XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0015%/8h= +1.6% APRnext payment +$0.02 per $10,000 · paid last 24h +0.004%

Price spread now: Phoenix against Injective−0.202%7-day average — · you buy dearer than you sell

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

Long on Injective Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.131%+$13 on $10k

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

Together, before fees—needs both histories

Funding pays, the price is against you. Phoenix is 0.202% cheaper against Injective than usual: you would sell low and buy high (spread −0.202% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 45 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.131% in total) that is about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective XAG/USDC PERP	66.400	0.0033	pay 0.0004% / 1h	3m 07s	$11K	$94K	52x
Short	Phoenix SILVER	66.266	0.0048	get 0.0006% / 1h	3m 07s	$56K	$26K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Injective. 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 InjectivebpFee PhoenixbpOrdersPrice spread, now −0.202%Rate

Funding earned: $3.11
Price spread: −0.202% → 0.000%: −$20.18
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$24.09
Costs to cover: 0.070%
Break-even: 61.3 days

Slippage unknown: Injective: 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 Injective no order-book sample	—	—	—	—	—
Sell Phoenix no order-book sample	—	—	—	—	—

Injective 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 43 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	66.241	−0.240%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.360	−0.060%	$152.0M	$165.9M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.340	−0.090%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.390	−0.015%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.370	−0.045%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.283	−0.176%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.341	−0.090%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.278	−0.184%	$5.3M	$12.2M	10x	as long as short
Hotstuff SILVER-PERP	+0.0032%	1h	66.282	−0.178%	$35K	$21K	20x	as long as short
Injective XAG/USDC PERPlong	+0.0033%	1h	66.400	long leg	$11K	$94K	52x

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	66.350	−0.075%	$798K	$2.9M	40x	as long as short
Ondo Perps XAG-USD.P	+0.0042%	1h	66.230	−0.256%	$5.7M	$9.6M	25x	as long as short
Vest SI-PERP	+0.0046%	1h	66.765	+0.550%	—	—	25x	as long as short
Phoenix SILVERshort	+0.0048%	1h	66.266	−0.202%	$56K	$26K	25x
Polymarket Perps SILVER-USD	+0.0050%	1h	66.306	−0.142%	$3.9M	$671K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.281	−0.179%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.320	−0.120%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0062%	24h	66.271	−0.194%	$550K	$24.4M	8.1x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.326	−0.112%	$1.2M	$4.4M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0098%	1h	66.312	−0.133%	$165.9M	$75.7M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.262	−0.208%	$472K	$606K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.320	−0.120%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.270	−0.196%	$113K	$30K	50x	as long as short
Aster XAGUSDT	+0.0136%	4h	66.347	−0.080%	$2.7M	$935K	100x	as long as short
Paradex XAG-USD-PERP	+0.0138%	8h	66.299	−0.152%	$30K	$1K	5x	as long as short
Bybit XAGUSDT	+0.0151%	4h	66.390	−0.015%	$26.7M	$36.5M	150x	as long as short
Aevo XAG-PERP	+0.0168%	1h	66.343	−0.085%	$48K	—	10x	as long as short
Variational Omni XAG	+0.0170%	4h	66.313	−0.130%	$5.5M	$9.8M	—	as long as short
MEXC SILVER_USDT	+0.0184%	4h	66.360	−0.060%	$111.2M	$159.8M	1000x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.280	−0.181%	$1.9M	$970K	20x	as long as short
Binance XAGUSDT	+0.0186%	4h	66.370	−0.045%	$192.4M	$707.2M	100x	as long as short
Lighter XAG	+0.0192%	1h	66.348	−0.078%	$5.3M	$10.7M	25x	as long as short
edgeX XAGUSDC	+0.0200%	4h	66.297	−0.155%	$673K	$314K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0214%	8h	66.370	−0.045%	$27.8M	$65.9M	50x	as long as short
Nado XAG-PERP	+0.0217%	1h	66.265	−0.204%	$1.3M	$6.6M	10x	as long as short
Hibachi XAG/USDT-P	+0.0224%	1h	66.276	−0.187%	$20K	$22K	10x	as long as short
Aftermath Perps XAGUSD	+0.0238%	1h	66.298	−0.153%	$80K	$38K	10x	as long as short
Bitget XAGUSDT	+0.0252%	4h	66.370	−0.045%	$23.9M	$46.1M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0270%	4h	66.330	−0.106%	$398K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0287%	1h	66.361	−0.059%	$46K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0325% / S −0.0333%	1h	66.355	−0.068%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0353%	1h	66.340	−0.090%	$50K	$325K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0463%	1h	66.308	−0.139%	$765K	$478K	25x	as long as short