Funding you earn now, next payment 00:00 UTC−0.0036%/8h= −3.9% APRpaid last 24h −0.011%
Price spread now: Polymarket Perps against Variational Omni−0.055%55s7-day average −0.096% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.013%+$1 on $10k
+Price spread, last 7 days−0.035%−$4 · spread now −0.055%, 7d avg −0.096%
=Together, before fees−0.023%+ Points / potential airdropVariational Omni: Active · farm board−$2 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Polymarket Perps is 0.040% dearer against Variational Omni than usual: you sell high and buy low (spread −0.055% now, against its 7-day average of −0.096%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.8 days. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni XAG | 66.457 | 0.0086 | pay 0.0043% / 4h | 46m 39s | $5.6M | $10.3M | — |
| Short | Polymarket Perps SILVER-USD | 66.420 | 0.0050 | get 0.0006% / 1h | 46m 39s | $3.9M | $699K | 20x |
Variational Omni XAG
Polymarket Perps SILVER-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$7.47
- Price spread: −0.055% → −0.096%
- $4.05
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$11.42
- Costs to cover
- 0.080%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Polymarket Perps: live order book, 2 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, 3 min ago | 2.56 bp | doesn't fit | 2.6 bp −$26 | 5.0 bp −$498 | doesn't fit |
| Sell Polymarket Perps live order book, 2 min ago | 1.05 bp | 5.3 bp −$5 | 5.4 bp −$54 | 6.1 bp −$605 | 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 | 66.428 | −0.042% | $15K | — | 5x | as long as short |
| Bybit XAGUSDT | 0.0000% | 4h | 66.490 | +0.050% | $25.8M | $33.3M | 150x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.470 | +0.020% | $147.4M | $169.6M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.450 | −0.010% | $2K | $3.1M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.490 | +0.050% | $1.0M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.460 | +0.005% | $1.5M | $250K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.395 | −0.092% | $120K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.450 | −0.010% | $4.8M | $9.6M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.404 | −0.080% | $5.5M | $12.3M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | −0.085% | $11K | $94K | 52x | as long as short |
dYdX XAG-USD
Bybit XAGUSDT
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 PERPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix SILVER | +0.0036% | 1h | 66.397 | −0.090% | $56K | $26K | 25x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 66.400 | −0.085% | $795K | $2.7M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.893 | +0.657% | — | — | 25x | as long as short |
| Hotstuff SILVER-PERP | +0.0048% | 1h | 66.436 | −0.031% | $35K | $21K | 20x | as long as short |
| Polymarket Perps SILVER-USDshort | +0.0050% | 1h | 66.420 | −0.055% | $3.9M | $699K | 20x | |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.396 | −0.091% | $4K | $5K | 20x | as long as short |
| Ondo Perps XAG-USD.P | +0.0050% | 1h | 66.350 | −0.161% | $5.7M | $10.0M | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0059% | 24h | 66.413 | −0.066% | $592K | $21.3M | 8.1x | as long as short |
| QFEX SILVER-USD | +0.0061% | 1h | 66.470 | +0.020% | $124K | $2.8M | 20x | as long as short |
| tradeXYZ xyz:SILVER | +0.0069% | 1h | 66.431 | −0.039% | $165.5M | $87.5M | 25x | as long as short |
| Variational Omni XAGlong | +0.0086% | 4h | 66.457 | long leg | $5.6M | $10.3M | — | |
| Aster XAGUSDT | +0.0088% | 4h | 66.470 | +0.020% | $2.8M | $1.1M | 100x | as long as short |
| MEXC SILVER_USDT | +0.0098% | 4h | 66.460 | +0.005% | $113.9M | $152.8M | 1000x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.405 | −0.078% | $475K | $625K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.420 | −0.055% | $24.5M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.400 | −0.085% | $126K | $26K | 50x | as long as short |
| Binance XAGUSDT | +0.0100% | 4h | 66.470 | +0.020% | $191.7M | $726.5M | 100x | as long as short |
| Aevo XAG-PERP | +0.0104% | 1h | 66.452 | −0.006% | $48K | — | 10x | as long as short |
| Paradex XAG-USD-PERP | +0.0105% | 8h | 66.455 | −0.003% | $30K | $1K | 5x | as long as short |
| edgeX XAGUSDC | +0.0110% | 4h | 66.444 | −0.019% | $674K | $315K | 30x | as long as short |
| BloFin XAG-USDT | +0.0111% | 4h | 66.450 | −0.010% | $2.6M | $650K | 100x | as long as short |
| Lighter XAG | +0.0112% | 1h | 66.452 | −0.008% | $5.2M | $10.3M | 25x | as long as short |
| Bitget XAGUSDT | +0.0114% | 4h | 66.470 | +0.020% | $24.2M | $47.9M | 100x | as long as short |
| Aftermath Perps XAGUSD | +0.0147% | 1h | 66.421 | −0.053% | $80K | $40K | 10x | as long as short |
| GRVT XAG_USDT_Perp | +0.0152% | 4h | 66.460 | +0.005% | $395K | $1.4M | 25x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0160% | 1h | 66.460 | +0.005% | $1.9M | $860K | 20x | as long as short |
| OKX XAG-USDT-SWAP | +0.0188% | 8h | 66.470 | +0.020% | $27.6M | $66.3M | 50x | as long as short |
| RISEx XAG/USDC | +0.0208% | 1h | 66.471 | +0.022% | $1.3M | $4.2M | 20x | as long as short |
| Bullet SILVER-USD | +0.0246% | 1h | 66.455 | −0.002% | $45K | $76K | 10x | as long as short |
| Nado XAG-PERP | +0.0254% | 1h | 66.425 | −0.048% | $1.3M | $6.5M | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0258% / S −0.0231% | 1h | 66.455 | −0.003% | $103K | — | 111x | as long as short |
| Hibachi XAG/USDT-P | +0.0288% | 1h | 66.400 | −0.085% | $20K | $22K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0352% | 1h | 66.450 | −0.010% | $51K | $360K | 20x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0596% | 1h | 66.427 | −0.044% | $768K | $569K | 25x | as long as short |
Phoenix SILVER
StandX XAG-USD
Vest SI-PERP
Hotstuff SILVER-PERP
SoDEX SILVER-USD
Ondo Perps XAG-USD.P
Kalshi KXSILVERPERP
QFEX SILVER-USD
tradeXYZ xyz:SILVER
Aster XAGUSDT
MEXC SILVER_USDT
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Binance XAGUSDT
Aevo XAG-PERP
Paradex XAG-USD-PERP
edgeX XAGUSDC
BloFin XAG-USDT
Lighter XAG
Bitget XAGUSDT
Aftermath Perps XAGUSD
GRVT XAG_USDT_Perp
Coinbase International SILVER-PERP-INTX
OKX XAG-USDT-SWAP
RISEx XAG/USDC
Bullet SILVER-USD
Nado XAG-PERP
GMX SILVER/USD [ETH-USDC]
Hibachi XAG/USDT-P
Deribit SILVER_USDC-PERPETUAL
Kraken Futures PF_XAGUSD