XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0230%/8h= +25.2% APRnext payment +$0.29 per $10,000 · paid last 24h +0.042%

Price spread now: GMX against QFEX+0.038%7-day average +0.032% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on QFEX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.141%+$14 on $10k

Price spread, last 3 days (all we have)+0.006%+$1 · spread now +0.038%, 7d avg +0.032%

Together, before fees+0.147%+$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.032%, so right now this pair is about funding alone: +$7 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	66.520	0.0051	pay 0.0006% / 1h	27m 09s	$115K	$2.8M	20x
Short	GMX SILVER/USD [ETH-USDC]	66.545	L +0.0291% / S −0.0281%	get 0.0035% / 1h	27m 09s	$103K	—	111x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.038%Rate

Funding earned: $48.35
Price spread: +0.038% → +0.032%: $0.52
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $26.88
Costs to cover: 0.220%
Break-even: 3.1 days

Slippage unknown: QFEX: live order book, 5 min ago; GMX: no order-book sample. Net counts fees only.

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	1.50 bp	7.9 bp −$8	8.0 bp −$80	9.2 bp −$924	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Hotstuff SILVER-PERP	−0.0016%	1h	66.522	+0.003%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	66.490	−0.046%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.540	+0.030%	$26.0M	$35.4M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.530	+0.015%	$155.0M	$167.9M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.550	+0.045%	$2K	$3.0M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.590	+0.105%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.570	+0.075%	$1.5M	$252K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.480	−0.060%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.496	−0.036%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.477	−0.065%	$5.4M	$12.4M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.180%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.530	+0.015%	$800K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.978	+0.689%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.492	−0.042%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.512	−0.012%	$3.9M	$700K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.456	−0.096%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.450	−0.105%	$5.7M	$9.7M	25x	as long as short
tradeXYZ xyz:SILVER	+0.0051%	1h	66.484	−0.054%	$165.4M	$85.6M	25x	as long as short
QFEX SILVER-USDlong	+0.0051%	1h	66.520	long leg	$115K	$2.8M	20x
Kalshi KXSILVERPERP	+0.0059%	24h	66.493	−0.041%	$563K	$21.5M	8.1x	as long as short
BloFin XAG-USDT	+0.0064%	4h	66.590	+0.105%	$2.6M	$703K	100x	as long as short
Aster XAGUSDT	+0.0085%	4h	66.526	+0.009%	$2.8M	$1.1M	100x	as long as short
Variational Omni XAG	+0.0087%	4h	66.545	+0.037%	$5.6M	$9.9M	—	as long as short
Paradex XAG-USD-PERP	+0.0098%	8h	66.535	+0.022%	$30K	$1K	5x	as long as short
MEXC SILVER_USDT	+0.0098%	4h	66.510	−0.015%	$108.7M	$160.2M	1000x	as long as short
edgeX XAGUSDC	+0.0099%	4h	66.535	+0.022%	$675K	$313K	30x	as long as short
Binance XAGUSDT	+0.0099%	4h	66.530	+0.015%	$192.4M	$722.4M	100x	as long as short
Pacifica XAG	+0.0100%	1h	66.491	−0.044%	$474K	$623K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.490	−0.045%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.500	−0.030%	$126K	$24K	50x	as long as short
GRVT XAG_USDT_Perp	+0.0104%	4h	66.559	+0.058%	$394K	$1.5M	25x	as long as short
Aevo XAG-PERP	+0.0104%	1h	66.520	0.000%	$48K	—	10x	as long as short
Lighter XAG	+0.0112%	1h	66.505	−0.022%	$5.4M	$10.5M	25x	as long as short
RISEx XAG/USDC	+0.0148%	1h	66.552	+0.048%	$1.3M	$4.3M	20x	as long as short
Nado XAG-PERP	+0.0166%	1h	66.494	−0.038%	$1.3M	$6.5M	10x	as long as short
Bitget XAGUSDT	+0.0172%	4h	66.520	0.000%	$24.5M	$48.0M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.580	+0.090%	$1.9M	$929K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0190%	8h	66.530	+0.015%	$27.9M	$67.2M	50x	as long as short
Aftermath Perps XAGUSD	+0.0194%	1h	66.527	+0.011%	$80K	$39K	10x	as long as short
Bullet SILVER-USD	+0.0224%	1h	66.561	+0.062%	$45K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0232%	1h	66.483	−0.056%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]short	L +0.0291% / S −0.0281%	1h	66.545	+0.038%	$103K	—	111x
Deribit SILVER_USDC-PERPETUAL	+0.0352%	1h	66.520	0.000%	$50K	$336K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0489%	1h	66.512	−0.012%	$765K	$565K	25x	as long as short