XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0049%/8h= −5.3% APRnext payment −$0.06 per $10,000 · paid last 24h +0.101%

Price spread now: Deribit against Hotstuff−0.151%7-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 Deribit

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 against this trade now: funding costs −$1 a day on $10k at the current rate, and Deribit is 0.151% cheaper against Hotstuff than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff SILVER-PERP	65.649	0.0104	pay 0.0013% / 1h	0m 58s	$35K	$22K	20x
Short	Deribit SILVER_USDC-PERPETUAL	65.550	0.0055	get 0.0007% / 1h	0m 58s	$77K	$434K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.151%Rate

Funding earned: −$10.25
Price spread: −0.151% → 0.000%: −$15.08
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$37.33
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Hotstuff: no order-book sample; Deribit: live order book, 33 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 Deribit live order book, 33 min ago	3.86 bp	7.4 bp −$7	7.4 bp −$74	doesn't fit	doesn't fit

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	65.588	−0.092%	$12K	$6K	5x	as long as short
Gate XAG_USDT	0.0000%	4h	65.590	−0.090%	$138.1M	$195.1M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.580	−0.105%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.610	−0.059%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.580	−0.105%	$1.5M	$253K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.623	−0.040%	$119K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.571	−0.119%	$4.5M	$10.1M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.506	−0.217%	$5.1M	$11.9M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	64.602	−1.595%	$11K	$240	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.630	−0.029%	$789K	$3.0M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SI-PERP	+0.0046%	1h	66.042	+0.599%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0047%	1h	65.610	−0.059%	$435K	$1.5M	20x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.557	−0.140%	$3.8M	$890K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.521	−0.195%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	65.540	−0.166%	$5.7M	$10.2M	25x	as long as short
Deribit SILVER_USDC-PERPETUALshort	+0.0055%	1h	65.550	−0.151%	$77K	$434K	20x
Paradex XAG-USD-PERP	+0.0079%	8h	65.621	−0.042%	$29K	$166	5x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0080%	1h	65.600	−0.075%	$1.6M	$1.6M	20x	as long as short
Variational Omni XAG	+0.0081%	4h	65.604	−0.068%	$5.4M	$9.2M	—	as long as short
Kalshi KXSILVERPERP	+0.0090%	24h	65.629	−0.030%	$660K	$36.2M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	65.598	−0.077%	$467K	$590K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.530	−0.181%	$25.3M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.590	−0.090%	$112K	$19K	50x	as long as short
Hotstuff SILVER-PERPlong	+0.0104%	1h	65.649	long leg	$35K	$22K	20x
Phoenix SILVER	+0.0111%	1h	65.549	−0.152%	$56K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0121%	1h	65.544	−0.160%	$174.3M	$92.3M	25x	as long as short
MEXC SILVER_USDT	+0.0124%	4h	65.550	−0.151%	$114.7M	$164.3M	1000x	as long as short
Binance XAGUSDT	+0.0124%	4h	65.559	−0.137%	$195.2M	$821.8M	100x	as long as short
Aevo XAG-PERP	+0.0128%	1h	65.580	−0.105%	$47K	—	10x	as long as short
Aster XAGUSDT	+0.0137%	4h	65.570	−0.120%	$2.7M	$1.1M	100x	as long as short
edgeX XAGUSDC	+0.0143%	4h	65.604	−0.068%	$668K	$314K	30x	as long as short
Nado XAG-PERP	+0.0150%	1h	65.553	−0.146%	$1.3M	$4.1M	10x	as long as short
RISEx XAG/USDC	+0.0158%	1h	65.601	−0.073%	$1.2M	$4.9M	20x	as long as short
Aftermath Perps XAGUSD	+0.0198%	1h	65.512	−0.209%	$79K	$37K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0213%	8h	65.550	−0.151%	$28.3M	$80.9M	50x	as long as short
Lighter XAG	+0.0216%	1h	65.581	−0.103%	$5.1M	$12.2M	25x	as long as short
Bitget XAGUSDT	+0.0234%	4h	65.560	−0.136%	$23.0M	$49.3M	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.585	−0.097%	$93K	—	111x	as long as short
Bybit XAGUSDT	+0.0289%	4h	65.570	−0.120%	$30.6M	$45.0M	150x	as long as short
Bullet SILVER-USD	+0.0305%	1h	65.598	−0.078%	$45K	$75K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0350%	4h	65.590	−0.090%	$384K	$1.6M	25x	as long as short
BloFin XAG-USDT	+0.0364%	4h	65.580	−0.105%	$2.7M	$710K	100x	as long as short
Hibachi XAG/USDT-P	+0.0376%	1h	65.618	−0.047%	$21K	$12K	10x	as long as short
Kraken Futures PF_XAGUSD	+0.0415%	1h	65.557	−0.141%	$1.0M	$893K	25x	as long as short