Funding you earn now, next payment 23:00 UTC+0.0013%/8h= +1.5% APRpaid last 24h +0.036%
Price spread now: Variational Omni against Ondo Perps+0.131%7-day average +0.163% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.025%+$2 on $10k
+Price spread, last 7 days+0.024%+$2 · spread now +0.131%, 7d avg +0.163%
=Together, before fees+0.049%+ Points / potential airdropOndo Perps: Active · Variational Omni: Active · farm board+$5 on $10k · with fees, hour by hour
Funding pays, the price is against you. Variational Omni is 0.032% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.131% now, against its 7-day average of +0.163%). If the spread goes back, that is −$3 on $10k: about 8.1 days of funding at the current rate ($0 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps XAG-USD.P | 66.150 | 0.0050 | pay 0.0006% / 1h | 16m 01s | $5.7M | $9.9M | 25x |
| Short | Variational Omni XAG | 66.237 | 0.0064 | get 0.0032% / 4h | 1h 16m | $5.5M | $10.5M | — |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- $2.82
- Price spread: +0.131% → +0.163%
- −$3.24
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$5.42
- Costs to cover
- 0.050%
- Break-even
- 20.5 days
Slippage unknown: Ondo Perps: no order-book sample; Variational Omni: RFQ quote, 3 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 Variational Omni RFQ quote, 3 min ago | 2.57 bp | doesn't fit | 3.3 bp −$33 | 6.3 bp −$634 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XAGUSD | −0.0272% | 1h | 66.211 | +0.092% | $766K | $569K | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 66.175 | +0.038% | $15K | — | 5x | as long as short |
| Bybit XAGUSDT | 0.0000% | 4h | 66.260 | +0.166% | $25.6M | $33.3M | 150x | as long as short |
| RISEx XAG/USDC | 0.0000% | 1h | 66.240 | +0.135% | $1.3M | $4.2M | 20x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.240 | +0.136% | $146.2M | $173.0M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.250 | +0.151% | $2K | $3.1M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.270 | +0.181% | $1.0M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.260 | +0.166% | $1.5M | $248K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.171 | +0.031% | $120K | — | 250x | as long as short |
| QFEX SILVER-USD | +0.0016% | 1h | 66.230 | +0.121% | $144K | $2.8M | 20x | as long as short |
Show all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XAG | +0.0032% | 1h | 66.228 | +0.117% | $4.7M | $9.8M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.170 | +0.030% | $5.5M | $12.4M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.378% | $11K | $94K | 52x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 66.190 | +0.060% | $792K | $2.7M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.671 | +0.788% | — | — | 25x | as long as short |
| tradeXYZ xyz:SILVER | +0.0050% | 1h | 66.203 | +0.080% | $165.0M | $88.4M | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.206 | +0.085% | $3.9M | $698K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.170 | +0.030% | $4K | $5K | 20x | as long as short |
| Ondo Perps XAG-USD.Plong | +0.0050% | 1h | 66.150 | long leg | $5.7M | $9.9M | 25x | |
| Kalshi KXSILVERPERP | +0.0057% | 24h | 66.195 | +0.068% | $583K | $21.3M | 8.1x | as long as short |
| Aster XAGUSDT | +0.0063% | 4h | 66.252 | +0.155% | $2.8M | $1.0M | 100x | as long as short |
| Variational Omni XAGshort | +0.0064% | 4h | 66.237 | +0.131% | $5.5M | $10.5M | — | |
| Bitget XAGUSDT | +0.0064% | 4h | 66.260 | +0.166% | $24.0M | $47.8M | 100x | as long as short |
| Hotstuff SILVER-PERP | +0.0072% | 1h | 66.203 | +0.080% | $35K | $21K | 20x | as long as short |
| Phoenix SILVER | +0.0073% | 1h | 66.194 | +0.067% | $56K | $26K | 25x | as long as short |
| MEXC SILVER_USDT | +0.0080% | 4h | 66.240 | +0.136% | $121.6M | $182.2M | 1000x | as long as short |
| Binance XAGUSDT | +0.0082% | 4h | 66.250 | +0.151% | $189.7M | $728.5M | 100x | as long as short |
| edgeX XAGUSDC | +0.0084% | 4h | 66.235 | +0.129% | $672K | $315K | 30x | as long as short |
| Aevo XAG-PERP | +0.0088% | 1h | 66.233 | +0.125% | $48K | — | 10x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.184 | +0.051% | $473K | $625K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.210 | +0.091% | $24.3M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.180 | +0.045% | $113K | $26K | 50x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0104% | 1h | 66.220 | +0.106% | $1.9M | $862K | 20x | as long as short |
| GRVT XAG_USDT_Perp | +0.0110% | 4h | 66.240 | +0.136% | $390K | $1.5M | 25x | as long as short |
| Paradex XAG-USD-PERP | +0.0116% | 8h | 66.224 | +0.112% | $30K | $1K | 5x | as long as short |
| BloFin XAG-USDT | +0.0123% | 4h | 66.250 | +0.151% | $2.5M | $847K | 100x | as long as short |
| Aftermath Perps XAGUSD | +0.0125% | 1h | 66.196 | +0.070% | $80K | $40K | 10x | as long as short |
| Lighter XAG | +0.0136% | 1h | 66.229 | +0.119% | $5.2M | $11.0M | 25x | as long as short |
| Hibachi XAG/USDT-P | +0.0144% | 1h | 66.193 | +0.066% | $20K | $22K | 10x | as long as short |
| OKX XAG-USDT-SWAP | +0.0172% | 8h | 66.260 | +0.166% | $27.3M | $66.4M | 50x | as long as short |
| Nado XAG-PERP | +0.0221% | 1h | 66.181 | +0.046% | $1.3M | $6.5M | 10x | as long as short |
| Bullet SILVER-USD | +0.0264% | 1h | 66.244 | +0.143% | $44K | $74K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0302% / S −0.0300% | 1h | 66.245 | +0.144% | $103K | — | 111x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0354% | 1h | 66.220 | +0.106% | $51K | $359K | 20x | as long as short |
Variational Omni XAG
Kraken Futures PF_XAGUSD
Bybit XAGUSDT
RISEx XAG/USDC
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 PERP
StandX XAG-USD
tradeXYZ xyz:SILVER
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Kalshi KXSILVERPERP
Aster XAGUSDT
Bitget XAGUSDT
Phoenix SILVER
MEXC SILVER_USDT
Binance XAGUSDT
edgeX XAGUSDC
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Coinbase International SILVER-PERP-INTX
GRVT XAG_USDT_Perp
Paradex XAG-USD-PERP
BloFin XAG-USDT
Aftermath Perps XAGUSD
Lighter XAG
OKX XAG-USDT-SWAP
Bullet SILVER-USD
GMX SILVER/USD [ETH-USDC]
Deribit SILVER_USDC-PERPETUAL