XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0120%/8h= +13.1% APRnext payment +$0.15 per $10,000 · paid last 24h +0.029%

Price spread now: Lighter against QFEX0.000%7-day average +0.012% · 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−$17as in the Price arb table

costs, in and out, $10k−$160.162% of the position

Long on QFEX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.045%+$4 on $10k

Price spread, last 7 days+0.015%+$2 · spread now 0.000%, 7d avg +0.012%

Together, before fees+0.060%+ Points / potential airdropLighter: Season 3 · farm board+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.012%, so right now this pair is about funding alone: +$4 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	66.400	0.0016	pay 0.0002% / 1h	5m 30s	$124K	$2.8M	20x
Short	Lighter XAG	66.400	0.0136	get 0.0017% / 1h	5m 30s	$5.2M	$11.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now 0.000%Rate

Funding earned: $25.12
Price spread: 0.000% → +0.012%: −$1.28
Slippage, 4 orders: −$6.22
Fee QFEX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $7.62
Costs to cover: 0.162%
Break-even: 4.9 days

Slippage from QFEX: live order book, 2 min ago; Lighter: live order book, 8 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	1.51 bp	7.9 bp −$8	8.0 bp −$80	8.9 bp −$891	13.8 bp −$6,887
Sell Lighter live order book, 8 min ago	0.23 bp	0.2 bp $0	0.3 bp −$3	5.2 bp −$523	15.0 bp −$7,497

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
Kraken Futures PF_XAGUSD	−0.0271%	1h	66.385	−0.023%	$768K	$569K	25x	as long as short
dYdX XAG-USD	0.0000%	1h	66.359	−0.062%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.430	+0.045%	$25.7M	$33.5M	150x	as long as short
RISEx XAG/USDC	0.0000%	1h	66.422	+0.033%	$1.3M	$4.2M	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.410	+0.015%	$146.5M	$173.9M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.420	+0.030%	$2K	$3.1M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.420	+0.030%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.410	+0.015%	$1.5M	$249K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.353	−0.071%	$120K	—	250x	as long as short
QFEX SILVER-USDlong	+0.0016%	1h	66.400	long leg	$124K	$2.8M	20x

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XAG	+0.0032%	1h	66.396	−0.006%	$4.8M	$9.8M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.350	−0.076%	$5.5M	$12.4M	10x	as long as short
Hotstuff SILVER-PERP	+0.0032%	1h	66.374	−0.039%	$35K	$21K	20x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	0.000%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.330	−0.105%	$794K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.853	+0.682%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.384	−0.024%	$3.9M	$699K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.355	−0.068%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.320	−0.120%	$5.7M	$10.0M	25x	as long as short
tradeXYZ xyz:SILVER	+0.0054%	1h	66.376	−0.036%	$165.4M	$88.2M	25x	as long as short
Kalshi KXSILVERPERP	+0.0058%	24h	66.352	−0.072%	$588K	$21.4M	8.1x	as long as short
BloFin XAG-USDT	+0.0072%	4h	66.340	−0.090%	$2.5M	$848K	100x	as long as short
Phoenix SILVER	+0.0073%	1h	66.345	−0.083%	$56K	$26K	25x	as long as short
Variational Omni XAG	+0.0073%	4h	66.326	−0.111%	$5.5M	$10.5M	—	as long as short
Aster XAGUSDT	+0.0079%	4h	66.410	+0.015%	$2.8M	$1.0M	100x	as long as short
Bitget XAGUSDT	+0.0084%	4h	66.430	+0.045%	$24.1M	$48.0M	100x	as long as short
MEXC SILVER_USDT	+0.0092%	4h	66.410	+0.015%	$123.9M	$182.7M	1000x	as long as short
Binance XAGUSDT	+0.0094%	4h	66.419	+0.028%	$190.9M	$729.2M	100x	as long as short
Aevo XAG-PERP	+0.0096%	1h	66.409	+0.014%	$48K	—	10x	as long as short
edgeX XAGUSDC	+0.0098%	4h	66.377	−0.034%	$673K	$315K	30x	as long as short
Pacifica XAG	+0.0100%	1h	66.360	−0.060%	$475K	$625K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.380	−0.030%	$24.4M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.330	−0.105%	$113K	$19K	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	66.380	−0.030%	$1.9M	$864K	20x	as long as short
Paradex XAG-USD-PERP	+0.0116%	8h	66.402	+0.003%	$30K	$1K	5x	as long as short
Aftermath Perps XAGUSD	+0.0131%	1h	66.309	−0.138%	$80K	$40K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0134%	4h	66.378	−0.033%	$402K	$1.4M	25x	as long as short
Lighter XAGshort	+0.0136%	1h	66.400	0.000%	$5.2M	$11.0M	25x
OKX XAG-USDT-SWAP	+0.0181%	8h	66.420	+0.030%	$27.4M	$66.6M	50x	as long as short
Hibachi XAG/USDT-P	+0.0200%	1h	66.330	−0.105%	$20K	$22K	10x	as long as short
Nado XAG-PERP	+0.0218%	1h	66.367	−0.050%	$1.3M	$6.5M	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0258% / S −0.0231%	1h	66.415	+0.023%	$103K	—	111x	as long as short
Bullet SILVER-USD	+0.0269%	1h	66.415	+0.023%	$46K	$75K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0353%	1h	66.410	+0.015%	$51K	$359K	20x	as long as short