XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0006%/8h= +0.6% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%

Price spread now: Polymarket Perps against QFEX−0.015%7-day average −0.051% · 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−$23as in the Price arb table

costs, in and out, $10k−$270.266% of the position

Long on QFEX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.023%+$2 on $10k

Price spread, last 7 days−0.001%$0 · spread now −0.015%, 7d avg −0.051%

Together, before fees+0.022%+$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Polymarket Perps is 0.036% dearer against QFEX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX SILVER-USD	65.300	0.0044	pay 0.0006% / 1h	48m 59s	$152K	$1.4M	20x
Short	Polymarket Perps SILVER-USD	65.290	0.0050	get 0.0006% / 1h	48m 59s	$3.8M	$856K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.015%Rate

Funding earned: $1.21
Price spread: −0.015% → −0.051%: $3.56
Slippage, 4 orders: −$8.6
Fee QFEX: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$21.82
Costs to cover: 0.266%
Break-even: 133.3 days

Slippage from QFEX: live order book, 2 min ago; Polymarket Perps: live order book, 5 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, 2 min ago	2.30 bp	8.7 bp −$9	8.8 bp −$88	10.1 bp −$1,012	doesn't fit
Sell Polymarket Perps live order book, 5 min ago	1.23 bp	5.2 bp −$5	5.9 bp −$59	6.8 bp −$677	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
Ondo Perps XAG-USD.P	−0.0057%	1h	65.190	−0.168%	$5.6M	$9.6M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.287	−0.019%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.390	+0.138%	$27.8M	$39.6M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.350	+0.077%	$2K	$2.5M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.360	+0.092%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.350	+0.077%	$1.5M	$281K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.289	−0.016%	$118K	—	250x	as long as short
Variational Omni XAG	+0.0016%	4h	65.312	+0.019%	$5.5M	$9.1M	—	as long as short
Aster XAGUSDT	+0.0030%	4h	65.360	+0.092%	$2.7M	$951K	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.348	+0.073%	$4.6M	$9.7M	25x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XAG-USD	+0.0032%	1h	65.310	+0.015%	$5.1M	$11.6M	10x	as long as short
Gate XAG_USDT	+0.0032%	4h	65.370	+0.107%	$141.2M	$176.8M	100x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.685%	$11K	$94K	52x	as long as short
MEXC SILVER_USDT	+0.0040%	4h	65.350	+0.077%	$117.4M	$157.0M	1000x	as long as short
StandX XAG-USD	+0.0040%	1h	65.310	+0.015%	$786K	$2.9M	40x	as long as short
Binance XAGUSDT	+0.0041%	4h	65.370	+0.107%	$191.7M	$761.6M	100x	as long as short
QFEX SILVER-USDlong	+0.0044%	1h	65.300	long leg	$152K	$1.4M	20x
Vest SI-PERP	+0.0046%	1h	65.756	+0.698%	—	—	25x	as long as short
Polymarket Perps SILVER-USDshort	+0.0050%	1h	65.290	−0.015%	$3.8M	$856K	20x
SoDEX SILVER-USD	+0.0050%	1h	65.285	−0.023%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0053%	8h	65.342	+0.064%	$29K	$1K	5x	as long as short
Aevo XAG-PERP	+0.0056%	1h	65.322	+0.033%	$47K	—	10x	as long as short
edgeX XAGUSDC	+0.0057%	4h	65.317	+0.026%	$665K	$313K	30x	as long as short
Phoenix SILVER	+0.0061%	1h	65.281	−0.029%	$56K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0077%	1h	65.321	+0.032%	$169.7M	$81.6M	25x	as long as short
Kalshi KXSILVERPERP	+0.0079%	24h	65.283	−0.026%	$480K	$31.8M	8.1x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	65.360	+0.092%	$1.6M	$1.4M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.289	−0.017%	$469K	$612K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.310	+0.015%	$25.3M	$5.0M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.260	−0.061%	$112K	$19K	50x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.321	+0.032%	$1.2M	$4.9M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0134%	4h	65.317	+0.026%	$384K	$1.6M	25x	as long as short
Lighter XAG	+0.0160%	1h	65.354	+0.082%	$5.3M	$11.1M	25x	as long as short
BloFin XAG-USDT	+0.0164%	4h	65.360	+0.092%	$2.7M	$583K	100x	as long as short
Bitget XAGUSDT	+0.0166%	4h	65.390	+0.138%	$23.7M	$45.5M	100x	as long as short
Nado XAG-PERP	+0.0166%	1h	65.272	−0.043%	$1.2M	$4.8M	10x	as long as short
Hibachi XAG/USDT-P	+0.0168%	1h	65.287	−0.019%	$20K	$17K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0176%	8h	65.370	+0.107%	$28.1M	$70.6M	50x	as long as short
Hotstuff SILVER-PERP	+0.0192%	1h	65.332	+0.049%	$35K	$21K	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.330	+0.046%	$65K	$387K	20x	as long as short
Aftermath Perps XAGUSD	+0.0211%	1h	65.320	+0.031%	$78K	$37K	10x	as long as short
Bullet SILVER-USD	+0.0227%	1h	65.351	+0.078%	$45K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.355	+0.084%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0363%	1h	65.306	+0.010%	$1.0M	$872K	25x	as long as short