XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0027%/8h= +3.0% APRnext payment +$0.03 per $10,000 · paid last 24h +0.003%

Price spread now: Phoenix against Injective−0.565%7-day average — · you buy dearer than you sell

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

Long on Injective Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.129%+$13 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 0.565% cheaper against Injective than usual: you would sell low and buy high (spread −0.565% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$56 on $10k: about 2 months of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.129% in total) that is about 31 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective XAG/USDC PERP	66.400	0.0033	pay 0.0004% / 1h	12m 46s	$11K	$94K	52x
Short	Phoenix SILVER	66.025	0.0060	get 0.0008% / 1h	12m 46s	$56K	$26K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Injective. 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 InjectivebpFee PhoenixbpOrdersPrice spread, now −0.565%Rate

Funding earned: $5.7
Price spread: −0.565% → 0.000%: −$56.48
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$57.8
Costs to cover: 0.070%
Break-even: 78.0 days

Slippage unknown: Injective: no order-book sample; 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 Injective no order-book sample	—	—	—	—	—
Sell Phoenix no order-book sample	—	—	—	—	—

Injective and 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	66.018	−0.575%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.090	−0.467%	$150.1M	$163.7M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.100	−0.452%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.130	−0.407%	$1.0M	$971K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.120	−0.422%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.037	−0.546%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.053	−0.522%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.014	−0.582%	$5.2M	$11.6M	10x	as long as short
Injective XAG/USDC PERPlong	+0.0033%	1h	66.400	long leg	$11K	$94K	52x
StandX XAG-USD	+0.0040%	1h	66.110	−0.437%	$795K	$3.1M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAG-USD.P	+0.0042%	1h	65.980	−0.633%	$5.7M	$9.6M	25x	as long as short
Vest SI-PERP	+0.0046%	1h	66.532	+0.199%	—	—	25x	as long as short
Hotstuff SILVER-PERP	+0.0048%	1h	66.086	−0.473%	$35K	$21K	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.070	−0.497%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.016	−0.578%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.090	−0.467%	$115K	$2.7M	20x	as long as short
Phoenix SILVERshort	+0.0060%	1h	66.025	−0.565%	$56K	$26K	25x
Kalshi KXSILVERPERP	+0.0071%	24h	66.065	−0.505%	$546K	$25.4M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	66.023	−0.568%	$470K	$615K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.050	−0.527%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.060	−0.512%	$113K	$30K	50x	as long as short
tradeXYZ xyz:SILVER	+0.0125%	1h	66.036	−0.548%	$165.8M	$74.3M	25x	as long as short
RISEx XAG/USDC	+0.0137%	1h	66.096	−0.458%	$1.3M	$4.5M	20x	as long as short
Paradex XAG-USD-PERP	+0.0140%	8h	66.066	−0.504%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0143%	4h	66.089	−0.468%	$2.7M	$881K	100x	as long as short
Bybit XAGUSDT	+0.0167%	4h	66.090	−0.467%	$27.1M	$36.1M	150x	as long as short
Lighter XAG	+0.0176%	1h	66.064	−0.506%	$5.2M	$10.7M	25x	as long as short
Aevo XAG-PERP	+0.0192%	1h	66.094	−0.461%	$47K	—	10x	as long as short
BloFin XAG-USDT	+0.0193%	4h	66.120	−0.422%	$2.6M	$554K	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.170	−0.346%	$1.8M	$1.0M	20x	as long as short
Variational Omni XAG	+0.0203%	4h	66.163	−0.356%	$5.6M	$9.5M	—	as long as short
Nado XAG-PERP	+0.0210%	1h	66.048	−0.531%	$1.4M	$6.4M	10x	as long as short
MEXC SILVER_USDT	+0.0210%	4h	66.080	−0.482%	$110.5M	$152.9M	1000x	as long as short
Binance XAGUSDT	+0.0211%	4h	66.082	−0.478%	$192.3M	$700.7M	100x	as long as short
Aftermath Perps XAGUSD	+0.0222%	1h	66.079	−0.483%	$80K	$36K	10x	as long as short
edgeX XAGUSDC	+0.0222%	4h	66.092	−0.463%	$671K	$313K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0233%	8h	66.080	−0.482%	$27.7M	$65.0M	50x	as long as short
Bitget XAGUSDT	+0.0256%	4h	66.080	−0.482%	$23.8M	$45.4M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0274%	4h	66.094	−0.461%	$389K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0286%	1h	66.116	−0.427%	$44K	$76K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0356%	1h	66.070	−0.497%	$62K	$349K	20x	as long as short
Hibachi XAG/USDT-P	+0.0376%	1h	66.050	−0.527%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0383% / S −0.0424%	1h	66.115	−0.429%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0485%	1h	66.069	−0.499%	$912K	$683K	25x	as long as short