XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0177%/8h= +19.4% APRnext payment +$0.22 per $10,000 · paid last 24h +0.028%

Price spread now: Lighter against QFEX−0.002%7-day average +0.012% · 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−$18as in the Price arb table

costs, in and out, $10k−$170.168% of the position

Long on QFEX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.058%+$6 on $10k

Price spread, last 7 days+0.008%+$1 · spread now −0.002%, 7d avg +0.012%

Together, before fees+0.066%+ Points / potential airdropLighter: Season 3 · farm board+$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.012%, so right now this pair is about funding alone: +$5 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	64.920	0.0047	pay 0.0006% / 1h	35m 15s	$445K	$1.5M	20x
Short	Lighter XAG	64.919	0.0224	get 0.0028% / 1h	35m 15s	$5.3M	$11.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.002%Rate

Funding earned: $37.26
Price spread: −0.002% → +0.012%: −$1.41
Slippage, 4 orders: −$6.84
Fee QFEX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $19.01
Costs to cover: 0.168%
Break-even: 3.4 days

Slippage from QFEX: live order book, 1 min ago; Lighter: 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, 1 min ago	1.54 bp	7.9 bp −$8	8.1 bp −$81	8.9 bp −$888	13.5 bp −$6,774
Sell Lighter live order book, 3 min ago	0.01 bp	0.0 bp $0	0.3 bp −$3	6.7 bp −$668	19.2 bp −$9,599

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	64.862	−0.089%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	64.940	+0.031%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	64.950	+0.046%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	64.940	+0.031%	$1.4M	$310K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	64.866	−0.084%	$117K	—	250x	as long as short
Variational Omni XAG	+0.0015%	4h	64.904	−0.024%	$5.3M	$9.1M	—	as long as short
Gate XAG_USDT	+0.0024%	4h	64.940	+0.031%	$139.8M	$181.8M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	64.924	+0.007%	$4.6M	$9.8M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	64.855	−0.100%	$5.0M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+2.280%	$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
StandX XAG-USD	+0.0040%	1h	64.890	−0.046%	$780K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.324	+0.622%	—	—	25x	as long as short
QFEX SILVER-USDlong	+0.0047%	1h	64.920	long leg	$445K	$1.5M	20x
MEXC SILVER_USDT	+0.0048%	4h	64.920	0.000%	$121.1M	$158.0M	1000x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	64.860	−0.092%	$3.8M	$890K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	64.850	−0.108%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	64.860	−0.092%	$5.6M	$9.9M	25x	as long as short
Binance XAGUSDT	+0.0051%	4h	64.930	+0.015%	$195.9M	$771.9M	100x	as long as short
Paradex XAG-USD-PERP	+0.0060%	8h	64.890	−0.046%	$29K	$166	5x	as long as short
edgeX XAGUSDC	+0.0061%	4h	64.937	+0.027%	$661K	$313K	30x	as long as short
Aevo XAG-PERP	+0.0064%	1h	64.904	−0.025%	$47K	—	10x	as long as short
Aster XAGUSDT	+0.0067%	4h	64.921	+0.001%	$2.6M	$995K	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0080%	1h	64.880	−0.062%	$1.6M	$1.4M	20x	as long as short
Kalshi KXSILVERPERP	+0.0084%	24h	64.923	+0.005%	$485K	$33.8M	8.1x	as long as short
Hotstuff SILVER-PERP	+0.0088%	1h	64.925	+0.008%	$35K	$21K	20x	as long as short
Pacifica XAG	+0.0100%	1h	64.852	−0.105%	$463K	$592K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	64.880	−0.062%	$25.1M	$4.5M	75x	as long as short
GRVT XAG_USDT_Perp	+0.0100%	4h	64.907	−0.020%	$390K	$1.6M	25x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	64.870	−0.077%	$111K	$19K	50x	as long as short
Phoenix SILVER	+0.0111%	1h	64.892	−0.043%	$55K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0135%	1h	64.883	−0.057%	$173.9M	$86.8M	25x	as long as short
Nado XAG-PERP	+0.0156%	1h	64.925	+0.007%	$1.2M	$4.3M	10x	as long as short
RISEx XAG/USDC	+0.0158%	1h	64.919	−0.001%	$1.2M	$4.9M	20x	as long as short
Bitget XAGUSDT	+0.0188%	4h	64.930	+0.015%	$23.3M	$45.7M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0193%	8h	64.950	+0.046%	$28.6M	$72.6M	50x	as long as short
Bybit XAGUSDT	+0.0200%	4h	64.950	+0.046%	$29.1M	$42.2M	150x	as long as short
BloFin XAG-USDT	+0.0205%	4h	64.960	+0.062%	$2.7M	$646K	100x	as long as short
Aftermath Perps XAGUSD	+0.0217%	1h	64.927	+0.010%	$78K	$37K	10x	as long as short
Lighter XAGshort	+0.0224%	1h	64.919	−0.002%	$5.3M	$11.0M	25x
GMX SILVER/USD [ETH-USDC]	L +0.0237% / S −0.0196%	1h	64.935	+0.023%	$92K	—	111x	as long as short
Bullet SILVER-USD	+0.0300%	1h	64.921	+0.002%	$45K	$75K	10x	as long as short
Hibachi XAG/USDT-P	+0.0336%	1h	64.882	−0.059%	$20K	$15K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0367%	1h	64.910	−0.015%	$76K	$427K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0420%	1h	64.911	−0.013%	$1.0M	$872K	25x	as long as short