Funding you earn now, next payment 06:00 UTC+0.0192%/8h= +21.0% APRpaid last 24h −0.038%
Price spread now: Variational Omni against Hibachi+0.195%7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHibachi: Active · Variational Omni: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Variational Omni is 0.195% dearer against Hibachi than usual: you sell high and buy low: +$20 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hibachi XAG/USDT-P | 65.546 | −0.0072 | get 0.0009% / 1h | 2m 18s | $20K | $19K | 10x |
| Short | Variational Omni XAG | 65.674 | 0.0120 | get 0.0060% / 4h | 2h 02m | $5.5M | $9.5M | — |
Hibachi XAG/USDT-P
Variational Omni XAGFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Hibachi. 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
- $40.24
- Price spread: +0.195% → 0.000%
- $19.51
- Slippage, 4 orders
- no order book: not counted
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $50.75
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Hibachi: 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 Hibachi no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 2 min ago | 2.57 bp | doesn't fit | 2.6 bp −$26 | doesn't fit | doesn't fit |
Hibachi: 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 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi XAG/USDT-Plong | −0.0072% | 1h | 65.546 | long leg | $20K | $19K | 10x | |
| Ondo Perps XAG-USD.P | −0.0009% | 1h | 65.490 | −0.085% | $5.7M | $9.7M | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.582 | +0.055% | $12K | $5K | 5x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.590 | +0.068% | $2K | $2.6M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.600 | +0.083% | $1.1M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.590 | +0.068% | $1.5M | $280K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.525 | −0.031% | $118K | — | 250x | as long as short |
| RISEx XAG/USDC | +0.0030% | 1h | 65.605 | +0.090% | $1.2M | $4.9M | 20x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.569 | +0.036% | $4.7M | $9.6M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.523 | −0.034% | $5.1M | $11.7M | 10x | as long as short |
Ondo Perps XAG-USD.P
dYdX XAG-USD
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
RISEx XAG/USDC
Lighter RH XAG
Extended XAG-USDShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +1.303% | $11K | $94K | 52x | as long as short |
| Gate XAG_USDT | +0.0034% | 4h | 65.590 | +0.068% | $144.2M | $181.6M | 100x | as long as short |
| Phoenix SILVER | +0.0036% | 1h | 65.609 | +0.097% | $56K | $26K | 25x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 65.620 | +0.113% | $789K | $3.0M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.022 | +0.727% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.563 | +0.026% | $3.9M | $711K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.513 | −0.050% | $3K | $6K | 20x | as long as short |
| QFEX SILVER-USD | +0.0051% | 1h | 65.580 | +0.052% | $152K | $2.8M | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0062% | 8h | 65.566 | +0.031% | $29K | $1K | 5x | as long as short |
| Aster XAGUSDT | +0.0064% | 4h | 65.590 | +0.068% | $2.7M | $945K | 100x | as long as short |
| tradeXYZ xyz:SILVER | +0.0075% | 1h | 65.549 | +0.005% | $170.8M | $82.5M | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0076% | 24h | 65.550 | +0.007% | $465K | $29.3M | 8.1x | as long as short |
| Bybit XAGUSDT | +0.0083% | 4h | 65.590 | +0.068% | $28.8M | $39.1M | 150x | as long as short |
| Hotstuff SILVER-PERP | +0.0096% | 1h | 65.606 | +0.092% | $35K | $21K | 20x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.547 | +0.003% | $468K | $629K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.580 | +0.052% | $24.7M | $4.8M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.640 | +0.144% | $112K | $19K | 50x | as long as short |
| Binance XAGUSDT | +0.0114% | 4h | 65.588 | +0.065% | $188.6M | $744.3M | 100x | as long as short |
| MEXC SILVER_USDT | +0.0116% | 4h | 65.570 | +0.037% | $112.8M | $162.4M | 1000x | as long as short |
| Variational Omni XAGshort | +0.0120% | 4h | 65.674 | +0.195% | $5.5M | $9.5M | — | |
| Lighter XAG | +0.0120% | 1h | 65.571 | +0.038% | $5.4M | $11.4M | 25x | as long as short |
| Aevo XAG-PERP | +0.0120% | 1h | 65.576 | +0.047% | $47K | — | 10x | as long as short |
| edgeX XAGUSDC | +0.0139% | 4h | 65.652 | +0.162% | $668K | $313K | 30x | as long as short |
| Nado XAG-PERP | +0.0146% | 1h | 65.578 | +0.049% | $1.2M | $5.6M | 10x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0176% | 1h | 65.690 | +0.220% | $1.6M | $1.3M | 20x | as long as short |
| GRVT XAG_USDT_Perp | +0.0194% | 4h | 65.738 | +0.293% | $389K | $1.5M | 25x | as long as short |
| Bitget XAGUSDT | +0.0204% | 4h | 65.590 | +0.068% | $23.8M | $46.2M | 100x | as long as short |
| Aftermath Perps XAGUSD | +0.0207% | 1h | 65.576 | +0.046% | $79K | $37K | 10x | as long as short |
| OKX XAG-USDT-SWAP | +0.0207% | 8h | 65.580 | +0.052% | $27.9M | $70.1M | 50x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0208% | 1h | 65.560 | +0.022% | $66K | $368K | 20x | as long as short |
| Bullet SILVER-USD | +0.0233% | 1h | 65.594 | +0.073% | $44K | $76K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0320% / S −0.0301% | 1h | 65.585 | +0.060% | $93K | — | 111x | as long as short |
| BloFin XAG-USDT | +0.0357% | 4h | 65.650 | +0.159% | $2.6M | $622K | 100x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0470% | 1h | 65.551 | +0.009% | $914K | $735K | 25x | as long as short |
Injective XAG/USDC PERP
Gate XAG_USDT
Phoenix SILVER
StandX XAG-USD
Vest SI-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
QFEX SILVER-USD
Paradex XAG-USD-PERP
Aster XAGUSDT
tradeXYZ xyz:SILVER
Kalshi KXSILVERPERP
Bybit XAGUSDT
Hotstuff SILVER-PERP
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Binance XAGUSDT
MEXC SILVER_USDT
Lighter XAG
Aevo XAG-PERP
edgeX XAGUSDC
Nado XAG-PERP
Coinbase International SILVER-PERP-INTX
GRVT XAG_USDT_Perp
Bitget XAGUSDT
Aftermath Perps XAGUSD
OKX XAG-USDT-SWAP
Deribit SILVER_USDC-PERPETUAL
Bullet SILVER-USD
GMX SILVER/USD [ETH-USDC]
BloFin XAG-USDT
Kraken Futures PF_XAGUSD