XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.5% APRnext payment −$0.01 per $10,000 · paid last 24h +0.001%

Price spread now: Polymarket Perps against QFEX−0.032%7-day average −0.052% · 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−$23as in the Price arb table

costs, in and out, $10k−$250.249% of the position

Long on QFEX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.023%+$2 on $10k

Price spread, last 7 days−0.011%−$1 · spread now −0.032%, 7d avg −0.052%

Together, before fees+0.013%+$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Polymarket Perps is 0.020% dearer against QFEX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX SILVER-USD	66.140	0.0054	pay 0.0007% / 1h	17m 35s	$115K	$2.7M	20x
Short	Polymarket Perps SILVER-USD	66.119	0.0050	get 0.0006% / 1h	17m 35s	$3.9M	$672K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.032%Rate

Funding earned: −$0.89
Price spread: −0.032% → −0.052%: $2
Slippage, 4 orders: −$6.93
Fee QFEX: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$23.82
Costs to cover: 0.249%
Break-even: never at this rate

Slippage from QFEX: live order book, 5 min ago; Polymarket Perps: 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	1.51 bp	7.9 bp −$8	8.0 bp −$80	9.5 bp −$945	doesn't fit
Sell Polymarket Perps live order book, 1 min ago	0.53 bp	5.8 bp −$6	6.0 bp −$60	7.2 bp −$717	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	66.080	−0.091%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.170	+0.045%	$150.1M	$163.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.140	0.000%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.170	+0.045%	$1.0M	$971K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.150	+0.015%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.068	−0.108%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.137	−0.005%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.087	−0.080%	$5.2M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.393%	$11K	$94K	52x	as long as short
Hotstuff SILVER-PERP	+0.0040%	1h	66.106	−0.051%	$35K	$21K	20x	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	66.150	+0.015%	$796K	$3.1M	40x	as long as short
Ondo Perps XAG-USD.P	+0.0041%	1h	66.040	−0.151%	$5.7M	$9.6M	25x	as long as short
Vest SI-PERP	+0.0046%	1h	66.585	+0.673%	—	—	25x	as long as short
Polymarket Perps SILVER-USDshort	+0.0050%	1h	66.119	−0.032%	$3.9M	$672K	20x
SoDEX SILVER-USD	+0.0050%	1h	66.070	−0.106%	$3K	$6K	20x	as long as short
QFEX SILVER-USDlong	+0.0054%	1h	66.140	long leg	$115K	$2.7M	20x
Phoenix SILVER	+0.0060%	1h	66.143	+0.005%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0070%	24h	66.110	−0.045%	$547K	$25.4M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	66.098	−0.064%	$471K	$615K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.110	−0.045%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.130	−0.015%	$113K	$30K	50x	as long as short
tradeXYZ xyz:SILVER	+0.0123%	1h	66.116	−0.036%	$165.9M	$74.2M	25x	as long as short
RISEx XAG/USDC	+0.0137%	1h	66.148	+0.012%	$1.3M	$4.5M	20x	as long as short
Paradex XAG-USD-PERP	+0.0140%	8h	66.143	+0.004%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0143%	4h	66.150	+0.015%	$2.7M	$878K	100x	as long as short
Bybit XAGUSDT	+0.0162%	4h	66.170	+0.045%	$27.0M	$36.1M	150x	as long as short
Lighter XAG	+0.0176%	1h	66.140	0.000%	$5.2M	$10.7M	25x	as long as short
Aevo XAG-PERP	+0.0192%	1h	66.147	+0.011%	$47K	—	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.170	+0.045%	$1.8M	$1.0M	20x	as long as short
Variational Omni XAG	+0.0206%	4h	66.183	+0.065%	$5.6M	$9.6M	—	as long as short
Nado XAG-PERP	+0.0206%	1h	66.102	−0.057%	$1.4M	$6.5M	10x	as long as short
Binance XAGUSDT	+0.0211%	4h	66.152	+0.018%	$192.4M	$700.4M	100x	as long as short
MEXC SILVER_USDT	+0.0212%	4h	66.150	+0.015%	$110.2M	$152.8M	1000x	as long as short
Aftermath Perps XAGUSD	+0.0218%	1h	66.129	−0.017%	$80K	$36K	10x	as long as short
edgeX XAGUSDC	+0.0221%	4h	66.189	+0.074%	$672K	$312K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0231%	8h	66.150	+0.015%	$27.7M	$65.1M	50x	as long as short
BloFin XAG-USDT	+0.0243%	4h	66.200	+0.091%	$2.6M	$555K	100x	as long as short
Bitget XAGUSDT	+0.0256%	4h	66.160	+0.030%	$23.9M	$45.3M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0276%	4h	66.193	+0.080%	$389K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0287%	1h	66.148	+0.012%	$44K	$76K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0355%	1h	66.120	−0.030%	$62K	$349K	20x	as long as short
Hibachi XAG/USDT-P	+0.0368%	1h	66.092	−0.072%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0383% / S −0.0424%	1h	66.145	+0.008%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0485%	1h	66.108	−0.048%	$913K	$681K	25x	as long as short