XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0291%/8h= +31.9% APRnext payment +$0.36 per $10,000 · paid last 24h +0.098%

Price spread now: Deribit against Hotstuff−0.023%7-day average — · you buy dearer than you sell

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

Long on Hotstuff Short on Deribit

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. Deribit is 0.023% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.023% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 6 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff SILVER-PERP	66.125	0.0064	pay 0.0008% / 1h	37m 16s	$35K	$21K	20x
Short	Deribit SILVER_USDC-PERPETUAL	66.110	0.0355	get 0.0044% / 1h	37m 16s	$62K	$348K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.023%Rate

Funding earned: $61.2
Price spread: −0.023% → 0.000%: −$2.27
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $46.93
Costs to cover: 0.120%
Break-even: 1.6 days

Slippage unknown: Hotstuff: no order-book sample; Deribit: live order book, 21 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 Deribit live order book, 21 min ago	0.76 bp	4.3 bp −$4	5.9 bp −$59	doesn't fit	doesn't fit

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	66.085	−0.060%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.140	+0.023%	$150.2M	$163.2M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.170	+0.068%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.150	+0.038%	$1.0M	$978K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.160	+0.053%	$1.5M	$317K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.060	−0.098%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.141	+0.023%	$4.8M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.059	−0.099%	$5.2M	$11.7M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.416%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.150	+0.038%	$796K	$3.0M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SI-PERP	+0.0046%	1h	66.560	+0.658%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.094	−0.047%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.060	−0.098%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.010	−0.174%	$5.7M	$9.6M	25x	as long as short
QFEX SILVER-USD	+0.0054%	1h	66.120	−0.008%	$115K	$2.7M	20x	as long as short
Phoenix SILVER	+0.0060%	1h	66.074	−0.077%	$56K	$26K	25x	as long as short
Hotstuff SILVER-PERPlong	+0.0064%	1h	66.125	long leg	$35K	$21K	20x
Kalshi KXSILVERPERP	+0.0068%	24h	66.097	−0.042%	$515K	$25.5M	8.1x	as long as short
Pacifica XAG	+0.0100%	1h	66.084	−0.062%	$470K	$619K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.100	−0.038%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.060	−0.098%	$113K	$30K	50x	as long as short
tradeXYZ xyz:SILVER	+0.0134%	1h	66.096	−0.044%	$165.5M	$73.8M	25x	as long as short
RISEx XAG/USDC	+0.0137%	1h	66.130	+0.008%	$1.3M	$4.5M	20x	as long as short
Aster XAGUSDT	+0.0145%	4h	66.148	+0.034%	$2.7M	$877K	100x	as long as short
Bybit XAGUSDT	+0.0151%	4h	66.170	+0.068%	$27.0M	$36.1M	150x	as long as short
Paradex XAG-USD-PERP	+0.0152%	8h	66.141	+0.025%	$30K	$1K	5x	as long as short
Nado XAG-PERP	+0.0191%	1h	66.101	−0.036%	$1.3M	$6.5M	10x	as long as short
Lighter XAG	+0.0200%	1h	66.151	+0.040%	$5.2M	$10.5M	25x	as long as short
Aevo XAG-PERP	+0.0200%	1h	66.127	+0.003%	$47K	—	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0200%	1h	66.130	+0.008%	$1.8M	$999K	20x	as long as short
Variational Omni XAG	+0.0202%	4h	66.133	+0.012%	$5.6M	$9.7M	—	as long as short
MEXC SILVER_USDT	+0.0216%	4h	66.120	−0.008%	$109.1M	$152.4M	1000x	as long as short
Binance XAGUSDT	+0.0218%	4h	66.149	+0.036%	$192.9M	$701.0M	100x	as long as short
Aftermath Perps XAGUSD	+0.0230%	1h	66.109	−0.024%	$80K	$37K	10x	as long as short
OKX XAG-USDT-SWAP	+0.0231%	8h	66.140	+0.023%	$27.7M	$65.5M	50x	as long as short
edgeX XAGUSDC	+0.0231%	4h	66.127	+0.003%	$671K	$311K	30x	as long as short
BloFin XAG-USDT	+0.0251%	4h	66.160	+0.053%	$2.6M	$554K	100x	as long as short
Bitget XAGUSDT	+0.0258%	4h	66.130	+0.008%	$23.8M	$45.7M	100x	as long as short
GRVT XAG_USDT_Perp	+0.0280%	4h	66.144	+0.029%	$389K	$1.5M	25x	as long as short
Bullet SILVER-USD	+0.0312%	1h	66.133	+0.012%	$45K	$76K	10x	as long as short
Deribit SILVER_USDC-PERPETUALshort	+0.0355%	1h	66.110	−0.023%	$62K	$348K	20x
Hibachi XAG/USDT-P	+0.0360%	1h	66.117	−0.013%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0374% / S −0.0408%	1h	66.135	+0.015%	$103K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0485%	1h	66.104	−0.032%	$912K	$676K	25x	as long as short