Funding you earn now, next payment 12:00 UTC−0.0372%/8h= −40.8% APRnext payment −$1.86 per $10,000 · paid last 24h −0.019%
Price spread now: Variational Omni against GRVT+0.106%74s7-day average −0.020% · 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)−0.067%−$7 on $10k
+Price spread, last 7 days−0.114%−$11 · spread now +0.106%, 7d avg −0.020%
=Together, before fees−0.181%+ Points / potential airdropGRVT: Active · Variational Omni: Active · farm board−$18 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.126% dearer against GRVT than usual: you sell high and buy low (spread +0.106% now, against its 7-day average of −0.020%): +$13 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 27 hours. At the pace of the last 4 days (−0.067% in total) that is about 7.0 days. The two prices were read 74 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 4 days it paid -0.067% in total (about -6.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.86 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 | GRVT XAG_USDT_Perp | 65.085 | 0.0394 | pay 0.0197% / 4h | 3h 48m | $391K | $1.6M | 25x |
| Short | Variational Omni XAG | 65.154 | 0.0022 | get 0.0011% / 4h | 3h 48m | $5.4M | $9.1M | — |
GRVT XAG_USDT_Perp
Variational Omni XAGFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against GRVT. 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
- −$78.2
- Price spread: +0.106% → −0.020%
- $12.61
- Slippage, 4 orders
- no order book: not counted
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$74.59
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: GRVT: live order book, 5 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 GRVT live order book, 5 min ago | 0.77 bp | 7.6 bp −$8 | 8.3 bp −$83 | 41.9 bp −$4,186 | doesn't fit |
| Sell Variational Omni RFQ quote, 1 min ago | 2.59 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX XAG-USD | 0.0000% | 1h | 65.046 | −0.060% | $12K | $5K | 5x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.130 | +0.069% | $2K | $2.4M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.160 | +0.115% | $1.1M | $1.3M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.130 | +0.069% | $1.5M | $291K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.043 | −0.065% | $118K | — | 250x | as long as short |
| Variational Omni XAGshort | +0.0022% | 4h | 65.154 | +0.106% | $5.4M | $9.1M | — | |
| Lighter RH XAG | +0.0032% | 1h | 65.124 | +0.059% | $4.6M | $9.6M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.050 | −0.054% | $4.9M | $11.8M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +2.020% | $11K | $94K | 52x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 65.070 | −0.023% | $783K | $3.0M | 40x | as long as short |
dYdX XAG-USD
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Lighter RH XAG
Extended XAG-USD
Injective XAG/USDC PERP
StandX XAG-USDShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest SI-PERP | +0.0046% | 1h | 65.530 | +0.683% | — | — | 25x | as long as short |
| QFEX SILVER-USD | +0.0047% | 1h | 65.120 | +0.053% | $171K | $1.4M | 20x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.054 | −0.048% | $3.8M | $890K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.044 | −0.063% | $3K | $6K | 20x | as long as short |
| Ondo Perps XAG-USD.P | +0.0050% | 1h | 65.020 | −0.100% | $5.6M | $9.8M | 25x | as long as short |
