XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0129%/8h= +14.1% APRnext payment +$0.65 per $10,000 · paid last 24h +0.032%

Price spread now: Variational Omni against Phemex−0.024%7-day average −0.040% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phemex Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.041%+$4 on $10k

Price spread, last 4 days (all we have)−0.053%−$5 · spread now −0.024%, 7d avg −0.040%

Together, before fees−0.012%+ Points / potential airdropVariational Omni: Active · farm board−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.040%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex XAGUSDT	65.400	0	get 0.0000% / 4h	2h 25m	$1.5M	$266K	100x
Short	Variational Omni XAG	65.384	0.0129	get 0.0065% / 4h	2h 25m	$5.6M	$9.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Phemex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PhemexbpFee Variational OmnibpOrdersPrice spread, now −0.024%Rate

Funding earned: $27.13
Price spread: −0.024% → −0.040%: $1.57
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $16.7
Costs to cover: 0.120%
Break-even: 2.7 days

Slippage unknown: Phemex: live order book, 2 min ago; Variational Omni: RFQ quote, 4 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 Phemex live order book, 2 min ago	1.53 bp	12.1 bp −$12	19.7 bp −$197	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	2.57 bp	doesn't fit	2.6 bp −$26	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	−0.0022%	1h	65.480	+0.122%	$5.6M	$9.4M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.481	+0.124%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.390	−0.015%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.440	+0.061%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDTlong	0.0000%	4h	65.400	long leg	$1.5M	$266K	100x
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.524	+0.189%	$118K	—	250x	as long as short
RISEx XAG/USDC	+0.0030%	1h	65.570	+0.260%	$1.3M	$4.9M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	65.536	+0.208%	$4.7M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.493	+0.142%	$5.1M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.529%	$11K	$94K	52x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix SILVER	+0.0036%	1h	65.675	+0.420%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	65.430	+0.046%	$787K	$3.0M	40x	as long as short
Gate XAG_USDT	+0.0044%	4h	65.600	+0.306%	$142.8M	$171.6M	100x	as long as short
Vest SI-PERP	+0.0046%	1h	65.962	+0.859%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.549	+0.228%	$3.9M	$710K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.332	−0.104%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.550	+0.229%	$154K	$2.8M	20x	as long as short
Hotstuff SILVER-PERP	+0.0056%	1h	65.356	−0.067%	$35K	$21K	20x	as long as short
Paradex XAG-USD-PERP	+0.0059%	8h	65.550	+0.230%	$29K	$1K	5x	as long as short
tradeXYZ xyz:SILVER	+0.0062%	1h	65.539	+0.213%	$166.5M	$79.0M	25x	as long as short
Kalshi KXSILVERPERP	+0.0075%	24h	65.386	−0.021%	$522K	$28.0M	8.1x	as long as short
Bybit XAGUSDT	+0.0077%	4h	65.600	+0.306%	$28.2M	$39.1M	150x	as long as short
Aster XAGUSDT	+0.0093%	4h	65.580	+0.275%	$2.7M	$940K	100x	as long as short
Pacifica XAG	+0.0100%	1h	65.492	+0.140%	$466K	$619K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.530	+0.199%	$24.7M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.330	−0.107%	$112K	$30K	50x	as long as short
Lighter XAG	+0.0120%	1h	65.544	+0.220%	$5.3M	$11.1M	25x	as long as short
Variational Omni XAGshort	+0.0129%	4h	65.384	−0.024%	$5.6M	$9.5M	—
Aevo XAG-PERP	+0.0136%	1h	65.393	−0.010%	$47K	—	10x	as long as short
MEXC SILVER_USDT	+0.0140%	4h	65.570	+0.260%	$113.2M	$157.7M	1000x	as long as short
Binance XAGUSDT	+0.0141%	4h	65.590	+0.291%	$190.6M	$730.6M	100x	as long as short
edgeX XAGUSDC	+0.0145%	4h	65.373	−0.041%	$665K	$311K	30x	as long as short
Nado XAG-PERP	+0.0148%	1h	65.514	+0.175%	$1.3M	$5.5M	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.370	−0.046%	$1.7M	$1.4M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0190%	4h	65.406	+0.009%	$386K	$1.5M	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.380	−0.031%	$66K	$370K	20x	as long as short
Bitget XAGUSDT	+0.0210%	4h	65.570	+0.260%	$23.3M	$47.8M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0215%	8h	65.590	+0.291%	$27.5M	$69.6M	50x	as long as short
Aftermath Perps XAGUSD	+0.0216%	1h	65.559	+0.243%	$79K	$37K	10x	as long as short
Bullet SILVER-USD	+0.0229%	1h	65.584	+0.281%	$43K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0358% / S −0.0317%	1h	65.585	+0.283%	$87K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0360%	1h	65.325	−0.115%	$20K	$19K	10x	as long as short
BloFin XAG-USDT	+0.0365%	4h	65.420	+0.031%	$2.6M	$623K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0471%	1h	65.389	−0.017%	$914K	$750K	25x	as long as short