Funding you earn now, next payment 05:00 UTC−0.0007%/8h= −0.7% APRnext payment −$0.01 per $10,000 · paid last 24h +0.012%
Price spread now: RISEx against Phoenix+0.073%7-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
=Together, before fees—needs both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: RISEx is 0.073% dearer against Phoenix than usual: you sell high and buy low, +$7 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix SILVER | 65.609 | 0.0036 | pay 0.0005% / 1h | 5m 29s | $56K | $26K | 25x |
| Short | RISEx XAG/USDC | 65.657 | 0.0030 | get 0.0004% / 1h | 5m 29s | $1.2M | $4.9M | 20x |
Phoenix SILVER
RISEx XAG/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- −$1.37
- Price spread: +0.073% → 0.000%
- $7.27
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$7.1
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; RISEx: 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 RISEx live order book, 3 min ago | 0.74 bp | 3.7 bp −$4 | 4.2 bp −$42 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi XAG/USDT-P | −0.0040% | 1h | 65.660 | +0.078% | $20K | $19K | 10x | as long as short |
| Ondo Perps XAG-USD.P | −0.0004% | 1h | 65.530 | −0.120% | $5.7M | $9.7M | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.636 | +0.041% | $12K | $5K | 5x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.680 | +0.108% | $2K | $2.6M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.700 | +0.139% | $1.1M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.680 | +0.108% | $1.5M | $280K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.587 | −0.034% | $119K | — | 250x | as long as short |
| RISEx XAG/USDCshort | +0.0030% | 1h | 65.657 | +0.073% | $1.2M | $4.9M | 20x | |
| Lighter RH XAG | +0.0032% | 1h | 65.652 | +0.065% | $4.7M | $9.6M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.602 | −0.011% | $5.2M | $11.7M | 10x | as long as short |
Hibachi XAG/USDT-P
Ondo Perps XAG-USD.P
dYdX XAG-USD
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
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 | +1.206% | $11K | $94K | 52x | as long as short |
| Phoenix SILVERlong | +0.0036% | 1h | 65.609 | long leg | $56K | $26K | 25x | |
| Gate XAG_USDT | +0.0040% | 4h | 65.670 | +0.093% | $144.4M | $181.2M | 100x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 65.690 | +0.123% | $790K | $3.0M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.079 | +0.716% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.602 | −0.011% | $3.9M | $711K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.621 | +0.018% | $3K | $6K | 20x | as long as short |
| QFEX SILVER-USD | +0.0051% | 1h | 65.630 | +0.032% | $152K | $2.8M | 20x | as long as short |
| Hotstuff SILVER-PERP | +0.0056% | 1h | 65.633 | +0.037% | $35K | $21K | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0062% | 8h | 65.636 | +0.041% | $29K | $1K | 5x | as long as short |
| tradeXYZ xyz:SILVER | +0.0076% | 1h | 65.612 | +0.005% | $171.0M | $82.3M | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0076% | 24h | 65.698 | +0.136% | $462K | $29.3M | 8.1x | as long as short |
| Aster XAGUSDT | +0.0079% | 4h | 65.660 | +0.078% | $2.7M | $944K | 100x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.609 | 0.000% | $468K | $629K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.620 | +0.017% | $24.7M | $4.8M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.680 | +0.108% | $112K | $23K | 50x | as long as short |
| Bybit XAGUSDT | +0.0106% | 4h | 65.670 | +0.093% | $28.9M | $39.2M | 150x | as long as short |
| Variational Omni XAG | +0.0120% | 4h | 65.674 | +0.098% | $5.5M | $9.5M | — | as long as short |
| Lighter XAG | +0.0128% | 1h | 65.657 | +0.074% | $5.4M | $11.4M | 25x | as long as short |
| Aevo XAG-PERP | +0.0128% | 1h | 65.677 | +0.104% | $47K | — | 10x | as long as short |
| Binance XAGUSDT | +0.0129% | 4h | 65.650 | +0.062% | $188.8M | $745.9M | 100x | as long as short |
| MEXC SILVER_USDT | +0.0130% | 4h | 65.630 | +0.032% | $112.6M | $162.3M | 1000x | as long as short |
| edgeX XAGUSDC | +0.0148% | 4h | 65.729 | +0.183% | $669K | $313K | 30x | as long as short |
| Nado XAG-PERP | +0.0149% | 1h | 65.623 | +0.022% | $1.3M | $5.6M | 10x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0176% | 1h | 65.690 | +0.123% | $1.6M | $1.3M | 20x | as long as short |
| GRVT XAG_USDT_Perp | +0.0194% | 4h | 65.738 | +0.196% | $389K | $1.5M | 25x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0207% | 1h | 65.670 | +0.093% | $66K | $368K | 20x | as long as short |
| Aftermath Perps XAGUSD | +0.0207% | 1h | 65.617 | +0.012% | $79K | $37K | 10x | as long as short |
| Bitget XAGUSDT | +0.0210% | 4h | 65.650 | +0.062% | $23.9M | $46.3M | 100x | as long as short |
| OKX XAG-USDT-SWAP | +0.0212% | 8h | 65.640 | +0.047% | $27.9M | $70.1M | 50x | as long as short |
| Bullet SILVER-USD | +0.0236% | 1h | 65.651 | +0.064% | $44K | $76K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0320% / S −0.0301% | 1h | 65.635 | +0.040% | $93K | — | 111x | as long as short |
| BloFin XAG-USDT | +0.0373% | 4h | 65.730 | +0.184% | $2.6M | $622K | 100x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0469% | 1h | 65.665 | +0.085% | $916K | $735K | 25x | as long as short |
Injective XAG/USDC PERP
Gate XAG_USDT
StandX XAG-USD
Vest SI-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
QFEX SILVER-USD
Hotstuff SILVER-PERP
Paradex XAG-USD-PERP
tradeXYZ xyz:SILVER
Kalshi KXSILVERPERP
Aster XAGUSDT
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Bybit XAGUSDT
Variational Omni XAG
Lighter XAG
Aevo XAG-PERP
Binance XAGUSDT
MEXC SILVER_USDT
edgeX XAGUSDC
Nado XAG-PERP
Coinbase International SILVER-PERP-INTX
GRVT XAG_USDT_Perp
Deribit SILVER_USDC-PERPETUAL
Aftermath Perps XAGUSD
Bitget XAGUSDT
OKX XAG-USDT-SWAP
Bullet SILVER-USD
GMX SILVER/USD [ETH-USDC]
BloFin XAG-USDT
Kraken Futures PF_XAGUSD