Funding you earn now, next payment 08:00 UTC−0.0023%/8h= −2.5% APRpaid last 24h −0.007%
Price spread now: Ondo Perps against Phemex−0.200%7-day average −0.223% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.018%−$2 on $10k
+Price spread, last 4 days (all we have)−0.057%−$6 · spread now −0.200%, 7d avg −0.223%
=Together, before fees−0.075%+ Points / potential airdropOndo Perps: Active · farm board−$8 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Ondo Perps is 0.023% dearer against Phemex than usual: you sell high and buy low (spread −0.200% now, against its 7-day average of −0.223%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.4 days. At the pace of the last 7 days (−0.018% in total) that is about 8.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex XAGUSDT | 65.090 | 0 | get 0.0000% / 4h | 3m 52s | $1.5M | $281K | 100x |
| Short | Ondo Perps XAG-USD.P | 64.960 | −0.0023 | pay 0.0003% / 1h | 3m 52s | $5.6M | $9.9M | 25x |
Phemex XAGUSDT
Ondo Perps XAG-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against Phemex. 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
- −$4.87
- Price spread: −0.200% → −0.223%
- $2.34
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$19.54
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 4 min ago; Ondo Perps: no order-book sample. 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 Phemex live order book, 4 min ago | 2.31 bp | 11.3 bp −$11 | 19.0 bp −$190 | doesn't fit | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo Perps: 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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps XAG-USD.Pshort | −0.0023% | 1h | 64.960 | −0.200% | $5.6M | $9.9M | 25x | |
| Hotstuff SILVER-PERP | −0.0016% | 1h | 65.033 | −0.088% | $35K | $21K | 20x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 64.997 | −0.143% | $12K | $5K | 5x | as long as short |
| Bybit XAGUSDT | 0.0000% | 4h | 65.100 | +0.015% | $27.7M | $39.0M | 150x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.080 | −0.015% | $2K | $2.4M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.100 | +0.015% | $1.1M | $1.3M | 75x | as long as short |
| Phemex XAGUSDTlong | 0.0000% | 4h | 65.090 | long leg | $1.5M | $281K | 100x | |
| Variational Omni XAG | +0.0003% | 4h | 65.056 | −0.052% | $5.5M | $9.1M | — | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.007 | −0.128% | $118K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.081 | −0.014% | $4.6M | $10.0M | 25x | as long as short |
Hotstuff SILVER-PERP
dYdX XAG-USD
Bybit XAGUSDT
SunX XAG-USDT
HTX XAG-USDT
Variational Omni XAG
gTrade (Gains Network) XAG/USD
Lighter RH XAGShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended XAG-USD | +0.0032% | 1h | 65.015 | −0.115% | $5.0M | $11.8M | 10x | as long as short |
| Gate XAG_USDT | +0.0032% | 4h | 65.100 | +0.015% | $140.2M | $182.1M | 100x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +2.013% | $11K | $94K | 52x | as long as short |
| MEXC SILVER_USDT | +0.0034% | 4h | 65.080 | −0.015% | $126.4M | $162.9M | 1000x | as long as short |
| edgeX XAGUSDC | +0.0036% | 4h | 65.076 | −0.022% | $662K | $313K | 30x | as long as short |
| Binance XAGUSDT | +0.0037% | 4h | 65.089 | −0.002% | $191.5M | $756.2M | 100x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 65.070 | −0.031% | $783K | $3.0M | 40x | as long as short |
| Aster XAGUSDT | +0.0044% | 4h | 65.070 | −0.031% | $2.6M | $982K | 100x | as long as short |
| QFEX SILVER-USD | +0.0044% | 1h | 65.060 | −0.046% | $170K | $1.4M | 20x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 65.474 | +0.590% | — | — | 25x | as long as short |
| Aevo XAG-PERP | +0.0048% | 1h | 65.060 | −0.046% | $47K | — | 10x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.045 | −0.069% | $3.8M | $890K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.006 | −0.129% | $3K | $6K | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0054% | 8h | 65.051 | −0.060% | $29K | $1K | 5x | as long as short |
| Phoenix SILVER | +0.0061% | 1h | 65.054 | −0.055% | $55K | $31K | 25x | as long as short |
| tradeXYZ xyz:SILVER | +0.0074% | 1h | 65.033 | −0.088% | $172.9M | $84.7M | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0081% | 24h | 65.038 | −0.080% | $489K | $32.2M | 8.1x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0096% | 1h | 65.030 | −0.092% | $1.6M | $1.4M | 20x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.007 | −0.128% | $463K | $598K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.030 | −0.092% | $25.2M | $4.7M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.070 | −0.031% | $111K | $19K | 50x | as long as short |
| RISEx XAG/USDC | +0.0118% | 1h | 65.078 | −0.018% | $1.3M | $4.9M | 20x | as long as short |
| BloFin XAG-USDT | +0.0141% | 4h | 65.090 | 0.000% | $2.7M | $625K | 100x | as long as short |
| GRVT XAG_USDT_Perp | +0.0144% | 4h | 65.099 | +0.013% | $385K | $1.6M | 25x | as long as short |
| Nado XAG-PERP | +0.0156% | 1h | 65.030 | −0.092% | $1.2M | $4.7M | 10x | as long as short |
| Bitget XAGUSDT | +0.0166% | 4h | 65.090 | 0.000% | $23.2M | $44.9M | 100x | as long as short |
| OKX XAG-USDT-SWAP | +0.0174% | 8h | 65.100 | +0.015% | $28.2M | $70.8M | 50x | as long as short |
| Lighter XAG | +0.0184% | 1h | 65.080 | −0.016% | $5.3M | $11.3M | 25x | as long as short |
| Aftermath Perps XAGUSD | +0.0198% | 1h | 65.058 | −0.049% | $78K | $37K | 10x | as long as short |
| Hibachi XAG/USDT-P | +0.0224% | 1h | 65.010 | −0.123% | $20K | $16K | 10x | as long as short |
| Bullet SILVER-USD | +0.0237% | 1h | 65.086 | −0.006% | $44K | $75K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0238% / S −0.0196% | 1h | 65.075 | −0.023% | $92K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0365% | 1h | 65.054 | −0.056% | $1.0M | $869K | 25x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0365% | 1h | 65.060 | −0.046% | $65K | $399K | 20x | as long as short |
Extended XAG-USD
Gate XAG_USDT
Injective XAG/USDC PERP
MEXC SILVER_USDT
edgeX XAGUSDC
Binance XAGUSDT
StandX XAG-USD
Aster XAGUSDT
QFEX SILVER-USD
Vest SI-PERP
Aevo XAG-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Paradex XAG-USD-PERP
Phoenix SILVER
tradeXYZ xyz:SILVER
Kalshi KXSILVERPERP
Coinbase International SILVER-PERP-INTX
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
RISEx XAG/USDC
BloFin XAG-USDT
GRVT XAG_USDT_Perp
Nado XAG-PERP
Bitget XAGUSDT
OKX XAG-USDT-SWAP
Lighter XAG
Aftermath Perps XAGUSD
Hibachi XAG/USDT-P
Bullet SILVER-USD
GMX SILVER/USD [ETH-USDC]
Kraken Futures PF_XAGUSD
Deribit SILVER_USDC-PERPETUAL