Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0004%/8h= +0.5% APRpaid last 24h −0.010%

Price spread now: QFEX against Aster+0.015%7-day average −0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$260.256% of the position

Long on Aster Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.009%−$1 on $10k

Price spread, last 7 days−0.094%−$9 · spread now +0.015%, 7d avg −0.046%

Together, before fees−0.103%+ Points / potential airdropAster: Stage 5 · farm board−$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.062% dearer against Aster than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XAGUSDT	65.550	0.0038	pay 0.0019% / 4h	9m 31s	$2.7M	$1.2M	100x
Short	QFEX SILVER-USD	65.560	0.0042	get 0.0005% / 1h	9m 31s	$446K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Aster. 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 AsterbpFee QFEXbpOrdersPrice spread, now +0.015%Rate

Funding earned: $0.91
Price spread: +0.015% → −0.046%: $6.15
Slippage, 4 orders: −$7.63
Fee Aster: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$18.57
Costs to cover: 0.256%
Break-even: 149.6 days

Slippage from Aster: live order book, 2 min ago; QFEX: 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 Aster live order book, 2 min ago	0.76 bp	4.8 bp −$5	5.6 bp −$56	15.0 bp −$1,503	doesn't fit
Sell QFEX live order book, 5 min ago	3.05 bp	8.1 bp −$8	8.1 bp −$81	9.8 bp −$982	14.3 bp −$7,128

XAG on 44 exchanges

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	−0.6920%	1h	65.534	−0.024%	$39K	$26K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	65.485	−0.099%	$13K	$8K	5x	as long as short
RISEx XAG/USDC	0.0000%	1h	65.579	+0.044%	$1.3M	$5.6M	20x	as long as short
Gate XAG_USDT	0.0000%	4h	65.590	+0.061%	$135.1M	$204.4M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.560	+0.015%	$2K	$2.3M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.570	+0.031%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.570	+0.031%	$1.5M	$257K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.489	−0.093%	$118K	—	250x	as long as short
Variational Omni XAG	+0.0014%	4h	65.557	+0.011%	$5.4M	$9.3M	—	as long as short
Ondo Perps XAG-USD.P	+0.0029%	1h	65.470	−0.122%	$5.7M	$11.1M	25x	as long as short

Show all 44 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XAG	+0.0032%	1h	65.560	+0.016%	$4.6M	$10.0M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.505	−0.068%	$5.1M	$12.3M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	64.602	−1.446%	$11K	$240	52x	as long as short
Aster XAGUSDTlong	+0.0038%	4h	65.550	long leg	$2.7M	$1.2M	100x
StandX XAG-USD	+0.0040%	1h	65.580	+0.046%	$789K	$3.1M	40x	as long as short
MEXC SILVER_USDT	+0.0042%	4h	65.580	+0.046%	$120.5M	$166.5M	1000x	as long as short
QFEX SILVER-USDshort	+0.0042%	1h	65.560	+0.015%	$446K	$1.4M	20x
Binance XAGUSDT	+0.0043%	4h	65.572	+0.034%	$191.0M	$862.5M	100x	as long as short
Vest SI-PERP	+0.0046%	1h	66.003	+0.691%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.534	−0.024%	$3.8M	$1.5M	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.495	−0.084%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0052%	8h	65.550	+0.001%	$29K	—	5x	as long as short
Aevo XAG-PERP	+0.0056%	1h	65.509	−0.062%	$47K	—	10x	as long as short
Bybit XAGUSDT	+0.0058%	4h	65.580	+0.046%	$30.8M	$48.6M	150x	as long as short
edgeX XAGUSDC	+0.0065%	4h	65.539	−0.017%	$668K	$313K	30x	as long as short
GRVT XAG_USDT_Perp	+0.0078%	4h	65.571	+0.032%	$390K	$1.6M	25x	as long as short
tradeXYZ xyz:SILVER	+0.0084%	1h	65.533	−0.026%	$175.6M	$85.8M	25x	as long as short
Pacifica XAG	+0.0100%	1h	65.506	−0.067%	$462K	$501K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.530	−0.031%	$25.3M	$4.1M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.540	−0.015%	$112K	$19K	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	65.540	−0.015%	$1.6M	$2.1M	20x	as long as short
Kalshi KXSILVERPERP	+0.0111%	24h	65.556	+0.009%	$788K	$38.8M	8.1x	as long as short
Nado XAG-PERP	+0.0133%	1h	65.529	−0.032%	$1.1M	$3.2M	10x	as long as short
Phoenix SILVER	+0.0134%	1h	65.526	−0.037%	$55K	$15K	25x	as long as short
Lighter XAG	+0.0144%	1h	65.564	+0.022%	$5.3M	$12.2M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0160%	8h	65.580	+0.046%	$27.6M	$86.4M	50x	as long as short
BloFin XAG-USDT	+0.0172%	4h	65.550	0.000%	$2.6M	$770K	100x	as long as short
Bitget XAGUSDT	+0.0186%	4h	65.580	+0.046%	$23.4M	$53.5M	100x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0208%	1h	65.540	−0.015%	$77K	$381K	20x	as long as short
Aftermath Perps XAGUSD	+0.0224%	1h	65.522	−0.043%	$79K	$37K	10x	as long as short
Hibachi XAG/USDT-P	+0.0232%	1h	65.518	−0.048%	$21K	$12K	10x	as long as short
Bullet SILVER-USD	+0.0236%	1h	65.589	+0.059%	$43K	$70K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0244% / S −0.0204%	1h	65.565	+0.023%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0540%	1h	65.542	−0.013%	$1.0M	$959K	25x	as long as short