XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0015%/8h= +1.7% APRnext payment +$0.02 per $10,000 · paid last 24h −0.003%

Price spread now: Phoenix against Vest−0.710%58s7-day average — · you buy dearer than you sell

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

Long on Vest 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—+ Points / potential airdropVest: Active · farm boardneeds both histories

Funding pays, the price is against you. Phoenix is 0.710% cheaper against Vest than usual: you would sell low and buy high (spread −0.710% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$71 on $10k: about 5 months of funding at the current rate ($0 a day). The two prices were read 58 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	Vest SI-PERP	65.741	0.0046	pay 0.0006% / 1h	59m 32s	—	—	25x
Short	Phoenix SILVER	65.274	0.0061	get 0.0008% / 1h	59m 32s	$56K	$31K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Vest. 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 VestbpFee PhoenixbpOrdersPrice spread, now −0.710%Rate

Funding earned: $3.22
Price spread: −0.710% → 0.000%: −$71.04
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$76.81
Costs to cover: 0.090%
Break-even: 173.9 days

Slippage unknown: Vest: 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 Vest no order-book sample	—	—	—	—	—
Sell Phoenix no order-book sample	—	—	—	—	—

Vest 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
dYdX XAG-USD	0.0000%	1h	65.293	−0.681%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.330	−0.625%	$27.7M	$39.6M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.350	−0.595%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.350	−0.595%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.360	−0.580%	$1.5M	$281K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.279	−0.702%	$118K	—	250x	as long as short
Ondo Perps XAG-USD.P	+0.0014%	1h	65.180	−0.853%	$5.6M	$9.7M	25x	as long as short
Variational Omni XAG	+0.0030%	4h	65.314	−0.650%	$5.5M	$9.2M	—	as long as short
Lighter RH XAG	+0.0032%	1h	65.295	−0.679%	$4.6M	$9.8M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.248	−0.750%	$5.1M	$11.6M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate XAG_USDT	+0.0032%	4h	65.330	−0.625%	$141.3M	$175.8M	100x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.002%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.340	−0.610%	$786K	$2.9M	40x	as long as short
Aster XAGUSDT	+0.0043%	4h	65.338	−0.613%	$2.7M	$978K	100x	as long as short
Vest SI-PERPlong	+0.0046%	1h	65.741	long leg	—	—	25x
Hotstuff SILVER-PERP	+0.0048%	1h	65.291	−0.685%	$35K	$21K	20x	as long as short
QFEX SILVER-USD	+0.0050%	1h	65.310	−0.656%	$152K	$1.4M	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.304	−0.665%	$3.8M	$854K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.280	−0.701%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0053%	8h	65.287	−0.691%	$29K	$1K	5x	as long as short
Binance XAGUSDT	+0.0056%	4h	65.320	−0.640%	$191.4M	$764.2M	100x	as long as short
MEXC SILVER_USDT	+0.0056%	4h	65.300	−0.671%	$116.7M	$155.9M	1000x	as long as short
RISEx XAG/USDC	+0.0061%	1h	65.332	−0.622%	$1.2M	$4.9M	20x	as long as short
Phoenix SILVERshort	+0.0061%	1h	65.274	−0.710%	$56K	$31K	25x
tradeXYZ xyz:SILVER	+0.0070%	1h	65.275	−0.709%	$170.4M	$83.1M	25x	as long as short
Aevo XAG-PERP	+0.0072%	1h	65.328	−0.629%	$47K	—	10x	as long as short
edgeX XAGUSDC	+0.0075%	4h	65.308	−0.659%	$665K	$314K	30x	as long as short
Kalshi KXSILVERPERP	+0.0079%	24h	65.291	−0.685%	$477K	$31.2M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	65.257	−0.737%	$468K	$621K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.280	−0.701%	$25.3M	$5.0M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.260	−0.732%	$112K	$19K	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0120%	1h	65.230	−0.777%	$1.6M	$1.4M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0142%	4h	65.325	−0.633%	$391K	$1.6M	25x	as long as short
Nado XAG-PERP	+0.0153%	1h	65.279	−0.702%	$1.2M	$5.1M	10x	as long as short
Hibachi XAG/USDT-P	+0.0160%	1h	65.265	−0.723%	$20K	$19K	10x	as long as short
Lighter XAG	+0.0168%	1h	65.316	−0.647%	$5.3M	$11.1M	25x	as long as short
Bitget XAGUSDT	+0.0170%	4h	65.300	−0.671%	$23.7M	$45.9M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0183%	8h	65.320	−0.640%	$28.1M	$70.9M	50x	as long as short
Bullet SILVER-USD	+0.0208%	1h	65.344	−0.603%	$44K	$75K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.330	−0.625%	$66K	$385K	20x	as long as short
Aftermath Perps XAGUSD	+0.0214%	1h	65.295	−0.679%	$78K	$37K	10x	as long as short
BloFin XAG-USDT	+0.0224%	4h	65.310	−0.656%	$2.6M	$598K	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.345	−0.602%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0493%	1h	65.314	−0.650%	$1.0M	$877K	25x	as long as short