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: Phoenix against Polymarket Perps+0.064%59s7-day average — · you sell dearer than you buy

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

Long on Polymarket Perps Short on Phoenix

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 for this trade now. Funding pays +$1 a day on $10k at the current rate, and Phoenix is 0.064% dearer against Polymarket Perps than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet). 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	Polymarket Perps SILVER-USD	65.985	0.0050	pay 0.0006% / 1h	7m 43s	$3.9M	$743K	20x
Short	Phoenix SILVER	66.027	0.0073	get 0.0009% / 1h	7m 43s	$56K	$26K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Polymarket Perps. 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 Polymarket PerpsbpFee PhoenixbpOrdersPrice spread, now +0.064%Rate

Funding earned: $4.76
Price spread: +0.064% → 0.000%: $6.37
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$3.87
Costs to cover: 0.150%
Break-even: 12.7 days

Slippage unknown: Polymarket Perps: live order book, 1 min ago; Phoenix: 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 Polymarket Perps live order book, 1 min ago	1.06 bp	5.1 bp −$5	5.7 bp −$57	10.0 bp −$1,002	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

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
Deribit SILVER_USDC-PERPETUAL	−0.0356%	1h	66.000	+0.023%	$75K	$361K	20x	as long as short
Nado XAG-PERP	−0.0002%	1h	65.980	−0.007%	$1.3M	$6.5M	10x	as long as short
dYdX XAG-USD	0.0000%	1h	65.934	−0.078%	$14K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.000	+0.023%	$25.7M	$36.4M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.000	+0.023%	$147.1M	$185.5M	100x	as long as short
Bullet SILVER-USD	0.0000%	1h	66.004	+0.029%	$44K	$74K	10x	as long as short
SunX XAG-USDT	0.0000%	4h	65.990	+0.008%	$2K	$3.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.010	+0.038%	$1.0M	$1.2M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.030	+0.068%	$1.5M	$249K	100x	as long as short
Aftermath Perps XAGUSD	+0.0014%	1h	65.984	−0.002%	$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
Lighter XAG	+0.0032%	1h	65.992	+0.010%	$5.1M	$11.5M	25x	as long as short
Lighter RH XAG	+0.0032%	1h	65.992	+0.011%	$4.4M	$10.0M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.030	+0.068%	$5.3M	$14.8M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.629%	$11K	$94K	52x	as long as short
Aster XAGUSDT	+0.0038%	4h	66.030	+0.068%	$2.8M	$1.1M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	66.030	+0.068%	$790K	$2.8M	40x	as long as short
BloFin XAG-USDT	+0.0041%	4h	66.020	+0.053%	$2.6M	$1.2M	100x	as long as short
Vest SI-PERP	+0.0046%	1h	66.502	+0.784%	—	—	25x	as long as short
Bitget XAGUSDT	+0.0046%	4h	66.010	+0.038%	$23.7M	$52.4M	100x	as long as short
Ondo Perps XAG-USD.P	+0.0049%	1h	65.930	−0.083%	$5.4M	$9.8M	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.979	−0.009%	$164.4M	$94.8M	25x	as long as short
Polymarket Perps SILVER-USDlong	+0.0050%	1h	65.985	long leg	$3.9M	$743K	20x
SoDEX SILVER-USD	+0.0050%	1h	65.985	0.000%	$4K	$5K	20x	as long as short
Kalshi KXSILVERPERP	+0.0055%	24h	65.886	−0.150%	$637K	$21.8M	8.1x	as long as short
Phoenix SILVERshort	+0.0073%	1h	66.027	+0.064%	$56K	$26K	25x
QFEX SILVER-USD	+0.0080%	1h	66.020	+0.053%	$143K	$2.8M	20x	as long as short
Binance XAGUSDT	+0.0082%	4h	66.010	+0.038%	$190.3M	$798.8M	100x	as long as short
MEXC SILVER_USDT	+0.0092%	4h	66.010	+0.038%	$122.7M	$192.5M	1000x	as long as short
GRVT XAG_USDT_Perp	+0.0092%	4h	66.058	+0.110%	$390K	$1.6M	25x	as long as short
Pacifica XAG	+0.0100%	1h	65.985	0.000%	$472K	$645K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.970	−0.023%	$24.2M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.050	+0.099%	$112K	$85K	50x	as long as short
Paradex XAG-USD-PERP	+0.0101%	8h	65.990	+0.007%	$30K	$1K	5x	as long as short
Aevo XAG-PERP	+0.0104%	1h	66.032	+0.071%	$47K	—	10x	as long as short
Variational Omni XAG	+0.0107%	4h	66.053	+0.104%	$5.3M	$11.4M	—	as long as short
edgeX XAGUSDC	+0.0126%	4h	66.054	+0.104%	$670K	$314K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0155%	8h	65.990	+0.008%	$27.4M	$69.9M	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	65.880	−0.159%	$1.9M	$1.2M	20x	as long as short
Hotstuff SILVER-PERP	+0.0320%	1h	65.994	+0.014%	$35K	$21K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0391% / S −0.0419%	1h	66.005	+0.030%	$102K	—	29x	as long as short
RISEx XAG/USDC	+0.0432%	1h	66.000	+0.023%	$1.3M	$4.4M	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0615%	1h	65.941	−0.067%	$774K	$616K	25x	as long as short