XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0043%/8h= +4.7% APRnext payment +$0.22 per $10,000 · paid last 24h −0.009%

Price spread now: Bybit against Variational Omni+0.048%7-day average +0.018% · you sell dearer than you buy

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

Long on Variational Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.012%−$1 on $10k

Price spread, last 7 days−0.014%−$1 · spread now +0.048%, 7d avg +0.018%

Together, before fees−0.026%+ Points / potential airdropVariational Omni: Active · farm board−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bybit is 0.030% dearer against Variational Omni than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XAG	65.668	0.0086	pay 0.0043% / 4h	1h 48m	$5.7M	$9.1M	—
Short	Bybit XAGUSDT	65.700	0.0130	get 0.0065% / 4h	1h 48m	$30.6M	$48.2M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee BybitbpOrdersPrice spread, now +0.048%Rate

Funding earned: $9.08
Price spread: +0.048% → +0.018%: $3.03
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $1.12
Costs to cover: 0.110%
Break-even: 6.1 days

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Bybit: live order book, 3 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, 3 min ago	2.58 bp	doesn't fit	3.7 bp −$37	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	0.76 bp	6.3 bp −$6	7.8 bp −$78	17.8 bp −$1,776	74.3 bp −$37.2K

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	−1.5176%	1h	65.532	−0.207%	$36K	$23K	20x	as long as short
Ondo Perps XAG-USD.P	−0.0003%	1h	65.560	−0.165%	$5.7M	$11.0M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.598	−0.107%	$13K	$8K	5x	as long as short
Gate XAG_USDT	0.0000%	4h	65.680	+0.018%	$138.4M	$204.3M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.670	+0.003%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.710	+0.064%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.700	+0.048%	$1.5M	$252K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.658	−0.016%	$119K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.669	+0.001%	$4.6M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.607	−0.093%	$5.1M	$11.8M	10x	as long as short

Show 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	−1.624%	$11K	$240	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.680	+0.018%	$790K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.100	+0.657%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.645	−0.035%	$3.8M	$893K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.608	−0.092%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.660	−0.013%	$447K	$1.4M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0055%	1h	65.638	−0.046%	$174.5M	$94.0M	25x	as long as short
Paradex XAG-USD-PERP	+0.0056%	8h	65.645	−0.035%	$29K	$166	5x	as long as short
Variational Omni XAGlong	+0.0086%	4h	65.668	long leg	$5.7M	$9.1M	—
Kalshi KXSILVERPERP	+0.0100%	24h	65.665	−0.005%	$720K	$38.7M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	65.605	−0.096%	$467K	$567K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.630	−0.058%	$25.4M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.630	−0.058%	$112K	$19K	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	65.690	+0.033%	$1.6M	$1.9M	20x	as long as short
Aster XAGUSDT	+0.0110%	4h	65.670	+0.003%	$2.7M	$1.1M	100x	as long as short
MEXC SILVER_USDT	+0.0110%	4h	65.650	−0.028%	$122.0M	$162.9M	1000x	as long as short
Binance XAGUSDT	+0.0111%	4h	65.673	+0.007%	$191.5M	$862.8M	100x	as long as short
Aevo XAG-PERP	+0.0112%	1h	65.657	−0.017%	$47K	—	10x	as long as short
RISEx XAG/USDC	+0.0116%	1h	65.674	+0.009%	$1.2M	$4.9M	20x	as long as short
edgeX XAGUSDC	+0.0118%	4h	65.679	+0.017%	$669K	$314K	30x	as long as short
Phoenix SILVER	+0.0122%	1h	65.676	+0.012%	$55K	$14K	25x	as long as short
Bybit XAGUSDTshort	+0.0130%	4h	65.700	+0.048%	$30.6M	$48.2M	150x
Lighter XAG	+0.0136%	1h	65.668	−0.001%	$5.1M	$11.6M	25x	as long as short
GRVT XAG_USDT_Perp	+0.0140%	4h	65.730	+0.093%	$396K	$1.5M	25x	as long as short
Nado XAG-PERP	+0.0143%	1h	65.642	−0.040%	$1.2M	$3.6M	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0207%	1h	65.650	−0.028%	$77K	$414K	20x	as long as short
Bullet SILVER-USD	+0.0208%	1h	65.684	+0.024%	$45K	$74K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0213%	8h	65.690	+0.033%	$28.0M	$85.7M	50x	as long as short
Aftermath Perps XAGUSD	+0.0218%	1h	65.652	−0.025%	$79K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0244%	4h	65.690	+0.033%	$23.2M	$52.8M	100x	as long as short
Hibachi XAG/USDT-P	+0.0264%	1h	65.634	−0.053%	$21K	$12K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0269% / S −0.0236%	1h	65.745	+0.117%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0352%	4h	65.680	+0.018%	$2.7M	$771K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0547%	1h	65.641	−0.041%	$1.0M	$943K	25x	as long as short