Funding you earn now, next payment 21:00 UTC+0.0042%/8h= +4.6% APRpaid last 24h +0.010%
Price spread now: Paradex against Phoenix+0.143%106s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Paradex is 0.143% dearer against Phoenix than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 106 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 | 66.345 | 0.0073 | pay 0.0009% / 1h | 3m 41s | $56K | $26K | 25x |
| Short | Paradex XAG-USD-PERP | 66.440 | 0.0115 | get 0.0115% / 8h | 1h 03m | $30K | $1K | 5x |
Phoenix SILVER
Paradex XAG-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex 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
- $8.81
- Price spread: +0.143% → 0.000%
- $14.26
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- $12.07
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Phoenix: no order-book sample; Paradex: 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 Paradex no order-book sample | — | — | — | — | — |
Phoenix and Paradex: 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XAGUSD | −0.0271% | 1h | 66.397 | +0.078% | $768K | $569K | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 66.359 | +0.020% | $15K | — | 5x | as long as short |
| Bybit XAGUSDT | 0.0000% | 4h | 66.450 | +0.158% | $25.7M | $33.5M | 150x | as long as short |
| RISEx XAG/USDC | 0.0000% | 1h | 66.460 | +0.173% | $1.3M | $4.2M | 20x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.460 | +0.173% | $146.6M | $174.0M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.450 | +0.158% | $2K | $3.1M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.440 | +0.143% | $1.0M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.430 | +0.128% | $1.5M | $249K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.363 | +0.027% | $120K | — | 250x | as long as short |
| QFEX SILVER-USD | +0.0016% | 1h | 66.420 | +0.113% | $125K | $2.8M | 20x | as long as short |
Kraken Futures PF_XAGUSD
dYdX XAG-USD
Bybit XAGUSDT
RISEx XAG/USDC
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
QFEX SILVER-USDShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XAG | +0.0032% | 1h | 66.438 | +0.140% | $4.8M | $9.8M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.387 | +0.063% | $5.5M | $12.3M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.083% | $11K | $94K | 52x | as long as short |
| BloFin XAG-USDT | +0.0040% | 4h | 66.380 | +0.053% | $2.6M | $848K | 100x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 66.370 | +0.038% | $794K | $2.7M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.864 | +0.782% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.398 | +0.080% | $3.9M | $699K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.362 | +0.026% | $4K | $5K | 20x | as long as short |
| Ondo Perps XAG-USD.P | +0.0050% | 1h | 66.360 | +0.023% | $5.7M | $10.0M | 25x | as long as short |
| tradeXYZ xyz:SILVER | +0.0054% | 1h | 66.408 | +0.095% | $165.4M | $88.2M | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0058% | 24h | 66.395 | +0.075% | $589K | $21.4M | 8.1x | as long as short |
| Phoenix SILVERlong | +0.0073% | 1h | 66.345 | long leg | $56K | $26K | 25x | |
| Aster XAGUSDT | +0.0078% | 4h | 66.436 | +0.138% | $2.8M | $1.0M | 100x | as long as short |
| Variational Omni XAG | +0.0080% | 4h | 66.386 | +0.062% | $5.5M | $10.5M | — | as long as short |
| Bitget XAGUSDT | +0.0088% | 4h | 66.470 | +0.188% | $24.2M | $48.0M | 100x | as long as short |
| MEXC SILVER_USDT | +0.0094% | 4h | 66.450 | +0.158% | $124.2M | $182.8M | 1000x | as long as short |
| Binance XAGUSDT | +0.0095% | 4h | 66.450 | +0.158% | $191.0M | $729.7M | 100x | as long as short |
| edgeX XAGUSDC | +0.0098% | 4h | 66.377 | +0.048% | $673K | $315K | 30x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.391 | +0.069% | $475K | $625K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.400 | +0.083% | $24.5M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.330 | −0.023% | $113K | $19K | 50x | as long as short |
| Aevo XAG-PERP | +0.0104% | 1h | 66.419 | +0.112% | $48K | — | 10x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0104% | 1h | 66.380 | +0.053% | $1.9M | $864K | 20x | as long as short |
| Paradex XAG-USD-PERPshort | +0.0115% | 8h | 66.440 | +0.143% | $30K | $1K | 5x | |
| Aftermath Perps XAGUSD | +0.0131% | 1h | 66.316 | −0.043% | $80K | $40K | 10x | as long as short |
| GRVT XAG_USDT_Perp | +0.0134% | 4h | 66.378 | +0.050% | $402K | $1.4M | 25x | as long as short |
| Lighter XAG | +0.0136% | 1h | 66.441 | +0.145% | $5.2M | $11.0M | 25x | as long as short |
| Hotstuff SILVER-PERP | +0.0136% | 1h | 66.405 | +0.090% | $35K | $21K | 20x | as long as short |
| OKX XAG-USDT-SWAP | +0.0182% | 8h | 66.460 | +0.173% | $27.5M | $66.7M | 50x | as long as short |
| Hibachi XAG/USDT-P | +0.0216% | 1h | 66.352 | +0.010% | $20K | $22K | 10x | as long as short |
| Nado XAG-PERP | +0.0218% | 1h | 66.375 | +0.046% | $1.3M | $6.5M | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0258% / S −0.0231% | 1h | 66.435 | +0.136% | $103K | — | 111x | as long as short |
| Bullet SILVER-USD | +0.0268% | 1h | 66.442 | +0.146% | $46K | $75K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0503% | 1h | 66.420 | +0.113% | $51K | $359K | 20x | as long as short |
Lighter RH XAG
Extended XAG-USD
Injective XAG/USDC PERP
BloFin XAG-USDT
StandX XAG-USD
Vest SI-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Ondo Perps XAG-USD.P
tradeXYZ xyz:SILVER
Kalshi KXSILVERPERP
Aster XAGUSDT
Variational Omni XAG
Bitget XAGUSDT
MEXC SILVER_USDT
Binance XAGUSDT
edgeX XAGUSDC
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Aevo XAG-PERP
Coinbase International SILVER-PERP-INTX
Aftermath Perps XAGUSD
GRVT XAG_USDT_Perp
Lighter XAG
Hotstuff SILVER-PERP
OKX XAG-USDT-SWAP
Hibachi XAG/USDT-P
Nado XAG-PERP
GMX SILVER/USD [ETH-USDC]
Bullet SILVER-USD
Deribit SILVER_USDC-PERPETUAL