XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.5% APRnext payment +$0.01 per $10,000 · paid last 24h −0.001%

Price spread now: QFEX against Polymarket Perps+0.047%7-day average +0.052% · 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−$26as in the Price arb table

costs, in and out, $10k−$260.259% of the position

Long on Polymarket Perps Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.023%−$2 on $10k

Price spread, last 7 days−0.004%$0 · spread now +0.047%, 7d avg +0.052%

Together, before fees−0.028%−$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps SILVER-USD	66.109	0.0050	pay 0.0006% / 1h	18m 00s	$3.9M	$672K	20x
Short	QFEX SILVER-USD	66.140	0.0054	get 0.0007% / 1h	18m 00s	$115K	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Polymarket Perps. 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 Polymarket PerpsbpFee QFEXbpOrdersPrice spread, now +0.047%Rate

Funding earned: $0.89
Price spread: +0.047% → +0.052%: −$0.49
Slippage, 4 orders: −$7.9
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$25.5
Costs to cover: 0.259%
Break-even: 207.5 days

Slippage from Polymarket Perps: live order book, 6 min ago; QFEX: live order book, 5 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 Polymarket Perps live order book, 6 min ago	1.28 bp	6.0 bp −$6	6.2 bp −$62	7.8 bp −$777	doesn't fit
Sell QFEX live order book, 5 min ago	1.51 bp	6.5 bp −$7	6.5 bp −$65	8.6 bp −$865	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	66.141	+0.048%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.150	+0.062%	$150.1M	$163.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.140	+0.047%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.170	+0.092%	$1.0M	$971K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.150	+0.062%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.068	−0.061%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.124	+0.023%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.071	−0.058%	$5.2M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.440%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.180	+0.107%	$796K	$3.1M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAG-USD.P	+0.0041%	1h	66.060	−0.074%	$5.7M	$9.6M	25x	as long as short
Vest SI-PERP	+0.0046%	1h	66.586	+0.722%	—	—	25x	as long as short
Polymarket Perps SILVER-USDlong	+0.0050%	1h	66.109	long leg	$3.9M	$672K	20x
SoDEX SILVER-USD	+0.0050%	1h	66.070	−0.059%	$3K	$6K	20x	as long as short
QFEX SILVER-USDshort	+0.0054%	1h	66.140	+0.047%	$115K	$2.7M	20x
Phoenix SILVER	+0.0060%	1h	66.143	+0.051%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0070%	24h	66.110	+0.002%	$547K	$25.4M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	66.104	−0.008%	$471K	$615K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.110	+0.002%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.120	+0.017%	$113K	$30K	50x	as long as short
tradeXYZ xyz:SILVER	+0.0123%	1h	66.111	+0.003%	$165.9M	$74.2M	25x	as long as short
RISEx XAG/USDC	+0.0137%	1h	66.160	+0.077%	$1.3M	$4.5M	20x	as long as short
Paradex XAG-USD-PERP	+0.0141%	8h	66.135	+0.039%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0145%	4h	66.145	+0.055%	$2.7M	$878K	100x	as long as short
Bybit XAGUSDT	+0.0162%	4h	66.160	+0.077%	$27.0M	$36.0M	150x	as long as short
Lighter XAG	+0.0176%	1h	66.129	+0.030%	$5.2M	$10.7M	25x	as long as short
Hotstuff SILVER-PERP	+0.0184%	1h	66.151	+0.064%	$35K	$21K	20x	as long as short
Aevo XAG-PERP	+0.0192%	1h	66.147	+0.058%	$47K	—	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.170	+0.092%	$1.8M	$1.0M	20x	as long as short
Variational Omni XAG	+0.0206%	4h	66.183	+0.112%	$5.6M	$9.6M	—	as long as short
Nado XAG-PERP	+0.0206%	1h	66.136	+0.040%	$1.4M	$6.4M	10x	as long as short
MEXC SILVER_USDT	+0.0212%	4h	66.140	+0.047%	$110.2M	$152.8M	1000x	as long as short
Binance XAGUSDT	+0.0212%	4h	66.143	+0.052%	$192.4M	$700.6M	100x	as long as short
Aftermath Perps XAGUSD	+0.0218%	1h	66.129	+0.030%	$80K	$36K	10x	as long as short
edgeX XAGUSDC	+0.0228%	4h	66.187	+0.118%	$672K	$311K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0231%	8h	66.140	+0.047%	$27.7M	$65.1M	50x	as long as short
BloFin XAG-USDT	+0.0243%	4h	66.200	+0.138%	$2.6M	$555K	100x	as long as short
Bitget XAGUSDT	+0.0256%	4h	66.150	+0.062%	$23.8M	$45.3M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0278%	4h	66.198	+0.135%	$389K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0287%	1h	66.148	+0.059%	$44K	$76K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0355%	1h	66.120	+0.017%	$62K	$349K	20x	as long as short
Hibachi XAG/USDT-P	+0.0360%	1h	66.140	+0.047%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0383% / S −0.0424%	1h	66.145	+0.054%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0485%	1h	66.108	−0.001%	$913K	$681K	25x	as long as short