TxFlow Level Up: trade perps and earn up to 300 USDC at $4M volume. Until Nov 2 Join
Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
My profile →
My profile
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG49.351−0.0130get 0.0016% / 1h9m 56s$82K$146K25xLong Phoenix
SHORT49.129L +0.0046S +0.0025pay 0.0003% / 1h9m 56s$245K—75xShort Avantis
Price gap−0.450%61s
Funding gap+0.0105% /8h

Funding pays +$3 a day on $10k, but the gap is 0.474% under its 7d average: −$47 if it goes back, about 15 days of funding.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$43+0.0105% /8h now · paid −0.429% over the last 7D
Price—spread −0.450%61s now · prices read too far apart to compare
Costsno datano order book for Avantis
Result, before costs—+ Points / potential airdropAvantis: Season 3 · farm boardneeds both prices read together

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.450%
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 46 exchanges

lowest funding first

Before you open

3 ok · 2 to watch
  • Note: Order book unknown—
    No order-book sample for Avantis: its slippage is not counted.
  • Note: Margin at max leverage$400 + $133
    Phoenix 25x, Avantis 75x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval1h / 1h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: +$3.14Long Phoenix: 24 payments, +$3.89; short Avantis: 24 payments, −$0.75.
  • Watch: Prices read 61 s apart−0.450% vs +0.024%
    Part of this gap may be the market moving.
  • Watch: Long leg is thinner$82K vs $245K OI
    Phoenix sets your exit cost. Check its book before closing.
  • OK: Points on a legAvantis Season 3
    Volume here counts toward the points program.
  • OK: No KYC on either legPhoenix No · Avantis No
    Both exchanges let you trade without ID.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0204%/8h × 21 periods−$42.89
Price spreadprices read too far apart to compare—
Slippage, 4 ordersno data for Avantis—
Fee Phoenix bp × 2 orders−$7.00
Fee Avantis bp × 2 orders−$8.00
Net, fees only · 7 days · $10k−$57.89
price spread not counted: prices read too far apart
Costs to cover0.150%Break-evennever at this rate
Slippage: Phoenix: live order book, 12 min ago; Avantis: no order-book sample

Cost to enter

taker + slippage from mid, one side
BUY · LONGPhoenix2.438.8 bp−$917.1 bp−$171doesn’t fitdoesn’t fit
SELL · SHORTAvantis—————

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

Alert

XAG news

posts that mention XAG or Silver, from every exchangeSearch all news →
10-30 07:00BybitOtherBuilding the future of digital assets takes collaboration, innovation, and meaningful industry conversations. Bybit is heading to India Blockchain Week 2026 as a Silver Sponsor! 🇮🇳 We look forward to connecting with ecosystem partners, institutional players, and innovators to exchange ideas, explore new opportunities, and discuss what’s next for the blockchain and fintech ecosystem. Mumbai, India | November 1–2, 2026 Let’s connect and shape the future of digital assets together. @Bybit_Official on X ↗
10-30 06:09BybitOtherBybit is heading to India Blockchain Week 2026 as a Silver Sponsor! 🇮🇳 Mumbai, India | November 1–2, 2026 Let’s connect and shape the future of digital assets together. @Bybit_Official on X ↗
10-29 14:00MEXCContestWatching gold, silver or oil? Price is only half the story. 👀 Know the drivers behind your watchlist. 👇 Explore #MEXC’s Midterm Market Rush: ⚡ 0 trading fees on selected TradFi pairs 🎁 $500,000 total reward pool Register & complete missions for a chance to earn rewards: @MEXC on X ↗
10-29 13:33KalshiOtherBREAKING: Silver falls below $53/oz @Kalshi on X ↗
10-29 11:22InjectiveOtherThe cost of AI compute is becoming a major financial market, and Injective is now making it possible to hedge that cost with options. Hundreds of billions of dollars are flowing into AI infrastructure, with demand expected to accelerate as model training, inference and autonomous agents scale globally. Yet despite this growth, financial markets for GPU compute remain largely undeveloped. Injective recently introduced the Super Intelligence Compute Index ($SICI), the first onchain index tracking rental prices across five NVIDIA GPUs. Now, with the launch of Injective Options, that same index can be used to hedge against changes in GPU pricing. → AI companies can purchase $SICI calls to help protect against rising compute costs. → GPU infrastructure providers can purchase puts to help offset declining rental prices. This is only one example of what’s now possible. Developers can leverage the recently unveiled new options infrastructure on $INJ to launch white label exchanges, create custom derivatives markets and build entirely new financial products without developing the underlying technology from scratch. The initial launch also supports options across US equities, gold, silver and oil, with fully collateralized contracts backed by native Injective USDC. As the AI economy grows, Injective is bringing the financial infrastructure needed to trade and manage its underlying costs onchain. Watch the complete demo for executing AI compute index options on Injective below 👇 @injective on X ↗
10-27 13:58InjectiveProductA new era of options infrastructure is coming to Injective. Just one day after launching the Super Intelligence Compute Index ($SICI), Injective is officially unveiling Injective Options, introducing an entirely new financial primitive for developers, institutions and users. Now LIVE on testnet. The initial launch brings fully backed calls and puts across six distinct markets: → SICI: The first onchain AI compute index → US500: The top 500 US companies → US Tech: The top 100 US technology companies → Gold, Silver and Oil: Global commodities Every option is fully collateralized using native Injective USDC, as USDC becomes a canonical standard across more than 20 blockchains. But these initial markets only represent just a fraction of what’s possible on $INJ starting now Developers can leverage the new options infrastructure to build white label exchanges, launch their own derivatives protocols and introduce entirely new financial products without building the underlying infrastructure from scratch. Institutions can create customized derivatives and hedging products, while users gain access to new markets and the ability to trade or write options directly onchain. As more applications launch, they can generate entirely new revenue streams for builders while bringing additional trading activity, liquidity and fees to Injective and its broader ecosystem. Injective isn’t building just another options exchange. It’s introducing the composable infrastructure for an entire ecosystem of options protocols to thrive and interact with financial primitives across the onchain universe. And this is only the beginning. @injective on X ↗