XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0048%/8h= −5.3% APRnext payment −$0.06 per $10,000 · paid last 24h +0.034%

Price spread now: Extended against QFEX−0.077%7-day average −0.022% · 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−$27as in the Price arb table

costs, in and out, $10k−$220.220% of the position

Long on QFEX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.038%+$4 on $10k

Price spread, last 7 days+0.039%+$4 · spread now −0.077%, 7d avg −0.022%

Together, before fees+0.076%+ Points / potential airdropExtended: Active · farm board+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Extended is 0.055% cheaper against QFEX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.022%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX SILVER-USD	66.080	0.0080	pay 0.0010% / 1h	0m 35s	$143K	$2.8M	20x
Short	Extended XAG-USD	66.029	0.0032	get 0.0004% / 1h	0m 35s	$5.3M	$14.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.077%Rate

Funding earned: −$10.08
Price spread: −0.077% → −0.022%: −$5.51
Slippage, 4 orders: −$6.97
Fee QFEX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$37.56
Costs to cover: 0.220%
Break-even: never at this rate

Slippage from QFEX: live order book, 2 min ago; Extended: 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 QFEX live order book, 2 min ago	2.27 bp	8.6 bp −$9	8.8 bp −$88	9.6 bp −$963	14.3 bp −$7,174
Sell Extended live order book, 3 min ago	0.08 bp	2.6 bp −$3	3.4 bp −$34	8.6 bp −$859	doesn't fit

XAG on 42 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
Hotstuff SILVER-PERP	−0.0112%	1h	66.028	−0.079%	$35K	$21K	20x	as long as short
Nado XAG-PERP	−0.0001%	1h	66.081	+0.002%	$1.3M	$6.5M	10x	as long as short
dYdX XAG-USD	0.0000%	1h	66.057	−0.035%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.090	+0.015%	$25.5M	$35.7M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.090	+0.015%	$146.9M	$185.9M	100x	as long as short
GRVT XAG_USDT_Perp	0.0000%	4h	66.047	−0.051%	$392K	$1.6M	25x	as long as short
SunX XAG-USDT	0.0000%	4h	66.100	+0.030%	$2K	$3.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.110	+0.045%	$1.0M	$1.2M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.110	+0.045%	$1.5M	$248K	100x	as long as short
Bullet SILVER-USD	0.0000%	1h	66.106	+0.039%	$44K	$74K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps XAGUSD	+0.0010%	1h	66.034	−0.069%	$79K	$40K	10x	as long as short
Bitget XAGUSDT	+0.0012%	4h	66.090	+0.015%	$23.6M	$51.7M	100x	as long as short
Aster XAGUSDT	+0.0012%	4h	66.052	−0.043%	$2.8M	$1.1M	100x	as long as short
Lighter XAG	+0.0032%	1h	66.064	−0.024%	$5.1M	$11.5M	25x	as long as short
Lighter RH XAG	+0.0032%	1h	66.064	−0.025%	$4.4M	$10.0M	25x	as long as short
Extended XAG-USDshort	+0.0032%	1h	66.029	−0.077%	$5.3M	$14.7M	10x
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.484%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.030	−0.076%	$790K	$2.8M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.535	+0.689%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.034	−0.070%	$163.7M	$95.7M	25x	as long as short
MEXC SILVER_USDT	+0.0050%	4h	66.080	0.000%	$122.1M	$192.8M	1000x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.043	−0.056%	$3.9M	$742K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.015	−0.098%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.030	−0.076%	$5.4M	$9.7M	25x	as long as short
Binance XAGUSDT	+0.0052%	4h	66.100	+0.030%	$190.2M	$783.4M	100x	as long as short
edgeX XAGUSDC	+0.0052%	4h	66.085	+0.007%	$670K	$315K	30x	as long as short
Kalshi KXSILVERPERP	+0.0055%	24h	66.050	−0.045%	$637K	$21.7M	8.1x	as long as short
Variational Omni XAG	+0.0057%	4h	66.002	−0.118%	$5.3M	$11.3M	—	as long as short
BloFin XAG-USDT	+0.0058%	4h	66.050	−0.045%	$2.6M	$1.2M	100x	as long as short
Aevo XAG-PERP	+0.0064%	1h	66.068	−0.018%	$47K	—	10x	as long as short
Phoenix SILVER	+0.0073%	1h	66.019	−0.092%	$56K	$26K	25x	as long as short
QFEX SILVER-USDlong	+0.0080%	1h	66.080	long leg	$143K	$2.8M	20x
Paradex XAG-USD-PERP	+0.0098%	8h	66.086	+0.009%	$30K	$1K	5x	as long as short
Pacifica XAG	+0.0100%	1h	66.047	−0.050%	$472K	$645K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.050	−0.045%	$24.2M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.030	−0.076%	$112K	$85K	50x	as long as short
OKX XAG-USDT-SWAP	+0.0142%	8h	66.110	+0.045%	$27.4M	$69.8M	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.060	−0.030%	$1.9M	$1.2M	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0359% / S −0.0369%	1h	66.105	+0.038%	$103K	—	29x	as long as short
RISEx XAG/USDC	+0.0432%	1h	66.105	+0.037%	$1.3M	$4.3M	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0507%	1h	66.100	+0.030%	$76K	$347K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0614%	1h	66.080	+0.001%	$776K	$610K	25x	as long as short