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Funding arb · Price arb /

XAG

RWAall XAG markets
SwapBacktest
Alert: funding
Measured
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Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 09:00 UTC−0.0088%/8h= −9.6% APRpaid last 24h +0.018%
Price spread now: Phemex against Hotstuff+0.100%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on HotstuffShort on Phemex
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. Phemex is 0.100% dearer against Hotstuff than usual: you sell high and buy low (spread +0.100% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.8 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff SILVER-PERP64.8050.0088pay 0.0011% / 1h33m 17s$34K$21K20x
ShortPhemex XAGUSDT64.8700get 0.0000% / 4h3h 33m$1.4M$317K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex 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

Funding earned
−$18.48
Price spread: +0.100% → 0.000%
$10.03
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$25.45
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Hotstuff: no order-book sample; Phemex: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hotstuff no order-book sample—————
Sell Phemex live order book, 5 min ago1.54 bp12.0 bp −$1218.5 bp −$185doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX XAG-USD0.0000%1h64.799−0.010%$12K$6K5xas long as short
SunX XAG-USDT0.0000%4h64.860+0.085%$2K$2.4M20xas long as short
HTX XAG-USDT0.0000%4h64.890+0.131%$1.1M$1.3M75xas long as short
Phemex XAGUSDTshort0.0000%4h64.870+0.100%$1.4M$317K100x
Gate XAG_USDT+0.0002%4h64.850+0.069%$138.5M$183.5M100xas long as short
gTrade (Gains Network) XAG/USDL +0.0004% / S −0.0006%1h64.866+0.094%$117K—250xas long as short
Variational Omni XAG+0.0015%4h64.904+0.153%$5.3M$9.1M—as long as short
Lighter RH XAG+0.0032%1h64.830+0.038%$4.6M$9.8M25xas long as short
Extended XAG-USD+0.0032%1h64.774−0.048%$5.0M$12.1M10xas long as short
Injective XAG/USDC PERP+0.0033%1h66.400+2.461%$11K$94K52xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
StandX XAG-USD+0.0040%1h64.920+0.177%$781K$3.0M40xas long as short
Vest SI-PERP+0.0046%1h65.261+0.704%——25xas long as short
QFEX SILVER-USD+0.0047%1h64.840+0.054%$446K$1.5M20xas long as short
Polymarket Perps SILVER-USD+0.0050%1h64.769−0.056%$3.8M$890K20xas long as short
SoDEX SILVER-USD+0.0050%1h64.782−0.035%$3K$6K20xas long as short
Ondo Perps XAG-USD.P+0.0050%1h64.740−0.100%$5.6M$9.9M25xas long as short
MEXC SILVER_USDT+0.0054%4h64.830+0.039%$120.3M$158.3M1000xas long as short
Binance XAGUSDT+0.0056%4h64.847+0.065%$196.8M$776.8M100xas long as short
Paradex XAG-USD-PERP+0.0061%8h64.796−0.015%$29K$1665xas long as short
edgeX XAGUSDC+0.0061%4h64.915+0.170%$661K$314K30xas long as short
Aster XAGUSDT+0.0071%4h64.858+0.082%$2.6M$996K100xas long as short
Aevo XAG-PERP+0.0072%1h64.837+0.049%$47K—10xas long as short
Coinbase International SILVER-PERP-INTX+0.0080%1h64.790−0.023%$1.6M$1.4M20xas long as short
Kalshi KXSILVERPERP+0.0085%24h64.815+0.015%$484K$34.5M8.1xas long as short
Hotstuff SILVER-PERPlong+0.0088%1h64.805long leg$34K$21K20x
Pacifica XAG+0.0100%1h64.781−0.037%$462K$592K10xas long as short
KuCoin XAGUSDTM+0.0100%4h64.800−0.008%$25.1M$4.5M75xas long as short
ApeX Omni XAGUSDT+0.0100%1h64.870+0.100%$111K$19K50xas long as short
Phoenix SILVER+0.0111%1h64.908+0.159%$55K$31K25xas long as short
tradeXYZ xyz:SILVER+0.0135%1h64.8050.000%$173.5M$87.5M25xas long as short
GRVT XAG_USDT_Perp+0.0152%4h64.934+0.200%$390K$1.5M25xas long as short
RISEx XAG/USDC+0.0158%1h64.846+0.064%$1.2M$4.9M20xas long as short
Nado XAG-PERP+0.0158%1h64.798−0.011%$1.2M$4.2M10xas long as short
Bitget XAGUSDT+0.0192%4h64.850+0.069%$23.2M$46.5M100xas long as short
Bybit XAGUSDT+0.0193%4h64.870+0.100%$29.3M$42.5M150xas long as short
OKX XAG-USDT-SWAP+0.0194%8h64.850+0.069%$28.7M$73.3M50xas long as short
Aftermath Perps XAGUSD+0.0220%1h64.869+0.099%$78K$37K10xas long as short
BloFin XAG-USDT+0.0223%4h64.850+0.069%$2.7M$653K100xas long as short
Lighter XAG+0.0224%1h64.851+0.072%$5.2M$11.0M25xas long as short
GMX SILVER/USD [ETH-USDC]L +0.0237% / S −0.0196%1h64.845+0.062%$92K—111xas long as short
Bullet SILVER-USD+0.0300%1h64.842+0.057%$45K$75K10xas long as short
Hibachi XAG/USDT-P+0.0344%1h64.870+0.100%$20K$15K10xas long as short
Deribit SILVER_USDC-PERPETUAL+0.0367%1h64.830+0.039%$76K$430K20xas long as short
Kraken Futures PF_XAGUSD+0.0420%1h64.811+0.010%$1.0M$890K25xas long as short