Funding you earn now, next payment 21:00 UTC+0.0027%/8h= +3.0% APRpaid last 24h +0.013%
Price spread now: KuCoin against Phoenix+0.018%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−0.009%−$1 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix SILVER | 66.148 | 0.0073 | pay 0.0009% / 1h | 45m 13s | $56K | $26K | 25x |
| Short | KuCoin XAGUSDTM | 66.160 | 0.0100 | get 0.0050% / 4h | 1h 45m | $24.3M | $4.5M | 75x |
Phoenix SILVER
KuCoin XAGUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $5.74
- Price spread: +0.018% → 0.000%
- $1.81
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$11.45
- Costs to cover
- 0.190%
- Break-even
- 21.0 days
Slippage unknown: Phoenix: no order-book sample; KuCoin: live order book, 4 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 KuCoin live order book, 4 min ago | 0.76 bp | 8.3 bp −$8 | 15.1 bp −$151 | doesn't fit | doesn't fit |
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 43 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XAGUSD | −0.0272% | 1h | 66.177 | +0.044% | $777K | $585K | 25x | as long as short |
| Hotstuff SILVER-PERP | −0.0048% | 1h | 66.161 | +0.020% | $35K | $21K | 20x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 66.121 | −0.040% | $15K | — | 5x | as long as short |
| Bybit XAGUSDT | 0.0000% | 4h | 66.210 | +0.094% | $25.5M | $34.1M | 150x | as long as short |
| RISEx XAG/USDC | 0.0000% | 1h | 66.210 | +0.094% | $1.3M | $4.2M | 20x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.190 | +0.063% | $146.4M | $171.7M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.200 | +0.079% | $2K | $3.2M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.230 | +0.124% | $1.0M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.210 | +0.094% | $1.5M | $247K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.131 | −0.026% | $120K | — | 10x | as long as short |
Kraken Futures PF_XAGUSD
Hotstuff SILVER-PERP
dYdX XAG-USD
Bybit XAGUSDT
RISEx XAG/USDC
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USDShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget XAGUSDT | +0.0006% | 4h | 66.210 | +0.094% | $23.7M | $48.5M | 100x | as long as short |
| Aster XAGUSDT | +0.0006% | 4h | 66.204 | +0.085% | $2.8M | $1.1M | 100x | as long as short |
| QFEX SILVER-USD | +0.0016% | 1h | 66.190 | +0.063% | $144K | $2.8M | 20x | as long as short |
| GRVT XAG_USDT_Perp | +0.0018% | 4h | 66.198 | +0.075% | $395K | $1.6M | 25x | as long as short |
| Variational Omni XAG | +0.0029% | 4h | 66.199 | +0.077% | $5.4M | $10.7M | — | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.166 | +0.028% | $4.5M | $9.5M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.134 | −0.022% | $5.5M | $14.8M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.381% | $11K | $94K | 52x | as long as short |
| MEXC SILVER_USDT | +0.0040% | 4h | 66.200 | +0.079% | $116.8M | $181.1M | 1000x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 66.150 | +0.003% | $792K | $2.8M | 40x | as long as short |
| Binance XAGUSDT | +0.0043% | 4h | 66.208 | +0.090% | $189.2M | $759.2M | 100x | as long as short |
| edgeX XAGUSDC | +0.0045% | 4h | 66.203 | +0.083% | $672K | $316K | 30x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.635 | +0.736% | — | — | 25x | as long as short |
| Lighter XAG | +0.0048% | 1h | 66.174 | +0.040% | $5.2M | $10.7M | 25x | as long as short |
| BloFin XAG-USDT | +0.0049% | 4h | 66.180 | +0.048% | $2.5M | $1.0M | 100x | as long as short |
| tradeXYZ xyz:SILVER | +0.0050% | 1h | 66.155 | +0.011% | $163.9M | $91.8M | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.174 | +0.039% | $3.9M | $715K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.130 | −0.027% | $4K | $5K | 20x | as long as short |
| Ondo Perps XAG-USD.P | +0.0050% | 1h | 66.120 | −0.042% | $5.6M | $9.9M | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0054% | 24h | 66.157 | +0.014% | $589K | $21.6M | 8.1x | as long as short |
| Aevo XAG-PERP | +0.0056% | 1h | 66.199 | +0.077% | $48K | — | 10x | as long as short |
| Phoenix SILVERlong | +0.0073% | 1h | 66.148 | long leg | $56K | $26K | 25x | |
| Aftermath Perps XAGUSD | +0.0078% | 1h | 66.163 | +0.022% | $80K | $40K | 10x | as long as short |
| Paradex XAG-USD-PERP | +0.0092% | 8h | 66.192 | +0.067% | $30K | $1K | 5x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.153 | +0.008% | $474K | $641K | 10x | as long as short |
| KuCoin XAGUSDTMshort | +0.0100% | 4h | 66.160 | +0.018% | $24.3M | $4.5M | 75x | |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.140 | −0.012% | $113K | $51K | 50x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0104% | 1h | 66.180 | +0.048% | $1.9M | $888K | 20x | as long as short |
| OKX XAG-USDT-SWAP | +0.0142% | 8h | 66.210 | +0.094% | $27.2M | $67.4M | 50x | as long as short |
| Nado XAG-PERP | +0.0161% | 1h | 66.145 | −0.004% | $1.3M | $6.5M | 10x | as long as short |
| Bullet SILVER-USD | +0.0194% | 1h | 66.210 | +0.094% | $44K | $74K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0359% / S −0.0369% | 1h | 66.205 | +0.086% | $103K | — | 29x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0960% | 1h | 66.220 | +0.109% | $60K | $354K | 20x | as long as short |
Bitget XAGUSDT
Aster XAGUSDT
QFEX SILVER-USD
GRVT XAG_USDT_Perp
Variational Omni XAG
Lighter RH XAG
Extended XAG-USD
Injective XAG/USDC PERP
MEXC SILVER_USDT
StandX XAG-USD
Binance XAGUSDT
edgeX XAGUSDC
Vest SI-PERP
Lighter XAG
BloFin XAG-USDT
tradeXYZ xyz:SILVER
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Ondo Perps XAG-USD.P
Kalshi KXSILVERPERP
Aevo XAG-PERP
Aftermath Perps XAGUSD
Paradex XAG-USD-PERP
Pacifica XAG
ApeX Omni XAGUSDT
Coinbase International SILVER-PERP-INTX
OKX XAG-USDT-SWAP
Nado XAG-PERP
Bullet SILVER-USD
GMX SILVER/USD [ETH-USDC]
Deribit SILVER_USDC-PERPETUAL