XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0304%/8h= +33.3% APRnext payment +$0.38 per $10,000 · paid last 24h +0.072%

Price spread now: Deribit against Phoenix+0.071%7-day average — · you sell dearer than you buy

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

Long on Phoenix Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Deribit is 0.071% dearer against Phoenix than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix SILVER	66.473	0.0048	pay 0.0006% / 1h	25m 13s	$56K	$26K	25x
Short	Deribit SILVER_USDC-PERPETUAL	66.520	0.0352	get 0.0044% / 1h	25m 13s	$50K	$336K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Phoenix. 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 PhoenixbpFee DeribitbpOrdersPrice spread, now +0.071%Rate

Funding earned: $63.77
Price spread: +0.071% → 0.000%: $7.07
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $56.84
Costs to cover: 0.140%
Break-even: 0.8 days

Slippage unknown: Phoenix: no order-book sample; Deribit: live order book, 48 min ago. 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 Phoenix no order-book sample	—	—	—	—	—
Sell Deribit live order book, 48 min ago	0.75 bp	4.3 bp −$4	5.9 bp −$59	doesn't fit	doesn't fit

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	66.490	+0.025%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.540	+0.101%	$25.7M	$35.6M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.540	+0.101%	$155.0M	$168.1M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.520	+0.071%	$2K	$3.0M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.560	+0.131%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.550	+0.116%	$1.5M	$252K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.466	−0.010%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.506	+0.049%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.463	−0.014%	$5.4M	$12.4M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.110%	$11K	$94K	52x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	66.550	+0.116%	$801K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.957	+0.728%	—	—	25x	as long as short
Phoenix SILVERlong	+0.0048%	1h	66.473	long leg	$56K	$26K	25x
Polymarket Perps SILVER-USD	+0.0050%	1h	66.490	+0.026%	$3.9M	$700K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.466	−0.011%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.410	−0.095%	$5.7M	$9.6M	25x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.500	+0.041%	$115K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0052%	1h	66.486	+0.020%	$165.4M	$85.6M	25x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.462	−0.017%	$562K	$21.5M	8.1x	as long as short
BloFin XAG-USDT	+0.0081%	4h	66.550	+0.116%	$2.6M	$706K	100x	as long as short
Aster XAGUSDT	+0.0086%	4h	66.520	+0.071%	$2.8M	$1.1M	100x	as long as short
Hotstuff SILVER-PERP	+0.0088%	1h	66.486	+0.020%	$35K	$21K	20x	as long as short
Variational Omni XAG	+0.0089%	4h	66.514	+0.062%	$5.6M	$9.9M	—	as long as short
Paradex XAG-USD-PERP	+0.0098%	8h	66.500	+0.041%	$30K	$1K	5x	as long as short
Pacifica XAG	+0.0100%	1h	66.455	−0.026%	$474K	$623K	10x	as long as short
MEXC SILVER_USDT	+0.0100%	4h	66.520	+0.071%	$108.7M	$160.3M	1000x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.480	+0.011%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.480	+0.011%	$126K	$24K	50x	as long as short
Binance XAGUSDT	+0.0102%	4h	66.520	+0.071%	$192.4M	$722.2M	100x	as long as short
Aevo XAG-PERP	+0.0104%	1h	66.512	+0.059%	$48K	—	10x	as long as short
edgeX XAGUSDC	+0.0111%	4h	66.544	+0.106%	$675K	$313K	30x	as long as short
Lighter XAG	+0.0120%	1h	66.522	+0.073%	$5.4M	$10.5M	25x	as long as short
GRVT XAG_USDT_Perp	+0.0130%	4h	66.535	+0.093%	$391K	$1.5M	25x	as long as short
RISEx XAG/USDC	+0.0148%	1h	66.515	+0.063%	$1.3M	$4.3M	20x	as long as short
Nado XAG-PERP	+0.0168%	1h	66.461	−0.018%	$1.3M	$6.5M	10x	as long as short
Bitget XAGUSDT	+0.0174%	4h	66.530	+0.086%	$24.5M	$48.0M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.580	+0.161%	$1.9M	$929K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0191%	8h	66.540	+0.101%	$27.9M	$67.3M	50x	as long as short
Aftermath Perps XAGUSD	+0.0197%	1h	66.501	+0.042%	$80K	$39K	10x	as long as short
Bullet SILVER-USD	+0.0226%	1h	66.535	+0.093%	$45K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0232%	1h	66.480	+0.011%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.535	+0.093%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUALshort	+0.0352%	1h	66.520	+0.071%	$50K	$336K	20x
Kraken Futures PF_XAGUSD	+0.0489%	1h	66.494	+0.032%	$764K	$565K	25x	as long as short