XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0022%/8h= −2.4% APRnext payment −$0.03 per $10,000 · paid last 24h −0.025%

Price spread now: Ondo Perps against Phoenix+0.032%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 Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.157%−$16 on $10k

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

Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

The price spread pays, funding is against you. Ondo Perps is 0.032% dearer against Phoenix than usual: you sell high and buy low (spread +0.032% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.8 days. At the pace of the last 7 days (−0.157% in total) that is about 34 hours.

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	59m 02s	$56K	$26K	25x
Short	Ondo Perps XAG-USD.P	66.040	0.0050	get 0.0006% / 1h	59m 02s	$5.4M	$9.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now +0.032%Rate

Funding earned: −$4.68
Price spread: +0.032% → 0.000%: $3.18
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$13.5
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; Ondo Perps: 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 Ondo Perps no order-book sample	—	—	—	—	—

Phoenix and Ondo Perps: 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
Kraken Futures PF_XAGUSD	−0.0272%	1h	66.067	+0.073%	$776K	$609K	25x	as long as short
Hotstuff SILVER-PERP	−0.0120%	1h	66.037	+0.027%	$35K	$21K	20x	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	66.120	+0.153%	$25.5M	$35.1M	150x	as long as short
RISEx XAG/USDC	0.0000%	1h	66.117	+0.148%	$1.3M	$4.3M	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.100	+0.123%	$146.6M	$170.3M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.120	+0.153%	$2K	$3.3M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.150	+0.198%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.120	+0.153%	$1.5M	$248K	100x	as long as short
Aftermath Perps XAGUSD	+0.0010%	1h	66.048	+0.044%	$80K	$40K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XAGUSDT	+0.0012%	4h	66.140	+0.183%	$23.6M	$49.8M	100x	as long as short
Aster XAGUSDT	+0.0014%	4h	66.160	+0.214%	$2.8M	$1.1M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0016%	4h	66.084	+0.099%	$392K	$1.6M	25x	as long as short
Lighter XAG	+0.0032%	1h	66.087	+0.103%	$5.1M	$10.5M	25x	as long as short
Lighter RH XAG	+0.0032%	1h	66.088	+0.104%	$4.4M	$9.3M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.090	+0.107%	$5.4M	$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
Variational Omni XAG	+0.0045%	4h	66.103	+0.127%	$5.3M	$11.1M	—	as long as short
Vest SI-PERP	+0.0046%	1h	66.588	+0.862%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.085	+0.100%	$164.1M	$96.1M	25x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.078	+0.089%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.Pshort	+0.0050%	1h	66.040	+0.032%	$5.4M	$9.7M	25x
MEXC SILVER_USDT	+0.0052%	4h	66.100	+0.123%	$121.8M	$179.7M	1000x	as long as short
Kalshi KXSILVERPERP	+0.0055%	24h	66.097	+0.118%	$660K	$21.3M	8.1x	as long as short
Binance XAGUSDT	+0.0056%	4h	66.130	+0.168%	$190.2M	$782.2M	100x	as long as short
edgeX XAGUSDC	+0.0057%	4h	66.096	+0.117%	$670K	$316K	30x	as long as short
Aevo XAG-PERP	+0.0064%	1h	66.129	+0.167%	$47K	—	10x	as long as short
Phoenix SILVERlong	+0.0073%	1h	66.019	long leg	$56K	$26K	25x
BloFin XAG-USDT	+0.0075%	4h	66.110	+0.138%	$2.6M	$1.2M	100x	as long as short
Nado XAG-PERP	+0.0076%	1h	66.065	+0.070%	$1.3M	$6.5M	10x	as long as short
QFEX SILVER-USD	+0.0080%	1h	66.090	+0.108%	$143K	$2.8M	20x	as long as short
Paradex XAG-USD-PERP	+0.0100%	8h	66.091	+0.109%	$30K	$1K	5x	as long as short
Pacifica XAG	+0.0100%	1h	66.057	+0.058%	$473K	$643K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.110	+0.138%	$24.2M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.080	+0.092%	$112K	$85K	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	66.130	+0.168%	$1.9M	$972K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0142%	8h	66.140	+0.183%	$27.3M	$68.6M	50x	as long as short
Bullet SILVER-USD	+0.0210%	1h	66.145	+0.191%	$44K	$74K	10x	as long as short
Polymarket Perps SILVER-USD	+0.0240%	1h	66.145	+0.191%	$3.9M	$770K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0360% / S −0.0369%	1h	66.145	+0.191%	$103K	—	29x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0506%	1h	66.150	+0.198%	$60K	$363K	20x	as long as short