Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0087%/8h= +9.6% APRpaid last 24h +0.054%

Price spread now: BloFin against Hotstuff+0.067%7-day average — · you sell dearer than you buy

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

Long on Hotstuff Short on BloFin

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

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BloFin is 0.067% dearer against Hotstuff than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff SILVER-PERP	65.316	0.0024	pay 0.0003% / 1h	34m 47s	$35K	$21K	20x
Short	BloFin XAG-USDT	65.360	0.0111	get 0.0056% / 4h	34m 47s	$2.7M	$575K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Hotstuff. 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 HotstuffbpFee BloFinbpOrdersPrice spread, now +0.067%Rate

Funding earned: $18.36
Price spread: +0.067% → 0.000%: $6.74
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: $8.1
Costs to cover: 0.170%
Break-even: 3.9 days

Slippage unknown: Hotstuff: no order-book sample; BloFin: live order book, 3 min ago. 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 Hotstuff no order-book sample	—	—	—	—	—
Sell BloFin live order book, 3 min ago	1.53 bp	7.5 bp −$8	7.5 bp −$75	8.7 bp −$874	15.5 bp −$7,732

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
Ondo Perps XAG-USD.P	−0.0042%	1h	65.260	−0.086%	$5.6M	$9.7M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.297	−0.029%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.360	+0.067%	$27.7M	$39.3M	150x	as long as short
SunX XAG-USDT	0.0000%	4h	65.340	+0.037%	$2K	$2.5M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.370	+0.083%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.360	+0.067%	$1.5M	$281K	100x	as long as short
Variational Omni XAG	0.0000%	4h	65.332	+0.025%	$5.5M	$9.1M	—	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.290	−0.040%	$118K	—	250x	as long as short
Aster XAGUSDT	+0.0024%	4h	65.354	+0.058%	$2.7M	$928K	100x	as long as short
Hotstuff SILVER-PERPlong	+0.0024%	1h	65.316	long leg	$35K	$21K	20x

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance XAGUSDT	+0.0027%	4h	65.346	+0.045%	$191.7M	$753.3M	100x	as long as short
MEXC SILVER_USDT	+0.0028%	4h	65.360	+0.067%	$118.8M	$157.3M	1000x	as long as short
Lighter RH XAG	+0.0032%	1h	65.340	+0.037%	$4.6M	$9.8M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.309	−0.011%	$5.1M	$11.6M	10x	as long as short
edgeX XAGUSDC	+0.0032%	4h	65.342	+0.040%	$665K	$313K	30x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.660%	$11K	$94K	52x	as long as short
Gate XAG_USDT	+0.0034%	4h	65.370	+0.083%	$140.9M	$178.2M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.380	+0.098%	$786K	$2.9M	40x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.340	+0.037%	$157K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.774	+0.701%	—	—	25x	as long as short
Aevo XAG-PERP	+0.0048%	1h	65.334	+0.028%	$47K	—	10x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	65.305	−0.017%	$169.7M	$81.6M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.319	+0.005%	$3.8M	$856K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.291	−0.038%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERP	+0.0052%	8h	65.330	+0.021%	$29K	$1K	5x	as long as short
Phoenix SILVER	+0.0061%	1h	65.297	−0.029%	$56K	$31K	25x	as long as short
Kalshi KXSILVERPERP	+0.0079%	24h	65.331	+0.023%	$531K	$31.8M	8.1x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0096%	1h	65.300	−0.024%	$1.6M	$1.4M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.297	−0.029%	$465K	$611K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.330	+0.021%	$25.3M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.310	−0.009%	$112K	$19K	50x	as long as short
BloFin XAG-USDTshort	+0.0111%	4h	65.360	+0.067%	$2.7M	$575K	100x
RISEx XAG/USDC	+0.0118%	1h	65.365	+0.075%	$1.2M	$4.8M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0128%	4h	65.357	+0.062%	$384K	$1.6M	25x	as long as short
Bitget XAGUSDT	+0.0154%	4h	65.350	+0.052%	$23.2M	$44.8M	100x	as long as short
Lighter XAG	+0.0160%	1h	65.342	+0.040%	$5.3M	$11.1M	25x	as long as short
Nado XAG-PERP	+0.0160%	1h	65.315	−0.001%	$1.2M	$4.7M	10x	as long as short
OKX XAG-USDT-SWAP	+0.0167%	8h	65.360	+0.067%	$28.2M	$70.0M	50x	as long as short
Aftermath Perps XAGUSD	+0.0181%	1h	65.330	+0.022%	$79K	$37K	10x	as long as short
Hibachi XAG/USDT-P	+0.0184%	1h	65.330	+0.021%	$20K	$17K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.340	+0.037%	$65K	$390K	20x	as long as short
Bullet SILVER-USD	+0.0221%	1h	65.363	+0.072%	$45K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.355	+0.060%	$93K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0363%	1h	65.320	+0.006%	$1.0M	$868K	25x	as long as short