Funding you earn now, next payment 06:00 UTC−0.0051%/8h= −5.6% APRpaid last 24h −0.018%
Price spread now: QFEX against Variational Omni+0.011%7-day average −0.043% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.021%−$2 on $10k
+Price spread, last 7 days−0.037%−$4 · spread now +0.011%, 7d avg −0.043%
=Together, before fees−0.058%+ Points / potential airdropVariational Omni: Active · farm board−$6 on $10k · with fees, hour by hour
The price spread pays, funding is against you. QFEX is 0.054% dearer against Variational Omni than usual: you sell high and buy low (spread +0.011% now, against its 7-day average of −0.043%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.5 days. At the pace of the last 4 days (−0.021% in total) that is about 9.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni XAG | 65.593 | 0.0101 | pay 0.0051% / 4h | 1h 57m | $5.5M | $9.4M | — |
| Short | QFEX SILVER-USD | 65.600 | 0.0050 | get 0.0006% / 1h | 57m 13s | $152K | $2.8M | 20x |
Variational Omni XAG
QFEX SILVER-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$10.79
- Price spread: +0.011% → −0.043%
- $5.42
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$15.37
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; QFEX: live order book, 6 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, 2 min ago | 2.58 bp | doesn't fit | 2.6 bp −$26 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 6 min ago | 2.29 bp | 8.7 bp −$9 | 8.8 bp −$88 | 10.1 bp −$1,006 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi XAG/USDT-P | −0.0080% | 1h | 65.560 | −0.050% | $20K | $19K | 10x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.584 | −0.013% | $12K | $5K | 5x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.610 | +0.026% | $2K | $2.6M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.620 | +0.041% | $1.1M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.590 | −0.004% | $1.5M | $280K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.549 | −0.067% | $119K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.593 | 0.000% | $4.7M | $9.5M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.552 | −0.063% | $5.1M | $11.6M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +1.231% | $11K | $94K | 52x | as long as short |
| Phoenix SILVER | +0.0036% | 1h | 65.534 | −0.090% | $56K | $26K | 25x | as long as short |
Hibachi XAG/USDT-P
dYdX XAG-USD
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Lighter RH XAG
Extended XAG-USD
Injective XAG/USDC PERP
Phoenix SILVERShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate XAG_USDT | +0.0038% | 4h | 65.620 | +0.041% | $144.3M | $176.0M | 100x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 65.590 | −0.004% | $789K | $3.0M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.028 | +0.663% | — | — | 25x | as long as short |
| Ondo Perps XAG-USD.P | +0.0046% | 1h | 65.490 | −0.157% | $5.6M | $9.7M | 25x | as long as short |
| Hotstuff SILVER-PERP | +0.0048% | 1h | 65.575 | −0.027% | $35K | $21K | 20x | as long as short |
| QFEX SILVER-USDshort | +0.0050% | 1h | 65.600 | +0.011% | $152K | $2.8M | 20x | |
| tradeXYZ xyz:SILVER | +0.0050% | 1h | 65.569 | −0.036% | $170.9M | $82.8M | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.575 | −0.027% | $3.9M | $711K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.546 | −0.071% | $3K | $6K | 20x | as long as short |
| Aster XAGUSDT | +0.0060% | 4h | 65.610 | +0.026% | $2.7M | $955K | 100x | as long as short |
| Paradex XAG-USD-PERP | +0.0061% | 8h | 65.595 | +0.003% | $29K | $1K | 5x | as long as short |
| RISEx XAG/USDC | +0.0061% | 1h | 65.609 | +0.024% | $1.2M | $4.9M | 20x | as long as short |
| Bybit XAGUSDT | +0.0073% | 4h | 65.620 | +0.041% | $28.8M | $39.1M | 150x | as long as short |
| Kalshi KXSILVERPERP | +0.0077% | 24h | 65.609 | +0.025% | $466K | $29.2M | 8.1x | as long as short |
| Nado XAG-PERP | +0.0097% | 1h | 65.581 | −0.019% | $1.2M | $5.6M | 10x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.558 | −0.053% | $468K | $629K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.570 | −0.035% | $24.7M | $4.8M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.560 | −0.050% | $112K | $19K | 50x | as long as short |
| Variational Omni XAGlong | +0.0101% | 4h | 65.593 | long leg | $5.5M | $9.4M | — | |
| Aevo XAG-PERP | +0.0104% | 1h | 65.601 | +0.013% | $47K | — | 10x | as long as short |
| Binance XAGUSDT | +0.0106% | 4h | 65.607 | +0.021% | $188.5M | $744.6M | 100x | as long as short |
| MEXC SILVER_USDT | +0.0106% | 4h | 65.600 | +0.011% | $113.0M | $156.1M | 1000x | as long as short |
| edgeX XAGUSDC | +0.0119% | 4h | 65.591 | −0.002% | $668K | $314K | 30x | as long as short |
| Lighter XAG | +0.0120% | 1h | 65.598 | +0.008% | $5.4M | $11.2M | 25x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0120% | 1h | 65.580 | −0.020% | $1.6M | $1.3M | 20x | as long as short |
| GRVT XAG_USDT_Perp | +0.0152% | 4h | 65.604 | +0.016% | $395K | $1.6M | 25x | as long as short |
| Bullet SILVER-USD | +0.0195% | 1h | 65.617 | +0.036% | $44K | $76K | 10x | as long as short |
| Bitget XAGUSDT | +0.0200% | 4h | 65.620 | +0.041% | $23.8M | $46.3M | 100x | as long as short |
| OKX XAG-USDT-SWAP | +0.0204% | 8h | 65.600 | +0.011% | $27.8M | $70.4M | 50x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0208% | 1h | 65.590 | −0.004% | $66K | $369K | 20x | as long as short |
| Aftermath Perps XAGUSD | +0.0208% | 1h | 65.580 | −0.020% | $79K | $37K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0321% / S −0.0301% | 1h | 65.605 | +0.019% | $93K | — | 111x | as long as short |
| BloFin XAG-USDT | +0.0346% | 4h | 65.600 | +0.011% | $2.6M | $619K | 100x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0491% | 1h | 65.566 | −0.041% | $915K | $735K | 25x | as long as short |
Gate XAG_USDT
StandX XAG-USD
Vest SI-PERP
Ondo Perps XAG-USD.P
Hotstuff SILVER-PERP
tradeXYZ xyz:SILVER
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Aster XAGUSDT
Paradex XAG-USD-PERP
RISEx XAG/USDC
Bybit XAGUSDT
Kalshi KXSILVERPERP
Nado XAG-PERP
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Aevo XAG-PERP
Binance XAGUSDT
MEXC SILVER_USDT
edgeX XAGUSDC
Lighter XAG
Coinbase International SILVER-PERP-INTX
GRVT XAG_USDT_Perp
Bullet SILVER-USD
Bitget XAGUSDT
OKX XAG-USDT-SWAP
Deribit SILVER_USDC-PERPETUAL
Aftermath Perps XAGUSD
GMX SILVER/USD [ETH-USDC]
BloFin XAG-USDT
Kraken Futures PF_XAGUSD