Funding you earn now, next payment 05:00 UTC−0.0236%/8h= −25.9% APRnext payment −$0.30 per $10,000 · paid last 24h −0.057%
Price spread now: QFEX against Hibachi+0.064%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread pays, funding is against you. QFEX is 0.064% dearer against Hibachi than usual: you sell high and buy low (spread +0.064% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 22 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hibachi XAG/USDT-P | 66.008 | 0.0296 | pay 0.0037% / 1h | 17m 03s | $20K | $19K | 10x |
| Short | QFEX SILVER-USD | 66.050 | 0.0060 | get 0.0007% / 1h | 17m 03s | $114K | $2.7M | 20x |
Hibachi XAG/USDT-P
QFEX SILVER-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Hibachi. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$49.58
- Price spread: +0.064% → 0.000%
- $6.38
- Slippage, 4 orders
- no order book: not counted
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$62.2
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Hibachi: 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 Hibachi no order-book sample | — | — | — | — | — |
| Sell QFEX live order book, 6 min ago | 2.27 bp | 8.7 bp −$9 | 8.8 bp −$88 | 9.3 bp −$926 | doesn't fit |
Hibachi: 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 | −0.0062% | 1h | 65.950 | −0.088% | $5.7M | $9.3M | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.989 | −0.029% | $14K | $66 | 5x | as long as short |
| Hotstuff SILVER-PERP | 0.0000% | 1h | 66.029 | +0.032% | $35K | $21K | 20x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.090 | +0.124% | $2K | $2.6M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.080 | +0.109% | $1.0M | $949K | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.070 | +0.094% | $1.5M | $320K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 65.998 | −0.015% | $120K | — | 250x | as long as short |
| Gate XAG_USDT | +0.0016% | 4h | 66.080 | +0.109% | $149.9M | $164.0M | 100x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.058 | +0.076% | $4.8M | $9.5M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 65.999 | −0.013% | $5.2M | $11.5M | 10x | as long as short |
Ondo Perps XAG-USD.P
dYdX XAG-USD
Hotstuff SILVER-PERP
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Gate XAG_USDT
Lighter RH XAG
Extended XAG-USDShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.594% | $11K | $94K | 52x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 66.060 | +0.079% | $795K | $3.0M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.482 | +0.718% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.025 | +0.026% | $3.9M | $672K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.001 | −0.010% | $3K | $6K | 20x | as long as short |
| tradeXYZ xyz:SILVER | +0.0051% | 1h | 66.034 | +0.040% | $166.3M | $74.0M | 25x | as long as short |
| Paradex XAG-USD-PERP | +0.0056% | 8h | 66.045 | +0.056% | $30K | $1K | 5x | as long as short |
| QFEX SILVER-USDshort | +0.0060% | 1h | 66.050 | +0.064% | $114K | $2.7M | 20x | |
| Phoenix SILVER | +0.0073% | 1h | 65.995 | −0.020% | $56K | $26K | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0073% | 24h | 66.018 | +0.015% | $557K | $26.4M | 8.1x | as long as short |
| RISEx XAG/USDC | +0.0080% | 1h | 66.072 | +0.097% | $1.3M | $4.9M | 20x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.007 | −0.001% | $470K | $605K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.020 | +0.018% | $24.4M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.060 | +0.079% | $113K | $30K | 50x | as long as short |
| Lighter XAG | +0.0104% | 1h | 66.061 | +0.080% | $5.2M | $10.8M | 25x | as long as short |
| Bybit XAGUSDT | +0.0123% | 4h | 66.080 | +0.109% | $27.8M | $36.5M | 150x | as long as short |
| Aster XAGUSDT | +0.0136% | 4h | 66.071 | +0.096% | $2.7M | $866K | 100x | as long as short |
| Aevo XAG-PERP | +0.0168% | 1h | 66.053 | +0.069% | $47K | — | 10x | as long as short |
| Variational Omni XAG | +0.0171% | 4h | 66.073 | +0.099% | $5.7M | $9.5M | — | as long as short |
| Nado XAG-PERP | +0.0172% | 1h | 66.019 | +0.017% | $1.4M | $5.8M | 10x | as long as short |
| Binance XAGUSDT | +0.0178% | 4h | 66.080 | +0.109% | $190.9M | $702.8M | 100x | as long as short |
| MEXC SILVER_USDT | +0.0178% | 4h | 66.060 | +0.079% | $115.0M | $152.7M | 1000x | as long as short |
| GRVT XAG_USDT_Perp | +0.0178% | 4h | 66.085 | +0.116% | $395K | $1.5M | 25x | as long as short |
| edgeX XAGUSDC | +0.0187% | 4h | 66.071 | +0.095% | $670K | $311K | 30x | as long as short |
| Aftermath Perps XAGUSD | +0.0188% | 1h | 66.046 | +0.058% | $79K | $36K | 10x | as long as short |
| BloFin XAG-USDT | +0.0207% | 4h | 66.080 | +0.109% | $2.6M | $563K | 100x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0208% | 1h | 66.030 | +0.033% | $1.8M | $1.0M | 20x | as long as short |
| OKX XAG-USDT-SWAP | +0.0224% | 8h | 66.070 | +0.094% | $27.7M | $64.5M | 50x | as long as short |
| Bitget XAGUSDT | +0.0226% | 4h | 66.070 | +0.094% | $23.9M | $45.2M | 100x | as long as short |
| Bullet SILVER-USD | +0.0227% | 1h | 66.067 | +0.090% | $45K | $75K | 10x | as long as short |
| Hibachi XAG/USDT-Plong | +0.0296% | 1h | 66.008 | long leg | $20K | $19K | 10x | |
| Deribit SILVER_USDC-PERPETUAL | +0.0356% | 1h | 66.060 | +0.079% | $75K | $363K | 20x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0387% / S −0.0440% | 1h | 66.065 | +0.086% | $105K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0624% | 1h | 66.032 | +0.037% | $911K | $683K | 25x | as long as short |
Injective XAG/USDC PERP
StandX XAG-USD
Vest SI-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
tradeXYZ xyz:SILVER
Paradex XAG-USD-PERP
Phoenix SILVER
Kalshi KXSILVERPERP
RISEx XAG/USDC
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Lighter XAG
Bybit XAGUSDT
Aster XAGUSDT
Aevo XAG-PERP
Variational Omni XAG
Nado XAG-PERP
Binance XAGUSDT
MEXC SILVER_USDT
GRVT XAG_USDT_Perp
edgeX XAGUSDC
Aftermath Perps XAGUSD
BloFin XAG-USDT
Coinbase International SILVER-PERP-INTX
OKX XAG-USDT-SWAP
Bitget XAGUSDT
Bullet SILVER-USD
Deribit SILVER_USDC-PERPETUAL
GMX SILVER/USD [ETH-USDC]
Kraken Futures PF_XAGUSD