Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0135%/8h= +14.8% APRpaid last 24h +0.012%

Price spread now: OKX against QFEX+0.030%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$310.312% of the position

Long on QFEX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.011%+$1 on $10k

Price spread, last 7 days−0.017%−$2 · spread now +0.030%, 7d avg +0.043%

Together, before fees−0.006%−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.043%, 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	66.610	0.0061	pay 0.0008% / 1h	17m 21s	$125K	$2.8M	20x
Short	OKX XAG-USDT-SWAP	66.630	0.0196	get 0.0196% / 8h	17m 21s	$28.0M	$67.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.030%Rate

Funding earned: $28.34
Price spread: +0.030% → +0.043%: −$1.3
Slippage, 4 orders: −$11.21
Fee QFEX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$4.17
Costs to cover: 0.312%
Break-even: 8.0 days

Slippage from QFEX: live order book, 5 min ago; OKX: live order book, 1 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, 5 min ago	3.01 bp	11.7 bp −$12	12.4 bp −$124	13.3 bp −$1,331	17.4 bp −$8,716
Sell OKX live order book, 1 min ago	0.75 bp	5.8 bp −$6	7.0 bp −$70	12.4 bp −$1,236	84.9 bp −$42.4K

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	66.560	−0.075%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.650	+0.060%	$26.2M	$34.6M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.640	+0.045%	$156.1M	$174.3M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.640	+0.045%	$2K	$3.0M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.670	+0.090%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.660	+0.075%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.570	−0.061%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.620	+0.014%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.570	−0.059%	$5.5M	$12.2M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.315%	$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
Phoenix SILVER	+0.0036%	1h	66.531	−0.119%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	66.530	−0.120%	$796K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	67.076	+0.700%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.601	−0.014%	$3.9M	$699K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.565	−0.068%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.530	−0.120%	$5.7M	$10.0M	25x	as long as short
Kalshi KXSILVERPERP	+0.0060%	24h	66.595	−0.023%	$583K	$21.4M	8.1x	as long as short
QFEX SILVER-USDlong	+0.0061%	1h	66.610	long leg	$125K	$2.8M	20x
BloFin XAG-USDT	+0.0068%	4h	66.550	−0.090%	$2.6M	$651K	100x	as long as short
tradeXYZ xyz:SILVER	+0.0072%	1h	66.593	−0.026%	$166.0M	$86.9M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.577	−0.049%	$481K	$618K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.590	−0.030%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.570	−0.060%	$127K	$26K	50x	as long as short
Paradex XAG-USD-PERP	+0.0106%	8h	66.619	+0.014%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0106%	4h	66.526	−0.126%	$5.6M	$10.1M	—	as long as short
Aster XAGUSDT	+0.0116%	4h	66.640	+0.045%	$2.8M	$1.1M	100x	as long as short
Lighter XAG	+0.0120%	1h	66.622	+0.018%	$5.2M	$10.4M	25x	as long as short
MEXC SILVER_USDT	+0.0124%	4h	66.610	0.000%	$115.3M	$153.4M	1000x	as long as short
Binance XAGUSDT	+0.0125%	4h	66.630	+0.030%	$192.8M	$724.7M	100x	as long as short
Aevo XAG-PERP	+0.0128%	1h	66.630	+0.030%	$48K	—	10x	as long as short
edgeX XAGUSDC	+0.0133%	4h	66.541	−0.103%	$675K	$315K	30x	as long as short
Hotstuff SILVER-PERP	+0.0152%	1h	66.598	−0.018%	$35K	$21K	20x	as long as short
Bitget XAGUSDT	+0.0152%	4h	66.640	+0.045%	$24.4M	$48.4M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0160%	1h	66.640	+0.045%	$1.9M	$851K	20x	as long as short
Aftermath Perps XAGUSD	+0.0166%	1h	66.516	−0.141%	$80K	$39K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0180%	4h	66.640	+0.045%	$392K	$1.5M	25x	as long as short
OKX XAG-USDT-SWAPshort	+0.0196%	8h	66.630	+0.030%	$28.0M	$67.0M	50x
RISEx XAG/USDC	+0.0208%	1h	66.634	+0.036%	$1.3M	$4.2M	20x	as long as short
Bullet SILVER-USD	+0.0252%	1h	66.633	+0.035%	$45K	$75K	10x	as long as short
Nado XAG-PERP	+0.0254%	1h	66.588	−0.034%	$1.3M	$6.6M	10x	as long as short
Hibachi XAG/USDT-P	+0.0288%	1h	66.610	0.000%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.635	+0.038%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0351%	1h	66.620	+0.015%	$50K	$351K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0595%	1h	66.600	−0.016%	$764K	$588K	25x	as long as short