Funding you earn now, next payment 19:00 UTC−0.0156%/8hnext payment −$0.19 per $10,000 · paid last 24h −0.044%
Price spread now: Phoenix against Coinbase International+0.285%72s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.111%−$11 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Phoenix is 0.285% dearer against Coinbase International than usual: you sell high and buy low (spread +0.285% now, against zero (this spread has no 7-day history yet)): +$28 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 6.1 days. At the pace of the last 7 days (−0.111% in total) that is about 18 days. The two prices were read 72 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 | Coinbase International SILVER-PERP-INTX | 66.040 | 0.0192 | pay 0.0024% / 1h | 21m 56s | $1.9M | $1.2M | 20x |
| Short | Phoenix SILVER | 66.228 | 0.0036 | get 0.0005% / 1h | 21m 56s | $56K | $26K | 25x |
Coinbase International SILVER-PERP-INTX
Phoenix SILVERFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Coinbase International. 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
- −$32.69
- Price spread: +0.285% → 0.000%
- $28.47
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$21.22
- Costs to cover
- 0.170%
- Break-even
- from the start
Slippage unknown: Coinbase International: 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Coinbase International live order book, 1 min ago | 0.75 bp | 8.5 bp −$8 | 9.0 bp −$90 | doesn't fit | doesn'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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps XAG-USD.P | −0.0062% | 1h | 66.150 | +0.167% | $6.2M | $8.8M | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 66.222 | +0.275% | $15K | $997 | 5x | as long as short |
| Hotstuff SILVER-PERP | 0.0000% | 1h | 66.232 | +0.291% | $35K | $21K | 20x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.250 | +0.318% | $133.4M | $192.3M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.260 | +0.333% | $2K | $3.5M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.300 | +0.394% | $1.1M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.260 | +0.333% | $1.5M | $258K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.210 | +0.258% | $120K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.240 | +0.303% | $4.7M | $9.4M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.189 | +0.225% | $5.4M | $14.9M | 10x | as long as short |
Ondo Perps XAG-USD.P
dYdX XAG-USD
Hotstuff SILVER-PERP
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Lighter RH XAG
Extended XAG-USDShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.545% | $11K | $94K | 52x | as long as short |
| Phoenix SILVERshort | +0.0036% | 1h | 66.228 | +0.285% | $56K | $26K | 25x | |
| Kalshi KXSILVERPERP | +0.0040% | 24h | 66.238 | +0.300% | $691K | $21.6M | 8.1x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 66.190 | +0.227% | $700K | $2.7M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.716 | +1.024% | — | — | 25x | as long as short |
| tradeXYZ xyz:SILVER | +0.0050% | 1h | 66.223 | +0.277% | $161.8M | $94.9M | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.231 | +0.289% | $3.9M | $740K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.205 | +0.250% | $4K | $5K | 20x | as long as short |
| QFEX SILVER-USD | +0.0052% | 1h | 66.250 | +0.318% | $134K | $2.8M | 20x | as long as short |
| BloFin XAG-USDT | +0.0063% | 4h | 66.230 | +0.288% | $2.6M | $1.4M | 100x | as long as short |
| Paradex XAG-USD-PERP | +0.0077% | 8h | 66.260 | +0.333% | $30K | $1K | 5x | as long as short |
| Aster XAGUSDT | +0.0096% | 4h | 66.258 | +0.330% | $2.8M | $1.2M | 100x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.217 | +0.268% | $474K | $701K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.200 | +0.242% | $24.1M | $4.6M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.210 | +0.257% | $113K | $88K | 50x | as long as short |
| Lighter XAG | +0.0104% | 1h | 66.242 | +0.306% | $5.5M | $10.7M | 25x | as long as short |
| Variational Omni XAG | +0.0118% | 4h | 66.215 | +0.264% | $5.6M | $12.6M | — | as long as short |
| MEXC SILVER_USDT | +0.0120% | 4h | 66.240 | +0.303% | $123.9M | $188.0M | 1000x | as long as short |
| Aevo XAG-PERP | +0.0120% | 1h | 66.263 | +0.338% | $48K | — | 10x | as long as short |
| Binance XAGUSDT | +0.0122% | 4h | 66.246 | +0.312% | $191.8M | $787.6M | 100x | as long as short |
| edgeX XAGUSDC | +0.0140% | 4h | 66.232 | +0.291% | $670K | $313K | 30x | as long as short |
| Bybit XAGUSDT | +0.0156% | 4h | 66.250 | +0.318% | $25.2M | $37.7M | 150x | as long as short |
| RISEx XAG/USDC | +0.0161% | 1h | 66.270 | +0.348% | $1.4M | $4.3M | 20x | as long as short |
| Nado XAG-PERP | +0.0166% | 1h | 66.218 | +0.270% | $1.3M | $6.5M | 10x | as long as short |
| OKX XAG-USDT-SWAP | +0.0167% | 8h | 66.250 | +0.318% | $27.4M | $67.8M | 50x | as long as short |
| Bullet SILVER-USD | +0.0174% | 1h | 66.273 | +0.352% | $45K | $77K | 10x | as long as short |
| Aftermath Perps XAGUSD | +0.0180% | 1h | 66.188 | +0.224% | $80K | $39K | 10x | as long as short |
| Coinbase International SILVER-PERP-INTXlong | +0.0192% | 1h | 66.040 | long leg | $1.9M | $1.2M | 20x | |
| Deribit SILVER_USDC-PERPETUAL | +0.0203% | 1h | 66.250 | +0.318% | $88K | $501K | 20x | as long as short |
| GRVT XAG_USDT_Perp | +0.0214% | 4h | 66.260 | +0.333% | $398K | $1.7M | 25x | as long as short |
| Hibachi XAG/USDT-P | +0.0248% | 1h | 66.202 | +0.245% | $20K | $21K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0277% / S −0.0261% | 1h | 66.265 | +0.341% | $103K | — | 111x | as long as short |
| Bitget XAGUSDT | +0.0284% | 4h | 66.240 | +0.303% | $23.4M | $50.7M | 100x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0421% | 1h | 66.238 | +0.300% | $779K | $644K | 25x | as long as short |
Injective XAG/USDC PERP
Kalshi KXSILVERPERP
StandX XAG-USD
Vest SI-PERP
tradeXYZ xyz:SILVER
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
QFEX SILVER-USD
BloFin XAG-USDT
Paradex XAG-USD-PERP
Aster XAGUSDT
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Lighter XAG
Variational Omni XAG
MEXC SILVER_USDT
Aevo XAG-PERP
Binance XAGUSDT
edgeX XAGUSDC
Bybit XAGUSDT
RISEx XAG/USDC
Nado XAG-PERP
OKX XAG-USDT-SWAP
Bullet SILVER-USD
Aftermath Perps XAGUSD
Deribit SILVER_USDC-PERPETUAL
GRVT XAG_USDT_Perp
Hibachi XAG/USDT-P
GMX SILVER/USD [ETH-USDC]
Bitget XAGUSDT
Kraken Futures PF_XAGUSD