Funding you earn now, next payment 03:00 UTC+0.0320%/8h= +35.0% APRnext payment +$0.40 per $10,000 · paid last 24h +0.090%
Price spread now: Deribit against Ondo Perps+0.136%7-day average +0.180% · 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)+0.130%+$13 on $10k
+Price spread, last 3 days (all we have)+0.050%+$5 · spread now +0.136%, 7d avg +0.180%
=Together, before fees+0.180%+ Points / potential airdropOndo Perps: Active · farm board+$18 on $10k · with fees, hour by hour
Funding pays, the price is against you. Deribit is 0.044% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.136% now, against its 7-day average of +0.180%). If the spread goes back, that is −$4 on $10k: about 11 hours of funding at the current rate (+$10 a day). At the pace of the last 4 days (+0.130% in total) that is about 31 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps XAG-USD.P | 66.260 | 0.0034 | pay 0.0004% / 1h | 53m 00s | $5.7M | $9.7M | 25x |
| Short | Deribit SILVER_USDC-PERPETUAL | 66.350 | 0.0353 | get 0.0044% / 1h | 53m 00s | $50K | $326K | 20x |
Ondo Perps XAG-USD.P
Deribit SILVER_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Ondo Perps. 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
- $67.12
- Price spread: +0.136% → +0.180%
- −$4.39
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $50.73
- Costs to cover
- 0.120%
- Break-even
- 1.7 days
Slippage unknown: Ondo Perps: no order-book sample; Deribit: live order book, 11 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Deribit live order book, 11 min ago | 0.75 bp | 4.3 bp −$4 | 5.9 bp −$59 | doesn't fit | doesn't fit |
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 | 66.294 | +0.051% | $15K | — | 5x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.390 | +0.196% | $152.4M | $161.6M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.380 | +0.181% | $2K | $2.8M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.410 | +0.226% | $1.1M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.380 | +0.181% | $1.5M | $250K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.305 | +0.068% | $121K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.353 | +0.140% | $4.8M | $9.4M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.306 | +0.069% | $5.3M | $12.2M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.211% | $11K | $94K | 52x | as long as short |
| Ondo Perps XAG-USD.Plong | +0.0034% | 1h | 66.260 | long leg | $5.7M | $9.7M | 25x |
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 | 66.390 | +0.196% | $799K | $2.9M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.808 | +0.827% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.341 | +0.122% | $3.9M | $672K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.304 | +0.066% | $3K | $6K | 20x | as long as short |
| QFEX SILVER-USD | +0.0062% | 1h | 66.360 | +0.151% | $115K | $2.7M | 20x | as long as short |
| Kalshi KXSILVERPERP | +0.0063% | 24h | 66.324 | +0.097% | $544K | $24.5M | 8.1x | as long as short |
| Phoenix SILVER | +0.0084% | 1h | 66.303 | +0.065% | $56K | $26K | 25x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.316 | +0.085% | $472K | $607K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.330 | +0.106% | $24.5M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.330 | +0.106% | $113K | $30K | 50x | as long as short |
| tradeXYZ xyz:SILVER | +0.0101% | 1h | 66.343 | +0.125% | $166.0M | $74.7M | 25x | as long as short |
| Paradex XAG-USD-PERP | +0.0140% | 8h | 66.368 | +0.163% | $30K | $1K | 5x | as long as short |
| Aster XAGUSDT | +0.0143% | 4h | 66.376 | +0.175% | $2.7M | $925K | 100x | as long as short |
| Bybit XAGUSDT | +0.0148% | 4h | 66.390 | +0.196% | $26.7M | $36.2M | 150x | as long as short |
| Lighter XAG | +0.0160% | 1h | 66.364 | +0.156% | $5.3M | $10.4M | 25x | as long as short |
| Aevo XAG-PERP | +0.0176% | 1h | 66.373 | +0.171% | $48K | — | 10x | as long as short |
| Variational Omni XAG | +0.0178% | 4h | 66.354 | +0.142% | $5.5M | $9.8M | — | as long as short |
| RISEx XAG/USDC | +0.0181% | 1h | 66.381 | +0.182% | $1.2M | $4.4M | 20x | as long as short |
| MEXC SILVER_USDT | +0.0192% | 4h | 66.370 | +0.166% | $111.6M | $151.6M | 1000x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0192% | 1h | 66.350 | +0.136% | $1.9M | $972K | 20x | as long as short |
| Binance XAGUSDT | +0.0193% | 4h | 66.380 | +0.181% | $192.3M | $706.7M | 100x | as long as short |
| edgeX XAGUSDC | +0.0212% | 4h | 66.351 | +0.137% | $673K | $314K | 30x | as long as short |
| OKX XAG-USDT-SWAP | +0.0217% | 8h | 66.380 | +0.181% | $27.9M | $65.7M | 50x | as long as short |
| Aftermath Perps XAGUSD | +0.0232% | 1h | 66.341 | +0.122% | $80K | $38K | 10x | as long as short |
| Hibachi XAG/USDT-P | +0.0240% | 1h | 66.320 | +0.091% | $20K | $22K | 10x | as long as short |
| Nado XAG-PERP | +0.0241% | 1h | 66.323 | +0.096% | $1.3M | $6.6M | 10x | as long as short |
| Bitget XAGUSDT | +0.0256% | 4h | 66.380 | +0.181% | $23.9M | $46.1M | 100x | as long as short |
| Bullet SILVER-USD | +0.0280% | 1h | 66.387 | +0.192% | $46K | $75K | 10x | as long as short |
| GRVT XAG_USDT_Perp | +0.0282% | 4h | 66.410 | +0.226% | $399K | $1.5M | 25x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0330% / S −0.0340% | 1h | 66.375 | +0.174% | $103K | — | 111x | as long as short |
| Hotstuff SILVER-PERP | +0.0344% | 1h | 66.376 | +0.175% | $35K | $21K | 20x | as long as short |
| Deribit SILVER_USDC-PERPETUALshort | +0.0353% | 1h | 66.350 | +0.136% | $50K | $326K | 20x | |
| Kraken Futures PF_XAGUSD | +0.0549% | 1h | 66.333 | +0.111% | $765K | $475K | 25x | as long as short |
StandX XAG-USD
Vest SI-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
QFEX SILVER-USD
Kalshi KXSILVERPERP
Phoenix SILVER
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
tradeXYZ xyz:SILVER
Paradex XAG-USD-PERP
Aster XAGUSDT
Bybit XAGUSDT
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
Aftermath Perps XAGUSD
Hibachi XAG/USDT-P
Nado XAG-PERP
Bitget XAGUSDT
Bullet SILVER-USD
GRVT XAG_USDT_Perp
GMX SILVER/USD [ETH-USDC]
Hotstuff SILVER-PERP
Kraken Futures PF_XAGUSD