Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0056%/8h= −6.1% APRpaid last 24h −0.047%

Price spread now: Hotstuff against MEXC−0.038%7-day average — · you buy dearer than you sell

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

Long on MEXC Short on Hotstuff

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 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Hotstuff is 0.038% cheaper against MEXC than usual: you would sell low and buy high (−$4 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	MEXC SILVER_USDT	66.470	0.0120	pay 0.0060% / 4h	23m 11s	$114.9M	$153.2M	1000x
Short	Hotstuff SILVER-PERP	66.445	0.0064	get 0.0008% / 1h	23m 11s	$35K	$21K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against MEXC. 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 MEXCbpFee HotstuffbpOrdersPrice spread, now −0.038%Rate

Funding earned: −$11.76
Price spread: −0.038% → 0.000%: −$3.76
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$20.52
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 1 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 MEXC live order book, 1 min ago	0.75 bp	0.8 bp −$1	0.8 bp −$8	0.8 bp −$75	2.7 bp −$1,366
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
dYdX XAG-USD	0.0000%	1h	66.430	−0.060%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.490	+0.030%	$26.2M	$34.5M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.480	+0.015%	$154.4M	$173.3M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.490	+0.030%	$2K	$3.0M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.510	+0.060%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.510	+0.060%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.419	−0.077%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.474	+0.006%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.418	−0.078%	$5.5M	$12.2M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.105%	$11K	$94K	52x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix SILVER	+0.0036%	1h	66.409	−0.092%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	66.420	−0.075%	$795K	$2.7M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.924	+0.683%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.454	−0.024%	$3.9M	$699K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.419	−0.077%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.390	−0.120%	$5.7M	$10.0M	25x	as long as short
Kalshi KXSILVERPERP	+0.0060%	24h	66.442	−0.042%	$594K	$21.4M	8.1x	as long as short
QFEX SILVER-USD	+0.0061%	1h	66.470	0.000%	$124K	$2.8M	20x	as long as short
Hotstuff SILVER-PERPshort	+0.0064%	1h	66.445	−0.038%	$35K	$21K	20x
tradeXYZ xyz:SILVER	+0.0074%	1h	66.443	−0.041%	$165.6M	$86.8M	25x	as long as short
Variational Omni XAG	+0.0100%	4h	66.457	−0.019%	$5.6M	$10.1M	—	as long as short
Pacifica XAG	+0.0100%	1h	66.433	−0.056%	$480K	$618K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.440	−0.045%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.420	−0.075%	$126K	$26K	50x	as long as short
Paradex XAG-USD-PERP	+0.0109%	8h	66.470	0.000%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0112%	4h	66.488	+0.027%	$2.8M	$1.1M	100x	as long as short
Lighter XAG	+0.0120%	1h	66.477	+0.010%	$5.2M	$10.4M	25x	as long as short
MEXC SILVER_USDTlong	+0.0120%	4h	66.470	long leg	$114.9M	$153.2M	1000x
Aevo XAG-PERP	+0.0120%	1h	66.485	+0.022%	$48K	—	10x	as long as short
Binance XAGUSDT	+0.0121%	4h	66.490	+0.030%	$192.5M	$723.4M	100x	as long as short
edgeX XAGUSDC	+0.0128%	4h	66.480	+0.014%	$674K	$314K	30x	as long as short
Bitget XAGUSDT	+0.0144%	4h	66.490	+0.030%	$24.3M	$48.2M	100x	as long as short
BloFin XAG-USDT	+0.0146%	4h	66.500	+0.045%	$2.6M	$651K	100x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0160%	1h	66.410	−0.090%	$1.9M	$853K	20x	as long as short
Aftermath Perps XAGUSD	+0.0167%	1h	66.409	−0.092%	$80K	$40K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0174%	4h	66.458	−0.019%	$396K	$1.5M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0195%	8h	66.490	+0.030%	$27.9M	$66.6M	50x	as long as short
RISEx XAG/USDC	+0.0208%	1h	66.491	+0.032%	$1.3M	$4.2M	20x	as long as short
Bullet SILVER-USD	+0.0256%	1h	66.493	+0.034%	$45K	$76K	10x	as long as short
Nado XAG-PERP	+0.0259%	1h	66.433	−0.055%	$1.3M	$6.6M	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.485	+0.023%	$103K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0296%	1h	66.426	−0.066%	$20K	$22K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0503%	1h	66.480	+0.015%	$50K	$369K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0596%	1h	66.452	−0.026%	$762K	$586K	25x	as long as short