Funding you earn now, next payment 05:00 UTC−0.0404%/8h= −44.3% APRnext payment −$0.51 per $10,000 · paid last 24h −0.090%
Price spread now: Ondo Perps against Deribit−0.136%7-day average −0.178% · 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)−0.137%−$14 on $10k
+Price spread, last 4 days (all we have)−0.055%−$5 · spread now −0.136%, 7d avg −0.178%
=Together, before fees−0.192%+ Points / potential airdropOndo Perps: Active · farm board−$19 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Ondo Perps is 0.042% dearer against Deribit than usual: you sell high and buy low (spread −0.136% now, against its 7-day average of −0.178%): +$4 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 4 days (−0.137% in total) that is about 28 hours.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.137% in total (about -13.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.51 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit SILVER_USDC-PERPETUAL | 65.940 | 0.0357 | pay 0.0045% / 1h | 41m 53s | $75K | $363K | 20x |
| Short | Ondo Perps XAG-USD.P | 65.850 | −0.0047 | pay 0.0006% / 1h | 41m 53s | $5.7M | $9.3M | 25x |
Deribit SILVER_USDC-PERPETUAL
Ondo Perps XAG-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against Deribit. 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
- −$84.88
- Price spread: −0.136% → −0.178%
- $4.18
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$92.69
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Deribit: live order book, 12 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 Deribit live order book, 12 min ago | 0.76 bp | 4.3 bp −$4 | 4.6 bp −$46 | 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 | −0.0047% | 1h | 65.850 | −0.136% | $5.7M | $9.3M | 25x | |
| Hotstuff SILVER-PERP | −0.0016% | 1h | 65.945 | +0.008% | $35K | $21K | 20x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.934 | −0.010% | $14K | — | 5x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 65.970 | +0.045% | $149.5M | $163.4M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.960 | +0.030% | $2K | $2.7M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.020 | +0.121% | $1.0M | $967K | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.980 | +0.061% | $1.5M | $320K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.891 | −0.074% | $120K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.943 | +0.004% | $4.8M | $9.5M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.888 | −0.078% | $5.1M | $11.5M | 10x | as long as short |
Hotstuff SILVER-PERP
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 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.698% | $11K | $94K | 52x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 65.970 | +0.045% | $793K | $3.1M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.384 | +0.673% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.926 | −0.021% | $3.9M | $674K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.891 | −0.074% | $3K | $6K | 20x | as long as short |
| tradeXYZ xyz:SILVER | +0.0051% | 1h | 65.920 | −0.030% | $165.9M | $73.6M | 25x | as long as short |
| QFEX SILVER-USD | +0.0060% | 1h | 65.940 | 0.000% | $114K | $2.7M | 20x | as long as short |
| Kalshi KXSILVERPERP | +0.0072% | 24h | 65.922 | −0.027% | $539K | $25.9M | 8.1x | as long as short |
| Phoenix SILVER | +0.0073% | 1h | 65.967 | +0.041% | $56K | $26K | 25x | as long as short |
| RISEx XAG/USDC | +0.0080% | 1h | 65.955 | +0.023% | $1.3M | $4.9M | 20x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.897 | −0.065% | $469K | $614K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.920 | −0.030% | $24.5M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.960 | +0.030% | $113K | $30K | 50x | as long as short |
| Lighter XAG | +0.0104% | 1h | 65.947 | +0.011% | $5.2M | $10.6M | 25x | as long as short |
| Bybit XAGUSDT | +0.0115% | 4h | 65.980 | +0.061% | $27.4M | $36.5M | 150x | as long as short |
| Paradex XAG-USD-PERP | +0.0120% | 8h | 65.948 | +0.013% | $30K | $1K | 5x | as long as short |
| Aster XAGUSDT | +0.0138% | 4h | 65.955 | +0.022% | $2.7M | $871K | 100x | as long as short |
| Nado XAG-PERP | +0.0177% | 1h | 65.912 | −0.042% | $1.4M | $6.1M | 10x | as long as short |
| Aevo XAG-PERP | +0.0184% | 1h | 65.946 | +0.009% | $47K | — | 10x | as long as short |
| Variational Omni XAG | +0.0195% | 4h | 66.003 | +0.096% | $5.6M | $9.4M | — | as long as short |
| BloFin XAG-USDT | +0.0196% | 4h | 66.000 | +0.091% | $2.6M | $556K | 100x | as long as short |
| Binance XAGUSDT | +0.0203% | 4h | 65.958 | +0.027% | $191.0M | $702.5M | 100x | as long as short |
| MEXC SILVER_USDT | +0.0204% | 4h | 65.950 | +0.015% | $112.7M | $152.1M | 1000x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0208% | 1h | 65.950 | +0.015% | $1.8M | $1.0M | 20x | as long as short |
| edgeX XAGUSDC | +0.0215% | 4h | 66.014 | +0.112% | $670K | $312K | 30x | as long as short |
| Aftermath Perps XAGUSD | +0.0217% | 1h | 65.937 | −0.004% | $79K | $36K | 10x | as long as short |
| GRVT XAG_USDT_Perp | +0.0218% | 4h | 66.022 | +0.124% | $394K | $1.5M | 25x | as long as short |
| Bullet SILVER-USD | +0.0234% | 1h | 65.965 | +0.038% | $45K | $76K | 10x | as long as short |
| OKX XAG-USDT-SWAP | +0.0234% | 8h | 65.960 | +0.030% | $27.6M | $64.7M | 50x | as long as short |
| Bitget XAGUSDT | +0.0244% | 4h | 65.950 | +0.015% | $23.9M | $45.3M | 100x | as long as short |
| Hibachi XAG/USDT-P | +0.0336% | 1h | 65.920 | −0.030% | $20K | $19K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUALlong | +0.0357% | 1h | 65.940 | long leg | $75K | $363K | 20x | |
| GMX SILVER/USD [ETH-USDC] | L +0.0387% / S −0.0440% | 1h | 65.965 | +0.038% | $105K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0625% | 1h | 65.924 | −0.024% | $910K | $683K | 25x | as long as short |
Injective XAG/USDC PERP
StandX XAG-USD
Vest SI-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
tradeXYZ xyz:SILVER
QFEX SILVER-USD
Kalshi KXSILVERPERP
Phoenix SILVER
RISEx XAG/USDC
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Lighter XAG
Bybit XAGUSDT
Paradex XAG-USD-PERP
Aster XAGUSDT
Nado XAG-PERP
Aevo XAG-PERP
Variational Omni XAG
BloFin XAG-USDT
Binance XAGUSDT
MEXC SILVER_USDT
Coinbase International SILVER-PERP-INTX
edgeX XAGUSDC
Aftermath Perps XAGUSD
GRVT XAG_USDT_Perp
Bullet SILVER-USD
OKX XAG-USDT-SWAP
Bitget XAGUSDT
Hibachi XAG/USDT-P
GMX SILVER/USD [ETH-USDC]
Kraken Futures PF_XAGUSD