Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0135%/8h= −14.8% APRpaid last 24h −0.031%

Price spread now: QFEX against OKX−0.046%7-day average −0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$280.276% of the position

Long on OKX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.025%−$2 on $10k

Price spread, last 7 days+0.009%+$1 · spread now −0.046%, 7d avg −0.043%

Together, before fees−0.016%−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.043%, 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	OKX XAG-USDT-SWAP	65.340	0.0185	pay 0.0185% / 8h	1h 30m	$27.9M	$71.0M	50x
Short	QFEX SILVER-USD	65.310	0.0050	get 0.0006% / 1h	30m 01s	$152K	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against OKX. 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 OKXbpFee QFEXbpOrdersPrice spread, now −0.046%Rate

Funding earned: −$28.42
Price spread: −0.046% → −0.043%: −$0.25
Slippage, 4 orders: −$7.56
Fee OKX: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$56.22
Costs to cover: 0.276%
Break-even: never at this rate

Slippage from OKX: live order book, 4 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 OKX live order book, 4 min ago	0.76 bp	5.8 bp −$6	5.9 bp −$59	10.9 bp −$1,092	doesn't fit
Sell QFEX live order book, 3 min ago	2.30 bp	8.7 bp −$9	8.8 bp −$88	8.8 bp −$882	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
Hibachi XAG/USDT-P	−0.0176%	1h	65.297	−0.067%	$20K	$20K	10x	as long as short
Ondo Perps XAG-USD.P	−0.0093%	1h	65.200	−0.214%	$5.6M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.295	−0.068%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.340	0.000%	$28.0M	$39.8M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.360	+0.031%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.390	+0.077%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.360	+0.031%	$1.5M	$280K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.310	−0.046%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0018%	4h	65.350	+0.015%	$141.2M	$181.9M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.335	−0.008%	$4.6M	$9.8M	25x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XAG-USD	+0.0032%	1h	65.279	−0.094%	$5.1M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.622%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.360	+0.031%	$786K	$2.9M	40x	as long as short
Aster XAGUSDT	+0.0043%	4h	65.340	0.000%	$2.7M	$966K	100x	as long as short
Variational Omni XAG	+0.0043%	4h	65.344	+0.005%	$5.5M	$9.4M	—	as long as short
Vest SI-PERP	+0.0046%	1h	65.760	+0.643%	—	—	25x	as long as short
QFEX SILVER-USDshort	+0.0050%	1h	65.310	−0.046%	$152K	$2.8M	20x
tradeXYZ xyz:SILVER	+0.0050%	1h	65.306	−0.052%	$170.2M	$83.6M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.295	−0.069%	$3.8M	$718K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.281	−0.090%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0056%	8h	65.305	−0.054%	$29K	$1K	5x	as long as short
RISEx XAG/USDC	+0.0061%	1h	65.328	−0.019%	$1.2M	$4.9M	20x	as long as short
Phoenix SILVER	+0.0061%	1h	65.309	−0.047%	$56K	$31K	25x	as long as short
Binance XAGUSDT	+0.0066%	4h	65.339	−0.002%	$190.1M	$763.8M	100x	as long as short
MEXC SILVER_USDT	+0.0066%	4h	65.320	−0.031%	$115.8M	$157.4M	1000x	as long as short
Aevo XAG-PERP	+0.0072%	1h	65.328	−0.018%	$47K	—	10x	as long as short
edgeX XAGUSDC	+0.0076%	4h	65.374	+0.053%	$665K	$314K	30x	as long as short
Kalshi KXSILVERPERP	+0.0077%	24h	65.302	−0.058%	$487K	$30.8M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	65.277	−0.096%	$466K	$624K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.300	−0.061%	$25.3M	$5.0M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.340	0.000%	$112K	$19K	50x	as long as short
GRVT XAG_USDT_Perp	+0.0116%	4h	65.364	+0.036%	$397K	$1.6M	25x	as long as short
Hotstuff SILVER-PERP	+0.0120%	1h	65.311	−0.044%	$35K	$21K	20x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0120%	1h	65.380	+0.061%	$1.6M	$1.4M	20x	as long as short
Nado XAG-PERP	+0.0127%	1h	65.280	−0.092%	$1.2M	$5.5M	10x	as long as short
Lighter XAG	+0.0136%	1h	65.341	+0.001%	$5.4M	$11.4M	25x	as long as short
Bullet SILVER-USD	+0.0174%	1h	65.340	0.000%	$43K	$76K	10x	as long as short
Bitget XAGUSDT	+0.0180%	4h	65.350	+0.015%	$23.8M	$46.3M	100x	as long as short
OKX XAG-USDT-SWAPlong	+0.0185%	8h	65.340	long leg	$27.9M	$71.0M	50x
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.320	−0.031%	$65K	$377K	20x	as long as short
Aftermath Perps XAGUSD	+0.0220%	1h	65.321	−0.029%	$79K	$37K	10x	as long as short
BloFin XAG-USDT	+0.0268%	4h	65.340	0.000%	$2.6M	$609K	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0273% / S −0.0241%	1h	65.355	+0.023%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0493%	1h	65.306	−0.052%	$915K	$746K	25x	as long as short