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

XAG

RWAall XAG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0071%/8h= +7.8% APRnext payment +$0.09 per $10,000 · paid last 24h −0.002%
Price spread now: Phoenix against StandX+0.073%7-day average · you sell dearer than you buy
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 7 days+0.048%+$5 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropStandX: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Phoenix is 0.073% dearer against StandX than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX XAG-USD64.7200.0040pay 0.0005% / 1h27m 32s$778K$3.0M40x
ShortPhoenix SILVER64.7670.0111get 0.0014% / 1h27m 32s$55K$31K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix against StandX. 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
$14.87
Price spread: +0.073% → 0.000%
$7.26
Slippage, 4 orders
no order book: not counted
Fee StandX: 4 bp × 2 orders
−$8
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
$7.13
Costs to cover
0.150%
Break-even
3.6 days
Slippage unknown: StandX: 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
LegHalf-spread$10k$100k$1M$5M
Buy StandX live order book, 1 min ago3.09 bp7.1 bp −$78.5 bp −$8535.4 bp −$3,543doesn'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 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX XAG-USD0.0000%1h64.673−0.073%$12K$6K5xas long as short
Gate XAG_USDT0.0000%4h64.790+0.108%$139.2M$185.6M100xas long as short
SunX XAG-USDT0.0000%4h64.740+0.031%$2K$2.4M20xas long as short
HTX XAG-USDT0.0000%4h64.780+0.093%$1.1M$1.3M75xas long as short
Phemex XAGUSDT0.0000%4h64.780+0.093%$1.5M$337K100xas long as short
gTrade (Gains Network) XAG/USDL +0.0004% / S −0.0006%1h64.663−0.088%$117K250xas long as short
Variational Omni XAG+0.0017%4h64.834+0.177%$5.3M$9.1Mas long as short
Lighter RH XAG+0.0032%1h64.748+0.043%$4.5M$9.8M25xas long as short
Extended XAG-USD+0.0032%1h64.701−0.030%$5.0M$12.2M10xas long as short
Injective XAG/USDC PERP+0.0033%1h66.400+2.596%$11K$94K52xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
StandX XAG-USDlong+0.0040%1h64.720long leg$778K$3.0M40x
Vest SI-PERP+0.0046%1h65.150+0.664%25xas long as short
QFEX SILVER-USD+0.0047%1h64.740+0.031%$447K$1.5M20xas long as short
Polymarket Perps SILVER-USD+0.0050%1h64.665−0.085%$3.8M$890K20xas long as short
SoDEX SILVER-USD+0.0050%1h64.666−0.083%$3K$6K20xas long as short
Ondo Perps XAG-USD.P+0.0050%1h64.670−0.077%$5.6M$9.9M25xas long as short
MEXC SILVER_USDT+0.0056%4h64.760+0.062%$121.3M$158.9M1000xas long as short
edgeX XAGUSDC+0.0058%4h64.839+0.184%$660K$315K30xas long as short
Binance XAGUSDT+0.0058%4h64.746+0.040%$196.3M$780.9M100xas long as short
Paradex XAG-USD-PERP+0.0062%8h64.749+0.045%$29K$1665xas long as short
Aevo XAG-PERP+0.0072%1h64.719−0.002%$46K10xas long as short
Aster XAGUSDT+0.0078%4h64.744+0.037%$2.6M$1.0M100xas long as short
Coinbase International SILVER-PERP-INTX+0.0080%1h64.680−0.062%$1.6M$1.5M20xas long as short
Kalshi KXSILVERPERP+0.0085%24h64.711−0.014%$484K$34.6M8.1xas long as short
Hotstuff SILVER-PERP+0.0088%1h64.736+0.025%$34K$21K20xas long as short
Pacifica XAG+0.0100%1h64.712−0.012%$462K$591K10xas long as short
KuCoin XAGUSDTM+0.0100%4h64.710−0.015%$25.0M$4.6M75xas long as short
ApeX Omni XAGUSDT+0.0100%1h64.810+0.139%$111K$19K50xas long as short
Phoenix SILVERshort+0.0111%1h64.767+0.073%$55K$31K25x
tradeXYZ xyz:SILVER+0.0129%1h64.726+0.009%$172.6M$88.6M25xas long as short
RISEx XAG/USDC+0.0158%1h64.730+0.015%$1.2M$4.9M20xas long as short
GRVT XAG_USDT_Perp+0.0160%4h64.830+0.170%$386K$1.6M25xas long as short
Nado XAG-PERP+0.0160%1h64.719−0.002%$1.2M$4.2M10xas long as short
OKX XAG-USDT-SWAP+0.0194%8h64.730+0.015%$28.7M$74.4M50xas long as short
Bitget XAGUSDT+0.0196%4h64.7200.000%$23.4M$47.1M100xas long as short
Aftermath Perps XAGUSD+0.0221%1h64.788+0.105%$78K$37K10xas long as short
Lighter XAG+0.0224%1h64.760+0.061%$5.2M$11.1M25xas long as short
Bybit XAGUSDT+0.0224%4h64.760+0.062%$29.7M$43.2M150xas long as short
BloFin XAG-USDT+0.0231%4h64.840+0.185%$2.7M$667K100xas long as short
GMX SILVER/USD [ETH-USDC]L +0.0238% / S −0.0196%1h64.735+0.023%$92K111xas long as short
Bullet SILVER-USD+0.0296%1h64.745+0.039%$45K$75K10xas long as short
Hibachi XAG/USDT-P+0.0344%1h64.664−0.086%$19K$15K10xas long as short
Deribit SILVER_USDC-PERPETUAL+0.0368%1h64.7200.000%$76K$432K20xas long as short
Kraken Futures PF_XAGUSD+0.0421%1h64.701−0.029%$1.0M$892K25xas long as short