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

XAG

RWAall XAG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0094%/8h= −10.3% APRnext payment $0.12 per $10,000 · paid last 24h +0.009%
Price spread now: Ondo Perps against Hotstuff−0.140%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 · Ondo Perps: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Ondo Perps is 0.140% cheaper against Hotstuff than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff SILVER-PERP65.9220.0048pay 0.0006% / 1h41m 27s$35K$21K20x
ShortOndo Perps XAG-USD.P65.830−0.0046pay 0.0006% / 1h41m 27s$5.7M$9.3M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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
−$19.82
Price spread: −0.140% → 0.000%
−$13.96
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$43.78
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Hotstuff: no order-book sample; Ondo Perps: 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 Ondo Perps no order-book sample
Hotstuff and Ondo Perps: 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
Ondo Perps XAG-USD.Pshort−0.0046%1h65.830−0.140%$5.7M$9.3M25x
dYdX XAG-USD0.0000%1h65.934+0.018%$14K5xas long as short
Gate XAG_USDT0.0000%4h65.980+0.088%$149.5M$163.5M100xas long as short
SunX XAG-USDT0.0000%4h65.960+0.058%$2K$2.7M20xas long as short
HTX XAG-USDT0.0000%4h66.020+0.149%$1.0M$967K75xas long as short
Phemex XAGUSDT0.0000%4h65.980+0.088%$1.5M$320K100xas long as short
gTrade (Gains Network) XAG/USDL +0.0004% / S −0.0006%1h65.914−0.013%$120K250xas long as short
Lighter RH XAG+0.0032%1h65.936+0.022%$4.8M$9.5M25xas long as short
Extended XAG-USD+0.0032%1h65.891−0.047%$5.1M$11.5M10xas long as short
Injective XAG/USDC PERP+0.0033%1h66.400+0.725%$11K$94K52xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
StandX XAG-USD+0.0040%1h65.970+0.073%$793K$3.1M40xas long as short
Vest SI-PERP+0.0046%1h66.389+0.708%25xas long as short
Hotstuff SILVER-PERPlong+0.0048%1h65.922long leg$35K$21K20x
Polymarket Perps SILVER-USD+0.0050%1h65.940+0.027%$3.9M$674K20xas long as short
SoDEX SILVER-USD+0.0050%1h65.891−0.047%$3K$6K20xas long as short
tradeXYZ xyz:SILVER+0.0052%1h65.935+0.020%$165.9M$73.6M25xas long as short
QFEX SILVER-USD+0.0060%1h65.950+0.042%$114K$2.7M20xas long as short
Kalshi KXSILVERPERP+0.0072%24h65.9220.000%$539K$25.9M8.1xas long as short
Phoenix SILVER+0.0073%1h65.889−0.050%$56K$26K25xas long as short
RISEx XAG/USDC+0.0080%1h65.970+0.073%$1.3M$4.9M20xas long as short
Pacifica XAG+0.0100%1h65.894−0.043%$469K$614K10xas long as short
KuCoin XAGUSDTM+0.0100%4h65.930+0.012%$24.5M$4.5M75xas long as short
ApeX Omni XAGUSDT+0.0100%1h65.920−0.003%$113K$30K50xas long as short
Lighter XAG+0.0104%1h65.947+0.038%$5.2M$10.6M25xas long as short
Paradex XAG-USD-PERP+0.0119%8h65.951+0.045%$30K$1K5xas long as short
Bybit XAGUSDT+0.0121%4h66.000+0.118%$27.4M$36.5M150xas long as short
Aster XAGUSDT+0.0138%4h65.970+0.073%$2.7M$871K100xas long as short
Nado XAG-PERP+0.0180%1h65.919−0.005%$1.4M$6.0M10xas long as short
Aevo XAG-PERP+0.0184%1h65.946+0.036%$47K10xas long as short
Variational Omni XAG+0.0195%4h66.003+0.124%$5.6M$9.4Mas long as short
BloFin XAG-USDT+0.0196%4h66.000+0.118%$2.6M$556K100xas long as short
MEXC SILVER_USDT+0.0202%4h65.960+0.058%$112.8M$152.1M1000xas long as short
Binance XAGUSDT+0.0203%4h65.970+0.073%$191.0M$702.5M100xas long as short
Coinbase International SILVER-PERP-INTX+0.0208%1h65.950+0.042%$1.8M$1.0M20xas long as short
Aftermath Perps XAGUSD+0.0217%1h65.937+0.023%$79K$36K10xas long as short
GRVT XAG_USDT_Perp+0.0218%4h66.022+0.151%$394K$1.5M25xas long as short
edgeX XAGUSDC+0.0219%4h65.962+0.060%$669K$310K30xas long as short
OKX XAG-USDT-SWAP+0.0234%8h65.970+0.073%$27.7M$64.8M50xas long as short
Bullet SILVER-USD+0.0235%1h65.974+0.080%$45K$76K10xas long as short
Bitget XAGUSDT+0.0244%4h65.970+0.073%$23.9M$45.3M100xas long as short
Hibachi XAG/USDT-P+0.0336%1h65.912−0.016%$20K$19K10xas long as short
Deribit SILVER_USDC-PERPETUAL+0.0357%1h65.940+0.027%$75K$363K20xas long as short
GMX SILVER/USD [ETH-USDC]L +0.0387% / S −0.0440%1h65.975+0.080%$105K111xas long as short
Kraken Futures PF_XAGUSD+0.0625%1h65.924+0.003%$910K$683K25xas long as short