Funding you earn now, next payment 11:00 UTC−0.0022%/8h= −2.4% APRpaid last 24h −0.008%
Price spread now: tradeXYZ against Variational Omni0.000%7-day average −0.071% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.006%+$1 on $10k
+Price spread, last 7 days−0.037%−$4 · spread now 0.000%, 7d avg −0.071%
=Together, before fees−0.032%+ Points / potential airdropVariational Omni: Active · tradeXYZ: Active · farm board−$3 on $10k · with fees, hour by hour
The price spread pays, funding is against you. tradeXYZ is 0.070% dearer against Variational Omni than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.071%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 11 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni XAG | 65.578 | 0.0081 | pay 0.0041% / 4h | 1h 42m | $5.7M | $9.1M | — |
| Short | tradeXYZ xyz:SILVER | 65.578 | 0.0059 | get 0.0007% / 1h | 42m 48s | $174.3M | $94.1M | 25x |
Variational Omni XAG
tradeXYZ xyz:SILVERFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$4.64
- Price spread: 0.000% → −0.071%
- $7.02
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$15.62
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; tradeXYZ: live order book, 10 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, 4 min ago | 2.58 bp | doesn't fit | 2.6 bp −$26 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 10 min ago | 0.53 bp | 9.5 bp −$10 | 9.8 bp −$98 | doesn't fit | doesn't fit |
XAG on 44 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff SILVER-PERP | −3.2000% | 1h | 65.532 | −0.071% | $36K | $23K | 20x | as long as short |
| Ondo Perps XAG-USD.P | −0.0002% | 1h | 65.490 | −0.135% | $5.7M | $11.0M | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.525 | −0.080% | $13K | $8K | 5x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 65.640 | +0.094% | $138.4M | $204.9M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.620 | +0.064% | $2K | $2.4M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.640 | +0.094% | $1.1M | $1.3M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.630 | +0.079% | $1.5M | $252K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.566 | −0.018% | $119K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.612 | +0.052% | $4.6M | $9.5M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.559 | −0.030% | $5.1M | $11.8M | 10x | as long as short |
Hotstuff SILVER-PERP
Ondo Perps XAG-USD.P
dYdX XAG-USD
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Lighter RH XAG
Extended XAG-USDShow all 44 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective XAG/USDC PERP | +0.0033% | 1h | 64.602 | −1.489% | $11K | $240 | 52x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 65.590 | +0.018% | $789K | $3.0M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.035 | +0.696% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.571 | −0.011% | $3.8M | $893K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.542 | −0.055% | $3K | $6K | 20x | as long as short |
| QFEX SILVER-USD | +0.0051% | 1h | 65.590 | +0.018% | $446K | $1.4M | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0055% | 8h | 65.586 | +0.012% | $29K | — | 5x | as long as short |
| tradeXYZ xyz:SILVERshort | +0.0059% | 1h | 65.578 | 0.000% | $174.3M | $94.1M | 25x | |
| Variational Omni XAGlong | +0.0081% | 4h | 65.578 | long leg | $5.7M | $9.1M | — | |
| Pacifica XAG | +0.0100% | 1h | 65.542 | −0.056% | $466K | $567K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.590 | +0.018% | $25.4M | $4.7M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.590 | +0.018% | $112K | $19K | 50x | as long as short |
| Kalshi KXSILVERPERP | +0.0100% | 24h | 65.595 | +0.025% | $718K | $38.7M | 8.1x | as long as short |
| Aevo XAG-PERP | +0.0104% | 1h | 65.591 | +0.019% | $47K | — | 10x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0104% | 1h | 65.690 | +0.170% | $1.6M | $1.9M | 20x | as long as short |
| Aster XAGUSDT | +0.0104% | 4h | 65.600 | +0.033% | $2.7M | $1.1M | 100x | as long as short |
| Binance XAGUSDT | +0.0105% | 4h | 65.620 | +0.063% | $191.5M | $864.1M | 100x | as long as short |
| MEXC SILVER_USDT | +0.0106% | 4h | 65.620 | +0.064% | $110.6M | $163.3M | 1000x | as long as short |
| edgeX XAGUSDC | +0.0115% | 4h | 65.564 | −0.021% | $668K | $315K | 30x | as long as short |
| Bybit XAGUSDT | +0.0116% | 4h | 65.630 | +0.079% | $30.6M | $48.2M | 150x | as long as short |
| RISEx XAG/USDC | +0.0116% | 1h | 65.606 | +0.042% | $1.2M | $4.9M | 20x | as long as short |
| Phoenix SILVER | +0.0122% | 1h | 65.545 | −0.051% | $55K | $14K | 25x | as long as short |
| GRVT XAG_USDT_Perp | +0.0130% | 4h | 65.656 | +0.119% | $396K | $1.5M | 25x | as long as short |
| Nado XAG-PERP | +0.0138% | 1h | 65.571 | −0.011% | $1.2M | $3.6M | 10x | as long as short |
| Lighter XAG | +0.0144% | 1h | 65.609 | +0.047% | $5.1M | $11.6M | 25x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0208% | 1h | 65.600 | +0.033% | $77K | $414K | 20x | as long as short |
| Bullet SILVER-USD | +0.0208% | 1h | 65.616 | +0.058% | $45K | $73K | 10x | as long as short |
| OKX XAG-USDT-SWAP | +0.0210% | 8h | 65.620 | +0.064% | $28.0M | $85.7M | 50x | as long as short |
| Aftermath Perps XAGUSD | +0.0224% | 1h | 65.609 | +0.047% | $79K | $37K | 10x | as long as short |
| Bitget XAGUSDT | +0.0238% | 4h | 65.630 | +0.079% | $23.2M | $52.7M | 100x | as long as short |
| Hibachi XAG/USDT-P | +0.0256% | 1h | 65.554 | −0.036% | $21K | $12K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0271% / S −0.0239% | 1h | 65.605 | +0.041% | $93K | — | 111x | as long as short |
| BloFin XAG-USDT | +0.0347% | 4h | 65.590 | +0.018% | $2.7M | $771K | 100x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0548% | 1h | 65.578 | 0.000% | $1.0M | $943K | 25x | as long as short |
Injective XAG/USDC PERP
StandX XAG-USD
Vest SI-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
QFEX SILVER-USD
Paradex XAG-USD-PERP
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Kalshi KXSILVERPERP
Aevo XAG-PERP
Coinbase International SILVER-PERP-INTX
Aster XAGUSDT
Binance XAGUSDT
MEXC SILVER_USDT
edgeX XAGUSDC
Bybit XAGUSDT
RISEx XAG/USDC
Phoenix SILVER
GRVT XAG_USDT_Perp
Nado XAG-PERP
Lighter XAG
Deribit SILVER_USDC-PERPETUAL
Bullet SILVER-USD
OKX XAG-USDT-SWAP
Aftermath Perps XAGUSD
Bitget XAGUSDT
Hibachi XAG/USDT-P
GMX SILVER/USD [ETH-USDC]
BloFin XAG-USDT
Kraken Futures PF_XAGUSD