XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0031%/8h= −3.4% APRnext payment −$0.15 per $10,000 · paid last 24h −0.032%

Price spread now: Phemex against Variational Omni−0.067%7-day average +0.039% · you buy dearer than you sell

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

Long on Variational Omni Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.041%−$4 on $10k

Price spread, last 4 days (all we have)+0.141%+$14 · spread now −0.067%, 7d avg +0.039%

Together, before fees+0.100%+ Points / potential airdropVariational Omni: Active · farm board+$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Phemex is 0.106% cheaper against Variational Omni than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.039%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XAG	65.344	0.0031	pay 0.0015% / 4h	1h 04m	$5.5M	$9.3M	—
Short	Phemex XAGUSDT	65.300	0	get 0.0000% / 4h	1h 04m	$1.5M	$281K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 it

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 Variational OmnibpFee PhemexbpOrdersPrice spread, now −0.067%Rate

Funding earned: −$6.5
Price spread: −0.067% → +0.039%: −$10.6
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$29.11
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Phemex: live order book, 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 Variational Omni RFQ quote, 5 min ago	2.58 bp	doesn't fit	2.6 bp −$26	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	0.76 bp	11.3 bp −$11	17.8 bp −$178	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
Ondo Perps XAG-USD.P	−0.0074%	1h	65.180	−0.250%	$5.6M	$9.7M	25x	as long as short
Hotstuff SILVER-PERP	−0.0008%	1h	65.326	−0.027%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	65.235	−0.166%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.280	−0.097%	$27.7M	$39.5M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.270	−0.113%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.330	−0.021%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDTshort	0.0000%	4h	65.300	−0.067%	$1.5M	$281K	100x
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.209	−0.206%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0030%	4h	65.290	−0.082%	$140.9M	$184.4M	100x	as long as short
Variational Omni XAGlong	+0.0031%	4h	65.344	long leg	$5.5M	$9.3M	—

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XAG	+0.0032%	1h	65.268	−0.115%	$4.6M	$9.8M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.211	−0.203%	$5.1M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.617%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.320	−0.036%	$786K	$2.9M	40x	as long as short
Aster XAGUSDT	+0.0040%	4h	65.280	−0.097%	$2.7M	$975K	100x	as long as short
Vest SI-PERP	+0.0046%	1h	65.698	+0.542%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0050%	1h	65.280	−0.097%	$151K	$1.4M	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.245	−0.151%	$3.8M	$854K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.210	−0.204%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0053%	8h	65.274	−0.106%	$29K	$1K	5x	as long as short
MEXC SILVER_USDT	+0.0054%	4h	65.260	−0.128%	$116.8M	$157.9M	1000x	as long as short
Binance XAGUSDT	+0.0055%	4h	65.270	−0.113%	$191.3M	$762.7M	100x	as long as short
edgeX XAGUSDC	+0.0058%	4h	65.376	+0.049%	$665K	$312K	30x	as long as short
tradeXYZ xyz:SILVER	+0.0058%	1h	65.238	−0.162%	$170.1M	$82.9M	25x	as long as short
RISEx XAG/USDC	+0.0061%	1h	65.293	−0.078%	$1.2M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0061%	1h	65.287	−0.087%	$56K	$31K	25x	as long as short
Aevo XAG-PERP	+0.0072%	1h	65.265	−0.120%	$47K	—	10x	as long as short
Kalshi KXSILVERPERP	+0.0078%	24h	65.260	−0.128%	$473K	$31.2M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	65.237	−0.163%	$468K	$625K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.240	−0.158%	$25.3M	$5.0M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.340	−0.005%	$112K	$19K	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0120%	1h	65.290	−0.082%	$1.6M	$1.4M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0136%	4h	65.371	+0.042%	$391K	$1.6M	25x	as long as short
Nado XAG-PERP	+0.0149%	1h	65.249	−0.145%	$1.2M	$5.1M	10x	as long as short
Lighter XAG	+0.0160%	1h	65.276	−0.103%	$5.3M	$11.6M	25x	as long as short
Hibachi XAG/USDT-P	+0.0160%	1h	65.300	−0.067%	$20K	$19K	10x	as long as short
Bitget XAGUSDT	+0.0170%	4h	65.270	−0.113%	$23.7M	$46.3M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0183%	8h	65.280	−0.097%	$28.0M	$70.8M	50x	as long as short
Bullet SILVER-USD	+0.0203%	1h	65.281	−0.095%	$44K	$76K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0210%	1h	65.250	−0.143%	$65K	$384K	20x	as long as short
Aftermath Perps XAGUSD	+0.0214%	1h	65.291	−0.080%	$78K	$37K	10x	as long as short
BloFin XAG-USDT	+0.0222%	4h	65.340	−0.005%	$2.6M	$591K	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.275	−0.105%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0493%	1h	65.252	−0.140%	$1.0M	$877K	25x	as long as short