Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0181%/8h= +19.8% APRpaid last 24h +0.046%

Price spread now: OKX against Hotstuff+0.123%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 OKX

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 for this trade now. Funding pays +$5 a day on $10k at the current rate, and OKX is 0.123% dearer against Hotstuff than usual: you sell high and buy low: +$12 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	66.019	−0.0040	get 0.0005% / 1h	1m 23s	$35K	$21K	20x
Short	OKX XAG-USDT-SWAP	66.100	0.0141	get 0.0141% / 8h	2h 01m	$27.4M	$69.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.123%Rate

Funding earned: $37.96
Price spread: +0.123% → 0.000%: $12.27
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: $35.23
Costs to cover: 0.150%
Break-even: 0.5 days

Slippage unknown: Hotstuff: no order-book sample; OKX: 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 OKX live order book, 2 min ago	0.76 bp	6.0 bp −$6	8.9 bp −$89	15.5 bp −$1,548	115.0 bp −$57.5K

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
Hotstuff SILVER-PERPlong	−0.0040%	1h	66.019	long leg	$35K	$21K	20x
BloFin XAG-USDT	−0.0003%	4h	66.040	+0.032%	$2.6M	$1.2M	100x	as long as short
Nado XAG-PERP	−0.0002%	1h	66.075	+0.084%	$1.3M	$6.5M	10x	as long as short
dYdX XAG-USD	0.0000%	1h	66.057	+0.058%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.090	+0.108%	$25.6M	$35.7M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.080	+0.092%	$146.9M	$185.9M	100x	as long as short
GRVT XAG_USDT_Perp	0.0000%	4h	66.047	+0.042%	$392K	$1.6M	25x	as long as short
Bullet SILVER-USD	0.0000%	1h	66.095	+0.116%	$44K	$74K	10x	as long as short
SunX XAG-USDT	0.0000%	4h	66.070	+0.077%	$2K	$3.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.080	+0.092%	$1.0M	$1.2M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex XAGUSDT	0.0000%	4h	66.090	+0.108%	$1.5M	$248K	100x	as long as short
Aftermath Perps XAGUSD	+0.0010%	1h	66.034	+0.023%	$79K	$40K	10x	as long as short
Aster XAGUSDT	+0.0011%	4h	66.050	+0.047%	$2.8M	$1.1M	100x	as long as short
Bitget XAGUSDT	+0.0014%	4h	66.080	+0.092%	$23.6M	$51.8M	100x	as long as short
Lighter XAG	+0.0032%	1h	66.051	+0.049%	$5.1M	$11.5M	25x	as long as short
Lighter RH XAG	+0.0032%	1h	66.052	+0.050%	$4.4M	$10.0M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.028	+0.014%	$5.3M	$14.8M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.577%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.030	+0.017%	$790K	$2.8M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.583	+0.854%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.025	+0.009%	$163.7M	$95.7M	25x	as long as short
MEXC SILVER_USDT	+0.0050%	4h	66.080	+0.092%	$122.1M	$192.8M	1000x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.031	+0.018%	$3.9M	$742K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.013	−0.009%	$4K	$5K	20x	as long as short
Binance XAGUSDT	+0.0050%	4h	66.101	+0.124%	$190.2M	$783.5M	100x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.030	+0.017%	$5.4M	$9.7M	25x	as long as short
edgeX XAGUSDC	+0.0052%	4h	66.085	+0.099%	$670K	$315K	30x	as long as short
Kalshi KXSILVERPERP	+0.0055%	24h	66.025	+0.009%	$637K	$21.7M	8.1x	as long as short
Variational Omni XAG	+0.0057%	4h	66.002	−0.026%	$5.3M	$11.3M	—	as long as short
Aevo XAG-PERP	+0.0064%	1h	66.068	+0.074%	$47K	—	10x	as long as short
Phoenix SILVER	+0.0073%	1h	66.019	0.000%	$56K	$26K	25x	as long as short
QFEX SILVER-USD	+0.0080%	1h	66.060	+0.062%	$143K	$2.8M	20x	as long as short
Paradex XAG-USD-PERP	+0.0096%	8h	66.071	+0.078%	$30K	$1K	5x	as long as short
Pacifica XAG	+0.0100%	1h	66.043	+0.036%	$472K	$645K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.050	+0.047%	$24.2M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.030	+0.017%	$112K	$85K	50x	as long as short
OKX XAG-USDT-SWAPshort	+0.0141%	8h	66.100	+0.123%	$27.4M	$69.9M	50x
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.040	+0.032%	$1.9M	$1.2M	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0356%	1h	66.090	+0.108%	$76K	$347K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0359% / S −0.0369%	1h	66.105	+0.130%	$103K	—	29x	as long as short
RISEx XAG/USDC	+0.0432%	1h	66.093	+0.113%	$1.3M	$4.3M	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0614%	1h	66.054	+0.053%	$776K	$610K	25x	as long as short