XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0060%/8h= +6.6% APRnext payment +$0.08 per $10,000 · paid last 24h +0.017%

Price spread now: Phoenix against Ondo Perps−0.362%7-day average — · you buy dearer than you sell

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

Long on Ondo Perps Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.144%+$14 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

Funding pays, the price is against you. Phoenix is 0.362% cheaper against Ondo Perps than usual: you would sell low and buy high (spread −0.362% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$36 on $10k: about 20 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps XAG-USD.P	64.850	0.0050	pay 0.0006% / 1h	20m 46s	$5.6M	$10.0M	25x
Short	Phoenix SILVER	64.615	0.0111	get 0.0014% / 1h	20m 46s	$55K	$31K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Ondo Perps. 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 Ondo PerpsbpFee PhoenixbpOrdersPrice spread, now −0.362%Rate

Funding earned: $12.69
Price spread: −0.362% → 0.000%: −$36.24
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$35.55
Costs to cover: 0.120%
Break-even: 26.6 days

Slippage unknown: Ondo Perps: 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Phoenix no order-book sample	—	—	—	—	—

Ondo Perps 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	64.859	+0.013%	$12K	$6K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.010	+0.247%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.010	+0.247%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.020	+0.262%	$1.5M	$346K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	64.861	+0.017%	$117K	—	250x	as long as short
Gate XAG_USDT	+0.0012%	4h	65.010	+0.247%	$138.7M	$187.8M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.020	+0.262%	$4.6M	$9.9M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	64.957	+0.165%	$5.0M	$12.0M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	64.602	−0.382%	$11K	$240	52x	as long as short
StandX XAG-USD	+0.0040%	1h	64.930	+0.123%	$781K	$3.0M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SI-PERP	+0.0046%	1h	65.369	+0.800%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0047%	1h	64.950	+0.154%	$446K	$1.5M	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	64.933	+0.128%	$3.8M	$890K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	64.948	+0.151%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.Plong	+0.0050%	1h	64.850	long leg	$5.6M	$10.0M	25x
Variational Omni XAG	+0.0065%	4h	65.026	+0.271%	$5.4M	$9.2M	—	as long as short
edgeX XAGUSDC	+0.0071%	4h	64.801	−0.076%	$660K	$314K	30x	as long as short
Paradex XAG-USD-PERP	+0.0075%	8h	64.937	+0.134%	$29K	$166	5x	as long as short
MEXC SILVER_USDT	+0.0078%	4h	65.030	+0.278%	$123.4M	$160.2M	1000x	as long as short
Aevo XAG-PERP	+0.0080%	1h	65.007	+0.242%	$47K	—	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0080%	1h	64.840	−0.015%	$1.6M	$1.5M	20x	as long as short
Kalshi KXSILVERPERP	+0.0087%	24h	64.950	+0.154%	$489K	$35.1M	8.1x	as long as short
Binance XAGUSDT	+0.0096%	4h	64.990	+0.216%	$198.2M	$788.5M	100x	as long as short
Pacifica XAG	+0.0100%	1h	64.882	+0.049%	$463K	$591K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.000	+0.231%	$25.1M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	64.750	−0.154%	$111K	$19K	50x	as long as short
Aster XAGUSDT	+0.0102%	4h	65.020	+0.262%	$2.6M	$1.0M	100x	as long as short
Phoenix SILVERshort	+0.0111%	1h	64.615	−0.362%	$55K	$31K	25x
Hotstuff SILVER-PERP	+0.0128%	1h	64.913	+0.097%	$35K	$21K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0136%	1h	64.998	+0.228%	$173.3M	$88.9M	25x	as long as short
RISEx XAG/USDC	+0.0158%	1h	64.929	+0.122%	$1.2M	$4.9M	20x	as long as short
Nado XAG-PERP	+0.0165%	1h	64.885	+0.054%	$1.2M	$4.2M	10x	as long as short
OKX XAG-USDT-SWAP	+0.0209%	8h	65.010	+0.247%	$29.0M	$75.9M	50x	as long as short
Bitget XAGUSDT	+0.0216%	4h	65.000	+0.231%	$22.8M	$48.1M	100x	as long as short
Aftermath Perps XAGUSD	+0.0218%	1h	64.798	−0.081%	$78K	$37K	10x	as long as short
Lighter XAG	+0.0232%	1h	65.013	+0.252%	$5.2M	$11.3M	25x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0237% / S −0.0196%	1h	65.035	+0.285%	$92K	—	111x	as long as short
GRVT XAG_USDT_Perp	+0.0298%	4h	64.847	−0.005%	$386K	$1.6M	25x	as long as short
Bullet SILVER-USD	+0.0310%	1h	65.001	+0.233%	$45K	$75K	10x	as long as short
BloFin XAG-USDT	+0.0336%	4h	64.980	+0.200%	$2.7M	$697K	100x	as long as short
Bybit XAGUSDT	+0.0366%	4h	65.020	+0.262%	$30.2M	$43.7M	150x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0366%	1h	64.990	+0.216%	$76K	$435K	20x	as long as short
Hibachi XAG/USDT-P	+0.0368%	1h	64.890	+0.062%	$20K	$15K	10x	as long as short
Kraken Futures PF_XAGUSD	+0.0419%	1h	64.975	+0.192%	$1.0M	$894K	25x	as long as short