XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0170%/8h= −18.6% APRnext payment −$0.21 per $10,000 · paid last 24h −0.065%

Price spread now: QFEX against Hibachi−0.052%52s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hibachi Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHibachi: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and QFEX is 0.052% cheaper against Hibachi than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 52 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	Hibachi XAG/USDT-P	66.365	0.0224	pay 0.0028% / 1h	14m 41s	$20K	$22K	10x
Short	QFEX SILVER-USD	66.330	0.0054	get 0.0007% / 1h	14m 41s	$115K	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Hibachi. 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 HibachibpFee QFEXbpOrdersPrice spread, now −0.052%Rate

Funding earned: −$35.63
Price spread: −0.052% → 0.000%: −$5.24
Slippage, 4 orders: no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$59.87
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Hibachi: no order-book sample; QFEX: live order book, 3 min ago. Net counts fees only.

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 Hibachi no order-book sample	—	—	—	—	—
Sell QFEX live order book, 3 min ago	1.51 bp	9.3 bp −$9	9.5 bp −$95	10.0 bp −$1,000	doesn't fit

Hibachi: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XAG on 43 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	66.296	−0.104%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.350	−0.022%	$153.2M	$164.4M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.390	+0.038%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.440	+0.113%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.430	+0.098%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.319	−0.070%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.322	−0.064%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.273	−0.139%	$5.4M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.053%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.410	+0.068%	$799K	$2.9M	40x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SI-PERP	+0.0046%	1h	66.832	+0.704%	—	—	25x	as long as short
Ondo Perps XAG-USD.P	+0.0048%	1h	66.230	−0.203%	$5.7M	$9.6M	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.402	+0.056%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.370	+0.008%	$3.9M	$669K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.307	−0.087%	$3K	$6K	20x	as long as short
QFEX SILVER-USDshort	+0.0054%	1h	66.330	−0.052%	$115K	$2.7M	20x
Hotstuff SILVER-PERP	+0.0056%	1h	66.305	−0.090%	$35K	$21K	20x	as long as short
Kalshi KXSILVERPERP	+0.0062%	24h	66.363	−0.003%	$541K	$23.7M	8.1x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.337	−0.042%	$1.2M	$4.4M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0099%	1h	66.301	−0.096%	$165.8M	$76.1M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.284	−0.122%	$472K	$606K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.310	−0.083%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.380	+0.023%	$126K	$23K	50x	as long as short
Aster XAGUSDT	+0.0133%	4h	66.350	−0.022%	$2.7M	$942K	100x	as long as short
Bybit XAGUSDT	+0.0135%	4h	66.360	−0.007%	$26.6M	$36.4M	150x	as long as short
Paradex XAG-USD-PERP	+0.0136%	8h	66.330	−0.052%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0166%	4h	66.373	+0.012%	$5.5M	$9.8M	—	as long as short
Aevo XAG-PERP	+0.0168%	1h	66.379	+0.021%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0180%	4h	66.330	−0.052%	$102.6M	$158.6M	1000x	as long as short
Binance XAGUSDT	+0.0181%	4h	66.340	−0.037%	$192.2M	$706.4M	100x	as long as short
edgeX XAGUSDC	+0.0184%	4h	66.421	+0.085%	$674K	$315K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.410	+0.068%	$1.9M	$971K	20x	as long as short
Lighter XAG	+0.0192%	1h	66.332	−0.049%	$5.3M	$10.6M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0211%	8h	66.350	−0.022%	$28.0M	$65.7M	50x	as long as short
Nado XAG-PERP	+0.0224%	1h	66.371	+0.009%	$1.3M	$6.5M	10x	as long as short
Hibachi XAG/USDT-Plong	+0.0224%	1h	66.365	long leg	$20K	$22K	10x
Aftermath Perps XAGUSD	+0.0233%	1h	66.385	+0.030%	$80K	$38K	10x	as long as short
Bitget XAGUSDT	+0.0248%	4h	66.340	−0.037%	$23.9M	$46.0M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0266%	4h	66.450	+0.128%	$395K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0288%	1h	66.407	+0.064%	$46K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0292% / S −0.0281%	1h	66.405	+0.061%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0353%	1h	66.360	−0.007%	$50K	$325K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0462%	1h	66.360	−0.006%	$765K	$478K	25x	as long as short