Funding you earn now, next payment 23:00 UTC+0.0221%/8h= +24.2% APRnext payment +$0.28 per $10,000 · paid last 24h +0.039%
Price spread now: Nado against Phoenix+0.005%57s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$7 a day on $10k at the current rate. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix SILVER | 66.485 | 0.0036 | pay 0.0005% / 1h | 20m 18s | $56K | $26K | 25x |
| Short | Nado XAG-PERP | 66.489 | 0.0257 | get 0.0032% / 1h | 20m 18s | $1.3M | $6.6M | 10x |
Phoenix SILVER
Nado XAG-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- $46.34
- Price spread: +0.005% → 0.000%
- $0.55
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- $32.88
- Costs to cover
- 0.140%
- Break-even
- 2.0 days
Slippage unknown: Phoenix: no order-book sample; Nado: 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 Nado live order book, 4 min ago | 0.08 bp | 5.3 bp −$5 | 9.9 bp −$99 | 35.7 bp −$3,573 | 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 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX XAG-USD | 0.0000% | 1h | 66.484 | −0.002% | $15K | — | 5x | as long as short |
| Bybit XAGUSDT | 0.0000% | 4h | 66.540 | +0.083% | $26.2M | $34.5M | 150x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.530 | +0.068% | $154.5M | $173.7M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.530 | +0.068% | $2K | $3.0M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.560 | +0.113% | $1.0M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.530 | +0.068% | $1.5M | $250K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.468 | −0.025% | $120K | — | 250x | as long as short |
| Hotstuff SILVER-PERP | +0.0008% | 1h | 66.491 | +0.009% | $35K | $21K | 20x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.505 | +0.030% | $4.8M | $9.6M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.465 | −0.031% | $5.5M | $12.2M | 10x | as long as short |
dYdX XAG-USD
Bybit XAGUSDT
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Hotstuff SILVER-PERP
Lighter RH XAG
Extended XAG-USDShow 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 | −0.128% | $11K | $94K | 52x | as long as short |
| Phoenix SILVERlong | +0.0036% | 1h | 66.485 | long leg | $56K | $26K | 25x | |
| StandX XAG-USD | +0.0040% | 1h | 66.480 | −0.008% | $796K | $2.7M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.966 | +0.723% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.490 | +0.008% | $3.9M | $699K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.461 | −0.036% | $4K | $5K | 20x | as long as short |
| Ondo Perps XAG-USD.P | +0.0050% | 1h | 66.440 | −0.068% | $5.7M | $10.0M | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0060% | 24h | 66.488 | +0.005% | $581K | $21.4M | 8.1x | as long as short |
| QFEX SILVER-USD | +0.0061% | 1h | 66.510 | +0.038% | $124K | $2.8M | 20x | as long as short |
| tradeXYZ xyz:SILVER | +0.0072% | 1h | 66.487 | +0.003% | $165.7M | $86.8M | 25x | as long as short |
| BloFin XAG-USDT | +0.0080% | 4h | 66.510 | +0.038% | $2.6M | $651K | 100x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.479 | −0.010% | $480K | $618K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.490 | +0.008% | $24.6M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.450 | −0.053% | $126K | $26K | 50x | as long as short |
| Variational Omni XAG | +0.0106% | 4h | 66.526 | +0.062% | $5.6M | $10.1M | — | as long as short |
| Paradex XAG-USD-PERP | +0.0108% | 8h | 66.526 | +0.061% | $30K | $1K | 5x | as long as short |
| Aster XAGUSDT | +0.0113% | 4h | 66.529 | +0.066% | $2.8M | $1.1M | 100x | as long as short |
| Lighter XAG | +0.0120% | 1h | 66.509 | +0.036% | $5.2M | $10.4M | 25x | as long as short |
| Aevo XAG-PERP | +0.0120% | 1h | 66.525 | +0.060% | $48K | — | 10x | as long as short |
| edgeX XAGUSDC | +0.0122% | 4h | 66.478 | −0.011% | $674K | $314K | 30x | as long as short |
| MEXC SILVER_USDT | +0.0122% | 4h | 66.510 | +0.038% | $115.0M | $153.2M | 1000x | as long as short |
| Binance XAGUSDT | +0.0123% | 4h | 66.525 | +0.059% | $192.5M | $723.1M | 100x | as long as short |
| Bitget XAGUSDT | +0.0148% | 4h | 66.540 | +0.083% | $24.4M | $48.2M | 100x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0160% | 1h | 66.410 | −0.113% | $1.9M | $848K | 20x | as long as short |
| Aftermath Perps XAGUSD | +0.0167% | 1h | 66.453 | −0.048% | $80K | $40K | 10x | as long as short |
| GRVT XAG_USDT_Perp | +0.0178% | 4h | 66.490 | +0.007% | $390K | $1.5M | 25x | as long as short |
| OKX XAG-USDT-SWAP | +0.0196% | 8h | 66.540 | +0.083% | $27.9M | $66.6M | 50x | as long as short |
| RISEx XAG/USDC | +0.0208% | 1h | 66.530 | +0.068% | $1.3M | $4.2M | 20x | as long as short |
| Bullet SILVER-USD | +0.0255% | 1h | 66.528 | +0.065% | $45K | $76K | 10x | as long as short |
| Nado XAG-PERPshort | +0.0257% | 1h | 66.489 | +0.005% | $1.3M | $6.6M | 10x | |
| GMX SILVER/USD [ETH-USDC] | L +0.0291% / S −0.0281% | 1h | 66.535 | +0.075% | $103K | — | 111x | as long as short |
| Hibachi XAG/USDT-P | +0.0296% | 1h | 66.484 | −0.002% | $20K | $22K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0502% | 1h | 66.530 | +0.068% | $50K | $351K | 20x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0595% | 1h | 66.494 | +0.014% | $762K | $586K | 25x | as long as short |
Injective XAG/USDC PERP
StandX XAG-USD
Vest SI-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Ondo Perps XAG-USD.P
Kalshi KXSILVERPERP
QFEX SILVER-USD
tradeXYZ xyz:SILVER
BloFin XAG-USDT
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Variational Omni XAG
Paradex XAG-USD-PERP
Aster XAGUSDT
Lighter XAG
Aevo XAG-PERP
edgeX XAGUSDC
MEXC SILVER_USDT
Binance XAGUSDT
Bitget XAGUSDT
Coinbase International SILVER-PERP-INTX
Aftermath Perps XAGUSD
GRVT XAG_USDT_Perp
OKX XAG-USDT-SWAP
RISEx XAG/USDC
Bullet SILVER-USD
GMX SILVER/USD [ETH-USDC]
Hibachi XAG/USDT-P
Deribit SILVER_USDC-PERPETUAL
Kraken Futures PF_XAGUSD