XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0205%/8h= +22.4% APRnext payment +$0.26 per $10,000 · paid last 24h −0.051%

Price spread now: Phoenix against Hibachi+0.108%61s7-day average — · you sell dearer than you buy

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

Long on Hibachi Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHibachi: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Phoenix is 0.108% dearer against Hibachi than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 61 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	Hibachi XAG/USDT-P	65.301	−0.0144	get 0.0018% / 1h	18m 15s	$20K	$19K	10x
Short	Phoenix SILVER	65.371	0.0061	get 0.0008% / 1h	18m 15s	$56K	$31K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Hibachi. 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 HibachibpFee PhoenixbpOrdersPrice spread, now +0.108%Rate

Funding earned: $43.05
Price spread: +0.108% → 0.000%: $10.75
Slippage, 4 orders: no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $37.81
Costs to cover: 0.160%
Break-even: 0.9 days

Slippage unknown: Hibachi: no order-book sample; 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 Hibachi no order-book sample	—	—	—	—	—
Sell Phoenix no order-book sample	—	—	—	—	—

Hibachi and 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
Hibachi XAG/USDT-Plong	−0.0144%	1h	65.301	long leg	$20K	$19K	10x
Ondo Perps XAG-USD.P	−0.0080%	1h	65.240	−0.093%	$5.6M	$9.7M	25x	as long as short
Hotstuff SILVER-PERP	−0.0008%	1h	65.330	+0.045%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	65.253	−0.073%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.370	+0.106%	$27.8M	$39.9M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.380	+0.121%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.410	+0.167%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.390	+0.137%	$1.5M	$280K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.296	−0.007%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0024%	4h	65.370	+0.106%	$141.1M	$183.1M	100x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni XAG	+0.0028%	4h	65.404	+0.157%	$5.5M	$9.4M	—	as long as short
Lighter RH XAG	+0.0032%	1h	65.354	+0.081%	$4.6M	$9.8M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.296	−0.007%	$5.1M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.683%	$11K	$94K	52x	as long as short
Aster XAGUSDT	+0.0034%	4h	65.360	+0.091%	$2.7M	$975K	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.350	+0.075%	$786K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.766	+0.712%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0050%	1h	65.340	+0.060%	$152K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.322	+0.032%	$170.3M	$83.6M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.321	+0.031%	$3.8M	$856K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.295	−0.009%	$3K	$6K	20x	as long as short
MEXC SILVER_USDT	+0.0052%	4h	65.360	+0.091%	$116.5M	$157.6M	1000x	as long as short
Binance XAGUSDT	+0.0053%	4h	65.366	+0.100%	$191.0M	$766.4M	100x	as long as short
Paradex XAG-USD-PERP	+0.0055%	8h	65.337	+0.055%	$29K	$1K	5x	as long as short
RISEx XAG/USDC	+0.0061%	1h	65.362	+0.094%	$1.2M	$4.9M	20x	as long as short
Phoenix SILVERshort	+0.0061%	1h	65.371	+0.108%	$56K	$31K	25x
Aevo XAG-PERP	+0.0064%	1h	65.345	+0.068%	$47K	—	10x	as long as short
edgeX XAGUSDC	+0.0073%	4h	65.369	+0.104%	$665K	$313K	30x	as long as short
Kalshi KXSILVERPERP	+0.0078%	24h	65.331	+0.046%	$507K	$31.2M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	65.301	+0.001%	$469K	$628K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.330	+0.045%	$25.3M	$5.0M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.360	+0.091%	$112K	$19K	50x	as long as short
GRVT XAG_USDT_Perp	+0.0116%	4h	65.408	+0.164%	$385K	$1.6M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0120%	1h	65.290	−0.017%	$1.6M	$1.4M	20x	as long as short
Nado XAG-PERP	+0.0133%	1h	65.307	+0.010%	$1.2M	$5.2M	10x	as long as short
Lighter XAG	+0.0144%	1h	65.358	+0.087%	$5.3M	$11.5M	25x	as long as short
Bitget XAGUSDT	+0.0170%	4h	65.370	+0.106%	$23.7M	$46.5M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0182%	8h	65.370	+0.106%	$28.0M	$71.0M	50x	as long as short
Bullet SILVER-USD	+0.0182%	1h	65.364	+0.097%	$44K	$76K	10x	as long as short
BloFin XAG-USDT	+0.0214%	4h	65.370	+0.106%	$2.6M	$600K	100x	as long as short
Aftermath Perps XAGUSD	+0.0214%	1h	65.324	+0.036%	$79K	$37K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0272% / S −0.0241%	1h	65.365	+0.098%	$93K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0362%	1h	65.350	+0.075%	$65K	$380K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0493%	1h	65.331	+0.046%	$915K	$746K	25x	as long as short