Funding you earn now, next payment 05:00 UTC−0.0003%/8h= −0.3% APRnext payment −$0.00 per $10,000 · paid last 24h −0.002%
Price spread now: Injective against Phoenix+0.678%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.128%−$13 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Injective is 0.678% dearer against Phoenix than usual: you sell high and buy low, +$68 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix SILVER | 65.953 | 0.0036 | pay 0.0005% / 1h | 34m 46s | $56K | $26K | 25x |
| Short | Injective XAG/USDC PERP | 66.400 | 0.0033 | get 0.0004% / 1h | 34m 46s | $11K | $94K | 52x |
Phoenix SILVER
Injective XAG/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$0.64
- Price spread: +0.678% → 0.000%
- $67.78
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $60.12
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Phoenix: no order-book sample; Injective: 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 Injective no order-book sample | — | — | — | — | — |
Phoenix and Injective: 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 | −0.0053% | 1h | 65.810 | −0.217% | $5.7M | $9.3M | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.751 | −0.306% | $14K | $66 | 5x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.890 | −0.096% | $2K | $2.6M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.000 | +0.071% | $1.1M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.920 | −0.050% | $1.5M | $259K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.826 | −0.193% | $120K | — | 250x | as long as short |
| RISEx XAG/USDC | +0.0030% | 1h | 65.932 | −0.032% | $1.3M | $4.9M | 20x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.804 | −0.226% | $4.8M | $9.3M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.784 | −0.256% | $5.2M | $11.5M | 10x | as long as short |
| Injective XAG/USDC PERPshort | +0.0033% | 1h | 66.400 | +0.678% | $11K | $94K | 52x |
Ondo Perps XAG-USD.P
dYdX XAG-USD
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
RISEx XAG/USDC
Lighter RH XAG
Extended XAG-USDShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate XAG_USDT | +0.0034% | 4h | 65.840 | −0.171% | $147.9M | $155.1M | 100x | as long as short |
| Phoenix SILVERlong | +0.0036% | 1h | 65.953 | long leg | $56K | $26K | 25x | |
| StandX XAG-USD | +0.0040% | 1h | 65.970 | +0.026% | $793K | $3.0M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.335 | +0.579% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.876 | −0.117% | $3.9M | $677K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.830 | −0.186% | $3K | $6K | 20x | as long as short |
| QFEX SILVER-USD | +0.0051% | 1h | 65.920 | −0.050% | $114K | $2.7M | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0055% | 8h | 65.804 | −0.225% | $29K | $1K | 5x | as long as short |
| tradeXYZ xyz:SILVER | +0.0060% | 1h | 65.784 | −0.256% | $165.8M | $73.8M | 25x | as long as short |
| Bybit XAGUSDT | +0.0065% | 4h | 65.850 | −0.156% | $27.6M | $36.6M | 150x | as long as short |
| Kalshi KXSILVERPERP | +0.0075% | 24h | 65.862 | −0.138% | $620K | $26.9M | 8.1x | as long as short |
| BloFin XAG-USDT | +0.0094% | 4h | 65.930 | −0.035% | $2.6M | $567K | 100x | as long as short |
| Aster XAGUSDT | +0.0096% | 4h | 65.825 | −0.194% | $2.7M | $884K | 100x | as long as short |
| Hotstuff SILVER-PERP | +0.0096% | 1h | 65.895 | −0.088% | $35K | $21K | 20x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.774 | −0.271% | $469K | $607K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.780 | −0.262% | $24.6M | $4.8M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.920 | −0.050% | $113K | $30K | 50x | as long as short |
| Lighter XAG | +0.0128% | 1h | 65.807 | −0.222% | $5.3M | $10.8M | 25x | as long as short |
| Variational Omni XAG | +0.0130% | 4h | 65.905 | −0.073% | $5.6M | $9.5M | — | as long as short |
| Aevo XAG-PERP | +0.0136% | 1h | 65.894 | −0.089% | $47K | — | 10x | as long as short |
| MEXC SILVER_USDT | +0.0142% | 4h | 65.830 | −0.186% | $117.2M | $152.1M | 1000x | as long as short |
| Binance XAGUSDT | +0.0144% | 4h | 65.829 | −0.188% | $189.9M | $705.3M | 100x | as long as short |
| Nado XAG-PERP | +0.0152% | 1h | 65.860 | −0.142% | $1.3M | $5.5M | 10x | as long as short |
| edgeX XAGUSDC | +0.0154% | 4h | 65.979 | +0.040% | $670K | $311K | 30x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0176% | 1h | 65.860 | −0.141% | $1.8M | $1.1M | 20x | as long as short |
| GRVT XAG_USDT_Perp | +0.0180% | 4h | 65.990 | +0.057% | $388K | $1.5M | 25x | as long as short |
| Aftermath Perps XAGUSD | +0.0201% | 1h | 65.970 | +0.025% | $79K | $36K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0206% | 1h | 65.870 | −0.126% | $72K | $360K | 20x | as long as short |
| Bitget XAGUSDT | +0.0208% | 4h | 65.820 | −0.202% | $23.9M | $45.1M | 100x | as long as short |
| OKX XAG-USDT-SWAP | +0.0216% | 8h | 65.840 | −0.171% | $27.7M | $64.6M | 50x | as long as short |
| Bullet SILVER-USD | +0.0216% | 1h | 65.914 | −0.059% | $43K | $76K | 10x | as long as short |
| Hibachi XAG/USDT-P | +0.0328% | 1h | 65.937 | −0.024% | $20K | $19K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0388% / S −0.0443% | 1h | 65.905 | −0.073% | $106K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0468% | 1h | 65.881 | −0.109% | $905K | $701K | 25x | as long as short |
Gate XAG_USDT
StandX XAG-USD
Vest SI-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
QFEX SILVER-USD
Paradex XAG-USD-PERP
tradeXYZ xyz:SILVER
Bybit XAGUSDT
Kalshi KXSILVERPERP
BloFin XAG-USDT
Aster XAGUSDT
Hotstuff SILVER-PERP
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Lighter XAG
Variational Omni XAG
Aevo XAG-PERP
MEXC SILVER_USDT
Binance XAGUSDT
Nado XAG-PERP
edgeX XAGUSDC
Coinbase International SILVER-PERP-INTX
GRVT XAG_USDT_Perp
Aftermath Perps XAGUSD
Deribit SILVER_USDC-PERPETUAL
Bitget XAGUSDT
OKX XAG-USDT-SWAP
Bullet SILVER-USD
Hibachi XAG/USDT-P
GMX SILVER/USD [ETH-USDC]
Kraken Futures PF_XAGUSD