Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+3.2000%/8h= +3504.0% APRpaid last 24h +0.177%

Price spread now: SunX against Hotstuff+0.062%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 SunX

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

Both sides work for this trade now. Funding pays +$960 a day on $10k at the current rate, and SunX is 0.062% 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	65.689	−3.2000	get 0.4000% / 1h	8m 21s	$39K	$26K	20x
Short	SunX XAG-USDT	65.730	0	get 0.0000% / 4h	1h 08m	$2K	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.062%Rate

Funding earned: $6,720
Price spread: +0.062% → 0.000%: $6.24
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: $6,713.24
Costs to cover: 0.130%
Break-even: 0.0 days

Slippage unknown: Hotstuff: no order-book sample; SunX: 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 SunX live order book, 2 min ago	29.67 bp	33.7 bp −$34	63.1 bp −$631	doesn't fit	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 exchanges

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	−3.2000%	1h	65.689	long leg	$39K	$26K	20x
dYdX XAG-USD	0.0000%	1h	65.705	+0.025%	$13K	$8K	5x	as long as short
Gate XAG_USDT	0.0000%	4h	65.780	+0.139%	$138.3M	$206.8M	100x	as long as short
SunX XAG-USDTshort	0.0000%	4h	65.730	+0.062%	$2K	$2.4M	20x
HTX XAG-USDT	0.0000%	4h	65.750	+0.093%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.740	+0.078%	$1.5M	$257K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.667	−0.033%	$119K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.774	+0.130%	$4.5M	$9.9M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.708	+0.030%	$5.1M	$11.9M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	64.602	−1.655%	$11K	$240	52x	as long as short

Show all 44 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	65.690	+0.002%	$790K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.189	+0.761%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.736	+0.072%	$3.8M	$905K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.664	−0.038%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	65.660	−0.044%	$5.6M	$11.2M	25x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.730	+0.062%	$447K	$1.4M	20x	as long as short
Paradex XAG-USD-PERP	+0.0053%	8h	65.745	+0.085%	$29K	—	5x	as long as short
Bybit XAGUSDT	+0.0061%	4h	65.770	+0.123%	$30.4M	$48.3M	150x	as long as short
Variational Omni XAG	+0.0068%	4h	65.678	−0.016%	$5.6M	$9.0M	—	as long as short
Aster XAGUSDT	+0.0086%	4h	65.770	+0.123%	$2.7M	$1.2M	100x	as long as short
tradeXYZ xyz:SILVER	+0.0087%	1h	65.738	+0.075%	$175.7M	$92.5M	25x	as long as short
Binance XAGUSDT	+0.0090%	4h	65.760	+0.108%	$191.1M	$863.3M	100x	as long as short
MEXC SILVER_USDT	+0.0090%	4h	65.760	+0.108%	$116.4M	$166.7M	1000x	as long as short
Aevo XAG-PERP	+0.0096%	1h	65.748	+0.090%	$47K	—	10x	as long as short
Pacifica XAG	+0.0100%	1h	65.720	+0.047%	$465K	$523K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.730	+0.062%	$25.4M	$4.4M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.660	−0.044%	$112K	$19K	50x	as long as short
edgeX XAGUSDC	+0.0102%	4h	65.689	0.000%	$670K	$313K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	65.620	−0.105%	$1.6M	$1.9M	20x	as long as short
Kalshi KXSILVERPERP	+0.0105%	24h	65.722	+0.050%	$774K	$39.2M	8.1x	as long as short
GRVT XAG_USDT_Perp	+0.0112%	4h	65.711	+0.034%	$390K	$1.6M	25x	as long as short
RISEx XAG/USDC	+0.0116%	1h	65.765	+0.116%	$1.3M	$5.4M	20x	as long as short
Nado XAG-PERP	+0.0119%	1h	65.729	+0.061%	$1.2M	$3.4M	10x	as long as short
Phoenix SILVER	+0.0122%	1h	65.666	−0.035%	$55K	$14K	25x	as long as short
Lighter XAG	+0.0152%	1h	65.763	+0.113%	$5.3M	$12.0M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0189%	8h	65.770	+0.123%	$28.0M	$85.9M	50x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0207%	1h	65.710	+0.032%	$77K	$413K	20x	as long as short
Aftermath Perps XAGUSD	+0.0223%	1h	65.691	+0.003%	$79K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0226%	4h	65.770	+0.123%	$23.2M	$53.0M	100x	as long as short
Bullet SILVER-USD	+0.0231%	1h	65.776	+0.132%	$45K	$73K	10x	as long as short
Hibachi XAG/USDT-P	+0.0232%	1h	65.680	−0.014%	$21K	$12K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0278% / S −0.0248%	1h	65.705	+0.024%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0332%	4h	65.730	+0.062%	$2.7M	$782K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0547%	1h	65.702	+0.020%	$1.0M	$947K	25x	as long as short