Funding you earn now, next payment 08:00 UTC+0.0223%/8h= +24.4% APRpaid last 24h +0.046%
Price spread now: OKX against Phemex0.000%7-day average −0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$340.339% of the position
Funding, last 7 days+0.072%+$7 on $10k
+Price spread, last 4 days (all we have)−0.115%−$12 · spread now 0.000%, 7d avg −0.043%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and OKX is 0.043% dearer against Phemex than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.043%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.072% in total (about 3.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex XAGUSDT | 66.080 | 0 | get 0.0000% / 4h | 3h 04m | $1.5M | $317K | 100x |
| Short | OKX XAG-USDT-SWAP | 66.080 | 0.0223 | get 0.0223% / 8h | 3h 04m | $27.8M | $64.6M | 50x |
Phemex XAGUSDT
OKX XAG-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Phemex. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $46.85
- Price spread: 0.000% → −0.043%
- $4.34
- Slippage, 4 orders
- −$11.87
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $17.32
- Costs to cover
- 0.339%
- Break-even
- 4.4 days
Slippage from Phemex: live order book, 4 min ago; OKX: live order book, 5 min ago.
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, 4 min ago | 1.51 bp | 10.4 bp −$10 | 13.7 bp −$137 | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 0.76 bp | 5.8 bp −$6 | 6.6 bp −$66 | 12.3 bp −$1,231 | 68.1 bp −$34.1K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps XAG-USD.P | −0.0050% | 1h | 65.960 | −0.182% | $5.7M | $9.2M | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.989 | −0.138% | $14K | $66 | 5x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.080 | 0.000% | $2K | $2.6M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.100 | +0.030% | $1.1M | $1.0M | 75x | as long as short |
| Phemex XAGUSDTlong | 0.0000% | 4h | 66.080 | long leg | $1.5M | $317K | 100x | |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.010 | −0.105% | $120K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.064 | −0.025% | $4.8M | $9.6M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.012 | −0.104% | $5.2M | $11.5M | 10x | as long as short |
| Hotstuff SILVER-PERP | +0.0032% | 1h | 66.027 | −0.080% | $35K | $21K | 20x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.484% | $11K | $94K | 52x | as long as short |
Ondo Perps XAG-USD.P
dYdX XAG-USD
SunX XAG-USDT
HTX XAG-USDT
gTrade (Gains Network) XAG/USD
Lighter RH XAG
Extended XAG-USD
Hotstuff SILVER-PERP
Injective XAG/USDC PERPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX XAG-USD | +0.0040% | 1h | 66.060 | −0.030% | $795K | $3.0M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.491 | +0.622% | — | — | 25x | as long as short |
| Gate XAG_USDT | +0.0048% | 4h | 66.090 | +0.015% | $149.9M | $164.5M | 100x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.035 | −0.068% | $3.9M | $676K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.009 | −0.107% | $3K | $6K | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0056% | 8h | 66.057 | −0.035% | $30K | $1K | 5x | as long as short |
| QFEX SILVER-USD | +0.0060% | 1h | 66.050 | −0.045% | $114K | $2.7M | 20x | as long as short |
| tradeXYZ xyz:SILVER | +0.0060% | 1h | 66.038 | −0.064% | $166.3M | $73.9M | 25x | as long as short |
| Phoenix SILVER | +0.0073% | 1h | 65.995 | −0.129% | $56K | $26K | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0074% | 24h | 66.036 | −0.067% | $530K | $26.7M | 8.1x | as long as short |
| RISEx XAG/USDC | +0.0080% | 1h | 66.076 | −0.006% | $1.3M | $4.9M | 20x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.008 | −0.109% | $470K | $604K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.040 | −0.061% | $24.4M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 65.990 | −0.136% | $113K | $30K | 50x | as long as short |
| Bybit XAGUSDT | +0.0112% | 4h | 66.090 | +0.015% | $27.8M | $36.5M | 150x | as long as short |
| Lighter XAG | +0.0120% | 1h | 66.068 | −0.018% | $5.2M | $10.9M | 25x | as long as short |
| Aster XAGUSDT | +0.0120% | 4h | 66.080 | 0.000% | $2.7M | $871K | 100x | as long as short |
| Variational Omni XAG | +0.0164% | 4h | 66.053 | −0.040% | $5.7M | $9.5M | — | as long as short |
| Aevo XAG-PERP | +0.0168% | 1h | 66.063 | −0.026% | $47K | — | 10x | as long as short |
| MEXC SILVER_USDT | +0.0174% | 4h | 66.070 | −0.015% | $115.1M | $152.9M | 1000x | as long as short |
| Binance XAGUSDT | +0.0174% | 4h | 66.070 | −0.015% | $191.0M | $703.3M | 100x | as long as short |
| edgeX XAGUSDC | +0.0182% | 4h | 66.013 | −0.101% | $670K | $311K | 30x | as long as short |
| Nado XAG-PERP | +0.0187% | 1h | 66.027 | −0.080% | $1.4M | $5.8M | 10x | as long as short |
| BloFin XAG-USDT | +0.0196% | 4h | 66.060 | −0.030% | $2.6M | $570K | 100x | as long as short |
| Aftermath Perps XAGUSD | +0.0198% | 1h | 66.022 | −0.088% | $79K | $36K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0204% | 1h | 66.050 | −0.045% | $75K | $363K | 20x | as long as short |
| GRVT XAG_USDT_Perp | +0.0208% | 4h | 66.053 | −0.041% | $394K | $1.5M | 25x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0208% | 1h | 65.980 | −0.151% | $1.8M | $1.0M | 20x | as long as short |
| OKX XAG-USDT-SWAPshort | +0.0223% | 8h | 66.080 | 0.000% | $27.8M | $64.6M | 50x | |
| Bitget XAGUSDT | +0.0228% | 4h | 66.070 | −0.015% | $24.0M | $44.9M | 100x | as long as short |
| Bullet SILVER-USD | +0.0237% | 1h | 66.080 | 0.000% | $44K | $75K | 10x | as long as short |
| Hibachi XAG/USDT-P | +0.0304% | 1h | 66.020 | −0.091% | $20K | $19K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0387% / S −0.0440% | 1h | 66.075 | −0.008% | $105K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0623% | 1h | 66.045 | −0.053% | $911K | $685K | 25x | as long as short |
StandX XAG-USD
Vest SI-PERP
Gate XAG_USDT
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Paradex XAG-USD-PERP
QFEX SILVER-USD
tradeXYZ xyz:SILVER
Phoenix SILVER
Kalshi KXSILVERPERP
RISEx XAG/USDC
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Bybit XAGUSDT
Lighter XAG
Aster XAGUSDT
Variational Omni XAG
Aevo XAG-PERP
MEXC SILVER_USDT
Binance XAGUSDT
edgeX XAGUSDC
Nado XAG-PERP
BloFin XAG-USDT
Aftermath Perps XAGUSD
Deribit SILVER_USDC-PERPETUAL
GRVT XAG_USDT_Perp
Coinbase International SILVER-PERP-INTX
Bitget XAGUSDT
Bullet SILVER-USD
Hibachi XAG/USDT-P
GMX SILVER/USD [ETH-USDC]
Kraken Futures PF_XAGUSD