XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0108%/8h= −11.8% APRnext payment −$0.13 per $10,000 · paid last 24h −0.034%

Price spread now: QFEX against Nado+0.053%7-day average −0.012% · 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−$21as in the Price arb table

costs, in and out, $10k−$280.277% of the position

Long on Nado Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.070%−$7 on $10k

Price spread, last 7 days−0.082%−$8 · spread now +0.053%, 7d avg −0.012%

Together, before fees−0.152%+ Points / potential airdropNado: Active · farm board−$15 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.064% dearer against Nado than usual: you sell high and buy low (spread +0.053% now, against its 7-day average of −0.012%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 48 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado XAG-PERP	65.705	0.0170	pay 0.0021% / 1h	59m 35s	$1.2M	$3.7M	10x
Short	QFEX SILVER-USD	65.740	0.0062	get 0.0008% / 1h	59m 35s	$447K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Nado. 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 NadobpFee QFEXbpOrdersPrice spread, now +0.053%Rate

Funding earned: −$22.68
Price spread: +0.053% → −0.012%: $6.43
Slippage, 4 orders: −$10.68
Fee Nado: 3.5 bp × 2 orders: −$7
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$43.93
Costs to cover: 0.277%
Break-even: never at this rate

Slippage from Nado: live order book, 2 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 Nado live order book, 2 min ago	0.46 bp	5.9 bp −$6	9.4 bp −$94	31.8 bp −$3,184	doesn't fit
Sell QFEX live order book, 5 min ago	3.05 bp	8.0 bp −$8	8.0 bp −$80	8.9 bp −$886	12.4 bp −$6,217

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	−1.2752%	1h	65.532	−0.264%	$36K	$23K	20x	as long as short
Injective XAG/USDC PERP	−0.0220%	1h	64.602	−1.679%	$11K	$240	52x	as long as short
dYdX XAG-USD	0.0000%	1h	65.654	−0.078%	$13K	$8K	5x	as long as short
Gate XAG_USDT	0.0000%	4h	65.720	+0.022%	$138.9M	$202.2M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.770	+0.098%	$2K	$2.5M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.800	+0.144%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.750	+0.068%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.621	−0.129%	$119K	—	250x	as long as short
Ondo Perps XAG-USD.P	+0.0013%	1h	65.590	−0.176%	$5.7M	$10.9M	25x	as long as short
Lighter RH XAG	+0.0032%	1h	65.711	+0.008%	$4.5M	$9.4M	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	65.660	−0.069%	$5.1M	$11.8M	10x	as long as short
StandX XAG-USD	+0.0040%	1h	65.660	−0.069%	$790K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.157	+0.687%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.727	+0.033%	$3.9M	$894K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.689	−0.025%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0058%	8h	65.701	−0.007%	$29K	$166	5x	as long as short
QFEX SILVER-USDshort	+0.0062%	1h	65.740	+0.053%	$447K	$1.4M	20x
Coinbase International SILVER-PERP-INTX	+0.0088%	1h	65.690	−0.024%	$1.6M	$1.9M	20x	as long as short
Kalshi KXSILVERPERP	+0.0098%	24h	65.723	+0.027%	$709K	$38.6M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	65.685	−0.031%	$467K	$570K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.690	−0.024%	$25.4M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.620	−0.130%	$112K	$19K	50x	as long as short
Variational Omni XAG	+0.0101%	4h	65.650	−0.085%	$5.7M	$9.1M	—	as long as short
Phoenix SILVER	+0.0110%	1h	65.567	−0.211%	$55K	$13K	25x	as long as short
RISEx XAG/USDC	+0.0116%	1h	65.710	+0.007%	$1.2M	$4.9M	20x	as long as short
MEXC SILVER_USDT	+0.0124%	4h	65.710	+0.007%	$121.5M	$162.1M	1000x	as long as short
Binance XAGUSDT	+0.0125%	4h	65.720	+0.022%	$191.9M	$860.9M	100x	as long as short
Aster XAGUSDT	+0.0126%	4h	65.723	+0.027%	$2.7M	$1.2M	100x	as long as short
Aevo XAG-PERP	+0.0128%	1h	65.741	+0.055%	$47K	—	10x	as long as short
edgeX XAGUSDC	+0.0138%	4h	65.677	−0.044%	$669K	$314K	30x	as long as short
tradeXYZ xyz:SILVER	+0.0149%	1h	65.716	+0.016%	$174.8M	$94.0M	25x	as long as short
Bybit XAGUSDT	+0.0169%	4h	65.740	+0.053%	$30.5M	$47.9M	150x	as long as short
Nado XAG-PERPlong	+0.0170%	1h	65.705	long leg	$1.2M	$3.7M	10x
GRVT XAG_USDT_Perp	+0.0172%	4h	65.737	+0.048%	$397K	$1.5M	25x	as long as short
Lighter XAG	+0.0192%	1h	65.739	+0.051%	$5.1M	$12.0M	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0207%	1h	65.730	+0.037%	$77K	$411K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0216%	8h	65.720	+0.022%	$28.0M	$85.6M	50x	as long as short
Aftermath Perps XAGUSD	+0.0222%	1h	65.572	−0.203%	$79K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0252%	4h	65.720	+0.022%	$23.3M	$52.7M	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0267% / S −0.0234%	1h	65.775	+0.106%	$93K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0272%	1h	65.621	−0.129%	$21K	$12K	10x	as long as short
Bullet SILVER-USD	+0.0274%	1h	65.780	+0.113%	$45K	$74K	10x	as long as short
BloFin XAG-USDT	+0.0365%	4h	65.700	−0.008%	$2.7M	$771K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0771%	1h	65.753	+0.072%	$1.0M	$943K	25x	as long as short