Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0170%/8h= +18.6% APRpaid last 24h +0.021%

Price spread now: edgeX against QFEX+0.096%7-day average +0.009% · 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−$19as in the Price arb table

costs, in and out, $10k−$280.281% of the position

Long on QFEX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.029%+$3 on $10k

Price spread, last 4 days (all we have)−0.076%−$8 · spread now +0.096%, 7d avg +0.009%

Together, before fees−0.047%+ Points / potential airdropedgeX: Active · farm board−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and edgeX is 0.087% dearer against QFEX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX SILVER-USD	66.080	0.0054	pay 0.0007% / 1h	14m 42s	$115K	$2.7M	20x
Short	edgeX XAGUSDC	66.144	0.0224	get 0.0112% / 4h	14m 42s	$671K	$312K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.096%Rate

Funding earned: $35.65
Price spread: +0.096% → +0.009%: $8.68
Slippage, 4 orders: −$9.07
Fee QFEX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $16.27
Costs to cover: 0.281%
Break-even: 3.8 days

Slippage from QFEX: live order book, 3 min ago; edgeX: live order book, 44 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, 3 min ago	2.27 bp	7.3 bp −$7	7.3 bp −$73	8.5 bp −$854	doesn't fit
Sell edgeX live order book, 44 min ago	2.27 bp	6.8 bp −$7	6.8 bp −$68	9.2 bp −$918	20.9 bp −$10.4K

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	66.018	−0.094%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.120	+0.061%	$150.1M	$163.6M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.080	0.000%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.120	+0.061%	$1.0M	$970K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.100	+0.030%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.020	−0.091%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.079	−0.001%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.033	−0.071%	$5.2M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.484%	$11K	$94K	52x	as long as short
Ondo Perps XAG-USD.P	+0.0040%	1h	65.980	−0.151%	$5.7M	$9.6M	25x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff SILVER-PERP	+0.0040%	1h	66.057	−0.035%	$35K	$21K	20x	as long as short
StandX XAG-USD	+0.0040%	1h	66.170	+0.136%	$796K	$3.1M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.525	+0.673%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.056	−0.036%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.008	−0.109%	$3K	$6K	20x	as long as short
QFEX SILVER-USDlong	+0.0054%	1h	66.080	long leg	$115K	$2.7M	20x
Phoenix SILVER	+0.0060%	1h	66.108	+0.042%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0070%	24h	66.045	−0.053%	$546K	$25.4M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	66.045	−0.053%	$470K	$615K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.070	−0.015%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.120	+0.061%	$113K	$30K	50x	as long as short
tradeXYZ xyz:SILVER	+0.0124%	1h	66.057	−0.035%	$165.8M	$74.2M	25x	as long as short
RISEx XAG/USDC	+0.0137%	1h	66.112	+0.048%	$1.3M	$4.5M	20x	as long as short
Paradex XAG-USD-PERP	+0.0140%	8h	66.107	+0.041%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0142%	4h	66.079	−0.001%	$2.7M	$881K	100x	as long as short
Bybit XAGUSDT	+0.0164%	4h	66.120	+0.061%	$27.1M	$36.1M	150x	as long as short
Lighter XAG	+0.0176%	1h	66.093	+0.020%	$5.2M	$10.7M	25x	as long as short
Aevo XAG-PERP	+0.0192%	1h	66.081	+0.001%	$47K	—	10x	as long as short
BloFin XAG-USDT	+0.0195%	4h	66.120	+0.061%	$2.6M	$554K	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.170	+0.136%	$1.8M	$1.0M	20x	as long as short
Variational Omni XAG	+0.0203%	4h	66.163	+0.126%	$5.6M	$9.5M	—	as long as short
Nado XAG-PERP	+0.0208%	1h	66.033	−0.071%	$1.4M	$6.4M	10x	as long as short
MEXC SILVER_USDT	+0.0210%	4h	66.100	+0.030%	$110.3M	$152.9M	1000x	as long as short
Binance XAGUSDT	+0.0211%	4h	66.110	+0.045%	$192.4M	$700.3M	100x	as long as short
Aftermath Perps XAGUSD	+0.0220%	1h	66.093	+0.019%	$80K	$36K	10x	as long as short
edgeX XAGUSDCshort	+0.0224%	4h	66.144	+0.096%	$671K	$312K	30x
OKX XAG-USDT-SWAP	+0.0233%	8h	66.100	+0.030%	$27.7M	$65.1M	50x	as long as short
Bitget XAGUSDT	+0.0256%	4h	66.110	+0.045%	$23.8M	$45.4M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0276%	4h	66.174	+0.142%	$389K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0286%	1h	66.093	+0.020%	$44K	$76K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0356%	1h	66.070	−0.015%	$62K	$349K	20x	as long as short
Hibachi XAG/USDT-P	+0.0368%	1h	66.110	+0.045%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0383% / S −0.0424%	1h	66.095	+0.023%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0485%	1h	66.043	−0.055%	$912K	$681K	25x	as long as short