Funding you earn now, next payment 03:00 UTC−0.0155%/8h= −16.9% APRnext payment −$0.19 per $10,000 · paid last 24h −0.040%
Price spread now: QFEX against Nado+0.062%7-day average −0.014% · 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−$15as in the Price arb table
costs, in and out, $10k−$220.224% of the position
Funding, last 3 days (all we have)−0.060%−$6 on $10k
+Price spread, last 7 days−0.066%−$7 · spread now +0.062%, 7d avg −0.014%
=Together, before fees−0.126%+ Points / potential airdropNado: Active · farm board−$13 on $10k · with fees, hour by hour
The price spread pays, funding is against you. QFEX is 0.077% dearer against Nado than usual: you sell high and buy low (spread +0.062% now, against its 7-day average of −0.014%): +$8 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 40 hours. At the pace of the last 3 days (−0.060% in total) that is about 4.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado XAG-PERP | 66.279 | 0.0217 | pay 0.0027% / 1h | 30m 58s | $1.3M | $6.5M | 10x |
| Short | QFEX SILVER-USD | 66.320 | 0.0062 | get 0.0008% / 1h | 30m 58s | $115K | $2.7M | 20x |
Nado XAG-PERP
QFEX SILVER-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Nado. 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
- −$32.5
- Price spread: +0.062% → −0.014%
- $7.65
- Slippage, 4 orders
- −$5.38
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$47.23
- Costs to cover
- 0.224%
- Break-even
- never at this rate
Slippage from Nado: live order book, 3 min ago; QFEX: live order book, 7 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 Nado live order book, 3 min ago | 0.08 bp | 4.3 bp −$4 | 9.4 bp −$94 | 30.0 bp −$3,000 | doesn't fit |
| Sell QFEX live order book, 7 min ago | 2.27 bp | 7.3 bp −$7 | 7.3 bp −$73 | 9.3 bp −$935 | 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 | 66.218 | −0.092% | $15K | — | 5x | as long as short |
| Hotstuff SILVER-PERP | 0.0000% | 1h | 66.301 | +0.034% | $35K | $21K | 20x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.340 | +0.092% | $150.4M | $163.7M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.320 | +0.062% | $2K | $2.7M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.360 | +0.123% | $1.0M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.350 | +0.108% | $1.5M | $251K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.260 | −0.028% | $121K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.312 | +0.050% | $4.8M | $9.4M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.259 | −0.030% | $5.3M | $12.2M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.183% | $11K | $94K | 52x | as long as short |
dYdX XAG-USD
Hotstuff SILVER-PERP
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Lighter RH XAG
Extended XAG-USD
Injective XAG/USDC PERPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX XAG-USD | +0.0040% | 1h | 66.220 | −0.089% | $796K | $2.9M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.748 | +0.708% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.296 | +0.026% | $3.9M | $672K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.266 | −0.019% | $3K | $6K | 20x | as long as short |
| Ondo Perps XAG-USD.P | +0.0050% | 1h | 66.230 | −0.074% | $5.7M | $9.8M | 25x | as long as short |
| QFEX SILVER-USDshort | +0.0062% | 1h | 66.320 | +0.062% | $115K | $2.7M | 20x | |
| Kalshi KXSILVERPERP | +0.0064% | 24h | 66.282 | +0.005% | $571K | $24.5M | 8.1x | as long as short |
| Phoenix SILVER | +0.0084% | 1h | 66.244 | −0.052% | $56K | $26K | 25x | as long as short |
| tradeXYZ xyz:SILVER | +0.0094% | 1h | 66.302 | +0.035% | $166.0M | $74.1M | 25x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.276 | −0.004% | $471K | $607K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.290 | +0.017% | $24.5M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.210 | −0.104% | $113K | $30K | 50x | as long as short |
| Paradex XAG-USD-PERP | +0.0135% | 8h | 66.325 | +0.069% | $30K | $1K | 5x | as long as short |
| Aster XAGUSDT | +0.0135% | 4h | 66.320 | +0.062% | $2.7M | $892K | 100x | as long as short |
| BloFin XAG-USDT | +0.0149% | 4h | 66.300 | +0.032% | $2.6M | $553K | 100x | as long as short |
| Bybit XAGUSDT | +0.0166% | 4h | 66.350 | +0.108% | $26.8M | $36.2M | 150x | as long as short |
| Aevo XAG-PERP | +0.0176% | 1h | 66.330 | +0.077% | $48K | — | 10x | as long as short |
| Variational Omni XAG | +0.0179% | 4h | 66.321 | +0.064% | $5.6M | $9.8M | — | as long as short |
| RISEx XAG/USDC | +0.0181% | 1h | 66.331 | +0.079% | $1.3M | $4.5M | 20x | as long as short |
| Lighter XAG | +0.0184% | 1h | 66.328 | +0.075% | $5.3M | $10.5M | 25x | as long as short |
| MEXC SILVER_USDT | +0.0192% | 4h | 66.330 | +0.077% | $111.2M | $152.2M | 1000x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0192% | 1h | 66.250 | −0.043% | $1.9M | $980K | 20x | as long as short |
| Binance XAGUSDT | +0.0193% | 4h | 66.346 | +0.102% | $192.3M | $707.0M | 100x | as long as short |
| edgeX XAGUSDC | +0.0198% | 4h | 66.273 | −0.008% | $672K | $315K | 30x | as long as short |
| OKX XAG-USDT-SWAP | +0.0216% | 8h | 66.340 | +0.092% | $27.8M | $65.9M | 50x | as long as short |
| Nado XAG-PERPlong | +0.0217% | 1h | 66.279 | long leg | $1.3M | $6.5M | 10x | |
| Aftermath Perps XAGUSD | +0.0235% | 1h | 66.221 | −0.088% | $80K | $38K | 10x | as long as short |
| Bitget XAGUSDT | +0.0248% | 4h | 66.340 | +0.092% | $23.8M | $45.9M | 100x | as long as short |
| GRVT XAG_USDT_Perp | +0.0264% | 4h | 66.280 | +0.002% | $402K | $1.5M | 25x | as long as short |
| Hibachi XAG/USDT-P | +0.0264% | 1h | 66.224 | −0.082% | $20K | $22K | 10x | as long as short |
| Bullet SILVER-USD | +0.0279% | 1h | 66.340 | +0.092% | $45K | $75K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0348% / S −0.0368% | 1h | 66.335 | +0.085% | $103K | — | 111x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0504% | 1h | 66.330 | +0.077% | $50K | $322K | 20x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0549% | 1h | 66.303 | +0.037% | $916K | $675K | 25x | as long as short |
StandX XAG-USD
Vest SI-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Ondo Perps XAG-USD.P
Kalshi KXSILVERPERP
Phoenix SILVER
tradeXYZ xyz:SILVER
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Paradex XAG-USD-PERP
Aster XAGUSDT
BloFin XAG-USDT
Bybit XAGUSDT
Aevo XAG-PERP
Variational Omni XAG
RISEx XAG/USDC
Lighter XAG
MEXC SILVER_USDT
Coinbase International SILVER-PERP-INTX
Binance XAGUSDT
edgeX XAGUSDC
OKX XAG-USDT-SWAP
Aftermath Perps XAGUSD
Bitget XAGUSDT
GRVT XAG_USDT_Perp
Hibachi XAG/USDT-P
Bullet SILVER-USD
GMX SILVER/USD [ETH-USDC]
Deribit SILVER_USDC-PERPETUAL
Kraken Futures PF_XAGUSD