Funding you earn now, next payment 03:00 UTC−0.0040%/8h= −4.3% APRpaid last 24h −0.017%
Price spread now: Phoenix against KuCoin−0.047%63s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.003%$0 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Phoenix is 0.047% cheaper against KuCoin than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 63 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 | KuCoin XAGUSDTM | 66.100 | 0.0100 | pay 0.0050% / 4h | 40m 14s | $24.5M | $4.5M | 75x |
| Short | Phoenix SILVER | 66.069 | 0.0060 | get 0.0008% / 1h | 40m 14s | $56K | $26K | 25x |
KuCoin XAGUSDTM
Phoenix SILVERFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against KuCoin. 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
- −$8.3
- Price spread: −0.047% → 0.000%
- −$4.69
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$31.99
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 4 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 KuCoin live order book, 4 min ago | 0.76 bp | 7.4 bp −$7 | 15.1 bp −$151 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX XAG-USD | 0.0000% | 1h | 66.085 | −0.023% | $15K | — | 5x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.140 | +0.061% | $150.2M | $163.2M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.130 | +0.045% | $2K | $2.7M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.150 | +0.076% | $1.0M | $978K | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.140 | +0.061% | $1.5M | $316K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.047 | −0.079% | $120K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.101 | +0.002% | $4.8M | $9.4M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.051 | −0.075% | $5.2M | $11.7M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.454% | $11K | $94K | 52x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 66.140 | +0.061% | $796K | $3.0M | 40x | as long as short |
dYdX XAG-USD
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Lighter RH XAG
Extended XAG-USD
Injective XAG/USDC PERP
StandX XAG-USDShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest SI-PERP | +0.0046% | 1h | 66.557 | +0.691% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.101 | +0.002% | $3.9M | $672K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.044 | −0.085% | $3K | $6K | 20x | as long as short |
| Ondo Perps XAG-USD.P | +0.0050% | 1h | 66.010 | −0.136% | $5.7M | $9.6M | 25x | as long as short |
| QFEX SILVER-USD | +0.0054% | 1h | 66.130 | +0.045% | $115K | $2.7M | 20x | as long as short |
| Hotstuff SILVER-PERP | +0.0056% | 1h | 66.096 | −0.006% | $35K | $21K | 20x | as long as short |
| Phoenix SILVERshort | +0.0060% | 1h | 66.069 | −0.047% | $56K | $26K | 25x | |
| Kalshi KXSILVERPERP | +0.0068% | 24h | 66.089 | −0.017% | $508K | $25.5M | 8.1x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.083 | −0.026% | $470K | $616K | 10x | as long as short |
| KuCoin XAGUSDTMlong | +0.0100% | 4h | 66.100 | long leg | $24.5M | $4.5M | 75x | |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.100 | 0.000% | $113K | $30K | 50x | as long as short |
| tradeXYZ xyz:SILVER | +0.0133% | 1h | 66.092 | −0.012% | $165.4M | $74.1M | 25x | as long as short |
| RISEx XAG/USDC | +0.0137% | 1h | 66.134 | +0.052% | $1.3M | $4.5M | 20x | as long as short |
| Aster XAGUSDT | +0.0143% | 4h | 66.139 | +0.060% | $2.7M | $877K | 100x | as long as short |
| Bybit XAGUSDT | +0.0148% | 4h | 66.140 | +0.061% | $27.0M | $36.1M | 150x | as long as short |
| Paradex XAG-USD-PERP | +0.0150% | 8h | 66.126 | +0.039% | $30K | $1K | 5x | as long as short |
| Nado XAG-PERP | +0.0187% | 1h | 66.079 | −0.031% | $1.3M | $6.5M | 10x | as long as short |
| Aevo XAG-PERP | +0.0192% | 1h | 66.122 | +0.033% | $47K | — | 10x | as long as short |
| Lighter XAG | +0.0200% | 1h | 66.113 | +0.020% | $5.2M | $10.5M | 25x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0200% | 1h | 66.130 | +0.045% | $1.8M | $1.0M | 20x | as long as short |
| Variational Omni XAG | +0.0202% | 4h | 66.133 | +0.050% | $5.6M | $9.7M | — | as long as short |
| MEXC SILVER_USDT | +0.0212% | 4h | 66.130 | +0.045% | $109.0M | $152.4M | 1000x | as long as short |
| Binance XAGUSDT | +0.0213% | 4h | 66.129 | +0.044% | $192.7M | $701.4M | 100x | as long as short |
| edgeX XAGUSDC | +0.0226% | 4h | 66.170 | +0.106% | $671K | $310K | 30x | as long as short |
| OKX XAG-USDT-SWAP | +0.0229% | 8h | 66.130 | +0.045% | $27.7M | $65.5M | 50x | as long as short |
| Aftermath Perps XAGUSD | +0.0231% | 1h | 66.101 | +0.002% | $80K | $37K | 10x | as long as short |
| BloFin XAG-USDT | +0.0240% | 4h | 66.140 | +0.061% | $2.6M | $554K | 100x | as long as short |
| Bitget XAGUSDT | +0.0256% | 4h | 66.130 | +0.045% | $23.8M | $45.7M | 100x | as long as short |
| GRVT XAG_USDT_Perp | +0.0276% | 4h | 66.163 | +0.096% | $389K | $1.5M | 25x | as long as short |
| Bullet SILVER-USD | +0.0313% | 1h | 66.139 | +0.059% | $45K | $75K | 10x | as long as short |
| Hibachi XAG/USDT-P | +0.0344% | 1h | 66.098 | −0.004% | $20K | $19K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0356% | 1h | 66.090 | −0.015% | $62K | $348K | 20x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0373% / S −0.0406% | 1h | 66.125 | +0.038% | $103K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0485% | 1h | 66.099 | −0.001% | $912K | $676K | 25x | as long as short |
Vest SI-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Ondo Perps XAG-USD.P
QFEX SILVER-USD
Hotstuff SILVER-PERP
Kalshi KXSILVERPERP
Pacifica XAG
ApeX Omni XAGUSDT
tradeXYZ xyz:SILVER
RISEx XAG/USDC
Aster XAGUSDT
Bybit XAGUSDT
Paradex XAG-USD-PERP
Nado XAG-PERP
Aevo XAG-PERP
Lighter XAG
Coinbase International SILVER-PERP-INTX
Variational Omni XAG
MEXC SILVER_USDT
Binance XAGUSDT
edgeX XAGUSDC
OKX XAG-USDT-SWAP
Aftermath Perps XAGUSD
BloFin XAG-USDT
Bitget XAGUSDT
GRVT XAG_USDT_Perp
Bullet SILVER-USD
Hibachi XAG/USDT-P
Deribit SILVER_USDC-PERPETUAL
GMX SILVER/USD [ETH-USDC]
Kraken Futures PF_XAGUSD