XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0011%/8h= +1.2% APRnext payment +$0.01 per $10,000 · paid last 24h −0.005%

Price spread now: Phoenix against Polymarket Perps−0.125%59s7-day average — · you buy dearer than you sell

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

Long on Polymarket Perps Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.033%+$3 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. Phoenix is 0.125% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.125% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 37 days of funding at the current rate ($0 a day). The two prices were read 59 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	Polymarket Perps SILVER-USD	65.363	0.0050	pay 0.0006% / 1h	48m 25s	$3.8M	$856K	20x
Short	Phoenix SILVER	65.281	0.0061	get 0.0008% / 1h	48m 25s	$56K	$31K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Polymarket 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 Polymarket PerpsbpFee PhoenixbpOrdersPrice spread, now −0.125%Rate

Funding earned: $2.37
Price spread: −0.125% → 0.000%: −$12.55
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$25.18
Costs to cover: 0.150%
Break-even: 81.4 days

Slippage unknown: Polymarket Perps: live order book, 6 min ago; 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 Polymarket Perps live order book, 6 min ago	1.23 bp	5.3 bp −$5	5.4 bp −$54	7.3 bp −$734	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

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
Ondo Perps XAG-USD.P	−0.0047%	1h	65.280	−0.127%	$5.6M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.287	−0.116%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.410	+0.072%	$27.8M	$39.6M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.350	−0.020%	$2K	$2.5M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.360	−0.005%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.350	−0.020%	$1.5M	$281K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.289	−0.113%	$118K	—	250x	as long as short
Variational Omni XAG	+0.0016%	4h	65.312	−0.078%	$5.5M	$9.1M	—	as long as short
Aster XAGUSDT	+0.0030%	4h	65.390	+0.041%	$2.7M	$951K	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.389	+0.040%	$4.6M	$9.7M	25x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XAG-USD	+0.0032%	1h	65.334	−0.045%	$5.1M	$11.6M	10x	as long as short
Gate XAG_USDT	+0.0032%	4h	65.410	+0.072%	$141.3M	$176.8M	100x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.587%	$11K	$94K	52x	as long as short
MEXC SILVER_USDT	+0.0040%	4h	65.390	+0.041%	$117.4M	$157.0M	1000x	as long as short
StandX XAG-USD	+0.0040%	1h	65.310	−0.081%	$786K	$2.9M	40x	as long as short
Binance XAGUSDT	+0.0041%	4h	65.400	+0.057%	$191.8M	$761.1M	100x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.390	+0.041%	$152K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.794	+0.659%	—	—	25x	as long as short
Polymarket Perps SILVER-USDlong	+0.0050%	1h	65.363	long leg	$3.8M	$856K	20x
SoDEX SILVER-USD	+0.0050%	1h	65.285	−0.119%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0053%	8h	65.369	+0.009%	$29K	$1K	5x	as long as short
Aevo XAG-PERP	+0.0056%	1h	65.322	−0.063%	$47K	—	10x	as long as short
edgeX XAGUSDC	+0.0057%	4h	65.317	−0.071%	$665K	$313K	30x	as long as short
Phoenix SILVERshort	+0.0061%	1h	65.281	−0.125%	$56K	$31K	25x
tradeXYZ xyz:SILVER	+0.0077%	1h	65.356	−0.011%	$169.8M	$81.6M	25x	as long as short
Kalshi KXSILVERPERP	+0.0079%	24h	65.283	−0.122%	$480K	$31.8M	8.1x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	65.360	−0.005%	$1.6M	$1.4M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.329	−0.052%	$469K	$612K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.350	−0.020%	$25.3M	$5.0M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.260	−0.158%	$112K	$19K	50x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.409	+0.070%	$1.2M	$4.9M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0134%	4h	65.317	−0.071%	$384K	$1.6M	25x	as long as short
BloFin XAG-USDT	+0.0164%	4h	65.360	−0.005%	$2.7M	$583K	100x	as long as short
Bitget XAGUSDT	+0.0166%	4h	65.400	+0.057%	$23.7M	$45.4M	100x	as long as short
Nado XAG-PERP	+0.0166%	1h	65.355	−0.013%	$1.2M	$4.8M	10x	as long as short
Lighter XAG	+0.0168%	1h	65.396	+0.050%	$5.3M	$11.1M	25x	as long as short
Hibachi XAG/USDT-P	+0.0168%	1h	65.300	−0.096%	$20K	$17K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0176%	8h	65.390	+0.041%	$28.1M	$70.6M	50x	as long as short
Hotstuff SILVER-PERP	+0.0192%	1h	65.332	−0.047%	$35K	$21K	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.330	−0.050%	$65K	$387K	20x	as long as short
Aftermath Perps XAGUSD	+0.0210%	1h	65.319	−0.068%	$78K	$37K	10x	as long as short
Bullet SILVER-USD	+0.0227%	1h	65.351	−0.018%	$45K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.355	−0.012%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0363%	1h	65.306	−0.087%	$1.0M	$872K	25x	as long as short