Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0072%/8h= +7.9% APRpaid last 24h +0.009%

Price spread now: Aster against QFEX+0.002%7-day average +0.046% · 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−$30as in the Price arb table

costs, in and out, $10k−$260.255% of the position

Long on QFEX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.005%$0 on $10k

Price spread, last 7 days+0.008%+$1 · spread now +0.002%, 7d avg +0.046%

Together, before fees+0.013%+ Points / potential airdropAster: Stage 5 · farm board+$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.044% cheaper against QFEX than usual: you would sell low and buy high (spread +0.002% now, against its 7-day average of +0.046%). If the spread goes back, that is −$4 on $10k: about 2.0 days of funding at the current rate (+$2 a day). At the pace of the last 4 days (+0.005% in total) that is about 31 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX SILVER-USD	66.330	0.0062	pay 0.0008% / 1h	27m 05s	$115K	$2.7M	20x
Short	Aster XAGUSDT	66.332	0.0135	get 0.0067% / 4h	1h 27m	$2.7M	$875K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now +0.002%Rate

Funding earned: $15.16
Price spread: +0.002% → +0.046%: −$4.38
Slippage, 4 orders: −$7.54
Fee QFEX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$14.76
Costs to cover: 0.255%
Break-even: 13.8 days

Slippage from QFEX: live order book, 6 min ago; Aster: live order book, 1 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	2.26 bp	7.3 bp −$7	7.3 bp −$73	8.6 bp −$861	doesn't fit
Sell Aster live order book, 1 min ago	1.51 bp	5.5 bp −$6	6.8 bp −$68	11.4 bp −$1,141	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	66.272	−0.087%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.350	+0.030%	$150.3M	$164.1M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.340	+0.015%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.380	+0.075%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.340	+0.015%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.272	−0.088%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.314	−0.023%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.266	−0.096%	$5.2M	$12.2M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.106%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.250	−0.121%	$797K	$2.9M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SI-PERP	+0.0046%	1h	66.761	+0.650%	—	—	25x	as long as short
Hotstuff SILVER-PERP	+0.0048%	1h	66.312	−0.027%	$35K	$21K	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.296	−0.051%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.263	−0.101%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.230	−0.151%	$5.7M	$9.8M	25x	as long as short
QFEX SILVER-USDlong	+0.0062%	1h	66.330	long leg	$115K	$2.7M	20x
Kalshi KXSILVERPERP	+0.0064%	24h	66.294	−0.054%	$533K	$24.6M	8.1x	as long as short
Phoenix SILVER	+0.0084%	1h	66.278	−0.078%	$56K	$26K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0097%	1h	66.307	−0.035%	$166.0M	$74.3M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.285	−0.068%	$472K	$610K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.290	−0.060%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.260	−0.106%	$113K	$30K	50x	as long as short
Aster XAGUSDTshort	+0.0135%	4h	66.332	+0.002%	$2.7M	$875K	100x
Paradex XAG-USD-PERP	+0.0135%	8h	66.323	−0.011%	$30K	$1K	5x	as long as short
Bybit XAGUSDT	+0.0158%	4h	66.360	+0.045%	$26.9M	$36.1M	150x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.331	+0.002%	$48K	—	10x	as long as short
Variational Omni XAG	+0.0179%	4h	66.321	−0.013%	$5.6M	$9.8M	—	as long as short
RISEx XAG/USDC	+0.0181%	1h	66.332	+0.003%	$1.3M	$4.5M	20x	as long as short
Lighter XAG	+0.0192%	1h	66.324	−0.009%	$5.3M	$10.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.270	−0.090%	$1.9M	$980K	20x	as long as short
MEXC SILVER_USDT	+0.0194%	4h	66.330	0.000%	$103.3M	$153.4M	1000x	as long as short
BloFin XAG-USDT	+0.0195%	4h	66.320	−0.015%	$2.6M	$553K	100x	as long as short
Binance XAGUSDT	+0.0196%	4h	66.340	+0.015%	$192.3M	$705.5M	100x	as long as short
edgeX XAGUSDC	+0.0206%	4h	66.322	−0.013%	$673K	$313K	30x	as long as short
Nado XAG-PERP	+0.0210%	1h	66.295	−0.053%	$1.3M	$6.6M	10x	as long as short
OKX XAG-USDT-SWAP	+0.0217%	8h	66.340	+0.015%	$27.8M	$65.9M	50x	as long as short
Aftermath Perps XAGUSD	+0.0235%	1h	66.276	−0.082%	$80K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0246%	4h	66.340	+0.015%	$23.8M	$45.8M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0266%	4h	66.301	−0.044%	$402K	$1.5M	25x	as long as short
Hibachi XAG/USDT-P	+0.0272%	1h	66.270	−0.090%	$20K	$22K	10x	as long as short
Bullet SILVER-USD	+0.0280%	1h	66.345	+0.023%	$45K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0350% / S −0.0371%	1h	66.345	+0.023%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0353%	1h	66.320	−0.015%	$50K	$322K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0549%	1h	66.304	−0.039%	$915K	$671K	25x	as long as short