Funding you earn now, next payment 01:00 UTC+0.0076%/8h= +8.4% APRpaid last 24h +0.007%
Price spread now: Paradex against Phoenix+0.105%46s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Paradex is 0.105% dearer against Phoenix than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix SILVER | 66.346 | 0.0048 | pay 0.0006% / 1h | 34m 32s | $56K | $26K | 25x |
| Short | Paradex XAG-USD-PERP | 66.416 | 0.0125 | get 0.0125% / 8h | 6h 34m | $30K | $1K | 5x |
Phoenix SILVER
Paradex XAG-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex against Phoenix. 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
- $16.04
- Price spread: +0.105% → 0.000%
- $10.5
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- $15.54
- Costs to cover
- 0.110%
- Break-even
- 0.2 days
Slippage unknown: Phoenix: no order-book sample; Paradex: 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Paradex no order-book sample | — | — | — | — | — |
Phoenix and Paradex: 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff SILVER-PERP | −0.0008% | 1h | 66.425 | +0.119% | $35K | $21K | 20x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 66.421 | +0.114% | $15K | — | 5x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.420 | +0.112% | $153.3M | $162.6M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.500 | +0.232% | $2K | $2.8M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.500 | +0.232% | $1.1M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.470 | +0.187% | $1.5M | $250K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.406 | +0.090% | $120K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.434 | +0.133% | $4.8M | $9.5M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.358 | +0.017% | $5.4M | $12.2M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.081% | $11K | $94K | 52x | as long as short |
Hotstuff SILVER-PERP
dYdX XAG-USD
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Lighter RH XAG
Extended XAG-USD
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 | 66.480 | +0.202% | $800K | $2.9M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.892 | +0.823% | — | — | 25x | as long as short |
| Ondo Perps XAG-USD.P | +0.0046% | 1h | 66.320 | −0.039% | $5.7M | $9.6M | 25x | as long as short |
| Phoenix SILVERlong | +0.0048% | 1h | 66.346 | long leg | $56K | $26K | 25x | |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.440 | +0.142% | $3.9M | $669K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.393 | +0.071% | $3K | $6K | 20x | as long as short |
| QFEX SILVER-USD | +0.0054% | 1h | 66.440 | +0.142% | $115K | $2.7M | 20x | as long as short |
| Kalshi KXSILVERPERP | +0.0061% | 24h | 66.421 | +0.113% | $631K | $23.3M | 8.1x | as long as short |
| RISEx XAG/USDC | +0.0079% | 1h | 66.440 | +0.142% | $1.2M | $4.3M | 20x | as long as short |
| Bybit XAGUSDT | +0.0082% | 4h | 66.480 | +0.202% | $26.4M | $35.9M | 150x | as long as short |
| tradeXYZ xyz:SILVER | +0.0095% | 1h | 66.427 | +0.122% | $165.8M | $76.0M | 25x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.366 | +0.030% | $472K | $605K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.410 | +0.096% | $24.6M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.310 | −0.054% | $126K | $23K | 50x | as long as short |
| BloFin XAG-USDT | +0.0103% | 4h | 66.570 | +0.338% | $2.6M | $624K | 100x | as long as short |
| Aster XAGUSDT | +0.0119% | 4h | 66.430 | +0.127% | $2.8M | $960K | 100x | as long as short |
| Paradex XAG-USD-PERPshort | +0.0125% | 8h | 66.416 | +0.105% | $30K | $1K | 5x | |
| Variational Omni XAG | +0.0140% | 4h | 66.405 | +0.088% | $5.5M | $9.8M | — | as long as short |
| Aevo XAG-PERP | +0.0144% | 1h | 66.461 | +0.174% | $48K | — | 10x | as long as short |
| MEXC SILVER_USDT | +0.0154% | 4h | 66.420 | +0.112% | $102.4M | $158.1M | 1000x | as long as short |
| Binance XAGUSDT | +0.0158% | 4h | 66.465 | +0.179% | $192.8M | $708.1M | 100x | as long as short |
| edgeX XAGUSDC | +0.0166% | 4h | 66.514 | +0.253% | $675K | $314K | 30x | as long as short |
| Lighter XAG | +0.0176% | 1h | 66.421 | +0.113% | $5.3M | $10.5M | 25x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0184% | 1h | 66.520 | +0.262% | $1.9M | $967K | 20x | as long as short |
| OKX XAG-USDT-SWAP | +0.0199% | 8h | 66.470 | +0.187% | $28.0M | $65.9M | 50x | as long as short |
| Aftermath Perps XAGUSD | +0.0219% | 1h | 66.432 | +0.129% | $80K | $38K | 10x | as long as short |
| Nado XAG-PERP | +0.0228% | 1h | 66.409 | +0.095% | $1.3M | $6.5M | 10x | as long as short |
| Bitget XAGUSDT | +0.0230% | 4h | 66.460 | +0.172% | $24.0M | $46.1M | 100x | as long as short |
| GRVT XAG_USDT_Perp | +0.0242% | 4h | 66.526 | +0.271% | $391K | $1.5M | 25x | as long as short |
| Hibachi XAG/USDT-P | +0.0264% | 1h | 66.405 | +0.089% | $20K | $22K | 10x | as long as short |
| Bullet SILVER-USD | +0.0282% | 1h | 66.474 | +0.193% | $45K | $76K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0292% / S −0.0281% | 1h | 66.485 | +0.210% | $103K | — | 111x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0352% | 1h | 66.440 | +0.142% | $50K | $325K | 20x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0462% | 1h | 66.445 | +0.150% | $766K | $482K | 25x | as long as short |
StandX XAG-USD
Vest SI-PERP
Ondo Perps XAG-USD.P
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
QFEX SILVER-USD
Kalshi KXSILVERPERP
RISEx XAG/USDC
Bybit XAGUSDT
tradeXYZ xyz:SILVER
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
BloFin XAG-USDT
Aster XAGUSDT
Variational Omni XAG
Aevo XAG-PERP
MEXC SILVER_USDT
Binance XAGUSDT
edgeX XAGUSDC
Lighter XAG
Coinbase International SILVER-PERP-INTX
OKX XAG-USDT-SWAP
Aftermath Perps XAGUSD
Nado XAG-PERP
Bitget XAGUSDT
GRVT XAG_USDT_Perp
Hibachi XAG/USDT-P
Bullet SILVER-USD
GMX SILVER/USD [ETH-USDC]
Deribit SILVER_USDC-PERPETUAL
Kraken Futures PF_XAGUSD