XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0114%/8h= −12.4% APRnext payment −$0.14 per $10,000 · paid last 24h −0.026%

Price spread now: QFEX against Lighter−0.018%7-day average −0.013% · 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−$19as in the Price arb table

costs, in and out, $10k−$180.183% of the position

Long on Lighter Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.048%−$5 on $10k

Price spread, last 7 days−0.006%−$1 · spread now −0.018%, 7d avg −0.013%

Together, before fees−0.054%+ Points / potential airdropLighter: Season 3 · farm board−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.013%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XAG	66.472	0.0168	pay 0.0021% / 1h	35m 19s	$5.3M	$10.5M	25x
Short	QFEX SILVER-USD	66.460	0.0054	get 0.0007% / 1h	35m 19s	$115K	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Lighter. 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 LighterbpFee QFEXbpOrdersPrice spread, now −0.018%Rate

Funding earned: −$23.87
Price spread: −0.018% → −0.013%: −$0.53
Slippage, 4 orders: −$8.32
Fee Lighter: 0 bp × 2 orders: $0
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$42.73
Costs to cover: 0.183%
Break-even: never at this rate

Slippage from Lighter: live order book, 3 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 Lighter live order book, 3 min ago	0.35 bp	0.4 bp $0	1.0 bp −$10	5.2 bp −$518	15.9 bp −$7,953
Sell QFEX live order book, 2 min ago	3.02 bp	9.4 bp −$9	9.5 bp −$95	9.7 bp −$968	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
Hotstuff SILVER-PERP	−0.0008%	1h	66.447	−0.038%	$35K	$21K	20x	as long as short
dYdX XAG-USD	0.0000%	1h	66.356	−0.174%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.480	+0.012%	$153.5M	$162.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.430	−0.063%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.450	−0.033%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.440	−0.048%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.406	−0.100%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.455	−0.026%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.409	−0.096%	$5.4M	$12.3M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.109%	$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	−0.094%	$799K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.883	+0.618%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.346	−0.190%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.440	−0.048%	$3.9M	$669K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.348	−0.187%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.380	−0.139%	$5.7M	$9.6M	25x	as long as short
QFEX SILVER-USDshort	+0.0054%	1h	66.460	−0.018%	$115K	$2.7M	20x
Kalshi KXSILVERPERP	+0.0061%	24h	66.357	−0.173%	$563K	$23.2M	8.1x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.489	+0.025%	$1.3M	$4.3M	20x	as long as short
Bybit XAGUSDT	+0.0092%	4h	66.500	+0.042%	$26.4M	$35.9M	150x	as long as short
tradeXYZ xyz:SILVER	+0.0095%	1h	66.436	−0.054%	$165.9M	$76.0M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.432	−0.060%	$473K	$605K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.440	−0.048%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.310	−0.244%	$126K	$23K	50x	as long as short
BloFin XAG-USDT	+0.0103%	4h	66.570	+0.147%	$2.6M	$624K	100x	as long as short
Aster XAGUSDT	+0.0117%	4h	66.477	+0.008%	$2.8M	$962K	100x	as long as short
Paradex XAG-USD-PERP	+0.0124%	8h	66.460	−0.018%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0140%	4h	66.405	−0.102%	$5.5M	$9.8M	—	as long as short
Aevo XAG-PERP	+0.0144%	1h	66.461	−0.017%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0152%	4h	66.470	−0.003%	$102.4M	$158.1M	1000x	as long as short
Binance XAGUSDT	+0.0156%	4h	66.480	+0.012%	$192.9M	$707.8M	100x	as long as short
edgeX XAGUSDC	+0.0166%	4h	66.514	+0.062%	$675K	$314K	30x	as long as short
Lighter XAGlong	+0.0168%	1h	66.472	long leg	$5.3M	$10.5M	25x
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.520	+0.072%	$1.9M	$967K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0199%	8h	66.470	−0.003%	$28.0M	$65.9M	50x	as long as short
Aftermath Perps XAGUSD	+0.0219%	1h	66.432	−0.061%	$80K	$38K	10x	as long as short
Nado XAG-PERP	+0.0228%	1h	66.393	−0.119%	$1.3M	$6.5M	10x	as long as short
Bitget XAGUSDT	+0.0228%	4h	66.470	−0.003%	$24.0M	$46.1M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0242%	4h	66.526	+0.080%	$391K	$1.5M	25x	as long as short
Hibachi XAG/USDT-P	+0.0272%	1h	66.302	−0.256%	$20K	$22K	10x	as long as short
Bullet SILVER-USD	+0.0282%	1h	66.474	+0.003%	$45K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0292% / S −0.0281%	1h	66.485	+0.019%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0353%	1h	66.400	−0.109%	$50K	$325K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0462%	1h	66.375	−0.146%	$765K	$475K	25x	as long as short