XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.5% APRnext payment −$0.01 per $10,000 · paid last 24h −0.069%

Price spread now: QFEX against Deribit+0.260%7-day average −0.007% · 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−$2as in the Price arb table

costs, in and out, $10k−$290.290% of the position

Long on Deribit Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.116%−$12 on $10k

Price spread, last 4 days (all we have)−0.290%−$29 · spread now +0.260%, 7d avg −0.007%

Together, before fees−0.406%−$41 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 0.266% dearer against Deribit than usual: you sell high and buy low, +$27 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SILVER_USDC-PERPETUAL	65.510	0.0055	pay 0.0007% / 1h	28m 44s	$66K	$375K	20x
Short	QFEX SILVER-USD	65.680	0.0051	get 0.0006% / 1h	28m 44s	$156K	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Deribit. 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 DeribitbpFee QFEXbpOrdersPrice spread, now +0.260%Rate

Funding earned: −$0.88
Price spread: +0.260% → −0.007%: $26.61
Slippage, 4 orders: −$11.96
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$3.23
Costs to cover: 0.290%
Break-even: never at this rate

Slippage from Deribit: live order book, 20 min ago; QFEX: live order book, 9 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 Deribit live order book, 20 min ago	0.76 bp	10.2 bp −$10	11.5 bp −$115	doesn't fit	doesn't fit
Sell QFEX live order book, 9 min ago	1.52 bp	7.9 bp −$8	8.0 bp −$80	10.1 bp −$1,015	doesn't fit

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	−0.0034%	1h	65.250	−0.397%	$5.6M	$9.4M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.334	−0.269%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.540	+0.046%	$3K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.600	+0.137%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.520	+0.015%	$1.5M	$264K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.522	+0.018%	$120K	—	250x	as long as short
RISEx XAG/USDC	+0.0030%	1h	65.368	−0.216%	$1.3M	$4.9M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	65.377	−0.203%	$4.7M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.320	−0.290%	$5.1M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.359%	$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
Gate XAG_USDT	+0.0036%	4h	65.410	−0.153%	$144.0M	$169.0M	100x	as long as short
Phoenix SILVER	+0.0036%	1h	65.675	+0.252%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	65.710	+0.305%	$790K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.058	+0.837%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.603	+0.142%	$3.9M	$706K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.456	−0.082%	$3K	$6K	20x	as long as short
QFEX SILVER-USDshort	+0.0051%	1h	65.680	+0.260%	$156K	$2.8M	20x
Deribit SILVER_USDC-PERPETUALlong	+0.0055%	1h	65.510	long leg	$66K	$375K	20x
tradeXYZ xyz:SILVER	+0.0059%	1h	65.344	−0.253%	$165.5M	$78.2M	25x	as long as short
Paradex XAG-USD-PERP	+0.0059%	8h	65.342	−0.256%	$29K	$1K	5x	as long as short
Kalshi KXSILVERPERP	+0.0075%	24h	65.579	+0.105%	$533K	$28.0M	8.1x	as long as short
Bybit XAGUSDT	+0.0081%	4h	65.400	−0.168%	$28.3M	$39.0M	150x	as long as short
Aster XAGUSDT	+0.0095%	4h	65.382	−0.196%	$2.7M	$937K	100x	as long as short
Pacifica XAG	+0.0100%	1h	65.325	−0.282%	$465K	$619K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.350	−0.244%	$24.6M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.600	+0.137%	$112K	$30K	50x	as long as short
Lighter XAG	+0.0112%	1h	65.377	−0.202%	$5.3M	$11.1M	25x	as long as short
Aevo XAG-PERP	+0.0136%	1h	65.536	+0.039%	$47K	—	10x	as long as short
Variational Omni XAG	+0.0137%	4h	65.665	+0.236%	$5.6M	$9.5M	—	as long as short
Binance XAGUSDT	+0.0143%	4h	65.387	−0.188%	$190.0M	$725.0M	100x	as long as short
Hotstuff SILVER-PERP	+0.0144%	1h	65.686	+0.269%	$35K	$21K	20x	as long as short
MEXC SILVER_USDT	+0.0148%	4h	65.370	−0.214%	$110.7M	$157.3M	1000x	as long as short
Nado XAG-PERP	+0.0154%	1h	65.615	+0.160%	$1.3M	$5.5M	10x	as long as short
edgeX XAGUSDC	+0.0157%	4h	65.780	+0.413%	$669K	$313K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.430	−0.122%	$1.7M	$1.3M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0202%	4h	65.740	+0.351%	$388K	$1.5M	25x	as long as short
Bitget XAGUSDT	+0.0208%	4h	65.360	−0.229%	$24.1M	$47.7M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0217%	8h	65.360	−0.229%	$27.4M	$69.0M	50x	as long as short
Aftermath Perps XAGUSD	+0.0217%	1h	65.749	+0.365%	$79K	$37K	10x	as long as short
Bullet SILVER-USD	+0.0228%	1h	65.597	+0.133%	$43K	$76K	10x	as long as short
BloFin XAG-USDT	+0.0292%	4h	65.480	−0.046%	$2.6M	$611K	100x	as long as short
Hibachi XAG/USDT-P	+0.0352%	1h	65.662	+0.232%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0366% / S −0.0360%	1h	65.595	+0.130%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0470%	1h	65.548	+0.058%	$916K	$750K	25x	as long as short