| Paradex XAG-USD-PERP | +0.0059% | 8h | 65.092 | +0.011% | $29K | $1K | 5x | as long as short |
| MEXC SILVER_USDT | +0.0060% | 4h | 65.110 | +0.038% | $125.9M | $155.8M | 1000x | as long as short |
| Binance XAGUSDT | +0.0061% | 4h | 65.117 | +0.049% | $193.5M | $762.0M | 100x | as long as short |
| edgeX XAGUSDC | +0.0067% | 4h | 65.072 | −0.021% | $663K | $313K | 30x | as long as short |
| Aster XAGUSDT | +0.0071% | 4h | 65.121 | +0.056% | $2.6M | $991K | 100x | as long as short |
| Aevo XAG-PERP | +0.0072% | 1h | 65.109 | +0.037% | $47K | — | 10x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0080% | 1h | 65.010 | −0.116% | $1.6M | $1.4M | 20x | as long as short |
| Kalshi KXSILVERPERP | +0.0082% | 24h | 65.119 | +0.052% | $480K | $33.4M | 8.1x | as long as short |
| Bybit XAGUSDT | +0.0084% | 4h | 65.140 | +0.084% | $27.4M | $39.2M | 150x | as long as short |
| Hotstuff SILVER-PERP | +0.0088% | 1h | 65.095 | +0.015% | $35K | $21K | 20x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.058 | −0.042% | $463K | $592K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.080 | −0.008% | $25.2M | $4.7M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.010 | −0.116% | $111K | $19K | 50x | as long as short |
| Gate XAG_USDT | +0.0110% | 4h | 65.140 | +0.084% | $139.9M | $179.3M | 100x | as long as short |
| Phoenix SILVER | +0.0111% | 1h | 65.067 | −0.028% | $55K | $31K | 25x | as long as short |
| tradeXYZ xyz:SILVER | +0.0149% | 1h | 65.091 | +0.009% | $173.9M | $85.8M | 25x | as long as short |
| Nado XAG-PERP | +0.0152% | 1h | 65.061 | −0.037% | $1.2M | $4.6M | 10x | as long as short |
| RISEx XAG/USDC | +0.0158% | 1h | 65.121 | +0.055% | $1.3M | $4.9M | 20x | as long as short |
| Bitget XAGUSDT | +0.0188% | 4h | 65.120 | +0.053% | $23.3M | $45.1M | 100x | as long as short |
| OKX XAG-USDT-SWAP | +0.0189% | 8h | 65.140 | +0.084% | $28.6M | $72.4M | 50x | as long as short |
| Aftermath Perps XAGUSD | +0.0204% | 1h | 65.076 | −0.013% | $78K | $37K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0211% | 1h | 65.090 | +0.007% | $77K | $417K | 20x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0238% / S −0.0196% | 1h | 65.125 | +0.061% | $92K | — | 111x | as long as short |
| BloFin XAG-USDT | +0.0241% | 4h | 65.130 | +0.069% | $2.7M | $631K | 100x | as long as short |
| Lighter XAG | +0.0248% | 1h | 65.122 | +0.056% | $5.3M | $10.7M | 25x | as long as short |
| Hibachi XAG/USDT-P | +0.0288% | 1h | 65.070 | −0.023% | $20K | $15K | 10x | as long as short |
| Bullet SILVER-USD | +0.0320% | 1h | 65.123 | +0.058% | $45K | $75K | 10x | as long as short |
| GRVT XAG_USDT_Perplong | +0.0394% | 4h | 65.085 | long leg | $391K | $1.6M | 25x | |
| Kraken Futures PF_XAGUSD | +0.0418% | 1h | 65.103 | +0.027% | $1.0M | $868K | 25x | as long as short |
Vest SI-PERP
QFEX SILVER-USD
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Ondo Perps XAG-USD.P
Paradex XAG-USD-PERP
MEXC SILVER_USDT
Binance XAGUSDT
edgeX XAGUSDC
Aster XAGUSDT
Aevo XAG-PERP
Coinbase International SILVER-PERP-INTX
Kalshi KXSILVERPERP
Bybit XAGUSDT
Hotstuff SILVER-PERP
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Gate XAG_USDT
Phoenix SILVER
tradeXYZ xyz:SILVER
Nado XAG-PERP
RISEx XAG/USDC
Bitget XAGUSDT
OKX XAG-USDT-SWAP
Aftermath Perps XAGUSD
Deribit SILVER_USDC-PERPETUAL
GMX SILVER/USD [ETH-USDC]
BloFin XAG-USDT
Lighter XAG
Hibachi XAG/USDT-P
Bullet SILVER-USD
Kraken Futures PF_XAGUSD