Settings8H · net · $10k
Funding arb · Price arb /

XAG

RWAall XAG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0152%/8h= +16.6% APRnext payment +$0.19 per $10,000 · paid last 24h +0.094%
Price spread now: Hibachi against Hotstuff−0.047%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHotstuff: Active · Hibachi: Active · farm boardneeds both histories
Funding pays, the price is against you. Hibachi is 0.047% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.047% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 25 hours of funding at the current rate (+$5 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff SILVER-PERP66.3010.0120pay 0.0015% / 1h24m 57s$35K$21K20x
ShortHibachi XAG/USDT-P66.2700.0272get 0.0034% / 1h24m 57s$20K$19K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hibachi 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

Funding earned
$31.92
Price spread: −0.047% → 0.000%
−$4.68
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee Hibachi: 4.5 bp × 2 orders
−$9
Net
$13.24
Costs to cover
0.140%
Break-even
4.1 days
Slippage unknown: Hotstuff: no order-book sample; Hibachi: 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 Hotstuff no order-book sample
Sell Hibachi no order-book sample
Hotstuff and Hibachi: 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
dYdX XAG-USD0.0000%1h66.272−0.044%$15K5xas long as short
Gate XAG_USDT0.0000%4h66.380+0.119%$150.4M$164.3M100xas long as short
SunX XAG-USDT0.0000%4h66.350+0.074%$2K$2.7M20xas long as short
HTX XAG-USDT0.0000%4h66.390+0.134%$1.0M$1.1M75xas long as short
Phemex XAGUSDT0.0000%4h66.390+0.134%$1.5M$251K100xas long as short
gTrade (Gains Network) XAG/USDL +0.0004% / S −0.0006%1h66.296−0.008%$121K250xas long as short
Lighter RH XAG+0.0032%1h66.358+0.086%$4.8M$9.5M25xas long as short
Extended XAG-USD+0.0032%1h66.299−0.003%$5.3M$12.1M10xas long as short
Injective XAG/USDC PERP+0.0033%1h66.400+0.149%$11K$94K52xas long as short
StandX XAG-USD+0.0040%1h66.270−0.047%$797K$2.9M40xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest SI-PERP+0.0046%1h66.793+0.742%25xas long as short
Polymarket Perps SILVER-USD+0.0050%1h66.331+0.045%$3.9M$672K20xas long as short
SoDEX SILVER-USD+0.0050%1h66.296−0.008%$3K$6K20xas long as short
Ondo Perps XAG-USD.P+0.0050%1h66.270−0.047%$5.7M$9.8M25xas long as short
QFEX SILVER-USD+0.0062%1h66.340+0.059%$115K$2.7M20xas long as short
Kalshi KXSILVERPERP+0.0065%24h66.311+0.015%$536K$24.6M8.1xas long as short
Phoenix SILVER+0.0084%1h66.308+0.011%$56K$26K25xas long as short
tradeXYZ xyz:SILVER+0.0097%1h66.327+0.039%$166.1M$74.3M25xas long as short
Pacifica XAG+0.0100%1h66.294−0.010%$472K$610K10xas long as short
KuCoin XAGUSDTM+0.0100%4h66.320+0.029%$24.5M$4.5M75xas long as short
ApeX Omni XAGUSDT+0.0100%1h66.280−0.032%$113K$30K50xas long as short
Hotstuff SILVER-PERPlong+0.0120%1h66.301long leg$35K$21K20x
Paradex XAG-USD-PERP+0.0134%8h66.341+0.060%$30K$1K5xas long as short
Aster XAGUSDT+0.0135%4h66.370+0.104%$2.7M$877K100xas long as short
Bybit XAGUSDT+0.0158%4h66.380+0.119%$26.9M$36.1M150xas long as short
BloFin XAG-USDT+0.0175%4h66.340+0.059%$2.6M$553K100xas long as short
Aevo XAG-PERP+0.0176%1h66.359+0.087%$48K10xas long as short
RISEx XAG/USDC+0.0181%1h66.370+0.104%$1.3M$4.5M20xas long as short
Variational Omni XAG+0.0184%4h66.321+0.031%$5.6M$9.8Mas long as short
Lighter XAG+0.0192%1h66.367+0.100%$5.3M$10.5M25xas long as short
Coinbase International SILVER-PERP-INTX+0.0192%1h66.350+0.074%$1.9M$988K20xas long as short
MEXC SILVER_USDT+0.0194%4h66.370+0.104%$105.4M$153.5M1000xas long as short
Binance XAGUSDT+0.0196%4h66.372+0.108%$192.3M$705.4M100xas long as short
edgeX XAGUSDC+0.0204%4h66.323+0.033%$673K$313K30xas long as short
Nado XAG-PERP+0.0211%1h66.300−0.001%$1.3M$6.6M10xas long as short
OKX XAG-USDT-SWAP+0.0217%8h66.370+0.104%$27.8M$65.9M50xas long as short
Aftermath Perps XAGUSD+0.0234%1h66.277−0.037%$80K$37K10xas long as short
Bitget XAGUSDT+0.0246%4h66.360+0.089%$23.8M$45.8M100xas long as short
GRVT XAG_USDT_Perp+0.0268%4h66.347+0.070%$402K$1.5M25xas long as short
Hibachi XAG/USDT-Pshort+0.0272%1h66.270−0.047%$20K$19K10x
Bullet SILVER-USD+0.0280%1h66.363+0.094%$46K$75K10xas long as short
GMX SILVER/USD [ETH-USDC]L +0.0351% / S −0.0372%1h66.365+0.097%$103K111xas long as short
Deribit SILVER_USDC-PERPETUAL+0.0353%1h66.350+0.074%$50K$322K20xas long as short
Kraken Futures PF_XAGUSD+0.0549%1h66.333+0.049%$915K$671K25xas long as short