Funding you earn now, next payment 04:00 UTC+0.0036%/8h= +4.0% APRpaid last 24h +0.013%
Price spread now: Bybit against Phoenix+0.194%105s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.086%−$9 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 +$1 a day on $10k at the current rate, and Bybit is 0.194% dearer against Phoenix than usual: you sell high and buy low: +$19 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 −0.086%, so the current rate has only just turned in your favour. The two prices were read 105 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 | 65.972 | 0.0073 | pay 0.0009% / 1h | 53m 40s | $56K | $26K | 25x |
| Short | Bybit XAGUSDT | 66.100 | 0.0109 | get 0.0054% / 4h | 2h 53m | $27.7M | $36.4M | 150x |
Phoenix SILVER
Bybit XAGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $7.59
- Price spread: +0.194% → 0.000%
- $19.4
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $8.99
- Costs to cover
- 0.180%
- Break-even
- from the start
Slippage unknown: Phoenix: no order-book sample; Bybit: 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 Bybit live order book, 5 min ago | 0.76 bp | 6.3 bp −$6 | 8.1 bp −$81 | 15.8 bp −$1,583 | 62.3 bp −$31.1K |
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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX XAG-USD | 0.0000% | 1h | 65.989 | +0.025% | $14K | $66 | 5x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.090 | +0.179% | $2K | $2.6M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.130 | +0.239% | $1.1M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.070 | +0.149% | $1.5M | $257K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.024 | +0.079% | $120K | — | 250x | as long as short |
| Ondo Perps XAG-USD.P | +0.0008% | 1h | 65.990 | +0.027% | $5.7M | $9.2M | 25x | as long as short |
| RISEx XAG/USDC | +0.0030% | 1h | 66.110 | +0.209% | $1.3M | $4.8M | 20x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.080 | +0.164% | $4.8M | $9.2M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.022 | +0.076% | $5.2M | $11.5M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.649% | $11K | $94K | 52x | as long as short |
dYdX XAG-USD
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Ondo Perps XAG-USD.P
RISEx XAG/USDC
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff SILVER-PERP | +0.0040% | 1h | 66.052 | +0.121% | $35K | $21K | 20x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 66.080 | +0.164% | $795K | $3.0M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.506 | +0.809% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.052 | +0.121% | $3.9M | $676K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.008 | +0.055% | $3K | $6K | 20x | as long as short |
| QFEX SILVER-USD | +0.0051% | 1h | 66.090 | +0.179% | $114K | $2.7M | 20x | as long as short |
| Gate XAG_USDT | +0.0054% | 4h | 66.110 | +0.209% | $149.8M | $153.9M | 100x | as long as short |
| Paradex XAG-USD-PERP | +0.0055% | 8h | 66.074 | +0.155% | $30K | $1K | 5x | as long as short |
| Phoenix SILVERlong | +0.0073% | 1h | 65.972 | long leg | $56K | $26K | 25x | |
| Kalshi KXSILVERPERP | +0.0074% | 24h | 66.059 | +0.132% | $530K | $26.7M | 8.1x | as long as short |
| tradeXYZ xyz:SILVER | +0.0098% | 1h | 66.049 | +0.117% | $166.5M | $73.7M | 25x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.026 | +0.082% | $470K | $605K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.050 | +0.118% | $24.4M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.000 | +0.042% | $113K | $30K | 50x | as long as short |
| Bybit XAGUSDTshort | +0.0109% | 4h | 66.100 | +0.194% | $27.7M | $36.4M | 150x | |
| Aster XAGUSDT | +0.0116% | 4h | 66.090 | +0.179% | $2.7M | $871K | 100x | as long as short |
| Lighter XAG | +0.0144% | 1h | 66.075 | +0.157% | $5.2M | $10.6M | 25x | as long as short |
| Aevo XAG-PERP | +0.0152% | 1h | 66.076 | +0.158% | $47K | — | 10x | as long as short |
| Variational Omni XAG | +0.0157% | 4h | 66.083 | +0.169% | $5.6M | $9.5M | — | as long as short |
| BloFin XAG-USDT | +0.0165% | 4h | 66.090 | +0.179% | $2.6M | $570K | 100x | as long as short |
| MEXC SILVER_USDT | +0.0166% | 4h | 66.080 | +0.164% | $116.4M | $151.7M | 1000x | as long as short |
| Binance XAGUSDT | +0.0167% | 4h | 66.090 | +0.179% | $191.5M | $703.2M | 100x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0176% | 1h | 65.980 | +0.012% | $1.8M | $1.0M | 20x | as long as short |
| edgeX XAGUSDC | +0.0176% | 4h | 66.036 | +0.097% | $670K | $310K | 30x | as long as short |
| Nado XAG-PERP | +0.0196% | 1h | 66.040 | +0.102% | $1.4M | $5.7M | 10x | as long as short |
| Aftermath Perps XAGUSD | +0.0202% | 1h | 66.035 | +0.096% | $79K | $36K | 10x | as long as short |
| GRVT XAG_USDT_Perp | +0.0210% | 4h | 66.063 | +0.138% | $395K | $1.5M | 25x | as long as short |
| OKX XAG-USDT-SWAP | +0.0223% | 8h | 66.090 | +0.179% | $27.7M | $64.6M | 50x | as long as short |
| Bitget XAGUSDT | +0.0224% | 4h | 66.100 | +0.194% | $23.9M | $44.9M | 100x | as long as short |
| Bullet SILVER-USD | +0.0255% | 1h | 66.097 | +0.189% | $44K | $76K | 10x | as long as short |
| Hibachi XAG/USDT-P | +0.0328% | 1h | 66.049 | +0.117% | $20K | $19K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0356% | 1h | 66.060 | +0.133% | $75K | $363K | 20x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0388% / S −0.0440% | 1h | 66.095 | +0.186% | $105K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0466% | 1h | 66.060 | +0.133% | $908K | $688K | 25x | as long as short |
Hotstuff SILVER-PERP
StandX XAG-USD
Vest SI-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
QFEX SILVER-USD
Gate XAG_USDT
Paradex XAG-USD-PERP
Kalshi KXSILVERPERP
tradeXYZ xyz:SILVER
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Aster XAGUSDT
Lighter XAG
Aevo XAG-PERP
Variational Omni XAG
BloFin XAG-USDT
MEXC SILVER_USDT
Binance XAGUSDT
Coinbase International SILVER-PERP-INTX
edgeX XAGUSDC
Nado XAG-PERP
Aftermath Perps XAGUSD
GRVT XAG_USDT_Perp
OKX XAG-USDT-SWAP
Bitget XAGUSDT
Bullet SILVER-USD
Hibachi XAG/USDT-P
Deribit SILVER_USDC-PERPETUAL
GMX SILVER/USD [ETH-USDC]
Kraken Futures PF_XAGUSD