Funding you earn now, next payment 08:00 UTC+0.0079%/8h= +8.6% APRnext payment +$0.10 per $10,000 · paid last 24h +0.001%
Price spread now: Phoenix against Lighter RH+0.071%105s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.063%+$6 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter RH: Points live · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Phoenix is 0.071% dearer against Lighter RH than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 105 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 | Lighter RH XAG | 64.926 | 0.0032 | pay 0.0004% / 1h | 41m 37s | $4.6M | $9.7M | 25x |
| Short | Phoenix SILVER | 64.972 | 0.0111 | get 0.0014% / 1h | 41m 37s | $55K | $31K | 25x |
Lighter RH XAG
Phoenix SILVERFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Lighter RH. 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
- $16.55
- Price spread: +0.071% → 0.000%
- $7.07
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $16.62
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Lighter RH: live order book, 2 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 Lighter RH live order book, 2 min ago | 1.52 bp | 1.6 bp −$2 | 2.4 bp −$24 | 25.3 bp −$2,530 | 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 | 64.862 | −0.099% | $12K | $5K | 5x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 64.960 | +0.052% | $2K | $2.4M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.020 | +0.145% | $1.1M | $1.3M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 64.970 | +0.068% | $1.4M | $298K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 64.887 | −0.060% | $117K | — | 250x | as long as short |
| Variational Omni XAG | +0.0029% | 4h | 65.124 | +0.305% | $5.3M | $9.1M | — | as long as short |
| Lighter RH XAGlong | +0.0032% | 1h | 64.926 | long leg | $4.6M | $9.7M | 25x | |
| Extended XAG-USD | +0.0032% | 1h | 64.857 | −0.106% | $5.0M | $12.1M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +2.270% | $11K | $94K | 52x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 64.980 | +0.083% | $782K | $3.0M | 40x | as long as short |
dYdX XAG-USD
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Variational Omni 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 | 65.377 | +0.694% | — | — | 25x | as long as short |
| QFEX SILVER-USD | +0.0047% | 1h | 64.920 | −0.009% | $375K | $1.5M | 20x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 64.907 | −0.029% | $3.8M | $890K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 64.884 | −0.065% | $3K | $6K | 20x | as long as short |
| Ondo Perps XAG-USD.P | +0.0050% | 1h | 64.830 | −0.148% | $5.6M | $9.9M | 25x | as long as short |
| Binance XAGUSDT | +0.0053% | 4h | 64.930 | +0.006% | $193.1M | $767.5M | 100x | as long as short |
| MEXC SILVER_USDT | +0.0054% | 4h | 64.910 | −0.025% | $115.2M | $157.2M | 1000x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0058% | 1h | 64.910 | −0.025% | $76K | $418K | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0059% | 8h | 64.894 | −0.049% | $29K | $166 | 5x | as long as short |
| Aster XAGUSDT | +0.0062% | 4h | 64.940 | +0.021% | $2.6M | $997K | 100x | as long as short |
| Gate XAG_USDT | +0.0070% | 4h | 64.930 | +0.006% | $138.8M | $180.6M | 100x | as long as short |
| Aevo XAG-PERP | +0.0072% | 1h | 64.952 | +0.039% | $47K | — | 10x | as long as short |
| edgeX XAGUSDC | +0.0080% | 4h | 65.090 | +0.252% | $663K | $315K | 30x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0080% | 1h | 64.900 | −0.040% | $1.6M | $1.4M | 20x | as long as short |
| Kalshi KXSILVERPERP | +0.0083% | 24h | 64.937 | +0.017% | $486K | $33.8M | 8.1x | as long as short |
| Hotstuff SILVER-PERP | +0.0096% | 1h | 65.059 | +0.205% | $35K | $21K | 20x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 64.860 | −0.102% | $462K | $592K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 64.900 | −0.040% | $25.1M | $4.4M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 64.990 | +0.098% | $111K | $19K | 50x | as long as short |
| Phoenix SILVERshort | +0.0111% | 1h | 64.972 | +0.071% | $55K | $31K | 25x | |
| Bybit XAGUSDT | +0.0120% | 4h | 64.940 | +0.021% | $29.3M | $41.6M | 150x | as long as short |
| tradeXYZ xyz:SILVER | +0.0144% | 1h | 64.889 | −0.057% | $174.0M | $86.6M | 25x | as long as short |
| RISEx XAG/USDC | +0.0158% | 1h | 64.941 | +0.022% | $1.2M | $4.9M | 20x | as long as short |
| Nado XAG-PERP | +0.0166% | 1h | 64.911 | −0.023% | $1.2M | $4.3M | 10x | as long as short |
| Bitget XAGUSDT | +0.0186% | 4h | 64.920 | −0.009% | $23.1M | $45.2M | 100x | as long as short |
| OKX XAG-USDT-SWAP | +0.0189% | 8h | 64.920 | −0.009% | $28.6M | $72.3M | 50x | as long as short |
| Aftermath Perps XAGUSD | +0.0215% | 1h | 64.978 | +0.079% | $78K | $37K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0237% / S −0.0196% | 1h | 64.965 | +0.060% | $92K | — | 111x | as long as short |
| BloFin XAG-USDT | +0.0246% | 4h | 64.980 | +0.083% | $2.7M | $636K | 100x | as long as short |
| Lighter XAG | +0.0248% | 1h | 64.917 | −0.014% | $5.3M | $11.0M | 25x | as long as short |
| Hibachi XAG/USDT-P | +0.0304% | 1h | 64.946 | +0.031% | $20K | $15K | 10x | as long as short |
| Bullet SILVER-USD | +0.0314% | 1h | 64.975 | +0.075% | $45K | $75K | 10x | as long as short |
| GRVT XAG_USDT_Perp | +0.0316% | 4h | 65.071 | +0.223% | $391K | $1.6M | 25x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0419% | 1h | 64.926 | 0.000% | $1.0M | $868K | 25x | as long as short |
Vest SI-PERP
QFEX SILVER-USD
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Ondo Perps XAG-USD.P
Binance XAGUSDT
MEXC SILVER_USDT
Deribit SILVER_USDC-PERPETUAL
Paradex XAG-USD-PERP
Aster XAGUSDT
Gate XAG_USDT
Aevo XAG-PERP
edgeX XAGUSDC
Coinbase International SILVER-PERP-INTX
Kalshi KXSILVERPERP
Hotstuff SILVER-PERP
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Bybit XAGUSDT
tradeXYZ xyz:SILVER
RISEx XAG/USDC
Nado XAG-PERP
Bitget XAGUSDT
OKX XAG-USDT-SWAP
Aftermath Perps XAGUSD
GMX SILVER/USD [ETH-USDC]
BloFin XAG-USDT
Lighter XAG
Hibachi XAG/USDT-P
Bullet SILVER-USD
GRVT XAG_USDT_Perp
Kraken Futures PF_XAGUSD