XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0023%/8h= −2.5% APRnext payment −$0.03 per $10,000 · paid last 24h +0.026%

Price spread now: Injective against Hotstuff+1.588%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 Injective

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

The price spread pays, funding is against you. Injective is 1.588% dearer against Hotstuff than usual: you sell high and buy low (spread +1.588% now, against zero (this spread has no 7-day history yet)): +$159 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff SILVER-PERP	65.362	0.0056	pay 0.0007% / 1h	12m 47s	$35K	$21K	20x
Short	Injective XAG/USDC PERP	66.400	0.0033	get 0.0004% / 1h	12m 47s	$11K	$94K	52x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +1.588%Rate

Funding earned: −$4.76
Price spread: +1.588% → 0.000%: $158.81
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $149.03
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Hotstuff: no order-book sample; Injective: no order-book sample. 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 Injective no order-book sample	—	—	—	—	—

Hotstuff and Injective: 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	65.424	+0.096%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.430	+0.104%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.470	+0.165%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.450	+0.135%	$1.5M	$280K	100x	as long as short
Ondo Perps XAG-USD.P	+0.0001%	1h	65.330	−0.049%	$5.6M	$9.6M	25x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.375	+0.020%	$118K	—	250x	as long as short
RISEx XAG/USDC	+0.0030%	1h	65.461	+0.151%	$1.2M	$4.9M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	65.519	+0.241%	$4.7M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.423	+0.094%	$5.1M	$11.6M	10x	as long as short
Injective XAG/USDC PERPshort	+0.0033%	1h	66.400	+1.588%	$11K	$94K	52x

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix SILVER	+0.0036%	1h	65.388	+0.040%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	65.400	+0.058%	$787K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.854	+0.753%	—	—	25x	as long as short
Gate XAG_USDT	+0.0048%	4h	65.530	+0.257%	$145.2M	$178.5M	100x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.420	+0.089%	$3.9M	$710K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.373	+0.017%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.450	+0.135%	$157K	$2.8M	20x	as long as short
Hotstuff SILVER-PERPlong	+0.0056%	1h	65.362	long leg	$35K	$21K	20x
Paradex XAG-USD-PERP	+0.0065%	8h	65.513	+0.231%	$29K	$1K	5x	as long as short
Kalshi KXSILVERPERP	+0.0076%	24h	65.417	+0.084%	$476K	$28.8M	8.1x	as long as short
tradeXYZ xyz:SILVER	+0.0082%	1h	65.494	+0.202%	$170.8M	$82.5M	25x	as long as short
Aster XAGUSDT	+0.0089%	4h	65.540	+0.272%	$2.7M	$940K	100x	as long as short
Pacifica XAG	+0.0100%	1h	65.471	+0.167%	$467K	$626K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.480	+0.181%	$24.6M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.360	−0.003%	$112K	$30K	50x	as long as short
Bybit XAGUSDT	+0.0127%	4h	65.570	+0.318%	$28.7M	$39.2M	150x	as long as short
Variational Omni XAG	+0.0131%	4h	65.414	+0.080%	$5.5M	$9.6M	—	as long as short
Lighter XAG	+0.0136%	1h	65.535	+0.265%	$5.3M	$11.2M	25x	as long as short
Aevo XAG-PERP	+0.0136%	1h	65.438	+0.116%	$47K	—	10x	as long as short
Binance XAGUSDT	+0.0139%	4h	65.544	+0.278%	$189.0M	$743.7M	100x	as long as short
MEXC SILVER_USDT	+0.0140%	4h	65.560	+0.303%	$122.2M	$160.9M	1000x	as long as short
edgeX XAGUSDC	+0.0152%	4h	65.410	+0.073%	$666K	$314K	30x	as long as short
Nado XAG-PERP	+0.0159%	1h	65.411	+0.074%	$1.3M	$5.5M	10x	as long as short
Hibachi XAG/USDT-P	+0.0168%	1h	65.360	−0.003%	$20K	$19K	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.150	−0.324%	$1.6M	$1.3M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0204%	4h	65.430	+0.104%	$397K	$1.5M	25x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.420	+0.089%	$66K	$367K	20x	as long as short
Aftermath Perps XAGUSD	+0.0209%	1h	65.403	+0.063%	$79K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0214%	4h	65.540	+0.272%	$23.7M	$46.5M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0216%	8h	65.570	+0.318%	$27.8M	$69.9M	50x	as long as short
Bullet SILVER-USD	+0.0245%	1h	65.437	+0.115%	$43K	$76K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0366% / S −0.0361%	1h	65.435	+0.112%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0380%	4h	65.460	+0.150%	$2.6M	$627K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0471%	1h	65.418	+0.085%	$913K	$735K	25x	as long as short