XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0041%/8h= −4.5% APRnext payment −$0.05 per $10,000 · paid last 24h +0.029%

Price spread now: Lighter against Phoenix+0.060%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 Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.068%+$7 on $10k

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

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Lighter is 0.060% dearer against Phoenix than usual: you sell high and buy low (spread +0.060% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.9 days. Mind the row above: over the last 7 days funding on this pair paid +0.068%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix SILVER	66.019	0.0073	pay 0.0009% / 1h	1m 07s	$56K	$26K	25x
Short	Lighter XAG	66.059	0.0032	get 0.0004% / 1h	1m 07s	$5.1M	$11.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.060%Rate

Funding earned: −$8.54
Price spread: +0.060% → 0.000%: $6.01
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: −$9.53
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; Lighter: live order book, 7 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 Lighter live order book, 7 min ago	0.68 bp	1.1 bp −$1	1.3 bp −$13	7.4 bp −$740	32.2 bp −$16.1K

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 42 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
Hotstuff SILVER-PERP	−0.0040%	1h	66.019	0.000%	$35K	$21K	20x	as long as short
Nado XAG-PERP	−0.0002%	1h	66.075	+0.084%	$1.3M	$6.5M	10x	as long as short
dYdX XAG-USD	0.0000%	1h	66.057	+0.058%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.100	+0.123%	$25.6M	$35.7M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.090	+0.108%	$146.9M	$185.9M	100x	as long as short
GRVT XAG_USDT_Perp	0.0000%	4h	66.047	+0.042%	$392K	$1.6M	25x	as long as short
Bullet SILVER-USD	0.0000%	1h	66.095	+0.116%	$44K	$74K	10x	as long as short
SunX XAG-USDT	0.0000%	4h	66.100	+0.123%	$2K	$3.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.110	+0.138%	$1.0M	$1.2M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.110	+0.138%	$1.5M	$248K	100x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps XAGUSD	+0.0010%	1h	66.034	+0.023%	$79K	$40K	10x	as long as short
Aster XAGUSDT	+0.0011%	4h	66.051	+0.048%	$2.8M	$1.1M	100x	as long as short
Bitget XAGUSDT	+0.0014%	4h	66.090	+0.108%	$23.6M	$51.8M	100x	as long as short
Lighter XAGshort	+0.0032%	1h	66.059	+0.060%	$5.1M	$11.5M	25x
Lighter RH XAG	+0.0032%	1h	66.059	+0.061%	$4.4M	$10.0M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.029	+0.015%	$5.3M	$14.8M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.577%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.030	+0.017%	$790K	$2.8M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.583	+0.854%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.028	+0.014%	$163.7M	$95.7M	25x	as long as short
MEXC SILVER_USDT	+0.0050%	4h	66.080	+0.092%	$122.1M	$192.8M	1000x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.031	+0.018%	$3.9M	$742K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.015	−0.006%	$4K	$5K	20x	as long as short
Binance XAGUSDT	+0.0050%	4h	66.104	+0.129%	$190.2M	$783.5M	100x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.030	+0.017%	$5.4M	$9.7M	25x	as long as short
edgeX XAGUSDC	+0.0052%	4h	66.085	+0.099%	$670K	$315K	30x	as long as short
Kalshi KXSILVERPERP	+0.0055%	24h	66.050	+0.047%	$637K	$21.7M	8.1x	as long as short
Variational Omni XAG	+0.0057%	4h	66.002	−0.026%	$5.3M	$11.3M	—	as long as short
BloFin XAG-USDT	+0.0058%	4h	66.050	+0.047%	$2.6M	$1.2M	100x	as long as short
Aevo XAG-PERP	+0.0064%	1h	66.068	+0.074%	$47K	—	10x	as long as short
Phoenix SILVERlong	+0.0073%	1h	66.019	long leg	$56K	$26K	25x
QFEX SILVER-USD	+0.0080%	1h	66.060	+0.062%	$143K	$2.8M	20x	as long as short
Paradex XAG-USD-PERP	+0.0096%	8h	66.071	+0.078%	$30K	$1K	5x	as long as short
Pacifica XAG	+0.0100%	1h	66.043	+0.036%	$472K	$645K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.050	+0.047%	$24.2M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.030	+0.017%	$112K	$85K	50x	as long as short
OKX XAG-USDT-SWAP	+0.0141%	8h	66.110	+0.138%	$27.4M	$69.9M	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.060	+0.062%	$1.9M	$1.2M	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0359% / S −0.0369%	1h	66.105	+0.130%	$103K	—	29x	as long as short
RISEx XAG/USDC	+0.0432%	1h	66.093	+0.113%	$1.3M	$4.3M	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0507%	1h	66.100	+0.123%	$76K	$347K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0614%	1h	66.080	+0.093%	$776K	$610K	25x	as long as short