XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0166%/8h= −18.2% APRnext payment −$0.21 per $10,000 · paid last 24h −0.050%

Price spread now: QFEX against Bullet−0.046%50s7-day average — · you buy dearer than you sell

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

Long on Bullet Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 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 against this trade now: funding costs −$5 a day on $10k at the current rate, and QFEX is 0.046% cheaper against Bullet than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 50 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	Bullet SILVER-USD	66.080	0.0226	pay 0.0028% / 1h	21m 28s	$45K	$76K	10x
Short	QFEX SILVER-USD	66.050	0.0060	get 0.0007% / 1h	21m 28s	$114K	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Bullet. 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 BulletbpFee QFEXbpOrdersPrice spread, now −0.046%Rate

Funding earned: −$34.95
Price spread: −0.046% → 0.000%: −$4.6
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$57.56
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Bullet: no order-book sample; QFEX: live order book, 6 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 Bullet no order-book sample	—	—	—	—	—
Sell QFEX live order book, 6 min ago	1.51 bp	6.5 bp −$7	6.5 bp −$65	8.6 bp −$856	doesn't fit

Bullet: 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	−0.0058%	1h	65.960	−0.182%	$5.7M	$9.3M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.989	−0.139%	$15K	—	5x	as long as short
SunX XAG-USDT	0.0000%	4h	66.080	−0.001%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.120	+0.060%	$1.0M	$957K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.080	−0.001%	$1.5M	$320K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.020	−0.091%	$120K	—	250x	as long as short
Gate XAG_USDT	+0.0004%	4h	66.100	+0.030%	$149.9M	$163.9M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	66.070	−0.016%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.024	−0.086%	$5.2M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.484%	$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	66.060	−0.031%	$795K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.502	+0.638%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.043	−0.057%	$166.4M	$73.9M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.040	−0.061%	$3.9M	$674K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.021	−0.090%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0056%	8h	66.063	−0.026%	$30K	$1K	5x	as long as short
QFEX SILVER-USDshort	+0.0060%	1h	66.050	−0.046%	$114K	$2.7M	20x
Hotstuff SILVER-PERP	+0.0072%	1h	66.050	−0.046%	$35K	$21K	20x	as long as short
Phoenix SILVER	+0.0073%	1h	65.995	−0.129%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0073%	24h	66.044	−0.055%	$518K	$26.1M	8.1x	as long as short
RISEx XAG/USDC	+0.0080%	1h	66.083	+0.004%	$1.3M	$4.9M	20x	as long as short
Lighter XAG	+0.0096%	1h	66.073	−0.012%	$5.3M	$10.8M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.026	−0.083%	$470K	$608K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.050	−0.046%	$24.4M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.020	−0.091%	$113K	$30K	50x	as long as short
Bybit XAGUSDT	+0.0117%	4h	66.100	+0.030%	$27.8M	$36.6M	150x	as long as short
Aster XAGUSDT	+0.0126%	4h	66.080	−0.001%	$2.7M	$866K	100x	as long as short
BloFin XAG-USDT	+0.0160%	4h	66.040	−0.061%	$2.6M	$563K	100x	as long as short
Aevo XAG-PERP	+0.0168%	1h	66.064	−0.024%	$47K	—	10x	as long as short
Nado XAG-PERP	+0.0170%	1h	66.042	−0.059%	$1.4M	$5.8M	10x	as long as short
Variational Omni XAG	+0.0178%	4h	66.013	−0.102%	$5.6M	$9.4M	—	as long as short
Binance XAGUSDT	+0.0184%	4h	66.081	0.000%	$191.2M	$702.1M	100x	as long as short
MEXC SILVER_USDT	+0.0184%	4h	66.070	−0.016%	$114.7M	$152.6M	1000x	as long as short
Aftermath Perps XAGUSD	+0.0189%	1h	65.974	−0.160%	$79K	$36K	10x	as long as short
edgeX XAGUSDC	+0.0195%	4h	66.031	−0.075%	$670K	$311K	30x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0204%	1h	66.060	−0.031%	$75K	$363K	20x	as long as short
GRVT XAG_USDT_Perp	+0.0206%	4h	66.026	−0.082%	$394K	$1.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	66.030	−0.076%	$1.8M	$1.0M	20x	as long as short
OKX XAG-USDT-SWAP	+0.0226%	8h	66.090	+0.014%	$27.7M	$64.6M	50x	as long as short
Bullet SILVER-USDlong	+0.0226%	1h	66.080	long leg	$45K	$76K	10x
Bitget XAGUSDT	+0.0228%	4h	66.080	−0.001%	$24.0M	$45.2M	100x	as long as short
Hibachi XAG/USDT-P	+0.0304%	1h	66.020	−0.091%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0388% / S −0.0440%	1h	66.085	+0.007%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0623%	1h	66.046	−0.053%	$912K	$683K	25x	as long as short