Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0089%/8h= −9.8% APRpaid last 24h −0.008%

Price spread now: QFEX against Paradex−0.020%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and QFEX is 0.020% cheaper against Paradex than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XAG-USD-PERP	66.083	0.0143	pay 0.0143% / 8h	4h 08m	$30K	$1K	5x
Short	QFEX SILVER-USD	66.070	0.0054	get 0.0007% / 1h	8m 31s	$115K	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Paradex. 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 ParadexbpFee QFEXbpOrdersPrice spread, now −0.020%Rate

Funding earned: −$18.72
Price spread: −0.020% → 0.000%: −$2.01
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$34.73
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; QFEX: live order book, 4 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 Paradex no order-book sample	—	—	—	—	—
Sell QFEX live order book, 4 min ago	2.27 bp	7.3 bp −$7	7.3 bp −$73	9.3 bp −$926	doesn't fit

Paradex: 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 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	66.018	−0.099%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.100	+0.025%	$150.1M	$163.9M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.110	+0.040%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.130	+0.071%	$1.0M	$968K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.140	+0.086%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.993	−0.136%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.060	−0.035%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.008	−0.114%	$5.2M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.479%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.110	+0.040%	$795K	$3.1M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAG-USD.P	+0.0043%	1h	65.970	−0.171%	$5.7M	$9.6M	25x	as long as short
Vest SI-PERP	+0.0046%	1h	66.500	+0.631%	—	—	25x	as long as short
Hotstuff SILVER-PERP	+0.0048%	1h	66.057	−0.040%	$35K	$21K	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.034	−0.075%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.029	−0.082%	$3K	$6K	20x	as long as short
QFEX SILVER-USDshort	+0.0054%	1h	66.070	−0.020%	$115K	$2.7M	20x
Phoenix SILVER	+0.0060%	1h	66.053	−0.046%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0071%	24h	66.082	−0.002%	$548K	$25.4M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	66.034	−0.075%	$470K	$615K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.040	−0.065%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.030	−0.081%	$113K	$30K	50x	as long as short
tradeXYZ xyz:SILVER	+0.0127%	1h	66.035	−0.073%	$165.9M	$73.4M	25x	as long as short
RISEx XAG/USDC	+0.0137%	1h	66.067	−0.025%	$1.3M	$4.6M	20x	as long as short
Paradex XAG-USD-PERPlong	+0.0143%	8h	66.083	long leg	$30K	$1K	5x
Aster XAGUSDT	+0.0148%	4h	66.080	−0.005%	$2.7M	$868K	100x	as long as short
Bybit XAGUSDT	+0.0172%	4h	66.090	+0.010%	$27.1M	$36.1M	150x	as long as short
Lighter XAG	+0.0184%	1h	66.063	−0.030%	$5.3M	$10.7M	25x	as long as short
Aevo XAG-PERP	+0.0192%	1h	66.098	+0.022%	$47K	—	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.020	−0.096%	$1.8M	$1.0M	20x	as long as short
Variational Omni XAG	+0.0204%	4h	66.063	−0.031%	$5.6M	$9.5M	—	as long as short
MEXC SILVER_USDT	+0.0214%	4h	66.070	−0.020%	$110.6M	$153.0M	1000x	as long as short
Nado XAG-PERP	+0.0214%	1h	66.025	−0.089%	$1.4M	$6.4M	10x	as long as short
Binance XAGUSDT	+0.0216%	4h	66.080	−0.005%	$192.7M	$699.9M	100x	as long as short
Aftermath Perps XAGUSD	+0.0221%	1h	66.069	−0.021%	$80K	$36K	10x	as long as short
edgeX XAGUSDC	+0.0227%	4h	66.058	−0.039%	$670K	$311K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0235%	8h	66.080	−0.005%	$27.7M	$65.0M	50x	as long as short
Bitget XAGUSDT	+0.0258%	4h	66.070	−0.020%	$23.8M	$45.4M	100x	as long as short
BloFin XAG-USDT	+0.0264%	4h	66.120	+0.056%	$2.6M	$554K	100x	as long as short
GRVT XAG_USDT_Perp	+0.0276%	4h	66.090	+0.011%	$389K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0290%	1h	66.081	−0.004%	$44K	$76K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0356%	1h	66.080	−0.005%	$75K	$362K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0383% / S −0.0424%	1h	66.075	−0.012%	$103K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0384%	1h	66.054	−0.045%	$20K	$19K	10x	as long as short
Kraken Futures PF_XAGUSD	+0.0485%	1h	66.080	−0.004%	$912K	$683K	25x	as long as short