Funding you earn now, next payment 06:00 UTC−0.0055%/8h= −6.0% APRnext payment −$0.07 per $10,000 · paid last 24h −0.009%
Price spread now: gTrade (Gains Network) against Phoenix−0.369%63s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and gTrade (Gains Network) is 0.369% cheaper against Phoenix than usual: you would sell low and buy high (−$37 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 63 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 | 65.561 | 0.0061 | pay 0.0008% / 1h | 47m 39s | $56K | $31K | 25x |
| Short | gTrade (Gains Network) XAG/USD | 65.319 | L +0.0004% / S −0.0006% | get 0.0001% / 1h | 47m 39s | $118K | — | 250x |
Phoenix SILVER
gTrade (Gains Network) XAG/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) 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
- −$11.59
- Price spread: −0.369% → 0.000%
- −$36.94
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$65.53
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; gTrade (Gains Network): virtual book (oracle venue), 26 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 gTrade (Gains Network) virtual book (oracle venue), 26 min ago | 130.01 bp | 135.0 bp −$135 | 135.0 bp −$1,350 | 416.8 bp −$41.7K | 2012.7 bp −$1.01M |
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 | −0.0120% | 1h | 65.399 | −0.248% | $20K | $19K | 10x | as long as short |
| Ondo Perps XAG-USD.P | −0.0084% | 1h | 65.250 | −0.474% | $5.6M | $9.7M | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.338 | −0.340% | $12K | $5K | 5x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.400 | −0.246% | $2K | $2.6M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.470 | −0.139% | $1.1M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.410 | −0.230% | $1.5M | $281K | 100x | as long as short |
| gTrade (Gains Network) XAG/USDshort | L +0.0004% / S −0.0006% | 1h | 65.319 | −0.369% | $118K | — | 250x | |
| Gate XAG_USDT | +0.0026% | 4h | 65.380 | −0.276% | $141.3M | $179.9M | 100x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.355 | −0.314% | $4.6M | $9.6M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.317 | −0.372% | $5.1M | $11.6M | 10x | as long as short |
Hibachi XAG/USDT-P
Ondo Perps XAG-USD.P
dYdX XAG-USD
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
Gate XAG_USDT
Lighter RH XAG
Extended XAG-USDShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff SILVER-PERP | +0.0032% | 1h | 65.368 | −0.294% | $35K | $21K | 20x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +1.280% | $11K | $94K | 52x | as long as short |
| Bybit XAGUSDT | +0.0034% | 4h | 65.370 | −0.291% | $28.5M | $39.6M | 150x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 65.460 | −0.154% | $787K | $3.0M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 65.832 | +0.413% | — | — | 25x | as long as short |
| Aster XAGUSDT | +0.0048% | 4h | 65.379 | −0.277% | $2.7M | $966K | 100x | as long as short |
| QFEX SILVER-USD | +0.0050% | 1h | 65.360 | −0.307% | $152K | $2.8M | 20x | as long as short |
| tradeXYZ xyz:SILVER | +0.0050% | 1h | 65.336 | −0.343% | $170.4M | $83.4M | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.341 | −0.336% | $3.8M | $716K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.341 | −0.336% | $3K | $6K | 20x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0056% | 1h | 65.370 | −0.291% | $65K | $371K | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0058% | 8h | 65.348 | −0.325% | $29K | $1K | 5x | as long as short |
| RISEx XAG/USDC | +0.0061% | 1h | 65.381 | −0.275% | $1.2M | $4.9M | 20x | as long as short |
| Phoenix SILVERlong | +0.0061% | 1h | 65.561 | long leg | $56K | $31K | 25x | |
| Lighter XAG | +0.0072% | 1h | 65.368 | −0.294% | $5.4M | $11.3M | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0077% | 24h | 65.382 | −0.273% | $510K | $30.0M | 8.1x | as long as short |
| Binance XAGUSDT | +0.0083% | 4h | 65.379 | −0.277% | $189.3M | $762.3M | 100x | as long as short |
| Variational Omni XAG | +0.0084% | 4h | 65.404 | −0.239% | $5.5M | $9.4M | — | as long as short |
| MEXC SILVER_USDT | +0.0086% | 4h | 65.370 | −0.291% | $113.7M | $156.8M | 1000x | as long as short |
| Aevo XAG-PERP | +0.0096% | 1h | 65.365 | −0.300% | $47K | — | 10x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.319 | −0.370% | $466K | $627K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.340 | −0.337% | $24.6M | $4.8M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.430 | −0.200% | $112K | $19K | 50x | as long as short |
| edgeX XAGUSDC | +0.0101% | 4h | 65.447 | −0.175% | $666K | $313K | 30x | as long as short |
| Nado XAG-PERP | +0.0102% | 1h | 65.375 | −0.283% | $1.2M | $5.5M | 10x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0120% | 1h | 65.380 | −0.276% | $1.6M | $1.4M | 20x | as long as short |
| GRVT XAG_USDT_Perp | +0.0132% | 4h | 65.425 | −0.207% | $384K | $1.5M | 25x | as long as short |
| Bullet SILVER-USD | +0.0134% | 1h | 65.378 | −0.279% | $44K | $76K | 10x | as long as short |
| Bitget XAGUSDT | +0.0186% | 4h | 65.370 | −0.291% | $23.8M | $46.7M | 100x | as long as short |
| OKX XAG-USDT-SWAP | +0.0192% | 8h | 65.380 | −0.276% | $27.8M | $71.1M | 50x | as long as short |
| Aftermath Perps XAGUSD | +0.0210% | 1h | 65.452 | −0.166% | $79K | $37K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0320% / S −0.0301% | 1h | 65.365 | −0.299% | $93K | — | 111x | as long as short |
| BloFin XAG-USDT | +0.0329% | 4h | 65.470 | −0.139% | $2.6M | $617K | 100x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0493% | 1h | 65.357 | −0.312% | $916K | $746K | 25x | as long as short |
Hotstuff SILVER-PERP
Injective XAG/USDC PERP
Bybit XAGUSDT
StandX XAG-USD
Vest SI-PERP
Aster XAGUSDT
QFEX SILVER-USD
tradeXYZ xyz:SILVER
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Deribit SILVER_USDC-PERPETUAL
Paradex XAG-USD-PERP
RISEx XAG/USDC
Lighter XAG
Kalshi KXSILVERPERP
Binance XAGUSDT
Variational Omni XAG
MEXC SILVER_USDT
Aevo XAG-PERP
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
edgeX XAGUSDC
Nado XAG-PERP
Coinbase International SILVER-PERP-INTX
GRVT XAG_USDT_Perp
Bullet SILVER-USD
Bitget XAGUSDT
OKX XAG-USDT-SWAP
Aftermath Perps XAGUSD
GMX SILVER/USD [ETH-USDC]
BloFin XAG-USDT
Kraken Futures PF_XAGUSD