XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0049%/8h= +5.3% APRnext payment +$0.06 per $10,000 · paid last 24h +0.016%

Price spread now: ApeX Omni against QFEX−0.350%56s7-day average +0.001% · you buy dearer than you sell

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−$600.600% of the position

Long on QFEX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.088%+$9 on $10k

Price spread, last 4 days (all we have)+0.356%+$36 · spread now −0.350%, 7d avg +0.001%

Together, before fees+0.445%+$44 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.351% cheaper against QFEX than usual: you would sell low and buy high (spread −0.350% now, against its 7-day average of +0.001%). If the spread goes back, that is −$35 on $10k: about 24 days of funding at the current rate (+$1 a day). 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	QFEX SILVER-USD	65.630	0.0051	pay 0.0006% / 1h	9m 43s	$157K	$2.8M	20x
Short	ApeX Omni XAGUSDT	65.400	0.0100	get 0.0013% / 1h	9m 43s	$112K	$23K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against QFEX. 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 QFEXbpFee ApeX OmnibpOrdersPrice spread, now −0.350%Rate

Funding earned: $10.25
Price spread: −0.350% → +0.001%: −$35.13
Slippage, 4 orders: −$39.99
Fee QFEX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$84.87
Costs to cover: 0.600%
Break-even: 65.0 days

Slippage from QFEX: live order book, 3 min ago; ApeX Omni: live order book, 36 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 QFEX live order book, 3 min ago	2.29 bp	8.5 bp −$9	8.8 bp −$88	9.8 bp −$982	doesn't fit
Sell ApeX Omni live order book, 36 min ago	6.05 bp	14.5 bp −$15	48.9 bp −$489	doesn't fit	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	65.642	+0.018%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.690	+0.091%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.710	+0.122%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.690	+0.091%	$1.5M	$280K	100x	as long as short
Ondo Perps XAG-USD.P	+0.0001%	1h	65.610	−0.030%	$5.6M	$9.7M	25x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.616	−0.021%	$119K	—	250x	as long as short
RISEx XAG/USDC	+0.0030%	1h	65.662	+0.049%	$1.2M	$4.9M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	65.694	+0.098%	$4.7M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.639	+0.013%	$5.1M	$11.7M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.173%	$11K	$94K	52x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix SILVER	+0.0036%	1h	65.418	−0.323%	$56K	$26K	25x	as long as short
Gate XAG_USDT	+0.0040%	4h	65.710	+0.122%	$145.2M	$179.9M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.570	−0.091%	$789K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.068	+0.667%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.627	−0.005%	$3.9M	$710K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.636	+0.009%	$3K	$6K	20x	as long as short
QFEX SILVER-USDlong	+0.0051%	1h	65.630	long leg	$157K	$2.8M	20x
Hotstuff SILVER-PERP	+0.0056%	1h	65.607	−0.035%	$35K	$21K	20x	as long as short
Paradex XAG-USD-PERP	+0.0064%	8h	65.692	+0.095%	$29K	$1K	5x	as long as short
Kalshi KXSILVERPERP	+0.0076%	24h	65.640	+0.015%	$450K	$28.9M	8.1x	as long as short
tradeXYZ xyz:SILVER	+0.0081%	1h	65.655	+0.038%	$171.1M	$82.1M	25x	as long as short
Aster XAGUSDT	+0.0086%	4h	65.680	+0.076%	$2.7M	$944K	100x	as long as short
Pacifica XAG	+0.0100%	1h	65.635	+0.007%	$469K	$629K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.660	+0.046%	$24.7M	$4.8M	75x	as long as short
ApeX Omni XAGUSDTshort	+0.0100%	1h	65.400	−0.350%	$112K	$23K	50x
Bybit XAGUSDT	+0.0121%	4h	65.720	+0.137%	$28.9M	$39.0M	150x	as long as short
Variational Omni XAG	+0.0127%	4h	65.584	−0.071%	$5.5M	$9.5M	—	as long as short
Lighter XAG	+0.0128%	1h	65.687	+0.087%	$5.3M	$11.3M	25x	as long as short
MEXC SILVER_USDT	+0.0136%	4h	65.690	+0.091%	$123.8M	$161.7M	1000x	as long as short
Hibachi XAG/USDT-P	+0.0136%	1h	65.476	−0.235%	$20K	$19K	10x	as long as short
Aevo XAG-PERP	+0.0136%	1h	65.678	+0.073%	$47K	—	10x	as long as short
Binance XAGUSDT	+0.0137%	4h	65.690	+0.091%	$189.4M	$744.6M	100x	as long as short
Nado XAG-PERP	+0.0155%	1h	65.582	−0.073%	$1.3M	$5.5M	10x	as long as short
edgeX XAGUSDC	+0.0158%	4h	65.443	−0.285%	$666K	$311K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.530	−0.152%	$1.6M	$1.3M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0204%	4h	65.430	−0.305%	$397K	$1.5M	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0207%	1h	65.680	+0.076%	$66K	$368K	20x	as long as short
Aftermath Perps XAGUSD	+0.0208%	1h	65.471	−0.243%	$79K	$37K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0216%	8h	65.700	+0.107%	$28.0M	$70.2M	50x	as long as short
Bitget XAGUSDT	+0.0216%	4h	65.700	+0.107%	$23.9M	$46.3M	100x	as long as short
Bullet SILVER-USD	+0.0245%	1h	65.681	+0.077%	$43K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0366% / S −0.0361%	1h	65.675	+0.069%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0379%	4h	65.610	−0.030%	$2.6M	$622K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0469%	1h	65.657	+0.041%	$916K	$735K	25x	as long as short