XAG

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BingXNCCOXAG2USD-USDT	60.720	+0.0342	pay 0.0171% / 4h	4m 18s	$2.2M	$34.3M	—	Long BingX
SHORT	QFEXSILVER-USD	60.690	+0.0052	get 0.0006% / 1h	4m 18s	$2.3M	$536K	20x	Short QFEX

Price gap−0.049%

Funding gap−0.0290% /8h

Both sides work against this direction now: funding costs $9 a day on $10k and the gap is 0.026% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$44−0.0290% /8h now · paid −0.441% over the last 7D

Price−$3spread −0.049% now, avg −0.023% → −0.026% if it goes back

Costs−$280.282% of $10k · taker + slippage, in and out

Result−$75−0.75%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · loading 5m…

Price spread

Prices

Fundingper 8h

P&L

PRICE SPREAD · 7D

Now−0.049%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

XAG on 46 exchanges

lowest funding first

Before you open

1 ok · 3 to watch

OK: Fits both order books5.8 / 7.5 bp
Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
Note: Margin at max leverage— + $500
BingX —, QFEX 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ4h / 1h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: −$8.71Long BingX: 6 payments, −$10.26; short QFEX: 24 payments, +$1.55.
Watch: Gap narrower than usual−0.049% vs −0.023%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Note: Long leg is thinner$2.2M vs $2.3M OI
Both legs are deep; BingX is the smaller one.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCBingX Yes · QFEX No
Advanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0210%/8h × 21 periods−$44.11

Price spread−0.049% → −0.023% (7d avg)−$2.60

Slippage, 4 orderslive order books−$8.24

Fee BingX bp × 2 orders−$10.00

Fee QFEX bp × 2 orders−$10.00

Net · 7 days · $10k−$74.95

Costs to cover0.282%Break-evennever at this rate

Slippage: BingX: live order book, 13 min ago; QFEX: live order book, 7 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBingX0.825.8 bp−$65.8 bp−$587.1 bp−$70810.2 bp−$5,093

SELL · SHORTQFEX2.477.5 bp−$77.5 bp−$757.8 bp−$77713.0 bp−$6,497

Closing costs about the same again.

XAG news

posts that mention XAG or Silver, from every exchangeSearch all news →

09-30 07:14	Aster	Listing	new market SIUSDT ($XAG) seen by our collector
09-30 03:46	Gate	Listing	new market SI_USDT ($XAG) seen by our collector
09-28 15:17	Ondo Perps	Product	Introducing spot trading for @Ondo Stocks. This brings the basis trade onto a single platform: 1. Buy Ondo Stocks 2. Deploy them as collateral 3. Short the corresponding perp to collect funding Because the spot holding doubles as long exposure and collateral, delta-neutral strategies become more capital efficient. Running both legs on a single platform also eliminates the risks of managing positions across separate platforms. Starting with 12 assets: ✅ Silver (SLVon) ✅ Gold (GLDon) ✅ Micron (MUon) ✅ Tesla (TSLAon) ✅ Circle (CRCLon) ✅ NVIDIA (NVDAon) ✅ SpaceX (SPCXon) ✅ Sandisk (SNDKon) ✅ Alphabet (GOOGLon) ✅ S&P 500 ETF (SPYon) ✅ Invesco QQQ (QQQon) ✅ Roundhill Memory ETF (DRAMon) ✅ & more to come For the first time, Ondo Stocks are available for permissionless trading (outside the US) on a spot central limit order book. Ondo Stocks opened access to tokenized equities, supporting them as collateral made those holdings productive, and now, spot trading on Ondo Perps brings the entire workflow to a single platform. Another step closer to onchain prime brokerage. To celebrate the launch, spot trading is fee-free for the first 30 days. Build a basis trade → @OndoPerps on X ↗
09-26 13:03	MEXC	Listing	new market SI_USDT ($XAG) seen by our collector
09-24 04:18	BingX	Listing	new market SI-USDT ($XAG) seen by our collector
09-23 15:00	Vest Markets	Other	$SLV is down around 3.5% on today's session, with precious metals broadly lower and the dollar near a two-month high. The 10-year yield is near 4.98%, with Fed officials reaffirming last week's rate hike, the first since 2023. $GLD is down around 1.6% on the session, with the pullback taking silver back below the multi-year highs it held earlier this week. @VestExchange on X ↗

XAG