Funding you earn now, next payment 05:00 UTC−0.0051%/8h= −5.6% APRpaid last 24h −0.007%
Price spread now: Ondo Perps against Phemex−0.182%7-day average −0.224% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.018%−$2 on $10k
+Price spread, last 4 days (all we have)−0.060%−$6 · spread now −0.182%, 7d avg −0.224%
=Together, before fees−0.077%+ Points / potential airdropOndo Perps: Active · farm board−$8 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Ondo Perps is 0.043% dearer against Phemex than usual: you sell high and buy low (spread −0.182% now, against its 7-day average of −0.224%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.8 days. At the pace of the last 7 days (−0.018% in total) that is about 17 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex XAGUSDT | 66.070 | 0 | get 0.0000% / 4h | 3h 05m | $1.5M | $317K | 100x |
| Short | Ondo Perps XAG-USD.P | 65.950 | −0.0051 | pay 0.0006% / 1h | 5m 12s | $5.7M | $9.2M | 25x |
Phemex XAGUSDT
Ondo Perps XAG-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against Phemex. 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
- −$10.75
- Price spread: −0.182% → −0.224%
- $4.27
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$23.48
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 3 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 Phemex live order book, 3 min ago | 1.51 bp | 10.4 bp −$10 | 13.7 bp −$137 | 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 | −0.0051% | 1h | 65.950 | −0.182% | $5.7M | $9.2M | 25x | |
| dYdX XAG-USD | 0.0000% | 1h | 65.989 | −0.123% | $14K | $66 | 5x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.080 | +0.015% | $2K | $2.6M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.080 | +0.015% | $1.1M | $1.0M | 75x | as long as short |
| Phemex XAGUSDTlong | 0.0000% | 4h | 66.070 | long leg | $1.5M | $317K | 100x | |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.999 | −0.107% | $120K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.054 | −0.025% | $4.8M | $9.6M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.998 | −0.110% | $5.2M | $11.5M | 10x | as long as short |
| Hotstuff SILVER-PERP | +0.0032% | 1h | 66.027 | −0.065% | $35K | $21K | 20x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.499% | $11K | $94K | 52x | as long as short |
dYdX XAG-USD
SunX XAG-USDT
HTX XAG-USDT
gTrade (Gains Network) XAG/USD
Lighter RH XAG
Extended XAG-USD
Hotstuff SILVER-PERP
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 | 66.060 | −0.015% | $795K | $3.0M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.477 | +0.616% | — | — | 25x | as long as short |
| Gate XAG_USDT | +0.0046% | 4h | 66.080 | +0.015% | $149.9M | $164.4M | 100x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.027 | −0.065% | $3.9M | $676K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.997 | −0.110% | $3K | $6K | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0056% | 8h | 66.044 | −0.039% | $30K | $1K | 5x | as long as short |
| QFEX SILVER-USD | +0.0060% | 1h | 66.050 | −0.030% | $114K | $2.7M | 20x | as long as short |
| tradeXYZ xyz:SILVER | +0.0060% | 1h | 66.024 | −0.070% | $166.3M | $73.9M | 25x | as long as short |
| Phoenix SILVER | +0.0073% | 1h | 65.995 | −0.114% | $56K | $26K | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0074% | 24h | 66.028 | −0.064% | $530K | $26.7M | 8.1x | as long as short |
| RISEx XAG/USDC | +0.0080% | 1h | 66.062 | −0.012% | $1.3M | $4.9M | 20x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.997 | −0.110% | $469K | $604K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.030 | −0.061% | $24.4M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.990 | −0.121% | $113K | $30K | 50x | as long as short |
| Bybit XAGUSDT | +0.0108% | 4h | 66.080 | +0.015% | $27.8M | $36.5M | 150x | as long as short |
| Lighter XAG | +0.0120% | 1h | 66.054 | −0.024% | $5.2M | $10.9M | 25x | as long as short |
| Aster XAGUSDT | +0.0121% | 4h | 66.050 | −0.030% | $2.7M | $866K | 100x | as long as short |
| Variational Omni XAG | +0.0164% | 4h | 66.053 | −0.025% | $5.7M | $9.5M | — | as long as short |
| Aevo XAG-PERP | +0.0168% | 1h | 66.053 | −0.026% | $47K | — | 10x | as long as short |
| MEXC SILVER_USDT | +0.0174% | 4h | 66.060 | −0.015% | $115.0M | $152.9M | 1000x | as long as short |
| Binance XAGUSDT | +0.0175% | 4h | 66.068 | −0.002% | $191.0M | $703.1M | 100x | as long as short |
| edgeX XAGUSDC | +0.0182% | 4h | 66.013 | −0.086% | $670K | $311K | 30x | as long as short |
| Nado XAG-PERP | +0.0186% | 1h | 66.012 | −0.087% | $1.4M | $5.8M | 10x | as long as short |
| BloFin XAG-USDT | +0.0196% | 4h | 66.060 | −0.015% | $2.6M | $570K | 100x | as long as short |
| Aftermath Perps XAGUSD | +0.0198% | 1h | 66.022 | −0.072% | $79K | $36K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0204% | 1h | 66.040 | −0.045% | $75K | $363K | 20x | as long as short |
| GRVT XAG_USDT_Perp | +0.0208% | 4h | 66.053 | −0.026% | $394K | $1.5M | 25x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0208% | 1h | 65.980 | −0.136% | $1.8M | $1.0M | 20x | as long as short |
| OKX XAG-USDT-SWAP | +0.0223% | 8h | 66.070 | 0.000% | $27.8M | $64.6M | 50x | as long as short |
| Bitget XAGUSDT | +0.0228% | 4h | 66.060 | −0.015% | $24.0M | $44.9M | 100x | as long as short |
| Bullet SILVER-USD | +0.0237% | 1h | 66.064 | −0.009% | $44K | $75K | 10x | as long as short |
| Hibachi XAG/USDT-P | +0.0304% | 1h | 66.010 | −0.091% | $20K | $19K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0388% / S −0.0440% | 1h | 66.065 | −0.008% | $105K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0624% | 1h | 66.039 | −0.046% | $911K | $685K | 25x | as long as short |
StandX XAG-USD
Vest SI-PERP
Gate XAG_USDT
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Paradex XAG-USD-PERP
QFEX SILVER-USD
tradeXYZ xyz:SILVER
Phoenix SILVER
Kalshi KXSILVERPERP
RISEx XAG/USDC
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Bybit XAGUSDT
Lighter XAG
Aster XAGUSDT
Variational Omni XAG
Aevo XAG-PERP
MEXC SILVER_USDT
Binance XAGUSDT
edgeX XAGUSDC
Nado XAG-PERP
BloFin XAG-USDT
Aftermath Perps XAGUSD
Deribit SILVER_USDC-PERPETUAL
GRVT XAG_USDT_Perp
Coinbase International SILVER-PERP-INTX
OKX XAG-USDT-SWAP
Bitget XAGUSDT
Bullet SILVER-USD
Hibachi XAG/USDT-P
GMX SILVER/USD [ETH-USDC]
Kraken Futures PF_XAGUSD