Settings8H · net · $10k
Funding arb · Price arb /

XAG

RWAall XAG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC+0.0005%/8h= +0.6% APRnext payment +$0.01 per $10,000 · paid last 24h −0.015%
Price spread now: Phoenix against RISEx−0.042%110s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phoenix is 0.042% cheaper against RISEx than usual: you would sell low and buy high, −$4 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 110 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx XAG/USDC65.6390.0116pay 0.0015% / 1h27m 36s$1.3M$5.2M20x
ShortPhoenix SILVER65.6110.0122get 0.0015% / 1h27m 36s$55K$14K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix against RISEx. 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

Funding earned
$1.11
Price spread: −0.042% → 0.000%
−$4.22
Slippage, 4 orders
no order book: not counted
Fee RISEx: 3 bp × 2 orders
−$6
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$16.11
Costs to cover
0.130%
Break-even
108.5 days
Slippage unknown: RISEx: live order book, 4 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
LegHalf-spread$10k$100k$1M$5M
Buy RISEx live order book, 4 min ago0.01 bp3.0 bp −$33.8 bp −$38doesn't fitdoesn'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 44 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff SILVER-PERP−3.2000%1h65.632−0.010%$36K$23K20xas long as short
dYdX XAG-USD0.0000%1h65.586−0.080%$13K$8K5xas long as short
Gate XAG_USDT0.0000%4h65.660+0.032%$138.2M$205.5M100xas long as short
SunX XAG-USDT0.0000%4h65.670+0.048%$2K$2.4M20xas long as short
HTX XAG-USDT0.0000%4h65.680+0.063%$1.1M$1.3M75xas long as short
Phemex XAGUSDT0.0000%4h65.680+0.063%$1.5M$255K100xas long as short
gTrade (Gains Network) XAG/USDL +0.0004% / S −0.0006%1h65.603−0.055%$119K250xas long as short
Ondo Perps XAG-USD.P+0.0031%1h65.550−0.135%$5.6M$11.1M25xas long as short
Lighter RH XAG+0.0032%1h65.634−0.007%$4.5M$9.6M25xas long as short
Extended XAG-USD+0.0032%1h65.581−0.087%$5.1M$11.8M10xas long as short
Show all 44 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective XAG/USDC PERP+0.0033%1h64.602−1.579%$11K$24052xas long as short
StandX XAG-USD+0.0040%1h65.670+0.048%$790K$2.9M40xas long as short
Vest SI-PERP+0.0046%1h66.048+0.624%25xas long as short
Polymarket Perps SILVER-USD+0.0050%1h65.630−0.013%$3.8M$907K20xas long as short
SoDEX SILVER-USD+0.0050%1h65.602−0.056%$3K$6K20xas long as short
QFEX SILVER-USD+0.0051%1h65.620−0.029%$447K$1.4M20xas long as short
Paradex XAG-USD-PERP+0.0054%8h65.617−0.034%$29K5xas long as short
Variational Omni XAG+0.0067%4h65.630−0.014%$5.7M$9.1Mas long as short
tradeXYZ xyz:SILVER+0.0072%1h65.617−0.033%$175.4M$95.0M25xas long as short
Bybit XAGUSDT+0.0080%4h65.640+0.002%$30.4M$48.3M150xas long as short
Aster XAGUSDT+0.0088%4h65.640+0.002%$2.7M$1.2M100xas long as short
Binance XAGUSDT+0.0091%4h65.634−0.007%$191.5M$865.5M100xas long as short
MEXC SILVER_USDT+0.0092%4h65.630−0.013%$118.5M$164.6M1000xas long as short
Pacifica XAG+0.0100%1h65.587−0.079%$464K$559K10xas long as short
KuCoin XAGUSDTM+0.0100%4h65.610−0.044%$25.4M$4.7M75xas long as short
ApeX Omni XAGUSDT+0.0100%1h65.600−0.059%$112K$19K50xas long as short
Kalshi KXSILVERPERP+0.0102%24h65.667+0.043%$797K$39.0M8.1xas long as short
Aevo XAG-PERP+0.0104%1h65.651+0.018%$47K10xas long as short
Coinbase International SILVER-PERP-INTX+0.0104%1h65.620−0.029%$1.6M$1.9M20xas long as short
GRVT XAG_USDT_Perp+0.0108%4h65.649+0.016%$386K$1.6M25xas long as short
edgeX XAGUSDC+0.0111%4h65.637−0.003%$669K$313K30xas long as short
RISEx XAG/USDClong+0.0116%1h65.639long leg$1.3M$5.2M20x
Phoenix SILVERshort+0.0122%1h65.611−0.042%$55K$14K25x
Nado XAG-PERP+0.0135%1h65.590−0.074%$1.2M$3.5M10xas long as short
Lighter XAG+0.0136%1h65.642+0.005%$5.1M$11.7M25xas long as short
OKX XAG-USDT-SWAP+0.0197%8h65.620−0.029%$28.1M$85.7M50xas long as short
Deribit SILVER_USDC-PERPETUAL+0.0207%1h65.640+0.002%$77K$414K20xas long as short
Bullet SILVER-USD+0.0216%1h65.674+0.053%$45K$73K10xas long as short
Aftermath Perps XAGUSD+0.0221%1h65.633−0.009%$79K$37K10xas long as short
Bitget XAGUSDT+0.0228%4h65.650+0.017%$23.2M$53.0M100xas long as short
Hibachi XAG/USDT-P+0.0232%1h65.617−0.033%$21K$12K10xas long as short
GMX SILVER/USD [ETH-USDC]L +0.0274% / S −0.0243%1h65.685+0.071%$93K111xas long as short
BloFin XAG-USDT+0.0333%4h65.670+0.048%$2.7M$764K100xas long as short
Kraken Futures PF_XAGUSD+0.0547%1h65.643+0.007%$1.0M$952K25xas long as short