XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0147%/8h= +16.1% APRnext payment +$0.18 per $10,000 · paid last 24h +0.066%

Price spread now: Deribit against QFEX0.000%7-day average +0.005% · 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−$260.261% of the position

Long on QFEX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.124%+$12 on $10k

Price spread, last 4 days (all we have)+0.068%+$7 · spread now 0.000%, 7d avg +0.005%

Together, before fees+0.192%+$19 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.005%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX SILVER-USD	65.380	0.0062	pay 0.0008% / 1h	14m 06s	$444K	$1.4M	20x
Short	Deribit SILVER_USDC-PERPETUAL	65.380	0.0209	get 0.0026% / 1h	14m 06s	$77K	$411K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now 0.000%Rate

Funding earned: $30.9
Price spread: 0.000% → +0.005%: −$0.47
Slippage, 4 orders: −$9.12
Fee QFEX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $4.31
Costs to cover: 0.261%
Break-even: 6.0 days

Slippage from QFEX: live order book, 6 min ago; Deribit: live order book, 37 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, 6 min ago	2.30 bp	7.3 bp −$7	7.3 bp −$73	9.0 bp −$901	12.7 bp −$6,339
Sell Deribit live order book, 37 min ago	0.76 bp	4.3 bp −$4	5.6 bp −$56	doesn't fit	doesn't fit

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
Injective XAG/USDC PERP	−0.0220%	1h	64.602	−1.190%	$11K	$240	52x	as long as short
Ondo Perps XAG-USD.P	−0.0006%	1h	65.280	−0.153%	$5.7M	$10.5M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.326	−0.083%	$12K	$6K	5x	as long as short
Gate XAG_USDT	0.0000%	4h	65.420	+0.061%	$139.2M	$200.2M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.400	+0.031%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.440	+0.092%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.420	+0.061%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.339	−0.063%	$118K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.404	+0.037%	$4.5M	$9.7M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.335	−0.069%	$5.1M	$11.6M	10x	as long as short

Show all 44 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff SILVER-PERP	+0.0040%	1h	65.364	−0.024%	$36K	$23K	20x	as long as short
StandX XAG-USD	+0.0040%	1h	65.340	−0.061%	$786K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.815	+0.665%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.368	−0.018%	$3.8M	$892K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.341	−0.060%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0058%	8h	65.391	+0.017%	$29K	$166	5x	as long as short
QFEX SILVER-USDlong	+0.0062%	1h	65.380	long leg	$444K	$1.4M	20x
Coinbase International SILVER-PERP-INTX	+0.0088%	1h	65.330	−0.076%	$1.6M	$1.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0096%	24h	65.395	+0.023%	$622K	$37.5M	8.1x	as long as short
Variational Omni XAG	+0.0100%	4h	65.381	+0.001%	$5.7M	$9.2M	—	as long as short
Pacifica XAG	+0.0100%	1h	65.340	−0.062%	$465K	$574K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.380	0.000%	$25.2M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.270	−0.168%	$111K	$19K	50x	as long as short
Phoenix SILVER	+0.0110%	1h	65.288	−0.141%	$55K	$13K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0122%	1h	65.373	−0.011%	$174.2M	$93.0M	25x	as long as short
Aevo XAG-PERP	+0.0128%	1h	65.394	+0.022%	$47K	—	10x	as long as short
MEXC SILVER_USDT	+0.0130%	4h	65.400	+0.031%	$119.9M	$166.8M	1000x	as long as short
Binance XAGUSDT	+0.0131%	4h	65.407	+0.042%	$193.1M	$835.7M	100x	as long as short
edgeX XAGUSDC	+0.0135%	4h	65.324	−0.086%	$666K	$315K	30x	as long as short
Aster XAGUSDT	+0.0138%	4h	65.409	+0.045%	$2.7M	$1.1M	100x	as long as short
Nado XAG-PERP	+0.0180%	1h	65.358	−0.034%	$1.2M	$3.8M	10x	as long as short
GRVT XAG_USDT_Perp	+0.0188%	4h	65.336	−0.068%	$394K	$1.6M	25x	as long as short
Lighter XAG	+0.0192%	1h	65.403	+0.036%	$5.1M	$11.7M	25x	as long as short
RISEx XAG/USDC	+0.0206%	1h	65.410	+0.046%	$1.2M	$4.9M	20x	as long as short
Deribit SILVER_USDC-PERPETUALshort	+0.0209%	1h	65.380	0.000%	$77K	$411K	20x
Bybit XAGUSDT	+0.0210%	4h	65.420	+0.061%	$30.5M	$46.8M	150x	as long as short
OKX XAG-USDT-SWAP	+0.0214%	8h	65.410	+0.046%	$27.9M	$82.4M	50x	as long as short
Aftermath Perps XAGUSD	+0.0217%	1h	65.319	−0.093%	$78K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0248%	4h	65.410	+0.046%	$23.1M	$50.4M	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0263% / S −0.0229%	1h	65.405	+0.038%	$93K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0264%	1h	65.333	−0.073%	$21K	$12K	10x	as long as short
Bullet SILVER-USD	+0.0276%	1h	65.411	+0.048%	$44K	$74K	10x	as long as short
BloFin XAG-USDT	+0.0371%	4h	65.350	−0.046%	$2.7M	$753K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0775%	1h	65.371	−0.014%	$1.0M	$937K	25x	as long as short