Funding you earn now, next payment 02:00 UTC+0.0188%/8h= +20.5% APRpaid last 24h +0.029%
Price spread now: GRVT against Ondo Perps+0.347%53s7-day average +0.186% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.109%+$11 on $10k
+Price spread, last 7 days+0.044%+$4 · spread now +0.347%, 7d avg +0.186%
=Together, before fees+0.153%+ Points / potential airdropOndo Perps: Active · GRVT: Active · farm board+$15 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and GRVT is 0.162% dearer against Ondo Perps than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.186%. The two prices were read 53 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 7 days it paid 0.109% in total (about 5.7% a year). A funding rate is set anew for every payment. 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 | Ondo Perps XAG-USD.P | 66.360 | 0.0050 | pay 0.0006% / 1h | 41m 59s | $5.7M | $9.6M | 25x |
| Short | GRVT XAG_USDT_Perp | 66.591 | 0.0238 | get 0.0119% / 4h | 2h 41m | $395K | $1.5M | 25x |
Ondo Perps XAG-USD.P
GRVT XAG_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- $39.4
- Price spread: +0.347% → +0.186%
- $16.17
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- $41.57
- Costs to cover
- 0.140%
- Break-even
- from the start
Slippage unknown: Ondo Perps: no order-book sample; GRVT: live order book, 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell GRVT live order book, 1 min ago | 0.75 bp | 8.1 bp −$8 | 12.3 bp −$123 | 45.6 bp −$4,562 | 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 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff SILVER-PERP | −0.0032% | 1h | 66.421 | +0.092% | $35K | $21K | 20x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 66.423 | +0.094% | $15K | — | 5x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.480 | +0.181% | $154.5M | $161.8M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.460 | +0.151% | $2K | $2.8M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.510 | +0.226% | $1.1M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.490 | +0.196% | $1.5M | $250K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.412 | +0.078% | $120K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.460 | +0.151% | $4.8M | $9.4M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.408 | +0.072% | $5.4M | $12.5M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.060% | $11K | $94K | 52x | as long as short |
Hotstuff SILVER-PERP
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 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX XAG-USD | +0.0040% | 1h | 66.560 | +0.301% | $801K | $2.9M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.918 | +0.841% | — | — | 25x | as long as short |
| Phoenix SILVER | +0.0048% | 1h | 66.479 | +0.179% | $56K | $26K | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.427 | +0.101% | $3.9M | $669K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.400 | +0.060% | $3K | $5K | 20x | as long as short |
| Ondo Perps XAG-USD.Plong | +0.0050% | 1h | 66.360 | long leg | $5.7M | $9.6M | 25x | |
| QFEX SILVER-USD | +0.0054% | 1h | 66.450 | +0.136% | $115K | $2.7M | 20x | as long as short |
| Kalshi KXSILVERPERP | +0.0061% | 24h | 66.426 | +0.099% | $574K | $23.1M | 8.1x | as long as short |
| Bybit XAGUSDT | +0.0061% | 4h | 66.490 | +0.196% | $26.4M | $35.9M | 150x | as long as short |
| RISEx XAG/USDC | +0.0079% | 1h | 66.468 | +0.163% | $1.2M | $4.3M | 20x | as long as short |
| tradeXYZ xyz:SILVER | +0.0098% | 1h | 66.441 | +0.122% | $165.9M | $79.4M | 25x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.402 | +0.063% | $473K | $610K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.440 | +0.121% | $24.6M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.490 | +0.196% | $126K | $23K | 50x | as long as short |
| BloFin XAG-USDT | +0.0103% | 4h | 66.570 | +0.316% | $2.6M | $624K | 100x | as long as short |
| Aster XAGUSDT | +0.0117% | 4h | 66.479 | +0.180% | $2.8M | $991K | 100x | as long as short |
| Paradex XAG-USD-PERP | +0.0121% | 8h | 66.448 | +0.133% | $30K | $1K | 5x | as long as short |
| Variational Omni XAG | +0.0124% | 4h | 66.565 | +0.308% | $5.6M | $9.7M | — | as long as short |
| Aevo XAG-PERP | +0.0136% | 1h | 66.464 | +0.157% | $48K | — | 10x | as long as short |
| edgeX XAGUSDC | +0.0140% | 4h | 66.523 | +0.245% | $675K | $315K | 30x | as long as short |
| MEXC SILVER_USDT | +0.0146% | 4h | 66.480 | +0.181% | $108.2M | $156.6M | 1000x | as long as short |
| Binance XAGUSDT | +0.0148% | 4h | 66.470 | +0.166% | $192.9M | $708.0M | 100x | as long as short |
| Lighter XAG | +0.0160% | 1h | 66.481 | +0.182% | $5.4M | $10.4M | 25x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0184% | 1h | 66.520 | +0.241% | $1.9M | $967K | 20x | as long as short |
| OKX XAG-USDT-SWAP | +0.0196% | 8h | 66.480 | +0.181% | $28.1M | $66.0M | 50x | as long as short |
| Bitget XAGUSDT | +0.0220% | 4h | 66.470 | +0.166% | $24.4M | $45.9M | 100x | as long as short |
| Nado XAG-PERP | +0.0223% | 1h | 66.412 | +0.078% | $1.3M | $6.5M | 10x | as long as short |
| Aftermath Perps XAGUSD | +0.0223% | 1h | 66.479 | +0.179% | $80K | $38K | 10x | as long as short |
| GRVT XAG_USDT_Perpshort | +0.0238% | 4h | 66.591 | +0.347% | $395K | $1.5M | 25x | |
| Bullet SILVER-USD | +0.0281% | 1h | 66.479 | +0.180% | $45K | $76K | 10x | as long as short |
| Hibachi XAG/USDT-P | +0.0288% | 1h | 66.493 | +0.200% | $20K | $22K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0292% / S −0.0281% | 1h | 66.485 | +0.188% | $103K | — | 111x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0352% | 1h | 66.450 | +0.136% | $50K | $324K | 20x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0462% | 1h | 66.429 | +0.105% | $766K | $491K | 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
Bybit XAGUSDT
RISEx XAG/USDC
tradeXYZ xyz:SILVER
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
BloFin XAG-USDT
Aster XAGUSDT
Paradex XAG-USD-PERP
Variational Omni XAG
Aevo XAG-PERP
edgeX XAGUSDC
MEXC SILVER_USDT
Binance XAGUSDT
Lighter XAG
Coinbase International SILVER-PERP-INTX
OKX XAG-USDT-SWAP
Bitget XAGUSDT
Nado XAG-PERP
Aftermath Perps XAGUSD
Bullet SILVER-USD
Hibachi XAG/USDT-P
GMX SILVER/USD [ETH-USDC]
Deribit SILVER_USDC-PERPETUAL
Kraken Futures PF_XAGUSD