XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0097%/8h= −10.6% APRnext payment −$0.12 per $10,000 · paid last 24h −0.017%

Price spread now: Phoenix against RISEx−0.093%50s7-day average — · you buy dearer than you sell

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

Long on RISEx Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Phoenix is 0.093% cheaper against RISEx than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 50 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	RISEx XAG/USDC	66.340	0.0181	pay 0.0023% / 1h	25m 46s	$1.3M	$4.5M	20x
Short	Phoenix SILVER	66.278	0.0084	get 0.0011% / 1h	25m 46s	$56K	$26K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against RISEx. 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 RISExbpFee PhoenixbpOrdersPrice spread, now −0.093%Rate

Funding earned: −$20.37
Price spread: −0.093% → 0.000%: −$9.35
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$42.72
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: RISEx: live order book, 3 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 RISEx live order book, 3 min ago	0.75 bp	3.8 bp −$4	4.7 bp −$47	doesn't fit	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	66.272	−0.103%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.360	+0.030%	$150.3M	$164.2M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.330	−0.015%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.360	+0.030%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.350	+0.015%	$1.5M	$252K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.256	−0.127%	$121K	—	250x	as long as short
Hotstuff SILVER-PERP	+0.0008%	1h	66.304	−0.054%	$35K	$21K	20x	as long as short
Lighter RH XAG	+0.0032%	1h	66.323	−0.025%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.275	−0.098%	$5.2M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.090%	$11K	$94K	52x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	66.280	−0.090%	$797K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.759	+0.632%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.281	−0.089%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.257	−0.125%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.230	−0.166%	$5.7M	$9.8M	25x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.330	−0.015%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0065%	24h	66.289	−0.077%	$536K	$24.6M	8.1x	as long as short
Phoenix SILVERshort	+0.0084%	1h	66.278	−0.093%	$56K	$26K	25x
tradeXYZ xyz:SILVER	+0.0098%	1h	66.326	−0.021%	$166.1M	$74.3M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.285	−0.083%	$472K	$610K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.300	−0.060%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.260	−0.121%	$113K	$30K	50x	as long as short
Paradex XAG-USD-PERP	+0.0134%	8h	66.332	−0.012%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0135%	4h	66.338	−0.002%	$2.7M	$875K	100x	as long as short
Bybit XAGUSDT	+0.0158%	4h	66.370	+0.045%	$26.9M	$36.1M	150x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.323	−0.025%	$48K	—	10x	as long as short
RISEx XAG/USDClong	+0.0181%	1h	66.340	long leg	$1.3M	$4.5M	20x
Variational Omni XAG	+0.0184%	4h	66.321	−0.028%	$5.6M	$9.8M	—	as long as short
Lighter XAG	+0.0192%	1h	66.319	−0.032%	$5.3M	$10.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.310	−0.045%	$1.9M	$981K	20x	as long as short
MEXC SILVER_USDT	+0.0194%	4h	66.350	+0.015%	$103.4M	$153.4M	1000x	as long as short
BloFin XAG-USDT	+0.0195%	4h	66.320	−0.030%	$2.6M	$553K	100x	as long as short
Binance XAGUSDT	+0.0196%	4h	66.358	+0.027%	$192.3M	$705.3M	100x	as long as short
edgeX XAGUSDC	+0.0206%	4h	66.322	−0.028%	$673K	$313K	30x	as long as short
Nado XAG-PERP	+0.0210%	1h	66.293	−0.071%	$1.3M	$6.6M	10x	as long as short
OKX XAG-USDT-SWAP	+0.0217%	8h	66.350	+0.015%	$27.8M	$65.9M	50x	as long as short
Aftermath Perps XAGUSD	+0.0235%	1h	66.279	−0.092%	$80K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0246%	4h	66.360	+0.030%	$23.8M	$45.8M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0266%	4h	66.301	−0.059%	$402K	$1.5M	25x	as long as short
Hibachi XAG/USDT-P	+0.0272%	1h	66.290	−0.075%	$20K	$19K	10x	as long as short
Bullet SILVER-USD	+0.0280%	1h	66.335	−0.007%	$46K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0350% / S −0.0371%	1h	66.335	−0.008%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0354%	1h	66.310	−0.045%	$50K	$322K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0549%	1h	66.299	−0.062%	$915K	$671K	25x	as long as short