Funding you earn now, next payment 06:00 UTC+0.0123%/8h= +13.5% APRpaid last 24h +0.055%
Price spread now: Bitget against Phoenix+0.066%69s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.009%−$1 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Bitget is 0.066% dearer against Phoenix than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 69 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 | Phoenix SILVER | 65.317 | 0.0061 | pay 0.0008% / 1h | 34m 15s | $56K | $31K | 25x |
| Short | Bitget XAGUSDT | 65.360 | 0.0184 | get 0.0092% / 4h | 1h 34m | $23.8M | $46.4M | 100x |
Phoenix SILVER
Bitget XAGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Phoenix. 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
- $25.83
- Price spread: +0.066% → 0.000%
- $6.58
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $13.41
- Costs to cover
- 0.190%
- Break-even
- 3.4 days
Slippage unknown: Phoenix: no order-book sample; Bitget: live order book, 5 min ago. Net counts fees only.
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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Bitget live order book, 5 min ago | 0.76 bp | 6.8 bp −$7 | 9.4 bp −$94 | 17.2 bp −$1,717 | 38.8 bp −$19.4K |
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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hibachi XAG/USDT-P | −0.0160% | 1h | 65.310 | −0.010% | $20K | $20K | 10x | as long as short |
| Ondo Perps XAG-USD.P | −0.0082% | 1h | 65.230 | −0.133% | $5.6M | $9.8M | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.295 | −0.033% | $12K | $5K | 5x | as long as short |
| Bybit XAGUSDT | 0.0000% | 4h | 65.380 | +0.096% | $28.3M | $39.5M | 150x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.350 | +0.051% | $2K | $2.6M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.380 | +0.096% | $1.1M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.390 | +0.112% | $1.5M | $280K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.304 | −0.019% | $118K | — | 250x | as long as short |
| Gate XAG_USDT | +0.0020% | 4h | 65.380 | +0.096% | $141.2M | $181.5M | 100x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.373 | +0.086% | $4.6M | $9.8M | 25x | as long as short |
Hibachi XAG/USDT-P
Ondo Perps XAG-USD.P
dYdX XAG-USD
Bybit XAGUSDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Gate XAG_USDT
Lighter RH XAGShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended XAG-USD | +0.0032% | 1h | 65.295 | −0.034% | $5.1M | $11.6M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +1.658% | $11K | $94K | 52x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 65.390 | +0.112% | $787K | $2.9M | 40x | as long as short |
| Aster XAGUSDT | +0.0045% | 4h | 65.350 | +0.051% | $2.7M | $973K | 100x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 65.767 | +0.689% | — | — | 25x | as long as short |
| QFEX SILVER-USD | +0.0050% | 1h | 65.330 | +0.020% | $152K | $2.8M | 20x | as long as short |
| tradeXYZ xyz:SILVER | +0.0050% | 1h | 65.311 | −0.009% | $170.3M | $83.5M | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.302 | −0.023% | $3.8M | $718K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.304 | −0.020% | $3K | $6K | 20x | as long as short |
| Variational Omni XAG | +0.0056% | 4h | 65.364 | +0.071% | $5.5M | $9.4M | — | as long as short |
| Paradex XAG-USD-PERP | +0.0056% | 8h | 65.323 | +0.009% | $29K | $1K | 5x | as long as short |
| RISEx XAG/USDC | +0.0061% | 1h | 65.351 | +0.052% | $1.3M | $4.9M | 20x | as long as short |
| Phoenix SILVERlong | +0.0061% | 1h | 65.317 | long leg | $56K | $31K | 25x | |
| MEXC SILVER_USDT | +0.0070% | 4h | 65.370 | +0.081% | $116.2M | $157.3M | 1000x | as long as short |
| Binance XAGUSDT | +0.0071% | 4h | 65.374 | +0.087% | $189.9M | $763.5M | 100x | as long as short |
| Kalshi KXSILVERPERP | +0.0077% | 24h | 65.317 | 0.000% | $480K | $30.8M | 8.1x | as long as short |
| Aevo XAG-PERP | +0.0080% | 1h | 65.348 | +0.047% | $47K | — | 10x | as long as short |
| edgeX XAGUSDC | +0.0084% | 4h | 65.366 | +0.075% | $665K | $313K | 30x | as long as short |
| Hotstuff SILVER-PERP | +0.0096% | 1h | 65.346 | +0.044% | $35K | $21K | 20x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.293 | −0.036% | $466K | $624K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.330 | +0.020% | $25.3M | $5.0M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.330 | +0.020% | $112K | $19K | 50x | as long as short |
| GRVT XAG_USDT_Perp | +0.0120% | 4h | 65.406 | +0.136% | $397K | $1.6M | 25x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0120% | 1h | 65.380 | +0.096% | $1.6M | $1.4M | 20x | as long as short |
| Nado XAG-PERP | +0.0125% | 1h | 65.299 | −0.027% | $1.2M | $5.5M | 10x | as long as short |
| Lighter XAG | +0.0128% | 1h | 65.382 | +0.100% | $5.4M | $11.4M | 25x | as long as short |
| Bullet SILVER-USD | +0.0170% | 1h | 65.367 | +0.077% | $44K | $76K | 10x | as long as short |
| Bitget XAGUSDTshort | +0.0184% | 4h | 65.360 | +0.066% | $23.8M | $46.4M | 100x | |
| OKX XAG-USDT-SWAP | +0.0187% | 8h | 65.370 | +0.081% | $27.9M | $71.4M | 50x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0209% | 1h | 65.350 | +0.051% | $65K | $376K | 20x | as long as short |
| Aftermath Perps XAGUSD | +0.0218% | 1h | 65.357 | +0.061% | $79K | $37K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0273% / S −0.0241% | 1h | 65.365 | +0.073% | $93K | — | 111x | as long as short |
| BloFin XAG-USDT | +0.0288% | 4h | 65.350 | +0.051% | $2.6M | $609K | 100x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0493% | 1h | 65.321 | +0.006% | $915K | $746K | 25x | as long as short |
Extended XAG-USD
Injective XAG/USDC PERP
StandX XAG-USD
Aster XAGUSDT
Vest SI-PERP
QFEX SILVER-USD
tradeXYZ xyz:SILVER
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Variational Omni XAG
Paradex XAG-USD-PERP
RISEx XAG/USDC
MEXC SILVER_USDT
Binance XAGUSDT
Kalshi KXSILVERPERP
Aevo XAG-PERP
edgeX XAGUSDC
Hotstuff SILVER-PERP
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
GRVT XAG_USDT_Perp
Coinbase International SILVER-PERP-INTX
Nado XAG-PERP
Lighter XAG
Bullet SILVER-USD
OKX XAG-USDT-SWAP
Deribit SILVER_USDC-PERPETUAL
Aftermath Perps XAGUSD
GMX SILVER/USD [ETH-USDC]
BloFin XAG-USDT
Kraken Futures PF_XAGUSD