XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0011%/8h= −1.2% APRnext payment −$0.01 per $10,000 · paid last 24h −0.010%

Price spread now: gTrade (Gains Network) against QFEX−0.080%7-day average −0.071% · 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−$287as in the Price arb table

costs, in and out, $10k−$2862.859% of the position

Long on QFEX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.012%−$1 on $10k

Price spread, last 3 days (all we have)+0.090%+$9 · spread now −0.080%, 7d avg −0.071%

Together, before fees+0.078%+$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.071%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX SILVER-USD	66.190	0.0016	pay 0.0002% / 1h	46m 10s	$144K	$2.8M	20x
Short	gTrade (Gains Network) XAG/USD	66.137	L +0.0004% / S −0.0006%	get 0.0001% / 1h	46m 10s	$120K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.080%Rate

Funding earned: −$2.22
Price spread: −0.080% → −0.071%: −$0.85
Slippage, 4 orders: −$265.93
Fee QFEX: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$289
Costs to cover: 2.859%
Break-even: never at this rate

Slippage from QFEX: live order book, 6 min ago; gTrade (Gains Network): virtual book (oracle venue), 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, 6 min ago	2.27 bp	7.3 bp −$7	7.3 bp −$73	9.7 bp −$975	14.4 bp −$7,196
Sell gTrade (Gains Network) virtual book (oracle venue), 3 min ago	130.01 bp	135.0 bp −$135	135.0 bp −$1,350	416.8 bp −$41.7K	2012.7 bp −$1.01M

XAG on 43 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
Kraken Futures PF_XAGUSD	−0.0272%	1h	66.175	−0.022%	$777K	$586K	25x	as long as short
Hotstuff SILVER-PERP	−0.0072%	1h	66.161	−0.044%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	66.121	−0.104%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.210	+0.030%	$25.5M	$34.1M	150x	as long as short
RISEx XAG/USDC	0.0000%	1h	66.204	+0.021%	$1.3M	$4.2M	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.190	0.000%	$146.4M	$171.7M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.210	+0.030%	$2K	$3.2M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.250	+0.091%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.210	+0.030%	$1.5M	$247K	100x	as long as short
gTrade (Gains Network) XAG/USDshort	L +0.0004% / S −0.0006%	1h	66.137	−0.080%	$120K	—	10x

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XAGUSDT	+0.0004%	4h	66.210	+0.030%	$23.7M	$48.6M	100x	as long as short
Aster XAGUSDT	+0.0006%	4h	66.202	+0.018%	$2.8M	$1.1M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0008%	4h	66.209	+0.029%	$395K	$1.6M	25x	as long as short
QFEX SILVER-USDlong	+0.0016%	1h	66.190	long leg	$144K	$2.8M	20x
BloFin XAG-USDT	+0.0029%	4h	66.180	−0.015%	$2.5M	$1.0M	100x	as long as short
Variational Omni XAG	+0.0031%	4h	66.189	−0.001%	$5.4M	$10.7M	—	as long as short
Lighter RH XAG	+0.0032%	1h	66.172	−0.027%	$4.5M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.138	−0.078%	$5.5M	$14.8M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.317%	$11K	$94K	52x	as long as short
MEXC SILVER_USDT	+0.0040%	4h	66.210	+0.030%	$116.8M	$181.1M	1000x	as long as short
StandX XAG-USD	+0.0040%	1h	66.150	−0.060%	$792K	$2.8M	40x	as long as short
Binance XAGUSDT	+0.0042%	4h	66.210	+0.030%	$189.2M	$759.5M	100x	as long as short
Vest SI-PERP	+0.0046%	1h	66.638	+0.677%	—	—	25x	as long as short
Lighter XAG	+0.0048%	1h	66.180	−0.015%	$5.2M	$10.7M	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.162	−0.042%	$164.0M	$91.7M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.166	−0.036%	$3.9M	$715K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.138	−0.079%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.120	−0.106%	$5.6M	$9.9M	25x	as long as short
Kalshi KXSILVERPERP	+0.0054%	24h	66.155	−0.053%	$589K	$21.6M	8.1x	as long as short
Aevo XAG-PERP	+0.0056%	1h	66.198	+0.011%	$48K	—	10x	as long as short
edgeX XAGUSDC	+0.0056%	4h	66.191	+0.001%	$671K	$315K	30x	as long as short
Phoenix SILVER	+0.0073%	1h	66.148	−0.063%	$56K	$26K	25x	as long as short
Aftermath Perps XAGUSD	+0.0078%	1h	66.162	−0.042%	$80K	$40K	10x	as long as short
Paradex XAG-USD-PERP	+0.0091%	8h	66.185	−0.008%	$30K	$1K	5x	as long as short
Pacifica XAG	+0.0100%	1h	66.151	−0.059%	$474K	$641K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.170	−0.030%	$24.3M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.150	−0.060%	$113K	$51K	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	66.180	−0.015%	$1.9M	$888K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0141%	8h	66.210	+0.030%	$27.2M	$67.5M	50x	as long as short
Nado XAG-PERP	+0.0156%	1h	66.148	−0.064%	$1.3M	$6.5M	10x	as long as short
Bullet SILVER-USD	+0.0184%	1h	66.209	+0.029%	$44K	$74K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0360% / S −0.0369%	1h	66.205	+0.023%	$103K	—	29x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0808%	1h	66.220	+0.045%	$60K	$354K	20x	as long as short