Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0178%/8h= +19.5% APRpaid last 24h +0.081%

Price spread now: Bitget against Hotstuff+0.056%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 Bitget

What this pair did over the last

the charts below follow

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 airdropHotstuff: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Bitget is 0.056% dearer against Hotstuff than usual: you sell high and buy low: +$6 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	66.043	0.0048	pay 0.0006% / 1h	55m 17s	$35K	$21K	20x
Short	Bitget XAGUSDT	66.080	0.0226	get 0.0113% / 4h	2h 55m	$23.9M	$44.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.056%Rate

Funding earned: $37.38
Price spread: +0.056% → 0.000%: $5.6
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: $25.98
Costs to cover: 0.170%
Break-even: 2.1 days

Slippage unknown: Hotstuff: no order-book sample; Bitget: live order book, 4 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 Bitget live order book, 4 min ago	0.76 bp	6.8 bp −$7	8.8 bp −$88	16.4 bp −$1,635	36.6 bp −$18.3K

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	65.989	−0.082%	$14K	$66	5x	as long as short
SunX XAG-USDT	0.0000%	4h	66.080	+0.056%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.100	+0.086%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.080	+0.056%	$1.5M	$257K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.020	−0.035%	$120K	—	250x	as long as short
Ondo Perps XAG-USD.P	+0.0004%	1h	65.960	−0.126%	$5.7M	$9.2M	25x	as long as short
RISEx XAG/USDC	+0.0030%	1h	66.086	+0.065%	$1.3M	$4.8M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	66.074	+0.047%	$4.8M	$9.2M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.020	−0.034%	$5.2M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.541%	$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	66.080	+0.056%	$795K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.496	+0.686%	—	—	25x	as long as short
Hotstuff SILVER-PERPlong	+0.0048%	1h	66.043	long leg	$35K	$21K	20x
Gate XAG_USDT	+0.0050%	4h	66.100	+0.086%	$149.8M	$153.8M	100x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.043	0.000%	$3.9M	$676K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.019	−0.036%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.070	+0.041%	$114K	$2.7M	20x	as long as short
Paradex XAG-USD-PERP	+0.0055%	8h	66.064	+0.032%	$30K	$1K	5x	as long as short
Phoenix SILVER	+0.0073%	1h	65.972	−0.108%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0074%	24h	66.051	+0.012%	$530K	$26.7M	8.1x	as long as short
tradeXYZ xyz:SILVER	+0.0099%	1h	66.050	+0.011%	$166.5M	$74.1M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.021	−0.033%	$470K	$605K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.040	−0.005%	$24.4M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.000	−0.065%	$113K	$30K	50x	as long as short
Bybit XAGUSDT	+0.0102%	4h	66.100	+0.086%	$27.8M	$36.4M	150x	as long as short
Aster XAGUSDT	+0.0117%	4h	66.080	+0.056%	$2.7M	$871K	100x	as long as short
Lighter XAG	+0.0144%	1h	66.078	+0.053%	$5.2M	$10.6M	25x	as long as short
Variational Omni XAG	+0.0157%	4h	66.083	+0.061%	$5.6M	$9.5M	—	as long as short
Aevo XAG-PERP	+0.0160%	1h	66.075	+0.048%	$47K	—	10x	as long as short
BloFin XAG-USDT	+0.0165%	4h	66.090	+0.071%	$2.6M	$570K	100x	as long as short
MEXC SILVER_USDT	+0.0168%	4h	66.080	+0.056%	$116.4M	$151.7M	1000x	as long as short
Binance XAGUSDT	+0.0169%	4h	66.090	+0.071%	$191.5M	$702.6M	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.980	−0.095%	$1.8M	$1.0M	20x	as long as short
edgeX XAGUSDC	+0.0176%	4h	66.036	−0.010%	$670K	$310K	30x	as long as short
Nado XAG-PERP	+0.0198%	1h	66.038	−0.007%	$1.4M	$5.8M	10x	as long as short
Aftermath Perps XAGUSD	+0.0203%	1h	66.034	−0.013%	$79K	$36K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0210%	4h	66.063	+0.031%	$395K	$1.5M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0223%	8h	66.090	+0.071%	$27.7M	$64.6M	50x	as long as short
Bitget XAGUSDTshort	+0.0226%	4h	66.080	+0.056%	$23.9M	$44.9M	100x
Bullet SILVER-USD	+0.0257%	1h	66.087	+0.067%	$44K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0328%	1h	66.023	−0.030%	$20K	$19K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0356%	1h	66.070	+0.041%	$75K	$363K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0388% / S −0.0440%	1h	66.085	+0.064%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0466%	1h	66.060	+0.026%	$909K	$687K	25x	as long as short