Funding you earn now, next payment 10:00 UTC−0.0102%/8h= −11.2% APRpaid last 24h −0.049%
Price spread now: Phoenix against Bitget−0.219%69s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.002%$0 on $10k
+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 −$3 a day on $10k at the current rate, and Phoenix is 0.219% cheaper against Bitget than usual: you would sell low and buy high (−$22 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 69 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 | Bitget XAGUSDT | 65.810 | 0.0224 | pay 0.0112% / 4h | 1h 04m | $23.1M | $53.1M | 100x |
| Short | Phoenix SILVER | 65.666 | 0.0122 | get 0.0015% / 1h | 4m 23s | $55K | $14K | 25x |
Bitget XAGUSDT
Phoenix SILVERFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Bitget. 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
- −$21.47
- Price spread: −0.219% → 0.000%
- −$21.88
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$62.36
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Bitget: live order book, 3 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 Bitget live order book, 3 min ago | 0.76 bp | 6.8 bp −$7 | 9.3 bp −$93 | 17.6 bp −$1,757 | 34.3 bp −$17.1K |
| 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 | −3.2000% | 1h | 65.769 | −0.062% | $39K | $26K | 20x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.705 | −0.159% | $13K | $8K | 5x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 65.820 | +0.015% | $137.5M | $207.2M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.800 | −0.015% | $2K | $2.4M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.820 | +0.015% | $1.1M | $1.3M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.780 | −0.046% | $1.5M | $257K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.745 | −0.099% | $119K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.811 | +0.001% | $4.6M | $9.9M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.755 | −0.083% | $5.1M | $11.9M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 64.602 | −1.836% | $11K | $240 | 52x | 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
Lighter RH XAG
Extended XAG-USD
Injective XAG/USDC PERPShow all 44 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX XAG-USD | +0.0040% | 1h | 65.760 | −0.076% | $791K | $3.0M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.235 | +0.646% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.794 | −0.024% | $3.8M | $905K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.717 | −0.141% | $3K | $6K | 20x | as long as short |
| Ondo Perps XAG-USD.P | +0.0050% | 1h | 65.710 | −0.152% | $5.7M | $11.2M | 25x | as long as short |
| QFEX SILVER-USD | +0.0051% | 1h | 65.790 | −0.030% | $448K | $1.4M | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0053% | 8h | 65.797 | −0.019% | $29K | — | 5x | as long as short |
| Bybit XAGUSDT | +0.0055% | 4h | 65.810 | 0.000% | $30.5M | $48.3M | 150x | as long as short |
| Variational Omni XAG | +0.0064% | 4h | 65.778 | −0.049% | $5.6M | $9.0M | — | as long as short |
| Aster XAGUSDT | +0.0082% | 4h | 65.816 | +0.009% | $2.7M | $1.2M | 100x | as long as short |
| tradeXYZ xyz:SILVER | +0.0088% | 1h | 65.777 | −0.050% | $176.2M | $92.8M | 25x | as long as short |
| Binance XAGUSDT | +0.0088% | 4h | 65.810 | 0.000% | $191.3M | $864.6M | 100x | as long as short |
| MEXC SILVER_USDT | +0.0088% | 4h | 65.800 | −0.015% | $117.4M | $166.9M | 1000x | as long as short |
| Aevo XAG-PERP | +0.0096% | 1h | 65.793 | −0.025% | $47K | — | 10x | as long as short |
| edgeX XAGUSDC | +0.0097% | 4h | 65.765 | −0.069% | $670K | $314K | 30x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.759 | −0.078% | $465K | $523K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.780 | −0.046% | $25.4M | $4.4M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.720 | −0.137% | $112K | $19K | 50x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0104% | 1h | 65.620 | −0.289% | $1.6M | $1.9M | 20x | as long as short |
| Kalshi KXSILVERPERP | +0.0106% | 24h | 65.781 | −0.044% | $779K | $39.2M | 8.1x | as long as short |
| GRVT XAG_USDT_Perp | +0.0110% | 4h | 65.769 | −0.062% | $391K | $1.6M | 25x | as long as short |
| RISEx XAG/USDC | +0.0116% | 1h | 65.810 | 0.000% | $1.3M | $5.4M | 20x | as long as short |
| Nado XAG-PERP | +0.0119% | 1h | 65.785 | −0.038% | $1.2M | $3.4M | 10x | as long as short |
| Phoenix SILVERshort | +0.0122% | 1h | 65.666 | −0.219% | $55K | $14K | 25x | |
| Lighter XAG | +0.0144% | 1h | 65.805 | −0.008% | $5.3M | $12.1M | 25x | as long as short |
| OKX XAG-USDT-SWAP | +0.0185% | 8h | 65.800 | −0.015% | $28.0M | $86.3M | 50x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0206% | 1h | 65.760 | −0.076% | $77K | $412K | 20x | as long as short |
| Aftermath Perps XAGUSD | +0.0222% | 1h | 65.737 | −0.111% | $79K | $37K | 10x | as long as short |
| Bitget XAGUSDTlong | +0.0224% | 4h | 65.810 | long leg | $23.1M | $53.1M | 100x | |
| Bullet SILVER-USD | +0.0230% | 1h | 65.820 | +0.015% | $45K | $73K | 10x | as long as short |
| Hibachi XAG/USDT-P | +0.0232% | 1h | 65.722 | −0.134% | $21K | $12K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0279% / S −0.0250% | 1h | 65.795 | −0.023% | $93K | — | 111x | as long as short |
| BloFin XAG-USDT | +0.0329% | 4h | 65.790 | −0.030% | $2.7M | $783K | 100x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0546% | 1h | 65.760 | −0.077% | $1.0M | $947K | 25x | as long as short |
StandX XAG-USD
Vest SI-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Ondo Perps XAG-USD.P
QFEX SILVER-USD
Paradex XAG-USD-PERP
Bybit XAGUSDT
Variational Omni XAG
Aster XAGUSDT
tradeXYZ xyz:SILVER
Binance XAGUSDT
MEXC SILVER_USDT
Aevo XAG-PERP
edgeX XAGUSDC
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Coinbase International SILVER-PERP-INTX
Kalshi KXSILVERPERP
GRVT XAG_USDT_Perp
RISEx XAG/USDC
Nado XAG-PERP
Lighter XAG
OKX XAG-USDT-SWAP
Deribit SILVER_USDC-PERPETUAL
Aftermath Perps XAGUSD
Bullet SILVER-USD
Hibachi XAG/USDT-P
GMX SILVER/USD [ETH-USDC]
BloFin XAG-USDT
Kraken Futures PF_XAGUSD