XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0017%/8h= +1.9% APRnext payment +$0.02 per $10,000 · paid last 24h −0.004%

Price spread now: Phoenix against QFEX−0.029%52s7-day average — · you buy dearer than you sell

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

Long on QFEX Short on Phoenix

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

Funding pays, the price is against you. Phoenix is 0.029% cheaper against QFEX than usual: you would sell low and buy high (spread −0.029% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 5.7 days of funding at the current rate (+$1 a day). The two prices were read 52 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	QFEX SILVER-USD	65.230	0.0044	pay 0.0006% / 1h	9m 56s	$161K	$1.4M	20x
Short	Phoenix SILVER	65.211	0.0061	get 0.0008% / 1h	9m 56s	$56K	$31K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against QFEX. 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 QFEXbpFee PhoenixbpOrdersPrice spread, now −0.029%Rate

Funding earned: $3.58
Price spread: −0.029% → 0.000%: −$2.91
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$16.33
Costs to cover: 0.170%
Break-even: 38.9 days

Slippage unknown: QFEX: live order book, 2 min ago; 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 QFEX live order book, 2 min ago	1.53 bp	8.0 bp −$8	8.1 bp −$81	9.4 bp −$939	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

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
Ondo Perps XAG-USD.P	−0.0027%	1h	65.130	−0.153%	$5.7M	$9.8M	25x	as long as short
Hotstuff SILVER-PERP	−0.0024%	1h	65.199	−0.048%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	65.197	−0.050%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.190	−0.061%	$27.7M	$39.1M	150x	as long as short
Variational Omni XAG	0.0000%	4h	65.227	−0.005%	$5.5M	$9.1M	—	as long as short
SunX XAG-USDT	0.0000%	4h	65.230	0.000%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.260	+0.046%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.240	+0.015%	$1.5M	$278K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.172	−0.089%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0028%	4h	65.230	0.000%	$140.5M	$181.5M	100x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XAG	+0.0032%	1h	65.234	+0.006%	$4.6M	$10.0M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.141	−0.137%	$5.0M	$11.8M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.794%	$11K	$94K	52x	as long as short
MEXC SILVER_USDT	+0.0034%	4h	65.220	−0.015%	$125.9M	$162.3M	1000x	as long as short
Binance XAGUSDT	+0.0035%	4h	65.200	−0.046%	$191.5M	$755.5M	100x	as long as short
Aster XAGUSDT	+0.0040%	4h	65.212	−0.028%	$2.7M	$976K	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.250	+0.031%	$785K	$3.0M	40x	as long as short
QFEX SILVER-USDlong	+0.0044%	1h	65.230	long leg	$161K	$1.4M	20x
edgeX XAGUSDC	+0.0046%	4h	65.107	−0.188%	$663K	$314K	30x	as long as short
Vest SI-PERP	+0.0046%	1h	65.658	+0.656%	—	—	25x	as long as short
Aevo XAG-PERP	+0.0048%	1h	65.231	+0.002%	$47K	—	10x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.215	−0.023%	$3.8M	$892K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.172	−0.089%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0054%	8h	65.212	−0.028%	$29K	$1K	5x	as long as short
Phoenix SILVERshort	+0.0061%	1h	65.211	−0.029%	$56K	$31K	25x
tradeXYZ xyz:SILVER	+0.0068%	1h	65.172	−0.089%	$173.2M	$84.9M	25x	as long as short
Kalshi KXSILVERPERP	+0.0080%	24h	65.181	−0.075%	$483K	$32.2M	8.1x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	64.970	−0.399%	$1.6M	$1.4M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.182	−0.074%	$464K	$600K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.200	−0.046%	$25.3M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.180	−0.077%	$111K	$19K	50x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.252	+0.034%	$1.3M	$4.9M	20x	as long as short
BloFin XAG-USDT	+0.0143%	4h	65.240	+0.015%	$2.7M	$626K	100x	as long as short
GRVT XAG_USDT_Perp	+0.0146%	4h	65.293	+0.096%	$395K	$1.6M	25x	as long as short
Nado XAG-PERP	+0.0154%	1h	65.207	−0.035%	$1.2M	$4.7M	10x	as long as short
Bitget XAGUSDT	+0.0160%	4h	65.200	−0.046%	$23.2M	$44.8M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0173%	8h	65.200	−0.046%	$28.4M	$70.5M	50x	as long as short
Lighter XAG	+0.0184%	1h	65.232	+0.003%	$5.3M	$11.3M	25x	as long as short
Aftermath Perps XAGUSD	+0.0192%	1h	65.173	−0.088%	$78K	$37K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0210%	1h	65.220	−0.015%	$65K	$397K	20x	as long as short
Hibachi XAG/USDT-P	+0.0232%	1h	65.239	+0.014%	$20K	$17K	10x	as long as short
Bullet SILVER-USD	+0.0235%	1h	65.243	+0.020%	$45K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.235	+0.008%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0364%	1h	65.211	−0.028%	$1.0M	$869K	25x	as long as short