Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0038%/8h= +4.2% APRpaid last 24h +0.012%

Price spread now: Aster against QFEX+0.107%7-day average +0.046% · 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−$18as in the Price arb table

costs, in and out, $10k−$240.241% of the position

Long on QFEX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.010%+$1 on $10k

Price spread, last 7 days−0.086%−$9 · spread now +0.107%, 7d avg +0.046%

Together, before fees−0.076%+ Points / potential airdropAster: Stage 5 · farm board−$8 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 Aster is 0.061% dearer against QFEX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX SILVER-USD	65.450	0.0051	pay 0.0006% / 1h	12m 56s	$157K	$2.8M	20x
Short	Aster XAGUSDT	65.520	0.0090	get 0.0045% / 4h	2h 12m	$2.7M	$947K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now +0.107%Rate

Funding earned: $8.06
Price spread: +0.107% → +0.046%: $6.09
Slippage, 4 orders: −$6.1
Fee QFEX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$9.94
Costs to cover: 0.241%
Break-even: 15.6 days

Slippage from QFEX: live order book, 5 min ago; Aster: live order book, 6 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	1.53 bp	6.5 bp −$7	6.5 bp −$65	11.7 bp −$1,171	doesn't fit
Sell Aster live order book, 6 min ago	0.76 bp	4.8 bp −$5	5.8 bp −$58	11.1 bp −$1,114	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	65.424	−0.039%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.430	−0.031%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.470	+0.031%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.450	0.000%	$1.5M	$280K	100x	as long as short
Ondo Perps XAG-USD.P	+0.0001%	1h	65.330	−0.183%	$5.6M	$9.6M	25x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.375	−0.115%	$118K	—	250x	as long as short
RISEx XAG/USDC	+0.0030%	1h	65.461	+0.016%	$1.2M	$4.9M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	65.436	−0.021%	$4.7M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.423	−0.041%	$5.1M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.451%	$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	65.388	−0.095%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	65.400	−0.076%	$787K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.854	+0.617%	—	—	25x	as long as short
Gate XAG_USDT	+0.0048%	4h	65.530	+0.122%	$145.2M	$178.5M	100x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.420	−0.046%	$3.9M	$710K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.373	−0.118%	$3K	$6K	20x	as long as short
QFEX SILVER-USDlong	+0.0051%	1h	65.450	long leg	$157K	$2.8M	20x
Hotstuff SILVER-PERP	+0.0056%	1h	65.362	−0.134%	$35K	$21K	20x	as long as short
Paradex XAG-USD-PERP	+0.0065%	8h	65.440	−0.015%	$29K	$1K	5x	as long as short
Kalshi KXSILVERPERP	+0.0076%	24h	65.417	−0.050%	$476K	$28.8M	8.1x	as long as short
tradeXYZ xyz:SILVER	+0.0081%	1h	65.445	−0.008%	$170.6M	$82.5M	25x	as long as short
Aster XAGUSDTshort	+0.0090%	4h	65.520	+0.107%	$2.7M	$947K	100x
Pacifica XAG	+0.0100%	1h	65.389	−0.093%	$467K	$626K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.470	+0.031%	$24.6M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.360	−0.138%	$112K	$30K	50x	as long as short
Bybit XAGUSDT	+0.0126%	4h	65.550	+0.153%	$28.7M	$39.1M	150x	as long as short
Variational Omni XAG	+0.0131%	4h	65.414	−0.055%	$5.5M	$9.6M	—	as long as short
Lighter XAG	+0.0136%	1h	65.436	−0.021%	$5.3M	$11.2M	25x	as long as short
Aevo XAG-PERP	+0.0136%	1h	65.438	−0.018%	$47K	—	10x	as long as short
MEXC SILVER_USDT	+0.0140%	4h	65.500	+0.076%	$122.1M	$160.8M	1000x	as long as short
Binance XAGUSDT	+0.0140%	4h	65.520	+0.107%	$189.8M	$744.5M	100x	as long as short
edgeX XAGUSDC	+0.0152%	4h	65.410	−0.062%	$666K	$314K	30x	as long as short
Nado XAG-PERP	+0.0159%	1h	65.411	−0.060%	$1.3M	$5.5M	10x	as long as short
Hibachi XAG/USDT-P	+0.0168%	1h	65.360	−0.138%	$20K	$19K	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.150	−0.458%	$1.6M	$1.3M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0204%	4h	65.430	−0.031%	$397K	$1.5M	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.420	−0.046%	$66K	$367K	20x	as long as short
Aftermath Perps XAGUSD	+0.0209%	1h	65.403	−0.071%	$79K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0214%	4h	65.510	+0.092%	$23.7M	$46.5M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0216%	8h	65.520	+0.107%	$27.8M	$69.9M	50x	as long as short
Bullet SILVER-USD	+0.0245%	1h	65.437	−0.019%	$43K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0366% / S −0.0361%	1h	65.435	−0.023%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0380%	4h	65.460	+0.015%	$2.6M	$627K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0471%	1h	65.418	−0.049%	$913K	$735K	25x	as long as short