Funding you earn now, next payment 06:00 UTC+0.0071%/8h= +7.8% APRpaid last 24h −0.038%
Price spread now: Variational Omni against Hibachi+0.059%7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHibachi: Active · Variational Omni: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Variational Omni is 0.059% dearer against Hibachi than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hibachi XAG/USDT-P | 65.545 | 0.0056 | pay 0.0007% / 1h | 8m 55s | $20K | $19K | 10x |
| Short | Variational Omni XAG | 65.584 | 0.0127 | get 0.0064% / 4h | 2h 08m | $5.5M | $9.5M | — |
Hibachi XAG/USDT-P
Variational Omni XAGFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Hibachi. 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
- $14.94
- Price spread: +0.059% → 0.000%
- $5.86
- Slippage, 4 orders
- no order book: not counted
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $11.8
- Costs to cover
- 0.090%
- Break-even
- 1.5 days
Slippage unknown: Hibachi: no order-book sample; Variational Omni: RFQ quote, just now. 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 Hibachi no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, just now | 2.58 bp | doesn't fit | 2.9 bp −$29 | doesn't fit | doesn't fit |
Hibachi: 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 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 | 65.642 | +0.148% | $12K | $5K | 5x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.710 | +0.252% | $2K | $2.6M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.720 | +0.267% | $1.1M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.680 | +0.206% | $1.5M | $280K | 100x | as long as short |
| Ondo Perps XAG-USD.P | +0.0001% | 1h | 65.610 | +0.099% | $5.6M | $9.7M | 25x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.675 | +0.198% | $119K | — | 250x | as long as short |
| RISEx XAG/USDC | +0.0030% | 1h | 65.723 | +0.271% | $1.2M | $4.9M | 20x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.674 | +0.197% | $4.7M | $9.6M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.652 | +0.163% | $5.1M | $11.7M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +1.304% | $11K | $94K | 52x | as long as short |
dYdX XAG-USD
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
Ondo Perps XAG-USD.P
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 | 65.648 | +0.157% | $56K | $26K | 25x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 65.620 | +0.114% | $789K | $3.0M | 40x | as long as short |
| Gate XAG_USDT | +0.0042% | 4h | 65.730 | +0.282% | $144.9M | $180.2M | 100x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.136 | +0.901% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.693 | +0.226% | $3.9M | $710K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.647 | +0.155% | $3K | $6K | 20x | as long as short |
| QFEX SILVER-USD | +0.0051% | 1h | 65.690 | +0.221% | $157K | $2.8M | 20x | as long as short |
| Hotstuff SILVER-PERP | +0.0056% | 1h | 65.667 | +0.186% | $35K | $21K | 20x | as long as short |
| Hibachi XAG/USDT-Plong | +0.0056% | 1h | 65.545 | long leg | $20K | $19K | 10x | |
| Paradex XAG-USD-PERP | +0.0064% | 8h | 65.692 | +0.225% | $29K | $1K | 5x | as long as short |
| Kalshi KXSILVERPERP | +0.0076% | 24h | 65.695 | +0.229% | $449K | $28.9M | 8.1x | as long as short |
| tradeXYZ xyz:SILVER | +0.0079% | 1h | 65.678 | +0.203% | $171.2M | $82.2M | 25x | as long as short |
| Aster XAGUSDT | +0.0086% | 4h | 65.700 | +0.236% | $2.7M | $944K | 100x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.635 | +0.137% | $469K | $629K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.670 | +0.191% | $24.7M | $4.8M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.580 | +0.053% | $112K | $23K | 50x | as long as short |
| Bybit XAGUSDT | +0.0121% | 4h | 65.730 | +0.282% | $29.0M | $39.2M | 150x | as long as short |
| Variational Omni XAGshort | +0.0127% | 4h | 65.584 | +0.059% | $5.5M | $9.5M | — | |
| Lighter XAG | +0.0128% | 1h | 65.684 | +0.213% | $5.4M | $11.3M | 25x | as long as short |
| MEXC SILVER_USDT | +0.0136% | 4h | 65.700 | +0.236% | $124.1M | $161.8M | 1000x | as long as short |
| Aevo XAG-PERP | +0.0136% | 1h | 65.709 | +0.249% | $47K | — | 10x | as long as short |
| Binance XAGUSDT | +0.0137% | 4h | 65.718 | +0.263% | $189.5M | $745.6M | 100x | as long as short |
| edgeX XAGUSDC | +0.0147% | 4h | 65.560 | +0.023% | $667K | $312K | 30x | as long as short |
| Nado XAG-PERP | +0.0154% | 1h | 65.655 | +0.167% | $1.3M | $5.5M | 10x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0176% | 1h | 65.530 | −0.023% | $1.6M | $1.3M | 20x | as long as short |
| Aftermath Perps XAGUSD | +0.0207% | 1h | 65.502 | −0.067% | $79K | $37K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0207% | 1h | 65.710 | +0.252% | $66K | $368K | 20x | as long as short |
| GRVT XAG_USDT_Perp | +0.0208% | 4h | 65.644 | +0.151% | $398K | $1.5M | 25x | as long as short |
| OKX XAG-USDT-SWAP | +0.0215% | 8h | 65.710 | +0.252% | $27.9M | $70.2M | 50x | as long as short |
| Bitget XAGUSDT | +0.0216% | 4h | 65.720 | +0.267% | $24.0M | $46.3M | 100x | as long as short |
| Bullet SILVER-USD | +0.0243% | 1h | 65.726 | +0.276% | $44K | $76K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0366% / S −0.0361% | 1h | 65.725 | +0.274% | $93K | — | 111x | as long as short |
| BloFin XAG-USDT | +0.0377% | 4h | 65.680 | +0.206% | $2.6M | $622K | 100x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0469% | 1h | 65.690 | +0.221% | $916K | $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
tradeXYZ xyz:SILVER
Aster XAGUSDT
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Bybit XAGUSDT
Lighter XAG
MEXC SILVER_USDT
Aevo XAG-PERP
Binance XAGUSDT
edgeX XAGUSDC
Nado XAG-PERP
Coinbase International SILVER-PERP-INTX
Aftermath Perps XAGUSD
Deribit SILVER_USDC-PERPETUAL
GRVT XAG_USDT_Perp
OKX XAG-USDT-SWAP
Bitget XAGUSDT
Bullet SILVER-USD
GMX SILVER/USD [ETH-USDC]
BloFin XAG-USDT
Kraken Futures PF_XAGUSD