Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0116%/8h= −12.7% APRpaid last 24h −0.048%

Price spread now: Hotstuff against KuCoin−0.121%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on Hotstuff

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 against this trade now: funding costs −$3 a day on $10k at the current rate, and Hotstuff is 0.121% cheaper against KuCoin than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XAGUSDTM	65.160	0.0100	pay 0.0050% / 4h	13m 56s	$25.3M	$4.7M	75x
Short	Hotstuff SILVER-PERP	65.081	−0.0016	pay 0.0002% / 1h	13m 56s	$35K	$21K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against KuCoin. 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 KuCoinbpFee HotstuffbpOrdersPrice spread, now −0.121%Rate

Funding earned: −$24.36
Price spread: −0.121% → 0.000%: −$12.12
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$53.48
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 5 min ago; Hotstuff: 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 KuCoin live order book, 5 min ago	0.77 bp	8.4 bp −$8	16.7 bp −$167	doesn't fit	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

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
Ondo Perps XAG-USD.P	−0.0029%	1h	65.030	−0.200%	$5.6M	$9.8M	25x	as long as short
Hotstuff SILVER-PERPshort	−0.0016%	1h	65.081	−0.121%	$35K	$21K	20x
dYdX XAG-USD	0.0000%	1h	65.070	−0.138%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.220	+0.092%	$27.7M	$39.0M	150x	as long as short
Variational Omni XAG	0.0000%	4h	65.125	−0.054%	$5.5M	$9.1M	—	as long as short
SunX XAG-USDT	0.0000%	4h	65.170	+0.015%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.210	+0.077%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.180	+0.031%	$1.5M	$279K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.091	−0.106%	$118K	—	250x	as long as short
Gate XAG_USDT	+0.0026%	4h	65.200	+0.061%	$140.6M	$181.3M	100x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XAG	+0.0032%	1h	65.172	+0.019%	$4.6M	$9.9M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.137	−0.035%	$5.0M	$11.8M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.903%	$11K	$94K	52x	as long as short
MEXC SILVER_USDT	+0.0034%	4h	65.190	+0.046%	$126.7M	$162.0M	1000x	as long as short
Binance XAGUSDT	+0.0035%	4h	65.200	+0.061%	$191.5M	$755.8M	100x	as long as short
edgeX XAGUSDC	+0.0037%	4h	65.135	−0.039%	$663K	$314K	30x	as long as short
Aster XAGUSDT	+0.0039%	4h	65.200	+0.061%	$2.7M	$976K	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.110	−0.077%	$783K	$2.9M	40x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.140	−0.031%	$161K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.555	+0.606%	—	—	25x	as long as short
Aevo XAG-PERP	+0.0048%	1h	65.150	−0.015%	$47K	—	10x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.119	−0.063%	$3.8M	$892K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.095	−0.100%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0054%	8h	65.117	−0.066%	$29K	$1K	5x	as long as short
Phoenix SILVER	+0.0061%	1h	65.101	−0.091%	$56K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0069%	1h	65.164	+0.006%	$173.3M	$84.8M	25x	as long as short
Kalshi KXSILVERPERP	+0.0080%	24h	65.096	−0.098%	$482K	$32.2M	8.1x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	64.970	−0.292%	$1.6M	$1.4M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.071	−0.137%	$463K	$600K	10x	as long as short
KuCoin XAGUSDTMlong	+0.0100%	4h	65.160	long leg	$25.3M	$4.7M	75x
ApeX Omni XAGUSDT	+0.0100%	1h	65.070	−0.138%	$111K	$19K	50x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.156	−0.007%	$1.2M	$4.8M	20x	as long as short
BloFin XAG-USDT	+0.0139%	4h	65.100	−0.092%	$2.7M	$624K	100x	as long as short
GRVT XAG_USDT_Perp	+0.0142%	4h	65.140	−0.031%	$394K	$1.6M	25x	as long as short
Bitget XAGUSDT	+0.0160%	4h	65.210	+0.077%	$23.2M	$44.9M	100x	as long as short
Nado XAG-PERP	+0.0160%	1h	65.082	−0.119%	$1.2M	$4.7M	10x	as long as short
OKX XAG-USDT-SWAP	+0.0172%	8h	65.210	+0.077%	$28.4M	$70.4M	50x	as long as short
Lighter XAG	+0.0184%	1h	65.172	+0.018%	$5.3M	$11.3M	25x	as long as short
Aftermath Perps XAGUSD	+0.0193%	1h	65.105	−0.085%	$78K	$37K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0211%	1h	65.140	−0.031%	$65K	$396K	20x	as long as short
Hibachi XAG/USDT-P	+0.0232%	1h	65.060	−0.154%	$20K	$17K	10x	as long as short
Bullet SILVER-USD	+0.0235%	1h	65.169	+0.013%	$45K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.115	−0.069%	$92K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0364%	1h	65.134	−0.039%	$1.0M	$869K	25x	as long as short