Funding you earn now, next payment 03:00 UTC−0.0262%/8h= −28.7% APRpaid last 24h −0.083%
Price spread now: Hotstuff against GRVT−0.067%57s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropGRVT: Active · Hotstuff: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Hotstuff is 0.067% cheaper against GRVT than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 57 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 | GRVT XAG_USDT_Perp | 66.278 | 0.0262 | pay 0.0131% / 4h | 1h 31m | $402K | $1.5M | 25x |
| Short | Hotstuff SILVER-PERP | 66.234 | 0 | get 0.0000% / 1h | 31m 52s | $35K | $21K | 20x |
GRVT XAG_USDT_Perp
Hotstuff SILVER-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff against GRVT. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$55.02
- Price spread: −0.067% → 0.000%
- −$6.66
- Slippage, 4 orders
- no order book: not counted
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$75.68
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: GRVT: live order book, 1 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 GRVT live order book, 1 min ago | 0.75 bp | 7.7 bp −$8 | 8.2 bp −$82 | 39.2 bp −$3,921 | doesn't fit |
| 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX XAG-USD | 0.0000% | 1h | 66.218 | −0.091% | $15K | — | 5x | as long as short |
| Hotstuff SILVER-PERPshort | 0.0000% | 1h | 66.234 | −0.067% | $35K | $21K | 20x | |
| Gate XAG_USDT | 0.0000% | 4h | 66.350 | +0.108% | $150.5M | $163.6M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 66.270 | −0.012% | $2K | $2.7M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 66.340 | +0.093% | $1.0M | $1.1M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 66.330 | +0.078% | $1.5M | $251K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 66.226 | −0.079% | $121K | — | 250x | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 66.287 | +0.013% | $4.8M | $9.4M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 66.255 | −0.035% | $5.3M | $12.2M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +0.184% | $11K | $94K | 52x | as long as short |
dYdX XAG-USD
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Lighter RH XAG
Extended XAG-USD
Injective XAG/USDC PERPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX XAG-USD | +0.0040% | 1h | 66.220 | −0.088% | $796K | $2.9M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 66.702 | +0.640% | — | — | 25x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 66.238 | −0.061% | $3.9M | $672K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 66.227 | −0.077% | $3K | $6K | 20x | as long as short |
| Ondo Perps XAG-USD.P | +0.0050% | 1h | 66.180 | −0.148% | $5.7M | $9.8M | 25x | as long as short |
| QFEX SILVER-USD | +0.0062% | 1h | 66.270 | −0.012% | $115K | $2.7M | 20x | as long as short |
| Kalshi KXSILVERPERP | +0.0064% | 24h | 66.229 | −0.074% | $570K | $24.5M | 8.1x | as long as short |
| Phoenix SILVER | +0.0084% | 1h | 66.122 | −0.236% | $56K | $26K | 25x | as long as short |
| tradeXYZ xyz:SILVER | +0.0093% | 1h | 66.276 | −0.003% | $166.0M | $74.1M | 25x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 66.218 | −0.091% | $471K | $607K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 66.270 | −0.012% | $24.5M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 66.210 | −0.103% | $113K | $30K | 50x | as long as short |
| Paradex XAG-USD-PERP | +0.0134% | 8h | 66.270 | −0.013% | $30K | $1K | 5x | as long as short |
| Aster XAGUSDT | +0.0135% | 4h | 66.317 | +0.058% | $2.7M | $892K | 100x | as long as short |
| Bybit XAGUSDT | +0.0166% | 4h | 66.350 | +0.108% | $26.9M | $36.4M | 150x | as long as short |
| Aevo XAG-PERP | +0.0176% | 1h | 66.292 | +0.020% | $48K | — | 10x | as long as short |
| Lighter XAG | +0.0176% | 1h | 66.294 | +0.023% | $5.3M | $10.5M | 25x | as long as short |
| Variational Omni XAG | +0.0178% | 4h | 66.252 | −0.039% | $5.6M | $9.8M | — | as long as short |
| RISEx XAG/USDC | +0.0181% | 1h | 66.280 | +0.003% | $1.3M | $4.5M | 20x | as long as short |
| MEXC SILVER_USDT | +0.0190% | 4h | 66.340 | +0.093% | $111.3M | $152.2M | 1000x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0192% | 1h | 66.250 | −0.042% | $1.9M | $973K | 20x | as long as short |
| edgeX XAGUSDC | +0.0192% | 4h | 66.241 | −0.056% | $672K | $315K | 30x | as long as short |
| Binance XAGUSDT | +0.0193% | 4h | 66.346 | +0.103% | $191.7M | $706.9M | 100x | as long as short |
| BloFin XAG-USDT | +0.0204% | 4h | 66.260 | −0.027% | $2.6M | $553K | 100x | as long as short |
| OKX XAG-USDT-SWAP | +0.0216% | 8h | 66.330 | +0.078% | $27.8M | $65.9M | 50x | as long as short |
| Nado XAG-PERP | +0.0220% | 1h | 66.216 | −0.093% | $1.3M | $6.5M | 10x | as long as short |
| Aftermath Perps XAGUSD | +0.0236% | 1h | 66.217 | −0.092% | $80K | $38K | 10x | as long as short |
| Bitget XAGUSDT | +0.0246% | 4h | 66.340 | +0.093% | $23.8M | $45.9M | 100x | as long as short |
| GRVT XAG_USDT_Perplong | +0.0262% | 4h | 66.278 | long leg | $402K | $1.5M | 25x | |
| Hibachi XAG/USDT-P | +0.0264% | 1h | 66.220 | −0.087% | $20K | $22K | 10x | as long as short |
| Bullet SILVER-USD | +0.0277% | 1h | 66.290 | +0.018% | $46K | $75K | 10x | as long as short |
| GMX SILVER/USD [ETH-USDC] | L +0.0347% / S −0.0367% | 1h | 66.305 | +0.041% | $103K | — | 111x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0505% | 1h | 66.290 | +0.018% | $50K | $322K | 20x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0549% | 1h | 66.266 | −0.019% | $915K | $675K | 25x | as long as short |
StandX XAG-USD
Vest SI-PERP
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Ondo Perps XAG-USD.P
QFEX SILVER-USD
Kalshi KXSILVERPERP
Phoenix SILVER
tradeXYZ xyz:SILVER
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Paradex XAG-USD-PERP
Aster XAGUSDT
Bybit XAGUSDT
Aevo XAG-PERP
Lighter XAG
Variational Omni XAG
RISEx XAG/USDC
MEXC SILVER_USDT
Coinbase International SILVER-PERP-INTX
edgeX XAGUSDC
Binance XAGUSDT
BloFin XAG-USDT
OKX XAG-USDT-SWAP
Nado XAG-PERP
Aftermath Perps XAGUSD
Bitget XAGUSDT
Hibachi XAG/USDT-P
Bullet SILVER-USD
GMX SILVER/USD [ETH-USDC]
Deribit SILVER_USDC-PERPETUAL
Kraken Futures PF_XAGUSD