Funding you earn now, next payment 04:00 UTC+0.0090%/8h= +9.9% APRpaid last 24h +0.020%
Price spread now: Variational Omni against Phoenix+0.039%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 airdropVariational Omni: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Variational Omni is 0.039% dearer against Phoenix than usual: you sell high and buy low: +$4 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 | Phoenix SILVER | 65.977 | 0.0073 | pay 0.0009% / 1h | 7m 07s | $56K | $26K | 25x |
| Short | Variational Omni XAG | 66.003 | 0.0163 | get 0.0081% / 4h | 3h 07m | $5.6M | $9.5M | — |
Phoenix SILVER
Variational Omni XAGFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Phoenix. 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
- $18.95
- Price spread: +0.039% → 0.000%
- $3.91
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $15.86
- Costs to cover
- 0.070%
- Break-even
- 1.1 days
Slippage unknown: Phoenix: no order-book sample; Variational Omni: RFQ quote, 2 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 2 min ago | 2.58 bp | doesn't fit | 3.2 bp −$32 | doesn't fit | doesn't fit |
Phoenix: 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.P | −0.0054% | 1h | 65.940 | −0.056% | $5.7M | $9.2M | 25x | as long as short |
| Hotstuff SILVER-PERP | −0.0016% | 1h | 66.012 | +0.053% | $35K | $21K | 20x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.989 | +0.018% | $14K | $66 | 5x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.070 | +0.141% | $2K | $2.6M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.080 | +0.156% | $1.0M | $949K | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.050 | +0.111% | $1.5M | $317K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.982 | +0.008% | $120K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.035 | +0.088% | $4.8M | $9.5M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.985 | +0.011% | $5.2M | $11.5M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.641% | $11K | $94K | 52x | as long as short |
Ondo Perps XAG-USD.P
Hotstuff SILVER-PERP
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 PERPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX XAG-USD | +0.0040% | 1h | 66.020 | +0.065% | $794K | $3.0M | 40x | as long as short |
| Gate XAG_USDT | +0.0042% | 4h | 66.060 | +0.126% | $149.8M | $164.4M | 100x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.463 | +0.737% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.014 | +0.056% | $3.9M | $676K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.984 | +0.011% | $3K | $6K | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0055% | 8h | 66.030 | +0.080% | $30K | $1K | 5x | as long as short |
| tradeXYZ xyz:SILVER | +0.0060% | 1h | 66.007 | +0.045% | $166.3M | $73.8M | 25x | as long as short |
| QFEX SILVER-USD | +0.0060% | 1h | 66.030 | +0.080% | $114K | $2.7M | 20x | as long as short |
| Phoenix SILVERlong | +0.0073% | 1h | 65.977 | long leg | $56K | $26K | 25x | |
| Kalshi KXSILVERPERP | +0.0073% | 24h | 66.003 | +0.039% | $537K | $26.5M | 8.1x | as long as short |
| RISEx XAG/USDC | +0.0080% | 1h | 66.051 | +0.112% | $1.3M | $4.9M | 20x | as long as short |
| Bybit XAGUSDT | +0.0096% | 4h | 66.070 | +0.141% | $27.8M | $36.5M | 150x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.984 | +0.011% | $469K | $604K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.020 | +0.065% | $24.4M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.960 | −0.026% | $113K | $30K | 50x | as long as short |
| Lighter XAG | +0.0120% | 1h | 66.042 | +0.098% | $5.2M | $10.9M | 25x | as long as short |
| Aster XAGUSDT | +0.0120% | 4h | 66.050 | +0.111% | $2.7M | $866K | 100x | as long as short |
| Variational Omni XAGshort | +0.0163% | 4h | 66.003 | +0.039% | $5.6M | $9.5M | — | |
| Aevo XAG-PERP | +0.0168% | 1h | 66.036 | +0.089% | $47K | — | 10x | as long as short |
| Binance XAGUSDT | +0.0175% | 4h | 66.055 | +0.118% | $190.9M | $702.9M | 100x | as long as short |
| MEXC SILVER_USDT | +0.0176% | 4h | 66.050 | +0.111% | $114.5M | $152.8M | 1000x | as long as short |
| edgeX XAGUSDC | +0.0182% | 4h | 66.013 | +0.054% | $670K | $311K | 30x | as long as short |
| Nado XAG-PERP | +0.0185% | 1h | 66.003 | +0.039% | $1.4M | $5.8M | 10x | as long as short |
| Aftermath Perps XAGUSD | +0.0197% | 1h | 66.013 | +0.055% | $79K | $36K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0205% | 1h | 66.030 | +0.080% | $75K | $363K | 20x | as long as short |
| GRVT XAG_USDT_Perp | +0.0206% | 4h | 66.028 | +0.077% | $394K | $1.5M | 25x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0208% | 1h | 65.980 | +0.005% | $1.8M | $1.0M | 20x | as long as short |
| BloFin XAG-USDT | +0.0224% | 4h | 66.030 | +0.080% | $2.6M | $569K | 100x | as long as short |
| OKX XAG-USDT-SWAP | +0.0224% | 8h | 66.050 | +0.111% | $27.7M | $64.6M | 50x | as long as short |
| Bitget XAGUSDT | +0.0228% | 4h | 66.050 | +0.111% | $23.9M | $44.9M | 100x | as long as short |
| Bullet SILVER-USD | +0.0235% | 1h | 66.052 | +0.113% | $44K | $75K | 10x | as long as short |
| Hibachi XAG/USDT-P | +0.0304% | 1h | 65.980 | +0.005% | $20K | $19K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0388% / S −0.0440% | 1h | 66.055 | +0.118% | $105K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0624% | 1h | 66.023 | +0.069% | $911K | $685K | 25x | as long as short |
StandX XAG-USD
Gate XAG_USDT
Vest SI-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Paradex XAG-USD-PERP
tradeXYZ xyz:SILVER
QFEX SILVER-USD
Kalshi KXSILVERPERP
RISEx XAG/USDC
Bybit XAGUSDT
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Lighter XAG
Aster XAGUSDT
Aevo XAG-PERP
Binance XAGUSDT
MEXC SILVER_USDT
edgeX XAGUSDC
Nado XAG-PERP
Aftermath Perps XAGUSD
Deribit SILVER_USDC-PERPETUAL
GRVT XAG_USDT_Perp
Coinbase International SILVER-PERP-INTX
BloFin XAG-USDT
OKX XAG-USDT-SWAP
Bitget XAGUSDT
Bullet SILVER-USD
Hibachi XAG/USDT-P
GMX SILVER/USD [ETH-USDC]
Kraken Futures PF_XAGUSD