Funding you earn now, next payment 20:00 UTC−0.0118%/8hnext payment −$0.59 per $10,000 · paid last 24h −0.020%
Price spread now: Phemex against Variational Omni+0.068%7-day average +0.046% · 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)−0.020%−$2 on $10k
+Price spread, last 3 days (all we have)−0.010%−$1 · spread now +0.068%, 7d avg +0.046%
=Together, before fees−0.030%+ Points / potential airdropVariational Omni: Active · farm board−$3 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phemex is 0.023% dearer against Variational Omni than usual: you sell high and buy low (spread +0.068% now, against its 7-day average of +0.046%): +$2 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 3 days (−0.020% in total) that is about 3.6 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni XAG | 66.215 | 0.0118 | pay 0.0059% / 4h | 22m 12s | $5.6M | $12.6M | — |
| Short | Phemex XAGUSDT | 66.260 | 0 | get 0.0000% / 4h | 22m 12s | $1.5M | $258K | 100x |
Variational Omni XAG
Phemex XAGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$24.75
- Price spread: +0.068% → +0.046%
- $2.26
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$34.49
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Phemex: live order book, 5 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 Variational Omni RFQ quote, 1 min ago | 2.57 bp | doesn't fit | 4.1 bp −$41 | 9.6 bp −$958 | doesn't fit |
| Sell Phemex live order book, 5 min ago | 0.75 bp | 6.8 bp −$7 | 7.9 bp −$79 | doesn't fit | doesn't fit |
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 | −0.0062% | 1h | 66.150 | −0.098% | $6.2M | $8.8M | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 66.222 | +0.010% | $15K | $997 | 5x | as long as short |
| Hotstuff SILVER-PERP | 0.0000% | 1h | 66.232 | +0.026% | $35K | $21K | 20x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.250 | +0.053% | $133.4M | $192.3M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.260 | +0.068% | $2K | $3.5M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.300 | +0.129% | $1.1M | $1.1M | 75x | as long as short |
| Phemex XAGUSDTshort | 0.0000% | 4h | 66.260 | +0.068% | $1.5M | $258K | 100x | |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.210 | −0.007% | $120K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.240 | +0.038% | $4.7M | $9.4M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.209 | −0.008% | $5.4M | $14.9M | 10x | as long as short |
Ondo Perps XAG-USD.P
dYdX XAG-USD
Hotstuff SILVER-PERP
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
gTrade (Gains Network) XAG/USD
Lighter RH XAG
Extended XAG-USDShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.280% | $11K | $94K | 52x | as long as short |
| Phoenix SILVER | +0.0036% | 1h | 66.228 | +0.020% | $56K | $26K | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0040% | 24h | 66.238 | +0.035% | $691K | $21.6M | 8.1x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 66.190 | −0.037% | $700K | $2.7M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.716 | +0.757% | — | — | 25x | as long as short |
| tradeXYZ xyz:SILVER | +0.0050% | 1h | 66.223 | +0.013% | $161.8M | $94.9M | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.231 | +0.025% | $3.9M | $740K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.205 | −0.015% | $4K | $5K | 20x | as long as short |
| QFEX SILVER-USD | +0.0052% | 1h | 66.250 | +0.053% | $134K | $2.8M | 20x | as long as short |
| BloFin XAG-USDT | +0.0063% | 4h | 66.230 | +0.023% | $2.6M | $1.4M | 100x | as long as short |
| Paradex XAG-USD-PERP | +0.0077% | 8h | 66.260 | +0.068% | $30K | $1K | 5x | as long as short |
| Aster XAGUSDT | +0.0096% | 4h | 66.260 | +0.068% | $2.8M | $1.2M | 100x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.217 | +0.003% | $474K | $701K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.210 | −0.007% | $24.1M | $4.6M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.210 | −0.007% | $113K | $88K | 50x | as long as short |
| Lighter XAG | +0.0104% | 1h | 66.242 | +0.041% | $5.5M | $10.7M | 25x | as long as short |
| Variational Omni XAGlong | +0.0118% | 4h | 66.215 | long leg | $5.6M | $12.6M | — | |
| MEXC SILVER_USDT | +0.0120% | 4h | 66.250 | +0.053% | $123.9M | $188.0M | 1000x | as long as short |
| Aevo XAG-PERP | +0.0120% | 1h | 66.263 | +0.073% | $48K | — | 10x | as long as short |
| Binance XAGUSDT | +0.0122% | 4h | 66.253 | +0.057% | $191.8M | $787.6M | 100x | as long as short |
| edgeX XAGUSDC | +0.0140% | 4h | 66.232 | +0.026% | $670K | $313K | 30x | as long as short |
| Bybit XAGUSDT | +0.0156% | 4h | 66.260 | +0.068% | $25.2M | $37.7M | 150x | as long as short |
| RISEx XAG/USDC | +0.0161% | 1h | 66.270 | +0.084% | $1.4M | $4.3M | 20x | as long as short |
| Nado XAG-PERP | +0.0166% | 1h | 66.218 | +0.006% | $1.3M | $6.5M | 10x | as long as short |
| OKX XAG-USDT-SWAP | +0.0167% | 8h | 66.270 | +0.084% | $27.4M | $67.9M | 50x | as long as short |
| Bullet SILVER-USD | +0.0174% | 1h | 66.273 | +0.088% | $45K | $77K | 10x | as long as short |
| Aftermath Perps XAGUSD | +0.0180% | 1h | 66.188 | −0.040% | $80K | $39K | 10x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0192% | 1h | 66.040 | −0.264% | $1.9M | $1.2M | 20x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0203% | 1h | 66.250 | +0.053% | $88K | $501K | 20x | as long as short |
| GRVT XAG_USDT_Perp | +0.0214% | 4h | 66.260 | +0.069% | $398K | $1.7M | 25x | as long as short |
| Hibachi XAG/USDT-P | +0.0248% | 1h | 66.202 | −0.019% | $20K | $21K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0277% / S −0.0261% | 1h | 66.265 | +0.076% | $103K | — | 111x | as long as short |
| Bitget XAGUSDT | +0.0284% | 4h | 66.250 | +0.053% | $23.4M | $50.6M | 100x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0421% | 1h | 66.238 | +0.036% | $779K | $644K | 25x | as long as short |
Injective XAG/USDC PERP
Phoenix SILVER
Kalshi KXSILVERPERP
StandX XAG-USD
Vest SI-PERP
tradeXYZ xyz:SILVER
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
QFEX SILVER-USD
BloFin XAG-USDT
Paradex XAG-USD-PERP
Aster XAGUSDT
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Lighter XAG
MEXC SILVER_USDT
Aevo XAG-PERP
Binance XAGUSDT
edgeX XAGUSDC
Bybit XAGUSDT
RISEx XAG/USDC
Nado XAG-PERP
OKX XAG-USDT-SWAP
Bullet SILVER-USD
Aftermath Perps XAGUSD
Coinbase International SILVER-PERP-INTX
Deribit SILVER_USDC-PERPETUAL
GRVT XAG_USDT_Perp
Hibachi XAG/USDT-P
GMX SILVER/USD [ETH-USDC]
Bitget XAGUSDT
Kraken Futures PF_XAGUSD