Funding you earn now, next payment 06:00 UTC+0.0037%/8h= +4.0% APRpaid last 24h +0.026%
Price spread now: Binance against Phoenix−0.150%85s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.066%−$7 on $10k
+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. Binance is 0.150% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.150% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 14 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.066%, so the current rate has only just turned in your favour. The two prices were read 85 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 | 65.561 | 0.0061 | pay 0.0008% / 1h | 52m 08s | $56K | $31K | 25x |
| Short | Binance XAGUSDT | 65.462 | 0.0098 | get 0.0049% / 4h | 1h 52m | $188.3M | $750.5M | 100x |
Phoenix SILVER
Binance XAGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Phoenix. 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
- $7.73
- Price spread: −0.150% → 0.000%
- −$15.04
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$24.31
- Costs to cover
- 0.170%
- Break-even
- 29.0 days
Slippage unknown: Phoenix: no order-book sample; Binance: live order book, 7 min ago. 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 Binance live order book, 7 min ago | 0.76 bp | 5.8 bp −$6 | 6.1 bp −$61 | 8.6 bp −$857 | 18.8 bp −$9,402 |
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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi XAG/USDT-P | −0.0112% | 1h | 65.440 | −0.185% | $20K | $19K | 10x | as long as short |
| Hotstuff SILVER-PERP | −0.0104% | 1h | 65.474 | −0.133% | $35K | $21K | 20x | as long as short |
| Ondo Perps XAG-USD.P | −0.0042% | 1h | 65.370 | −0.291% | $5.6M | $9.7M | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.471 | −0.138% | $12K | $5K | 5x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 65.490 | −0.108% | $2K | $2.6M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 65.510 | −0.078% | $1.1M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 65.500 | −0.093% | $1.5M | $281K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.431 | −0.199% | $118K | — | 250x | as long as short |
| Gate XAG_USDT | +0.0028% | 4h | 65.500 | −0.093% | $143.8M | $177.2M | 100x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 65.474 | −0.133% | $4.7M | $9.5M | 25x | as long as short |
Hibachi XAG/USDT-P
Hotstuff SILVER-PERP
Ondo Perps XAG-USD.P
dYdX XAG-USD
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Gate XAG_USDT
Lighter RH XAGShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended XAG-USD | +0.0032% | 1h | 65.435 | −0.192% | $5.1M | $11.6M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +1.280% | $11K | $94K | 52x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 65.480 | −0.124% | $788K | $3.0M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 65.918 | +0.545% | — | — | 25x | as long as short |
| QFEX SILVER-USD | +0.0050% | 1h | 65.490 | −0.108% | $152K | $2.8M | 20x | as long as short |
| tradeXYZ xyz:SILVER | +0.0050% | 1h | 65.451 | −0.168% | $170.7M | $83.0M | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 65.448 | −0.172% | $3.9M | $712K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 65.435 | −0.192% | $3K | $6K | 20x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0056% | 1h | 65.460 | −0.154% | $66K | $370K | 20x | as long as short |
| Bybit XAGUSDT | +0.0056% | 4h | 65.440 | −0.185% | $28.6M | $39.4M | 150x | as long as short |
| Aster XAGUSDT | +0.0057% | 4h | 65.470 | −0.139% | $2.7M | $955K | 100x | as long as short |
| Paradex XAG-USD-PERP | +0.0060% | 8h | 65.479 | −0.126% | $29K | $1K | 5x | as long as short |
| RISEx XAG/USDC | +0.0061% | 1h | 65.487 | −0.113% | $1.2M | $4.9M | 20x | as long as short |
| Phoenix SILVERlong | +0.0061% | 1h | 65.561 | long leg | $56K | $31K | 25x | |
| Kalshi KXSILVERPERP | +0.0077% | 24h | 65.450 | −0.169% | $467K | $29.2M | 8.1x | as long as short |
| Lighter XAG | +0.0096% | 1h | 65.481 | −0.122% | $5.4M | $11.2M | 25x | as long as short |
| Variational Omni XAG | +0.0096% | 4h | 65.634 | +0.111% | $5.5M | $9.4M | — | as long as short |
| Binance XAGUSDTshort | +0.0098% | 4h | 65.462 | −0.150% | $188.3M | $750.5M | 100x | |
| MEXC SILVER_USDT | +0.0098% | 4h | 65.470 | −0.139% | $113.5M | $156.4M | 1000x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 65.446 | −0.176% | $468K | $629K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 65.450 | −0.169% | $24.6M | $4.8M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.610 | +0.075% | $112K | $19K | 50x | as long as short |
| Aevo XAG-PERP | +0.0104% | 1h | 65.473 | −0.135% | $47K | — | 10x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0120% | 1h | 65.430 | −0.200% | $1.6M | $1.3M | 20x | as long as short |
| edgeX XAGUSDC | +0.0120% | 4h | 65.615 | +0.083% | $668K | $312K | 30x | as long as short |
| Nado XAG-PERP | +0.0121% | 1h | 65.465 | −0.147% | $1.2M | $5.5M | 10x | as long as short |
| GRVT XAG_USDT_Perp | +0.0142% | 4h | 65.554 | −0.010% | $395K | $1.6M | 25x | as long as short |
| Bullet SILVER-USD | +0.0169% | 1h | 65.499 | −0.095% | $44K | $76K | 10x | as long as short |
| Bitget XAGUSDT | +0.0196% | 4h | 65.480 | −0.124% | $23.8M | $46.4M | 100x | as long as short |
| OKX XAG-USDT-SWAP | +0.0199% | 8h | 65.450 | −0.169% | $27.7M | $70.7M | 50x | as long as short |
| Aftermath Perps XAGUSD | +0.0212% | 1h | 65.515 | −0.070% | $79K | $37K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0321% / S −0.0301% | 1h | 65.475 | −0.131% | $93K | — | 111x | as long as short |
| BloFin XAG-USDT | +0.0339% | 4h | 65.520 | −0.063% | $2.6M | $618K | 100x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0492% | 1h | 65.447 | −0.174% | $917K | $740K | 25x | as long as short |
Extended XAG-USD
Injective XAG/USDC PERP
StandX XAG-USD
Vest SI-PERP
QFEX SILVER-USD
tradeXYZ xyz:SILVER
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Deribit SILVER_USDC-PERPETUAL
Bybit XAGUSDT
Aster XAGUSDT
Paradex XAG-USD-PERP
RISEx XAG/USDC
Kalshi KXSILVERPERP
Lighter XAG
Variational Omni XAG
MEXC SILVER_USDT
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Aevo XAG-PERP
Coinbase International SILVER-PERP-INTX
edgeX XAGUSDC
Nado XAG-PERP
GRVT XAG_USDT_Perp
Bullet SILVER-USD
Bitget XAGUSDT
OKX XAG-USDT-SWAP
Aftermath Perps XAGUSD
GMX SILVER/USD [ETH-USDC]
BloFin XAG-USDT
Kraken Futures PF_XAGUSD