XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0120%/8h= −13.1% APRnext payment −$0.15 per $10,000 · paid last 24h −0.044%

Price spread now: QFEX against Coinbase International+0.030%7-day average +0.015% · 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−$25as in the Price arb table

costs, in and out, $10k−$260.261% of the position

Long on Coinbase International Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.100%−$10 on $10k

Price spread, last 3 days (all we have)−0.083%−$8 · spread now +0.030%, 7d avg +0.015%

Together, before fees−0.183%−$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.015%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SILVER-PERP-INTX	66.040	0.0200	pay 0.0025% / 1h	1m 25s	$1.9M	$1.2M	20x
Short	QFEX SILVER-USD	66.060	0.0080	get 0.0010% / 1h	1m 25s	$143K	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Coinbase International. 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 Coinbase InternationalbpFee QFEXbpOrdersPrice spread, now +0.030%Rate

Funding earned: −$25.2
Price spread: +0.030% → +0.015%: $1.51
Slippage, 4 orders: −$6.06
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$49.75
Costs to cover: 0.261%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 2 min ago; QFEX: live order book, 11 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 Coinbase International live order book, 2 min ago	0.76 bp	5.8 bp −$6	7.4 bp −$74	doesn't fit	doesn't fit
Sell QFEX live order book, 11 min ago	2.27 bp	7.3 bp −$7	7.3 bp −$73	8.7 bp −$873	13.0 bp −$6,511

XAG on 42 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	−0.0040%	1h	66.019	−0.032%	$35K	$21K	20x	as long as short
BloFin XAG-USDT	−0.0003%	4h	66.040	0.000%	$2.6M	$1.2M	100x	as long as short
Nado XAG-PERP	−0.0002%	1h	66.075	+0.052%	$1.3M	$6.5M	10x	as long as short
dYdX XAG-USD	0.0000%	1h	66.057	+0.026%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.090	+0.076%	$25.6M	$35.7M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.080	+0.061%	$146.9M	$185.9M	100x	as long as short
GRVT XAG_USDT_Perp	0.0000%	4h	66.047	+0.010%	$392K	$1.6M	25x	as long as short
Bullet SILVER-USD	0.0000%	1h	66.095	+0.084%	$44K	$74K	10x	as long as short
SunX XAG-USDT	0.0000%	4h	66.070	+0.045%	$2K	$3.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.080	+0.061%	$1.0M	$1.2M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex XAGUSDT	0.0000%	4h	66.090	+0.076%	$1.5M	$248K	100x	as long as short
Aftermath Perps XAGUSD	+0.0010%	1h	66.034	−0.008%	$79K	$40K	10x	as long as short
Aster XAGUSDT	+0.0011%	4h	66.050	+0.016%	$2.8M	$1.1M	100x	as long as short
Bitget XAGUSDT	+0.0014%	4h	66.080	+0.061%	$23.6M	$51.8M	100x	as long as short
Lighter XAG	+0.0032%	1h	66.051	+0.017%	$5.1M	$11.5M	25x	as long as short
Lighter RH XAG	+0.0032%	1h	66.052	+0.018%	$4.4M	$10.0M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.028	−0.018%	$5.3M	$14.8M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.545%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.030	−0.015%	$790K	$2.8M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.583	+0.822%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.025	−0.023%	$163.7M	$95.7M	25x	as long as short
MEXC SILVER_USDT	+0.0050%	4h	66.080	+0.061%	$122.1M	$192.8M	1000x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.031	−0.014%	$3.9M	$742K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.013	−0.041%	$4K	$5K	20x	as long as short
Binance XAGUSDT	+0.0050%	4h	66.101	+0.092%	$190.2M	$783.5M	100x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.030	−0.015%	$5.4M	$9.7M	25x	as long as short
edgeX XAGUSDC	+0.0052%	4h	66.085	+0.068%	$670K	$315K	30x	as long as short
Kalshi KXSILVERPERP	+0.0055%	24h	66.025	−0.023%	$637K	$21.7M	8.1x	as long as short
Variational Omni XAG	+0.0057%	4h	66.002	−0.057%	$5.3M	$11.3M	—	as long as short
Aevo XAG-PERP	+0.0064%	1h	66.068	+0.042%	$47K	—	10x	as long as short
Phoenix SILVER	+0.0073%	1h	66.019	−0.032%	$56K	$26K	25x	as long as short
QFEX SILVER-USDshort	+0.0080%	1h	66.060	+0.030%	$143K	$2.8M	20x
Paradex XAG-USD-PERP	+0.0096%	8h	66.071	+0.046%	$30K	$1K	5x	as long as short
Pacifica XAG	+0.0100%	1h	66.043	+0.005%	$472K	$645K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.050	+0.015%	$24.2M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.030	−0.015%	$112K	$85K	50x	as long as short
OKX XAG-USDT-SWAP	+0.0141%	8h	66.100	+0.091%	$27.4M	$69.9M	50x	as long as short
Coinbase International SILVER-PERP-INTXlong	+0.0200%	1h	66.040	long leg	$1.9M	$1.2M	20x
Deribit SILVER_USDC-PERPETUAL	+0.0356%	1h	66.090	+0.076%	$76K	$347K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0359% / S −0.0369%	1h	66.105	+0.098%	$103K	—	29x	as long as short
RISEx XAG/USDC	+0.0432%	1h	66.093	+0.081%	$1.3M	$4.3M	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0614%	1h	66.054	+0.021%	$776K	$610K	25x	as long as short