Funding you earn now, next payment 05:00 UTC−0.0040%/8h= −4.4% APRnext payment −$0.05 per $10,000 · paid last 24h −0.016%
Price spread now: QFEX against ApeX Omni+0.091%56s7-day average −0.001% · 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—prices read too far apart to compare
costs, in and out, $10k−$510.513% of the position
Funding, last 4 days (all we have)−0.088%−$9 on $10k
+Price spread, last 4 days (all we have)−0.102%−$10 · spread now +0.091%, 7d avg −0.001%
=The price spread pays, funding is against you. QFEX is 0.091% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.091% now, against its 7-day average of −0.001%): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.6 days. At the pace of the last 4 days (−0.088% in total) that is about 3.8 days. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni XAGUSDT | 65.990 | 0.0100 | pay 0.0013% / 1h | 4m 01s | $113K | $30K | 50x |
| Short | QFEX SILVER-USD | 66.050 | 0.0060 | get 0.0007% / 1h | 4m 01s | $114K | $2.7M | 20x |
ApeX Omni XAGUSDT
QFEX SILVER-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against ApeX Omni. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$8.42
- Price spread: +0.091% → −0.001%
- $9.15
- Slippage, 4 orders
- −$31.25
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$50.52
- Costs to cover
- 0.513%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 47 min ago; QFEX: 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 ApeX Omni live order book, 47 min ago | 4.55 bp | 18.4 bp −$18 | 66.9 bp −$669 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 4 min ago | 2.27 bp | 7.3 bp −$7 | 7.3 bp −$73 | 9.4 bp −$941 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps XAG-USD.P | −0.0050% | 1h | 65.960 | −0.045% | $5.7M | $9.2M | 25x | as long as short |
| dYdX XAG-USD | 0.0000% | 1h | 65.989 | −0.002% | $14K | $66 | 5x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.080 | +0.136% | $2K | $2.6M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.100 | +0.167% | $1.1M | $1.0M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.080 | +0.136% | $1.5M | $317K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.010 | +0.031% | $120K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.064 | +0.111% | $4.8M | $9.6M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.012 | +0.033% | $5.2M | $11.5M | 10x | as long as short |
| Hotstuff SILVER-PERP | +0.0032% | 1h | 66.027 | +0.056% | $35K | $21K | 20x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.621% | $11K | $94K | 52x | as long as short |
Ondo Perps XAG-USD.P
dYdX XAG-USD
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Lighter RH XAG
Extended XAG-USD
Hotstuff SILVER-PERP
Injective XAG/USDC PERPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX XAG-USD | +0.0040% | 1h | 66.060 | +0.106% | $795K | $3.0M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.491 | +0.759% | — | — | 25x | as long as short |
| Gate XAG_USDT | +0.0048% | 4h | 66.090 | +0.152% | $149.9M | $164.5M | 100x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.035 | +0.068% | $3.9M | $676K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.009 | +0.029% | $3K | $6K | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0056% | 8h | 66.057 | +0.102% | $30K | $1K | 5x | as long as short |
| QFEX SILVER-USDshort | +0.0060% | 1h | 66.050 | +0.091% | $114K | $2.7M | 20x | |
| tradeXYZ xyz:SILVER | +0.0060% | 1h | 66.038 | +0.073% | $166.3M | $73.9M | 25x | as long as short |
| Phoenix SILVER | +0.0073% | 1h | 65.995 | +0.008% | $56K | $26K | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0074% | 24h | 66.036 | +0.070% | $530K | $26.7M | 8.1x | as long as short |
| RISEx XAG/USDC | +0.0080% | 1h | 66.076 | +0.131% | $1.3M | $4.9M | 20x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.008 | +0.028% | $470K | $604K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.040 | +0.076% | $24.4M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDTlong | +0.0100% | 1h | 65.990 | long leg | $113K | $30K | 50x | |
| Bybit XAGUSDT | +0.0112% | 4h | 66.090 | +0.152% | $27.8M | $36.5M | 150x | as long as short |
| Lighter XAG | +0.0120% | 1h | 66.068 | +0.118% | $5.2M | $10.9M | 25x | as long as short |
| Aster XAGUSDT | +0.0120% | 4h | 66.080 | +0.136% | $2.7M | $871K | 100x | as long as short |
| Variational Omni XAG | +0.0164% | 4h | 66.053 | +0.096% | $5.7M | $9.5M | — | as long as short |
| Aevo XAG-PERP | +0.0168% | 1h | 66.063 | +0.110% | $47K | — | 10x | as long as short |
| MEXC SILVER_USDT | +0.0174% | 4h | 66.070 | +0.121% | $115.1M | $152.9M | 1000x | as long as short |
| Binance XAGUSDT | +0.0174% | 4h | 66.070 | +0.121% | $191.0M | $703.3M | 100x | as long as short |
| edgeX XAGUSDC | +0.0182% | 4h | 66.013 | +0.035% | $670K | $311K | 30x | as long as short |
| Nado XAG-PERP | +0.0187% | 1h | 66.027 | +0.056% | $1.4M | $5.8M | 10x | as long as short |
| BloFin XAG-USDT | +0.0196% | 4h | 66.060 | +0.106% | $2.6M | $570K | 100x | as long as short |
| Aftermath Perps XAGUSD | +0.0198% | 1h | 66.022 | +0.048% | $79K | $36K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0204% | 1h | 66.050 | +0.091% | $75K | $363K | 20x | as long as short |
| GRVT XAG_USDT_Perp | +0.0208% | 4h | 66.053 | +0.095% | $394K | $1.5M | 25x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0208% | 1h | 65.980 | −0.015% | $1.8M | $1.0M | 20x | as long as short |
| OKX XAG-USDT-SWAP | +0.0223% | 8h | 66.080 | +0.136% | $27.8M | $64.6M | 50x | as long as short |
| Bitget XAGUSDT | +0.0228% | 4h | 66.070 | +0.121% | $24.0M | $44.9M | 100x | as long as short |
| Bullet SILVER-USD | +0.0237% | 1h | 66.080 | +0.136% | $44K | $75K | 10x | as long as short |
| Hibachi XAG/USDT-P | +0.0304% | 1h | 66.020 | +0.045% | $20K | $19K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0387% / S −0.0440% | 1h | 66.075 | +0.129% | $105K | — | 111x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0623% | 1h | 66.045 | +0.083% | $911K | $685K | 25x | as long as short |
StandX XAG-USD
Vest SI-PERP
Gate XAG_USDT
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Paradex XAG-USD-PERP
tradeXYZ xyz:SILVER
Phoenix SILVER
Kalshi KXSILVERPERP
RISEx XAG/USDC
Pacifica XAG
KuCoin XAGUSDTM
Bybit XAGUSDT
Lighter XAG
Aster XAGUSDT
Variational Omni XAG
Aevo XAG-PERP
MEXC SILVER_USDT
Binance XAGUSDT
edgeX XAGUSDC
Nado XAG-PERP
BloFin XAG-USDT
Aftermath Perps XAGUSD
Deribit SILVER_USDC-PERPETUAL
GRVT XAG_USDT_Perp
Coinbase International SILVER-PERP-INTX
OKX XAG-USDT-SWAP
Bitget XAGUSDT
Bullet SILVER-USD
Hibachi XAG/USDT-P
GMX SILVER/USD [ETH-USDC]
Kraken Futures PF_XAGUSD