Funding you earn now, next payment 08:00 UTC−0.0197%/8h= −21.5% APRnext payment −$0.98 per $10,000 · paid last 24h −0.036%
Price spread now: Phemex against BloFin+0.030%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$370.373% of the position
Funding, last 7 days+0.134%+$13 on $10k
+Price spread, last 4 days (all we have)+0.005%$0 · spread now +0.030%, 7d avg +0.027%
=The price spread sits at its 7-day average of +0.027%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.134%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.134% in total (about 7.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.98 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 | BloFin XAG-USDT | 66.010 | 0.0197 | pay 0.0098% / 4h | 3h 46m | $2.6M | $556K | 100x |
| Short | Phemex XAGUSDT | 66.030 | 0 | get 0.0000% / 4h | 3h 46m | $1.5M | $319K | 100x |
BloFin XAG-USDT
Phemex XAGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against BloFin. 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
- −$41.32
- Price spread: +0.030% → +0.027%
- $0.31
- Slippage, 4 orders
- −$13.32
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$78.32
- Costs to cover
- 0.373%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 1 min ago; Phemex: live order book, 1 min ago.
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 BloFin live order book, 1 min ago | 0.76 bp | 8.3 bp −$8 | 8.3 bp −$83 | 9.0 bp −$897 | 14.1 bp −$7,032 |
| Sell Phemex live order book, 1 min ago | 0.76 bp | 9.7 bp −$10 | 15.1 bp −$151 | 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 | −0.0034% | 1h | 65.900 | −0.167% | $5.7M | $9.3M | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.934 | −0.116% | $14K | — | 5x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.020 | +0.015% | $2K | $2.7M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.050 | +0.061% | $1.0M | $967K | 75x | as long as short |
| Phemex XAGUSDTshort | 0.0000% | 4h | 66.030 | +0.030% | $1.5M | $319K | 100x | |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.961 | −0.074% | $120K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.997 | −0.020% | $4.8M | $9.5M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.947 | −0.096% | $5.1M | $11.5M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.591% | $11K | $94K | 52x | as long as short |
| Hotstuff SILVER-PERP | +0.0040% | 1h | 65.974 | −0.055% | $35K | $21K | 20x | as long as short |
Ondo Perps XAG-USD.P
dYdX XAG-USD
SunX XAG-USDT
HTX XAG-USDT
gTrade (Gains Network) XAG/USD
Lighter RH XAG
Extended XAG-USD
Injective XAG/USDC PERP
Hotstuff SILVER-PERPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX XAG-USD | +0.0040% | 1h | 66.020 | +0.015% | $794K | $3.1M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.443 | +0.656% | — | — | 25x | as long as short |
| tradeXYZ xyz:SILVER | +0.0050% | 1h | 65.974 | −0.055% | $166.0M | $73.6M | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.986 | −0.036% | $3.9M | $674K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.955 | −0.083% | $3K | $6K | 20x | as long as short |
| Gate XAG_USDT | +0.0058% | 4h | 66.020 | +0.015% | $149.6M | $163.3M | 100x | as long as short |
| QFEX SILVER-USD | +0.0060% | 1h | 66.000 | −0.015% | $114K | $2.7M | 20x | as long as short |
| Kalshi KXSILVERPERP | +0.0072% | 24h | 65.974 | −0.055% | $535K | $25.9M | 8.1x | as long as short |
| Phoenix SILVER | +0.0073% | 1h | 65.942 | −0.103% | $56K | $26K | 25x | as long as short |
| RISEx XAG/USDC | +0.0080% | 1h | 66.015 | +0.008% | $1.3M | $4.9M | 20x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.950 | −0.091% | $469K | $614K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.980 | −0.045% | $24.5M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.940 | −0.106% | $113K | $30K | 50x | as long as short |
| Lighter XAG | +0.0120% | 1h | 66.001 | −0.014% | $5.2M | $10.6M | 25x | as long as short |
| Paradex XAG-USD-PERP | +0.0126% | 8h | 66.001 | −0.013% | $30K | $1K | 5x | as long as short |
| Bybit XAGUSDT | +0.0129% | 4h | 66.030 | +0.030% | $27.3M | $36.4M | 150x | as long as short |
| Aster XAGUSDT | +0.0141% | 4h | 66.010 | 0.000% | $2.7M | $862K | 100x | as long as short |
| Nado XAG-PERP | +0.0166% | 1h | 65.966 | −0.067% | $1.4M | $6.1M | 10x | as long as short |
| Aevo XAG-PERP | +0.0192% | 1h | 66.010 | +0.001% | $47K | — | 10x | as long as short |
| Variational Omni XAG | +0.0195% | 4h | 65.993 | −0.025% | $5.6M | $9.4M | — | as long as short |
| BloFin XAG-USDTlong | +0.0197% | 4h | 66.010 | long leg | $2.6M | $556K | 100x | |
| MEXC SILVER_USDT | +0.0206% | 4h | 66.000 | −0.015% | $113.1M | $151.7M | 1000x | as long as short |
| Binance XAGUSDT | +0.0206% | 4h | 66.016 | +0.009% | $191.0M | $702.8M | 100x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0208% | 1h | 65.950 | −0.091% | $1.8M | $1.0M | 20x | as long as short |
| GRVT XAG_USDT_Perp | +0.0212% | 4h | 66.009 | −0.001% | $394K | $1.5M | 25x | as long as short |
| Aftermath Perps XAGUSD | +0.0216% | 1h | 65.973 | −0.056% | $79K | $36K | 10x | as long as short |
| edgeX XAGUSDC | +0.0222% | 4h | 65.987 | −0.034% | $669K | $312K | 30x | as long as short |
| Bullet SILVER-USD | +0.0232% | 1h | 66.031 | +0.032% | $44K | $76K | 10x | as long as short |
| OKX XAG-USDT-SWAP | +0.0234% | 8h | 66.020 | +0.015% | $27.6M | $64.8M | 50x | as long as short |
| Bitget XAGUSDT | +0.0246% | 4h | 66.010 | 0.000% | $23.9M | $45.4M | 100x | as long as short |
| Hibachi XAG/USDT-P | +0.0352% | 1h | 65.979 | −0.048% | $20K | $19K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0356% | 1h | 66.010 | 0.000% | $75K | $363K | 20x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0387% / S −0.0440% | 1h | 66.025 | +0.023% | $105K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0624% | 1h | 65.989 | −0.032% | $911K | $683K | 25x | as long as short |
StandX XAG-USD
Vest SI-PERP
tradeXYZ xyz:SILVER
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Gate XAG_USDT
QFEX SILVER-USD
Kalshi KXSILVERPERP
Phoenix SILVER
RISEx XAG/USDC
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Lighter XAG
Paradex XAG-USD-PERP
Bybit XAGUSDT
Aster XAGUSDT
Nado XAG-PERP
Aevo XAG-PERP
Variational Omni XAG
MEXC SILVER_USDT
Binance XAGUSDT
Coinbase International SILVER-PERP-INTX
GRVT XAG_USDT_Perp
Aftermath Perps XAGUSD
edgeX XAGUSDC
Bullet SILVER-USD
OKX XAG-USDT-SWAP
Bitget XAGUSDT
Hibachi XAG/USDT-P
Deribit SILVER_USDC-PERPETUAL
GMX SILVER/USD [ETH-USDC]
Kraken Futures PF_XAGUSD