Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0101%/8h= +11.1% APRpaid last 24h +0.046%

Price spread now: Paradex against Hotstuff+0.061%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 Paradex

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 · Paradex: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Paradex is 0.061% 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	66.335	0.0016	pay 0.0002% / 1h	8m 05s	$35K	$21K	20x
Short	Paradex XAG-USD-PERP	66.376	0.0117	get 0.0117% / 8h	1h 08m	$30K	$1K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.061%Rate

Funding earned: $21.26
Price spread: +0.061% → 0.000%: $6.13
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Paradex: 2 bp × 2 orders: −$4
Net: $18.4
Costs to cover: 0.090%
Break-even: 0.9 days

Slippage unknown: Hotstuff: no order-book sample; Paradex: 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 Paradex no order-book sample	—	—	—	—	—

Hotstuff and Paradex: 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
Kraken Futures PF_XAGUSD	−0.0271%	1h	66.360	+0.038%	$768K	$569K	25x	as long as short
dYdX XAG-USD	0.0000%	1h	66.297	−0.057%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.400	+0.098%	$25.7M	$33.5M	150x	as long as short
RISEx XAG/USDC	0.0000%	1h	66.393	+0.087%	$1.3M	$4.2M	20x	as long as short
Gate XAG_USDT	0.0000%	4h	66.380	+0.068%	$146.5M	$173.8M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.400	+0.098%	$2K	$3.1M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.390	+0.083%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.390	+0.083%	$1.5M	$249K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.321	−0.021%	$120K	—	250x	as long as short
Hotstuff SILVER-PERPlong	+0.0016%	1h	66.335	long leg	$35K	$21K	20x

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX SILVER-USD	+0.0016%	1h	66.370	+0.053%	$124K	$2.8M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	66.375	+0.061%	$4.8M	$9.8M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.322	−0.019%	$5.5M	$12.4M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.098%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.320	−0.023%	$794K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.821	+0.733%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.350	+0.023%	$3.9M	$699K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.320	−0.023%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.290	−0.068%	$5.7M	$10.0M	25x	as long as short
tradeXYZ xyz:SILVER	+0.0054%	1h	66.341	+0.009%	$165.3M	$88.2M	25x	as long as short
Kalshi KXSILVERPERP	+0.0058%	24h	66.334	−0.002%	$588K	$21.4M	8.1x	as long as short
Phoenix SILVER	+0.0073%	1h	66.292	−0.065%	$56K	$26K	25x	as long as short
Variational Omni XAG	+0.0073%	4h	66.326	−0.013%	$5.5M	$10.5M	—	as long as short
Bitget XAGUSDT	+0.0078%	4h	66.390	+0.083%	$24.0M	$47.9M	100x	as long as short
Aster XAGUSDT	+0.0079%	4h	66.370	+0.053%	$2.8M	$1.0M	100x	as long as short
MEXC SILVER_USDT	+0.0090%	4h	66.380	+0.068%	$123.4M	$182.6M	1000x	as long as short
Binance XAGUSDT	+0.0091%	4h	66.390	+0.083%	$190.5M	$729.1M	100x	as long as short
Aevo XAG-PERP	+0.0096%	1h	66.382	+0.071%	$48K	—	10x	as long as short
Pacifica XAG	+0.0100%	1h	66.327	−0.012%	$474K	$625K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.360	+0.038%	$24.4M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.210	−0.188%	$113K	$19K	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	66.220	−0.173%	$1.9M	$861K	20x	as long as short
edgeX XAGUSDC	+0.0105%	4h	66.317	−0.028%	$673K	$314K	30x	as long as short
BloFin XAG-USDT	+0.0109%	4h	66.330	−0.008%	$2.5M	$848K	100x	as long as short
Paradex XAG-USD-PERPshort	+0.0117%	8h	66.376	+0.061%	$30K	$1K	5x
GRVT XAG_USDT_Perp	+0.0126%	4h	66.280	−0.083%	$395K	$1.4M	25x	as long as short
Aftermath Perps XAGUSD	+0.0129%	1h	66.268	−0.100%	$80K	$40K	10x	as long as short
Lighter XAG	+0.0136%	1h	66.377	+0.063%	$5.2M	$11.0M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0179%	8h	66.390	+0.083%	$27.4M	$66.5M	50x	as long as short
Hibachi XAG/USDT-P	+0.0192%	1h	66.310	−0.037%	$20K	$22K	10x	as long as short
Nado XAG-PERP	+0.0218%	1h	66.336	+0.002%	$1.3M	$6.5M	10x	as long as short
Bullet SILVER-USD	+0.0269%	1h	66.404	+0.104%	$45K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0303% / S −0.0300%	1h	66.395	+0.090%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0353%	1h	66.370	+0.053%	$51K	$359K	20x	as long as short