Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0078%/8h= −8.5% APRpaid last 24h −0.079%

Price spread now: Hotstuff against Bitget−0.082%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Hotstuff is 0.082% cheaper against Bitget than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XAGUSDT	66.220	0.0030	pay 0.0015% / 4h	1h 35m	$23.7M	$47.9M	100x
Short	Hotstuff SILVER-PERP	66.166	−0.0048	pay 0.0006% / 1h	35m 32s	$35K	$21K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Bitget. 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 BitgetbpFee HotstuffbpOrdersPrice spread, now −0.082%Rate

Funding earned: −$16.38
Price spread: −0.082% → 0.000%: −$8.15
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$41.53
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 3 min ago; Hotstuff: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 3 min ago	0.75 bp	6.8 bp −$7	8.5 bp −$85	16.8 bp −$1,678	44.5 bp −$22.3K
Sell Hotstuff no order-book sample	—	—	—	—	—

Hotstuff: 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 43 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
Kraken Futures PF_XAGUSD	−0.0272%	1h	66.172	−0.072%	$769K	$585K	25x	as long as short
Hotstuff SILVER-PERPshort	−0.0048%	1h	66.166	−0.082%	$35K	$21K	20x
dYdX XAG-USD	0.0000%	1h	66.121	−0.149%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.210	−0.015%	$25.5M	$33.6M	150x	as long as short
RISEx XAG/USDC	0.0000%	1h	66.203	−0.026%	$1.3M	$4.2M	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.190	−0.045%	$146.4M	$172.1M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.200	−0.030%	$2K	$3.2M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.210	−0.015%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.210	−0.015%	$1.5M	$248K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.118	−0.154%	$120K	—	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX SILVER-USD	+0.0016%	1h	66.200	−0.030%	$144K	$2.8M	20x	as long as short
Aster XAGUSDT	+0.0023%	4h	66.209	−0.017%	$2.8M	$1.1M	100x	as long as short
Bitget XAGUSDTlong	+0.0030%	4h	66.220	long leg	$23.7M	$47.9M	100x
Lighter RH XAG	+0.0032%	1h	66.180	−0.061%	$4.5M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.128	−0.140%	$5.5M	$14.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.272%	$11K	$94K	52x	as long as short
Variational Omni XAG	+0.0035%	4h	66.227	+0.011%	$5.4M	$10.6M	—	as long as short
StandX XAG-USD	+0.0040%	1h	66.130	−0.136%	$791K	$2.8M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.633	+0.624%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.164	−0.085%	$164.8M	$88.7M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.179	−0.062%	$3.9M	$694K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.116	−0.157%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.110	−0.166%	$5.6M	$9.9M	25x	as long as short
Kalshi KXSILVERPERP	+0.0055%	24h	66.154	−0.100%	$585K	$21.4M	8.1x	as long as short
edgeX XAGUSDC	+0.0059%	4h	66.210	−0.015%	$672K	$315K	30x	as long as short
MEXC SILVER_USDT	+0.0060%	4h	66.200	−0.030%	$117.2M	$181.4M	1000x	as long as short
Binance XAGUSDT	+0.0062%	4h	66.209	−0.017%	$189.4M	$738.3M	100x	as long as short
Aevo XAG-PERP	+0.0064%	1h	66.192	−0.043%	$48K	—	10x	as long as short
GRVT XAG_USDT_Perp	+0.0066%	4h	66.219	−0.002%	$389K	$1.5M	25x	as long as short
Phoenix SILVER	+0.0073%	1h	66.137	−0.125%	$56K	$26K	25x	as long as short
BloFin XAG-USDT	+0.0079%	4h	66.220	0.000%	$2.5M	$1.0M	100x	as long as short
Aftermath Perps XAGUSD	+0.0099%	1h	66.176	−0.066%	$80K	$40K	10x	as long as short
Pacifica XAG	+0.0100%	1h	66.146	−0.112%	$473K	$629K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.170	−0.076%	$24.3M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.150	−0.106%	$113K	$51K	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	66.190	−0.045%	$1.9M	$866K	20x	as long as short
Paradex XAG-USD-PERP	+0.0110%	8h	66.184	−0.054%	$30K	$1K	5x	as long as short
Lighter XAG	+0.0120%	1h	66.186	−0.052%	$5.1M	$10.9M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0154%	8h	66.210	−0.015%	$27.3M	$66.9M	50x	as long as short
Nado XAG-PERP	+0.0197%	1h	66.145	−0.113%	$1.3M	$6.6M	10x	as long as short
Bullet SILVER-USD	+0.0252%	1h	66.203	−0.025%	$44K	$74K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0348% / S −0.0369%	1h	66.195	−0.038%	$103K	—	29x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0809%	1h	66.190	−0.045%	$51K	$362K	20x	as long as short