Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0016%/8h= +1.8% APRpaid last 24h −0.023%

Price spread now: Hotstuff against Gate−0.071%7-day average — · you buy dearer than you sell

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

Long on Gate 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

Funding pays, the price is against you. Hotstuff is 0.071% cheaper against Gate than usual: you would sell low and buy high (spread −0.071% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 15 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XAG_USDT	66.060	0	get 0.0000% / 4h	3h 31m	$132.7M	$192.8M	100x
Short	Hotstuff SILVER-PERP	66.013	0.0016	get 0.0002% / 1h	31m 12s	$35K	$21K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Gate. 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 GatebpFee HotstuffbpOrdersPrice spread, now −0.071%Rate

Funding earned: $3.36
Price spread: −0.071% → 0.000%: −$7.11
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$23.75
Costs to cover: 0.200%
Break-even: 56.5 days

Slippage unknown: Gate: live order book, 4 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 Gate live order book, 4 min ago	0.76 bp	8.3 bp −$8	9.3 bp −$93	11.5 bp −$1,149	15.4 bp −$7,714
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	65.984	−0.116%	$15K	$997	5x	as long as short
Gate XAG_USDTlong	0.0000%	4h	66.060	long leg	$132.7M	$192.8M	100x
SunX XAG-USDT	0.0000%	4h	66.060	0.000%	$2K	$3.5M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.080	+0.030%	$1.0M	$1.2M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.090	+0.045%	$1.5M	$259K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.993	−0.102%	$119K	—	25x	as long as short
Ondo Perps XAG-USD.P	+0.0004%	1h	65.940	−0.182%	$6.2M	$9.0M	25x	as long as short
Hotstuff SILVER-PERPshort	+0.0016%	1h	66.013	−0.071%	$35K	$21K	20x
Lighter RH XAG	+0.0032%	1h	66.054	−0.008%	$4.6M	$9.6M	25x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.515%	$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
StandX XAG-USD	+0.0040%	1h	65.980	−0.121%	$698K	$2.8M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.495	+0.658%	—	—	25x	as long as short
Kalshi KXSILVERPERP	+0.0047%	24h	66.024	−0.054%	$687K	$21.6M	8.1x	as long as short
Phoenix SILVER	+0.0048%	1h	65.979	−0.123%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.026	−0.051%	$3.9M	$740K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.991	−0.104%	$4K	$5K	20x	as long as short
QFEX SILVER-USD	+0.0053%	1h	66.060	0.000%	$144K	$2.8M	20x	as long as short
tradeXYZ xyz:SILVER	+0.0076%	1h	66.022	−0.058%	$161.6M	$95.8M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.006	−0.082%	$472K	$671K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.030	−0.045%	$24.1M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.990	−0.106%	$112K	$88K	50x	as long as short
Aster XAGUSDT	+0.0111%	4h	66.040	−0.030%	$2.8M	$1.2M	100x	as long as short
Paradex XAG-USD-PERP	+0.0114%	8h	66.052	−0.012%	$30K	$1K	5x	as long as short
Variational Omni XAG	+0.0144%	4h	66.066	+0.009%	$5.5M	$12.6M	—	as long as short
Aevo XAG-PERP	+0.0152%	1h	66.067	+0.011%	$47K	—	10x	as long as short
MEXC SILVER_USDT	+0.0156%	4h	66.060	0.000%	$119.2M	$190.1M	1000x	as long as short
Binance XAGUSDT	+0.0160%	4h	66.070	+0.015%	$190.9M	$791.6M	100x	as long as short
RISEx XAG/USDC	+0.0162%	1h	66.064	+0.005%	$1.4M	$4.3M	20x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0168%	1h	66.040	−0.030%	$1.9M	$1.2M	20x	as long as short
edgeX XAGUSDC	+0.0170%	4h	66.045	−0.022%	$668K	$315K	30x	as long as short
Extended XAG-USD	+0.0176%	1h	65.992	−0.104%	$5.2M	$15.2M	10x	as long as short
BloFin XAG-USDT	+0.0185%	4h	66.070	+0.015%	$2.6M	$1.4M	100x	as long as short
Lighter XAG	+0.0192%	1h	66.059	−0.001%	$5.4M	$10.9M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0194%	8h	66.060	0.000%	$27.5M	$68.1M	50x	as long as short
Aftermath Perps XAGUSD	+0.0195%	1h	66.016	−0.066%	$79K	$40K	10x	as long as short
Bullet SILVER-USD	+0.0254%	1h	66.062	+0.003%	$44K	$76K	10x	as long as short
Nado XAG-PERP	+0.0255%	1h	65.995	−0.098%	$1.3M	$6.5M	10x	as long as short
Bybit XAGUSDT	+0.0291%	4h	66.080	+0.030%	$25.1M	$37.7M	150x	as long as short
Bitget XAGUSDT	+0.0292%	4h	66.070	+0.015%	$23.1M	$51.2M	100x	as long as short
Hibachi XAG/USDT-P	+0.0296%	1h	66.020	−0.061%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0309% / S −0.0312%	1h	66.065	+0.008%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0356%	1h	66.040	−0.030%	$88K	$501K	20x	as long as short
GRVT XAG_USDT_Perp	+0.0366%	4h	66.062	+0.003%	$400K	$1.8M	25x	as long as short
Kraken Futures PF_XAGUSD	+0.0402%	1h	66.030	−0.046%	$777K	$650K	25x	as long as short