XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0111%/8h= −12.2% APRnext payment −$0.14 per $10,000 · paid last 24h −0.008%

Price spread now: QFEX against RISEx−0.047%7-day average −0.037% · 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−$26as in the Price arb table

costs, in and out, $10k−$250.246% of the position

Long on RISEx Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.052%−$5 on $10k

Price spread, last 7 days+0.030%+$3 · spread now −0.047%, 7d avg −0.037%

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

The price spread sits at its 7-day average of −0.037%, 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	RISEx XAG/USDC	65.030	0.0158	pay 0.0020% / 1h	19m 55s	$1.2M	$4.9M	20x
Short	QFEX SILVER-USD	65.000	0.0047	get 0.0006% / 1h	19m 55s	$446K	$1.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against RISEx. 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 RISExbpFee QFEXbpOrdersPrice spread, now −0.047%Rate

Funding earned: −$23.41
Price spread: −0.047% → −0.037%: −$1
Slippage, 4 orders: −$8.63
Fee RISEx: 3 bp × 2 orders: −$6
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$49.04
Costs to cover: 0.246%
Break-even: never at this rate

Slippage from RISEx: live order book, 4 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 RISEx live order book, 4 min ago	0.67 bp	3.7 bp −$4	4.4 bp −$44	doesn't fit	doesn't fit
Sell QFEX live order book, 2 min ago	1.54 bp	7.9 bp −$8	8.1 bp −$81	8.1 bp −$808	12.2 bp −$6,111

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	64.926	−0.160%	$12K	$6K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.030	−0.001%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.030	−0.001%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.030	−0.001%	$1.5M	$346K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	64.953	−0.118%	$117K	—	250x	as long as short
Gate XAG_USDT	+0.0016%	4h	65.050	+0.030%	$138.8M	$187.9M	100x	as long as short
Lighter RH XAG	+0.0032%	1h	65.027	−0.005%	$4.6M	$9.9M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	64.973	−0.089%	$5.0M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	64.602	−0.659%	$11K	$240	52x	as long as short
StandX XAG-USD	+0.0040%	1h	64.970	−0.093%	$781K	$3.0M	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	65.431	+0.616%	—	—	25x	as long as short
QFEX SILVER-USDshort	+0.0047%	1h	65.000	−0.047%	$446K	$1.5M	20x
Polymarket Perps SILVER-USD	+0.0050%	1h	64.990	−0.062%	$3.8M	$890K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	64.953	−0.119%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	64.900	−0.200%	$5.6M	$10.1M	25x	as long as short
Variational Omni XAG	+0.0065%	4h	65.026	−0.007%	$5.4M	$9.2M	—	as long as short
edgeX XAGUSDC	+0.0071%	4h	64.801	−0.353%	$660K	$314K	30x	as long as short
Paradex XAG-USD-PERP	+0.0076%	8h	65.002	−0.043%	$29K	$166	5x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0080%	1h	64.840	−0.293%	$1.6M	$1.5M	20x	as long as short
Kalshi KXSILVERPERP	+0.0087%	24h	64.993	−0.057%	$488K	$35.1M	8.1x	as long as short
MEXC SILVER_USDT	+0.0094%	4h	65.080	+0.076%	$124.0M	$160.3M	1000x	as long as short
Pacifica XAG	+0.0100%	1h	64.949	−0.125%	$463K	$591K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.020	−0.016%	$25.1M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	64.750	−0.431%	$111K	$19K	50x	as long as short
Binance XAGUSDT	+0.0102%	4h	65.097	+0.102%	$198.5M	$790.1M	100x	as long as short
Aevo XAG-PERP	+0.0104%	1h	65.017	−0.020%	$47K	—	10x	as long as short
Phoenix SILVER	+0.0111%	1h	64.615	−0.639%	$55K	$31K	25x	as long as short
Aster XAGUSDT	+0.0117%	4h	65.110	+0.122%	$2.7M	$1.0M	100x	as long as short
Hotstuff SILVER-PERP	+0.0128%	1h	64.968	−0.096%	$35K	$21K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0136%	1h	64.988	−0.065%	$173.2M	$88.9M	25x	as long as short
RISEx XAG/USDClong	+0.0158%	1h	65.030	long leg	$1.2M	$4.9M	20x
Nado XAG-PERP	+0.0166%	1h	64.979	−0.080%	$1.2M	$4.2M	10x	as long as short
OKX XAG-USDT-SWAP	+0.0210%	8h	65.090	+0.092%	$29.0M	$76.3M	50x	as long as short
Aftermath Perps XAGUSD	+0.0218%	1h	64.827	−0.312%	$78K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0220%	4h	65.050	+0.030%	$22.9M	$48.3M	100x	as long as short
Lighter XAG	+0.0232%	1h	65.012	−0.028%	$5.2M	$11.3M	25x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0237% / S −0.0196%	1h	65.025	−0.008%	$92K	—	111x	as long as short
GRVT XAG_USDT_Perp	+0.0298%	4h	64.847	−0.283%	$386K	$1.6M	25x	as long as short
Bullet SILVER-USD	+0.0310%	1h	65.025	−0.008%	$45K	$75K	10x	as long as short
BloFin XAG-USDT	+0.0336%	4h	64.980	−0.077%	$2.7M	$697K	100x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0366%	1h	65.010	−0.031%	$76K	$435K	20x	as long as short
Hibachi XAG/USDT-P	+0.0368%	1h	64.890	−0.216%	$20K	$15K	10x	as long as short
Bybit XAGUSDT	+0.0374%	4h	65.100	+0.107%	$30.2M	$43.6M	150x	as long as short
Kraken Futures PF_XAGUSD	+0.0419%	1h	65.003	−0.042%	$1.0M	$894K	25x	as long as short