XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0014%/8h= −1.5% APRnext payment −$0.02 per $10,000 · paid last 24h −0.003%

Price spread now: Phoenix against SoDEX−0.110%70s7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Phoenix is 0.110% cheaper against SoDEX than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 70 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	SoDEX SILVER-USD	66.091	0.0050	pay 0.0006% / 1h	49m 48s	$3K	$6K	20x
Short	Phoenix SILVER	66.018	0.0036	get 0.0005% / 1h	49m 48s	$56K	$26K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against SoDEX. 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 SoDEXbpFee PhoenixbpOrdersPrice spread, now −0.110%Rate

Funding earned: −$2.86
Price spread: −0.110% → 0.000%: −$11.05
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$28.91
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; 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 SoDEX no order-book sample	—	—	—	—	—
Sell Phoenix no order-book sample	—	—	—	—	—

SoDEX and 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
Ondo Perps XAG-USD.P	−0.0026%	1h	66.040	−0.077%	$5.7M	$9.3M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	66.104	+0.020%	$14K	$66	5x	as long as short
SunX XAG-USDT	0.0000%	4h	66.150	+0.089%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.180	+0.135%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.160	+0.104%	$1.5M	$257K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.093	+0.003%	$121K	—	250x	as long as short
RISEx XAG/USDC	+0.0030%	1h	66.159	+0.102%	$1.3M	$4.8M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	66.141	+0.076%	$4.8M	$9.3M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.096	+0.007%	$5.2M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.468%	$11K	$94K	52x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix SILVERshort	+0.0036%	1h	66.018	−0.110%	$56K	$26K	25x
StandX XAG-USD	+0.0040%	1h	66.160	+0.104%	$796K	$3.0M	40x	as long as short
Gate XAG_USDT	+0.0044%	4h	66.170	+0.120%	$149.9M	$153.9M	100x	as long as short
Vest SI-PERP	+0.0046%	1h	66.581	+0.741%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.122	+0.047%	$3.9M	$676K	20x	as long as short
SoDEX SILVER-USDlong	+0.0050%	1h	66.091	long leg	$3K	$6K	20x
QFEX SILVER-USD	+0.0051%	1h	66.130	+0.059%	$114K	$2.7M	20x	as long as short
Paradex XAG-USD-PERP	+0.0054%	8h	66.139	+0.072%	$30K	$1K	5x	as long as short
Kalshi KXSILVERPERP	+0.0075%	24h	66.126	+0.053%	$513K	$26.7M	8.1x	as long as short
tradeXYZ xyz:SILVER	+0.0078%	1h	66.118	+0.041%	$166.7M	$73.8M	25x	as long as short
Bybit XAGUSDT	+0.0092%	4h	66.160	+0.104%	$27.8M	$36.4M	150x	as long as short
Pacifica XAG	+0.0100%	1h	66.102	+0.016%	$471K	$605K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.120	+0.044%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.060	−0.047%	$113K	$30K	50x	as long as short
Aster XAGUSDT	+0.0113%	4h	66.154	+0.095%	$2.7M	$873K	100x	as long as short
Lighter XAG	+0.0144%	1h	66.147	+0.084%	$5.2M	$10.6M	25x	as long as short
Variational Omni XAG	+0.0151%	4h	66.143	+0.079%	$5.7M	$9.5M	—	as long as short
Aevo XAG-PERP	+0.0152%	1h	66.143	+0.079%	$47K	—	10x	as long as short
BloFin XAG-USDT	+0.0156%	4h	66.120	+0.044%	$2.6M	$571K	100x	as long as short
Binance XAGUSDT	+0.0165%	4h	66.154	+0.096%	$191.4M	$703.3M	100x	as long as short
MEXC SILVER_USDT	+0.0166%	4h	66.150	+0.089%	$116.4M	$151.8M	1000x	as long as short
Nado XAG-PERP	+0.0169%	1h	66.118	+0.041%	$1.4M	$5.6M	10x	as long as short
edgeX XAGUSDC	+0.0172%	4h	66.086	−0.008%	$671K	$311K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.980	−0.168%	$1.8M	$1.0M	20x	as long as short
Aftermath Perps XAGUSD	+0.0198%	1h	66.063	−0.042%	$79K	$36K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0204%	1h	66.130	+0.059%	$74K	$364K	20x	as long as short
GRVT XAG_USDT_Perp	+0.0212%	4h	66.113	+0.033%	$395K	$1.5M	25x	as long as short
Bitget XAGUSDT	+0.0222%	4h	66.150	+0.089%	$24.0M	$44.9M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0222%	8h	66.160	+0.104%	$27.8M	$64.7M	50x	as long as short
Bullet SILVER-USD	+0.0234%	1h	66.167	+0.116%	$44K	$76K	10x	as long as short
Hotstuff SILVER-PERP	+0.0240%	1h	66.123	+0.048%	$35K	$21K	20x	as long as short
Hibachi XAG/USDT-P	+0.0328%	1h	66.096	+0.007%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0388% / S −0.0443%	1h	66.155	+0.097%	$106K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0466%	1h	66.123	+0.048%	$909K	$688K	25x	as long as short