XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0237%/8h= −26.0% APRnext payment −$0.30 per $10,000 · paid last 24h −0.056%

Price spread now: QFEX against GMX−0.038%7-day average −0.031% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GMX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.208%−$21 on $10k

Price spread, last 3 days (all we have)+0.007%+$1 · spread now −0.038%, 7d avg −0.031%

Together, before fees−0.201%−$20 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.031%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX SILVER/USD [ETH-USDC]	66.485	L +0.0292% / S −0.0281%	pay 0.0036% / 1h	34m 48s	$103K	—	111x
Short	QFEX SILVER-USD	66.460	0.0054	get 0.0007% / 1h	34m 48s	$115K	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against GMX. 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 GMXbpFee QFEXbpOrdersPrice spread, now −0.038%Rate

Funding earned: −$49.85
Price spread: −0.038% → −0.031%: −$0.67
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$72.52
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; QFEX: live order book, 3 min ago. Net counts fees only.

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 GMX no order-book sample	—	—	—	—	—
Sell QFEX live order book, 3 min ago	3.02 bp	9.4 bp −$9	9.5 bp −$95	9.7 bp −$968	doesn't fit

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Hotstuff SILVER-PERP	−0.0008%	1h	66.447	−0.057%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	66.356	−0.193%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.460	−0.038%	$153.5M	$162.6M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.500	+0.023%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.500	+0.023%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.470	−0.023%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.406	−0.119%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.442	−0.065%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.388	−0.146%	$5.4M	$12.2M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.128%	$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	66.410	−0.113%	$799K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.883	+0.599%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.346	−0.209%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.440	−0.068%	$3.9M	$669K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.393	−0.138%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.380	−0.158%	$5.7M	$9.6M	25x	as long as short
QFEX SILVER-USDshort	+0.0054%	1h	66.460	−0.038%	$115K	$2.7M	20x
Kalshi KXSILVERPERP	+0.0061%	24h	66.421	−0.096%	$631K	$23.3M	8.1x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.489	+0.006%	$1.3M	$4.3M	20x	as long as short
Bybit XAGUSDT	+0.0092%	4h	66.490	+0.008%	$26.4M	$35.9M	150x	as long as short
tradeXYZ xyz:SILVER	+0.0095%	1h	66.425	−0.090%	$165.8M	$76.0M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.432	−0.080%	$473K	$605K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.420	−0.098%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.310	−0.263%	$126K	$23K	50x	as long as short
BloFin XAG-USDT	+0.0103%	4h	66.570	+0.128%	$2.6M	$624K	100x	as long as short
Aster XAGUSDT	+0.0117%	4h	66.461	−0.036%	$2.8M	$962K	100x	as long as short
Paradex XAG-USD-PERP	+0.0124%	8h	66.460	−0.037%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0140%	4h	66.405	−0.121%	$5.5M	$9.8M	—	as long as short
Aevo XAG-PERP	+0.0144%	1h	66.461	−0.036%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0152%	4h	66.460	−0.038%	$102.4M	$158.1M	1000x	as long as short
Binance XAGUSDT	+0.0156%	4h	66.464	−0.032%	$192.8M	$708.0M	100x	as long as short
edgeX XAGUSDC	+0.0166%	4h	66.514	+0.043%	$675K	$314K	30x	as long as short
Lighter XAG	+0.0176%	1h	66.455	−0.045%	$5.3M	$10.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.520	+0.053%	$1.9M	$967K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0199%	8h	66.460	−0.038%	$28.0M	$65.9M	50x	as long as short
Aftermath Perps XAGUSD	+0.0219%	1h	66.432	−0.080%	$80K	$38K	10x	as long as short
Nado XAG-PERP	+0.0228%	1h	66.393	−0.138%	$1.3M	$6.5M	10x	as long as short
Bitget XAGUSDT	+0.0228%	4h	66.460	−0.038%	$24.0M	$46.1M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0242%	4h	66.526	+0.061%	$391K	$1.5M	25x	as long as short
Hibachi XAG/USDT-P	+0.0272%	1h	66.302	−0.276%	$20K	$22K	10x	as long as short
Bullet SILVER-USD	+0.0282%	1h	66.474	−0.016%	$45K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]long	L +0.0292% / S −0.0281%	1h	66.485	long leg	$103K	—	111x
Deribit SILVER_USDC-PERPETUAL	+0.0352%	1h	66.440	−0.068%	$50K	$325K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0462%	1h	66.445	−0.060%	$766K	$482K	25x	as long as short