Funding you earn now, next payment 09:00 UTC+0.0058%/8h= +6.4% APRnext payment +$0.07 per $10,000 · paid last 24h −0.004%
Price spread now: Phoenix against QFEX−0.090%52s7-day average — · you buy dearer than you sell
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 pays, the price is against you. Phoenix is 0.090% cheaper against QFEX than usual: you would sell low and buy high (spread −0.090% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 5.1 days of funding at the current rate (+$2 a day). The two prices were read 52 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 | QFEX SILVER-USD | 65.680 | 0.0051 | pay 0.0006% / 1h | 54m 04s | $447K | $1.4M | 20x |
| Short | Phoenix SILVER | 65.621 | 0.0110 | get 0.0014% / 1h | 54m 04s | $55K | $14K | 25x |
QFEX SILVER-USD
Phoenix SILVERFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against QFEX. 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
- $12.28
- Price spread: −0.090% → 0.000%
- −$8.98
- Slippage, 4 orders
- no order book: not counted
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$13.71
- Costs to cover
- 0.170%
- Break-even
- 14.8 days
Slippage unknown: QFEX: live order book, 6 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 QFEX live order book, 6 min ago | 3.04 bp | 8.0 bp −$8 | 8.0 bp −$80 | 8.8 bp −$885 | 12.9 bp −$6,466 |
| 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 44 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff SILVER-PERP | −1.5176% | 1h | 65.532 | −0.225% | $36K | $23K | 20x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.651 | −0.044% | $13K | $8K | 5x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 65.710 | +0.046% | $138.6M | $203.6M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.690 | +0.015% | $2K | $2.5M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.710 | +0.046% | $1.1M | $1.3M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.700 | +0.030% | $1.5M | $252K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.645 | −0.053% | $119K | — | 250x | as long as short |
| Ondo Perps XAG-USD.P | +0.0011% | 1h | 65.610 | −0.107% | $5.7M | $11.0M | 25x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.689 | +0.014% | $4.5M | $9.4M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.637 | −0.065% | $5.1M | $11.8M | 10x | as long as short |
Hotstuff SILVER-PERP
dYdX XAG-USD
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Ondo Perps XAG-USD.P
Lighter RH XAG
Extended XAG-USDShow all 44 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective XAG/USDC PERP | +0.0033% | 1h | 64.602 | −1.641% | $11K | $240 | 52x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 65.680 | 0.000% | $790K | $3.0M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.146 | +0.710% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.671 | −0.014% | $3.8M | $894K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.631 | −0.075% | $3K | $6K | 20x | as long as short |
| QFEX SILVER-USDlong | +0.0051% | 1h | 65.680 | long leg | $447K | $1.4M | 20x | |
| tradeXYZ xyz:SILVER | +0.0054% | 1h | 65.672 | −0.012% | $174.7M | $93.8M | 25x | as long as short |
| Paradex XAG-USD-PERP | +0.0057% | 8h | 65.686 | +0.010% | $29K | $166 | 5x | as long as short |
| Variational Omni XAG | +0.0096% | 4h | 65.678 | −0.003% | $5.7M | $9.1M | — | as long as short |
| Kalshi KXSILVERPERP | +0.0099% | 24h | 65.704 | +0.037% | $711K | $38.6M | 8.1x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.638 | −0.065% | $467K | $570K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.660 | −0.030% | $25.4M | $4.7M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.700 | +0.030% | $112K | $19K | 50x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0104% | 1h | 65.640 | −0.061% | $1.6M | $1.9M | 20x | as long as short |
| Phoenix SILVERshort | +0.0110% | 1h | 65.621 | −0.090% | $55K | $14K | 25x | |
| RISEx XAG/USDC | +0.0116% | 1h | 65.711 | +0.048% | $1.2M | $4.9M | 20x | as long as short |
| MEXC SILVER_USDT | +0.0118% | 4h | 65.680 | 0.000% | $121.9M | $162.7M | 1000x | as long as short |
| Binance XAGUSDT | +0.0118% | 4h | 65.700 | +0.030% | $191.9M | $863.7M | 100x | as long as short |
| Aster XAGUSDT | +0.0118% | 4h | 65.704 | +0.037% | $2.7M | $1.1M | 100x | as long as short |
| Aevo XAG-PERP | +0.0120% | 1h | 65.681 | +0.001% | $47K | — | 10x | as long as short |
| edgeX XAGUSDC | +0.0134% | 4h | 65.652 | −0.042% | $669K | $313K | 30x | as long as short |
| Nado XAG-PERP | +0.0144% | 1h | 65.658 | −0.033% | $1.2M | $3.7M | 10x | as long as short |
| GRVT XAG_USDT_Perp | +0.0150% | 4h | 65.689 | +0.013% | $396K | $1.5M | 25x | as long as short |
| Lighter XAG | +0.0152% | 1h | 65.688 | +0.012% | $5.1M | $11.6M | 25x | as long as short |
| Bybit XAGUSDT | +0.0152% | 4h | 65.700 | +0.030% | $30.5M | $48.0M | 150x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0207% | 1h | 65.670 | −0.015% | $77K | $411K | 20x | as long as short |
| Bullet SILVER-USD | +0.0210% | 1h | 65.722 | +0.064% | $45K | $74K | 10x | as long as short |
| OKX XAG-USDT-SWAP | +0.0213% | 8h | 65.690 | +0.015% | $28.0M | $85.8M | 50x | as long as short |
| Aftermath Perps XAGUSD | +0.0217% | 1h | 65.651 | −0.044% | $79K | $37K | 10x | as long as short |
| Bitget XAGUSDT | +0.0248% | 4h | 65.690 | +0.015% | $23.2M | $52.7M | 100x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0268% / S −0.0236% | 1h | 65.695 | +0.023% | $93K | — | 111x | as long as short |
| Hibachi XAG/USDT-P | +0.0280% | 1h | 65.661 | −0.029% | $21K | $12K | 10x | as long as short |
| BloFin XAG-USDT | +0.0360% | 4h | 65.750 | +0.107% | $2.7M | $772K | 100x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0547% | 1h | 65.668 | −0.018% | $1.0M | $943K | 25x | as long as short |
Injective XAG/USDC PERP
StandX XAG-USD
Vest SI-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
tradeXYZ xyz:SILVER
Paradex XAG-USD-PERP
Variational Omni XAG
Kalshi KXSILVERPERP
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Coinbase International SILVER-PERP-INTX
RISEx XAG/USDC
MEXC SILVER_USDT
Binance XAGUSDT
Aster XAGUSDT
Aevo XAG-PERP
edgeX XAGUSDC
Nado XAG-PERP
GRVT XAG_USDT_Perp
Lighter XAG
Bybit XAGUSDT
Deribit SILVER_USDC-PERPETUAL
Bullet SILVER-USD
OKX XAG-USDT-SWAP
Aftermath Perps XAGUSD
Bitget XAGUSDT
GMX SILVER/USD [ETH-USDC]
Hibachi XAG/USDT-P
BloFin XAG-USDT
Kraken Futures PF_XAGUSD