Spread before costs (cost unknown: a leg has no order-book sample)−0.047%
7d average—if it closes, per $10,000$5funding while held, a day+$3.60
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex XAGUSDT | 66.380 | 0 | get 0.0000% / 4h | 3h 38m | $1.5M | $250K | 100x |
| Short | Hotstuff SILVER-PERP | 66.349 | 0.0120 | get 0.0015% / 1h | 38m 41s | $31K | $13K | 20x |
Phemex XAGUSDT
Hotstuff SILVER-PERPPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$4.67
- Funding while held
- $3.6
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$18.07
- Spread needed to break even
- 0.170%
Slippage unknown: Phemex: live order book, 1 min ago; Hotstuff: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0120%
- Per $10,000 a day
- +$3.60
- Average in range /8h
- —
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 Phemex live order book, 1 min ago | 0.75 bp | 16.1 bp −$16 | 23.7 bp −$237 | doesn't fit | doesn't fit |
| Sell Hotstuff no order-book sample | — | — | — | — | — |
Hotstuff: 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 price on every exchange
against the cheapest. Click to use as the short leg.Ondo Perps66.280cheapestdYdX66.305+0.038%Phoenix66.310+0.045%Hibachi66.329+0.074%Pacifica66.335+0.082%gTrade (Gains Network)66.335+0.083%Extended66.335+0.083%SoDEX66.336+0.084%ApeX Omni66.340+0.091%StandX66.340+0.091%Aftermath Perps66.343+0.095%Nado66.343+0.096%tradeXYZ66.345+0.098%Polymarket Perps66.348+0.103%Kalshi66.349+0.104%
Ondo Perps
dYdX
Phoenix
Hibachi
Pacifica
gTrade (Gains Network)
Extended
SoDEX
ApeX Omni
StandX
Nado
tradeXYZ
Polymarket PerpsHotstuff66.349+0.104%
RISEx66.350+0.105%KuCoin66.350+0.106%Coinbase International66.350+0.106%Kraken Futures66.354+0.111%Variational Omni66.364+0.127%Paradex66.367+0.132%Gate66.370+0.136%edgeX66.371+0.138%Lighter RH66.374+0.142%OKX66.380+0.151%QFEX66.380+0.151%MEXC66.380+0.151%Deribit66.380+0.151%
RISEx
KuCoin
Coinbase International
Kraken Futures
Variational Omni
Paradex
Gate
Lighter RH
OKX
QFEX
MEXC
DeribitPhemex66.380+0.151%
GMX66.385+0.158%Lighter66.386+0.161%Bullet66.388+0.163%Binance66.388+0.163%Aevo66.389+0.165%Aster66.390+0.166%Bitget66.390+0.166%Bybit66.400+0.181%Injective66.400+0.181%BloFin66.400+0.181%SunX66.410+0.196%HTX66.410+0.196%Vest66.827+0.825%
GMX
Lighter
Bullet
Binance
Aevo
Aster
Bitget
Bybit
Injective
BloFin
SunX
HTX
VestXAG on 43 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Ondo Perps XAG-USD.P | −0.151% | −0.0026% | 1h | $6.1M | $8.2M | 25x | as long as short |
| dYdX XAG-USD | −0.113% | 0.0000% | 1h | $15K | $997 | 5x | as long as short |
| Phoenix SILVER | −0.105% | −0.0012% | 1h | $56K | $26K | 25x | as long as short |
| Hibachi XAG/USDT-P | −0.076% | −0.0016% | 1h | $20K | $21K | 10x | as long as short |
| Pacifica XAG | −0.068% | +0.0100% | 1h | $477K | $695K | 10x | as long as short |
| gTrade (Gains Network) XAG/USD | −0.068% | L +0.0004% / S −0.0006% | 1h | $120K | — | 250x | as long as short |
| Extended XAG-USD | −0.067% | +0.0040% | 1h | $4.7M | $14.3M | 10x | as long as short |
| SoDEX SILVER-USD | −0.066% | +0.0050% | 1h | $4K | $5K | 20x | as long as short |
