Funding you earn now, next payment 04:00 UTC+0.0051%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h +0.013%
Price spread now: QFEX against gTrade (Gains Network)+0.134%49s7-day average +0.075% · 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—prices read too far apart to compare
costs, in and out, $10k−$2852.846% of the position
Funding, last 3 days (all we have)+0.015%+$2 on $10k
+Price spread, last 4 days (all we have)−0.145%−$14 · spread now +0.134%, 7d avg +0.075%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and QFEX is 0.059% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.075%. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) XAG/USD | 66.001 | L +0.0004% / S −0.0006% | pay 0.0000% / 1h | 10m 36s | $120K | — | 250x |
| Short | QFEX SILVER-USD | 66.090 | 0.0054 | get 0.0007% / 1h | 10m 36s | $115K | $2.7M | 20x |
gTrade (Gains Network) XAG/USD
QFEX SILVER-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against gTrade (Gains Network). Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $10.61
- Price spread: +0.134% → +0.075%
- $5.94
- Slippage, 4 orders
- −$264.56
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$268.01
- Costs to cover
- 2.846%
- Break-even
- 183.8 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 13 min ago; QFEX: 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 gTrade (Gains Network) virtual book (oracle venue), 13 min ago | 130.01 bp | 135.0 bp −$135 | 135.0 bp −$1,350 | 579.9 bp −$58.0K | 2587.5 bp −$1.29M |
| Sell QFEX live order book, 2 min ago | 2.27 bp | 7.3 bp −$7 | 7.3 bp −$73 | 9.3 bp −$926 | 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 | +0.025% | $15K | — | 5x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 66.090 | +0.134% | $150.1M | $163.8M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.090 | +0.134% | $2K | $2.7M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.120 | +0.180% | $1.0M | $968K | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.120 | +0.180% | $1.5M | $317K | 100x | as long as short |
| gTrade (Gains Network) XAG/USDlong | L +0.0004% / S −0.0006% | 1h | 66.001 | long leg | $120K | — | 250x | |
| Lighter RH XAG | +0.0032% | 1h | 66.065 | +0.097% | $4.8M | $9.6M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.008 | +0.011% | $5.2M | $11.5M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.604% | $11K | $94K | 52x | as long as short |
| StandX XAG-USD | +0.0040% | 1h | 66.070 | +0.104% | $795K | $3.1M | 40x | as long as short |
dYdX XAG-USD
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
Lighter RH XAG
Extended XAG-USD
Injective XAG/USDC PERP
StandX XAG-USDShow 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 | −0.063% | $5.7M | $9.6M | 25x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.491 | +0.742% | — | — | 25x | as long as short |
| Hotstuff SILVER-PERP | +0.0048% | 1h | 66.027 | +0.039% | $35K | $21K | 20x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.035 | +0.051% | $3.9M | $672K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.004 | +0.004% | $3K | $6K | 20x | as long as short |
| QFEX SILVER-USDshort | +0.0054% | 1h | 66.090 | +0.134% | $115K | $2.7M | 20x | |
| Phoenix SILVER | +0.0060% | 1h | 66.025 | +0.036% | $56K | $26K | 25x | as long as short |
| Kalshi KXSILVERPERP | +0.0071% | 24h | 66.031 | +0.045% | $547K | $25.4M | 8.1x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.029 | +0.042% | $470K | $615K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.040 | +0.059% | $24.5M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.060 | +0.089% | $113K | $30K | 50x | as long as short |
| tradeXYZ xyz:SILVER | +0.0126% | 1h | 66.045 | +0.066% | $165.9M | $74.4M | 25x | as long as short |
| RISEx XAG/USDC | +0.0137% | 1h | 66.077 | +0.114% | $1.3M | $4.6M | 20x | as long as short |
| Paradex XAG-USD-PERP | +0.0141% | 8h | 66.078 | +0.116% | $30K | $1K | 5x | as long as short |
| Aster XAGUSDT | +0.0144% | 4h | 66.080 | +0.119% | $2.7M | $868K | 100x | as long as short |
| Bybit XAGUSDT | +0.0168% | 4h | 66.110 | +0.165% | $27.1M | $36.1M | 150x | as long as short |
| Lighter XAG | +0.0184% | 1h | 66.069 | +0.103% | $5.2M | $10.7M | 25x | as long as short |
| Aevo XAG-PERP | +0.0192% | 1h | 66.072 | +0.107% | $47K | — | 10x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0200% | 1h | 66.020 | +0.028% | $1.8M | $1.0M | 20x | as long as short |
| Variational Omni XAG | +0.0204% | 4h | 66.063 | +0.093% | $5.6M | $9.5M | — | as long as short |
| MEXC SILVER_USDT | +0.0210% | 4h | 66.090 | +0.134% | $110.6M | $153.0M | 1000x | as long as short |
| BloFin XAG-USDT | +0.0212% | 4h | 66.120 | +0.180% | $2.6M | $554K | 100x | as long as short |
| Binance XAGUSDT | +0.0212% | 4h | 66.100 | +0.150% | $192.7M | $700.1M | 100x | as long as short |
| Nado XAG-PERP | +0.0213% | 1h | 66.029 | +0.041% | $1.4M | $6.4M | 10x | as long as short |
| edgeX XAGUSDC | +0.0222% | 4h | 66.092 | +0.138% | $671K | $313K | 30x | as long as short |
| Aftermath Perps XAGUSD | +0.0222% | 1h | 66.046 | +0.067% | $80K | $36K | 10x | as long as short |
| OKX XAG-USDT-SWAP | +0.0234% | 8h | 66.090 | +0.134% | $27.7M | $65.0M | 50x | as long as short |
| Bitget XAGUSDT | +0.0256% | 4h | 66.080 | +0.119% | $23.8M | $45.4M | 100x | as long as short |
| GRVT XAG_USDT_Perp | +0.0274% | 4h | 66.094 | +0.140% | $389K | $1.5M | 25x | as long as short |
| Bullet SILVER-USD | +0.0288% | 1h | 66.077 | +0.115% | $44K | $76K | 10x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0356% | 1h | 66.050 | +0.074% | $69K | $355K | 20x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0383% / S −0.0424% | 1h | 66.075 | +0.112% | $103K | — | 111x | as long as short |
| Hibachi XAG/USDT-P | +0.0384% | 1h | 66.050 | +0.074% | $20K | $19K | 10x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0485% | 1h | 66.044 | +0.064% | $912K | $683K | 25x | as long as short |
Ondo Perps XAG-USD.P
Vest SI-PERP
Hotstuff SILVER-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Phoenix SILVER
Kalshi KXSILVERPERP
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
tradeXYZ xyz:SILVER
RISEx XAG/USDC
Paradex XAG-USD-PERP
Aster XAGUSDT
Bybit XAGUSDT
Lighter XAG
Aevo XAG-PERP
Coinbase International SILVER-PERP-INTX
Variational Omni XAG
MEXC SILVER_USDT
BloFin XAG-USDT
Binance XAGUSDT
Nado XAG-PERP
edgeX XAGUSDC
Aftermath Perps XAGUSD
OKX XAG-USDT-SWAP
Bitget XAGUSDT
GRVT XAG_USDT_Perp
Bullet SILVER-USD
Deribit SILVER_USDC-PERPETUAL
GMX SILVER/USD [ETH-USDC]
Hibachi XAG/USDT-P
Kraken Futures PF_XAGUSD