XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0161%/8h= +17.6% APRnext payment +$0.20 per $10,000 · paid last 24h +0.040%

Price spread now: Nado against QFEX−0.079%7-day average +0.014% · 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−$230.231% of the position

Long on QFEX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.062%+$6 on $10k

Price spread, last 7 days+0.086%+$9 · spread now −0.079%, 7d avg +0.014%

Together, before fees+0.148%+ Points / potential airdropNado: Active · farm board+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.093% cheaper against QFEX than usual: you would sell low and buy high (spread −0.079% now, against its 7-day average of +0.014%). If the spread goes back, that is −$9 on $10k: about 46 hours of funding at the current rate (+$5 a day). At the pace of the last 3 days (+0.062% in total) that is about 5.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX SILVER-USD	66.090	0.0054	pay 0.0007% / 1h	7m 15s	$115K	$2.7M	20x
Short	Nado XAG-PERP	66.038	0.0215	get 0.0027% / 1h	7m 15s	$1.4M	$6.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.079%Rate

Funding earned: $33.78
Price spread: −0.079% → +0.014%: −$9.3
Slippage, 4 orders: −$6.1
Fee QFEX: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $1.38
Costs to cover: 0.231%
Break-even: 6.7 days

Slippage from QFEX: live order book, 6 min ago; Nado: live order book, 2 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	2.27 bp	7.3 bp −$7	7.3 bp −$73	8.5 bp −$851	doesn't fit
Sell Nado live order book, 2 min ago	0.30 bp	4.3 bp −$4	9.2 bp −$92	35.7 bp −$3,565	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	66.018	−0.109%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.100	+0.015%	$150.1M	$163.9M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.070	−0.030%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.130	+0.061%	$1.0M	$968K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.130	+0.061%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.022	−0.102%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.066	−0.036%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.015	−0.113%	$5.2M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.469%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.110	+0.030%	$795K	$3.1M	40x	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	+0.0044%	1h	65.960	−0.197%	$5.7M	$9.6M	25x	as long as short
Vest SI-PERP	+0.0046%	1h	66.517	+0.646%	—	—	25x	as long as short
Hotstuff SILVER-PERP	+0.0048%	1h	66.057	−0.050%	$35K	$21K	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.057	−0.050%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.011	−0.120%	$3K	$6K	20x	as long as short
QFEX SILVER-USDlong	+0.0054%	1h	66.090	long leg	$115K	$2.7M	20x
Phoenix SILVER	+0.0060%	1h	66.053	−0.056%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0071%	24h	66.038	−0.079%	$547K	$25.4M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	66.033	−0.086%	$470K	$615K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.050	−0.061%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.030	−0.091%	$113K	$30K	50x	as long as short
tradeXYZ xyz:SILVER	+0.0127%	1h	66.054	−0.054%	$166.0M	$73.5M	25x	as long as short
RISEx XAG/USDC	+0.0137%	1h	66.077	−0.020%	$1.3M	$4.6M	20x	as long as short
Paradex XAG-USD-PERP	+0.0144%	8h	66.084	−0.009%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0149%	4h	66.080	−0.015%	$2.7M	$868K	100x	as long as short
Bybit XAGUSDT	+0.0172%	4h	66.100	+0.015%	$27.1M	$36.1M	150x	as long as short
Lighter XAG	+0.0184%	1h	66.072	−0.027%	$5.3M	$10.8M	25x	as long as short
Aevo XAG-PERP	+0.0200%	1h	66.082	−0.012%	$47K	—	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.020	−0.106%	$1.8M	$1.0M	20x	as long as short
Variational Omni XAG	+0.0204%	4h	66.063	−0.041%	$5.6M	$9.5M	—	as long as short
MEXC SILVER_USDT	+0.0214%	4h	66.080	−0.015%	$110.6M	$153.0M	1000x	as long as short
Nado XAG-PERPshort	+0.0215%	1h	66.038	−0.079%	$1.4M	$6.4M	10x
Binance XAGUSDT	+0.0217%	4h	66.080	−0.015%	$192.7M	$700.1M	100x	as long as short
Aftermath Perps XAGUSD	+0.0222%	1h	66.069	−0.032%	$80K	$36K	10x	as long as short
edgeX XAGUSDC	+0.0227%	4h	66.058	−0.049%	$670K	$311K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0235%	8h	66.090	0.000%	$27.7M	$65.0M	50x	as long as short
Bitget XAGUSDT	+0.0258%	4h	66.080	−0.015%	$23.8M	$45.4M	100x	as long as short
BloFin XAG-USDT	+0.0265%	4h	66.120	+0.045%	$2.6M	$554K	100x	as long as short
GRVT XAG_USDT_Perp	+0.0276%	4h	66.090	0.000%	$389K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0291%	1h	66.096	+0.009%	$44K	$76K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0356%	1h	66.060	−0.045%	$75K	$362K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0383% / S −0.0424%	1h	66.095	+0.008%	$103K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0384%	1h	66.054	−0.055%	$20K	$19K	10x	as long as short
Kraken Futures PF_XAGUSD	+0.0485%	1h	66.058	−0.048%	$912K	$683K	25x	as long as short