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Funding arb · Price arb /

XAG

RWAall XAG markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 10:00 UTC+0.0056%/8h= +6.1% APRpaid last 24h −0.018%
Price spread now: Hotstuff against Phemex−0.118%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on PhemexShort 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
Funding pays, the price is against you. Hotstuff is 0.118% cheaper against Phemex than usual: you would sell low and buy high (spread −0.118% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 7.0 days of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex XAGUSDT65.4900get 0.0000% / 4h2h 55m$1.5M$253K100x
ShortHotstuff SILVER-PERP65.4130.0056get 0.0007% / 1h55m 34s$36K$22K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against Phemex. 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

Funding earned
$11.76
Price spread: −0.118% → 0.000%
−$11.76
Slippage, 4 orders
no order book: not counted
Fee Phemex: 6 bp × 2 orders
−$12
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$17
Costs to cover
0.170%
Break-even
17.1 days
Slippage unknown: Phemex: live order book, 2 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
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 2 min ago2.29 bp9.8 bp −$1014.2 bp −$142doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective XAG/USDC PERP−0.0220%1h64.602−1.356%$11K$24052xas long as short
Ondo Perps XAG-USD.P−0.0066%1h65.360−0.199%$5.7M$10.2M25xas long as short
dYdX XAG-USD0.0000%1h65.422−0.104%$12K$6K5xas long as short
Gate XAG_USDT0.0000%4h65.410−0.122%$137.3M$192.2M100xas long as short
SunX XAG-USDT0.0000%4h65.470−0.031%$2K$2.5M20xas long as short
HTX XAG-USDT0.0000%4h65.510+0.031%$1.1M$1.3M75xas long as short
Phemex XAGUSDTlong0.0000%4h65.490long leg$1.5M$253K100x
gTrade (Gains Network) XAG/USDL +0.0004% / S −0.0006%1h65.591+0.155%$119K—250xas long as short
Lighter RH XAG+0.0032%1h65.394−0.146%$4.5M$9.3M25xas long as short
Extended XAG-USD+0.0032%1h65.362−0.196%$5.0M$12.0M10xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
StandX XAG-USD+0.0040%1h65.510+0.031%$788K$3.0M40xas long as short
Vest SI-PERP+0.0046%1h65.838+0.531%——25xas long as short
tradeXYZ xyz:SILVER+0.0050%1h65.415−0.115%$173.9M$92.5M25xas long as short
Polymarket Perps SILVER-USD+0.0050%1h65.355−0.206%$3.8M$890K20xas long as short
SoDEX SILVER-USD+0.0050%1h65.421−0.105%$3K$6K20xas long as short
Deribit SILVER_USDC-PERPETUAL+0.0056%1h65.450−0.061%$77K$436K20xas long as short
Hotstuff SILVER-PERPshort+0.0056%1h65.413−0.118%$36K$22K20x
QFEX SILVER-USD+0.0062%1h65.400−0.137%$434K$1.5M20xas long as short
Variational Omni XAG+0.0075%4h65.472−0.027%$5.5M$9.2M—as long as short
Paradex XAG-USD-PERP+0.0076%8h65.385−0.160%$29K$1665xas long as short
Coinbase International SILVER-PERP-INTX+0.0088%1h65.550+0.092%$1.6M$1.6M20xas long as short
Kalshi KXSILVERPERP+0.0090%24h65.598+0.165%$659K$36.2M8.1xas long as short
Pacifica XAG+0.0100%1h65.384−0.162%$465K$588K10xas long as short
KuCoin XAGUSDTM+0.0100%4h65.420−0.107%$25.3M$4.6M75xas long as short
ApeX Omni XAGUSDT+0.0100%1h65.520+0.046%$112K$19K50xas long as short
Phoenix SILVER+0.0111%1h65.478−0.018%$56K$13K25xas long as short
Nado XAG-PERP+0.0112%1h65.374−0.177%$1.2M$4.2M10xas long as short
Binance XAGUSDT+0.0117%4h65.394−0.147%$193.1M$826.2M100xas long as short
MEXC SILVER_USDT+0.0118%4h65.410−0.122%$117.0M$161.0M1000xas long as short
Aevo XAG-PERP+0.0120%1h65.497+0.010%$47K—10xas long as short
edgeX XAGUSDC+0.0129%4h65.542+0.079%$668K$313K30xas long as short
Aster XAGUSDT+0.0131%4h65.405−0.130%$2.7M$1.1M100xas long as short
Bullet SILVER-USD+0.0167%1h65.492+0.004%$45K$75K10xas long as short
Lighter XAG+0.0176%1h65.442−0.074%$5.1M$11.3M25xas long as short
Aftermath Perps XAGUSD+0.0199%1h65.506+0.024%$79K$37K10xas long as short
RISEx XAG/USDC+0.0206%1h65.511+0.033%$1.2M$4.9M20xas long as short
OKX XAG-USDT-SWAP+0.0208%8h65.390−0.153%$28.2M$81.1M50xas long as short
Bybit XAGUSDT+0.0222%4h65.400−0.137%$30.6M$45.2M150xas long as short
Bitget XAGUSDT+0.0228%4h65.390−0.153%$23.0M$49.5M100xas long as short
GMX SILVER/USD [ETH-USDC]L +0.0238% / S −0.0196%1h65.495+0.008%$93K—111xas long as short
GRVT XAG_USDT_Perp+0.0264%4h65.550+0.091%$396K$1.6M25xas long as short
Hibachi XAG/USDT-P+0.0352%1h65.435−0.084%$21K$12K10xas long as short
BloFin XAG-USDT+0.0359%4h65.560+0.107%$2.7M$710K100xas long as short
Kraken Futures PF_XAGUSD+0.0774%1h65.455−0.054%$1.0M$893K25xas long as short