Funding you earn now, next payment 06:00 UTC+0.0029%/8h= +3.2% APRnext payment +$0.04 per $10,000 · paid last 24h −0.009%
Price spread now: Phoenix against Extended+0.045%88s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.023%+$2 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Phoenix is 0.045% dearer against Extended than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 88 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 | Extended XAG-USD | 65.270 | 0.0032 | pay 0.0004% / 1h | 5m 59s | $5.1M | $11.6M | 10x |
| Short | Phoenix SILVER | 65.300 | 0.0061 | get 0.0008% / 1h | 5m 59s | $56K | $31K | 25x |
Extended XAG-USD
Phoenix SILVERFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Extended. 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
- $6.09
- Price spread: +0.045% → 0.000%
- $4.53
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$1.38
- Costs to cover
- 0.120%
- Break-even
- 8.6 days
Slippage unknown: Extended: live order book, 3 min ago; Phoenix: 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 Extended live order book, 3 min ago | 0.08 bp | 2.6 bp −$3 | 4.9 bp −$49 | 12.1 bp −$1,205 | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: 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.P | −0.0075% | 1h | 65.230 | −0.062% | $5.6M | $9.7M | 25x | as long as short |
| Hotstuff SILVER-PERP | −0.0008% | 1h | 65.326 | +0.085% | $35K | $21K | 20x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.303 | +0.050% | $12K | $5K | 5x | as long as short |
| Bybit XAGUSDT | 0.0000% | 4h | 65.340 | +0.107% | $27.8M | $39.5M | 150x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.330 | +0.091% | $2K | $2.6M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.400 | +0.198% | $1.1M | $1.3M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.340 | +0.107% | $1.5M | $281K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.287 | +0.025% | $118K | — | 250x | as long as short |
| Gate XAG_USDT | +0.0030% | 4h | 65.360 | +0.137% | $141.1M | $184.2M | 100x | as long as short |
| Variational Omni XAG | +0.0030% | 4h | 65.393 | +0.188% | $5.5M | $9.3M | — | as long as short |
Ondo Perps XAG-USD.P
Hotstuff SILVER-PERP
dYdX XAG-USD
Bybit XAGUSDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Gate XAG_USDT
Variational Omni XAGShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XAG | +0.0032% | 1h | 65.323 | +0.081% | $4.6M | $9.8M | 25x | as long as short |
| Extended XAG-USDlong | +0.0032% | 1h | 65.270 | long leg | $5.1M | $11.6M | 10x | |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +1.731% | $11K | $94K | 52x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 65.360 | +0.137% | $786K | $2.9M | 40x | as long as short |
| Aster XAGUSDT | +0.0040% | 4h | 65.330 | +0.091% | $2.7M | $975K | 100x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 65.766 | +0.759% | — | — | 25x | as long as short |
| QFEX SILVER-USD | +0.0050% | 1h | 65.350 | +0.122% | $152K | $1.4M | 20x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.322 | +0.079% | $3.8M | $854K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.277 | +0.010% | $3K | $6K | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0054% | 8h | 65.332 | +0.095% | $29K | $1K | 5x | as long as short |
| Binance XAGUSDT | +0.0056% | 4h | 65.320 | +0.076% | $191.4M | $763.8M | 100x | as long as short |
| MEXC SILVER_USDT | +0.0056% | 4h | 65.320 | +0.076% | $117.2M | $157.8M | 1000x | as long as short |
| edgeX XAGUSDC | +0.0058% | 4h | 65.376 | +0.161% | $665K | $312K | 30x | as long as short |
| tradeXYZ xyz:SILVER | +0.0058% | 1h | 65.303 | +0.050% | $170.2M | $82.9M | 25x | as long as short |
| RISEx XAG/USDC | +0.0061% | 1h | 65.364 | +0.144% | $1.2M | $4.9M | 20x | as long as short |
| Phoenix SILVERshort | +0.0061% | 1h | 65.300 | +0.045% | $56K | $31K | 25x | |
| Aevo XAG-PERP | +0.0072% | 1h | 65.330 | +0.092% | $47K | — | 10x | as long as short |
| Kalshi KXSILVERPERP | +0.0078% | 24h | 65.314 | +0.067% | $469K | $31.2M | 8.1x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.292 | +0.033% | $468K | $625K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.300 | +0.045% | $25.3M | $5.0M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.340 | +0.107% | $112K | $19K | 50x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0120% | 1h | 65.290 | +0.030% | $1.6M | $1.4M | 20x | as long as short |
| Hibachi XAG/USDT-P | +0.0128% | 1h | 65.316 | +0.069% | $20K | $19K | 10x | as long as short |
| GRVT XAG_USDT_Perp | +0.0136% | 4h | 65.371 | +0.155% | $391K | $1.6M | 25x | as long as short |
| Nado XAG-PERP | +0.0147% | 1h | 65.306 | +0.054% | $1.2M | $5.1M | 10x | as long as short |
| Lighter XAG | +0.0160% | 1h | 65.324 | +0.082% | $5.3M | $11.6M | 25x | as long as short |
| Bitget XAGUSDT | +0.0172% | 4h | 65.340 | +0.107% | $23.8M | $46.3M | 100x | as long as short |
| OKX XAG-USDT-SWAP | +0.0183% | 8h | 65.350 | +0.122% | $28.0M | $70.7M | 50x | as long as short |
| Bullet SILVER-USD | +0.0202% | 1h | 65.335 | +0.099% | $44K | $76K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0209% | 1h | 65.330 | +0.091% | $65K | $383K | 20x | as long as short |
| Aftermath Perps XAGUSD | +0.0210% | 1h | 65.333 | +0.096% | $79K | $37K | 10x | as long as short |
| BloFin XAG-USDT | +0.0224% | 4h | 65.380 | +0.168% | $2.6M | $591K | 100x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0273% / S −0.0241% | 1h | 65.375 | +0.160% | $93K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0493% | 1h | 65.314 | +0.067% | $917K | $748K | 25x | as long as short |
Lighter RH XAG
Injective XAG/USDC PERP
StandX XAG-USD
Aster XAGUSDT
Vest SI-PERP
QFEX SILVER-USD
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Paradex XAG-USD-PERP
Binance XAGUSDT
MEXC SILVER_USDT
edgeX XAGUSDC
tradeXYZ xyz:SILVER
RISEx XAG/USDC
Aevo XAG-PERP
Kalshi KXSILVERPERP
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Coinbase International SILVER-PERP-INTX
Hibachi XAG/USDT-P
GRVT XAG_USDT_Perp
Nado XAG-PERP
Lighter XAG
Bitget XAGUSDT
OKX XAG-USDT-SWAP
Bullet SILVER-USD
Deribit SILVER_USDC-PERPETUAL
Aftermath Perps XAGUSD
BloFin XAG-USDT
GMX SILVER/USD [ETH-USDC]
Kraken Futures PF_XAGUSD