Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0164%/8h= +17.9% APRpaid last 24h +0.046%

Price spread now: Bitget against QFEX+0.015%7-day average +0.051% · 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−$35as in the Price arb table

costs, in and out, $10k−$310.311% of the position

Long on QFEX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.076%+$8 on $10k

Price spread, last 7 days+0.058%+$6 · spread now +0.015%, 7d avg +0.051%

Together, before fees+0.134%+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.036% cheaper against QFEX than usual: you would sell low and buy high (spread +0.015% now, against its 7-day average of +0.051%). If the spread goes back, that is −$4 on $10k: about 17 hours of funding at the current rate (+$5 a day). At the pace of the last 4 days (+0.076% in total) that is about 44 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX SILVER-USD	65.590	0.0042	pay 0.0005% / 1h	44m 34s	$446K	$1.4M	20x
Short	Bitget XAGUSDT	65.600	0.0206	get 0.0103% / 4h	44m 34s	$23.2M	$54.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.015%Rate

Funding earned: $34.37
Price spread: +0.015% → +0.051%: −$3.55
Slippage, 4 orders: −$9.09
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$0.27
Costs to cover: 0.311%
Break-even: 7.1 days

Slippage from QFEX: live order book, 5 min ago; Bitget: live order book, 3 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, 5 min ago	3.05 bp	8.1 bp −$8	8.1 bp −$81	9.0 bp −$897	12.7 bp −$6,349
Sell Bitget live order book, 3 min ago	0.76 bp	8.2 bp −$8	9.7 bp −$97	18.4 bp −$1,842	37.3 bp −$18.7K

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
dYdX XAG-USD	0.0000%	1h	65.498	−0.140%	$13K	$8K	5x	as long as short
RISEx XAG/USDC	0.0000%	1h	65.602	+0.018%	$1.3M	$5.5M	20x	as long as short
Hotstuff SILVER-PERP	0.0000%	1h	65.599	+0.014%	$39K	$26K	20x	as long as short
Gate XAG_USDT	0.0000%	4h	65.610	+0.030%	$136.1M	$201.3M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.560	−0.046%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.590	0.000%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.560	−0.046%	$1.5M	$257K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.496	−0.143%	$118K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.582	−0.013%	$4.6M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.528	−0.095%	$5.1M	$12.2M	10x	as long as short

Show all 44 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	64.602	−1.506%	$11K	$240	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.520	−0.107%	$788K	$3.0M	40x	as long as short
QFEX SILVER-USDlong	+0.0042%	1h	65.590	long leg	$446K	$1.4M	20x
Vest SI-PERP	+0.0046%	1h	66.020	+0.656%	—	—	25x	as long as short
Variational Omni XAG	+0.0047%	4h	65.488	−0.155%	$5.5M	$9.0M	—	as long as short
Bybit XAGUSDT	+0.0049%	4h	65.620	+0.046%	$30.3M	$48.7M	150x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.569	−0.032%	$3.8M	$1.5M	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.492	−0.149%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	65.480	−0.168%	$5.7M	$11.0M	25x	as long as short
Paradex XAG-USD-PERP	+0.0052%	8h	65.563	−0.041%	$29K	—	5x	as long as short
Aster XAGUSDT	+0.0068%	4h	65.590	0.000%	$2.7M	$1.2M	100x	as long as short
MEXC SILVER_USDT	+0.0070%	4h	65.580	−0.015%	$115.6M	$163.6M	1000x	as long as short
Binance XAGUSDT	+0.0070%	4h	65.610	+0.030%	$189.5M	$867.7M	100x	as long as short
Lighter XAG	+0.0072%	1h	65.582	−0.012%	$5.3M	$11.9M	25x	as long as short
Aevo XAG-PERP	+0.0080%	1h	65.557	−0.050%	$47K	—	10x	as long as short
edgeX XAGUSDC	+0.0080%	4h	65.541	−0.075%	$668K	$315K	30x	as long as short
GRVT XAG_USDT_Perp	+0.0088%	4h	65.497	−0.142%	$388K	$1.6M	25x	as long as short
tradeXYZ xyz:SILVER	+0.0098%	1h	65.542	−0.073%	$175.5M	$87.7M	25x	as long as short
Pacifica XAG	+0.0100%	1h	65.528	−0.095%	$462K	$518K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.560	−0.046%	$25.3M	$4.4M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.500	−0.137%	$112K	$19K	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	65.500	−0.137%	$1.6M	$2.0M	20x	as long as short
Kalshi KXSILVERPERP	+0.0108%	24h	65.504	−0.131%	$743K	$40.0M	8.1x	as long as short
Nado XAG-PERP	+0.0119%	1h	65.564	−0.040%	$1.2M	$3.4M	10x	as long as short
Phoenix SILVER	+0.0134%	1h	65.480	−0.168%	$55K	$15K	25x	as long as short
OKX XAG-USDT-SWAP	+0.0168%	8h	65.610	+0.030%	$27.6M	$87.7M	50x	as long as short
Bitget XAGUSDTshort	+0.0206%	4h	65.600	+0.015%	$23.2M	$54.1M	100x
Deribit SILVER_USDC-PERPETUAL	+0.0208%	1h	65.540	−0.076%	$77K	$407K	20x	as long as short
Aftermath Perps XAGUSD	+0.0222%	1h	65.516	−0.113%	$79K	$37K	10x	as long as short
Bullet SILVER-USD	+0.0223%	1h	65.558	−0.049%	$44K	$73K	10x	as long as short
Hibachi XAG/USDT-P	+0.0224%	1h	65.500	−0.138%	$21K	$12K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0284% / S −0.0256%	1h	65.555	−0.053%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0284%	4h	65.510	−0.122%	$2.7M	$783K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0540%	1h	65.513	−0.117%	$1.0M	$948K	25x	as long as short