Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0164%/8h= +17.9% APRpaid last 24h +0.031%

Price spread now: OKX against QFEX+0.046%7-day average +0.043% · 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−$29as in the Price arb table

costs, in and out, $10k−$290.294% of the position

Long on QFEX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.025%+$3 on $10k

Price spread, last 7 days−0.009%−$1 · spread now +0.046%, 7d avg +0.043%

Together, before fees+0.017%+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.043%, 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	65.690	0.0051	pay 0.0006% / 1h	9m 35s	$157K	$2.8M	20x
Short	OKX XAG-USDT-SWAP	65.720	0.0215	get 0.0215% / 8h	2h 09m	$28.0M	$70.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.046%Rate

Funding earned: $34.35
Price spread: +0.046% → +0.043%: $0.23
Slippage, 4 orders: −$9.41
Fee QFEX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: $5.18
Costs to cover: 0.294%
Break-even: 5.9 days

Slippage from QFEX: live order book, 3 min ago; OKX: live order book, 4 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, 3 min ago	2.29 bp	8.5 bp −$9	8.8 bp −$88	9.8 bp −$982	doesn't fit
Sell OKX live order book, 4 min ago	0.76 bp	5.8 bp −$6	5.8 bp −$58	10.4 bp −$1,042	59.7 bp −$29.9K

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	65.642	−0.073%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.690	0.000%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.710	+0.030%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.690	0.000%	$1.5M	$280K	100x	as long as short
Ondo Perps XAG-USD.P	+0.0001%	1h	65.610	−0.122%	$5.6M	$9.7M	25x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.616	−0.112%	$119K	—	250x	as long as short
RISEx XAG/USDC	+0.0030%	1h	65.723	+0.050%	$1.2M	$4.9M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	65.694	+0.007%	$4.7M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.643	−0.071%	$5.1M	$11.7M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.081%	$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
Phoenix SILVER	+0.0036%	1h	65.648	−0.064%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	65.620	−0.107%	$789K	$3.0M	40x	as long as short
Gate XAG_USDT	+0.0042%	4h	65.720	+0.046%	$145.1M	$180.0M	100x	as long as short
Vest SI-PERP	+0.0046%	1h	66.136	+0.679%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.693	+0.005%	$3.9M	$710K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.636	−0.082%	$3K	$6K	20x	as long as short
QFEX SILVER-USDlong	+0.0051%	1h	65.690	long leg	$157K	$2.8M	20x
Hotstuff SILVER-PERP	+0.0056%	1h	65.667	−0.035%	$35K	$21K	20x	as long as short
Paradex XAG-USD-PERP	+0.0064%	8h	65.692	+0.004%	$29K	$1K	5x	as long as short
Kalshi KXSILVERPERP	+0.0076%	24h	65.640	−0.076%	$450K	$28.9M	8.1x	as long as short
tradeXYZ xyz:SILVER	+0.0081%	1h	65.655	−0.053%	$171.1M	$82.1M	25x	as long as short
Aster XAGUSDT	+0.0086%	4h	65.710	+0.030%	$2.7M	$944K	100x	as long as short
Pacifica XAG	+0.0100%	1h	65.635	−0.084%	$469K	$629K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.660	−0.046%	$24.7M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.580	−0.167%	$112K	$23K	50x	as long as short
Bybit XAGUSDT	+0.0121%	4h	65.740	+0.076%	$28.9M	$38.9M	150x	as long as short
Variational Omni XAG	+0.0127%	4h	65.584	−0.162%	$5.5M	$9.5M	—	as long as short
Lighter XAG	+0.0128%	1h	65.687	−0.004%	$5.3M	$11.3M	25x	as long as short
MEXC SILVER_USDT	+0.0136%	4h	65.690	0.000%	$123.8M	$161.7M	1000x	as long as short
Hibachi XAG/USDT-P	+0.0136%	1h	65.476	−0.326%	$20K	$19K	10x	as long as short
Aevo XAG-PERP	+0.0136%	1h	65.678	−0.019%	$47K	—	10x	as long as short
Binance XAGUSDT	+0.0137%	4h	65.723	+0.051%	$189.5M	$744.9M	100x	as long as short
edgeX XAGUSDC	+0.0147%	4h	65.560	−0.197%	$667K	$312K	30x	as long as short
Nado XAG-PERP	+0.0154%	1h	65.655	−0.053%	$1.3M	$5.5M	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.530	−0.244%	$1.6M	$1.3M	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0207%	1h	65.680	−0.015%	$66K	$368K	20x	as long as short
Aftermath Perps XAGUSD	+0.0208%	1h	65.471	−0.334%	$79K	$37K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0208%	4h	65.644	−0.069%	$398K	$1.5M	25x	as long as short
OKX XAG-USDT-SWAPshort	+0.0215%	8h	65.720	+0.046%	$28.0M	$70.2M	50x
Bitget XAGUSDT	+0.0216%	4h	65.730	+0.061%	$23.9M	$46.3M	100x	as long as short
Bullet SILVER-USD	+0.0245%	1h	65.681	−0.014%	$43K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0366% / S −0.0361%	1h	65.675	−0.023%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0379%	4h	65.610	−0.122%	$2.6M	$622K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0469%	1h	65.657	−0.050%	$916K	$735K	25x	as long as short