Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0069%/8h= +7.6% APRpaid last 24h +0.037%

Price spread now: Paradex against Hotstuff+0.049%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 Paradex

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 · Paradex: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Paradex is 0.049% dearer against Hotstuff than usual: you sell high and buy low: +$5 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	65.937	0.0048	pay 0.0006% / 1h	40m 11s	$35K	$21K	20x
Short	Paradex XAG-USD-PERP	65.970	0.0117	get 0.0117% / 8h	3h 40m	$30K	$1K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.049%Rate

Funding earned: $14.54
Price spread: +0.049% → 0.000%: $4.94
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Paradex: 2 bp × 2 orders: −$4
Net: $10.48
Costs to cover: 0.090%
Break-even: 2.0 days

Slippage unknown: Hotstuff: no order-book sample; Paradex: 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 Hotstuff no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Hotstuff and Paradex: 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	−0.0043%	1h	65.830	−0.162%	$5.7M	$9.3M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.934	−0.005%	$14K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	65.990	+0.080%	$149.5M	$163.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.980	+0.065%	$2K	$2.6M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.010	+0.111%	$1.0M	$966K	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.980	+0.065%	$1.5M	$320K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.911	−0.039%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.962	+0.039%	$4.8M	$9.5M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.915	−0.034%	$5.2M	$11.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.702%	$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	65.970	+0.050%	$793K	$3.1M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.397	+0.698%	—	—	25x	as long as short
Hotstuff SILVER-PERPlong	+0.0048%	1h	65.937	long leg	$35K	$21K	20x
Polymarket Perps SILVER-USD	+0.0050%	1h	65.946	+0.014%	$3.9M	$674K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.916	−0.032%	$3K	$6K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0051%	1h	65.938	+0.002%	$165.9M	$73.7M	25x	as long as short
QFEX SILVER-USD	+0.0060%	1h	65.960	+0.035%	$114K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0072%	24h	65.935	−0.003%	$539K	$25.9M	8.1x	as long as short
Phoenix SILVER	+0.0073%	1h	65.889	−0.073%	$56K	$26K	25x	as long as short
RISEx XAG/USDC	+0.0080%	1h	65.975	+0.058%	$1.3M	$4.9M	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.914	−0.036%	$469K	$614K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.940	+0.005%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.920	−0.026%	$113K	$30K	50x	as long as short
Lighter XAG	+0.0112%	1h	65.970	+0.050%	$5.2M	$10.6M	25x	as long as short
Paradex XAG-USD-PERPshort	+0.0117%	8h	65.970	+0.049%	$30K	$1K	5x
Bybit XAGUSDT	+0.0130%	4h	66.000	+0.096%	$27.4M	$36.4M	150x	as long as short
Aster XAGUSDT	+0.0138%	4h	65.970	+0.050%	$2.7M	$871K	100x	as long as short
Nado XAG-PERP	+0.0180%	1h	65.937	+0.001%	$1.4M	$6.0M	10x	as long as short
Aevo XAG-PERP	+0.0184%	1h	65.973	+0.054%	$47K	—	10x	as long as short
Variational Omni XAG	+0.0188%	4h	65.963	+0.040%	$5.6M	$9.4M	—	as long as short
MEXC SILVER_USDT	+0.0202%	4h	65.970	+0.050%	$112.8M	$152.1M	1000x	as long as short
Binance XAGUSDT	+0.0202%	4h	65.980	+0.065%	$191.0M	$702.6M	100x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0205%	1h	65.960	+0.035%	$75K	$363K	20x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0208%	1h	65.950	+0.020%	$1.8M	$1.0M	20x	as long as short
Aftermath Perps XAGUSD	+0.0215%	1h	65.939	+0.002%	$79K	$36K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0218%	4h	66.022	+0.129%	$394K	$1.5M	25x	as long as short
edgeX XAGUSDC	+0.0219%	4h	65.962	+0.038%	$669K	$310K	30x	as long as short
OKX XAG-USDT-SWAP	+0.0233%	8h	65.980	+0.065%	$27.7M	$64.8M	50x	as long as short
Bullet SILVER-USD	+0.0236%	1h	65.990	+0.080%	$45K	$76K	10x	as long as short
BloFin XAG-USDT	+0.0238%	4h	65.960	+0.035%	$2.6M	$556K	100x	as long as short
Bitget XAGUSDT	+0.0242%	4h	65.980	+0.065%	$23.9M	$45.3M	100x	as long as short
Hibachi XAG/USDT-P	+0.0336%	1h	65.912	−0.039%	$20K	$19K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0387% / S −0.0440%	1h	65.985	+0.073%	$105K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0624%	1h	65.940	+0.004%	$910K	$683K	25x	as long as short