XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0019%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.004%

Price spread now: QFEX against Lighter RH+0.033%7-day average +0.005% · 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−$19as in the Price arb table

costs, in and out, $10k−$210.215% of the position

Long on Lighter RH Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.013%−$1 on $10k

Price spread, last 7 days−0.030%−$3 · spread now +0.033%, 7d avg +0.005%

Together, before fees−0.043%+ Points / potential airdropLighter RH: Points live · farm board−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and QFEX is 0.028% dearer against Lighter RH than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH XAG	66.818	0.0032	pay 0.0004% / 1h	49m 10s	$4.8M	$9.5M	25x
Short	QFEX SILVER-USD	66.840	0.0051	get 0.0006% / 1h	49m 10s	$115K	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Lighter RH. 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 Lighter RHbpFee QFEXbpOrdersPrice spread, now +0.033%Rate

Funding earned: $3.91
Price spread: +0.033% → +0.005%: $2.78
Slippage, 4 orders: −$11.46
Fee Lighter RH: 0 bp × 2 orders: $0
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$14.77
Costs to cover: 0.215%
Break-even: 33.4 days

Slippage from Lighter RH: live order book, 5 min ago; QFEX: live order book, 3 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 Lighter RH live order book, 5 min ago	0.39 bp	3.5 bp −$4	4.3 bp −$43	21.5 bp −$2,153	doesn't fit
Sell QFEX live order book, 3 min ago	1.50 bp	9.3 bp −$9	9.5 bp −$95	9.5 bp −$950	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
dYdX XAG-USD	0.0000%	1h	66.797	−0.031%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.840	+0.033%	$26.1M	$35.3M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.830	+0.018%	$155.6M	$165.7M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.840	+0.033%	$2K	$3.0M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.870	+0.078%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.840	+0.033%	$1.5M	$252K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.774	−0.066%	$121K	—	250x	as long as short
Hotstuff SILVER-PERP	+0.0016%	1h	66.827	+0.013%	$36K	$21K	20x	as long as short
Lighter RH XAGlong	+0.0032%	1h	66.818	long leg	$4.8M	$9.5M	25x
Extended XAG-USD	+0.0032%	1h	66.778	−0.059%	$5.4M	$13.2M	10x	as long as short

Show 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	−0.626%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.760	−0.087%	$803K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	67.282	+0.694%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.759	−0.088%	$57K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.793	−0.037%	$166.3M	$86.0M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.808	−0.015%	$3.9M	$700K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.779	−0.058%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.750	−0.102%	$5.7M	$9.8M	25x	as long as short
QFEX SILVER-USDshort	+0.0051%	1h	66.840	+0.033%	$115K	$2.8M	20x
Kalshi KXSILVERPERP	+0.0060%	24h	66.790	−0.042%	$570K	$21.9M	8.1x	as long as short
Lighter XAG	+0.0080%	1h	66.820	+0.003%	$5.4M	$10.4M	25x	as long as short
Paradex XAG-USD-PERP	+0.0090%	8h	66.853	+0.053%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0091%	4h	66.775	−0.065%	$5.7M	$9.9M	—	as long as short
Pacifica XAG	+0.0100%	1h	66.809	−0.014%	$476K	$629K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.830	+0.018%	$24.7M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.750	−0.102%	$127K	$26K	50x	as long as short
Aster XAGUSDT	+0.0104%	4h	66.841	+0.034%	$2.8M	$1.1M	100x	as long as short
Aevo XAG-PERP	+0.0104%	1h	66.803	−0.023%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0106%	4h	66.830	+0.018%	$116.4M	$155.6M	1000x	as long as short
Binance XAGUSDT	+0.0107%	4h	66.839	+0.032%	$192.4M	$725.9M	100x	as long as short
edgeX XAGUSDC	+0.0115%	4h	66.802	−0.024%	$678K	$314K	30x	as long as short
Nado XAG-PERP	+0.0128%	1h	66.819	+0.001%	$1.3M	$6.5M	10x	as long as short
RISEx XAG/USDC	+0.0148%	1h	66.861	+0.065%	$1.3M	$4.2M	20x	as long as short
BloFin XAG-USDT	+0.0164%	4h	66.830	+0.018%	$2.6M	$692K	100x	as long as short
Bitget XAGUSDT	+0.0166%	4h	66.840	+0.033%	$24.8M	$48.7M	100x	as long as short
Aftermath Perps XAGUSD	+0.0175%	1h	66.754	−0.096%	$80K	$40K	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.780	−0.057%	$1.9M	$967K	20x	as long as short
Bullet SILVER-USD	+0.0187%	1h	66.846	+0.042%	$45K	$76K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0190%	8h	66.840	+0.033%	$28.2M	$67.6M	50x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0199%	1h	66.820	+0.003%	$51K	$344K	20x	as long as short
Hibachi XAG/USDT-P	+0.0232%	1h	66.779	−0.058%	$20K	$22K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0274%	4h	66.790	−0.042%	$397K	$1.5M	25x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.825	+0.010%	$104K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0486%	1h	66.812	−0.009%	$767K	$589K	25x	as long as short