XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0023%/8h= −2.5% APRnext payment −$0.03 per $10,000 · paid last 24h +0.002%

Price spread now: Polymarket Perps against Phoenix−0.088%59s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.042%−$4 on $10k

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Polymarket Perps is 0.088% cheaper against Phoenix than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 59 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	66.027	0.0073	pay 0.0009% / 1h	6m 04s	$56K	$26K	25x
Short	Polymarket Perps SILVER-USD	65.969	0.0050	get 0.0006% / 1h	6m 04s	$3.9M	$743K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket 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 Polymarket PerpsbpOrdersPrice spread, now −0.088%Rate

Funding earned: −$4.76
Price spread: −0.088% → 0.000%: −$8.78
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$28.55
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; Polymarket Perps: live order book, 3 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 Polymarket Perps live order book, 3 min ago	1.06 bp	6.0 bp −$6	6.1 bp −$61	9.9 bp −$991	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 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
Nado XAG-PERP	−0.0003%	1h	65.994	−0.051%	$1.3M	$6.5M	10x	as long as short
dYdX XAG-USD	0.0000%	1h	65.988	−0.059%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.000	−0.041%	$25.7M	$36.1M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.000	−0.041%	$147.1M	$185.6M	100x	as long as short
Bullet SILVER-USD	0.0000%	1h	66.004	−0.035%	$44K	$74K	10x	as long as short
SunX XAG-USDT	0.0000%	4h	66.000	−0.041%	$2K	$3.4M	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	0.0000%	1h	66.020	−0.011%	$76K	$360K	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.040	+0.020%	$1.0M	$1.2M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.030	+0.005%	$1.5M	$249K	100x	as long as short
Aftermath Perps XAGUSD	+0.0011%	1h	65.961	−0.100%	$79K	$40K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XAGUSDT	+0.0027%	4h	66.030	+0.005%	$2.8M	$1.1M	100x	as long as short
Lighter XAG	+0.0032%	1h	65.991	−0.054%	$5.1M	$11.5M	25x	as long as short
Lighter RH XAG	+0.0032%	1h	65.990	−0.056%	$4.4M	$10.0M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.028	+0.001%	$5.3M	$14.8M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.565%	$11K	$94K	52x	as long as short
Bitget XAGUSDT	+0.0036%	4h	66.010	−0.026%	$23.7M	$52.3M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	66.020	−0.011%	$790K	$2.8M	40x	as long as short
Ondo Perps XAG-USD.P	+0.0045%	1h	65.930	−0.147%	$5.4M	$9.8M	25x	as long as short
Vest SI-PERP	+0.0046%	1h	66.555	+0.800%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.977	−0.076%	$164.4M	$94.8M	25x	as long as short
Polymarket Perps SILVER-USDshort	+0.0050%	1h	65.969	−0.088%	$3.9M	$743K	20x
SoDEX SILVER-USD	+0.0050%	1h	65.997	−0.045%	$4K	$5K	20x	as long as short
Kalshi KXSILVERPERP	+0.0055%	24h	65.962	−0.098%	$637K	$21.8M	8.1x	as long as short
BloFin XAG-USDT	+0.0060%	4h	65.950	−0.117%	$2.6M	$1.2M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0070%	4h	65.949	−0.118%	$389K	$1.6M	25x	as long as short
Binance XAGUSDT	+0.0070%	4h	66.002	−0.037%	$190.3M	$796.4M	100x	as long as short
Phoenix SILVERlong	+0.0073%	1h	66.027	long leg	$56K	$26K	25x
QFEX SILVER-USD	+0.0080%	1h	66.000	−0.041%	$143K	$2.8M	20x	as long as short
MEXC SILVER_USDT	+0.0080%	4h	66.010	−0.026%	$122.6M	$192.5M	1000x	as long as short
Aevo XAG-PERP	+0.0088%	1h	66.011	−0.024%	$47K	—	10x	as long as short
Paradex XAG-USD-PERP	+0.0100%	8h	65.995	−0.048%	$30K	$1K	5x	as long as short
Pacifica XAG	+0.0100%	1h	65.984	−0.065%	$472K	$645K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.960	−0.101%	$24.2M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.040	+0.020%	$112K	$85K	50x	as long as short
Variational Omni XAG	+0.0107%	4h	66.053	+0.040%	$5.3M	$11.4M	—	as long as short
edgeX XAGUSDC	+0.0108%	4h	66.053	+0.040%	$670K	$314K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0147%	8h	66.000	−0.041%	$27.5M	$69.9M	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	65.920	−0.162%	$1.9M	$1.2M	20x	as long as short
Hotstuff SILVER-PERP	+0.0312%	1h	65.977	−0.076%	$35K	$21K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0392% / S −0.0420%	1h	66.005	−0.033%	$102K	—	29x	as long as short
RISEx XAG/USDC	+0.0432%	1h	66.003	−0.036%	$1.3M	$4.3M	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0615%	1h	65.963	−0.097%	$774K	$616K	25x	as long as short