XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0130%/8h= +14.2% APRnext payment +$0.16 per $10,000 · paid last 24h +0.043%

Price spread now: Coinbase International against QFEX−0.045%7-day average −0.013% · 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−$32as in the Price arb table

costs, in and out, $10k−$290.292% of the position

Long on QFEX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.104%+$10 on $10k

Price spread, last 3 days (all we have)+0.057%+$6 · spread now −0.045%, 7d avg −0.013%

Together, before fees+0.161%+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.032% cheaper against QFEX than usual: you would sell low and buy high (spread −0.045% now, against its 7-day average of −0.013%). If the spread goes back, that is −$3 on $10k: about 20 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX SILVER-USD	66.410	0.0054	pay 0.0007% / 1h	57m 21s	$115K	$2.8M	20x
Short	Coinbase International SILVER-PERP-INTX	66.380	0.0184	get 0.0023% / 1h	57m 21s	$1.9M	$962K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.045%Rate

Funding earned: $27.23
Price spread: −0.045% → −0.013%: −$3.17
Slippage, 4 orders: −$9.19
Fee QFEX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$5.13
Costs to cover: 0.292%
Break-even: 8.3 days

Slippage from QFEX: live order book, 10 min ago; Coinbase International: live order book, 1 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, 10 min ago	2.25 bp	7.3 bp −$7	7.3 bp −$73	8.3 bp −$831	doesn't fit
Sell Coinbase International live order book, 1 min ago	0.75 bp	7.1 bp −$7	8.7 bp −$87	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	66.325	−0.128%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.440	+0.045%	$25.9M	$35.7M	150x	as long as short
Hotstuff SILVER-PERP	0.0000%	1h	66.369	−0.062%	$35K	$21K	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.410	0.000%	$154.1M	$159.7M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.420	+0.015%	$2K	$2.9M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.430	+0.030%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.470	+0.090%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.348	−0.093%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.377	−0.049%	$4.8M	$9.3M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.350	−0.091%	$5.4M	$12.5M	10x	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	+0.0033%	1h	66.320	−0.136%	$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	+0.060%	$799K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.852	+0.666%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.369	−0.062%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.390	−0.030%	$3.9M	$669K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.342	−0.102%	$3K	$6K	20x	as long as short
QFEX SILVER-USDlong	+0.0054%	1h	66.410	long leg	$115K	$2.8M	20x
Kalshi KXSILVERPERP	+0.0059%	24h	66.411	+0.002%	$548K	$23.0M	8.1x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.424	+0.021%	$1.2M	$4.3M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0092%	1h	66.384	−0.039%	$165.7M	$85.2M	25x	as long as short
Aster XAGUSDT	+0.0096%	4h	66.418	+0.012%	$2.8M	$1.0M	100x	as long as short
Pacifica XAG	+0.0100%	1h	66.371	−0.059%	$473K	$611K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.380	−0.045%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.390	−0.030%	$126K	$23K	50x	as long as short
Variational Omni XAG	+0.0108%	4h	66.543	+0.201%	$5.6M	$9.8M	—	as long as short
Paradex XAG-USD-PERP	+0.0112%	8h	66.414	+0.006%	$30K	$1K	5x	as long as short
edgeX XAGUSDC	+0.0123%	4h	66.509	+0.149%	$675K	$316K	30x	as long as short
MEXC SILVER_USDT	+0.0124%	4h	66.410	0.000%	$108.1M	$156.0M	1000x	as long as short
Binance XAGUSDT	+0.0126%	4h	66.415	+0.008%	$193.2M	$714.6M	100x	as long as short
Aevo XAG-PERP	+0.0128%	1h	66.406	−0.006%	$48K	—	10x	as long as short
Lighter XAG	+0.0160%	1h	66.386	−0.036%	$5.3M	$10.4M	25x	as long as short
BloFin XAG-USDT	+0.0169%	4h	66.450	+0.060%	$2.6M	$686K	100x	as long as short
Coinbase International SILVER-PERP-INTXshort	+0.0184%	1h	66.380	−0.045%	$1.9M	$962K	20x
GRVT XAG_USDT_Perp	+0.0190%	4h	66.454	+0.066%	$402K	$1.5M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0194%	8h	66.410	0.000%	$28.0M	$66.6M	50x	as long as short
Bitget XAGUSDT	+0.0198%	4h	66.420	+0.015%	$24.5M	$46.4M	100x	as long as short
Aftermath Perps XAGUSD	+0.0207%	1h	66.441	+0.046%	$80K	$39K	10x	as long as short
Nado XAG-PERP	+0.0247%	1h	66.373	−0.056%	$1.3M	$6.5M	10x	as long as short
Bullet SILVER-USD	+0.0255%	1h	66.431	+0.032%	$45K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.425	+0.023%	$103K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0296%	1h	66.371	−0.059%	$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	−0.050%	$765K	$552K	25x	as long as short