XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0174%/8h= +19.0% APRnext payment +$0.87 per $10,000 · paid last 24h +0.028%

Price spread now: Variational Omni against Phemex−0.072%7-day average −0.040% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phemex Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.030%+$3 on $10k

Price spread, last 4 days (all we have)−0.119%−$12 · spread now −0.072%, 7d avg −0.040%

Together, before fees−0.089%+ Points / potential airdropVariational Omni: Active · farm board−$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.033% cheaper against Phemex than usual: you would sell low and buy high (spread −0.072% now, against its 7-day average of −0.040%). If the spread goes back, that is −$3 on $10k: about 15 hours of funding at the current rate (+$5 a day). At the pace of the last 3 days (+0.030% in total) that is about 3.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex XAGUSDT	66.220	0	get 0.0000% / 4h	1h 09m	$1.5M	$252K	100x
Short	Variational Omni XAG	66.172	0.0174	get 0.0087% / 4h	1h 09m	$5.6M	$9.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Phemex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PhemexbpFee Variational OmnibpOrdersPrice spread, now −0.072%Rate

Funding earned: $36.48
Price spread: −0.072% → −0.040%: −$3.27
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $21.21
Costs to cover: 0.120%
Break-even: 2.9 days

Slippage unknown: Phemex: live order book, 3 min ago; Variational Omni: RFQ quote, 4 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 Phemex live order book, 3 min ago	0.75 bp	11.2 bp −$11	18.6 bp −$186	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	2.57 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	66.142	−0.117%	$15K	—	5x	as long as short
Hotstuff SILVER-PERP	0.0000%	1h	66.172	−0.072%	$35K	$21K	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.210	−0.015%	$149.9M	$165.1M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.200	−0.030%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.230	+0.015%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDTlong	0.0000%	4h	66.220	long leg	$1.5M	$252K	100x
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.127	−0.141%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.176	−0.066%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.122	−0.148%	$5.2M	$12.0M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.272%	$11K	$94K	52x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	66.180	−0.060%	$796K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.625	+0.612%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.152	−0.103%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.125	−0.143%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.090	−0.196%	$5.7M	$9.7M	25x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.180	−0.060%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0066%	24h	66.157	−0.095%	$545K	$24.9M	8.1x	as long as short
Phoenix SILVER	+0.0084%	1h	66.217	−0.005%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0094%	1h	66.170	−0.076%	$165.9M	$73.4M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.144	−0.115%	$471K	$611K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.150	−0.106%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.220	0.000%	$113K	$30K	50x	as long as short
Bybit XAGUSDT	+0.0125%	4h	66.230	+0.015%	$26.9M	$36.1M	150x	as long as short
Aster XAGUSDT	+0.0125%	4h	66.190	−0.045%	$2.7M	$877K	100x	as long as short
Paradex XAG-USD-PERP	+0.0126%	8h	66.188	−0.048%	$30K	$1K	5x	as long as short
Variational Omni XAGshort	+0.0174%	4h	66.172	−0.072%	$5.6M	$9.8M	—
Aevo XAG-PERP	+0.0176%	1h	66.188	−0.048%	$48K	—	10x	as long as short
RISEx XAG/USDC	+0.0181%	1h	66.200	−0.030%	$1.3M	$4.4M	20x	as long as short
Lighter XAG	+0.0184%	1h	66.187	−0.050%	$5.2M	$10.5M	25x	as long as short
MEXC SILVER_USDT	+0.0188%	4h	66.190	−0.045%	$106.1M	$154.0M	1000x	as long as short
Binance XAGUSDT	+0.0190%	4h	66.210	−0.015%	$191.9M	$706.1M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.180	−0.060%	$1.8M	$1.0M	20x	as long as short
BloFin XAG-USDT	+0.0205%	4h	66.190	−0.045%	$2.6M	$552K	100x	as long as short
edgeX XAGUSDC	+0.0210%	4h	66.256	+0.054%	$672K	$313K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0216%	8h	66.210	−0.015%	$27.7M	$65.8M	50x	as long as short
Nado XAG-PERP	+0.0221%	1h	66.143	−0.117%	$1.3M	$6.5M	10x	as long as short
Aftermath Perps XAGUSD	+0.0229%	1h	66.191	−0.044%	$80K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0240%	4h	66.210	−0.015%	$23.8M	$45.7M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0256%	4h	66.264	+0.067%	$390K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0271%	1h	66.206	−0.021%	$45K	$75K	10x	as long as short
Hibachi XAG/USDT-P	+0.0288%	1h	66.140	−0.121%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0358% / S −0.0383%	1h	66.205	−0.023%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0506%	1h	66.190	−0.045%	$50K	$322K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0550%	1h	66.165	−0.083%	$913K	$674K	25x	as long as short