XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0062%/8h= −6.8% APRnext payment −$0.08 per $10,000 · paid last 24h −0.006%

Price spread now: QFEX against tradeXYZ+0.020%7-day average +0.029% · 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−$36as in the Price arb table

costs, in and out, $10k−$350.348% of the position

Long on tradeXYZ Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.025%−$2 on $10k

Price spread, last 7 days−0.019%−$2 · spread now +0.020%, 7d avg +0.029%

Together, before fees−0.043%+ Points / potential airdroptradeXYZ: Active · farm board−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.029%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:SILVER	65.587	0.0105	pay 0.0013% / 1h	54m 25s	$175.7M	$86.7M	25x
Short	QFEX SILVER-USD	65.600	0.0042	get 0.0005% / 1h	54m 25s	$446K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against tradeXYZ. 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 tradeXYZbpFee QFEXbpOrdersPrice spread, now +0.020%Rate

Funding earned: −$13.11
Price spread: +0.020% → +0.029%: −$0.89
Slippage, 4 orders: −$6.82
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$48.81
Costs to cover: 0.348%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 9 min ago; QFEX: live order book, 5 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 tradeXYZ live order book, 9 min ago	0.08 bp	9.3 bp −$9	10.6 bp −$106	doesn't fit	doesn't fit
Sell QFEX live order book, 5 min ago	2.28 bp	7.3 bp −$7	7.3 bp −$73	8.3 bp −$827	14.0 bp −$7,015

XAG on 44 exchanges

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	−0.0088%	1h	65.565	−0.034%	$39K	$26K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	65.521	−0.100%	$13K	$8K	5x	as long as short
RISEx XAG/USDC	0.0000%	1h	65.619	+0.048%	$1.3M	$5.4M	20x	as long as short
Gate XAG_USDT	0.0000%	4h	65.620	+0.050%	$136.6M	$198.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.590	+0.005%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.630	+0.066%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.610	+0.035%	$1.5M	$257K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.554	−0.050%	$119K	—	250x	as long as short
Ondo Perps XAG-USD.P	+0.0025%	1h	65.520	−0.102%	$5.7M	$11.1M	25x	as long as short
Lighter RH XAG	+0.0032%	1h	65.605	+0.027%	$4.6M	$9.5M	25x	as long as short

Show all 44 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XAG-USD	+0.0032%	1h	65.550	−0.056%	$5.1M	$11.9M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	64.602	−1.502%	$11K	$240	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.590	+0.005%	$789K	$3.0M	40x	as long as short
QFEX SILVER-USDshort	+0.0042%	1h	65.600	+0.020%	$446K	$1.4M	20x
Bybit XAGUSDT	+0.0043%	4h	65.630	+0.066%	$30.5M	$47.8M	150x	as long as short
Vest SI-PERP	+0.0046%	1h	66.037	+0.686%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.576	−0.017%	$3.8M	$905K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.526	−0.093%	$3K	$6K	20x	as long as short
Variational Omni XAG	+0.0052%	4h	65.578	−0.014%	$5.6M	$9.0M	—	as long as short
Paradex XAG-USD-PERP	+0.0052%	8h	65.597	+0.015%	$29K	—	5x	as long as short
Aster XAGUSDT	+0.0073%	4h	65.590	+0.005%	$2.7M	$1.2M	100x	as long as short
MEXC SILVER_USDT	+0.0074%	4h	65.610	+0.035%	$114.5M	$162.8M	1000x	as long as short
Binance XAGUSDT	+0.0076%	4h	65.625	+0.057%	$190.4M	$863.2M	100x	as long as short
edgeX XAGUSDC	+0.0087%	4h	65.624	+0.057%	$669K	$313K	30x	as long as short
Aevo XAG-PERP	+0.0088%	1h	65.576	−0.017%	$47K	—	10x	as long as short
GRVT XAG_USDT_Perp	+0.0096%	4h	65.674	+0.132%	$389K	$1.6M	25x	as long as short
Pacifica XAG	+0.0100%	1h	65.546	−0.063%	$462K	$520K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.570	−0.026%	$25.3M	$4.3M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.610	+0.035%	$112K	$19K	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	65.710	+0.188%	$1.6M	$1.9M	20x	as long as short
tradeXYZ xyz:SILVERlong	+0.0105%	1h	65.587	long leg	$175.7M	$86.7M	25x
Kalshi KXSILVERPERP	+0.0107%	24h	65.584	−0.005%	$792K	$38.8M	8.1x	as long as short
Phoenix SILVER	+0.0122%	1h	65.584	−0.005%	$55K	$15K	25x	as long as short
Lighter XAG	+0.0128%	1h	65.599	+0.019%	$5.3M	$11.8M	25x	as long as short
Nado XAG-PERP	+0.0139%	1h	65.564	−0.034%	$1.2M	$3.4M	10x	as long as short
OKX XAG-USDT-SWAP	+0.0178%	8h	65.620	+0.050%	$27.9M	$85.7M	50x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0208%	1h	65.570	−0.026%	$77K	$409K	20x	as long as short
Bitget XAGUSDT	+0.0214%	4h	65.620	+0.050%	$23.1M	$52.8M	100x	as long as short
Hibachi XAG/USDT-P	+0.0224%	1h	65.538	−0.075%	$21K	$12K	10x	as long as short
Aftermath Perps XAGUSD	+0.0226%	1h	65.609	+0.033%	$79K	$37K	10x	as long as short
Bullet SILVER-USD	+0.0227%	1h	65.625	+0.058%	$45K	$73K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0282% / S −0.0253%	1h	65.625	+0.058%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0309%	4h	65.610	+0.035%	$2.7M	$784K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0540%	1h	65.567	−0.031%	$1.0M	$943K	25x	as long as short