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Funding arb · Price arb /

XAG

RWAall XAG markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0041%/8h= +4.5% APRpaid last 24h −0.010%
Price spread now: Phoenix against Paradex−0.282%106s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on ParadexShort on Phoenix
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories
Funding pays, the price is against you. Phoenix is 0.282% cheaper against Paradex than usual: you would sell low and buy high (spread −0.282% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$28 on $10k: about 23 days of funding at the current rate (+$1 a day). The two prices were read 106 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex XAG-USD-PERP64.7970.0070pay 0.0070% / 8h7h 23m$29K$1665x
ShortPhoenix SILVER64.6150.0111get 0.0014% / 1h23m 30s$55K$31K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix against Paradex. 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

Funding earned
$8.65
Price spread: −0.282% → 0.000%
−$28.15
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$30.5
Costs to cover
0.110%
Break-even
31.7 days
Slippage unknown: Paradex: 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
LegHalf-spread$10k$100k$1M$5M
Buy Paradex no order-book sample—————
Sell Phoenix no order-book sample—————
Paradex 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX XAG-USD0.0000%1h64.642−0.240%$12K$6K5xas long as short
SunX XAG-USDT0.0000%4h64.780−0.027%$2K$2.4M20xas long as short
HTX XAG-USDT0.0000%4h64.820+0.035%$1.1M$1.3M75xas long as short
Phemex XAGUSDT0.0000%4h64.800+0.004%$1.5M$346K100xas long as short
gTrade (Gains Network) XAG/USDL +0.0004% / S −0.0006%1h64.616−0.281%$117K—250xas long as short
Variational Omni XAG+0.0021%4h64.652−0.224%$5.4M$9.1M—as long as short
Gate XAG_USDT+0.0026%4h64.830+0.050%$138.7M$187.1M100xas long as short
Lighter RH XAG+0.0032%1h64.803+0.008%$4.5M$9.9M25xas long as short
Extended XAG-USD+0.0032%1h64.733−0.099%$5.0M$12.0M10xas long as short
Injective XAG/USDC PERP+0.0033%1h64.602−0.302%$11K$24052xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
StandX XAG-USD+0.0040%1h64.770−0.042%$779K$3.0M40xas long as short
Vest SI-PERP+0.0046%1h65.172+0.578%——25xas long as short
QFEX SILVER-USD+0.0047%1h64.790−0.011%$445K$1.5M20xas long as short
Polymarket Perps SILVER-USD+0.0050%1h64.703−0.146%$3.8M$890K20xas long as short
SoDEX SILVER-USD+0.0050%1h64.708−0.138%$3K$6K20xas long as short
Ondo Perps XAG-USD.P+0.0050%1h64.730−0.104%$5.6M$10.0M25xas long as short
edgeX XAGUSDC+0.0062%4h64.689−0.167%$659K$313K30xas long as short
MEXC SILVER_USDT+0.0064%4h64.810+0.019%$122.6M$159.9M1000xas long as short
Paradex XAG-USD-PERPlong+0.0070%8h64.797long leg$29K$1665x
Binance XAGUSDT+0.0071%4h64.820+0.035%$196.5M$786.0M100xas long as short
Aevo XAG-PERP+0.0072%1h64.756−0.065%$46K—10xas long as short
Coinbase International SILVER-PERP-INTX+0.0080%1h64.680−0.181%$1.6M$1.5M20xas long as short
Kalshi KXSILVERPERP+0.0086%24h64.783−0.022%$487K$35.1M8.1xas long as short
Aster XAGUSDT+0.0092%4h64.789−0.014%$2.6M$1.0M100xas long as short
Pacifica XAG+0.0100%1h64.760−0.058%$462K$591K10xas long as short
KuCoin XAGUSDTM+0.0100%4h64.760−0.058%$25.0M$4.6M75xas long as short
ApeX Omni XAGUSDT+0.0100%1h64.730−0.104%$111K$19K50xas long as short
Phoenix SILVERshort+0.0111%1h64.615−0.282%$55K$31K25x
Hotstuff SILVER-PERP+0.0112%1h64.785−0.019%$34K$21K20xas long as short
tradeXYZ xyz:SILVER+0.0134%1h64.779−0.028%$172.6M$88.4M25xas long as short
RISEx XAG/USDC+0.0158%1h64.820+0.035%$1.2M$4.9M20xas long as short
Nado XAG-PERP+0.0165%1h64.764−0.052%$1.2M$4.2M10xas long as short
OKX XAG-USDT-SWAP+0.0204%8h64.820+0.035%$28.9M$75.6M50xas long as short
GRVT XAG_USDT_Perp+0.0204%4h64.730−0.104%$385K$1.6M25xas long as short
Bitget XAGUSDT+0.0208%4h64.820+0.035%$22.8M$48.0M100xas long as short
Aftermath Perps XAGUSD+0.0218%1h64.753−0.068%$78K$37K10xas long as short
Lighter XAG+0.0232%1h64.804+0.010%$5.2M$11.2M25xas long as short
GMX SILVER/USD [ETH-USDC]L +0.0237% / S −0.0196%1h64.805+0.012%$92K—111xas long as short
BloFin XAG-USDT+0.0249%4h64.710−0.135%$2.7M$694K100xas long as short
Bullet SILVER-USD+0.0303%1h64.802+0.007%$44K$75K10xas long as short
Bybit XAGUSDT+0.0311%4h64.830+0.050%$30.1M$43.7M150xas long as short
Hibachi XAG/USDT-P+0.0344%1h64.644−0.236%$19K$15K10xas long as short
Deribit SILVER_USDC-PERPETUAL+0.0368%1h64.770−0.042%$76K$434K20xas long as short
Kraken Futures PF_XAGUSD+0.0420%1h64.782−0.024%$1.0M$894K25xas long as short