XAG

Alert

Funding spread now, next payment 19:00 UTC−0.0292%/8h

paid, last 24h−0.052%paid, last 3 days−0.080%to open and closeno order book

Long on Deribit Short on Variational Omni

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.080% in total (about -9.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SILVER_USDC-PERPETUAL	66.040	0.0356	pay 0.0045% / 1h	47m 29s	$88K	$622K	20x
Short	Variational Omni XAG	66.007	0.0064	get 0.0032% / 4h	1h 47m	$5.5M	$12.9M	—

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee Variational OmnibpOrdersRate

Funding earned: −$61.32
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$68.32
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 63 min ago; Variational Omni: RFQ quote, 3 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.050%
Avg gap 7d: +0.001%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Deribit live order book, 63 min ago	172.79 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	2.57 bp	doesn't fit	2.6 bp −$26	5.2 bp −$518	doesn't fit

XAG on 43 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Ondo Perps XAG-USD.P	−0.0128%	1h	$6.2M	$8.5M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	$15K	$997	5x	as long as short
RISEx XAG/USDC	0.0000%	1h	$1.4M	$4.2M	20x	as long as short
Gate XAG_USDT	0.0000%	4h	$132.9M	$190.8M	100x	as long as short
Kalshi KXSILVERPERP	0.0000%	24h	$688K	$21.3M	8.1x	as long as short
SunX XAG-USDT	0.0000%	4h	$2K	$3.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	$1.5M	$257K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	$119K	—	250x	as long as short
Phoenix SILVER	+0.0012%	1h	$56K	$27K	25x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Lighter RH XAG	+0.0032%	1h	$4.6M	$9.0M	25x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	$698K	$2.5M	40x	as long as short
BloFin XAG-USDT	+0.0042%	4h	$2.6M	$1.7M	100x	as long as short
Vest SI-PERP	+0.0046%	1h	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	$160.6M	$95.8M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	$3.9M	$739K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	$4K	$5K	20x	as long as short
QFEX SILVER-USD	+0.0053%	1h	$133K	$2.7M	20x	as long as short
Aster XAGUSDT	+0.0058%	4h	$2.8M	$1.3M	100x	as long as short
Hotstuff SILVER-PERP	+0.0064%	1h	$35K	$21K	20x	as long as short
Variational Omni XAGshort	+0.0064%	4h	$5.5M	$12.9M	—
MEXC SILVER_USDT	+0.0072%	4h	$125.3M	$195.9M	1000x	as long as short
Binance XAGUSDT	+0.0073%	4h	$190.9M	$802.1M	100x	as long as short
Paradex XAG-USD-PERP	+0.0078%	8h	$30K	$1K	5x	as long as short
Aevo XAG-PERP	+0.0080%	1h	$47K	—	10x	as long as short
edgeX XAGUSDC	+0.0094%	4h	$668K	$319K	30x	as long as short
Pacifica XAG	+0.0100%	1h	$472K	$722K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	$24.6M	$4.3M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	$112K	$189K	50x	as long as short
Lighter XAG	+0.0104%	1h	$5.4M	$10.5M	25x	as long as short
Hibachi XAG/USDT-P	+0.0128%	1h	$20K	$21K	10x	as long as short
Bullet SILVER-USD	+0.0129%	1h	$44K	$77K	10x	as long as short
Bybit XAGUSDT	+0.0137%	4h	$25.0M	$38.6M	150x	as long as short
OKX XAG-USDT-SWAP	+0.0144%	8h	$27.4M	$69.4M	50x	as long as short
Nado XAG-PERP	+0.0152%	1h	$1.3M	$6.4M	10x	as long as short
Aftermath Perps XAGUSD	+0.0156%	1h	$79K	$40K	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	$1.9M	$1.3M	20x	as long as short
Bitget XAGUSDT	+0.0246%	4h	$23.1M	$50.3M	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0249% / S −0.0217%	1h	$102K	—	111x	as long as short
Extended XAG-USD	+0.0264%	1h	$4.8M	$14.5M	10x	as long as short
Deribit SILVER_USDC-PERPETUALlong	+0.0356%	1h	$88K	$622K	20x
Kraken Futures PF_XAGUSD	+0.0389%	1h	$780K	$648K	25x	as long as short