Funding you earn now, next payment 03:00 UTC−0.0020%/8h= −2.2% APRnext payment −$0.03 per $10,000 · paid last 24h −0.001%
Price spread now: StandX against Phoenix+0.011%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.053%−$5 on $10k
+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: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix SILVER | 66.143 | 0.0060 | pay 0.0008% / 1h | 16m 45s | $56K | $26K | 25x |
| Short | StandX XAG-USD | 66.150 | 0.0040 | get 0.0005% / 1h | 16m 45s | $796K | $3.1M | 40x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
StandX 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
- −$4.3
- Price spread: +0.011% → 0.000%
- $1.06
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee StandX: 4 bp × 2 orders
- −$8
- Net
- −$18.24
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; StandX: live order book, 2 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 StandX live order book, 2 min ago | 3.02 bp | 8.5 bp −$9 | 10.3 bp −$103 | 34.3 bp −$3,426 | 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 | 66.080 | −0.095% | $15K | — | 5x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.180 | +0.056% | $150.2M | $163.5M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.140 | −0.005% | $2K | $2.7M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.180 | +0.056% | $1.0M | $971K | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.160 | +0.026% | $1.5M | $317K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.082 | −0.093% | $121K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.147 | +0.006% | $4.8M | $9.5M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.094 | −0.074% | $5.2M | $11.6M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.389% | $11K | $94K | 52x | as long as short |
| Hotstuff SILVER-PERP | +0.0040% | 1h | 66.106 | −0.056% | $35K | $21K | 20x | as long as short |
Show all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX XAG-USDshort | +0.0040% | 1h | 66.150 | +0.011% | $796K | $3.1M | 40x | |
| Ondo Perps XAG-USD.P | +0.0041% | 1h | 66.040 | −0.156% | $5.7M | $9.6M | 25x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.585 | +0.668% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.119 | −0.036% | $3.9M | $672K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.079 | −0.097% | $3K | $6K | 20x | as long as short |
| QFEX SILVER-USD | +0.0054% | 1h | 66.140 | −0.005% | $115K | $2.7M | 20x | as long as short |
| Phoenix SILVERlong | +0.0060% | 1h | 66.143 | long leg | $56K | $26K | 25x | |
| Kalshi KXSILVERPERP | +0.0070% | 24h | 66.114 | −0.044% | $547K | $25.4M | 8.1x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.098 | −0.068% | $471K | $615K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.120 | −0.035% | $24.5M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.130 | −0.020% | $113K | $30K | 50x | as long as short |
| tradeXYZ xyz:SILVER | +0.0124% | 1h | 66.137 | −0.009% | $166.0M | $74.2M | 25x | as long as short |
| RISEx XAG/USDC | +0.0137% | 1h | 66.148 | +0.007% | $1.3M | $4.5M | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0140% | 8h | 66.143 | 0.000% | $30K | $1K | 5x | as long as short |
| Aster XAGUSDT | +0.0143% | 4h | 66.150 | +0.011% | $2.7M | $878K | 100x | as long as short |
| Bybit XAGUSDT | +0.0162% | 4h | 66.190 | +0.071% | $27.0M | $36.0M | 150x | as long as short |
| Lighter XAG | +0.0176% | 1h | 66.139 | −0.006% | $5.2M | $10.7M | 25x | as long as short |
| Aevo XAG-PERP | +0.0192% | 1h | 66.143 | 0.000% | $47K | — | 10x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0200% | 1h | 66.170 | +0.041% | $1.8M | $1.0M | 20x | as long as short |
| Variational Omni XAG | +0.0206% | 4h | 66.183 | +0.060% | $5.6M | $9.6M | — | as long as short |
| Nado XAG-PERP | +0.0206% | 1h | 66.102 | −0.062% | $1.4M | $6.5M | 10x | as long as short |
| Binance XAGUSDT | +0.0211% | 4h | 66.170 | +0.041% | $192.6M | $700.4M | 100x | as long as short |
| MEXC SILVER_USDT | +0.0212% | 4h | 66.170 | +0.041% | $110.2M | $152.8M | 1000x | as long as short |
| Aftermath Perps XAGUSD | +0.0220% | 1h | 66.129 | −0.022% | $80K | $36K | 10x | as long as short |
| edgeX XAGUSDC | +0.0221% | 4h | 66.189 | +0.070% | $672K | $312K | 30x | as long as short |
| OKX XAG-USDT-SWAP | +0.0231% | 8h | 66.180 | +0.056% | $27.8M | $65.2M | 50x | as long as short |
| Bitget XAGUSDT | +0.0256% | 4h | 66.170 | +0.041% | $23.9M | $45.4M | 100x | as long as short |
| BloFin XAG-USDT | +0.0256% | 4h | 66.150 | +0.011% | $2.6M | $554K | 100x | as long as short |
| GRVT XAG_USDT_Perp | +0.0276% | 4h | 66.193 | +0.076% | $389K | $1.5M | 25x | as long as short |
| Bullet SILVER-USD | +0.0287% | 1h | 66.156 | +0.019% | $44K | $76K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0355% | 1h | 66.130 | −0.020% | $62K | $349K | 20x | as long as short |
| Hibachi XAG/USDT-P | +0.0368% | 1h | 66.092 | −0.077% | $20K | $19K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0383% / S −0.0424% | 1h | 66.155 | +0.018% | $103K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0485% | 1h | 66.122 | −0.032% | $913K | $681K | 25x | as long as short |
Phoenix SILVER
StandX XAG-USD
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Lighter RH XAG
Extended XAG-USD
Injective XAG/USDC PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Kalshi KXSILVERPERP
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
tradeXYZ xyz:SILVER
RISEx XAG/USDC
Paradex XAG-USD-PERP
Aster XAGUSDT
Bybit XAGUSDT
Lighter XAG
Coinbase International SILVER-PERP-INTX
Variational Omni XAG
Binance XAGUSDT
MEXC SILVER_USDT
Aftermath Perps XAGUSD
edgeX XAGUSDC
OKX XAG-USDT-SWAP
Bitget XAGUSDT
BloFin XAG-USDT
GRVT XAG_USDT_Perp
Bullet SILVER-USD
Deribit SILVER_USDC-PERPETUAL
GMX SILVER/USD [ETH-USDC]
Kraken Futures PF_XAGUSD