Funding you earn now, next payment 00:00 UTC−0.0122%/8h= −13.3% APRnext payment −$0.61 per $10,000 · paid last 24h −0.032%
Price spread now: Phemex against edgeX+0.079%78s7-day average +0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$360.357% of the position
Funding, last 7 days−0.081%−$8 on $10k
+Price spread, last 3 days (all we have)−0.006%−$1 · spread now +0.079%, 7d avg +0.046%
=Together, before fees−0.087%+ Points / potential airdropedgeX: Active · farm board−$9 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phemex is 0.032% dearer against edgeX than usual: you sell high and buy low (spread +0.079% now, against its 7-day average of +0.046%): +$3 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 21 hours. At the pace of the last 7 days (−0.081% in total) that is about 2.8 days. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX XAGUSDC | 66.478 | 0.0122 | pay 0.0061% / 4h | 19m 44s | $674K | $314K | 30x |
| Short | Phemex XAGUSDT | 66.530 | 0 | get 0.0000% / 4h | 19m 44s | $1.5M | $250K | 100x |
edgeX XAGUSDC
Phemex XAGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against edgeX. 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
- −$25.54
- Price spread: +0.079% → +0.046%
- $3.23
- Slippage, 4 orders
- −$14.74
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$58.05
- Costs to cover
- 0.357%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 59 min ago; Phemex: live order book, 3 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 edgeX live order book, 59 min ago | 2.26 bp | 6.8 bp −$7 | 6.8 bp −$68 | 9.2 bp −$918 | 20.9 bp −$10.5K |
| Sell Phemex live order book, 3 min ago | 1.50 bp | 11.9 bp −$12 | 19.8 bp −$198 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX XAG-USD | 0.0000% | 1h | 66.484 | +0.009% | $15K | — | 5x | as long as short |
| Bybit XAGUSDT | 0.0000% | 4h | 66.570 | +0.139% | $26.2M | $34.5M | 150x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.560 | +0.124% | $154.5M | $173.7M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.530 | +0.079% | $2K | $3.0M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.560 | +0.124% | $1.0M | $1.1M | 75x | as long as short |
| Phemex XAGUSDTshort | 0.0000% | 4h | 66.530 | +0.079% | $1.5M | $250K | 100x | |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.468 | −0.014% | $120K | — | 250x | as long as short |
| Hotstuff SILVER-PERP | +0.0008% | 1h | 66.491 | +0.020% | $35K | $21K | 20x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.535 | +0.086% | $4.8M | $9.6M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.485 | +0.011% | $5.5M | $12.2M | 10x | as long as short |
dYdX XAG-USD
Bybit XAGUSDT
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
gTrade (Gains Network) XAG/USD
Hotstuff SILVER-PERP
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 | −0.117% | $11K | $94K | 52x | as long as short |
| Phoenix SILVER | +0.0036% | 1h | 66.485 | +0.011% | $56K | $26K | 25x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 66.480 | +0.004% | $796K | $2.7M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.966 | +0.735% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.490 | +0.019% | $3.9M | $699K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.461 | −0.025% | $4K | $5K | 20x | as long as short |
| Ondo Perps XAG-USD.P | +0.0050% | 1h | 66.470 | −0.011% | $5.7M | $10.0M | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0060% | 24h | 66.488 | +0.016% | $581K | $21.4M | 8.1x | as long as short |
| QFEX SILVER-USD | +0.0061% | 1h | 66.510 | +0.049% | $124K | $2.8M | 20x | as long as short |
| tradeXYZ xyz:SILVER | +0.0072% | 1h | 66.512 | +0.052% | $165.8M | $86.9M | 25x | as long as short |
| BloFin XAG-USDT | +0.0080% | 4h | 66.510 | +0.049% | $2.6M | $651K | 100x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.494 | +0.025% | $481K | $618K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.500 | +0.034% | $24.6M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.450 | −0.042% | $126K | $26K | 50x | as long as short |
| Variational Omni XAG | +0.0106% | 4h | 66.526 | +0.073% | $5.6M | $10.1M | — | as long as short |
| Paradex XAG-USD-PERP | +0.0108% | 8h | 66.538 | +0.090% | $30K | $1K | 5x | as long as short |
| Aster XAGUSDT | +0.0112% | 4h | 66.543 | +0.098% | $2.8M | $1.1M | 100x | as long as short |
| Lighter XAG | +0.0120% | 1h | 66.539 | +0.093% | $5.2M | $10.4M | 25x | as long as short |
| Aevo XAG-PERP | +0.0120% | 1h | 66.525 | +0.071% | $48K | — | 10x | as long as short |
| edgeX XAGUSDClong | +0.0122% | 4h | 66.478 | long leg | $674K | $314K | 30x | |
| MEXC SILVER_USDT | +0.0122% | 4h | 66.540 | +0.094% | $115.1M | $153.2M | 1000x | as long as short |
| Binance XAGUSDT | +0.0123% | 4h | 66.550 | +0.108% | $192.6M | $723.4M | 100x | as long as short |
| Bitget XAGUSDT | +0.0150% | 4h | 66.550 | +0.109% | $24.4M | $48.2M | 100x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0160% | 1h | 66.410 | −0.102% | $1.9M | $848K | 20x | as long as short |
| Aftermath Perps XAGUSD | +0.0167% | 1h | 66.453 | −0.037% | $80K | $40K | 10x | as long as short |
| GRVT XAG_USDT_Perp | +0.0178% | 4h | 66.490 | +0.018% | $390K | $1.5M | 25x | as long as short |
| OKX XAG-USDT-SWAP | +0.0196% | 8h | 66.550 | +0.109% | $27.9M | $66.6M | 50x | as long as short |
| RISEx XAG/USDC | +0.0208% | 1h | 66.557 | +0.119% | $1.3M | $4.2M | 20x | as long as short |
| Bullet SILVER-USD | +0.0255% | 1h | 66.528 | +0.076% | $45K | $76K | 10x | as long as short |
| Nado XAG-PERP | +0.0257% | 1h | 66.489 | +0.017% | $1.3M | $6.6M | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0291% / S −0.0281% | 1h | 66.535 | +0.086% | $103K | — | 111x | as long as short |
| Hibachi XAG/USDT-P | +0.0296% | 1h | 66.484 | +0.009% | $20K | $22K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0502% | 1h | 66.530 | +0.079% | $50K | $351K | 20x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0595% | 1h | 66.494 | +0.025% | $762K | $586K | 25x | as long as short |
Injective XAG/USDC PERP
Phoenix SILVER
StandX XAG-USD
Vest SI-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Ondo Perps XAG-USD.P
Kalshi KXSILVERPERP
QFEX SILVER-USD
tradeXYZ xyz:SILVER
BloFin XAG-USDT
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Variational Omni XAG
Paradex XAG-USD-PERP
Aster XAGUSDT
Lighter XAG
Aevo XAG-PERP
MEXC SILVER_USDT
Binance XAGUSDT
Bitget XAGUSDT
Coinbase International SILVER-PERP-INTX
Aftermath Perps XAGUSD
GRVT XAG_USDT_Perp
OKX XAG-USDT-SWAP
RISEx XAG/USDC
Bullet SILVER-USD
Nado XAG-PERP
GMX SILVER/USD [ETH-USDC]
Hibachi XAG/USDT-P
Deribit SILVER_USDC-PERPETUAL
Kraken Futures PF_XAGUSD