XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0039%/8h= +4.2% APRnext payment +$0.05 per $10,000 · paid last 24h +0.016%

Price spread now: ApeX Omni against QFEX−0.060%7-day average +0.004% · 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−$62as in the Price arb table

costs, in and out, $10k−$560.556% of the position

Long on QFEX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.085%+$9 on $10k

Price spread, last 3 days (all we have)+0.066%+$7 · spread now −0.060%, 7d avg +0.004%

Together, before fees+0.151%+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.064% cheaper against QFEX than usual: you would sell low and buy high (spread −0.060% now, against its 7-day average of +0.004%). If the spread goes back, that is −$6 on $10k: about 5.5 days of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.085% in total) that is about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX SILVER-USD	66.610	0.0061	pay 0.0008% / 1h	17m 21s	$125K	$2.8M	20x
Short	ApeX Omni XAGUSDT	66.570	0.0100	get 0.0013% / 1h	17m 21s	$127K	$26K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against QFEX. 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 QFEXbpFee ApeX OmnibpOrdersPrice spread, now −0.060%Rate

Funding earned: $8.1
Price spread: −0.060% → +0.004%: −$6.36
Slippage, 4 orders: −$35.63
Fee QFEX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$53.89
Costs to cover: 0.556%
Break-even: 53.6 days

Slippage from QFEX: live order book, 5 min ago; ApeX Omni: live order book, 58 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 QFEX live order book, 5 min ago	3.01 bp	11.7 bp −$12	12.4 bp −$124	13.3 bp −$1,331	17.4 bp −$8,716
Sell ApeX Omni live order book, 58 min ago	3.78 bp	20.1 bp −$20	52.6 bp −$526	doesn't fit	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	66.560	−0.075%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.650	+0.060%	$26.2M	$34.6M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.640	+0.045%	$156.1M	$174.3M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.640	+0.045%	$2K	$3.0M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.670	+0.090%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.660	+0.075%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.570	−0.061%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.620	+0.014%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.570	−0.059%	$5.5M	$12.2M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.315%	$11K	$94K	52x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix SILVER	+0.0036%	1h	66.531	−0.119%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	66.530	−0.120%	$796K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	67.076	+0.700%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.601	−0.014%	$3.9M	$699K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.565	−0.068%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.530	−0.120%	$5.7M	$10.0M	25x	as long as short
Kalshi KXSILVERPERP	+0.0060%	24h	66.595	−0.023%	$583K	$21.4M	8.1x	as long as short
QFEX SILVER-USDlong	+0.0061%	1h	66.610	long leg	$125K	$2.8M	20x
BloFin XAG-USDT	+0.0068%	4h	66.550	−0.090%	$2.6M	$651K	100x	as long as short
tradeXYZ xyz:SILVER	+0.0072%	1h	66.593	−0.026%	$166.0M	$86.9M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.577	−0.049%	$481K	$618K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.590	−0.030%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDTshort	+0.0100%	1h	66.570	−0.060%	$127K	$26K	50x
Paradex XAG-USD-PERP	+0.0106%	8h	66.619	+0.014%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0106%	4h	66.526	−0.126%	$5.6M	$10.1M	—	as long as short
Aster XAGUSDT	+0.0116%	4h	66.640	+0.045%	$2.8M	$1.1M	100x	as long as short
Lighter XAG	+0.0120%	1h	66.622	+0.018%	$5.2M	$10.4M	25x	as long as short
MEXC SILVER_USDT	+0.0124%	4h	66.610	0.000%	$115.3M	$153.4M	1000x	as long as short
Binance XAGUSDT	+0.0125%	4h	66.630	+0.030%	$192.8M	$724.7M	100x	as long as short
Aevo XAG-PERP	+0.0128%	1h	66.630	+0.030%	$48K	—	10x	as long as short
edgeX XAGUSDC	+0.0133%	4h	66.541	−0.103%	$675K	$315K	30x	as long as short
Hotstuff SILVER-PERP	+0.0152%	1h	66.598	−0.018%	$35K	$21K	20x	as long as short
Bitget XAGUSDT	+0.0152%	4h	66.640	+0.045%	$24.4M	$48.4M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0160%	1h	66.640	+0.045%	$1.9M	$851K	20x	as long as short
Aftermath Perps XAGUSD	+0.0166%	1h	66.516	−0.141%	$80K	$39K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0180%	4h	66.640	+0.045%	$392K	$1.5M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0196%	8h	66.630	+0.030%	$28.0M	$67.0M	50x	as long as short
RISEx XAG/USDC	+0.0208%	1h	66.634	+0.036%	$1.3M	$4.2M	20x	as long as short
Bullet SILVER-USD	+0.0252%	1h	66.633	+0.035%	$45K	$75K	10x	as long as short
Nado XAG-PERP	+0.0254%	1h	66.588	−0.034%	$1.3M	$6.6M	10x	as long as short
Hibachi XAG/USDT-P	+0.0288%	1h	66.610	0.000%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.635	+0.038%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0351%	1h	66.620	+0.015%	$50K	$351K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0595%	1h	66.600	−0.016%	$764K	$588K	25x	as long as short