XAG

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PhemexXAGUSDT	54.020	+0.0235	pay 0.0118% / 4h	2h 48m	$1.3M	$5.4M	100x	Long Phemex
SHORT	OrderlyPERP_XAG_USDC	53.890	+0.0100	get 0.0050% / 4h	2h 48m	$250K	$50K	20x	Short Orderly

Price gap−0.241%

Funding gap−0.0135% /8h

Both sides work against this direction now: funding costs $4 a day on $10k and the gap is 0.083% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$13−0.0135% /8h now · paid −0.130% over the last 7D

Price−$8spread −0.241% now, avg −0.158% → −0.083% if it goes back

Costsno datano order book for Orderly

Result, before costs−$21−0.21%no pointscosts unknown: no order book for Orderly · What the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.241%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

XAG on 49 exchanges

lowest funding first

Before you open

1 ok · 3 to watch

Note: Order book unknown—
No order-book sample for Orderly: its slippage is not counted.
Note: Margin at max leverage$100 + $500
Phemex 100x, Orderly 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval4h / 4h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: −$4.05Long Phemex: 6 payments, −$7.05; short Orderly: 6 payments, +$3.00.
Watch: Gap narrower than usual−0.241% vs −0.158%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Short leg is thinner$250K vs $1.3M OI
Orderly sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCPhemex Yes · Orderly No
KYC unlocks spot and futures trading; an unverified account cannot withdraw at all.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0062%/8h × 21 periods−$13.04

Price spread−0.241% → −0.158% (7d avg)−$8.27

Slippage, 4 ordersno data for Orderly—

Fee Phemex bp × 2 orders−$12.00

Fee Orderly bp × 2 orders−$6.00

Net, fees only · 7 days · $10k−$39.30

Costs to cover0.180%Break-evennever at this rate

Slippage: Phemex: live order book, 4 min ago; Orderly: no order-book sample

Cost to enter

taker + slippage from mid, one side

BUY · LONGPhemex2.778.8 bp−$98.8 bp−$888.8 bp−$87715.6 bp−$7,818

SELL · SHORTOrderly—————

Closing costs about the same again.
Orderly: no data.

XAG news

posts that mention XAG or Silver, from every exchangeSearch all news →

10-26 11:00	Bitget	Other	Market opens in few hours. ⏳ Trade stocks, gold, silver, oil, all on Bitget TradFi Perps now. @bitget on X ↗
10-26 07:53	Bitget	Other	Time to lock in and position early. 👀 Trade stocks, gold, silver, oil, all on Bitget TradFi Perps now. @bitget on X ↗
10-23 02:30	MEXC	Other	📉 Tech stocks 📉 Gold 📉 Silver 📈 Oil Markets aren't following the usual script. Which chart has your attention today? 👀 @MEXC on X ↗
10-22 15:08	BingX	Other	When commodities make headlines, depth matters 📊 Trade GOLD, WTI, BRENT, and SILVER perpetuals with deeper order books on #BingXTradFi. Up to 5.1x the depth vs No.2 (GOLD-USDT, 100 bps). See the breakdown 👇 @BingXOfficial on X ↗
10-22 12:00	KuCoin	Other	KuCoin TradFi now offers 170+ perpetual contract pairs across eight categories, giving eligible users 24/7 access to contracts referencing US, Hong Kong, and South Korean equities, metals, and other commodities. The lineup covers names like Tesla, NVIDIA, Micron, and SanDisk, plus crude oil, natural gas, copper, and silver, all settled in USDT. For VIP1+ users, the Unified Trading Account supports TradFi futures in one shared framework, and KCUSD can be used as margin while it keeps earning rewards. Explore the full lineup on the KuCoin Blog 👇 @kucoincom on X ↗
10-16 11:59	Reya	Listing	new market XAGRUSDPERP ($XAG) seen by our collector

XAG