Funding you earn now, next payment 07:00 UTC+0.0061%/8h= +6.7% APRnext payment +$0.08 per $10,000 · paid last 24h +0.028%
Price spread now: Phoenix against Hotstuff+0.110%53s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Phoenix is 0.110% dearer against Hotstuff 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 53 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 | Hotstuff SILVER-PERP | 65.317 | 0 | get 0.0000% / 1h | 38m 12s | $35K | $21K | 20x |
| Short | Phoenix SILVER | 65.389 | 0.0061 | get 0.0008% / 1h | 38m 12s | $56K | $31K | 25x |
Hotstuff SILVER-PERP
Phoenix SILVERFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Hotstuff. 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
- $12.87
- Price spread: +0.110% → 0.000%
- $11.02
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $11.89
- Costs to cover
- 0.120%
- Break-even
- 0.5 days
Slippage unknown: Hotstuff: 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 Hotstuff no order-book sample | — | — | — | — | — |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Hotstuff 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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps XAG-USD.P | −0.0039% | 1h | 65.240 | −0.118% | $5.6M | $9.7M | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.297 | −0.031% | $12K | $5K | 5x | as long as short |
| Bybit XAGUSDT | 0.0000% | 4h | 65.360 | +0.066% | $27.8M | $39.4M | 150x | as long as short |
| Hotstuff SILVER-PERPlong | 0.0000% | 1h | 65.317 | long leg | $35K | $21K | 20x | |
| SunX XAG-USDT | 0.0000% | 4h | 65.360 | +0.066% | $2K | $2.5M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.390 | +0.112% | $1.1M | $1.3M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.350 | +0.051% | $1.5M | $281K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.311 | −0.010% | $118K | — | 250x | as long as short |
| Variational Omni XAG | +0.0008% | 4h | 65.432 | +0.176% | $5.5M | $9.1M | — | as long as short |
| Aster XAGUSDT | +0.0023% | 4h | 65.356 | +0.059% | $2.7M | $928K | 100x | as long as short |
Ondo Perps XAG-USD.P
dYdX XAG-USD
Bybit XAGUSDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Variational Omni XAG
Aster XAGUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SILVER_USDT | +0.0030% | 4h | 65.340 | +0.035% | $118.7M | $157.3M | 1000x | as long as short |
| Binance XAGUSDT | +0.0031% | 4h | 65.347 | +0.046% | $191.8M | $755.4M | 100x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.338 | +0.032% | $4.6M | $9.7M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.310 | −0.011% | $5.1M | $11.6M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +1.658% | $11K | $94K | 52x | as long as short |
| Gate XAG_USDT | +0.0034% | 4h | 65.360 | +0.066% | $140.8M | $177.8M | 100x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 65.350 | +0.051% | $786K | $2.9M | 40x | as long as short |
| edgeX XAGUSDC | +0.0041% | 4h | 65.413 | +0.146% | $666K | $312K | 30x | as long as short |
| QFEX SILVER-USD | +0.0044% | 1h | 65.360 | +0.066% | $157K | $1.4M | 20x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 65.782 | +0.712% | — | — | 25x | as long as short |
| Aevo XAG-PERP | +0.0048% | 1h | 65.346 | +0.044% | $47K | — | 10x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.335 | +0.028% | $3.8M | $856K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.292 | −0.038% | $3K | $6K | 20x | as long as short |
| tradeXYZ xyz:SILVER | +0.0050% | 1h | 65.331 | +0.021% | $169.8M | $81.4M | 25x | as long as short |
| Paradex XAG-USD-PERP | +0.0052% | 8h | 65.336 | +0.029% | $29K | $1K | 5x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0056% | 1h | 65.330 | +0.020% | $65K | $389K | 20x | as long as short |
| Phoenix SILVERshort | +0.0061% | 1h | 65.389 | +0.110% | $56K | $31K | 25x | |
| Kalshi KXSILVERPERP | +0.0079% | 24h | 65.333 | +0.024% | $530K | $31.8M | 8.1x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0096% | 1h | 65.370 | +0.081% | $1.6M | $1.4M | 20x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.298 | −0.029% | $465K | $611K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.320 | +0.005% | $25.3M | $4.7M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.390 | +0.112% | $112K | $19K | 50x | as long as short |
| RISEx XAG/USDC | +0.0118% | 1h | 65.365 | +0.074% | $1.2M | $4.8M | 20x | as long as short |
| BloFin XAG-USDT | +0.0127% | 4h | 65.360 | +0.066% | $2.7M | $575K | 100x | as long as short |
| GRVT XAG_USDT_Perp | +0.0132% | 4h | 65.441 | +0.189% | $384K | $1.6M | 25x | as long as short |
| Bitget XAGUSDT | +0.0156% | 4h | 65.350 | +0.051% | $23.2M | $44.8M | 100x | as long as short |
| Nado XAG-PERP | +0.0165% | 1h | 65.314 | −0.004% | $1.2M | $4.7M | 10x | as long as short |
| Lighter XAG | +0.0168% | 1h | 65.347 | +0.046% | $5.3M | $11.1M | 25x | as long as short |
| OKX XAG-USDT-SWAP | +0.0169% | 8h | 65.340 | +0.035% | $28.2M | $70.0M | 50x | as long as short |
| Hibachi XAG/USDT-P | +0.0176% | 1h | 65.316 | −0.002% | $20K | $17K | 10x | as long as short |
| Aftermath Perps XAGUSD | +0.0189% | 1h | 65.331 | +0.022% | $79K | $37K | 10x | as long as short |
| Bullet SILVER-USD | +0.0225% | 1h | 65.365 | +0.074% | $45K | $75K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0238% / S −0.0196% | 1h | 65.365 | +0.073% | $93K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0363% | 1h | 65.318 | +0.002% | $1.0M | $868K | 25x | as long as short |
MEXC SILVER_USDT
Binance XAGUSDT
Lighter RH XAG
Extended XAG-USD
Injective XAG/USDC PERP
Gate XAG_USDT
StandX XAG-USD
edgeX XAGUSDC
QFEX SILVER-USD
Vest SI-PERP
Aevo XAG-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
tradeXYZ xyz:SILVER
Paradex XAG-USD-PERP
Deribit SILVER_USDC-PERPETUAL
Kalshi KXSILVERPERP
Coinbase International SILVER-PERP-INTX
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
RISEx XAG/USDC
BloFin XAG-USDT
GRVT XAG_USDT_Perp
Bitget XAGUSDT
Nado XAG-PERP
Lighter XAG
OKX XAG-USDT-SWAP
Hibachi XAG/USDT-P
Aftermath Perps XAGUSD
Bullet SILVER-USD
GMX SILVER/USD [ETH-USDC]
Kraken Futures PF_XAGUSD