Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0082%/8h= +9.0% APRpaid last 24h −0.038%

Price spread now: Hotstuff against Paradex−0.142%7-day average — · you buy dearer than you sell

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

Long on Paradex 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 airdropParadex: Active · Hotstuff: Active · farm boardneeds both histories

Funding pays, the price is against you. Hotstuff is 0.142% cheaper against Paradex than usual: you would sell low and buy high (spread −0.142% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 5.7 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XAG-USD-PERP	66.411	0.0142	pay 0.0142% / 8h	5h 57m	$30K	$1K	5x
Short	Hotstuff SILVER-PERP	66.317	0.0224	get 0.0028% / 1h	57m 12s	$35K	$21K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Paradex. 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 ParadexbpFee HotstuffbpOrdersPrice spread, now −0.142%Rate

Funding earned: $17.32
Price spread: −0.142% → 0.000%: −$14.19
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$5.87
Costs to cover: 0.090%
Break-even: 9.4 days

Slippage unknown: Paradex: no order-book sample; 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 Paradex no order-book sample	—	—	—	—	—
Sell Hotstuff no order-book sample	—	—	—	—	—

Paradex and 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 43 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	66.359	−0.079%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.430	+0.028%	$152.2M	$161.3M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.410	−0.002%	$2K	$2.8M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.430	+0.028%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.420	+0.013%	$1.5M	$250K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.351	−0.091%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.404	−0.012%	$4.8M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.349	−0.094%	$5.3M	$12.2M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.017%	$11K	$94K	52x	as long as short
Ondo Perps XAG-USD.P	+0.0039%	1h	66.310	−0.152%	$5.7M	$9.7M	25x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	66.440	+0.043%	$799K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.845	+0.653%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.307	−0.157%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.376	−0.053%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.345	−0.100%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.390	−0.032%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0063%	24h	66.380	−0.047%	$540K	$24.5M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	66.361	−0.076%	$472K	$607K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.370	−0.062%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.290	−0.183%	$113K	$30K	50x	as long as short
tradeXYZ xyz:SILVER	+0.0118%	1h	66.385	−0.040%	$166.1M	$75.7M	25x	as long as short
Aster XAGUSDT	+0.0141%	4h	66.420	+0.013%	$2.8M	$941K	100x	as long as short
Paradex XAG-USD-PERPlong	+0.0142%	8h	66.411	long leg	$30K	$1K	5x
Bybit XAGUSDT	+0.0148%	4h	66.430	+0.028%	$26.7M	$36.2M	150x	as long as short
Lighter XAG	+0.0152%	1h	66.406	−0.007%	$5.3M	$10.4M	25x	as long as short
Variational Omni XAG	+0.0176%	4h	66.333	−0.117%	$5.5M	$9.8M	—	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.406	−0.008%	$48K	—	10x	as long as short
RISEx XAG/USDC	+0.0181%	1h	66.426	+0.023%	$1.3M	$4.4M	20x	as long as short
MEXC SILVER_USDT	+0.0190%	4h	66.420	+0.013%	$111.7M	$151.6M	1000x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.320	−0.137%	$1.9M	$971K	20x	as long as short
Binance XAGUSDT	+0.0192%	4h	66.420	+0.013%	$192.4M	$707.2M	100x	as long as short
edgeX XAGUSDC	+0.0197%	4h	66.335	−0.115%	$673K	$315K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0218%	8h	66.410	−0.002%	$27.9M	$65.8M	50x	as long as short
Hotstuff SILVER-PERPshort	+0.0224%	1h	66.317	−0.142%	$35K	$21K	20x
Hibachi XAG/USDT-P	+0.0224%	1h	66.338	−0.111%	$20K	$22K	10x	as long as short
Aftermath Perps XAGUSD	+0.0234%	1h	66.329	−0.124%	$80K	$38K	10x	as long as short
Nado XAG-PERP	+0.0255%	1h	66.365	−0.069%	$1.3M	$6.6M	10x	as long as short
Bitget XAGUSDT	+0.0256%	4h	66.410	−0.002%	$23.9M	$46.1M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0280%	4h	66.367	−0.067%	$398K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0315%	1h	66.434	+0.035%	$46K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0328% / S −0.0337%	1h	66.425	+0.021%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0503%	1h	66.410	−0.002%	$50K	$326K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0549%	1h	66.380	−0.048%	$765K	$478K	25x	as long as short