Funding you earn now, next payment 00:00 UTC+0.0068%/8h= +7.5% APRnext payment +$0.34 per $10,000 · paid last 24h +0.033%
Price spread now: BloFin against Phemex−0.165%59s7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$370.372% of the position
Funding, last 7 days−0.157%−$16 on $10k
+Price spread, last 3 days (all we have)+0.124%+$12 · spread now −0.165%, 7d avg −0.025%
=Funding pays, the price is against you. BloFin is 0.140% cheaper against Phemex than usual: you would sell low and buy high (spread −0.165% now, against its 7-day average of −0.025%). If the spread goes back, that is −$14 on $10k: about 6.8 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.157%, so the current rate has only just turned in your favour. The two prices were read 59 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 | Phemex XAGUSDT | 66.660 | 0 | get 0.0000% / 4h | 17m 35s | $1.5M | $250K | 100x |
| Short | BloFin XAG-USDT | 66.550 | 0.0068 | get 0.0034% / 4h | 17m 35s | $2.6M | $651K | 100x |
Phemex XAGUSDT
BloFin XAG-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Phemex. 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
- $14.32
- Price spread: −0.165% → −0.025%
- −$13.99
- Slippage, 4 orders
- −$13.21
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$36.87
- Costs to cover
- 0.372%
- Break-even
- 25.0 days
Slippage from Phemex: live order book, just now; BloFin: live order book, 6 min ago.
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 Phemex live order book, just now | 0.75 bp | 15.5 bp −$15 | 21.2 bp −$212 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 6 min ago | 1.50 bp | 7.5 bp −$8 | 7.5 bp −$75 | 7.9 bp −$792 | 13.7 bp −$6,833 |
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 | 66.560 | −0.150% | $15K | — | 5x | as long as short |
| Bybit XAGUSDT | 0.0000% | 4h | 66.650 | −0.015% | $26.2M | $34.6M | 150x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.650 | −0.015% | $156.1M | $174.2M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.680 | +0.030% | $2K | $3.0M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.670 | +0.015% | $1.0M | $1.1M | 75x | as long as short |
| Phemex XAGUSDTlong | 0.0000% | 4h | 66.660 | long leg | $1.5M | $250K | 100x | |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.610 | −0.075% | $121K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.620 | −0.061% | $4.8M | $9.6M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.575 | −0.127% | $5.5M | $12.2M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | −0.390% | $11K | $94K | 52x | as long as short |
dYdX XAG-USD
Bybit XAGUSDT
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
gTrade (Gains Network) XAG/USD
Lighter RH XAG
Extended XAG-USD
Injective XAG/USDC PERPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix SILVER | +0.0036% | 1h | 66.485 | −0.263% | $56K | $26K | 25x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 66.530 | −0.195% | $796K | $2.7M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 67.076 | +0.624% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.601 | −0.089% | $3.9M | $699K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.606 | −0.081% | $4K | $5K | 20x | as long as short |
| Ondo Perps XAG-USD.P | +0.0050% | 1h | 66.530 | −0.195% | $5.7M | $10.0M | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0060% | 24h | 66.595 | −0.098% | $583K | $21.4M | 8.1x | as long as short |
| QFEX SILVER-USD | +0.0061% | 1h | 66.610 | −0.075% | $125K | $2.8M | 20x | as long as short |
| BloFin XAG-USDTshort | +0.0068% | 4h | 66.550 | −0.165% | $2.6M | $651K | 100x | |
| tradeXYZ xyz:SILVER | +0.0072% | 1h | 66.600 | −0.090% | $166.0M | $86.9M | 25x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.577 | −0.124% | $481K | $618K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.610 | −0.075% | $24.6M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.570 | −0.135% | $127K | $26K | 50x | as long as short |
| Paradex XAG-USD-PERP | +0.0106% | 8h | 66.619 | −0.061% | $30K | $1K | 5x | as long as short |
| Variational Omni XAG | +0.0106% | 4h | 66.526 | −0.201% | $5.6M | $10.1M | — | as long as short |
| Aster XAGUSDT | +0.0116% | 4h | 66.644 | −0.024% | $2.8M | $1.1M | 100x | as long as short |
| Lighter XAG | +0.0120% | 1h | 66.622 | −0.057% | $5.2M | $10.4M | 25x | as long as short |
| Aevo XAG-PERP | +0.0120% | 1h | 66.664 | +0.005% | $48K | — | 10x | as long as short |
| MEXC SILVER_USDT | +0.0124% | 4h | 66.620 | −0.060% | $115.3M | $153.4M | 1000x | as long as short |
| Binance XAGUSDT | +0.0125% | 4h | 66.630 | −0.045% | $192.8M | $724.7M | 100x | as long as short |
| edgeX XAGUSDC | +0.0133% | 4h | 66.541 | −0.178% | $675K | $315K | 30x | as long as short |
| Hotstuff SILVER-PERP | +0.0152% | 1h | 66.598 | −0.093% | $35K | $21K | 20x | as long as short |
| Bitget XAGUSDT | +0.0152% | 4h | 66.640 | −0.030% | $24.4M | $48.4M | 100x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0160% | 1h | 66.640 | −0.030% | $1.9M | $851K | 20x | as long as short |
| Aftermath Perps XAGUSD | +0.0165% | 1h | 66.476 | −0.276% | $80K | $40K | 10x | as long as short |
| GRVT XAG_USDT_Perp | +0.0180% | 4h | 66.640 | −0.030% | $392K | $1.5M | 25x | as long as short |
| OKX XAG-USDT-SWAP | +0.0196% | 8h | 66.630 | −0.045% | $28.0M | $67.0M | 50x | as long as short |
| RISEx XAG/USDC | +0.0208% | 1h | 66.634 | −0.039% | $1.3M | $4.2M | 20x | as long as short |
| Nado XAG-PERP | +0.0254% | 1h | 66.588 | −0.109% | $1.3M | $6.6M | 10x | as long as short |
| Bullet SILVER-USD | +0.0254% | 1h | 66.667 | +0.010% | $45K | $75K | 10x | as long as short |
| Hibachi XAG/USDT-P | +0.0288% | 1h | 66.610 | −0.075% | $20K | $22K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0291% / S −0.0281% | 1h | 66.675 | +0.023% | $103K | — | 111x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0501% | 1h | 66.670 | +0.015% | $51K | $351K | 20x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0594% | 1h | 66.643 | −0.025% | $764K | $586K | 25x | as long as short |
Phoenix SILVER
StandX XAG-USD
Vest SI-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Ondo Perps XAG-USD.P
Kalshi KXSILVERPERP
QFEX SILVER-USD
tradeXYZ xyz:SILVER
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Paradex XAG-USD-PERP
Variational Omni XAG
Aster XAGUSDT
Lighter XAG
Aevo XAG-PERP
MEXC SILVER_USDT
Binance XAGUSDT
edgeX XAGUSDC
Hotstuff SILVER-PERP
Bitget XAGUSDT
Coinbase International SILVER-PERP-INTX
Aftermath Perps XAGUSD
GRVT XAG_USDT_Perp
OKX XAG-USDT-SWAP
RISEx XAG/USDC
Nado XAG-PERP
Bullet SILVER-USD
Hibachi XAG/USDT-P
GMX SILVER/USD [ETH-USDC]
Deribit SILVER_USDC-PERPETUAL
Kraken Futures PF_XAGUSD