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Funding arb · Price arb /

XAG

RWAall XAG markets
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Alert: funding
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Alert: spread
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Funding you earn now, next payment 21:00 UTC+0.0018%/8h= +1.9% APRpaid last 24h −0.009%
Price spread now: Phoenix against Variational Omni−0.114%84s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on Variational OmniShort on Phoenix
What this pair did over the last
the charts below follow
Funding, last 3 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 · farm boardneeds both histories
Funding pays, the price is against you. Phoenix is 0.114% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.114% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 21 days of funding at the current rate (+$1 a day). The two prices were read 84 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni XAG66.2070.0055pay 0.0027% / 4h1h 30m$5.5M$10.5M—
ShortPhoenix SILVER66.1310.0073get 0.0009% / 1h30m 03s$56K$26K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix 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

Funding earned
$3.73
Price spread: −0.114% → 0.000%
−$11.44
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$14.7
Costs to cover
0.070%
Break-even
34.6 days
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Phoenix: 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
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 4 min ago2.57 bpdoesn't fit2.6 bp −$268.5 bp −$853doesn't fit
Sell Phoenix no order-book sample—————
Phoenix: 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 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_XAGUSD−0.0272%1h66.198−0.014%$767K$576K25xas long as short
dYdX XAG-USD0.0000%1h66.121−0.129%$15K—5xas long as short
Bybit XAGUSDT0.0000%4h66.230+0.035%$25.5M$33.3M150xas long as short
RISEx XAG/USDC0.0000%1h66.226+0.030%$1.3M$4.2M20xas long as short
Hotstuff SILVER-PERP0.0000%1h66.183−0.036%$35K$21K20xas long as short
Gate XAG_USDT0.0000%4h66.210+0.005%$146.4M$172.5M100xas long as short
SunX XAG-USDT0.0000%4h66.230+0.035%$2K$3.1M20xas long as short
HTX XAG-USDT0.0000%4h66.240+0.050%$1.0M$1.1M75xas long as short
Phemex XAGUSDT0.0000%4h66.230+0.035%$1.5M$248K100xas long as short
gTrade (Gains Network) XAG/USDL +0.0004% / S −0.0006%1h66.159−0.072%$120K—250xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX SILVER-USD+0.0016%1h66.210+0.005%$144K$2.8M20xas long as short
Lighter RH XAG+0.0032%1h66.210+0.005%$4.7M$9.7M25xas long as short
Extended XAG-USD+0.0032%1h66.155−0.078%$5.5M$13.1M10xas long as short
Aster XAGUSDT+0.0032%4h66.230+0.035%$2.8M$1.0M100xas long as short
Injective XAG/USDC PERP+0.0033%1h66.400+0.292%$11K$94K52xas long as short
Bitget XAGUSDT+0.0038%4h66.230+0.035%$23.7M$47.7M100xas long as short
StandX XAG-USD+0.0040%1h66.150−0.086%$792K$2.8M40xas long as short
Vest SI-PERP+0.0046%1h66.654+0.676%——25xas long as short
tradeXYZ xyz:SILVER+0.0050%1h66.189−0.027%$164.9M$88.8M25xas long as short
Polymarket Perps SILVER-USD+0.0050%1h66.194−0.019%$3.9M$694K20xas long as short
SoDEX SILVER-USD+0.0050%1h66.158−0.074%$4K$5K20xas long as short
Ondo Perps XAG-USD.P+0.0050%1h66.120−0.131%$5.6M$9.9M25xas long as short
Variational Omni XAGlong+0.0055%4h66.207long leg$5.5M$10.5M—
Kalshi KXSILVERPERP+0.0056%24h66.184−0.034%$592K$21.6M8.1xas long as short
MEXC SILVER_USDT+0.0068%4h66.220+0.020%$117.0M$181.6M1000xas long as short
Binance XAGUSDT+0.0070%4h66.232+0.038%$189.6M$731.0M100xas long as short
GRVT XAG_USDT_Perp+0.0072%4h66.220+0.020%$389K$1.5M25xas long as short
Aevo XAG-PERP+0.0072%1h66.221+0.022%$48K—10xas long as short
Phoenix SILVERshort+0.0073%1h66.131−0.114%$56K$26K25x
edgeX XAGUSDC+0.0079%4h66.198−0.013%$671K$315K30xas long as short
BloFin XAG-USDT+0.0085%4h66.210+0.005%$2.5M$836K100xas long as short
Pacifica XAG+0.0100%1h66.167−0.060%$473K$629K10xas long as short
KuCoin XAGUSDTM+0.0100%4h66.170−0.055%$24.3M$4.5M75xas long as short
ApeX Omni XAGUSDT+0.0100%1h66.130−0.116%$113K$26K50xas long as short
Coinbase International SILVER-PERP-INTX+0.0104%1h66.190−0.025%$1.9M$861K20xas long as short
Aftermath Perps XAGUSD+0.0111%1h66.175−0.048%$80K$40K10xas long as short
Paradex XAG-USD-PERP+0.0114%8h66.208+0.002%$30K$1K5xas long as short
Lighter XAG+0.0128%1h66.213+0.009%$5.1M$10.9M25xas long as short
OKX XAG-USDT-SWAP+0.0161%8h66.220+0.020%$27.3M$66.3M50xas long as short
Nado XAG-PERP+0.0213%1h66.166−0.062%$1.3M$6.5M10xas long as short
Bullet SILVER-USD+0.0261%1h66.237+0.046%$44K$74K10xas long as short
GMX SILVER/USD [ETH-USDC]L +0.0303% / S −0.0300%1h66.235+0.043%$103K—29xas long as short
Deribit SILVER_USDC-PERPETUAL+0.0355%1h66.210+0.005%$51K$360K20xas long as short