Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.6998%/8h= +766.3% APRpaid last 24h +0.625%

Price spread now: GRVT against Hotstuff+0.057%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 GRVT

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 · GRVT: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$210 a day on $10k at the current rate, and GRVT is 0.057% 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	65.534	−0.6920	get 0.0865% / 1h	9m 32s	$39K	$26K	20x
Short	GRVT XAG_USDT_Perp	65.571	0.0078	get 0.0039% / 4h	9m 32s	$390K	$1.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.057%Rate

Funding earned: $1,469.58
Price spread: +0.057% → 0.000%: $5.68
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $1,461.26
Costs to cover: 0.140%
Break-even: 0.0 days

Slippage unknown: Hotstuff: no order-book sample; GRVT: live order book, 2 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 GRVT live order book, 2 min ago	0.76 bp	6.7 bp −$7	7.7 bp −$77	46.4 bp −$4,640	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 exchanges

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
Hotstuff SILVER-PERPlong	−0.6920%	1h	65.534	long leg	$39K	$26K	20x
dYdX XAG-USD	0.0000%	1h	65.485	−0.075%	$13K	$8K	5x	as long as short
RISEx XAG/USDC	0.0000%	1h	65.579	+0.069%	$1.3M	$5.6M	20x	as long as short
Gate XAG_USDT	0.0000%	4h	65.590	+0.085%	$135.1M	$204.4M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.560	+0.040%	$2K	$2.3M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.570	+0.055%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.570	+0.055%	$1.5M	$257K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.489	−0.068%	$118K	—	250x	as long as short
Variational Omni XAG	+0.0014%	4h	65.557	+0.035%	$5.4M	$9.3M	—	as long as short
Ondo Perps XAG-USD.P	+0.0029%	1h	65.470	−0.098%	$5.7M	$11.1M	25x	as long as short

Show all 44 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XAG	+0.0032%	1h	65.560	+0.040%	$4.6M	$10.0M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.505	−0.044%	$5.1M	$12.3M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	64.602	−1.422%	$11K	$240	52x	as long as short
Aster XAGUSDT	+0.0038%	4h	65.550	+0.024%	$2.7M	$1.2M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.580	+0.070%	$789K	$3.1M	40x	as long as short
MEXC SILVER_USDT	+0.0042%	4h	65.580	+0.070%	$120.5M	$166.5M	1000x	as long as short
QFEX SILVER-USD	+0.0042%	1h	65.560	+0.040%	$446K	$1.4M	20x	as long as short
Binance XAGUSDT	+0.0043%	4h	65.572	+0.058%	$191.0M	$862.5M	100x	as long as short
Vest SI-PERP	+0.0046%	1h	66.003	+0.716%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.534	0.000%	$3.8M	$1.5M	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.495	−0.060%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0052%	8h	65.550	+0.025%	$29K	—	5x	as long as short
Aevo XAG-PERP	+0.0056%	1h	65.509	−0.038%	$47K	—	10x	as long as short
Bybit XAGUSDT	+0.0058%	4h	65.580	+0.070%	$30.8M	$48.6M	150x	as long as short
edgeX XAGUSDC	+0.0065%	4h	65.539	+0.008%	$668K	$313K	30x	as long as short
GRVT XAG_USDT_Perpshort	+0.0078%	4h	65.571	+0.057%	$390K	$1.6M	25x
tradeXYZ xyz:SILVER	+0.0084%	1h	65.533	−0.002%	$175.6M	$85.8M	25x	as long as short
Pacifica XAG	+0.0100%	1h	65.506	−0.043%	$462K	$501K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.530	−0.006%	$25.3M	$4.1M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.540	+0.009%	$112K	$19K	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	65.540	+0.009%	$1.6M	$2.1M	20x	as long as short
Kalshi KXSILVERPERP	+0.0111%	24h	65.556	+0.034%	$788K	$38.8M	8.1x	as long as short
Nado XAG-PERP	+0.0133%	1h	65.529	−0.007%	$1.1M	$3.2M	10x	as long as short
Phoenix SILVER	+0.0134%	1h	65.526	−0.012%	$55K	$15K	25x	as long as short
Lighter XAG	+0.0144%	1h	65.564	+0.046%	$5.3M	$12.2M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0160%	8h	65.580	+0.070%	$27.6M	$86.4M	50x	as long as short
BloFin XAG-USDT	+0.0172%	4h	65.550	+0.024%	$2.6M	$770K	100x	as long as short
Bitget XAGUSDT	+0.0186%	4h	65.580	+0.070%	$23.4M	$53.5M	100x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0208%	1h	65.540	+0.009%	$77K	$381K	20x	as long as short
Aftermath Perps XAGUSD	+0.0224%	1h	65.522	−0.019%	$79K	$37K	10x	as long as short
Hibachi XAG/USDT-P	+0.0232%	1h	65.518	−0.024%	$21K	$12K	10x	as long as short
Bullet SILVER-USD	+0.0236%	1h	65.589	+0.083%	$43K	$70K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0244% / S −0.0204%	1h	65.565	+0.047%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0540%	1h	65.542	+0.012%	$1.0M	$959K	25x	as long as short