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Funding arb · Price arb /

XAG

RWAall XAG markets
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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 02:00 UTC+0.0106%/8h= +11.6% APRpaid last 24h +0.018%
Price spread now: MEXC against Phoenix−0.011%62s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on PhoenixShort on MEXC
What this pair did over the last
the charts below follow
Funding, last 7 days−0.073%−$7 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: +$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.073%, so the current rate has only just turned in your favour. The two prices were read 62 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix SILVER66.0970.0084pay 0.0011% / 1h4m 25s$56K$26K25x
ShortMEXC SILVER_USDT66.0900.0190get 0.0095% / 4h1h 04m$106.8M$154.1M1000x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC 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

Funding earned
$22.16
Price spread: −0.011% → 0.000%
−$1.06
Slippage, 4 orders
no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee MEXC: 0 bp × 2 orders
$0
Net
$14.1
Costs to cover
0.070%
Break-even
2.5 days
Slippage unknown: Phoenix: no order-book sample; MEXC: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phoenix no order-book sample—————
Sell MEXC live order book, 5 min ago0.75 bp0.8 bp −$10.8 bp −$80.8 bp −$753.4 bp −$1,695
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX XAG-USD0.0000%1h66.087−0.015%$15K—5xas long as short
Gate XAG_USDT0.0000%4h66.130+0.050%$149.5M$165.2M100xas long as short
SunX XAG-USDT0.0000%4h66.160+0.095%$2K$2.7M20xas long as short
HTX XAG-USDT0.0000%4h66.200+0.156%$1.0M$1.1M75xas long as short
Phemex XAGUSDT0.0000%4h66.160+0.095%$1.5M$255K100xas long as short
gTrade (Gains Network) XAG/USDL +0.0004% / S −0.0006%1h66.110+0.020%$121K—250xas long as short
Lighter RH XAG+0.0032%1h66.106+0.014%$4.8M$9.5M25xas long as short
Extended XAG-USD+0.0032%1h66.050−0.070%$5.2M$12.0M10xas long as short
Injective XAG/USDC PERP+0.0033%1h66.400+0.458%$11K$94K52xas long as short
StandX XAG-USD+0.0040%1h66.170+0.110%$796K$3.0M40xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps XAG-USD.P+0.0044%1h66.010−0.132%$5.7M$9.7M25xas long as short
Vest SI-PERP+0.0046%1h66.546+0.679%——25xas long as short
Polymarket Perps SILVER-USD+0.0050%1h66.065−0.048%$3.9M$672K20xas long as short
SoDEX SILVER-USD+0.0050%1h66.087−0.015%$3K$6K20xas long as short
QFEX SILVER-USD+0.0062%1h66.110+0.020%$114K$2.7M20xas long as short
Kalshi KXSILVERPERP+0.0066%24h66.121+0.036%$544K$24.8M8.1xas long as short
Phoenix SILVERlong+0.0084%1h66.097long leg$56K$26K25x
Hotstuff SILVER-PERP+0.0088%1h66.086−0.017%$35K$21K20xas long as short
tradeXYZ xyz:SILVER+0.0093%1h66.066−0.047%$165.3M$73.8M25xas long as short
Pacifica XAG+0.0100%1h66.062−0.053%$470K$612K10xas long as short
KuCoin XAGUSDTM+0.0100%4h66.070−0.041%$24.4M$4.5M75xas long as short
ApeX Omni XAGUSDT+0.0100%1h66.150+0.080%$113K$30K50xas long as short
Aster XAGUSDT+0.0123%4h66.116+0.029%$2.7M$878K100xas long as short
Paradex XAG-USD-PERP+0.0126%8h66.109+0.018%$30K$1K5xas long as short
Bybit XAGUSDT+0.0133%4h66.120+0.035%$26.9M$36.1M150xas long as short
Aevo XAG-PERP+0.0176%1h66.155+0.088%$47K—10xas long as short
Variational Omni XAG+0.0178%4h66.142+0.068%$5.6M$9.8M—as long as short
RISEx XAG/USDC+0.0181%1h66.111+0.021%$1.3M$4.4M20xas long as short
Lighter XAG+0.0184%1h66.106+0.014%$5.2M$10.6M25xas long as short
Binance XAGUSDT+0.0189%4h66.100+0.004%$191.6M$705.6M100xas long as short
MEXC SILVER_USDTshort+0.0190%4h66.090−0.011%$106.8M$154.1M1000x
Coinbase International SILVER-PERP-INTX+0.0192%1h66.180+0.126%$1.8M$1.0M20xas long as short
edgeX XAGUSDC+0.0197%4h66.162+0.098%$671K$314K30xas long as short
Deribit SILVER_USDC-PERPETUAL+0.0204%1h66.140+0.065%$63K$336K20xas long as short
BloFin XAG-USDT+0.0207%4h66.170+0.110%$2.6M$551K100xas long as short
OKX XAG-USDT-SWAP+0.0215%8h66.100+0.005%$27.7M$65.8M50xas long as short
Nado XAG-PERP+0.0224%1h66.056−0.062%$1.3M$6.5M10xas long as short
Aftermath Perps XAGUSD+0.0230%1h66.127+0.045%$80K$37K10xas long as short
Bitget XAGUSDT+0.0238%4h66.100+0.005%$23.7M$45.7M100xas long as short
GRVT XAG_USDT_Perp+0.0256%4h66.200+0.156%$397K$1.5M25xas long as short
Bullet SILVER-USD+0.0271%1h66.112+0.023%$45K$76K10xas long as short
Hibachi XAG/USDT-P+0.0296%1h66.120+0.035%$20K$19K10xas long as short
GMX SILVER/USD [ETH-USDC]L +0.0360% / S −0.0387%1h66.175+0.118%$103K—111xas long as short
Kraken Futures PF_XAGUSD+0.0551%1h66.130+0.050%$912K$674K25xas long as short