Funding you earn now, next payment 00:00 UTC+0.0141%/8h= +15.4% APRpaid last 24h +0.031%
Price spread now: OKX against Phoenix+0.085%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.061%−$6 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and OKX is 0.085% dearer against Phoenix than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.061%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix SILVER | 66.733 | 0.0048 | pay 0.0006% / 1h | 45m 27s | $57K | $26K | 25x |
| Short | OKX XAG-USDT-SWAP | 66.790 | 0.0189 | get 0.0189% / 8h | 7h 45m | $28.2M | $67.4M | 50x |
Phoenix SILVER
OKX XAG-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $29.52
- Price spread: +0.085% → 0.000%
- $8.54
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $21.06
- Costs to cover
- 0.170%
- Break-even
- 2.0 days
Slippage unknown: Phoenix: no order-book sample; OKX: live order book, 3 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 OKX live order book, 3 min ago | 0.75 bp | 5.7 bp −$6 | 6.6 bp −$66 | 12.5 bp −$1,249 | 119.0 bp −$59.5K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff SILVER-PERP | −0.0032% | 1h | 66.754 | +0.031% | $36K | $21K | 20x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 66.743 | +0.015% | $15K | — | 5x | as long as short |
| Bybit XAGUSDT | 0.0000% | 4h | 66.800 | +0.100% | $26.1M | $35.3M | 150x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.800 | +0.100% | $2K | $3.0M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.810 | +0.115% | $1.1M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.790 | +0.085% | $1.5M | $252K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.735 | +0.003% | $121K | — | 250x | as long as short |
| Gate XAG_USDT | +0.0004% | 4h | 66.800 | +0.100% | $155.6M | $166.2M | 100x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.787 | +0.081% | $4.8M | $9.5M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.742 | +0.013% | $5.4M | $13.2M | 10x | as long as short |
Hotstuff SILVER-PERP
dYdX XAG-USD
Bybit XAGUSDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Gate XAG_USDT
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 | −0.499% | $11K | $94K | 52x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 66.750 | +0.025% | $803K | $2.7M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 67.235 | +0.752% | — | — | 25x | as long as short |
| Phoenix SILVERlong | +0.0048% | 1h | 66.733 | long leg | $57K | $26K | 25x | |
| tradeXYZ xyz:SILVER | +0.0050% | 1h | 66.749 | +0.024% | $166.1M | $86.2M | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.763 | +0.045% | $3.9M | $700K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.739 | +0.009% | $4K | $5K | 20x | as long as short |
| Ondo Perps XAG-USD.P | +0.0050% | 1h | 66.700 | −0.049% | $5.7M | $9.8M | 25x | as long as short |
| QFEX SILVER-USD | +0.0051% | 1h | 66.780 | +0.070% | $115K | $2.8M | 20x | as long as short |
| Kalshi KXSILVERPERP | +0.0060% | 24h | 66.747 | +0.021% | $573K | $21.9M | 8.1x | as long as short |
| BloFin XAG-USDT | +0.0060% | 4h | 66.810 | +0.115% | $2.6M | $692K | 100x | as long as short |
| Lighter XAG | +0.0072% | 1h | 66.791 | +0.087% | $5.4M | $10.4M | 25x | as long as short |
| Paradex XAG-USD-PERP | +0.0087% | 8h | 66.790 | +0.086% | $30K | $1K | 5x | as long as short |
| Variational Omni XAG | +0.0092% | 4h | 66.785 | +0.077% | $5.6M | $9.9M | — | as long as short |
| Aster XAGUSDT | +0.0098% | 4h | 66.798 | +0.098% | $2.8M | $1.1M | 100x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.744 | +0.017% | $476K | $629K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.760 | +0.040% | $24.7M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.780 | +0.070% | $127K | $26K | 50x | as long as short |
| Binance XAGUSDT | +0.0102% | 4h | 66.803 | +0.105% | $191.9M | $725.0M | 100x | as long as short |
| MEXC SILVER_USDT | +0.0102% | 4h | 66.790 | +0.085% | $108.6M | $157.0M | 1000x | as long as short |
| Aevo XAG-PERP | +0.0104% | 1h | 66.783 | +0.075% | $48K | — | 10x | as long as short |
| edgeX XAGUSDC | +0.0114% | 4h | 66.841 | +0.162% | $678K | $315K | 30x | as long as short |
| GRVT XAG_USDT_Perp | +0.0118% | 4h | 66.810 | +0.115% | $397K | $1.5M | 25x | as long as short |
| Nado XAG-PERP | +0.0136% | 1h | 66.757 | +0.036% | $1.3M | $6.5M | 10x | as long as short |
| RISEx XAG/USDC | +0.0148% | 1h | 66.803 | +0.104% | $1.3M | $4.2M | 20x | as long as short |
| Bitget XAGUSDT | +0.0164% | 4h | 66.800 | +0.100% | $24.8M | $48.6M | 100x | as long as short |
| Aftermath Perps XAGUSD | +0.0175% | 1h | 66.776 | +0.065% | $80K | $40K | 10x | as long as short |
| Bullet SILVER-USD | +0.0183% | 1h | 66.794 | +0.091% | $45K | $75K | 10x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0184% | 1h | 66.780 | +0.070% | $1.9M | $967K | 20x | as long as short |
| OKX XAG-USDT-SWAPshort | +0.0189% | 8h | 66.790 | +0.085% | $28.2M | $67.4M | 50x | |
| Hibachi XAG/USDT-P | +0.0224% | 1h | 66.746 | +0.019% | $20K | $22K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0291% / S −0.0281% | 1h | 66.795 | +0.093% | $104K | — | 111x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0349% | 1h | 66.790 | +0.085% | $51K | $344K | 20x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0487% | 1h | 66.761 | +0.042% | $766K | $589K | 25x | as long as short |
Injective XAG/USDC PERP
StandX XAG-USD
Vest SI-PERP
tradeXYZ xyz:SILVER
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Ondo Perps XAG-USD.P
QFEX SILVER-USD
Kalshi KXSILVERPERP
BloFin XAG-USDT
Lighter XAG
Paradex XAG-USD-PERP
Variational Omni XAG
Aster XAGUSDT
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Binance XAGUSDT
MEXC SILVER_USDT
Aevo XAG-PERP
edgeX XAGUSDC
GRVT XAG_USDT_Perp
Nado XAG-PERP
RISEx XAG/USDC
Bitget XAGUSDT
Aftermath Perps XAGUSD
Bullet SILVER-USD
Coinbase International SILVER-PERP-INTX
Hibachi XAG/USDT-P
GMX SILVER/USD [ETH-USDC]
Deribit SILVER_USDC-PERPETUAL
Kraken Futures PF_XAGUSD