Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0252%/8h= −27.6% APRpaid last 24h +0.052%

Price spread now: BloFin against Hotstuff−0.041%99s7-day average — · you buy dearer than you sell

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

Long on Hotstuff Short on BloFin

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 −$8 a day on $10k at the current rate, and BloFin is 0.041% cheaper against Hotstuff than usual: you would sell low and buy high (−$4 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	Hotstuff SILVER-PERP	65.977	0.0312	pay 0.0039% / 1h	5m 29s	$35K	$21K	20x
Short	BloFin XAG-USDT	65.950	0.0060	get 0.0030% / 4h	2h 05m	$2.6M	$1.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.041%Rate

Funding earned: −$52.89
Price spread: −0.041% → 0.000%: −$4.09
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$73.98
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Hotstuff: no order-book sample; BloFin: live order book, 3 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 BloFin live order book, 3 min ago	1.52 bp	7.5 bp −$8	7.5 bp −$75	10.2 bp −$1,019	20.0 bp −$10.0K

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 42 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
Nado XAG-PERP	−0.0004%	1h	65.994	+0.026%	$1.3M	$6.5M	10x	as long as short
dYdX XAG-USD	0.0000%	1h	65.988	+0.016%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.000	+0.035%	$25.7M	$36.1M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.000	+0.035%	$147.1M	$185.6M	100x	as long as short
Bullet SILVER-USD	0.0000%	1h	66.004	+0.041%	$44K	$74K	10x	as long as short
SunX XAG-USDT	0.0000%	4h	66.000	+0.035%	$2K	$3.4M	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	0.0000%	1h	66.020	+0.065%	$76K	$360K	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.040	+0.095%	$1.0M	$1.2M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.030	+0.080%	$1.5M	$249K	100x	as long as short
Aftermath Perps XAGUSD	+0.0011%	1h	65.961	−0.024%	$79K	$40K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XAGUSDT	+0.0019%	4h	66.030	+0.081%	$2.8M	$1.1M	100x	as long as short
Bitget XAGUSDT	+0.0026%	4h	66.010	+0.050%	$23.7M	$52.1M	100x	as long as short
Lighter XAG	+0.0032%	1h	65.990	+0.020%	$5.1M	$11.5M	25x	as long as short
Lighter RH XAG	+0.0032%	1h	65.990	+0.019%	$4.4M	$10.0M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.027	+0.075%	$5.3M	$14.8M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.641%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.990	+0.020%	$790K	$2.8M	40x	as long as short
Ondo Perps XAG-USD.P	+0.0042%	1h	65.930	−0.071%	$5.4M	$9.8M	25x	as long as short
Vest SI-PERP	+0.0046%	1h	66.569	+0.897%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.977	0.000%	$164.4M	$94.8M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.976	−0.002%	$3.9M	$743K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.997	+0.030%	$4K	$5K	20x	as long as short
Kalshi KXSILVERPERP	+0.0055%	24h	65.962	−0.023%	$637K	$21.8M	8.1x	as long as short
Binance XAGUSDT	+0.0059%	4h	66.004	+0.041%	$190.3M	$792.7M	100x	as long as short
BloFin XAG-USDTshort	+0.0060%	4h	65.950	−0.041%	$2.6M	$1.2M	100x
MEXC SILVER_USDT	+0.0070%	4h	66.010	+0.050%	$122.6M	$192.5M	1000x	as long as short
GRVT XAG_USDT_Perp	+0.0070%	4h	65.949	−0.042%	$389K	$1.6M	25x	as long as short
Phoenix SILVER	+0.0073%	1h	66.027	+0.076%	$56K	$26K	25x	as long as short
QFEX SILVER-USD	+0.0080%	1h	66.000	+0.035%	$143K	$2.8M	20x	as long as short
Aevo XAG-PERP	+0.0088%	1h	66.011	+0.051%	$47K	—	10x	as long as short
Paradex XAG-USD-PERP	+0.0099%	8h	66.005	+0.042%	$30K	$1K	5x	as long as short
Pacifica XAG	+0.0100%	1h	65.987	+0.016%	$472K	$645K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.960	−0.026%	$24.2M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.040	+0.095%	$112K	$85K	50x	as long as short
Variational Omni XAG	+0.0107%	4h	66.053	+0.116%	$5.3M	$11.4M	—	as long as short
edgeX XAGUSDC	+0.0108%	4h	66.053	+0.116%	$670K	$314K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0143%	8h	66.000	+0.035%	$27.5M	$69.8M	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	65.920	−0.086%	$1.9M	$1.2M	20x	as long as short
Hotstuff SILVER-PERPlong	+0.0312%	1h	65.977	long leg	$35K	$21K	20x
GMX SILVER/USD [ETH-USDC]	L +0.0392% / S −0.0420%	1h	66.005	+0.042%	$102K	—	29x	as long as short
RISEx XAG/USDC	+0.0432%	1h	66.004	+0.041%	$1.3M	$4.3M	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0615%	1h	65.963	−0.021%	$774K	$616K	25x	as long as short