Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0160%/8h= +17.5% APRpaid last 24h −0.016%

Price spread now: Hotstuff against SunX+0.009%7-day average — · you sell dearer than you buy

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

Long on SunX 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XAG-USDT	65.380	0	get 0.0000% / 4h	2h 15m	$2K	$2.6M	20x
Short	Hotstuff SILVER-PERP	65.386	0.0160	get 0.0020% / 1h	15m 19s	$35K	$21K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against SunX. 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 SunXbpFee HotstuffbpOrdersPrice spread, now +0.009%Rate

Funding earned: $33.6
Price spread: +0.009% → 0.000%: $0.92
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: $21.52
Costs to cover: 0.130%
Break-even: 2.5 days

Slippage unknown: SunX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SunX live order book, 2 min ago	29.80 bp	33.8 bp −$34	doesn't fit	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
dYdX XAG-USD	0.0000%	1h	65.342	−0.058%	$12K	$5K	5x	as long as short
SunX XAG-USDTlong	0.0000%	4h	65.380	long leg	$2K	$2.6M	20x
HTX XAG-USDT	0.0000%	4h	65.410	+0.046%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.420	+0.061%	$1.5M	$280K	100x	as long as short
Ondo Perps XAG-USD.P	+0.0001%	1h	65.300	−0.122%	$5.6M	$9.6M	25x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.320	−0.093%	$118K	—	250x	as long as short
RISEx XAG/USDC	+0.0030%	1h	65.418	+0.059%	$1.2M	$5.0M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	65.378	−0.004%	$4.7M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.328	−0.080%	$5.1M	$11.7M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.560%	$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	65.388	+0.012%	$56K	$26K	25x	as long as short
StandX XAG-USD	+0.0040%	1h	65.420	+0.061%	$787K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.822	+0.676%	—	—	25x	as long as short
Gate XAG_USDT	+0.0050%	4h	65.400	+0.031%	$146.3M	$177.7M	100x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.368	−0.018%	$3.9M	$712K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.323	−0.087%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0051%	1h	65.400	+0.031%	$156K	$2.8M	20x	as long as short
Paradex XAG-USD-PERP	+0.0065%	8h	65.393	+0.020%	$29K	$1K	5x	as long as short
Kalshi KXSILVERPERP	+0.0076%	24h	65.378	−0.003%	$501K	$28.9M	8.1x	as long as short
tradeXYZ xyz:SILVER	+0.0079%	1h	65.364	−0.024%	$170.3M	$82.3M	25x	as long as short
Aster XAGUSDT	+0.0090%	4h	65.402	+0.034%	$2.7M	$953K	100x	as long as short
Pacifica XAG	+0.0100%	1h	65.361	−0.029%	$466K	$626K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.360	−0.031%	$24.6M	$4.8M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.380	0.000%	$112K	$30K	50x	as long as short
Bybit XAGUSDT	+0.0116%	4h	65.420	+0.061%	$28.7M	$39.9M	150x	as long as short
Lighter XAG	+0.0128%	1h	65.390	+0.015%	$5.3M	$11.2M	25x	as long as short
Variational Omni XAG	+0.0131%	4h	65.414	+0.052%	$5.5M	$9.6M	—	as long as short
Aevo XAG-PERP	+0.0136%	1h	65.390	+0.016%	$47K	—	10x	as long as short
Binance XAGUSDT	+0.0142%	4h	65.397	+0.027%	$189.4M	$745.8M	100x	as long as short
MEXC SILVER_USDT	+0.0142%	4h	65.390	+0.015%	$120.1M	$160.5M	1000x	as long as short
edgeX XAGUSDC	+0.0156%	4h	65.411	+0.047%	$666K	$314K	30x	as long as short
Nado XAG-PERP	+0.0159%	1h	65.354	−0.040%	$1.3M	$5.5M	10x	as long as short
Hotstuff SILVER-PERPshort	+0.0160%	1h	65.386	+0.009%	$35K	$21K	20x
Coinbase International SILVER-PERP-INTX	+0.0176%	1h	65.150	−0.352%	$1.6M	$1.4M	20x	as long as short
Hibachi XAG/USDT-P	+0.0192%	1h	65.300	−0.122%	$20K	$19K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0198%	4h	65.408	+0.043%	$385K	$1.5M	25x	as long as short
Aftermath Perps XAGUSD	+0.0209%	1h	65.394	+0.022%	$79K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0212%	4h	65.400	+0.031%	$23.7M	$48.5M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0217%	8h	65.400	+0.031%	$27.9M	$71.2M	50x	as long as short
Bullet SILVER-USD	+0.0244%	1h	65.407	+0.042%	$43K	$76K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0362%	1h	65.390	+0.015%	$66K	$372K	20x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0366% / S −0.0361%	1h	65.395	+0.023%	$93K	—	111x	as long as short
BloFin XAG-USDT	+0.0382%	4h	65.390	+0.015%	$2.6M	$628K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0471%	1h	65.367	−0.021%	$912K	$756K	25x	as long as short