Funding you earn now, next payment 06:00 UTC−0.0039%/8h= −4.3% APRnext payment −$0.05 per $10,000 · paid last 24h −0.019%
Price spread now: Phoenix against Pacifica+0.003%47s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.053%+$5 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.053%, so the current rate has only just turned against you. The two prices were read 47 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 | Pacifica XAG | 65.315 | 0.0100 | pay 0.0013% / 1h | 32m 37s | $466K | $624K | 10x |
| Short | Phoenix SILVER | 65.317 | 0.0061 | get 0.0008% / 1h | 32m 37s | $56K | $31K | 25x |
Pacifica XAG
Phoenix SILVERFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Pacifica. 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
- −$8.19
- Price spread: +0.003% → 0.000%
- $0.25
- Slippage, 4 orders
- no order book: not counted
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$22.93
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Pacifica: live order book, 11 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 Pacifica live order book, 11 min ago | 0.08 bp | doesn't fit | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi XAG/USDT-P | −0.0160% | 1h | 65.313 | −0.004% | $20K | $20K | 10x | as long as short |
| Ondo Perps XAG-USD.P | −0.0086% | 1h | 65.230 | −0.131% | $5.6M | $9.8M | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.295 | −0.031% | $12K | $5K | 5x | as long as short |
| Bybit XAGUSDT | 0.0000% | 4h | 65.370 | +0.084% | $28.3M | $39.5M | 150x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.410 | +0.145% | $2K | $2.6M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.430 | +0.176% | $1.1M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.390 | +0.114% | $1.5M | $280K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.314 | −0.001% | $118K | — | 250x | as long as short |
| Gate XAG_USDT | +0.0020% | 4h | 65.380 | +0.099% | $141.3M | $181.7M | 100x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.361 | +0.070% | $4.6M | $9.8M | 25x | as long as short |
Hibachi XAG/USDT-P
Ondo Perps XAG-USD.P
dYdX XAG-USD
Bybit XAGUSDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Gate XAG_USDT
Lighter RH XAGShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended XAG-USD | +0.0032% | 1h | 65.310 | −0.008% | $5.1M | $11.6M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +1.661% | $11K | $94K | 52x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 65.390 | +0.114% | $787K | $2.9M | 40x | as long as short |
| Aster XAGUSDT | +0.0044% | 4h | 65.350 | +0.053% | $2.7M | $973K | 100x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 65.797 | +0.737% | — | — | 25x | as long as short |
| QFEX SILVER-USD | +0.0050% | 1h | 65.340 | +0.038% | $152K | $2.8M | 20x | as long as short |
| tradeXYZ xyz:SILVER | +0.0050% | 1h | 65.339 | +0.036% | $170.3M | $83.6M | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.360 | +0.068% | $3.8M | $718K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.330 | +0.022% | $3K | $6K | 20x | as long as short |
| Variational Omni XAG | +0.0056% | 4h | 65.364 | +0.074% | $5.5M | $9.4M | — | as long as short |
| Paradex XAG-USD-PERP | +0.0056% | 8h | 65.349 | +0.052% | $29K | $1K | 5x | as long as short |
| RISEx XAG/USDC | +0.0061% | 1h | 65.398 | +0.127% | $1.3M | $4.9M | 20x | as long as short |
| Phoenix SILVERshort | +0.0061% | 1h | 65.317 | +0.003% | $56K | $31K | 25x | |
| Hotstuff SILVER-PERP | +0.0064% | 1h | 65.346 | +0.047% | $35K | $21K | 20x | as long as short |
| MEXC SILVER_USDT | +0.0068% | 4h | 65.360 | +0.068% | $116.5M | $157.3M | 1000x | as long as short |
| Binance XAGUSDT | +0.0069% | 4h | 65.358 | +0.066% | $190.2M | $762.8M | 100x | as long as short |
| Aevo XAG-PERP | +0.0072% | 1h | 65.382 | +0.102% | $47K | — | 10x | as long as short |
| Kalshi KXSILVERPERP | +0.0077% | 24h | 65.359 | +0.067% | $480K | $30.8M | 8.1x | as long as short |
| edgeX XAGUSDC | +0.0084% | 4h | 65.366 | +0.078% | $665K | $313K | 30x | as long as short |
| Pacifica XAGlong | +0.0100% | 1h | 65.315 | long leg | $466K | $624K | 10x | |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.330 | +0.022% | $25.3M | $5.0M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.330 | +0.022% | $112K | $19K | 50x | as long as short |
| GRVT XAG_USDT_Perp | +0.0120% | 4h | 65.406 | +0.139% | $397K | $1.6M | 25x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0120% | 1h | 65.380 | +0.099% | $1.6M | $1.4M | 20x | as long as short |
| Nado XAG-PERP | +0.0126% | 1h | 65.310 | −0.009% | $1.2M | $5.5M | 10x | as long as short |
| Lighter XAG | +0.0128% | 1h | 65.373 | +0.088% | $5.4M | $11.4M | 25x | as long as short |
| Bullet SILVER-USD | +0.0173% | 1h | 65.396 | +0.124% | $44K | $76K | 10x | as long as short |
| Bitget XAGUSDT | +0.0182% | 4h | 65.380 | +0.099% | $23.8M | $46.4M | 100x | as long as short |
| OKX XAG-USDT-SWAP | +0.0186% | 8h | 65.360 | +0.068% | $27.9M | $71.0M | 50x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0209% | 1h | 65.370 | +0.084% | $65K | $377K | 20x | as long as short |
| Aftermath Perps XAGUSD | +0.0219% | 1h | 65.371 | +0.086% | $79K | $37K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0273% / S −0.0241% | 1h | 65.365 | +0.076% | $93K | — | 111x | as long as short |
| BloFin XAG-USDT | +0.0277% | 4h | 65.400 | +0.130% | $2.6M | $610K | 100x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0493% | 1h | 65.364 | +0.075% | $916K | $746K | 25x | as long as short |
Extended XAG-USD
Injective XAG/USDC PERP
StandX XAG-USD
Aster XAGUSDT
Vest SI-PERP
QFEX SILVER-USD
tradeXYZ xyz:SILVER
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Variational Omni XAG
Paradex XAG-USD-PERP
RISEx XAG/USDC
Hotstuff SILVER-PERP
MEXC SILVER_USDT
Binance XAGUSDT
Aevo XAG-PERP
Kalshi KXSILVERPERP
edgeX XAGUSDC
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
GRVT XAG_USDT_Perp
Coinbase International SILVER-PERP-INTX
Nado XAG-PERP
Lighter XAG
Bullet SILVER-USD
Bitget XAGUSDT
OKX XAG-USDT-SWAP
Deribit SILVER_USDC-PERPETUAL
Aftermath Perps XAGUSD
GMX SILVER/USD [ETH-USDC]
BloFin XAG-USDT
Kraken Futures PF_XAGUSD