Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0135%/8h= −14.8% APRpaid last 24h −0.055%

Price spread now: Hotstuff against BloFin−0.138%99s7-day average — · you buy dearer than you sell

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

Long on BloFin 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 −$4 a day on $10k at the current rate, and Hotstuff is 0.138% cheaper against BloFin than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 99 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XAG-USDT	66.570	0.0103	pay 0.0052% / 4h	2h 47m	$2.6M	$624K	100x
Short	Hotstuff SILVER-PERP	66.478	−0.0032	pay 0.0004% / 1h	47m 29s	$35K	$21K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against BloFin. 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 BloFinbpFee HotstuffbpOrdersPrice spread, now −0.138%Rate

Funding earned: −$28.39
Price spread: −0.138% → 0.000%: −$13.82
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$59.21
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 6 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 BloFin live order book, 6 min ago	0.75 bp	6.8 bp −$7	7.0 bp −$70	9.0 bp −$904	15.0 bp −$7,504
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 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
Hotstuff SILVER-PERPshort	−0.0032%	1h	66.478	−0.138%	$35K	$21K	20x
dYdX XAG-USD	0.0000%	1h	66.486	−0.126%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.540	−0.045%	$154.7M	$161.2M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.560	−0.015%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.570	0.000%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.570	0.000%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.479	−0.136%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.482	−0.133%	$4.8M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.444	−0.189%	$5.4M	$12.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.255%	$11K	$94K	52x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	66.590	+0.030%	$801K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.966	+0.595%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.496	−0.111%	$56K	$26K	25x	as long as short
Bybit XAGUSDT	+0.0050%	4h	66.590	+0.030%	$26.4M	$36.0M	150x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.491	−0.119%	$3.9M	$669K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.484	−0.129%	$3K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.400	−0.255%	$5.7M	$9.6M	25x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.520	−0.075%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0060%	24h	66.543	−0.041%	$566K	$23.0M	8.1x	as long as short
RISEx XAG/USDC	+0.0079%	1h	66.521	−0.073%	$1.2M	$4.3M	20x	as long as short
Pacifica XAG	+0.0100%	1h	66.461	−0.164%	$473K	$610K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.480	−0.135%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.550	−0.030%	$127K	$23K	50x	as long as short
tradeXYZ xyz:SILVER	+0.0101%	1h	66.504	−0.099%	$166.0M	$79.2M	25x	as long as short
BloFin XAG-USDTlong	+0.0103%	4h	66.570	long leg	$2.6M	$624K	100x
Aster XAGUSDT	+0.0111%	4h	66.526	−0.066%	$2.8M	$1.0M	100x	as long as short
Paradex XAG-USD-PERP	+0.0119%	8h	66.510	−0.090%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0120%	4h	66.595	+0.037%	$5.6M	$9.7M	—	as long as short
Aevo XAG-PERP	+0.0136%	1h	66.544	−0.039%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0138%	4h	66.530	−0.060%	$108.4M	$156.6M	1000x	as long as short
edgeX XAGUSDC	+0.0141%	4h	66.584	+0.022%	$676K	$315K	30x	as long as short
Binance XAGUSDT	+0.0141%	4h	66.546	−0.037%	$193.0M	$711.7M	100x	as long as short
Lighter XAG	+0.0168%	1h	66.501	−0.104%	$5.4M	$10.4M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.550	−0.030%	$1.9M	$965K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0195%	8h	66.560	−0.015%	$28.1M	$66.3M	50x	as long as short
Bitget XAGUSDT	+0.0214%	4h	66.530	−0.060%	$24.5M	$46.2M	100x	as long as short
Aftermath Perps XAGUSD	+0.0219%	1h	66.515	−0.083%	$80K	$39K	10x	as long as short
Nado XAG-PERP	+0.0220%	1h	66.467	−0.155%	$1.3M	$6.5M	10x	as long as short
GRVT XAG_USDT_Perp	+0.0224%	4h	66.601	+0.047%	$398K	$1.5M	25x	as long as short
Hibachi XAG/USDT-P	+0.0280%	1h	66.528	−0.063%	$20K	$22K	10x	as long as short
Bullet SILVER-USD	+0.0285%	1h	66.542	−0.042%	$45K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0292% / S −0.0281%	1h	66.555	−0.023%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0352%	1h	66.530	−0.060%	$50K	$331K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0461%	1h	66.521	−0.073%	$767K	$546K	25x	as long as short