Funding you earn now, next payment 04:00 UTC+0.0118%/8h= +12.9% APRpaid last 24h +0.024%
Price spread now: BloFin against Phoenix+0.102%106s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.263%−$26 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 BloFin is 0.102% dearer against Phoenix than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.263%, so the current rate has only just turned in your favour. The two prices were read 106 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 | 65.963 | 0.0073 | pay 0.0009% / 1h | 23m 29s | $56K | $26K | 25x |
| Short | BloFin XAG-USDT | 66.030 | 0.0191 | get 0.0095% / 4h | 3h 23m | $2.6M | $562K | 100x |
Phoenix SILVER
BloFin XAG-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $24.78
- Price spread: +0.102% → 0.000%
- $10.16
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $15.94
- Costs to cover
- 0.190%
- Break-even
- 2.5 days
Slippage unknown: Phoenix: no order-book sample; BloFin: live order book, 10 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 BloFin live order book, 10 min ago | 1.51 bp | 7.5 bp −$8 | 9.1 bp −$91 | 11.7 bp −$1,170 | 17.8 bp −$8,912 |
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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps XAG-USD.P | −0.0057% | 1h | 65.920 | −0.065% | $5.7M | $9.2M | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.989 | +0.039% | $15K | — | 5x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.020 | +0.086% | $2K | $2.6M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.060 | +0.147% | $1.0M | $964K | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.020 | +0.086% | $1.5M | $320K | 100x | as long as short |
| Gate XAG_USDT | +0.0002% | 4h | 66.060 | +0.147% | $149.9M | $163.8M | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.002 | +0.059% | $120K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.030 | +0.101% | $4.8M | $9.5M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.988 | +0.038% | $5.2M | $11.5M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.662% | $11K | $94K | 52x | as long as short |
Ondo Perps XAG-USD.P
dYdX XAG-USD
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
Gate 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 | |
|---|---|---|---|---|---|---|---|---|
| StandX XAG-USD | +0.0040% | 1h | 66.020 | +0.086% | $794K | $3.0M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.471 | +0.770% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.018 | +0.083% | $3.9M | $674K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.963 | 0.000% | $3K | $6K | 20x | as long as short |
| tradeXYZ xyz:SILVER | +0.0051% | 1h | 66.018 | +0.083% | $166.5M | $73.8M | 25x | as long as short |
| Paradex XAG-USD-PERP | +0.0057% | 8h | 66.030 | +0.102% | $30K | $1K | 5x | as long as short |
| QFEX SILVER-USD | +0.0060% | 1h | 66.030 | +0.102% | $114K | $2.7M | 20x | as long as short |
| Phoenix SILVERlong | +0.0073% | 1h | 65.963 | long leg | $56K | $26K | 25x | |
| Kalshi KXSILVERPERP | +0.0073% | 24h | 65.983 | +0.030% | $517K | $26.1M | 8.1x | as long as short |
| Hotstuff SILVER-PERP | +0.0080% | 1h | 65.992 | +0.044% | $35K | $21K | 20x | as long as short |
| RISEx XAG/USDC | +0.0080% | 1h | 66.054 | +0.137% | $1.3M | $4.9M | 20x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.988 | +0.038% | $470K | $608K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.020 | +0.086% | $24.4M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.980 | +0.026% | $113K | $30K | 50x | as long as short |
| Lighter XAG | +0.0104% | 1h | 66.034 | +0.108% | $5.2M | $10.7M | 25x | as long as short |
| Aster XAGUSDT | +0.0130% | 4h | 66.050 | +0.132% | $2.7M | $866K | 100x | as long as short |
| Bybit XAGUSDT | +0.0132% | 4h | 66.070 | +0.162% | $27.8M | $36.6M | 150x | as long as short |
| Nado XAG-PERP | +0.0171% | 1h | 66.011 | +0.073% | $1.4M | $5.8M | 10x | as long as short |
| Aevo XAG-PERP | +0.0176% | 1h | 66.009 | +0.070% | $47K | — | 10x | as long as short |
| Variational Omni XAG | +0.0178% | 4h | 66.013 | +0.075% | $5.6M | $9.4M | — | as long as short |
| MEXC SILVER_USDT | +0.0186% | 4h | 66.050 | +0.132% | $114.7M | $152.5M | 1000x | as long as short |
| Binance XAGUSDT | +0.0187% | 4h | 66.059 | +0.146% | $191.2M | $701.1M | 100x | as long as short |
| BloFin XAG-USDTshort | +0.0191% | 4h | 66.030 | +0.102% | $2.6M | $562K | 100x | |
| Aftermath Perps XAGUSD | +0.0192% | 1h | 65.982 | +0.029% | $79K | $36K | 10x | as long as short |
| edgeX XAGUSDC | +0.0196% | 4h | 66.015 | +0.078% | $670K | $310K | 30x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0205% | 1h | 66.000 | +0.056% | $75K | $363K | 20x | as long as short |
| GRVT XAG_USDT_Perp | +0.0206% | 4h | 66.026 | +0.096% | $394K | $1.5M | 25x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0208% | 1h | 65.950 | −0.020% | $1.8M | $1.0M | 20x | as long as short |
| OKX XAG-USDT-SWAP | +0.0227% | 8h | 66.050 | +0.132% | $27.7M | $64.5M | 50x | as long as short |
| Bullet SILVER-USD | +0.0228% | 1h | 66.059 | +0.145% | $45K | $76K | 10x | as long as short |
| Bitget XAGUSDT | +0.0230% | 4h | 66.050 | +0.132% | $23.9M | $45.2M | 100x | as long as short |
| Hibachi XAG/USDT-P | +0.0304% | 1h | 65.970 | +0.011% | $20K | $19K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0387% / S −0.0440% | 1h | 66.025 | +0.094% | $105K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0624% | 1h | 65.996 | +0.050% | $911K | $683K | 25x | as long as short |
StandX XAG-USD
Vest SI-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
tradeXYZ xyz:SILVER
Paradex XAG-USD-PERP
QFEX SILVER-USD
Kalshi KXSILVERPERP
Hotstuff SILVER-PERP
RISEx XAG/USDC
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Lighter XAG
Aster XAGUSDT
Bybit XAGUSDT
Nado XAG-PERP
Aevo XAG-PERP
Variational Omni XAG
MEXC SILVER_USDT
Binance XAGUSDT
Aftermath Perps XAGUSD
edgeX XAGUSDC
Deribit SILVER_USDC-PERPETUAL
GRVT XAG_USDT_Perp
Coinbase International SILVER-PERP-INTX
OKX XAG-USDT-SWAP
Bullet SILVER-USD
Bitget XAGUSDT
Hibachi XAG/USDT-P
GMX SILVER/USD [ETH-USDC]
Kraken Futures PF_XAGUSD