XAG

Alert

Funding spread now, next payment 17:00 UTC−0.0010%/8h

paid, last 24h−0.016%paid, last 3 days+0.125%to open and closeno order book

Long on Variational Omni Short on Phoenix

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XAG	66.048	0.0010	pay 0.0005% / 4h	2h 46m	$5.8M	$12.6M	—
Short	Phoenix SILVER	65.993	0	get 0.0000% / 1h	46m 52s	$56K	$26K	25x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee PhoenixbpOrdersRate

Funding earned: −$2.17
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$9.17
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Phoenix: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.083%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Variational Omni RFQ quote, 4 min ago	2.57 bp	doesn't fit	3.2 bp −$32	7.7 bp −$767	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 43 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Ondo Perps XAG-USD.P	−0.0041%	1h	$6.1M	$8.3M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	$15K	$997	5x	as long as short
RISEx XAG/USDC	0.0000%	1h	$1.3M	$4.0M	20x	as long as short
Gate XAG_USDT	0.0000%	4h	$133.2M	$193.0M	100x	as long as short
Kalshi KXSILVERPERP	0.0000%	24h	$706K	$20.7M	8.1x	as long as short
Phoenix SILVERshort	0.0000%	1h	$56K	$26K	25x
SunX XAG-USDT	0.0000%	4h	$2K	$3.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	$119K	—	250x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni XAGlong	+0.0010%	4h	$5.8M	$12.6M	—
Aster XAGUSDT	+0.0021%	4h	$2.8M	$1.3M	100x	as long as short
MEXC SILVER_USDT	+0.0024%	4h	$122.6M	$189.5M	1000x	as long as short
Hibachi XAG/USDT-P	+0.0024%	1h	$20K	$21K	10x	as long as short
Binance XAGUSDT	+0.0026%	4h	$193.1M	$786.6M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	$4.6M	$9.1M	25x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	$11K	$94K	52x	as long as short
edgeX XAGUSDC	+0.0037%	4h	$667K	$319K	30x	as long as short
StandX XAG-USD	+0.0040%	1h	$700K	$2.4M	40x	as long as short
Aevo XAG-PERP	+0.0040%	1h	$47K	—	10x	as long as short
QFEX SILVER-USD	+0.0045%	1h	$141K	$2.8M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	$159.9M	$94.2M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	$3.9M	$692K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	$4K	$5K	20x	as long as short
Paradex XAG-USD-PERP	+0.0062%	8h	$30K	$1K	5x	as long as short
BloFin XAG-USDT	+0.0073%	4h	$2.6M	$1.6M	100x	as long as short
Pacifica XAG	+0.0100%	1h	$476K	$713K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	$24.3M	$4.1M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	$112K	$189K	50x	as long as short
Bybit XAGUSDT	+0.0110%	4h	$25.1M	$37.3M	150x	as long as short
Nado XAG-PERP	+0.0130%	1h	$1.3M	$6.2M	10x	as long as short
OKX XAG-USDT-SWAP	+0.0136%	8h	$27.6M	$67.4M	50x	as long as short
Hotstuff SILVER-PERP	+0.0144%	1h	$31K	$13K	20x	as long as short
Aftermath Perps XAGUSD	+0.0150%	1h	$79K	$39K	10x	as long as short
Lighter XAG	+0.0176%	1h	$5.4M	$10.7M	25x	as long as short
Bullet SILVER-USD	+0.0180%	1h	$45K	$76K	10x	as long as short
Bitget XAGUSDT	+0.0190%	4h	$23.3M	$49.5M	100x	as long as short
Extended XAG-USD	+0.0192%	1h	$4.8M	$14.3M	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	$1.9M	$1.2M	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0204%	1h	$88K	$621K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0245% / S −0.0210%	1h	$100K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0288%	1h	$780K	$647K	25x	as long as short