Funding arb · Price arb /

XAG

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.029%

Price spread now: StandX against Hotstuff−0.008%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hotstuff Short on StandX

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 · StandX: Active · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff SILVER-PERP	66.185	0.0040	pay 0.0005% / 1h	19m 02s	$35K	$21K	20x
Short	StandX XAG-USD	66.180	0.0040	get 0.0005% / 1h	19m 02s	$796K	$3.1M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now −0.008%Rate

Funding earned: $0
Price spread: −0.008% → 0.000%: −$0.76
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee StandX: 4 bp × 2 orders: −$8
Net: −$13.76
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Hotstuff: no order-book sample; StandX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Hotstuff no order-book sample	—	—	—	—	—
Sell StandX live order book, 5 min ago	3.02 bp	8.5 bp −$9	11.4 bp −$114	33.8 bp −$3,375	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 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	66.141	−0.066%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.210	+0.038%	$150.2M	$163.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.190	+0.008%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.230	+0.068%	$1.0M	$971K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.200	+0.023%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.131	−0.082%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.186	+0.001%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.131	−0.082%	$5.2M	$11.6M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.325%	$11K	$94K	52x	as long as short
Hotstuff SILVER-PERPlong	+0.0040%	1h	66.185	long leg	$35K	$21K	20x

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USDshort	+0.0040%	1h	66.180	−0.008%	$796K	$3.1M	40x
Ondo Perps XAG-USD.P	+0.0041%	1h	66.100	−0.128%	$5.7M	$9.6M	25x	as long as short
Vest SI-PERP	+0.0046%	1h	66.632	+0.675%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.162	−0.035%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.130	−0.083%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.170	−0.023%	$115K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0060%	1h	66.143	−0.063%	$56K	$26K	25x	as long as short
Kalshi KXSILVERPERP	+0.0070%	24h	66.180	−0.008%	$545K	$25.4M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	66.137	−0.073%	$471K	$615K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.170	−0.023%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.120	−0.098%	$113K	$30K	50x	as long as short
tradeXYZ xyz:SILVER	+0.0123%	1h	66.168	−0.026%	$166.0M	$74.2M	25x	as long as short
RISEx XAG/USDC	+0.0137%	1h	66.196	+0.016%	$1.3M	$4.5M	20x	as long as short
Paradex XAG-USD-PERP	+0.0142%	8h	66.180	−0.008%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0144%	4h	66.202	+0.026%	$2.7M	$877K	100x	as long as short
Bybit XAGUSDT	+0.0164%	4h	66.210	+0.038%	$27.0M	$36.0M	150x	as long as short
Lighter XAG	+0.0176%	1h	66.190	+0.008%	$5.2M	$10.7M	25x	as long as short
Aevo XAG-PERP	+0.0192%	1h	66.196	+0.017%	$48K	—	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.170	−0.023%	$1.8M	$1.0M	20x	as long as short
Nado XAG-PERP	+0.0205%	1h	66.156	−0.044%	$1.4M	$6.4M	10x	as long as short
Variational Omni XAG	+0.0206%	4h	66.183	−0.003%	$5.6M	$9.6M	—	as long as short
MEXC SILVER_USDT	+0.0212%	4h	66.180	−0.008%	$110.0M	$152.7M	1000x	as long as short
Binance XAGUSDT	+0.0212%	4h	66.200	+0.023%	$192.6M	$700.7M	100x	as long as short
Aftermath Perps XAGUSD	+0.0218%	1h	66.161	−0.036%	$80K	$36K	10x	as long as short
edgeX XAGUSDC	+0.0228%	4h	66.187	+0.003%	$672K	$311K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0231%	8h	66.200	+0.023%	$27.8M	$65.2M	50x	as long as short
BloFin XAG-USDT	+0.0243%	4h	66.200	+0.023%	$2.6M	$555K	100x	as long as short
Bitget XAGUSDT	+0.0258%	4h	66.190	+0.008%	$23.9M	$45.3M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0278%	4h	66.198	+0.020%	$389K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0289%	1h	66.203	+0.027%	$44K	$76K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0355%	1h	66.180	−0.008%	$62K	$349K	20x	as long as short
Hibachi XAG/USDT-P	+0.0360%	1h	66.140	−0.068%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0383% / S −0.0424%	1h	66.205	+0.030%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0484%	1h	66.172	−0.020%	$913K	$680K	25x	as long as short