XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0076%/8h= −8.4% APRnext payment −$0.10 per $10,000 · paid last 24h +0.058%

Price spread now: Hibachi against Phoenix+0.078%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHibachi: Active · farm boardneeds both histories

The price spread pays, funding is against you. Hibachi is 0.078% dearer against Phoenix than usual: you sell high and buy low (spread +0.078% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix SILVER	65.609	0.0036	pay 0.0005% / 1h	5m 28s	$56K	$26K	25x
Short	Hibachi XAG/USDT-P	65.660	−0.0040	pay 0.0005% / 1h	5m 28s	$20K	$19K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against Phoenix. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee HibachibpOrdersPrice spread, now +0.078%Rate

Funding earned: −$16.04
Price spread: +0.078% → 0.000%: $7.77
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$24.26
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; Hibachi: no order-book sample. 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 Hibachi no order-book sample	—	—	—	—	—

Phoenix and Hibachi: 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-Pshort	−0.0040%	1h	65.660	+0.078%	$20K	$19K	10x
Ondo Perps XAG-USD.P	−0.0004%	1h	65.530	−0.120%	$5.7M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.636	+0.041%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.680	+0.108%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.700	+0.139%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.680	+0.108%	$1.5M	$280K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.587	−0.034%	$119K	—	250x	as long as short
RISEx XAG/USDC	+0.0030%	1h	65.657	+0.073%	$1.2M	$4.9M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	65.652	+0.065%	$4.7M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.602	−0.011%	$5.2M	$11.7M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.206%	$11K	$94K	52x	as long as short
Phoenix SILVERlong	+0.0036%	1h	65.609	long leg	$56K	$26K	25x
Gate XAG_USDT	+0.0040%	4h	65.670	+0.093%	$144.4M	$181.2M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.690	+0.123%	$790K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.079	+0.716%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.602	−0.011%	$3.9M	$711K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.621	+0.018%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.630	+0.032%	$152K	$2.8M	20x	as long as short
Hotstuff SILVER-PERP	+0.0056%	1h	65.633	+0.037%	$35K	$21K	20x	as long as short
Paradex XAG-USD-PERP	+0.0062%	8h	65.636	+0.041%	$29K	$1K	5x	as long as short
tradeXYZ xyz:SILVER	+0.0076%	1h	65.612	+0.005%	$171.0M	$82.3M	25x	as long as short
Kalshi KXSILVERPERP	+0.0076%	24h	65.698	+0.136%	$462K	$29.3M	8.1x	as long as short
Aster XAGUSDT	+0.0079%	4h	65.660	+0.078%	$2.7M	$944K	100x	as long as short
Pacifica XAG	+0.0100%	1h	65.609	0.000%	$468K	$629K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.620	+0.017%	$24.7M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.680	+0.108%	$112K	$23K	50x	as long as short
Bybit XAGUSDT	+0.0106%	4h	65.670	+0.093%	$28.9M	$39.2M	150x	as long as short
Variational Omni XAG	+0.0120%	4h	65.674	+0.098%	$5.5M	$9.5M	—	as long as short
Lighter XAG	+0.0128%	1h	65.657	+0.074%	$5.4M	$11.4M	25x	as long as short
Aevo XAG-PERP	+0.0128%	1h	65.677	+0.104%	$47K	—	10x	as long as short
Binance XAGUSDT	+0.0129%	4h	65.650	+0.062%	$188.8M	$745.9M	100x	as long as short
MEXC SILVER_USDT	+0.0130%	4h	65.630	+0.032%	$112.6M	$162.3M	1000x	as long as short
edgeX XAGUSDC	+0.0148%	4h	65.729	+0.183%	$669K	$313K	30x	as long as short
Nado XAG-PERP	+0.0149%	1h	65.623	+0.022%	$1.3M	$5.6M	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.690	+0.123%	$1.6M	$1.3M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0194%	4h	65.738	+0.196%	$389K	$1.5M	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0207%	1h	65.670	+0.093%	$66K	$368K	20x	as long as short
Aftermath Perps XAGUSD	+0.0207%	1h	65.617	+0.012%	$79K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0210%	4h	65.650	+0.062%	$23.9M	$46.3M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0212%	8h	65.640	+0.047%	$27.9M	$70.1M	50x	as long as short
Bullet SILVER-USD	+0.0236%	1h	65.651	+0.064%	$44K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0320% / S −0.0301%	1h	65.635	+0.040%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0373%	4h	65.730	+0.184%	$2.6M	$622K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0469%	1h	65.665	+0.085%	$916K	$735K	25x	as long as short