XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0080%/8h= +8.8% APRnext payment +$0.10 per $10,000 · paid last 24h +0.021%

Price spread now: Aevo against Phoenix−0.086%66s7-day average — · you buy dearer than you sell

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

Long on Phoenix Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. Aevo is 0.086% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.086% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 3.6 days of funding at the current rate (+$2 a day). The two prices were read 66 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	Phoenix SILVER	66.507	0.0048	pay 0.0006% / 1h	57m 58s	$56K	$26K	25x
Short	Aevo XAG-PERP	66.450	0.0128	get 0.0016% / 1h	57m 58s	$48K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Phoenix. 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 PhoenixbpFee AevobpOrdersPrice spread, now −0.086%Rate

Funding earned: $16.8
Price spread: −0.086% → 0.000%: −$8.62
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$14.83
Costs to cover: 0.230%
Break-even: 13.2 days

Slippage unknown: Phoenix: no order-book sample; Aevo: 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 Phoenix no order-book sample	—	—	—	—	—
Sell Aevo no order-book sample	—	—	—	—	—

Phoenix and Aevo: 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	66.402	−0.157%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.420	−0.131%	$25.9M	$35.7M	150x	as long as short
Hotstuff SILVER-PERP	0.0000%	1h	66.425	−0.123%	$35K	$21K	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.400	−0.161%	$154.1M	$159.6M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.460	−0.071%	$2K	$2.9M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.520	+0.020%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.450	−0.086%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.409	−0.148%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.410	−0.145%	$4.8M	$9.3M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.340	−0.251%	$5.4M	$12.5M	10x	as long as short

Show 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	−0.161%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.470	−0.056%	$800K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.906	+0.600%	—	—	25x	as long as short
Phoenix SILVERlong	+0.0048%	1h	66.507	long leg	$56K	$26K	25x
Polymarket Perps SILVER-USD	+0.0050%	1h	66.431	−0.114%	$3.9M	$700K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.385	−0.183%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.360	−0.221%	$5.7M	$9.5M	25x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.420	−0.131%	$115K	$2.8M	20x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.411	−0.144%	$548K	$23.0M	8.1x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.450	−0.086%	$1.2M	$4.3M	20x	as long as short
Aster XAGUSDT	+0.0095%	4h	66.415	−0.139%	$2.8M	$1.0M	100x	as long as short
Pacifica XAG	+0.0100%	1h	66.412	−0.142%	$473K	$611K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.420	−0.131%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.530	+0.035%	$127K	$24K	50x	as long as short
tradeXYZ xyz:SILVER	+0.0103%	1h	66.344	−0.245%	$165.5M	$85.1M	25x	as long as short
Variational Omni XAG	+0.0108%	4h	66.543	+0.055%	$5.6M	$9.8M	—	as long as short
Paradex XAG-USD-PERP	+0.0112%	8h	66.429	−0.117%	$30K	$1K	5x	as long as short
edgeX XAGUSDC	+0.0123%	4h	66.552	+0.068%	$675K	$315K	30x	as long as short
MEXC SILVER_USDT	+0.0124%	4h	66.410	−0.146%	$107.5M	$155.9M	1000x	as long as short
Binance XAGUSDT	+0.0125%	4h	66.420	−0.131%	$193.2M	$716.3M	100x	as long as short
Aevo XAG-PERPshort	+0.0128%	1h	66.450	−0.086%	$48K	—	10x
Lighter XAG	+0.0160%	1h	66.399	−0.163%	$5.3M	$10.4M	25x	as long as short
BloFin XAG-USDT	+0.0169%	4h	66.450	−0.086%	$2.6M	$686K	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.410	−0.146%	$1.9M	$960K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0194%	8h	66.410	−0.146%	$27.9M	$66.6M	50x	as long as short
GRVT XAG_USDT_Perp	+0.0194%	4h	66.551	+0.066%	$402K	$1.5M	25x	as long as short
Bitget XAGUSDT	+0.0198%	4h	66.390	−0.176%	$24.5M	$46.5M	100x	as long as short
Aftermath Perps XAGUSD	+0.0204%	1h	66.460	−0.071%	$80K	$39K	10x	as long as short
Nado XAG-PERP	+0.0243%	1h	66.420	−0.130%	$1.3M	$6.5M	10x	as long as short
Bullet SILVER-USD	+0.0266%	1h	66.474	−0.050%	$45K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.475	−0.048%	$103K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0296%	1h	66.371	−0.205%	$20K	$22K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0352%	1h	66.440	−0.101%	$50K	$331K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0462%	1h	66.425	−0.123%	$766K	$552K	25x	as long as short