Funding you earn now, next payment 00:00 UTC+0.0122%/8h= +13.3% APRnext payment +$0.61 per $10,000 · paid last 24h +0.032%
Price spread now: edgeX against Phemex−0.274%78s7-day average −0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$28as 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−$360.357% of the position
Funding, last 7 days+0.081%+$8 on $10k
+Price spread, last 3 days (all we have)+0.201%+$20 · spread now −0.274%, 7d avg −0.046%
=Together, before fees+0.282%+ Points / potential airdropedgeX: Active · farm board+$28 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.227% cheaper against Phemex than usual: you would sell low and buy high (spread −0.274% now, against its 7-day average of −0.046%). If the spread goes back, that is −$23 on $10k: about 6.2 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.081% in total) that is about 20 days. The two prices were read 78 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 | 18m 05s | $1.5M | $250K | 100x |
| Short | edgeX XAGUSDC | 66.478 | 0.0122 | get 0.0061% / 4h | 18m 05s | $674K | $314K | 30x |
Phemex XAGUSDT
edgeX XAGUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- $25.54
- Price spread: −0.274% → −0.046%
- −$22.71
- Slippage, 4 orders
- −$14.74
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$32.91
- Costs to cover
- 0.357%
- Break-even
- 16.0 days
Slippage from Phemex: live order book, 5 min ago; edgeX: live order book, 61 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, 5 min ago | 1.50 bp | 10.3 bp −$10 | 13.8 bp −$138 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 61 min ago | 2.26 bp | 6.8 bp −$7 | 6.8 bp −$68 | 9.2 bp −$918 | 20.9 bp −$10.4K |
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 | 66.660 | 0.000% | $26.2M | $34.6M | 150x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.660 | 0.000% | $154.7M | $173.9M | 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 | 66.631 | −0.043% | $4.8M | $9.6M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.586 | −0.111% | $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 | 67.085 | +0.638% | — | — | 25x | as long as short |
| Hotstuff SILVER-PERP | +0.0048% | 1h | 66.611 | −0.074% | $35K | $21K | 20x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.634 | −0.039% | $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 | 66.570 | −0.135% | $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 | 66.660 | 0.000% | $125K | $2.8M | 20x | as long as short |
| BloFin XAG-USDT | +0.0068% | 4h | 66.550 | −0.165% | $2.6M | $651K | 100x | as long as short |
| tradeXYZ xyz:SILVER | +0.0073% | 1h | 66.613 | −0.071% | $166.0M | $86.9M | 25x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.583 | −0.116% | $481K | $618K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.620 | −0.060% | $24.6M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.450 | −0.315% | $126K | $26K | 50x | as long as short |
| Variational Omni XAG | +0.0106% | 4h | 66.526 | −0.201% | $5.6M | $10.1M | — | as long as short |
| Paradex XAG-USD-PERP | +0.0107% | 8h | 66.633 | −0.040% | $30K | $1K | 5x | as long as short |
| Aster XAGUSDT | +0.0114% | 4h | 66.669 | +0.014% | $2.8M | $1.1M | 100x | as long as short |
| Lighter XAG | +0.0120% | 1h | 66.659 | −0.001% | $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 |
| edgeX XAGUSDCshort | +0.0122% | 4h | 66.478 | −0.274% | $674K | $314K | 30x | |
| MEXC SILVER_USDT | +0.0122% | 4h | 66.650 | −0.015% | $115.2M | $153.4M | 1000x | as long as short |
| Binance XAGUSDT | +0.0124% | 4h | 66.640 | −0.030% | $192.8M | $724.5M | 100x | as long as short |
| Bitget XAGUSDT | +0.0152% | 4h | 66.660 | 0.000% | $24.5M | $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 | +0.0178% | 4h | 66.490 | −0.255% | $390K | $1.5M | 25x | as long as short |
| OKX XAG-USDT-SWAP | +0.0197% | 8h | 66.640 | −0.030% | $28.0M | $67.0M | 50x | as long as short |
| RISEx XAG/USDC | +0.0208% | 1h | 66.657 | −0.005% | $1.3M | $4.2M | 20x | as long as short |
| Bullet SILVER-USD | +0.0254% | 1h | 66.667 | +0.010% | $45K | $75K | 10x | as long as short |
| Nado XAG-PERP | +0.0255% | 1h | 66.595 | −0.097% | $1.3M | $6.6M | 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 |
| Hibachi XAG/USDT-P | +0.0296% | 1h | 66.521 | −0.208% | $20K | $22K | 10x | 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
Hotstuff SILVER-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Ondo Perps XAG-USD.P
Kalshi KXSILVERPERP
QFEX SILVER-USD
BloFin XAG-USDT
tradeXYZ xyz:SILVER
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Variational Omni XAG
Paradex XAG-USD-PERP
Aster XAGUSDT
Lighter XAG
Aevo XAG-PERP
MEXC SILVER_USDT
Binance XAGUSDT
Bitget XAGUSDT
Coinbase International SILVER-PERP-INTX
Aftermath Perps XAGUSD
GRVT XAG_USDT_Perp
OKX XAG-USDT-SWAP
RISEx XAG/USDC
Bullet SILVER-USD
Nado XAG-PERP
GMX SILVER/USD [ETH-USDC]
Hibachi XAG/USDT-P
Deribit SILVER_USDC-PERPETUAL
Kraken Futures PF_XAGUSD