Funding you earn now, next payment 06:00 UTC−0.0049%/8h= −5.4% APRpaid last 24h −0.013%
Price spread now: tradeXYZ against Variational Omni+0.275%7-day average −0.073% · 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)0.000%$0 on $10k
+Price spread, last 7 days−0.331%−$33 · spread now +0.275%, 7d avg −0.073%
=Together, before fees−0.330%+ Points / potential airdropVariational Omni: Active · tradeXYZ: Active · farm board−$33 on $10k · with fees, hour by hour
The price spread pays, funding is against you. tradeXYZ is 0.347% dearer against Variational Omni than usual: you sell high and buy low (spread +0.275% now, against its 7-day average of −0.073%): +$35 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 23 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni XAG | 65.414 | 0.0131 | pay 0.0065% / 4h | 2h 10m | $5.5M | $9.6M | — |
| Short | tradeXYZ xyz:SILVER | 65.594 | 0.0082 | get 0.0010% / 1h | 10m 54s | $171.0M | $82.6M | 25x |
Variational Omni XAG
tradeXYZ xyz:SILVERFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$10.36
- Price spread: +0.275% → −0.073%
- $34.74
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- $6.38
- Costs to cover
- 0.180%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; tradeXYZ: live order book, 9 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 | 2.57 bp | doesn't fit | 2.8 bp −$28 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 9 min ago | 0.54 bp | 10.4 bp −$10 | 10.8 bp −$108 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX XAG-USD | 0.0000% | 1h | 65.500 | +0.131% | $12K | $5K | 5x | as long as short |
| Ondo Perps XAG-USD.P | 0.0000% | 1h | 65.470 | +0.085% | $5.6M | $9.6M | 25x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.610 | +0.299% | $2K | $2.6M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.640 | +0.345% | $1.1M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.630 | +0.330% | $1.5M | $280K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.532 | +0.180% | $118K | — | 250x | as long as short |
| RISEx XAG/USDC | +0.0030% | 1h | 65.580 | +0.254% | $1.2M | $4.9M | 20x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.611 | +0.301% | $4.7M | $9.5M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.575 | +0.246% | $5.1M | $11.7M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +1.507% | $11K | $94K | 52x | as long as short |
dYdX XAG-USD
Ondo Perps XAG-USD.P
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
RISEx XAG/USDC
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 | 65.418 | +0.006% | $56K | $26K | 25x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 65.570 | +0.238% | $789K | $3.0M | 40x | as long as short |
| Gate XAG_USDT | +0.0042% | 4h | 65.650 | +0.360% | $145.0M | $179.7M | 100x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 65.987 | +0.876% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.532 | +0.180% | $3.9M | $710K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.567 | +0.234% | $3K | $6K | 20x | as long as short |
| QFEX SILVER-USD | +0.0051% | 1h | 65.540 | +0.192% | $157K | $2.8M | 20x | as long as short |
| Hotstuff SILVER-PERP | +0.0056% | 1h | 65.362 | −0.080% | $35K | $21K | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0064% | 8h | 65.560 | +0.222% | $29K | $1K | 5x | as long as short |
| Kalshi KXSILVERPERP | +0.0076% | 24h | 65.561 | +0.224% | $445K | $28.8M | 8.1x | as long as short |
| tradeXYZ xyz:SILVERshort | +0.0082% | 1h | 65.594 | +0.275% | $171.0M | $82.6M | 25x | |
| Aster XAGUSDT | +0.0089% | 4h | 65.630 | +0.330% | $2.7M | $944K | 100x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.515 | +0.154% | $468K | $626K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.600 | +0.284% | $24.7M | $4.8M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.400 | −0.022% | $112K | $23K | 50x | as long as short |
| Lighter XAG | +0.0128% | 1h | 65.623 | +0.320% | $5.3M | $11.2M | 25x | as long as short |
| Bybit XAGUSDT | +0.0129% | 4h | 65.660 | +0.376% | $28.8M | $38.8M | 150x | as long as short |
| Variational Omni XAGlong | +0.0131% | 4h | 65.414 | long leg | $5.5M | $9.6M | — | |
| Hibachi XAG/USDT-P | +0.0136% | 1h | 65.476 | +0.094% | $20K | $19K | 10x | as long as short |
| Aevo XAG-PERP | +0.0136% | 1h | 65.598 | +0.282% | $47K | — | 10x | as long as short |
| MEXC SILVER_USDT | +0.0138% | 4h | 65.640 | +0.345% | $123.2M | $161.5M | 1000x | as long as short |
| Binance XAGUSDT | +0.0139% | 4h | 65.630 | +0.330% | $189.3M | $744.5M | 100x | as long as short |
| Nado XAG-PERP | +0.0156% | 1h | 65.531 | +0.179% | $1.3M | $5.6M | 10x | as long as short |
| edgeX XAGUSDC | +0.0158% | 4h | 65.443 | +0.044% | $666K | $311K | 30x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0176% | 1h | 65.530 | +0.177% | $1.6M | $1.3M | 20x | as long as short |
| GRVT XAG_USDT_Perp | +0.0204% | 4h | 65.430 | +0.024% | $397K | $1.5M | 25x | as long as short |
| Aftermath Perps XAGUSD | +0.0208% | 1h | 65.439 | +0.038% | $79K | $37K | 10x | as long as short |
| Bitget XAGUSDT | +0.0214% | 4h | 65.650 | +0.360% | $23.8M | $46.2M | 100x | as long as short |
| OKX XAG-USDT-SWAP | +0.0216% | 8h | 65.640 | +0.345% | $27.9M | $70.1M | 50x | as long as short |
| Bullet SILVER-USD | +0.0245% | 1h | 65.587 | +0.265% | $43K | $76K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0360% | 1h | 65.620 | +0.315% | $66K | $367K | 20x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0366% / S −0.0361% | 1h | 65.595 | +0.276% | $93K | — | 111x | as long as short |
| BloFin XAG-USDT | +0.0379% | 4h | 65.610 | +0.299% | $2.6M | $622K | 100x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0470% | 1h | 65.576 | +0.248% | $915K | $735K | 25x | as long as short |
Phoenix SILVER
StandX XAG-USD
Gate XAG_USDT
Vest SI-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
QFEX SILVER-USD
Hotstuff SILVER-PERP
Paradex XAG-USD-PERP
Kalshi KXSILVERPERP
Aster XAGUSDT
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Lighter XAG
Bybit XAGUSDT
Hibachi XAG/USDT-P
Aevo XAG-PERP
MEXC SILVER_USDT
Binance XAGUSDT
Nado XAG-PERP
edgeX XAGUSDC
Coinbase International SILVER-PERP-INTX
GRVT XAG_USDT_Perp
Aftermath Perps XAGUSD
Bitget XAGUSDT
OKX XAG-USDT-SWAP
Bullet SILVER-USD
Deribit SILVER_USDC-PERPETUAL
GMX SILVER/USD [ETH-USDC]
BloFin XAG-USDT
Kraken Futures PF_XAGUSD