Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0092%/8h= +10.1% APRpaid last 24h +0.050%

Price spread now: Binance against Hotstuff+0.031%7-day average — · you sell dearer than you buy

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

Long on Hotstuff Short on Binance

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 for this trade now. Funding pays +$3 a day on $10k at the current rate, and Binance is 0.031% dearer against Hotstuff than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff SILVER-PERP	66.533	0.0024	pay 0.0003% / 1h	6m 40s	$35K	$21K	20x
Short	Binance XAGUSDT	66.554	0.0116	get 0.0058% / 4h	3h 06m	$193.5M	$718.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Hotstuff. 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 HotstuffbpFee BinancebpOrdersPrice spread, now +0.031%Rate

Funding earned: $19.37
Price spread: +0.031% → 0.000%: $3.13
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: $7.5
Costs to cover: 0.150%
Break-even: 4.3 days

Slippage unknown: Hotstuff: no order-book sample; Binance: live order book, 7 min ago. 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 Hotstuff no order-book sample	—	—	—	—	—
Sell Binance live order book, 7 min ago	0.75 bp	5.8 bp −$6	5.8 bp −$58	9.2 bp −$917	23.4 bp −$11.7K

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	66.473	−0.090%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.580	+0.071%	$25.6M	$35.6M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.560	+0.041%	$155.1M	$169.4M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.560	+0.041%	$2K	$2.9M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.580	+0.071%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.570	+0.056%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.489	−0.066%	$120K	—	250x	as long as short
Hotstuff SILVER-PERPlong	+0.0024%	1h	66.533	long leg	$35K	$21K	20x
Lighter RH XAG	+0.0032%	1h	66.529	−0.005%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.482	−0.076%	$5.4M	$12.4M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.200%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.570	+0.056%	$801K	$2.8M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.984	+0.678%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.468	−0.098%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.521	−0.018%	$3.9M	$700K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.493	−0.060%	$3K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.460	−0.110%	$5.7M	$9.5M	25x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.540	+0.011%	$115K	$2.8M	20x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.513	−0.030%	$563K	$21.5M	8.1x	as long as short
tradeXYZ xyz:SILVER	+0.0069%	1h	66.514	−0.029%	$165.8M	$84.6M	25x	as long as short
Aster XAGUSDT	+0.0094%	4h	66.564	+0.047%	$2.8M	$1.1M	100x	as long as short
Variational Omni XAG	+0.0099%	4h	66.494	−0.059%	$5.6M	$9.9M	—	as long as short
Pacifica XAG	+0.0100%	1h	66.489	−0.066%	$474K	$619K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.530	−0.005%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.480	−0.080%	$126K	$24K	50x	as long as short
Paradex XAG-USD-PERP	+0.0110%	8h	66.537	+0.006%	$30K	$1K	5x	as long as short
Aevo XAG-PERP	+0.0112%	1h	66.551	+0.028%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0116%	4h	66.540	+0.011%	$108.8M	$160.6M	1000x	as long as short
Binance XAGUSDTshort	+0.0116%	4h	66.554	+0.031%	$193.5M	$718.3M	100x
Lighter XAG	+0.0128%	1h	66.539	+0.009%	$5.4M	$10.6M	25x	as long as short
edgeX XAGUSDC	+0.0132%	4h	66.514	−0.029%	$675K	$314K	30x	as long as short
BloFin XAG-USDT	+0.0139%	4h	66.540	+0.011%	$2.6M	$698K	100x	as long as short
RISEx XAG/USDC	+0.0148%	1h	66.556	+0.035%	$1.3M	$4.2M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0180%	4h	66.550	+0.026%	$402K	$1.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.480	−0.080%	$1.9M	$933K	20x	as long as short
Nado XAG-PERP	+0.0187%	1h	66.510	−0.035%	$1.3M	$6.5M	10x	as long as short
Bitget XAGUSDT	+0.0190%	4h	66.550	+0.026%	$24.6M	$47.5M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0194%	8h	66.560	+0.041%	$28.0M	$66.8M	50x	as long as short
Aftermath Perps XAGUSD	+0.0204%	1h	66.501	−0.048%	$80K	$39K	10x	as long as short
Bullet SILVER-USD	+0.0247%	1h	66.567	+0.052%	$45K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0264%	1h	66.479	−0.081%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.555	+0.033%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0488%	1h	66.530	−0.005%	$765K	$564K	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0502%	1h	66.560	+0.041%	$50K	$336K	20x	as long as short