XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0152%/8h= +16.6% APRnext payment +$0.19 per $10,000 · paid last 24h +0.040%

Price spread now: Nado against QFEX−0.062%7-day average +0.014% · 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−$30as in the Price arb table

costs, in and out, $10k−$220.224% of the position

Long on QFEX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.060%+$6 on $10k

Price spread, last 7 days+0.066%+$7 · spread now −0.062%, 7d avg +0.014%

Together, before fees+0.125%+ Points / potential airdropNado: Active · farm board+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.076% cheaper against QFEX than usual: you would sell low and buy high (spread −0.062% now, against its 7-day average of +0.014%). If the spread goes back, that is −$8 on $10k: about 40 hours of funding at the current rate (+$5 a day). At the pace of the last 3 days (+0.060% in total) that is about 4.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX SILVER-USD	66.340	0.0062	pay 0.0008% / 1h	29m 52s	$115K	$2.7M	20x
Short	Nado XAG-PERP	66.299	0.0214	get 0.0027% / 1h	29m 52s	$1.3M	$6.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.062%Rate

Funding earned: $31.87
Price spread: −0.062% → +0.014%: −$7.62
Slippage, 4 orders: −$5.37
Fee QFEX: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $1.88
Costs to cover: 0.224%
Break-even: 6.6 days

Slippage from QFEX: live order book, 3 min ago; Nado: live order book, 4 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	2.26 bp	7.3 bp −$7	7.3 bp −$73	8.6 bp −$861	doesn't fit
Sell Nado live order book, 4 min ago	0.08 bp	3.6 bp −$4	7.5 bp −$75	33.9 bp −$3,393	doesn't fit

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	66.279	−0.092%	$15K	—	5x	as long as short
Hotstuff SILVER-PERP	0.0000%	1h	66.301	−0.059%	$35K	$21K	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.370	+0.045%	$150.5M	$163.8M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.350	+0.015%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.360	+0.030%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.360	+0.030%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.290	−0.075%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.338	−0.004%	$4.8M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.287	−0.080%	$5.2M	$12.2M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.090%	$11K	$94K	52x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	66.280	−0.090%	$797K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.780	+0.663%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.325	−0.023%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.285	−0.083%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.250	−0.136%	$5.7M	$9.8M	25x	as long as short
QFEX SILVER-USDlong	+0.0062%	1h	66.340	long leg	$115K	$2.7M	20x
Kalshi KXSILVERPERP	+0.0064%	24h	66.304	−0.054%	$571K	$24.5M	8.1x	as long as short
Phoenix SILVER	+0.0084%	1h	66.244	−0.145%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0094%	1h	66.320	−0.030%	$166.1M	$74.1M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.285	−0.083%	$472K	$607K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.310	−0.045%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.210	−0.196%	$113K	$30K	50x	as long as short
Paradex XAG-USD-PERP	+0.0135%	8h	66.344	+0.007%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0137%	4h	66.350	+0.015%	$2.7M	$877K	100x	as long as short
BloFin XAG-USDT	+0.0149%	4h	66.300	−0.060%	$2.6M	$553K	100x	as long as short
Bybit XAGUSDT	+0.0164%	4h	66.370	+0.045%	$26.9M	$36.2M	150x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.352	+0.017%	$48K	—	10x	as long as short
Variational Omni XAG	+0.0179%	4h	66.321	−0.028%	$5.6M	$9.8M	—	as long as short
RISEx XAG/USDC	+0.0181%	1h	66.359	+0.029%	$1.3M	$4.5M	20x	as long as short
Lighter XAG	+0.0184%	1h	66.347	+0.011%	$5.3M	$10.5M	25x	as long as short
MEXC SILVER_USDT	+0.0192%	4h	66.350	+0.015%	$111.3M	$152.2M	1000x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.250	−0.136%	$1.9M	$980K	20x	as long as short
Binance XAGUSDT	+0.0195%	4h	66.360	+0.030%	$192.3M	$706.4M	100x	as long as short
edgeX XAGUSDC	+0.0198%	4h	66.273	−0.101%	$672K	$315K	30x	as long as short
Nado XAG-PERPshort	+0.0214%	1h	66.299	−0.062%	$1.3M	$6.5M	10x
OKX XAG-USDT-SWAP	+0.0216%	8h	66.360	+0.030%	$27.8M	$65.9M	50x	as long as short
Aftermath Perps XAGUSD	+0.0234%	1h	66.236	−0.157%	$80K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0248%	4h	66.360	+0.030%	$23.8M	$45.9M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0264%	4h	66.280	−0.090%	$402K	$1.5M	25x	as long as short
Hibachi XAG/USDT-P	+0.0264%	1h	66.282	−0.087%	$20K	$22K	10x	as long as short
Bullet SILVER-USD	+0.0280%	1h	66.358	+0.027%	$45K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0348% / S −0.0368%	1h	66.365	+0.038%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0353%	1h	66.340	0.000%	$50K	$322K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0549%	1h	66.330	−0.015%	$916K	$674K	25x	as long as short