| ApeX Omni XAGUSDT | −0.060% | +0.0100% | 1h | $113K | $189K | 50x | as long as short |
| StandX XAG-USD | −0.060% | +0.0040% | 1h | $703K | $1.9M | 40x | as long as short |
Show all 43 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aftermath Perps XAGUSD | −0.056% | +0.0116% | 1h | $80K | $39K | 10x | as long as short |
| Nado XAG-PERP | −0.055% | +0.0074% | 1h | $1.3M | $6.2M | 10x | as long as short |
| tradeXYZ xyz:SILVER | −0.053% | +0.0050% | 1h | $160.1M | $91.6M | 25x | as long as short |
| Polymarket Perps SILVER-USD | −0.048% | +0.0050% | 1h | $3.7M | $257K | 20x | as long as short |
| Kalshi KXSILVERPERP | −0.047% | 0.0000% | 24h | $718K | $20.6M | 8.1x | as long as short |
| Hotstuff SILVER-PERPshort | −0.047% | +0.0120% | 1h | $31K | $13K | 20x | |
| RISEx XAG/USDC | −0.046% | 0.0000% | 1h | $1.4M | $3.5M | 20x | as long as short |
| KuCoin XAGUSDTM | −0.045% | +0.0100% | 4h | $23.1M | $3.8M | 75x | as long as short |
| Coinbase International SILVER-PERP-INTX | −0.045% | +0.0200% | 1h | $1.8M | $1.2M | 20x | as long as short |
| Kraken Futures PF_XAGUSD | −0.039% | +0.0287% | 1h | $785K | $646K | 25x | as long as short |
| Variational Omni XAG | −0.024% | +0.0023% | 4h | $5.8M | $12.8M | — | as long as short |
| Paradex XAG-USD-PERP | −0.019% | +0.0055% | 8h | $30K | $1K | 5x | as long as short |
| Gate XAG_USDT | −0.015% | 0.0000% | 4h | $135.0M | $189.6M | 100x | as long as short |
| edgeX XAGUSDC | −0.013% | +0.0040% | 4h | $670K | $318K | 30x | as long as short |
| Lighter RH XAG | −0.009% | +0.0032% | 1h | $4.7M | $8.7M | 25x | as long as short |
| OKX XAG-USDT-SWAP | 0.000% | +0.0114% | 8h | $27.9M | $65.1M | 50x | as long as short |
| QFEX SILVER-USD | 0.000% | +0.0034% | 1h | $147K | $2.8M | 20x | as long as short |
| MEXC SILVER_USDT | 0.000% | +0.0030% | 4h | $115.1M | $183.1M | 1000x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | 0.000% | +0.0202% | 1h | $88K | $617K | 20x | as long as short |
| Phemex XAGUSDTlong | 0.000% | 0.0000% | 4h | $1.5M | $250K | 100x | |
| GMX SILVER/USD [ETH-USDC] | +0.008% | L +0.0229% / S −0.0213% | 1h | $85K | — | 111x | as long as short |
| Lighter XAG | +0.010% | +0.0088% | 1h | $5.5M | $10.3M | 25x | as long as short |
| Bullet SILVER-USD | +0.012% | +0.0127% | 1h | $45K | $76K | 10x | as long as short |
| Binance XAGUSDT | +0.012% | +0.0031% | 4h | $190.5M | $773.8M | 100x | as long as short |
| Aevo XAG-PERP | +0.014% | +0.0048% | 1h | $48K | — | 10x | as long as short |
| Aster XAGUSDT | +0.015% | +0.0013% | 4h | $2.8M | $1.3M | 100x | as long as short |
| Bitget XAGUSDT | +0.015% | +0.0164% | 4h | $23.2M | $48.7M | 100x | as long as short |
| Bybit XAGUSDT | +0.030% | 0.0000% | 4h | $24.5M | $36.5M | 150x | as long as short |
| Injective XAG/USDC PERP | +0.030% | +0.0033% | 1h | $11K | $94K | 52x | as long as short |
| BloFin XAG-USDT | +0.030% | +0.0041% | 4h | $2.7M | $1.6M | 100x | as long as short |
| SunX XAG-USDT | +0.045% | 0.0000% | 4h | $2K | $3.6M | 20x | as long as short |
| HTX XAG-USDT | +0.045% | 0.0000% | 4h | $1.0M | $1.1M | 75x | as long as short |
| Vest SI-PERP | +0.673% | +0.0046% | 1h | — | — | 25x | as long as short |