Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.5% APRnext payment +$0.01 per $10,000 · paid last 24h −0.001%
Price spread now: QFEX against Polymarket Perps+0.030%7-day average +0.052% · 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−$27as in the Price arb table
costs, in and out, $10k−$250.252% of the position
Funding, last 3 days (all we have)−0.024%−$2 on $10k
+Price spread, last 7 days+0.030%+$3 · spread now +0.030%, 7d avg +0.052%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.022% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.052%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps SILVER-USD | 66.390 | 0.0050 | pay 0.0006% / 1h | 57m 17s | $3.9M | $669K | 20x |
| Short | QFEX SILVER-USD | 66.410 | 0.0054 | get 0.0007% / 1h | 57m 17s | $115K | $2.8M | 20x |
Polymarket Perps SILVER-USD
QFEX SILVER-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Polymarket Perps. 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
- $0.91
- Price spread: +0.030% → +0.052%
- −$2.2
- Slippage, 4 orders
- −$7.21
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$26.5
- Costs to cover
- 0.252%
- Break-even
- 211.5 days
Slippage from Polymarket Perps: live order book, 2 min ago; QFEX: live order book, 10 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 Polymarket Perps live order book, 2 min ago | 1.35 bp | 5.4 bp −$5 | 6.4 bp −$64 | 10.1 bp −$1,011 | doesn't fit |
| Sell QFEX live order book, 10 min ago | 2.25 bp | 7.3 bp −$7 | 7.3 bp −$73 | 9.2 bp −$920 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX XAG-USD | 0.0000% | 1h | 66.325 | −0.098% | $15K | — | 5x | as long as short |
| Bybit XAGUSDT | 0.0000% | 4h | 66.440 | +0.075% | $25.9M | $35.7M | 150x | as long as short |
| Hotstuff SILVER-PERP | 0.0000% | 1h | 66.369 | −0.032% | $35K | $21K | 20x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.410 | +0.030% | $154.1M | $159.7M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.420 | +0.045% | $2K | $2.9M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.430 | +0.060% | $1.1M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.470 | +0.121% | $1.5M | $251K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.348 | −0.063% | $120K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.377 | −0.019% | $4.8M | $9.3M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.350 | −0.061% | $5.4M | $12.5M | 10x | as long as short |
dYdX XAG-USD
Bybit XAGUSDT
Hotstuff SILVER-PERP
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Lighter RH XAG
Extended XAG-USDShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps XAG-USD.P | +0.0033% | 1h | 66.320 | −0.105% | $5.7M | $9.5M | 25x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.015% | $11K | $94K | 52x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 66.450 | +0.090% | $799K | $2.9M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.852 | +0.696% | — | — | 25x | as long as short |
| Phoenix SILVER | +0.0048% | 1h | 66.369 | −0.032% | $56K | $26K | 25x | as long as short |
| Polymarket Perps SILVER-USDlong | +0.0050% | 1h | 66.390 | long leg | $3.9M | $669K | 20x | |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.342 | −0.072% | $3K | $6K | 20x | as long as short |
| QFEX SILVER-USDshort | +0.0054% | 1h | 66.410 | +0.030% | $115K | $2.8M | 20x | |
| Kalshi KXSILVERPERP | +0.0059% | 24h | 66.411 | +0.032% | $548K | $23.0M | 8.1x | as long as short |
| RISEx XAG/USDC | +0.0079% | 1h | 66.424 | +0.052% | $1.2M | $4.3M | 20x | as long as short |
| tradeXYZ xyz:SILVER | +0.0092% | 1h | 66.384 | −0.009% | $165.7M | $85.2M | 25x | as long as short |
| Aster XAGUSDT | +0.0096% | 4h | 66.418 | +0.042% | $2.8M | $1.0M | 100x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.371 | −0.029% | $473K | $611K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.380 | −0.015% | $24.5M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.390 | 0.000% | $126K | $23K | 50x | as long as short |
| Variational Omni XAG | +0.0108% | 4h | 66.543 | +0.231% | $5.6M | $9.8M | — | as long as short |
| Paradex XAG-USD-PERP | +0.0112% | 8h | 66.414 | +0.036% | $30K | $1K | 5x | as long as short |
| edgeX XAGUSDC | +0.0123% | 4h | 66.509 | +0.179% | $675K | $316K | 30x | as long as short |
| MEXC SILVER_USDT | +0.0124% | 4h | 66.410 | +0.030% | $108.1M | $156.0M | 1000x | as long as short |
| Binance XAGUSDT | +0.0126% | 4h | 66.415 | +0.038% | $193.2M | $714.6M | 100x | as long as short |
| Aevo XAG-PERP | +0.0128% | 1h | 66.406 | +0.024% | $48K | — | 10x | as long as short |
| Lighter XAG | +0.0160% | 1h | 66.386 | −0.006% | $5.3M | $10.4M | 25x | as long as short |
| BloFin XAG-USDT | +0.0169% | 4h | 66.450 | +0.090% | $2.6M | $686K | 100x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0184% | 1h | 66.380 | −0.015% | $1.9M | $962K | 20x | as long as short |
| GRVT XAG_USDT_Perp | +0.0190% | 4h | 66.454 | +0.097% | $402K | $1.5M | 25x | as long as short |
| OKX XAG-USDT-SWAP | +0.0194% | 8h | 66.410 | +0.030% | $28.0M | $66.6M | 50x | as long as short |
| Bitget XAGUSDT | +0.0198% | 4h | 66.420 | +0.045% | $24.5M | $46.4M | 100x | as long as short |
| Aftermath Perps XAGUSD | +0.0207% | 1h | 66.441 | +0.077% | $80K | $39K | 10x | as long as short |
| Nado XAG-PERP | +0.0247% | 1h | 66.373 | −0.026% | $1.3M | $6.5M | 10x | as long as short |
| Bullet SILVER-USD | +0.0255% | 1h | 66.431 | +0.062% | $45K | $76K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0291% / S −0.0281% | 1h | 66.425 | +0.053% | $103K | — | 111x | as long as short |
| Hibachi XAG/USDT-P | +0.0296% | 1h | 66.371 | −0.029% | $20K | $22K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0353% | 1h | 66.400 | +0.015% | $50K | $331K | 20x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0462% | 1h | 66.377 | −0.020% | $765K | $552K | 25x | as long as short |
Ondo Perps XAG-USD.P
Injective XAG/USDC PERP
StandX XAG-USD
Vest SI-PERP
Phoenix SILVER
SoDEX SILVER-USD
Kalshi KXSILVERPERP
RISEx XAG/USDC
tradeXYZ xyz:SILVER
Aster XAGUSDT
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Variational Omni XAG
Paradex XAG-USD-PERP
edgeX XAGUSDC
MEXC SILVER_USDT
Binance XAGUSDT
Aevo XAG-PERP
Lighter XAG
BloFin XAG-USDT
Coinbase International SILVER-PERP-INTX
GRVT XAG_USDT_Perp
OKX XAG-USDT-SWAP
Bitget XAGUSDT
Aftermath Perps XAGUSD
Nado XAG-PERP
Bullet SILVER-USD
GMX SILVER/USD [ETH-USDC]
Hibachi XAG/USDT-P
Deribit SILVER_USDC-PERPETUAL
Kraken Futures PF_XAGUSD