Settings8H · net · $10k
Funding arb · Price arb /

XAG

RWAall XAG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0060%/8h= −6.6% APRnext payment $0.07 per $10,000 · paid last 24h −0.014%
Price spread now: dYdX against QFEX−0.025%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and dYdX is 0.025% cheaper against QFEX than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX SILVER-USD65.9500.0060pay 0.0007% / 1h40m 59s$114K$2.7M20x
ShortdYdX XAG-USD65.9340get 0.0000% / 1h40m 59s$14K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX 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

Funding earned
−$12.58
Price spread: −0.025% → 0.000%
−$2.47
Slippage, 4 orders
no order book: not counted
Fee QFEX: 5 bp × 2 orders
−$10
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$35.05
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: QFEX: live order book, 12 min ago; dYdX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy QFEX live order book, 12 min ago1.52 bp7.9 bp −$88.0 bp −$8010.3 bp −$1,031doesn't fit
Sell dYdX no order-book sample
dYdX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps XAG-USD.P−0.0046%1h65.830−0.182%$5.7M$9.3M25xas long as short
dYdX XAG-USDshort0.0000%1h65.934−0.025%$14K5x
Gate XAG_USDT0.0000%4h65.980+0.045%$149.5M$163.5M100xas long as short
SunX XAG-USDT0.0000%4h65.970+0.030%$2K$2.6M20xas long as short
HTX XAG-USDT0.0000%4h66.020+0.106%$1.0M$966K75xas long as short
Phemex XAGUSDT0.0000%4h65.980+0.045%$1.5M$320K100xas long as short
gTrade (Gains Network) XAG/USDL +0.0004% / S −0.0006%1h65.914−0.055%$120K250xas long as short
Lighter RH XAG+0.0032%1h65.956+0.009%$4.8M$9.5M25xas long as short
Extended XAG-USD+0.0032%1h65.910−0.061%$5.1M$11.5M10xas long as short
Injective XAG/USDC PERP+0.0033%1h66.400+0.682%$11K$94K52xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
StandX XAG-USD+0.0040%1h65.970+0.030%$793K$3.1M40xas long as short
Vest SI-PERP+0.0046%1h66.389+0.666%25xas long as short
Hotstuff SILVER-PERP+0.0048%1h65.922−0.042%$35K$21K20xas long as short
Polymarket Perps SILVER-USD+0.0050%1h65.940−0.015%$3.9M$674K20xas long as short
SoDEX SILVER-USD+0.0050%1h65.909−0.062%$3K$6K20xas long as short
tradeXYZ xyz:SILVER+0.0051%1h65.927−0.035%$165.9M$73.6M25xas long as short
QFEX SILVER-USDlong+0.0060%1h65.950long leg$114K$2.7M20x
Kalshi KXSILVERPERP+0.0072%24h65.930−0.030%$539K$25.9M8.1xas long as short
Phoenix SILVER+0.0073%1h65.889−0.092%$56K$26K25xas long as short
RISEx XAG/USDC+0.0080%1h65.970+0.030%$1.3M$4.9M20xas long as short
Pacifica XAG+0.0100%1h65.894−0.085%$469K$614K10xas long as short
KuCoin XAGUSDTM+0.0100%4h65.930−0.030%$24.5M$4.5M75xas long as short
ApeX Omni XAGUSDT+0.0100%1h65.920−0.045%$113K$30K50xas long as short
Lighter XAG+0.0112%1h65.958+0.013%$5.2M$10.6M25xas long as short
Paradex XAG-USD-PERP+0.0119%8h65.951+0.002%$30K$1K5xas long as short
Bybit XAGUSDT+0.0121%4h65.990+0.061%$27.4M$36.5M150xas long as short
Aster XAGUSDT+0.0138%4h65.970+0.030%$2.7M$871K100xas long as short
Nado XAG-PERP+0.0180%1h65.919−0.047%$1.4M$6.0M10xas long as short
Aevo XAG-PERP+0.0184%1h65.960+0.015%$47K10xas long as short
Variational Omni XAG+0.0188%4h65.963+0.020%$5.6M$9.4Mas long as short
MEXC SILVER_USDT+0.0202%4h65.960+0.015%$112.8M$152.1M1000xas long as short
Binance XAGUSDT+0.0203%4h65.970+0.030%$191.0M$702.5M100xas long as short
Deribit SILVER_USDC-PERPETUAL+0.0205%1h65.9500.000%$75K$363K20xas long as short
Coinbase International SILVER-PERP-INTX+0.0208%1h65.9500.000%$1.8M$1.0M20xas long as short
Aftermath Perps XAGUSD+0.0217%1h65.937−0.019%$79K$36K10xas long as short
GRVT XAG_USDT_Perp+0.0218%4h66.022+0.109%$394K$1.5M25xas long as short
edgeX XAGUSDC+0.0219%4h65.962+0.018%$669K$310K30xas long as short
OKX XAG-USDT-SWAP+0.0234%8h65.970+0.030%$27.7M$64.8M50xas long as short
Bullet SILVER-USD+0.0235%1h65.974+0.037%$45K$76K10xas long as short
BloFin XAG-USDT+0.0238%4h65.960+0.015%$2.6M$556K100xas long as short
Bitget XAGUSDT+0.0244%4h65.970+0.030%$23.9M$45.3M100xas long as short
Hibachi XAG/USDT-P+0.0336%1h65.912−0.058%$20K$19K10xas long as short
GMX SILVER/USD [ETH-USDC]L +0.0387% / S −0.0440%1h65.975+0.038%$105K111xas long as short
Kraken Futures PF_XAGUSD+0.0625%1h65.935−0.023%$910K$683K25xas long as short