Funding you earn now, next payment 06:00 UTC+0.0080%/8h= +8.7% APRpaid last 24h +0.033%
Price spread now: Bullet against Variational Omni+0.064%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 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 +$2 a day on $10k at the current rate, and Bullet is 0.064% dearer against Variational Omni 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 | Variational Omni XAG | 66.123 | 0.0144 | pay 0.0072% / 4h | 2h 45m | $5.7M | $9.5M | — |
| Short | Bullet SILVER-USD | 66.166 | 0.0223 | get 0.0028% / 1h | 45m 18s | $43K | $76K | 10x |
Variational Omni XAG
Bullet SILVER-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bullet 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
- $16.73
- Price spread: +0.064% → 0.000%
- $6.44
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Bullet: 4 bp × 2 orders
- −$8
- Net
- $15.17
- Costs to cover
- 0.080%
- Break-even
- 0.7 days
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Bullet: 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 Variational Omni RFQ quote, 4 min ago | 2.56 bp | doesn't fit | 3.2 bp −$32 | doesn't fit | doesn't fit |
| Sell Bullet no order-book sample | — | — | — | — | — |
Bullet: 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 | −0.0034% | 1h | 66.040 | −0.126% | $5.7M | $9.3M | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 66.104 | −0.029% | $14K | $66 | 5x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.160 | +0.055% | $2K | $2.6M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.180 | +0.086% | $1.1M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.170 | +0.070% | $1.5M | $257K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.109 | −0.022% | $121K | — | 250x | as long as short |
| RISEx XAG/USDC | +0.0030% | 1h | 66.171 | +0.072% | $1.3M | $4.9M | 20x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.155 | +0.048% | $4.8M | $9.3M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.112 | −0.017% | $5.2M | $11.4M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.418% | $11K | $94K | 52x | as long as short |
Ondo Perps XAG-USD.P
dYdX XAG-USD
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 | 66.100 | −0.035% | $56K | $26K | 25x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 66.140 | +0.025% | $796K | $3.0M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.589 | +0.704% | — | — | 25x | as long as short |
| Gate XAG_USDT | +0.0046% | 4h | 66.180 | +0.086% | $149.9M | $154.0M | 100x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.131 | +0.011% | $3.9M | $676K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.110 | −0.020% | $3K | $6K | 20x | as long as short |
| QFEX SILVER-USD | +0.0051% | 1h | 66.150 | +0.040% | $114K | $2.7M | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0054% | 8h | 66.142 | +0.029% | $30K | $1K | 5x | as long as short |
| tradeXYZ xyz:SILVER | +0.0066% | 1h | 66.129 | +0.008% | $166.6M | $73.9M | 25x | as long as short |
| Bybit XAGUSDT | +0.0068% | 4h | 66.180 | +0.086% | $27.8M | $36.2M | 150x | as long as short |
| Kalshi KXSILVERPERP | +0.0075% | 24h | 66.116 | −0.011% | $519K | $26.7M | 8.1x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.104 | −0.029% | $471K | $607K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.130 | +0.010% | $24.5M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.100 | −0.035% | $113K | $30K | 50x | as long as short |
| BloFin XAG-USDT | +0.0102% | 4h | 66.150 | +0.040% | $2.6M | $571K | 100x | as long as short |
| Aster XAGUSDT | +0.0106% | 4h | 66.160 | +0.055% | $2.7M | $873K | 100x | as long as short |
| Lighter XAG | +0.0136% | 1h | 66.160 | +0.055% | $5.3M | $10.6M | 25x | as long as short |
| Variational Omni XAGlong | +0.0144% | 4h | 66.123 | long leg | $5.7M | $9.5M | — | |
| Aevo XAG-PERP | +0.0152% | 1h | 66.158 | +0.052% | $47K | — | 10x | as long as short |
| Binance XAGUSDT | +0.0157% | 4h | 66.170 | +0.070% | $191.3M | $702.9M | 100x | as long as short |
| MEXC SILVER_USDT | +0.0158% | 4h | 66.150 | +0.040% | $116.5M | $151.8M | 1000x | as long as short |
| Nado XAG-PERP | +0.0162% | 1h | 66.130 | +0.009% | $1.4M | $5.5M | 10x | as long as short |
| edgeX XAGUSDC | +0.0167% | 4h | 66.132 | +0.014% | $671K | $312K | 30x | as long as short |
| Hotstuff SILVER-PERP | +0.0168% | 1h | 66.132 | +0.013% | $35K | $21K | 20x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0176% | 1h | 65.980 | −0.217% | $1.8M | $1.0M | 20x | as long as short |
| Aftermath Perps XAGUSD | +0.0194% | 1h | 66.101 | −0.034% | $80K | $36K | 10x | as long as short |
| GRVT XAG_USDT_Perp | +0.0196% | 4h | 66.160 | +0.055% | $389K | $1.5M | 25x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0204% | 1h | 66.150 | +0.040% | $74K | $364K | 20x | as long as short |
| Bitget XAGUSDT | +0.0218% | 4h | 66.170 | +0.070% | $24.0M | $44.8M | 100x | as long as short |
| OKX XAG-USDT-SWAP | +0.0219% | 8h | 66.160 | +0.055% | $27.8M | $64.6M | 50x | as long as short |
| Bullet SILVER-USDshort | +0.0223% | 1h | 66.166 | +0.064% | $43K | $76K | 10x | |
| Hibachi XAG/USDT-P | +0.0320% | 1h | 66.091 | −0.049% | $20K | $19K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0388% / S −0.0443% | 1h | 66.165 | +0.063% | $106K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0466% | 1h | 66.135 | +0.017% | $909K | $688K | 25x | as long as short |
Phoenix SILVER
StandX XAG-USD
Vest SI-PERP
Gate XAG_USDT
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
QFEX SILVER-USD
Paradex XAG-USD-PERP
tradeXYZ xyz:SILVER
Bybit XAGUSDT
Kalshi KXSILVERPERP
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
BloFin XAG-USDT
Aster XAGUSDT
Lighter XAG
Aevo XAG-PERP
Binance XAGUSDT
MEXC SILVER_USDT
Nado XAG-PERP
edgeX XAGUSDC
Hotstuff SILVER-PERP
Coinbase International SILVER-PERP-INTX
Aftermath Perps XAGUSD
GRVT XAG_USDT_Perp
Deribit SILVER_USDC-PERPETUAL
Bitget XAGUSDT
OKX XAG-USDT-SWAP
Hibachi XAG/USDT-P
GMX SILVER/USD [ETH-USDC]
Kraken Futures PF_XAGUSD