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Funding arb · Price arb /

XAG

RWAall XAG markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.012%
Price spread now: Phoenix against Gate−0.125%77s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on GateShort on Phoenix
What this pair did over the last
the charts below follow
Funding, last 7 days+0.088%+$9 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 Gate 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 −$12 on $10k: about 8.7 days of funding at the current rate (+$1 a day). The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate XAG_USDT66.5800get 0.0000% / 4h3h 02m$155.2M$169.5M100x
ShortPhoenix SILVER66.4970.0048get 0.0006% / 1h2m 02s$56K$26K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix against Gate. 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

Funding earned
$10.08
Price spread: −0.125% → 0.000%
−$12.47
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$24.38
Costs to cover
0.220%
Break-even
23.9 days
Slippage unknown: Gate: live order book, 2 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
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 2 min ago0.75 bp8.4 bp −$89.7 bp −$9713.6 bp −$1,36116.6 bp −$8,277
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX XAG-USD0.0000%1h66.473−0.161%$15K—5xas long as short
Bybit XAGUSDT0.0000%4h66.590+0.015%$25.6M$35.7M150xas long as short
Gate XAG_USDTlong0.0000%4h66.580long leg$155.2M$169.5M100x
SunX XAG-USDT0.0000%4h66.610+0.045%$2K$2.9M20xas long as short
HTX XAG-USDT0.0000%4h66.610+0.045%$1.1M$1.1M75xas long as short
Phemex XAGUSDT0.0000%4h66.590+0.015%$1.5M$251K100xas long as short
gTrade (Gains Network) XAG/USDL +0.0004% / S −0.0006%1h66.530−0.076%$120K—250xas long as short
Lighter RH XAG+0.0032%1h66.563−0.026%$4.8M$9.6M25xas long as short
Extended XAG-USD+0.0032%1h66.513−0.101%$5.4M$12.4M10xas long as short
Injective XAG/USDC PERP+0.0033%1h66.400−0.270%$11K$94K52xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
StandX XAG-USD+0.0040%1h66.560−0.030%$801K$2.8M40xas long as short
Vest SI-PERP+0.0046%1h67.011+0.647%——25xas long as short
Phoenix SILVERshort+0.0048%1h66.497−0.125%$56K$26K25x
Polymarket Perps SILVER-USD+0.0050%1h66.559−0.032%$3.9M$700K20xas long as short
SoDEX SILVER-USD+0.0050%1h66.517−0.095%$3K$5K20xas long as short
Ondo Perps XAG-USD.P+0.0050%1h66.470−0.165%$5.7M$9.5M25xas long as short
QFEX SILVER-USD+0.0051%1h66.560−0.030%$115K$2.8M20xas long as short
Kalshi KXSILVERPERP+0.0059%24h66.529−0.077%$566K$21.7M8.1xas long as short
tradeXYZ xyz:SILVER+0.0071%1h66.542−0.057%$165.9M$84.7M25xas long as short
Hotstuff SILVER-PERP+0.0088%1h66.545−0.053%$35K$21K20xas long as short
Aster XAGUSDT+0.0096%4h66.590+0.015%$2.8M$1.0M100xas long as short
Pacifica XAG+0.0100%1h66.521−0.089%$474K$619K10xas long as short
KuCoin XAGUSDTM+0.0100%4h66.530−0.075%$24.6M$4.5M75xas long as short
ApeX Omni XAGUSDT+0.0100%1h66.490−0.135%$126K$24K50xas long as short
Variational Omni XAG+0.0102%4h66.563−0.026%$5.6M$9.9M—as long as short
Paradex XAG-USD-PERP+0.0112%8h66.575−0.008%$30K$1K5xas long as short
edgeX XAGUSDC+0.0119%4h66.554−0.039%$675K$314K30xas long as short
MEXC SILVER_USDT+0.0120%4h66.560−0.030%$108.8M$160.8M1000xas long as short
Aevo XAG-PERP+0.0120%1h66.583+0.004%$48K—10xas long as short
Binance XAGUSDT+0.0122%4h66.5800.000%$193.6M$716.7M100xas long as short
Lighter XAG+0.0128%1h66.588+0.011%$5.4M$10.6M25xas long as short
RISEx XAG/USDC+0.0148%1h66.581+0.001%$1.3M$4.2M20xas long as short
BloFin XAG-USDT+0.0158%4h66.550−0.045%$2.6M$695K100xas long as short
Coinbase International SILVER-PERP-INTX+0.0184%1h66.530−0.075%$1.9M$934K20xas long as short
Nado XAG-PERP+0.0187%1h66.530−0.075%$1.3M$6.5M10xas long as short
GRVT XAG_USDT_Perp+0.0190%4h66.559−0.032%$402K$1.5M25xas long as short
OKX XAG-USDT-SWAP+0.0195%8h66.5800.000%$28.0M$66.9M50xas long as short
Bitget XAGUSDT+0.0196%4h66.570−0.015%$24.6M$47.5M100xas long as short
Aftermath Perps XAGUSD+0.0207%1h66.532−0.073%$80K$39K10xas long as short
Bullet SILVER-USD+0.0251%1h66.598+0.027%$45K$76K10xas long as short
Hibachi XAG/USDT-P+0.0280%1h66.519−0.092%$20K$22K10xas long as short
GMX SILVER/USD [ETH-USDC]L +0.0291% / S −0.0281%1h66.595+0.023%$103K—111xas long as short
Deribit SILVER_USDC-PERPETUAL+0.0351%1h66.5800.000%$50K$336K20xas long as short
Kraken Futures PF_XAGUSD+0.0488%1h66.560−0.030%$765K$564K25xas long as short