XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0003%/8h= −0.3% APRnext payment −$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: Phoenix against QFEX−0.026%52s7-day average — · you buy dearer than you sell

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

Long on QFEX Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phoenix is 0.026% cheaper against QFEX than usual: you would sell low and buy high, −$3 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 52 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	QFEX SILVER-USD	66.490	0.0051	pay 0.0006% / 1h	21m 48s	$115K	$2.8M	20x
Short	Phoenix SILVER	66.473	0.0048	get 0.0006% / 1h	21m 48s	$56K	$26K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against QFEX. 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 QFEXbpFee PhoenixbpOrdersPrice spread, now −0.026%Rate

Funding earned: −$0.55
Price spread: −0.026% → 0.000%: −$2.56
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$20.11
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: QFEX: 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 QFEX live order book, 6 min ago	2.26 bp	7.3 bp −$7	7.3 bp −$73	8.6 bp −$857	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
dYdX XAG-USD	0.0000%	1h	66.422	−0.102%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.500	+0.015%	$25.6M	$35.6M	150x	as long as short
Hotstuff SILVER-PERP	0.0000%	1h	66.485	−0.008%	$35K	$21K	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.490	0.000%	$154.9M	$168.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.490	0.000%	$2K	$3.0M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.510	+0.030%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.530	+0.060%	$1.5M	$252K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.419	−0.106%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.464	−0.039%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.415	−0.112%	$5.4M	$12.4M	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	−0.135%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.480	−0.015%	$800K	$2.7M	40x	as long as short
BloFin XAG-USDT	+0.0045%	4h	66.540	+0.075%	$2.6M	$709K	100x	as long as short
Vest SI-PERP	+0.0046%	1h	66.932	+0.665%	—	—	25x	as long as short
Phoenix SILVERshort	+0.0048%	1h	66.473	−0.026%	$56K	$26K	25x
Polymarket Perps SILVER-USD	+0.0050%	1h	66.461	−0.044%	$3.9M	$700K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.410	−0.120%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.390	−0.150%	$5.7M	$9.6M	25x	as long as short
QFEX SILVER-USDlong	+0.0051%	1h	66.490	long leg	$115K	$2.8M	20x
tradeXYZ xyz:SILVER	+0.0055%	1h	66.447	−0.065%	$165.3M	$84.8M	25x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.459	−0.047%	$562K	$21.5M	8.1x	as long as short
Aster XAGUSDT	+0.0084%	4h	66.481	−0.013%	$2.8M	$1.1M	100x	as long as short
Variational Omni XAG	+0.0089%	4h	66.514	+0.036%	$5.6M	$9.9M	—	as long as short
Paradex XAG-USD-PERP	+0.0099%	8h	66.470	−0.030%	$30K	$1K	5x	as long as short
Pacifica XAG	+0.0100%	1h	66.435	−0.083%	$474K	$623K	10x	as long as short
MEXC SILVER_USDT	+0.0100%	4h	66.490	0.000%	$108.5M	$160.4M	1000x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.450	−0.060%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.480	−0.015%	$126K	$24K	50x	as long as short
Binance XAGUSDT	+0.0102%	4h	66.496	+0.009%	$192.5M	$722.4M	100x	as long as short
Aevo XAG-PERP	+0.0104%	1h	66.473	−0.026%	$48K	—	10x	as long as short
edgeX XAGUSDC	+0.0112%	4h	66.508	+0.028%	$675K	$314K	30x	as long as short
Lighter XAG	+0.0120%	1h	66.481	−0.013%	$5.4M	$10.5M	25x	as long as short
GRVT XAG_USDT_Perp	+0.0138%	4h	66.523	+0.049%	$391K	$1.5M	25x	as long as short
RISEx XAG/USDC	+0.0148%	1h	66.500	+0.015%	$1.3M	$4.2M	20x	as long as short
Nado XAG-PERP	+0.0170%	1h	66.446	−0.066%	$1.3M	$6.5M	10x	as long as short
Bitget XAGUSDT	+0.0174%	4h	66.490	0.000%	$24.5M	$47.9M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.440	−0.075%	$1.9M	$930K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0190%	8h	66.500	+0.015%	$27.9M	$67.2M	50x	as long as short
Aftermath Perps XAGUSD	+0.0198%	1h	66.489	−0.001%	$80K	$39K	10x	as long as short
Bullet SILVER-USD	+0.0228%	1h	66.505	+0.023%	$45K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0232%	1h	66.451	−0.058%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.495	+0.008%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0352%	1h	66.460	−0.045%	$50K	$336K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0489%	1h	66.464	−0.039%	$764K	$565K	25x	as long as short