2.9M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.788 | +0.690% | — | — | 25x | as long as short |
| Phoenix SILVER | +0.0048% | 1h | 66.307 | −0.035% | $56K | $26K | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.318 | −0.018% | $3.9M | $672K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.269 | −0.092% | $3K | $6K | 20x | as long as short |
| QFEX SILVER-USD | +0.0062% | 1h | 66.340 | +0.015% | $115K | $2.7M | 20x | as long as short |
| Kalshi KXSILVERPERP | +0.0063% | 24h | 66.307 | −0.035% | $543K | $24.5M | 8.1x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.304 | −0.039% | $472K | $607K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.360 | +0.045% | $24.6M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.330 | 0.000% | $113K | $30K | 50x | as long as short |
| tradeXYZ xyz:SILVER | +0.0107% | 1h | 66.365 | +0.053% | $166.1M | $75.8M | 25x | as long as short |
| Paradex XAG-USD-PERP | +0.0141% | 8h | 66.347 | +0.026% | $30K | $1K | 5x | as long as short |
| Aster XAGUSDT | +0.0143% | 4h | 66.390 | +0.090% | $2.7M | $943K | 100x | as long as short |
| Bybit XAGUSDT | +0.0146% | 4h | 66.430 | +0.151% | $26.7M | $36.2M | 150x | as long as short |
| Hotstuff SILVER-PERP | +0.0160% | 1h | 66.308 | −0.033% | $35K | $21K | 20x | as long as short |
| Lighter XAG | +0.0168% | 1h | 66.372 | +0.063% | $5.3M | $10.4M | 25x | as long as short |
| Aevo XAG-PERP | +0.0176% | 1h | 66.340 | +0.015% | $48K | — | 10x | as long as short |
| Variational Omni XAG | +0.0178% | 4h | 66.354 | +0.036% | $5.5M | $9.8M | — | as long as short |
| RISEx XAG/USDC | +0.0181% | 1h | 66.360 | +0.045% | $1.2M | $4.4M | 20x | as long as short |
| MEXC SILVER_USDT | +0.0192% | 4h | 66.400 | +0.106% | $111.7M | $151.6M | 1000x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0192% | 1h | 66.330 | 0.000% | $1.9M | $971K | 20x | as long as short |
| Binance XAGUSDT | +0.0192% | 4h | 66.420 | +0.136% | $192.4M | $706.9M | 100x | as long as short |
| edgeX XAGUSDC | +0.0207% | 4h | 66.410 | +0.120% | $674K | $313K | 30x | as long as short |
| OKX XAG-USDT-SWAP | +0.0217% | 8h | 66.410 | +0.121% | $27.9M | $65.8M | 50x | as long as short |
| Hibachi XAG/USDT-P | +0.0224% | 1h | 66.309 | −0.031% | $20K | $22K | 10x | as long as short |
| Aftermath Perps XAGUSD | +0.0234% | 1h | 66.326 | −0.007% | $80K | $38K | 10x | as long as short |
| Nado XAG-PERP | +0.0251% | 1h | 66.307 | −0.035% | $1.3M | $6.6M | 10x | as long as short |
| Bitget XAGUSDT | +0.0256% | 4h | 66.410 | +0.121% | $23.9M | $46.1M | 100x | as long as short |
| GRVT XAG_USDT_Perp | +0.0282% | 4h | 66.410 | +0.121% | $399K | $1.5M | 25x | as long as short |
| Bullet SILVER-USD | +0.0291% | 1h | 66.363 | +0.049% | $46K | $75K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0329% / S −0.0338% | 1h | 66.355 | +0.038% | $103K | — | 111x | as long as short |
| Deribit SILVER_USDC-PERPETUALlong | +0.0504% | 1h | 66.330 | long leg | $50K | $326K | 20x | |
| Kraken Futures PF_XAGUSD | +0.0549% | 1h | 66.312 | −0.028% | $765K | $478K | 25x | as long as short |
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
Variational Omni XAG
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]
Kraken Futures PF_XAGUSD