Funding you earn now, next payment 03:00 UTC+0.0196%/8h= +21.4% APRpaid last 24h +0.051%
Price spread now: Bitget against Phoenix−0.012%109s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.015%−$1 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$6 a day on $10k at the current rate. The two prices were read 109 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.015% in total (about -0.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix SILVER | 66.108 | 0.0060 | pay 0.0008% / 1h | 13m 37s | $56K | $26K | 25x |
| Short | Bitget XAGUSDT | 66.100 | 0.0256 | get 0.0128% / 4h | 13m 37s | $23.8M | $45.4M | 100x |
Phoenix SILVER
Bitget XAGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $41.06
- Price spread: −0.012% → 0.000%
- −$1.21
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $20.85
- Costs to cover
- 0.190%
- Break-even
- 3.4 days
Slippage unknown: Phoenix: no order-book sample; Bitget: live order book, 5 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 Bitget live order book, 5 min ago | 0.76 bp | 8.3 bp −$8 | 9.8 bp −$98 | 15.8 bp −$1,582 | 45.0 bp −$22.5K |
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 | 66.018 | −0.136% | $15K | — | 5x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.110 | +0.003% | $150.1M | $163.7M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.120 | +0.018% | $2K | $2.7M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.150 | +0.064% | $1.0M | $970K | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.110 | +0.003% | $1.5M | $317K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.031 | −0.116% | $120K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.079 | −0.044% | $4.8M | $9.6M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.026 | −0.123% | $5.2M | $11.6M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.442% | $11K | $94K | 52x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 66.170 | +0.094% | $796K | $3.1M | 40x | as long as short |
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 PERP
StandX XAG-USDShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps XAG-USD.P | +0.0042% | 1h | 65.980 | −0.194% | $5.7M | $9.6M | 25x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.533 | +0.643% | — | — | 25x | as long as short |
| Hotstuff SILVER-PERP | +0.0048% | 1h | 66.086 | −0.033% | $35K | $21K | 20x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.083 | −0.038% | $3.9M | $672K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.018 | −0.136% | $3K | $6K | 20x | as long as short |
| QFEX SILVER-USD | +0.0054% | 1h | 66.090 | −0.027% | $115K | $2.7M | 20x | as long as short |
| Phoenix SILVERlong | +0.0060% | 1h | 66.108 | long leg | $56K | $26K | 25x | |
| Kalshi KXSILVERPERP | +0.0071% | 24h | 66.063 | −0.068% | $546K | $25.4M | 8.1x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.041 | −0.101% | $470K | $615K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.070 | −0.057% | $24.5M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.120 | +0.018% | $113K | $30K | 50x | as long as short |
| tradeXYZ xyz:SILVER | +0.0125% | 1h | 66.063 | −0.068% | $165.8M | $74.3M | 25x | as long as short |
| RISEx XAG/USDC | +0.0137% | 1h | 66.096 | −0.018% | $1.3M | $4.5M | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0140% | 8h | 66.092 | −0.024% | $30K | $1K | 5x | as long as short |
| Aster XAGUSDT | +0.0143% | 4h | 66.090 | −0.027% | $2.7M | $881K | 100x | as long as short |
| Bybit XAGUSDT | +0.0164% | 4h | 66.120 | +0.018% | $27.1M | $36.2M | 150x | as long as short |
| Lighter XAG | +0.0176% | 1h | 66.087 | −0.032% | $5.2M | $10.7M | 25x | as long as short |
| Aevo XAG-PERP | +0.0192% | 1h | 66.087 | −0.031% | $47K | — | 10x | as long as short |
| BloFin XAG-USDT | +0.0195% | 4h | 66.120 | +0.018% | $2.6M | $554K | 100x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0200% | 1h | 66.170 | +0.094% | $1.8M | $1.0M | 20x | as long as short |
| Variational Omni XAG | +0.0203% | 4h | 66.163 | +0.084% | $5.6M | $9.5M | — | as long as short |
| Nado XAG-PERP | +0.0209% | 1h | 66.065 | −0.065% | $1.4M | $6.4M | 10x | as long as short |
| MEXC SILVER_USDT | +0.0210% | 4h | 66.090 | −0.027% | $110.4M | $152.9M | 1000x | as long as short |
| Binance XAGUSDT | +0.0211% | 4h | 66.102 | −0.010% | $192.4M | $700.5M | 100x | as long as short |
| Aftermath Perps XAGUSD | +0.0220% | 1h | 66.081 | −0.041% | $80K | $36K | 10x | as long as short |
| edgeX XAGUSDC | +0.0222% | 4h | 66.092 | −0.024% | $671K | $313K | 30x | as long as short |
| OKX XAG-USDT-SWAP | +0.0233% | 8h | 66.100 | −0.012% | $27.7M | $65.0M | 50x | as long as short |
| Bitget XAGUSDTshort | +0.0256% | 4h | 66.100 | −0.012% | $23.8M | $45.4M | 100x | |
| GRVT XAG_USDT_Perp | +0.0276% | 4h | 66.174 | +0.099% | $389K | $1.5M | 25x | as long as short |
| Bullet SILVER-USD | +0.0286% | 1h | 66.108 | 0.000% | $44K | $76K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0356% | 1h | 66.070 | −0.057% | $62K | $349K | 20x | as long as short |
| Hibachi XAG/USDT-P | +0.0376% | 1h | 66.045 | −0.096% | $20K | $19K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0383% / S −0.0424% | 1h | 66.105 | −0.005% | $103K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0485% | 1h | 66.070 | −0.057% | $912K | $683K | 25x | as long as short |
Ondo Perps XAG-USD.P
Vest SI-PERP
Hotstuff SILVER-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
QFEX SILVER-USD
Kalshi KXSILVERPERP
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
tradeXYZ xyz:SILVER
RISEx XAG/USDC
Paradex XAG-USD-PERP
Aster XAGUSDT
Bybit XAGUSDT
Lighter XAG
Aevo XAG-PERP
BloFin XAG-USDT
Coinbase International SILVER-PERP-INTX
Variational Omni XAG
Nado XAG-PERP
MEXC SILVER_USDT
Binance XAGUSDT
Aftermath Perps XAGUSD
edgeX XAGUSDC
OKX XAG-USDT-SWAP
GRVT XAG_USDT_Perp
Bullet SILVER-USD
Deribit SILVER_USDC-PERPETUAL
Hibachi XAG/USDT-P
GMX SILVER/USD [ETH-USDC]
Kraken Futures PF_XAGUSD