Funding you earn now, next payment 05:00 UTC−0.0203%/8h= −22.2% APRpaid last 24h −0.044%
Price spread now: Hotstuff against Variational Omni−0.098%7-day average — · you buy dearer than you sell
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 airdropVariational Omni: Active · Hotstuff: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Hotstuff is 0.098% cheaper against Variational Omni than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni XAG | 65.973 | 0.0203 | pay 0.0102% / 4h | 3h 55m | $5.6M | $9.5M | — |
| Short | Hotstuff SILVER-PERP | 65.909 | 0 | get 0.0000% / 1h | 55m 21s | $35K | $21K | 20x |
Variational Omni XAG
Hotstuff SILVER-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff against Variational Omni. 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
- −$42.63
- Price spread: −0.098% → 0.000%
- −$9.77
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$57.4
- Costs to cover
- 0.050%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Hotstuff: no order-book sample. 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 Variational Omni RFQ quote, 4 min ago | 2.58 bp | doesn't fit | 3.3 bp −$33 | doesn't fit | doesn't fit |
| Sell Hotstuff no order-book sample | — | — | — | — | — |
Hotstuff: 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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps XAG-USD.P | −0.0083% | 1h | 65.820 | −0.233% | $5.7M | $9.3M | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.876 | −0.148% | $14K | — | 5x | as long as short |
| Hotstuff SILVER-PERPshort | 0.0000% | 1h | 65.909 | −0.098% | $35K | $21K | 20x | |
| Gate XAG_USDT | 0.0000% | 4h | 65.980 | +0.010% | $149.8M | $162.7M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.980 | +0.010% | $2K | $2.7M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.030 | +0.086% | $1.0M | $968K | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.040 | +0.101% | $1.5M | $320K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.913 | −0.092% | $120K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.922 | −0.078% | $4.8M | $9.4M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.888 | −0.129% | $5.2M | $11.5M | 10x | as long as short |
Ondo Perps XAG-USD.P
dYdX XAG-USD
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
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 | +0.647% | $11K | $94K | 52x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 65.980 | +0.010% | $794K | $3.1M | 40x | as long as short |
| Bybit XAGUSDT | +0.0043% | 4h | 66.000 | +0.040% | $27.2M | $36.3M | 150x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.398 | +0.644% | — | — | 25x | as long as short |
| tradeXYZ xyz:SILVER | +0.0050% | 1h | 65.931 | −0.064% | $165.9M | $73.9M | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.932 | −0.063% | $3.9M | $674K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.918 | −0.084% | $3K | $6K | 20x | as long as short |
| QFEX SILVER-USD | +0.0060% | 1h | 65.930 | −0.066% | $115K | $2.7M | 20x | as long as short |
| Phoenix SILVER | +0.0060% | 1h | 65.968 | −0.008% | $56K | $26K | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0072% | 24h | 65.934 | −0.060% | $507K | $25.6M | 8.1x | as long as short |
| RISEx XAG/USDC | +0.0080% | 1h | 65.950 | −0.036% | $1.3M | $4.9M | 20x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.885 | −0.134% | $469K | $615K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.940 | −0.051% | $24.5M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.940 | −0.051% | $113K | $30K | 50x | as long as short |
| GRVT XAG_USDT_Perp | +0.0116% | 4h | 65.980 | +0.010% | $393K | $1.5M | 25x | as long as short |
| Lighter XAG | +0.0128% | 1h | 65.936 | −0.057% | $5.2M | $10.6M | 25x | as long as short |
| Paradex XAG-USD-PERP | +0.0137% | 8h | 65.930 | −0.066% | $30K | $1K | 5x | as long as short |
| Aster XAGUSDT | +0.0146% | 4h | 65.964 | −0.015% | $2.7M | $863K | 100x | as long as short |
| Nado XAG-PERP | +0.0158% | 1h | 65.912 | −0.093% | $1.4M | $6.2M | 10x | as long as short |
| Aevo XAG-PERP | +0.0192% | 1h | 65.969 | −0.006% | $47K | — | 10x | as long as short |
| Variational Omni XAGlong | +0.0203% | 4h | 65.973 | long leg | $5.6M | $9.5M | — | |
| Bullet SILVER-USD | +0.0205% | 1h | 65.975 | +0.002% | $44K | $75K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0205% | 1h | 65.960 | −0.020% | $75K | $363K | 20x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0208% | 1h | 66.020 | +0.071% | $1.8M | $1.0M | 20x | as long as short |
| MEXC SILVER_USDT | +0.0212% | 4h | 65.960 | −0.020% | $112.2M | $151.5M | 1000x | as long as short |
| Binance XAGUSDT | +0.0212% | 4h | 65.968 | −0.008% | $190.9M | $703.0M | 100x | as long as short |
| Aftermath Perps XAGUSD | +0.0226% | 1h | 65.952 | −0.032% | $79K | $36K | 10x | as long as short |
| edgeX XAGUSDC | +0.0234% | 4h | 65.993 | +0.029% | $670K | $310K | 30x | as long as short |
| OKX XAG-USDT-SWAP | +0.0235% | 8h | 65.990 | +0.025% | $27.6M | $64.7M | 50x | as long as short |
| BloFin XAG-USDT | +0.0249% | 4h | 66.000 | +0.040% | $2.6M | $552K | 100x | as long as short |
| Bitget XAGUSDT | +0.0252% | 4h | 65.980 | +0.010% | $23.9M | $45.6M | 100x | as long as short |
| Hibachi XAG/USDT-P | +0.0376% | 1h | 65.923 | −0.077% | $20K | $19K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0383% / S −0.0424% | 1h | 65.975 | +0.002% | $103K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0625% | 1h | 65.935 | −0.059% | $910K | $683K | 25x | as long as short |
Injective XAG/USDC PERP
StandX XAG-USD
Bybit XAGUSDT
Vest SI-PERP
tradeXYZ xyz:SILVER
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
QFEX SILVER-USD
Phoenix SILVER
Kalshi KXSILVERPERP
RISEx XAG/USDC
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
GRVT XAG_USDT_Perp
Lighter XAG
Paradex XAG-USD-PERP
Aster XAGUSDT
Nado XAG-PERP
Aevo XAG-PERP
Bullet SILVER-USD
Deribit SILVER_USDC-PERPETUAL
Coinbase International SILVER-PERP-INTX
MEXC SILVER_USDT
Binance XAGUSDT
Aftermath Perps XAGUSD
edgeX XAGUSDC
OKX XAG-USDT-SWAP
BloFin XAG-USDT
Bitget XAGUSDT
Hibachi XAG/USDT-P
GMX SILVER/USD [ETH-USDC]
Kraken Futures PF_XAGUSD